08-04-2008 HRA MINMEETING OF THE ELK RIVER
HOUSING AND REDEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, AUGUST 4, 2008
Members Present: Chair Wilson, Commissioners Lieser, Toth and Moon
Members Absent: Commissioner Kuester
Staff Present: Community Development Director Jeff Gongoll, Director of Economic
Development Catherine Mehelich, Finance Director Tim Simon, and
Recording Secretary Jessica Miller
1. Call Meeting To Order
Pursuant to due call and notice thereof, the meeting of the Elk River Housing and
Redevelopment Authority was called to order at 5:30 p.m. by Chair Wilson.
2. Consider HRA Agenda
MOVED BY COMMISSIONER TOTH AND SECONDED BY COMMISSIONER
MOTIN TO APPROVE THE AUGUST 4, 2008, HRA AGENDA AS PRESENTED.
MOTION CARRIED 4-0.
3. Consider Consent Agenda
MOVED BY COMMISSIONER MOTIN AND SECONDED BY
COMMISSIONER TOTH TO APPROVE THE CONSENT AGENDA AS
FOLLOWS:
3.1. JULY 7, 2008 REGULAR MEETING MINUTES
3.2. CHECK REGISTER
3.3. BALANCE SHEET
3.4. REVENUE/EXPENDITURE REPORT
MOTION CARRIED 4-0.
4. Mike
There was no one present for Open Mike.
5. Consider Year 2009 HRA Budget and Resolution Regarding Tax Levy
Ms. Mehelich stated that the 2009 HRA budget is similar to past years' budgets. She
provided a summary of the budget and reviewed highlights in revenues and expenditures as
outlined in the staff report.
Ms. Mehelich explained that in 2008, the legislature increased the maximum operating levy
of HRAs from 0.0144% of market value to 0.0185% of taxable market value so the HRA
may wish to consider what rate the to levy at for 2009.
Housing & Redevelopment authority
August 4, 2008
Page 2
Discussion took place on the levy change and the consensus of the HRA was to keep the
levy percentage at 0.014.4%.
MOVED BY COMMISSIONER TOTH AND SECONDED BY COMMISSIONER
LIESER TO APPROVE THE 2009 BUDGET AS PRESENTED. MOTION
CARRIED 4-0.
MOVED BY COMMISSIONER MOTIN AND SECONDED BY
COMMISSIONER LIESER TO ADOPT RESOLUTION 08-01 ESTABLISHING
THE TAX LEVY FOR THE ELB RIVER HOUSING AND REDEVELOPMENT
AUTHORITY AT 0.0144% FOR COLLECTION IN 2009. MOTION
CARRIED 4-0.
Mr. Simon outlined the draft fund balance polity for the HRA. He explained the purpose of
the polity is to have a purpose for undesignated funds. He noted the Council has a similar
polity in place:
Commissioner Morin expressed concern with wording included in the last paragraph and
questioned if that paragraph is essential. Mr. Simon indicated the last paragraph could be
removed.
Commissioner Toth questioned if the funds are invested. Mr. Simon explained the cash
balance is pooled with the City and invested.
MOVED BY COMMISSIONER MOTIN AND SECONDED BY
COMMISSIONER TOTH TO APPROVE THE FUND BALANCE
DESIGNATION POLICY FOR THE HRA FUND WITH THE REMOVAL OF
THE LAST PARAGRAPH. MOTION CARRIED 4-0.
6. Other Business
Ms. Mehelich distributed the June downtown parking study. She indicated that staff will
share the results with the River's Edge Downtown Group.
Commissioner Motin questioned if staff has received updates on the Bluffs from Stephanie
Danielson. Ms. Mehelich indicated that staff is in contact with Minnwest Bank and they
stated they have a party interested in the space formerly held by Studi02 gym and also in the
condos. The bank indicated they anticipate having signed purchase agreements soon.
Adjournment
There being no other business, Chair Wilson adjourned the meeting. The meeting of the Elk
River Housing and Redevelopment Authority adjourned at 6:00 p.m.
Minutes prepared by Jessica Miller.
vi....
Tina Allard, City Clerk