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HRA Minutes <br /> January 5,2004 <br /> Page 3 <br /> • 4M FUND <br /> • WELLS FARGO BANK <br /> • THE BANK OF ELK RIVER <br /> • USBANK <br /> MOTION CARRIED 5-0. <br /> Commissioner Motin asked if TCF Bank was interested in being a depository for the <br /> HRA. Executive Director Catherine Mehelich stated that she was not aware of TCF <br /> Bank being added to the list of depositories for the City of Elk River,but that she would <br /> check with the Finance Director to see if they have expressed an interest. <br /> e. Discussion of Bylaws and any Suggested Amendments <br /> Ms.Mehelich reviewed the proposed changes to the HRA Bylaw Sections 2.2 and 2.5 <br /> regarding moving the HRA meeting date to the 1st Monday of each month. <br /> COMMISSIONER THOMPSON AND SECONDED BY COMMISIONER <br /> TOTH MOVED TO APPROVE THE FOLLOWING AMENDMENT TO <br /> THE HOUSING AND REDEVELOPMENT AUTHORITY BYLAW <br /> SECTIONS 2.2 AND 2.5: <br /> 2.2.) ANNUAL MEETING- <br /> "THE ANNUAL MEETING OF THE AUTHORITY SHALL BE HELD AT <br /> THE PRINCIPAL OFFICE OF THE AUTHORITY ON THE FIRST <br /> MONDAY OF JANUARY AT 5:00 P.M.,OR SUCH OTHER LOCATION AS <br /> DESIGNATED IN THE NOTICE OF THE ANNUAL MEETING." <br /> 2.5.) REGULAR MEETINGS AND ORDER OF BUSINESS AT REGULAR <br /> MEETINGS-"REGULAR MEETINGS SHALL BE HELD BY THE <br /> AUTHORITY ON THE FIRST MONDAY OF EACH MONTH AT 5:00 P.M. <br /> AT THE PRINCIPAL OFFICE OF THE AUTHORITY,UNLESS <br /> OTHERWISE DESIGNATED,AND SHALL BE OPEN TO THE PUBLIC." <br /> MOTION CARRIED 5-0. <br /> 6.1. Update on Housing Work Plan <br /> Assistant Director of Economic Development Heidi Steinmetz explained that at the <br /> November HRA meeting,the HRA directed staff to resend the housing availability and <br /> affordability survey to the retail/service businesses. She noted that the results will be <br /> reported at the February 2004 meeting. <br /> 6.2. Update on Housing Programs <br /> Ms.Steinmetz explained the Minnesota Housing Finance Agency's (MHFA)Minnesota City <br /> Participation Program(MCPP). She noted that the Elk River HRA has not participated in <br /> the program since 1996,however,Sherburne County has applied and been awarded an <br /> allocation for the last several years. The funds that the County receives are equally disbursed <br /> to all cities within Sherburne County. Therefore,staff does not recommend a separate city <br /> • application. <br />