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HRA Meeting Minutes <br /> March 24, 1997 <br /> Page 2 <br /> • Dennis Chuba, Developer of the project, identified some of the possible tenants <br /> that he has been in contact with. He indicated he has received a lot of interest <br /> from small users, but has no commitment for a main user and stated that without <br /> a key tenant locked in, he cannot finance the project. Dennis Chuba suggested <br /> that the HRA consider opening the project up to other developers. After <br /> discussing the situation, it was the consensus of the Commissioners present not to <br /> open the project up to other developers at this time. Commissioner Wilson <br /> suggested putting up a sign on the site, following completion of the demolition, <br /> advertising availability of the site. <br /> COMMISSIONER WILSON MOVED TO AUTHORIZE THE DIRECTOR OF ECONOMIC <br /> DEVELOPMENT TO INCUR EXPENSES NOT TO EXCEED$300 FOR THE PURPOSE OF <br /> PLACING A SIGN ON THE SITE ADVERTISING AVAILABILITY. COMMISSIONER <br /> KROPUENSKE SECONDED THE MOTION. THE MOTION CARRIED 3-0. <br /> 5.2. Strategic Planning Meeting with City Council <br /> Paul Steinman informed the Commissioners that a meeting has been scheduled <br /> for April 21, from 5- 6 p.m. to discuss the final strategic plan document. He <br /> indicated that the meeting will be a joint meeting of the Council, HRA, EDA and <br /> Planning Commission. <br /> 6. Other Business <br /> MCPP Award - 1st Time Home Buyer Funding <br /> Paul Steinman updated the Commissioners on the status of the MCPP Award. He <br /> indicated that the City of Elk River has been allocated funding in the amount of <br /> approximately$234,000 to be used for 1st time home buyers. He stated that there <br /> is a good chance that more funding will be allocated at a later date. He also <br /> informed the Commissioners that the City has received much interest in the <br /> program from surrounding lenders. <br /> 7. Adjournment <br /> There being no other business, COMMISSIONER KROPUENSKE MOVED TO ADJOURN <br /> THE MEETING. COMMISSIONER WILSON SECONDED THE MOTION. THE MOTION <br /> CARRIED 5-0. <br /> The meeting of the Elk River Housing and Redevelopment Authority adjourned at <br /> 5:50 p.m. <br /> Respectfully submitted, <br /> P <br /> Sandra Thackeray <br /> City Clerk <br /> 411 <br />