4.1. DRAFT HRA MIN 04-05-2021 City of
Elk Regular Meeting of the Elk River
River Housing and Redevelopment Authority
Held at the Elk River City Hall
Monday, March 1, 2021
Members Present: Chair Larry Toth (5:39 p.m.), Commissioners Denny Chuba,Nate Ovall,
Jayme Swenson, and Jennifer Wagner
Members Absent: None 40
Staff Present: City Administrator Cal Portner and Economic Development Specialist
Colleen Eddy
I. Call Meeting to Order
Pursuant to due call and notice thereof, the meeting of theElkRiver Housing and
Redevelopment Authority was called to order at 5:34 p.m. by Vice Chair Chuba.
2. Pledge of Allegiance
The Pledge of Allegiance was recited.
3. Consider March 1, 2021, Agend
4%00'
Moved by Commissioner Ovall seconded by Commissioner Wagner to approve the
March 1, 2021) HRA meeting agenda.
Motion carried 4
4. Consent Agend
1Vloved by Commissioner Swenson and seconded by Commissioner Ovall to approve
the consent agenda as follows:
4.1 February 1, 2021, meeting minutes.
4.2 Check register as outlined in the staff report.
4.3 Balance sheet as outlined in the staff report.
4.4 Revenue/expenditure report as outlined in the staff report.
Motion carried 4-0.
S. Open Forum
No one appeared for Open Forum.
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March 1,2021
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6. Public Hearings
There were no public hearings.
7.1 HRA Rehabilitation Loan Program Update
Ms. Eddy presented the staff report.
7.2 Discuss Main/Gates Redevelopment
Ms. Eddy presented the staff report. She updated the commission that she requested from
legal counsel the legal options the HRA has with the last remaining homeowner who
remains in the redevelopment area and noted there are a few op She did send the
homeowner a letter today requesting a meeting with city staff.
Commissioner Chuba stated after the HRA special meeting,he was thinking about the
suggested option of the efficiency apartments. He explained he did not know how much the
building would cost to construct or what the revenue stream would be, but he felt it might
mean that if the HRA provided a significant financial support towards the project,they
should be prepared to not receive their contribution back immediately. He stated he has not
run the numbers but a project lik-;,tai , ht require amount of subsidy to make it
work.
Commissioner Swenson asked for clarification of his statement.
Commission Chuba stated if the goal were an efficiency apartment,the project would have
to have some sort of incentive to keep rents low.
Commissioner Swenson stated her idea on an efficiency apartment was for people traveling
thro. lae area to sta temporarily as the location is near several airports and is walkable.
Chair Toth apologized for being late for tonight's meeting and stated although he was not at
the special meeting, he understood the specific things the HRA has in mind for this area. He
stated he would also like to see what developers will be proposing and would feel more
comfortable having developer insight and ideas before making a final decision.
Commissioner Chuba stated he felt the HRA was very open to hearing from developers and
felt they were at a point to seek feedback from developers.
Commissioner Wagner agreed and felt the commission vetted out what they would like to
see but agreed that developers could provide an interesting vision. She felt after that,the
HRA could determine incentives.
Ms. Eddy stated staff will be putting together the developer's forum to get feedback and
then move forward with that information for an RFP.
Commissioner Chuba asked what the timeframe would be to have the forum.
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March 1,2021
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Ms. Eddy felt it could be scheduled towards the end of March. She stated she has been
staying in contact with the developers who have originally expressed interest in the project.
Commissioner Wagner suggested using creative advertising to promote the forum such as
Bisnow and LinkedIn advertisements.
Commissioner Chuba suggested contacting engineering firms to spread the word.
8. Adjournment
Chair Toth adjourned the meeting at 5:51 p.m.
Minutes prepared by Jennifer Green.
Tina Allard, City Clerk
Larry Toth, Chair
Housing&Redevelopment Authority