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/f,, °r �'_�: ' r'' ,. . a t U I G <br /> REDEVELOPMENT <br /> IL AUT lOPffY <br /> The Economic Development Department is <br /> committed to assisting the community in increasing <br /> home values, strengthening neighborhoods through Elk <br /> reinvestment and encouraging energy efficiency. River <br /> YEAR-END ACT fifY SUMMARY 2013 <br /> • The HRA began the implementation of the Mississippi <br /> Connections plan with D I I r ecto is Message g • <br /> the installation of elec- <br /> trical system upgrades <br /> along Main street and <br /> the downtown park. <br /> The HRA also upgraded ' As the year comes to a close I look back to a year of <br /> to LED decorative transition. Since coming to the City in April,I've been <br /> downtown tree lights,which were placed on trees and impressed with the level of energy and excitement <br /> light poles downtown and along highway 10. within the community and among the HRA board <br /> • HRA contracted with Central Minnesota Housing Part- members. The HRA has set high goals and with the <br /> nership to write a prequalifying grant application. The development of a new Economic development <br /> money received from this grant would be used for the specialist we will continue to be working on <br /> rehabilitation of single family homeowners based on in- accomplishing them,including goals related to preser- <br /> come and other criteria. vation of existing housing options,the development <br /> • HRA is developing a housing Tax Increment Financing of additional affordable and workforce housing. <br /> score sheet. This will establish funding priorities and al- In 2014,I am looking forward to a year of progress in <br /> low future housing projects applying of Tax Increment the promotion of housing options and redevelopment <br /> Financing(TIF) to be scored appropriately. opportunities in Elk River through goal setting,policy <br /> • The HRA is currently reviewing Blackhawk Woods, a 84 update, and plan implementation. Working with the <br /> unit affordable independent senior housing project pro- committed Housing and Redevelopment Authority, <br /> posed for the west side of town, for TIF. This project,if the energy and excitement in Elk River will only <br /> approved,will be the largest single residential project in increase toward a bright future. <br /> over 5 years. <br /> Brian Beeman, MPA <br /> �. •t�yp� Economic Development Director- , . <br /> Val" bbeeman @ElkRiverMN.gov <br /> #s 13065 Orono Parkway <br /> Elk River, MN 55330 <br /> 763-635-1000 <br /> www.E1kRiverMN.gov <br />