08-11-1994 HR MIN - Laserfiche WebLink

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HRA MINUTES Page 4 August 11, 1994 KING AVENUE. COMMISSIONER TOTH SECONDED THE MOTION. THE • MOTION CARRIED 3-0. 8. Consider Funding Shoreline Rip-Rap Improvements in the Central Business District Bill Rubin explained that the City of Elk River is in receipt of a $20,000 grant from the Minnesota Soil and Water Conservation Board for purposes of rip-rap improvements along the Mississippi River shoreline. The $20,000 grant requires a matching share of local funds bringing the total funds available for this project to$40,000. Bill Rubin explained that this grant is similar to the one the City received in 1990 in the amount of$15,000. The City's local match of funds came from the capital projects fund. The 1990 rip-rap improvements enabled the City to reinforce the shoreline up to the Nadeau property in the central business district. The current plans are to use the 1994 funds to continue these improvements westward, and, it is expected that there are sufficient funds to reinforce the shoreline up to a point near the Dare Funeral Home property. Bill Rubin suggested that it is appropriate for the HRA to consider allocating a portion of its 1994 funds as the local share for the rip-rap project. Chair Schuldt indicated he had serious reservations about utilizing HRA funds in this matter. COMMISSIONER TOTH MOVED TO NOT AUTHORIZE THE EXPENDITURE OF FUNDS FOR • THE RIP-RAP IMPROVEMENT ALONG THE MISSISSIPPI RIVER SHORELINE IN THE CENTRAL BUSINESS DISTRICT. COMMISSIONER HINKLE SECONDED THE MOTION. Discussion followed. Commissioner Hinkle explained that the HRA has been set up to help the downtown; he further explained that an opportunity exists here to participate in a project and the HRA should do it. Commissioner Toth asked to make a statement following a vote on this matter. THE MOTION FAILED 1-2, WITH COMMISSIONERS TOTH AND HINKLE VOTING NAY. At this time Commissioner Toth stated that the HRA is allocating an expenditure of funds for a project downtown without all the Commissions present. He would like the other two Commissioners to participate in this decision. COMMISSIONER HINKLE MOVED TO AUTHORIZE THE EXPENDITURE OF FUNDS FOR THE RIP-RAP IMPROVEMENT IN THE CENTRAL BUSINESS DISTRICT. COMMISSIONER TOTH SECONDED THE MOTION. THE MOTION CARRIED 2-1, WITH COMMISSION SCHULDT VOTING NAY. 9. Consider a $25,000 Reimbursement Request from the City of Elk River (Freeport Financial Center Project' COMMISSIONER HINKLE MOVED TO APPROVE A $25,000 PAYMENT TO THE CITY OF ELK RIVER AS THE HRA'S SHARE OF THE COSTS ASSOCIATED WITH THE FREEPORT • FINANCIAL CENTER. COMMISSIONER TOTH SECONDED THE MOTION. THE MOTION CARRIED 3-0.