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7.2. HRSR 12-07-2020 �J etyof ElkRequest for Action River To Item Number Housing and Redevelopment Authoritv 7.2 Agenda Section Meeting Date Prepared by General Business December 7, 2020 Colleen Eddy, Economic Development Specialist Item Description Reviewed by Main and Gates Redevelopment Update Cal Portner, City Administrator Reviewed by Action Requested Item presented for informational purposes. Background/Discussion Demolition of the five houses on Main Street and Gates Avenue is complete. Otting House Movers, Inc.,has moved both houses at 419 3rd Street and 406 Main Street. Veit has been contacted to remobilize and demo the two basements,which are projected to be completed by December 9, 2020. Staff sent the Main and Gates sell sheet to developers who RSVP'd to attend the in-person Developer Forum, now scheduled for March of 2020. Staff is also working with Communications on a sign installation on the corner of Main and Gates and the Star News is working on an article for the proposed redevelopment. Financial Impact N/A Mission/Policy/Goal The goal of the HRA is to improve existing housing stock by offering incentives or programs to repair and maintain residential properties. Attachments ■ N/A The Elk River Vision A Y�elcoming community nvith revolutionary and spirited resourcefulness, exceptional P U W E H E o s r service, and community engagement that encourages and inspires prosperity ,g /` UR