Housing and Redevelopment Authority Packet - April 6, 2026
Housing and Redevelopment
Authority
Regular Meeting
&
Closed Meeting
Agenda
Monday, April 6, 2026
5:30 PM
Elk River City Hall
▪ Regular meeting in Council Chambers
▪ Closed Session meeting in Upper Town Conference Room immediately following regular meeting
1. CALL MEETING TO ORDER
2. PLEDGE OF ALLEGIANCE
3. CONSIDER AGENDA
4. CONSENT AGENDA
Considered to be routine and noncontroversial and will be approved by one motion. There will be no separate discussion of
these items unless there is a request to remove the item from the consent agenda to the regular agenda.
4.1 DRAFT Minutes - March 2, 2026
4.2 Check Register
4.3 Balance Sheet
4.4 Revenue/Expenditure Reports
5. OPEN FORUM
An opportunity to provide comments and feedback regarding items not on the agenda. Information provided in Open Forum
will not be discussed at this meeting; rather, the information will be referred to staff and/or scheduled for discussion at a
future meeting.
6. GENERAL BUSINESS
Items in which the information is presented by city staff or consultants, then deliberation and action occur. General Business
items are not opportunities to receive or provide public input. However, the presiding officer may, at its sole discretion,
solicit public feedback.
6.1 Downtown Winter Light Pole Fixtures
6.2 Housing Rehabilitation Loan Program Update
7. OPEN DISCUSSION
This section is reserved for the board and staff to discuss relevant topics, updates, and other non-action items of the board.
8. MOTION TO ADJOURN REGULAR MEETING
9. CLOSED MEETING
Page 1 of 29
The Elk River Vision
A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community
engagement that encourages and inspires prosperity
9.1 Statement to be read by the Chair:
"The Housing and Redevelopment Authority will be holding a closed meeting per MN Statute
13D.05, subd. 3(c)(3) to develop or consider offers or counteroffers for the purchase or sale of
real property. The properties being discussed are within The Village of Elk River plat:
▪ PID 75-00405-1110, 365 Jackson Ave NW
▪ PID 75-00405-1115, unaddressed
▪ PID 75-00405-1155, 618 Railroad Dr NW
▪ PID 75-00405-1120, 616 Railroad Dr NW
▪ PID 75-00405-1135, 612 Railroad Dr NW
▪ PID 75-00405-1150, 600 Railroad Dr NW
9.2 Motion Calling Closed Meeting
9.3 Hold Closed Meeting
9.4 Motion to Adjourn Closed Meeting
Page 2 of 29
The Elk River Vision
A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community
engagement that encourages and inspires prosperity
Page 3 of 29
Meeting of the Housing and
Redevelopment Authority
Held at the Elk River City Hall
Monday, March 2, 2026
Members Present: Chair Nate Ovall, Commissioner John Dietz, Commissioner Lynn Caswell,
Commissioner Mel Beaudry, Commissioner Dave Klutch
Members Absent: None.
Staff Present: Economic Development Director Brent O'Neil, Economic Development Specialist
Joshua Mollan, and Recording Secretary Katie Porath
1. CALL MEETING TO ORDER
Pursuant to due call and notice thereof, the meeting was called to order at 5:31 p.m.
1.1 Commissioner Dave Klutch
2. PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was recited.
3. CONSIDER AGENDA
Moved by Commissioner Dietz and seconded by Commissioner Caswell to approve the
agenda. Motion carried 5-0.
4. CONSENT AGENDA
Moved by Commissioner Caswell and seconded by Commissioner Beaudry to approve the
following consent items as outlined in their respective staff reports. Motion carried 5-0.
4.1 DRAFT Minutes - February 2, 2026
4.2 Check Register
4.3 Balance Sheet
Page 4 of 29
Housing and Redevelopment Authority Minutes
March 2, 2026
---------
Page 2 of 5
4.4 Revenue/Expenditure Reports
5. OPEN FORUM
No one appeared for open forum.
6. GENERAL BUSINESS
6.1 Downtown Winter Light Pole Fixtures
Mr. Mollan presented the staff report. He showed an example of the lighted snowflake from Main Street
Designs proposed for decorating the downtown area. Mr. Mollan added that, in addition to the amounts
listed in the staff report, special brackets would need to be purchased for $1,740. Elk River Municipal
Utilities has agreed to install the snowflakes and contribute the energy at no cost.
Mr. Mollan stated that 23 snowflakes would need to be purchased to hang along Main Street and
Jackson Avenue for a total of $10,801. Downtown Elk River Business Association (DERBA) has offered
to pay up to $2,200 and asked the city if they would contribute $8,601 toward the purchase.
Commissioners stated that was a large amount of money and asked Mr. Mollan to return to DERBA and
ask if they would be willing to split the cost 50/50, with an option that the HRA fronts the money and
the association repays the HRA in yearly installments.
6.2 Housing Rehabilitation Loan Program Update
Mr. Mollan presented the staff report. He stated a new loan was initiated in January for $35,000 toward
a solar system.
7. OPEN DISCUSSION
Mr. O'Neil provided a follow-up to a question from the HRA at their February meeting regarding the
King Ave parking lot. After discussion with staff, the city has decided to proceed with the repaving of
the parking lot without looking to combine the various owners of the lot at this time.
Mr. Mollan asked the commission to remain for a group photo between the regular meeting and work
session.
Commissioner Dietz asked for the latest information on the Main and Gates project. Mr. O'Neil stated
he has heard from interested parties. Commissioner Dietz added that the AOMS building did not look
busy, but he has heard it is their busiest location. Mr. O'Neil stated he could run a Placer.ai query on for
all of their business locations.
8. MOTION TO ADJOURN REGULAR MEETING
Page 5 of 29
Housing and Redevelopment Authority Minutes
March 2, 2026
---------
Page 3 of 5
Moved by Commissioner Dietz and seconded by Commissioner Beaudry to adjourn the
meeting. Motion carried 5-0.
The regular meeting adjourned at 5:55 p.m. Chair Ovall called the work session to order at 5:58 p.m.
9. WORK SESSION
9.1 Review Housing Rehabilitation Loan Guidelines
Mr. Mollan stated that, after discussion with the Center for Energy and Environment (CEE), no other
cities the CEE works with pass on the origination fee to the applicant. Additionally, federal guidelines
limit how many fees can be passed to the borrower.
Chair Ovall gave some context on the history of the program stating it began to address blight then
included energy efficiency before becoming what it is today.
Commissioner Dietz asked if the maximum amount of the loan has always been $35,000. Mr. Mollan
stated that within the past several years the amount has increased from $25,000. Many of the current
loans are at the max $35,000 amount.
Commissioner Beaudry asked for clarification on the term "housing stock". Chair Ovall explained it was
in reference to affordable housing as well as retaining affordable housing which may have been lost to
retail.
Commissioner Klutch asked if rental properties were included in housing stock. Chair Ovall stated the
commission looks at affordable housing for TIF and tax abatement but TIF has been used more for
economic development.
Commissioner Klutch asked if a higher portion of the loans were given to aging housing stock. Chair
Ovall stated that was the focus of the loans initially. Mr. Mollan added that homes need to be at least 20
years old to qualify for a loan.
Mr. O'Neil stated the amount budgeted per year is $150,000. Mr. Mollan added the city averages 2-4
loans per year.
Commissioner Caswell discussed the possibility of increasing the interest rate. He asked about the total
cost to the HRA from each loan application. Mr. Mollan stated there is a fee of $775 per loan plus the
yearly amount of $5,000 paid to CEE.
Commissioner Dietz stated he was fine with the terms as is and the program seems to be going well.
The consensus was to make no modifications.
10. MOTION TO ADJOURN
Moved by Commissioner Dietz and seconded by Commissioner Beaudry to adjourn the
work session. Motion carried 5-0.
Page 6 of 29
Housing and Redevelopment Authority Minutes
March 2, 2026
---------
Page 4 of 5
The meeting adjourned at 6:20 p.m.
11. CLOSED MEETING
11.1 Statement to be read by the Chair:
"The Housing and Redevelopment Authority will be holding a closed meeting per MN Statute
13D.05, subd. 3(c)(3) to develop or consider offers or counteroffers for the purchase or sale of
real property. The properties being discussed are within The Village of Elk River plat:
▪ PID 75-00405-1110, 365 Jackson Ave NW
▪ PID 75-00405-1115, unaddressed
▪ PID 75-00405-1155, 618 Railroad Dr NW
▪ PID 75-00405-1120, 616 Railroad Dr NW
▪ PID 75-00405-1135, 612 Railroad Dr NW
▪ PID 75-00405-1150, 600 Railroad Dr NW
HRA Board Present: Chair Nate Ovall, Commissioners Dave Klutch, Mel Beaudry, Lynn
Caswell, and John Dietz
Staff Present: Economic Development Director Brent O'Neil, Economic Development
Specialist Josh Mollan, and Recording Secretary Katie Porath
Others Present: Ryan Hardin, Hardin Companies
Chair Ovall read the following statement:
11.2 Motion Calling Closed Meeting
The closed meeting was called to order at 6:21 p.m.
11.3 Hold Closed Meeting
11.4 Motion to Adjourn Closed Meeting
Moved by Commissioner Dietz and seconded by Commissioner Mel Beaudry to adjourn
the closed meeting. Motion carried 5-0.
The meeting adjourned at 6:51 PM
Minutes prepared by Katie Proath.
Page 7 of 29
Housing and Redevelopment Authority Minutes
March 2, 2026
---------
Page 5 of 5
_________________
Nate Ovall, Chair
___________________
Jolene Richter, Deputy City Clerk
Page 8 of 29
Page 9 of 29
CITY OF ELK RIVER
Balance Sheet
March 31, 2026
Fund 910 - HRA
Assets
910-1000 Cash - HRA 1,700,923.61
910-1190 Loans Receivable 218,389.93
910-1193 Forgivable Loan 75,000.00
910-1194 Allow for Forgivable Loan (75,000.00)
910-1195 Note Receivable 400,000.00
910-1310 Due From Other Funds 143,229.98
Total Assets 2,462,543.52
Fund Equity
910-2400 Fund Balance 2,464,862.29
Revenues over Expenditures - YTD (2,318.77)
Total Fund Equity 2,462,543.52
Total Liabilities & Equity 2,462,543.52
Page 10 of 29
CITY OF ELK RIVER
Revenues with Comparison to Budget
For the Month Ending March 31, 2026
Fund 910 - HRA
Period Actual YTD Actual Budget Unearned PCNT
910-3-0000-3111 Property Taxes - 7,196.04 469,450.00 (462,253.96) 2%
910-3-0000-3621 Interest Income 5,012.15 16,020.92 40,000.00 (23,979.08) 40%
Total Fund Revenue 5,012.15 23,216.96 509,450.00 (486,233.04) 5%
Page 11 of 29
CITY OF ELK RIVER
Expenditures with Comparison to Budget
For the Month Ending March 31, 2026
Fund 910 - HRA
Period Actual YTD Actual Budget Unearned PCNT
910-4-6100-4101 Regular Pay - 10,312.78 92,000.00 (81,687.22) 11%
910-4-6100-4103 Part-time Pay - 375.00 4,500.00 (4,125.00) 8%
910-4-6100-4104 PERA - 777.20 6,950.00 (6,172.80) 11%
910-4-6100-4105 FICA - 639.39 6,000.00 (5,360.61) 11%
910-4-6100-4107 Medicare - 149.48 1,400.00 (1,250.52) 11%
910-4-6100-4108 Insurance - 1,008.00 20,750.00 (19,742.00) 5%
910-4-6100-4109 Workers Comp - - 450.00 (450.00) 0%
910-4-6100-4112 PFML - 30.58 500.00 (469.42) 6%
910-4-6100-4201 Office Supplies - 82.30 100.00 (17.70) 82%
910-4-6100-4304 Legal Fees - - 3,000.00 (3,000.00) 0%
910-4-6100-4319 Professional Services - - 30,000.00 (30,000.00) 0%
910-4-6100-4331 Travel, Conferences & Schools - - 1,000.00 (1,000.00) 0%
910-4-6100-4349 Advertising/Marketing - 6,228.00 9,750.00 (3,522.00) 64%
910-4-6100-4359 Publishing - - 500.00 (500.00) 0%
910-4-6100-4401 Bldg Repair/Maint Services - - 500.00 (500.00) 0%
910-4-6100-4404 Software Services - - 7,500.00 (7,500.00) 0%
910-4-6100-4409 Contractual Services - 5,933.00 27,000.00 (21,067.00) 22%
910-4-6100-4433 Dues & Subscriptions - - 2,500.00 (2,500.00) 0%
910-4-6100-4510 Land - - 200,000.00 (200,000.00) 0%
910-4-6100-4530 Improvement Project Contract - - 50,000.00 (50,000.00) 0%
910-4-6100-4721 Transfer-General Fund - - 40,550.00 (40,550.00) 0%
910-4-6100-4735 Transfer-EDA - - 4,500.00 (4,500.00) 0%
Total Fund Expenditures - 25,535.73 509,450.00 (483,914.27) 5%
Net Revenue Over Expenditures 5,012.15 (2,318.77) - (2,318.77) 0%
Page 12 of 29
The Elk River Vision
A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community
engagement that encourages and inspires prosperity
Request for Action
To
Housing and Redevelopment Authority
Item Number
6.1
Meeting Date
April 6, 2026
Prepared By
Joshua Mollan, Economic Development Specialist
Item Description
Downtown Winter Light Pole Fixtures
Reviewed by
Brent O'Neil
Cal Portner
Action Requested
Approve, by motion, a $5,932 contribution toward downtown light pole fixtures in partnership with the
Downtown Elk River Business Association (DERBA).
Background/Discussion
This is a continuation of the discussion that was brought to the HRA at their March meeting. At that meeting,
the HRA advised that it would consider a 50% contribution of the total project, which would have been
$5,400 (50% of $10,800).
In pushing for a better price, DERBA was able to secure a lower price and has negotiated with MainStreet
Designs to price the 23 snowflake fixtures down to $6,892. The previous estimate was $9,061. ERMU's
hardware cost is still expected at $1,740 for a total updated project cost of $8,632, a 20% cost reduction
from what was proposed last month. Since last month's discussion, DERBA has been able to increase its
contribution after it secured an additional $500 from an anonymous sponsor. A 50/50 split would share the
cost at $4,316 each.
Based on DERBA's ability to contribute $2,700 with their available 2026 funds, that leaves $5,932 needed to
fully fund the project.
Staff is recommending an HRA contribution of $5,932 toward the project. The board suggested amounts over
the 50/50 split be made in the form of a loan to DERBA, and we've communicated that framework with
DERBA. Given the significant reduction in the total cost, the community benefit of the decorations, and the
ability to absorb the full balance with HRA funds, DERBA has requested--and staff would support--not
requiring further payment from DERBA beyond the 2026 contribution of $2,700.
Financial Impact
$5,932 drawn from the HRA fund balance.
Mission/Policy/Goal
Opportunity to live, work, and play.
Page 13 of 29
Attachments
None
Page 14 of 29
The Elk River Vision
A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community
engagement that encourages and inspires prosperity
Request for Action
To
Housing and Redevelopment Authority
Item Number
6.2
Meeting Date
April 6, 2026
Prepared By
Joshua Mollan, Economic Development Specialist
Item Description
Housing Rehabilitation Loan Program Update
Reviewed by
Brent O'Neil
Cal Portner
Action Requested
Receive updates on the Housing Rehabilitation Loan Program.
Background/Discussion
CEE reports that all accounts are current, and the HRA's portfolio is performing as expected with no
delinquencies or late payments.
$115,000 remains available for new loan disbursements in 2026.
Based on the HRA's March work session, staff is not recommending any changes to the program.
Financial Impact
N/A
Mission/Policy/Goal
Improve housing stock by offering incentives or programs to repair or maintain residential properties.
Attachments
1. CEE Monthly Loan Activity Summary
2. CEE Monthly Loan Servicing Report
Page 15 of 29
CEE Monthly Loan Activity Summary
4/6/26
Page 16 of 29
Data Set: March 1st, 2026
CITY OF ELK RIVER
LOAN SERVICING REPORT
February 2026
Page 17 of 29
CONTENTS
1 Invoice Report
2 Trial Balance Report (Loan Detail)
3 New Loan Count
4 Total Loan Count (Monthly Detail)
5 Trial Balance Report (Monthly Detail in USD)
6 Monthly Payment Collection Per Loan
7 Total Payment Collection in USD (Monthly Detail)
8 Total Principal Collection in USD (Monthly Detail)
9 Total Interest Collection in USD (Monthly Detail)
Page 18 of 29
POOL TOTAL COUNT OFACTIVE LOANSCOUNT OF NEWLOANSCOUNT OF ACTIVEAMORTIZING LOANSCOUNT OF ACTIVEDEFERRED LOANSCOUNT OF ACTIVEDELINQUENT LOANSCOUNT OF PAYOFFSRECEIVEDTOTAL AMOUNTRECEIVEDPRINCIPAL RECEIVEDINTEREST RECEIVEDLATE FEES ANDOTHER FEESRECEIVED3RD PARTY FEESCOLLECTEDNEW LOAN FEESDELINQUENCYMANAGEMENT FEESSATISFACTIONDRAFTING FEESSERVICING FEESTOTAL FEES TOSERVICERFUNDS TO THE CITYOF ELK RIVERHRA REHAB
Grand Total
12 0 12 0 0 0 $2,617.94 $1,875.47 $740.47 $0.00 $2.00 $0.00 $0.00 $0.00 $72.00 $74.00 $2,543.94
12 0 12 0 0 0 $2,617.94 $1,875.47 $740.47 $0.00 $2.00 $0.00 $0.00 $0.00 $72.00 $74.00 $2,543.94
CITY OF ELK RIVER
INVOICE SUMMARY
Detail for February 2026
Page 19 of 29
Source Company Loan #Address TOTAL AMOUNT
RECEIVED
PRINCIPAL
RECEIVED
INTEREST
RECEIVED
LATE FEES AND
OTHER FEES
RECEIVED
3RD PARTY FEES
COLLECTED
ELK RIVER 19-015204 1420 5TH ST NW
19-015209 609 GATES AVE NW
19-015217 1811 MAIN ST
19-016564 403 3RD ST NW
23-029012 18990 TWIN LAKES RD NW
23-029085 17931 GARY ST NW
23-029618 13366 181ST LN NW
24-032189 14270 191ST AVE NW
24-033299 17812 CONCORD CT NW
25-039214 18471 TROTT BROOK PKWY NW
25-040378 11137 167TH AVE NW
25-041322 9624 209TH AVE NW
Grand Total
$208.04 $202.93 $5.11 $0.00 $0.00
$187.63 $179.33 $8.30 $0.00 $0.00
$162.79 $118.31 $44.48 $0.00 $0.00
$154.43 $133.89 $20.54 $0.00 $0.00
$260.00 $158.99 $101.01 $0.00 $0.00
$306.00 $226.04 $79.96 $0.00 $0.00
$178.00 $121.65 $55.35 $0.00 $1.00
$142.69 $82.99 $59.70 $0.00 $0.00
$258.90 $150.56 $108.34 $0.00 $0.00
$240.66 $223.18 $17.48 $0.00 $0.00
$258.90 $141.44 $117.46 $0.00 $0.00
$259.90 $136.16 $122.74 $0.00 $1.00
$2,617.94 $1,875.47 $740.47 $0.00 $2.00
CITY OF ELK RIVER
PAYMENT BREAKDOWN PER LOAN
Detail for February 2026
Page 20 of 29
Loan #Address
2025
Q1
March
Q2
April May June
Q3
July August September
Q4
October November December
2026
Q1
January February
19-015215 606 JEFFERSON LN NW
19-015204 1420 5TH ST NW
19-015209 609 GATES AVE NW
19-015217 1811 MAIN ST
19-016564 403 3RD ST NW
23-029012 18990 TWIN LAKES RD NW
23-028654 13222 179 1/2 AVE NW
23-029085 17931 GARY ST NW
23-029618 13366 181ST LN NW
24-032189 14270 191ST AVE NW
24-033299 17812 CONCORD CT NW
25-039214 18471 TROTT BROOK PKWY NW
25-040378 11137 167TH AVE NW
25-041322 9624 209TH AVE NW
Grand Total
$747.03 $173.14$364.75$556.12 $0.00
$4,411.49 $3,813.92$4,013.44$4,212.82 $3,212.56$3,413.35$3,613.72 $2,607.22$2,809.48$3,011.12 $2,201.78$2,404.71
$5,326.56 $4,799.37$4,975.38$5,151.37 $4,268.51$4,445.76$4,622.59 $3,733.66$3,912.45$4,090.53 $3,375.42$3,554.75
$13,489.39 $13,144.29$13,259.23$13,375.30 $12,795.48$12,911.66$13,027.42 $12,441.44$12,560.36$12,677.39 $12,205.25$12,323.56
$7,364.30 $6,973.95$7,104.25$7,234.89 $6,579.64$6,711.27$6,842.45 $6,180.64$6,314.31$6,446.84 $5,913.32$6,047.21
$31,305.94 $30,840.01$30,994.71$31,152.29 $30,369.34$30,525.64$30,681.40 $29,890.61$30,051.81$30,209.18 $29,573.16$29,732.15
$29,935.46 $29,335.27$29,534.93$29,737.16 $28,728.96$28,930.68$29,131.71 $0.00$28,523.41
$25,767.26 $25,106.84$25,326.80$25,548.80 $24,439.70$24,661.92$24,883.38 $23,763.18$23,990.31$24,214.05 $23,311.87$23,537.91
$19,142.21 $18,126.46$18,262.42$18,700.94 $17,405.25$17,555.23$18,003.93 $16,979.30$17,119.26$17,119.26 $16,715.33$16,836.98
$18,396.61 $18,153.21$18,233.95$18,316.42 $17,907.32$17,988.90$18,070.20 $17,657.01$17,741.37$17,823.51 $17,491.31$17,574.30
$33,381.35 $32,939.72$33,086.22$33,235.85 $32,493.60$32,641.61$32,789.12 $32,039.44$32,192.50$32,341.53 $31,738.83$31,889.39
$8,151.00 $7,509.76$7,721.65$7,935.35 $6,854.30$7,081.00$7,290.49 $6,421.26$6,644.44
$34,715.62$34,848.50$34,848.50 $34,433.22$34,574.66
$34,863.84$35,000.00
$189,267.60 $191,557.18$185,156.08$187,221.96 $185,710.12$187,507.67$189,601.27 $186,862.42$188,621.35$218,595.81 $218,244.59$220,120.06
CITY OF ELK RIVER
TRIAL BALANCE REPORT
Monthly Detail
Page 21 of 29
2025
Q1 Q2 Q3 Q4
2026
Q1
MarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruary0
6
12
Number of Active Loans11 11 11
12 12
11 11
12 12
11
12 12
CITY OF ELK RIVER
TOTAL LOAN COUNT
Monthly Detail
Page 22 of 29
2025
Q1 Q2 Q3 Q4
2026
Q1
MarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruary0
1
2
COUNT OF NEW LOANS ADDED000100010010CITY OF ELK RIVER
NEW LOAN COUNT
Monthly Detail
Page 23 of 29
2025
Q1 Q2 Q3 Q4
2026
Q1
MarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruary$0.00
$100,000.00
$200,000.00
Unpaid Principal Balance$189,267.60$187,221.96$185,156.08$191,557.18$189,601.27$187,507.67$185,710.12$218,595.81$188,621.35$186,862.42$220,120.06$218,244.59CITY OF ELK RIVER
TRIAL BALANCE
Monthly Detail in USD
Page 24 of 29
2025
Q1
March
Q2
April May June
Q3
July August September
Q4
October November December
2026
Q1
January February
ELK RIVER 19-015204 1420 5TH ST NW
19-015209 609 GATES AVE NW
19-015215 606 JEFFERSON LN NW
19-015217 1811 MAIN ST
19-016564 403 3RD ST NW
23-028654 13222 179 1/2 AVE NW
23-029012 18990 TWIN LAKES RD NW
23-029085 17931 GARY ST NW
23-029618 13366 181ST LN NW
24-032189 14270 191ST AVE NW
24-033299 17812 CONCORD CT NW
25-039214 18471 TROTT BROOK PKWY NW
25-040378 11137 167TH AVE NW
25-041322 9624 209TH AVE NW
Grand Total
$208.04 $208.04$208.04$208.04 $208.04$208.04$208.04 $208.04$208.04$208.04 $208.04$208.04
$187.63 $187.63$187.63$187.63 $187.63$187.63$187.63 $187.63$187.63$187.63 $187.63$187.63
$192.33 $192.33$192.33$192.33 $173.42
$162.79 $162.79$162.79$162.79 $162.79$162.79$162.79 $162.79$162.79$162.79 $162.79$162.79
$154.43 $154.43$154.43$154.43 $154.43$154.43$154.43 $154.43$154.43$154.43 $154.43$154.43
$300.00 $300.00$300.00$300.00 $300.00$300.00$300.00 $28,639.09$300.00
$260.00 $260.00$260.00$260.00 $260.00$260.00$260.00 $260.00$260.00$260.00 $260.00$260.00
$306.00 $306.00$306.00$306.00 $306.00$306.00$306.00 $306.00$306.00$306.00 $306.00$306.00
$501.00 $201.00$501.00$501.00 $201.00$501.00$201.00 $201.00$0.00$402.00 $178.00$201.00
$142.69 $142.69$142.69$142.69 $142.69$142.69$142.69 $142.69$142.69$142.69 $142.69$142.69
$258.90 $258.90$258.90$258.90 $258.90$258.90$258.90 $258.90$258.90$258.90 $258.90$258.90
$0.00 $240.66$240.66$240.66 $240.66$240.66$240.66 $240.66$240.66
$258.90$0.00$258.90 $258.90$258.90
$259.90$0.00
$2,673.81 $2,373.81$2,673.81$2,673.81 $2,422.14$2,722.14$2,595.56 $2,381.04$30,560.23$2,882.04 $2,617.94$2,381.04
CITY OF ELK RIVER
PAYMENT COLLECTION PER LOAN
Monthly Detail
Page 25 of 29
2025
Q1 Q2 Q3 Q4
2026
Q1
MarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruary$20,000.00
TOTAL PAYMENTS COLLECTED$2,673.81$2,673.81$2,673.81$2,373.81$2,595.56$2,722.14$2,422.14$30,560.23$2,882.04$2,381.04$2,381.04$2,617.94CITY OF ELK RIVER
TOTAL PAYMENT COLLECTION (USD)
Monthly Detail
Page 26 of 29
2025
Q1 Q2 Q3 Q4
2026
Q1
MarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruary$20,000.00
PRINCIPAL RECEIVED$2,086.30$2,045.64$2,065.88$1,749.90$1,955.91$2,093.60$1,797.55$29,974.46$2,114.31$1,758.93$1,742.36$1,875.47CITY OF ELK RIVER
TOTAL PRINCIPAL COLLECTION (USD)
Monthly Detail
Page 27 of 29
2025
Q1 Q2 Q3 Q4
2026
Q1
MarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruary$0.00
$400.00
$800.00
INTEREST RECEIVED$586.51$627.17$606.93$622.91$638.65$627.54$623.59$765.73$582.62$621.11$637.68$740.47CITY OF ELK RIVER
TOTAL INTEREST COLLECTION(USD)
Monthly Detail
Page 28 of 29
Source
Company Loan #Address DAYS PAST DUE AMOUNT DUE
30+ DAYS
TOTAL AMOUNT
DUE
ELK RIVER 19-015204 1420 5TH ST NW
19-015209 609 GATES AVE NW
19-015217 1811 MAIN ST
19-016564 403 3RD ST NW
23-029012 18990 TWIN LAKES RD NW
23-029085 17931 GARY ST NW
23-029618 13366 181ST LN NW
24-032189 14270 191ST AVE NW
24-033299 17812 CONCORD CT NW
25-039214 18471 TROTT BROOK PKWY NW
25-040378 11137 167TH AVE NW
25-041322 9624 209TH AVE NW
Grand Total
0 $0.00 $0.00
0 $0.00 $0.00
0 $0.00 $0.00
0 $0.00 $0.00
0 $0.00 $0.00
0 $0.00 $0.00
0 $0.00 $0.00
0 $0.00 $0.00
0 $0.00 $0.00
0 $0.00 $0.00
0 $0.00 $0.00
0 $0.00 $0.00
0 $0.00 $0.00
CITY OF ELK RIVER
AGING DELINQUENCY
Detail for February 2026
Page 29 of 29