3.1 EDA MINUTES 06-04-2012 - Laserfiche WebLink

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Housing&Redevelopment Authority Page 2 June 4,2012 1/4 of the loan can be forgivable in the last 7 years of compliance. Ms.Hemmesch noted that applications are due July 11th and loans will be awarded August 27th. Chair Wilson asked how CM P protects itself. Ms.Hemmesch stated that the loans are 2 or 3td place mortgages. Commissioner Lieser asked how the program is being advertised. Ms.Hemmesch stated that the information was sent out to all property managers on mailing list CMHP keeps. Also,the information was sent to prior applicants who did not receive an award and a press release was placed in the County newspapers. Ms.Hemmesch stated that more presentations such as this one will be made in other communities. Commissioner Kuester asked where the money goes that is paid back Ms.Hemmesch stated that it goes back into the state-allocated fund and then can be re-allocated in future programs. Chair Wilson asked how the HRA can help. Ms.Hemmesch stated they can help by getting the word out to rental property owners. Ms.Hemmesch stated that similar programs have been used in Elk River and Sherburne County,byDominium Group,Brutger Companies,etc. Commissioner Toth asked if this information could be incorporated into the housing study. Ms.Deckert stated that Maxfield is doing the housing study and staff could ask them to convey this information to property owners when contacting them. Chair Wilson stated that he felt it was a good program and he hoped that Elk River rental property owners will take advantage of it. 6. Main Street Parking Plaza Update Ms.Deckert provided an update on the Main Street Parking Plaza project. She stated that there are over 50 emails being sent via Constant Contact to update downtown businesses and property owners on construction progress. Ms.Deckert stated that they are on track for opening the Farmer's Market on June 28th,and that construction is to be completed by June 22nd. She stated the Farmer's Market will be held on Thursdays from 2—6 p.m. Commissioner Toth questioned what sort of confusion it was that Ms.Deckert referred to in the email updates. Ms.Deckert explained that CenturyLink was doing some upgrades and some of the downtown businesses may have been getting some incorrect information in speaking with Century Link workers. Ms.Deckert referred the Commission to the attachment in the packet which shows 369 public parking spots in the downtown. She noted that concern has been expressed regarding the need to sign all public parking areas. Chair Wilson asked if it appears the parking behind the businesses,such as Daddy O's is being utilized. Ms.Deckert stated that it appears to be full at lunch time. She noted that a sign will be placed to designate this lot as "public parking". Commissioner Toth stated that he is aware the downtown task force has discussed public parking signage and Chris Leeseberg is working on this.