08-25-1992 HR MIN - Laserfiche WebLink

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Elk River HRA Minutes Page 3 August 25, 1992 • redevelopment projects and reserve for future projects should be combined under a line "Reserve for Future Projects" and the dollar value be combined to reflect $90,000. COMMISSIONER SCHULDT MOVED TO APPROVE THE 1993 HRA BUDGET. COMMISSIONER DUITSMAN SECONDED THE MOTION. THE MOTION CARRIED 5-0. COMMISSIONER KROPUENSKE MOVED TO ADOPT HRA RESOLUTION 92-2, A RESOLUTION FOR THE ELK RIVER HOUSING AND REDEVELOPMENT AUTHORITY ESTABLISHING A TAX LEVY FOR THE HOUSING AND REDEVELOPMENT AUTHORITY FOR COLLECTION IN 1993. COMMISSIONER TOTH SECONDED THE MOTION. THE MOTION CARRIED 5-0. 8. Other Business Pat Klaers advised the HRA Commissioners that he is proposing that HRA Chairman Hinkle be reappointed through December 31, 1992. Thereafter, he would be reappointed to a five year term beginning on January 1, 1993. Set Special Meeting - COMMISSIONER DUITSMAN MOVED TO SET A SPECIAL MEETING DATE FOR TUESDAY, SEPTEMBER 8, 1992, AT 6:45 P.M. AT THE ELK RIVER CITY HALL TO CONSIDER THE DEVELOPMENT AGREEMENT BY AND BETWEEN THE ELK RIVER HRA AND ELK TERRACE LTD. PARTNERSHIP. COMMISSIONER • SCHULDT SECONDED THE MOTION. THE MOTION CARRIED 5-0. 8a. Housing Issue At this time, Commissioner Kropuenske advised the HRA Commissioners that he had been contacted by two real estate firms with concerns that the Federal Housing Administration (FHA) will not allow refinancing of homes in certain Deerfield Additions and within Royal Oaks Addition in Elk River. It appears that this reluctance to authorize refinancing is a result of the City of Elk River not putting enough penalties on the developer of the subdivisions. Executive Director, Pat Klaers, reminded the HRA that the penalties were in accordance with court orders and the corrections were done to acceptable City standards and engineering standards. Commissioner Kropuenske suggested letters of support or letters of request from the City Engineer, the HRA, and the City Council regarding a review of this situation. The reluctance to authorize refinancing may stem from a personality conflict with an FHA Official. It was suggested that the HRA and City Council ask this person for the internal regulations that allow FHA to not process requests for refinancings. If that person does not respond, then the HRA and City Council can go to elected representatives. COMMISSIONER KROPUENSKE MOVED TO HAVE THE ELK RIVER HRA AUTHORIZE ITS • CHAIRMAN TO REQUEST THAT THE FHA REVIEW ITS ARBITRARY BLANKET POLICY OF NO REFINANCING IN THE DEERFIELD ADDITIONS AND IN THE ROYAL OAKS ADDITION. COMMISSIONER DUITSMAN SECONDED THE MOTION. THE MOTION CARRIED 5-0.