08-02-2010 HRA MIN - Laserfiche WebLink

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Housing & Redevelopment Authority Page 2 August 2, 2010 ----------------------------- Chair Wilson stated that both buildings are in need of paint, noting that previous sign • lettering is starting to show through. Commissioner Toth concurred. Ms. Mehelich stated that she would ask citymaintenance staff to repaint as needed. Commissioner Toth asked if HRA will be discussing improvements to the building with the Arts Alliance. Commissioner Motin stated that the Arts Alliance is considering moving to a different location. Chair Wilson stated that the Arts Alliance indicated theywould be doing a survey and would be getting back to the HRA in September or October. 6. Consider Downtown Buildings Contract for Deed Tim Simon provided background information regarding the HRA's contract for deed for the 716 and 720 Main Street properties. He discussed advantages of prepayment of the loan, noting a savings of $6,000 - 7,000. CommissionerMotin asked if there was anyreason not to payoff the loan. Ms. Mehelich stated that paying off the loan would mean the )=IIZA would have less cash available for other projects. COMMISSIONER TOTH AND SECONDED BY COMMISSIONER LIESER TO DIRECT STAFF TO WORK WITH THE HRA ATTORNEY TO PREPAY THE CONTRACT FOR DEED FOR THE PROPERTIES AT 716 AND 720 MAIN STREET . MOTION CARRIED 4-0. 7. Consider Year 2011 HRA Budget and Resolution Establishing HRA Levy Ms. Mehelich provided an overview of the 2010 revenues and expenditures. She explained • that the HRA has not levied the maximum amount allowed by state statute. Ms. Mehelich stated that athree-percent decrease in taxable property valuation was predicted for 2011. Staff recommended approval of the HIZA budget and resolution as detailed in the memo to the HRA dated August 2, 2010. Ms. Mehelich answered questions on various line items, including TIF 16 reimbursement and the downtown study. MOTION BY COMMISSIONER TOTH AND SECONDED BY COMMISSIONER MOTIN TO APPROVE THE 2011 HRA BUDGET AS PRESENTED. MOTION CARRIED 4-0. MOTION BY COMMISSIONER LIESER AND SECONDED BY COMMISSIONER TOTH TO APPROVE RESOLUTION N0.10-02, ESTABLISHING THE HRA TAX LEVY COLLECTION IN YEAR 2011. MOTION CARRIED 4-0. 8. Consider MN DEED Proposed Demolition Loan Program Ms. Mehelich explained that the proposed new program would provide funds to development authorities or cities for demolition activities on sites even when there is no immanent redevelopment opportunity or plan. She stated that if the HRA is interested in considering the program further, she would ask how they would like to proceed.