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Catherine Mehelich <br /> om: Bruce Thielman [Bthielman @stcloudhra.com] <br /> ent: Wednesday, December 05, 2001 2:57 PM <br /> To: cmehelich @ci.elk-river.mn.us <br /> Subject: Re: Business Subsidy Policy <br /> I am going to fax it to you today. However, we are proposing a slight increase to $12.67 per hour later this month (as a <br /> result in an increase as determined by HUD) in fair market rents. The hourly rate will be an average based on the type of <br /> jobs created by the proposed new project and benefits are over and above this amount. This is a bold stance by our Board, <br /> but tbeg_feel strongly that if we create new jobs, they should pay people enough to afford a 3 bedroom aprartment. Thanks <br /> for your interest!!! <br /> >>> "Catherine Mehelich" <cmehelich @ci.elk-river.mn.us> 12/05/01 09:19AM >>> <br /> Hello Bruce, <br /> I recall seeing an article in the St. Cloud Times within the last year about <br /> the St. Cloud HRA's revised business subsidy policy. The item that caught <br /> my attention was the calculation or adjustment that was made based on <br /> "affordable housing/living". <br /> The City of Elk River and it's HRA is beginning discussions on housing <br /> issues and the role they play. One of the issues obviously is the <br /> relationship between our economic development/business development strategy <br /> and housing. Would you be willing to e-mail or fax me a copy of your <br /> updated policy that I may use as a point of reference and discussion? We <br /> are currently working with the Central MN Housing Partnership, who have <br /> recently completed a housing study for Elk River. <br /> shank you for your assistance! <br /> Sincerely, <br /> Catherine Mehelich <br /> Director of Economic Development <br /> City of Elk River <br /> PH. 763-441-4905 <br /> FX. 763-441-7425 <br /> • <br /> 1 <br />