Housing and Redevelopment Authority Packet - July 6, 2026
Housing and Redevelopment
Authority
Regular Meeting
&
Work Session
Agenda
Monday, July 6, 2026
5:30 PM
Elk River City Hall
▪ Regular meeting in Council Chambers
▪ Work 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 - June 1, 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 Placer.ai Updates
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. WORK SESSION
Work Sessions are less formal meetings to encourage dialog. Official action or votes are not typically taken. At the
conclusion of a discussion, a simple consensus provides staff direction for execution of the item. This portion of the agenda
is audio recorded but not video recorded or broadcast. Work Sessions are open to the public; however, visitors who wish
to provide input must be invited by the presiding officer, assume a seat at the discussion table and provide their full name
and address for the official record.
Page 1 of 44
The Elk River Vision
A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community
engagement that encourages and inspires prosperity
9.1 Review Agreement with Elk River Municipal Utilities for Downtown Coordination
10. MOTION TO ADJOURN
Page 2 of 44
Meeting of the Housing and
Redevelopment Authority
Held at the Elk River City Hall
Monday, June 1, 2026
Members Present: Chair Nate Ovall, Commissioner John Dietz, Commissioner Lynn Caswell,
Commissioner Mel Beaudry
Members Absent: Commissioner Dave Klutch
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 5:30 p.m.
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 4-0.
4. CONSENT AGENDA
Moved by Commissioner Dietz and seconded by Commissioner Beaudry to approve the
following consent items as outlined in their respective staff reports. Motion carried 4-0.
4.1 DRAFT Minutes - May 4, 2026
4.2 Check Register
4.3 Balance Sheet
4.4 Revenue/Expenditure Reports
5. OPEN FORUM
No one appeared for open forum.
6. GENERAL BUSINESS
Page 3 of 44
Housing and Redevelopment Authority Minutes
June 1, 2026
---------
Page 2 of 4
6.1 Housing Rehabilitation Loan Program Update
Mr. Mollan gave an update on the Housing Rehabilitation Loan Progam stating no new loans were
submitted this period.
Chair Ovall asked about two loans that did not show payment in April. Mr. Mollan stated the two
overpaid and then did not pay. The Center for Energy and Environment (CEE) does not view these as
delinquent.
7. OPEN DISCUSSION
Mr. Mollan stated that the flower baskets have gone up downtown. The Garden Gem award
nomination period went live on May 1 and a rural category has been added this year.
Mr. Mollan stated that the downtown parking lot reconstruction has begun with a proposed 45 day
construction window. The Downtown Elk River Business Association (DERBA) red Adirondack chair
located downtown will need to be moved. New location options include Rivers Edge Commons, the
area in the downtown parking lot where a future restroom may go, or the chair could be stored by
Plants and Things until the construction is completed.
Mr. Mollan stated a letter has been sent to resident Joe John in regard to his property.
Mr. O'Neil added that the downtown parking lot project includes three parking stalls totaling 600-700
square feet that could potentially be used as a future restroom site. In the meantime, the site could be
used for picnic tables, the red Adirondack chair, or other uses.
Mr. O'Neil discussed the renewal of the Placer.ai contract. The EDA pays for 2/3 of the cost
(approximately $11,000) and the HRA 1/3 ($5,000). The renewal will come to the July check register
unless the HRA objects.
Chair Ovall asked if the fee was the same as last year. Mr. O'Neil stated that historically Placer.ai has
increased their fee 5% each year. This year, Mr. O'Neil negotiated with Placer.ai to get a higher tier of
features included with the 5% increase.
Chair Ovall asked if there are other AI programs that might be cheaper. Mr. O'Neil stated Placer.ai is
data intensive and there is a discount for being a city user. Typical clientele are brokers or franchise
entities and cities are not as profitable using the data.
Chair Ovall stated part of the rationale for getting Placer.ai was to aid in attracting investors and giving
them tangible data. Mr. O'Neil stated the city has used Placer.ai for some properties downtown and
King Ave. A new feature includes a hospitality report.
The Commission was interested in seeing a demonstration of Placer.ai during a future HRA work
session.
Mr. O'Neil stated ISD 728 is trying to create a staging area to construct Habitat for Humanity homes in
the parking lot of the High School. In addition, Habitat for Humanity has been looking for a property in
Elk River to use for these houses, but progress has been slow.
Page 4 of 44
Housing and Redevelopment Authority Minutes
June 1, 2026
---------
Page 3 of 4
Commissioner Dietz asked if the school district has a goal of building and locating the home in the next
school year. Mr. O'Neil stated that was the intent of ISD 728 and they are hoping to find a lot by
August. Commissioner Dietz asked if Habitat for Humanity was looking for the city to find a site or
finding a site themselves. Mr. O'Neil stated that both entities are trying to locate a property. Mr. O'Neil
stated that Statewide Affordable Housing Aid (SAHA) funds could be used.
Commissioner Dietz asked if the home would go to a family in Elk River. Mr. O'Neil stated, as financial
contributors, the HRA may be able to add conditions to the agreement when giving SAHA funds to
Habitat for Humanity and he would research to confirm.
Commissioner Beaudry asked about the redevelopment of the downtown parking lot. Mr. O'Neil
reviewed that the intent of the construction company was to balance open parking spots versus getting
the project done as quickly as possible.
8. MOTION TO ADJOURN REGULAR MEETING
Moved by Commissioner Caswell and seconded by Commissioner Dietz to adjourn the
meeting. Motion carried 4-0.
The regular meeting adjourned at 5:49 p.m. Chair Ovall called the work session to order at 5:51 p.m.
9. CLOSED MEETING
HRA Present: Chair Nate Ovall, Comissioners Mel Beaudry, Lynn Caswell, and John Dietz
HRA Absent: Commissioner Dave Klutch
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:
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 75-00405-1120, 616 Railroad Dr NW
▪ PID 75-00405-1125, 611 4th St
▪ PID 75-00405-1135, 612 Railroad Dr NW
▪ PID 75-00405-1140, 331 Irving Ave NW
▪ PID 75-00405-1145, 315 Irving Ave NW
▪ PID 75-00405-1150, 600 Railroad Dr NW
Page 5 of 44
Housing and Redevelopment Authority Minutes
June 1, 2026
---------
Page 4 of 4
▪ PID 75-00405-1155, 618 Railroad Dr NW
9.2 Motion Calling Closed Meeting
9.3 Hold Closed Meeting
9.4 Motion to Adjourn Closed Meeting
Commissioner Dietz left at 6:24 p.m.
Mr. Mollan left at 6:31 p.m.
Moved by Commissioner Beaudry and seconded by Commissioner Caswell to adjourn the
meeting. Motion carried 3-0.
The meeting adjourned at 6:32 p.m.
Minutes prepared by Katie Porath.
_________________
Nate Ovall, Chair
_____________________
Justin Dunford, City Clerk
Page 6 of 44
Page 7 of 44
Page 8 of 44
CITY OF ELK RIVER
Balance Sheet
June 30, 2026
Fund 910 - HRA
Assets
910-1000 Cash - HRA 1,658,919.29
910-1190 Loans Receivable 212,193.37
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 2,414,342.64
Fund Equity
910-2400 Fund Balance 2,464,862.29
Revenues over Expenditures - YTD (50,519.65)
Total Fund Equity 2,414,342.64
Total Liabilities & Equity 2,414,342.64
Page 9 of 44
CITY OF ELK RIVER
Revenues with Comparison to Budget
For the Month Ending June 30, 2026
Fund 910 - HRA
Period Actual YTD Actual Budget Unearned PCNT
910-3-0000-3111 Property Taxes - - 469,450.00 (469,450.00) 0%
910-3-0000-3621 Interest Income 549.13 26,509.03 40,000.00 (13,490.97) 66%
910-3-0000-3629 Miscellaneous Revenue (6,372.75) - - - 0%
Total Fund Revenue (5,823.62) 26,509.03 509,450.00 (482,940.97) 5%
Page 10 of 44
CITY OF ELK RIVER
Expenditures with Comparison to Budget
For the Month Ending June 30, 2026
Fund 910 - HRA
Period Actual YTD Actual Budget Unearned PCNT
910-4-6100-4101 Regular Pay 6,937.08 33,991.69 92,000.00 (58,008.31) 37%
910-4-6100-4103 Part-time Pay 375.00 1,875.00 4,500.00 (2,625.00) 42%
910-4-6100-4104 PERA 520.28 2,548.57 6,950.00 (4,401.43) 37%
910-4-6100-4105 FICA 430.10 2,117.27 6,000.00 (3,882.73) 35%
910-4-6100-4107 Medicare 100.59 494.96 1,400.00 (905.04) 35%
910-4-6100-4108 Insurance 1,008.00 5,040.00 20,750.00 (15,710.00) 24%
910-4-6100-4109 Workers Comp - 174.00 450.00 (276.00) 39%
910-4-6100-4112 PFML 32.56 161.61 500.00 (338.39) 32%
910-4-6100-4201 Office Supplies - 82.30 100.00 (17.70) 82%
910-4-6100-4219 Operating Supplies - 5,932.00 - 5,932.00 0%
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 - 6,598.00 9,750.00 (3,152.00) 68%
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 3,073.14 18,013.28 27,000.00 (8,986.72) 67%
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 12,476.75 77,028.68 509,450.00 (432,421.32) 15%
Net Revenue Over Expenditures (18,300.37) (50,519.65) - (50,519.65) 0%
Page 11 of 44
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
July 6, 2026
Prepared By
Brent O'Neil, Economic Development Director
Item Description
Placer.ai Updates
Reviewed by
Cal Portner
Action Requested
Receive presentation.
Background/Discussion
Following the Authority's discussion on Placer.ai in May, we plan to present data generated by the Placer tool.
Financial Impact
N/A
Mission/Policy/Goal
Support the growth and development of the community.
Attachments
1. HRA Placer Presentation 07-06-2026 Clean
Page 12 of 44
Placer.ai
Update
HRA 7-6-26
Page 13 of 44
Leakage
Report
2025
Page 14 of 44
Leakage
Store 2025 Residents
Target – Otsego 21,000
Costco – Coon Rapids 9,500
Coborn’s – Otsego 9,100
Target – Rogers 8,900
Aldi – Otsego 8,000
Retail
Page 15 of 44
Leakage
Fast Food &
Quick Serve
Store 2025 Residents
Raising Cane’s – Coon Rapids 6,300
Chick-fil-A – Coon Rapids 5,900
Raising Cane’s – Maple Grove 5,200
Chick-fil-A – Maple Grove 4,800
McDonald’s – Rogers 4,700
Page 16 of 44
Downtown
Analysis
Page 17 of 44
Downtown Analysis
January February March April May June July August September October November December
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
Downtown Monthly Out-of-Market Visits
2019 2020 2021 2022 2023 2024 2025 2026
Page 18 of 44
Downtown Analysis
Top 10 visitation dates
Date Visits Event
Fri, October 24 6,110 Trick or Treat
Thurs, July 17 4,460 FM/RCS: ABBASolutely Fab
Thurs, July 3 4,150 FM/RCS: Skitzo Fonik
Thurs, July 10 4,080 FM/RCS: Legacy of the Loud
Thurs, July 24 4,070 FM/RCS: Gen X Jukebox
Thurs, August 7 3,720 FM/RCS: Memories of Elvis
Sat, September 20 3,610 Thumbs Up 5K
Sat, November 8 3,550 Wine, Women, Shopping
Thurs, August 28 3,470 FM
Thurs, August 14 3,440 FM/RCS: Fabulous Armadillos
Page 19 of 44
Workforce
Analysis
Page 20 of 44
Workforce Analysis
Page 21 of 44
Workforce Analysis
Page 22 of 44
Workforce Analysis
Page 23 of 44
Workforce Analysis
Page 24 of 44
Travel and
Tourism
Report
Page 25 of 44
Travel and Tourism Report
Page 26 of 44
Travel and Tourism Report
Page 27 of 44
Questions or
Requests?
Page 28 of 44
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
July 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.
No new loans have been closed during this period, and $115,000 remains available for new loan
disbursements in 2026.
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 29 of 44
CEE Monthly Loan Activity Summary
7/6/26
Page 30 of 44
Data Set: June 1st, 2026
CITY OF ELK RIVER
LOAN SERVICING REPORT
May 2026
Page 31 of 44
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 32 of 44
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 $2,640.84 $1,836.11 $802.73 $0.00 $2.00 $0.00 $0.00 $0.00 $72.00 $74.00 $2,566.84
12 0 12 0 0 0 $2,640.84 $1,836.11 $802.73 $0.00 $2.00 $0.00 $0.00 $0.00 $72.00 $74.00 $2,566.84
CITY OF ELK RIVER
INVOICE SUMMARY
Detail for May 2026
Page 33 of 44
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 $204.36 $3.68 $0.00 $0.00
$187.63 $180.82 $6.81 $0.00 $0.00
$162.79 $121.00 $41.79 $0.00 $0.00
$154.43 $149.41 $5.02 $0.00 $0.00
$260.00 $163.85 $96.15 $0.00 $0.00
$306.00 $230.88 $75.12 $0.00 $0.00
$201.00 $93.03 $106.97 $0.00 $1.00
$142.69 $85.75 $56.94 $0.00 $0.00
$258.90 $155.58 $103.32 $0.00 $0.00
$240.66 $219.68 $20.98 $0.00 $0.00
$258.90 $146.67 $112.23 $0.00 $0.00
$259.80 $85.08 $173.72 $0.00 $1.00
$2,640.84 $1,836.11 $802.73 $0.00 $2.00
CITY OF ELK RIVER
PAYMENT BREAKDOWN PER LOAN
Detail for May 2026
Page 34 of 44
Loan #Address
2025
Q2
June
Q3
July August September
Q4
October November December
2026
Q1
January February March
Q2
April May
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
$173.14 $0.00
$3,813.92 $3,212.56$3,413.35$3,613.72 $2,607.22$2,809.48$3,011.12 $1,997.97$2,201.78$2,404.71 $1,589.81$1,794.17
$4,799.37 $4,268.51$4,445.76$4,622.59 $3,733.66$3,912.45$4,090.53 $3,194.91$3,375.42$3,554.75 $2,833.92$3,014.74
$13,144.29 $12,795.48$12,911.66$13,027.42 $12,441.44$12,560.36$12,677.39 $12,082.26$12,205.25$12,323.56 $11,842.08$11,963.08
$6,973.95 $6,579.64$6,711.27$6,842.45 $6,180.64$6,314.31$6,446.84 $1,977.03$5,913.32$6,047.21 $1,682.10$1,831.51
$30,840.01 $30,369.34$30,525.64$30,681.40 $29,890.61$30,051.81$30,209.18 $29,403.91$29,573.16$29,732.15 $29,079.95$29,243.80
$29,335.27 $28,728.96$28,930.68$29,131.71 $0.00$28,523.41
$25,106.84 $24,439.70$24,661.92$24,883.38 $23,763.18$23,990.31$24,214.05 $23,077.40$23,311.87$23,537.91 $22,618.92$22,849.80
$18,126.46 $17,405.25$17,555.23$18,003.93 $16,979.30$17,119.26$17,119.26 $16,268.46$16,715.33$16,836.98 $16,175.43$16,268.46
$18,153.21 $17,907.32$17,988.90$18,070.20 $17,657.01$17,741.37$17,823.51 $17,402.30$17,491.31$17,574.30 $17,232.97$17,318.72
$32,939.72 $32,493.60$32,641.61$32,789.12 $32,039.44$32,192.50$32,341.53 $31,577.31$31,738.83$31,889.39 $31,270.11$31,425.69
$8,151.00 $7,509.76$7,721.65$7,935.35 $6,854.30$7,081.00$7,290.49 $6,198.19$6,421.26$6,644.44 $5,761.62$5,981.30
$34,715.62$34,848.50$34,848.50 $34,279.98$34,433.22$34,574.66 $33,990.87$34,137.54
$34,460.29$34,863.84$35,000.00 $34,375.21$34,460.29
$191,557.18 $185,710.12$187,507.67$189,601.27 $186,862.42$188,621.35$218,595.81 $211,920.01$218,244.59$220,120.06 $208,452.99$210,289.10
CITY OF ELK RIVER
TRIAL BALANCE REPORT
Monthly Detail
Page 35 of 44
2025
Q2 Q3 Q4
2026
Q1 Q2
JuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryMarchAprilMay0
6
12
Number of Active Loans12 12
11 11
12 12
11
12 12 12 12 12
CITY OF ELK RIVER
TOTAL LOAN COUNT
Monthly Detail
Page 36 of 44
2025
Q2 Q3 Q4
2026
Q1 Q2
JuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryMarchAprilMay0
1
2
COUNT OF NEW LOANS ADDED100010010000CITY OF ELK RIVER
NEW LOAN COUNT
Monthly Detail
Page 37 of 44
2025
Q2 Q3 Q4
2026
Q1 Q2
JuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryMarchAprilMay$0.00
$100,000.00
$200,000.00
Unpaid Principal Balance$191,557.18$189,601.27$187,507.67$185,710.12$218,595.81$188,621.35$186,862.42$220,120.06$218,244.59$211,920.01$210,289.10$208,452.99CITY OF ELK RIVER
TRIAL BALANCE
Monthly Detail in USD
Page 38 of 44
2025
Q2
June
Q3
July August September
Q4
October November December
2026
Q1
January February March
Q2
April May
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 $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 $3,955.43$154.43$154.43 $154.43$154.43
$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
$201.00 $201.00$501.00$201.00 $201.00$0.00$402.00 $501.00$178.00$201.00 $201.00$0.00
$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$240.66 $240.66$240.66
$258.90$0.00$258.90 $258.90$258.90$258.90 $258.90$258.90
$562.00$259.90$0.00 $259.80$0.00
$2,373.81 $2,422.14$2,722.14$2,595.56 $2,381.04$30,560.23$2,882.04 $7,044.04$2,617.94$2,381.04 $2,640.84$2,180.04
CITY OF ELK RIVER
PAYMENT COLLECTION PER LOAN
Monthly Detail
Page 39 of 44
2025
Q2 Q3 Q4
2026
Q1 Q2
JuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryMarchAprilMay$20,000.00
TOTAL PAYMENTS COLLECTED$2,373.81$2,595.56$2,722.14$2,422.14$30,560.23$2,882.04$2,381.04$2,381.04$2,617.94$7,044.04$2,180.04$2,640.84CITY OF ELK RIVER
TOTAL PAYMENT COLLECTION (USD)
Monthly Detail
Page 40 of 44
2025
Q2 Q3 Q4
2026
Q1 Q2
JuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryMarchAprilMay$20,000.00
PRINCIPAL RECEIVED$1,749.90$1,955.91$2,093.60$1,797.55$29,974.46$2,114.31$1,758.93$1,742.36$1,875.47$6,324.58$1,630.91$1,836.11CITY OF ELK RIVER
TOTAL PRINCIPAL COLLECTION (USD)
Monthly Detail
Page 41 of 44
2025
Q2 Q3 Q4
2026
Q1 Q2
JuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryMarchAprilMay$0.00
$400.00
$800.00
INTEREST RECEIVED$622.91$638.65$627.54$623.59$765.73$582.62$621.11$637.68$740.47$715.46$549.13$802.73CITY OF ELK RIVER
TOTAL INTEREST COLLECTION(USD)
Monthly Detail
Page 42 of 44
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 May 2026
Page 43 of 44
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
9.1
Meeting Date
July 6, 2026
Prepared By
Brent O'Neil, Economic Development Director
Item Description
Review Agreement with Elk River Municipal Utilities
for Downtown Coordination
Reviewed by
Cal Portner
Action Requested
Discuss and provide direction.
Background/Discussion
Elk River Municipal Utilities (ERMU) has provided various support and services to the Downtown Elk River
Business Association, the EDA and HRA, primarily for utilizing streetlight poles and hanging decorations.
These services have been provided based on an informal arrangement, and ERMU has requested to formalize
that relationship in writing. We have received a draft proposal from ERMU and will discuss some of the
components ahead of bringing a final agreement forward.
Financial Impact
N/A
Mission/Policy/Goal
Ethical, efficient, and responsible.
Attachments
None
Page 44 of 44