05-24-1997 HR MIN - Laserfiche WebLink

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EDA Meeting Minutes May 27, 1997 Page 2 • COMMISSIONER FARBER MOVED TO AUTHORIZE STAFF TO PROCEED WITH A REQUEST FOR PROPOSALS. COMMISSIONER HINKLE SECONDED THE MOTION. Pat Klaers, City Administrator, indicated the Letter of Understanding with Denny Chuba is still in effect until July 1st and if the EDA goes ahead with an RFP, Mr. Chuba may be released of his obligation at this time. Pat suggested the city work with Mr. Chuba in locating a tenant and allow Mr. Chuba to make installments on the$225,000 purchase price of the property as part of the project financing,with the first installment due upon groundbreaking for a project. Discussion followed regarding marketing of the site. THE MOTION FAILED 0-5. The EDA directed staff to research developer interest for the site, and pursue possible tenants for a project with Denny Chuba. King and Main Loan Repayment-Paul indicated the proposed internal loan repayment schedule for the King and Main project which was distributed in the HRA Commissioners packet was for their information and no action was necessary at this time. 5.2. Discuss Future Activities Regarding Implementation of Strategic Plan SPaul noted the HRA will be discussing a Focus Study and Market Study at future meetings, possibly in cooperation with the Planning Commission and planning staff. 6. Other Business 6.1. Discussion on Changing June 23, 1997 Meeting to June 24, 1997 COMMISSIONER KROPUENSKE MOVED TO CANCEL THE REGULAR HRA MEETING ON JUNE 23, 1997, AND TO CALL A SPECIAL MEETING FOR JUNE 24, 1997. COMMISSIONER HINKLE SECONDED THE MOTION. THE MOTION CARRIED 5-0. 7. Adjournment There being no other business, COMMISSIONER HINKLE MOVED TO ADJOURN THE MEETING. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5-0. The meeting of the Elk River Housing and Redevelopment Authority adjourned at 5:40 p.m. Respectfully submitted, • Debbie Kleckner z k Recording Secretary