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llousi ig and Redevelopment Nfintites <br />January 5, 2015 <br />Page 3 <br />Some discussion followed regarding the possibility of acquiring properties, tear thern <br />down when.it is not cost-effective to rehab them, building new and selling. It was <br />realized the FIRA would have sorne risk of getting their money back. <br />Mr. Barnhart asked that the I IRA think about their goals and be ready to priority <br />them at the February meeting. <br />7.3 Housing TIF Policy <br />Mr. Barnhart reviewed his memo the HRA. He noted that after adoption of the <br />HousingTIF policy, the only application received was for Blackhawk Woods, which <br />was withdrawn by the applicant due to lack of support by the I-IRA and C'ouncil. <br />Mr. Barnhart recommended that the HRA's policies should be reviewed annually to <br />ensure that they meet the HRA's goals. <br />Discussion followed regarding the Housing].II policy, including the job creation <br />requirement and whether or not this was a reasonable expectation. Mr. Barnhart <br />noted that the.11R.A would not want to have a policy that is so "tight," that it cannot <br />be used. <br />("hair Wilson noted that the HRA should be ready to discuss this issue at the <br />February meeting for possible changes to the policy. <br />"I", M111TIM"t, <br />Mr. Barnhart noted that Miles accepted the position with the City of Elk River, but <br />received an offer he could not refuse from a former employer, Nlr. Barnhart stated <br />that it is not known at this time whether or not the next applicant in line will be <br />offered the position or if the position will be re--advertised. The City Council is <br />expected to discuss later tonight. <br />8. Adjournment <br />There being no further business, Chair Wilson adjourned the ineeting of the Elk <br />River Housing and Redevelopment Authority at 6:05 p.1n. <br />M /r <br />