09-07-1993 HR MIN - Laserfiche WebLink

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Housing and Redevelopment Authority Page 2 September 7, 1993 Street) ; vehicles may exit onto Highway 10, or may exit onto Jackson • Avenue (that is, "exit only") . The Development Corporation desired this layout because it helped retain the landscaping in the middle of Jackson Square, and, it retained the flagpole. In addition, the Development Corporation preferred angled parking in this lot. The Corporation went on record in support of this design. Commissioner Schuldt went on record as preferring more green space in Jackson Square regardless of the layout or design. COMMISSIONER DUITSMAN MOVED TO RECOMMEND TO THE ELK RIVER CITY COUNCIL THAT IT APPROVE THIS ILLUSTRATION FOR THE PARKING LOT IMPROVEMENTS PROPOSED AT JACKSON SQUARE. COMMISSIONER SCHULDT SECONDED THE MOTION. THE MOTION CARRIED 3-0. 6. Former Railroad Parking Lot Improvements The Elk River Downtown Development Corporation also reviewed proposed improvements to the former railroad parking lot that is bounded by Jackson Avenue, U.S. Highway 10, Hunts Feeds, and the railroad tracks. Two illustrations were presented to the Development Corporation; one included angled parking; and the second illustration included perpendicular parking. The Development Corporation went on record in favor of perpendicular • parking for the landscaping enhancements and other improvements proposed on this site. The Corporation voted to recommend the perpendicular layout to the Elk River HRA. COMMISSIONER SCHULDT MOVED TO RECOMMEND TO THE ELK RIVER CITY COUNCIL THAT IT APPROVE PERPENDICULAR PARKING STALLS AS PART OF ITS PROPOSED IMPROVEMENTS TO THE FORMER RAILROAD PARKING LOT BOUNDED BY JACKSON AVENUE, HIGHWAY 10, HUNTS FEEDS, AND THE RAILROAD TRACKS. COMMISSIONER DUITSMAN SECONDED THE MOTION. THE MOTION CARRIED 3-0. 7. Consider a Recommendation from the Elk River City Council to Fund a Portion of a Redevelopment Project at Main Street and Freeport Avenue Bill Rubin reviewed the status of this request with the HRA Commissioners. Following a public hearing on August 16, 1993, the Elk River City Council approved a modification to Tax Increment Financing Plans No. 1 and No 3. The modification resulted in a $50,000 amendment to Plans No. 1 and No. 3. Further, the modification enabled a developer, Mr. Dennis Chuba, to be reimbursed for certain eligible TIF expenditures as authorized by Minnesota Statutes. This reimbursement will be used to help support a proposed 8,000 square foot office townhouse facility at Main Street and Freeport Avenue. In a related motion, the Elk River City Council voted to recommend that the HRA consider funding 50% of the eligible redevelopment costs, up to a maximum of $25,000.