03-22-1999 HR MIN - Laserfiche WebLink

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Housing and Redevelopment Authority Minutes Page 2 March 22, 1999 • Public Improvements Group--Steve Wensman • Events and Activities Group--Jeff Asfahl • Business Group-- Paul Steinman Discussion was held regarding priorities that have been set by each of the groups. Cliff Lundberg questioned whether the plan has been formally adopted and whether the committees for each group have authority to carry out the proposed plans. It was noted that the entire plan would be formally reviewed by the HRA and City Council on April 12. 6. Discuss Central Business District Rehab Loan Program Issue Chair Kropuenske noted that the Bank of Elk River in conjunction with the First National Bank has submitted a proposal for a Central Business District Rehab Loan Program. He explained that the concept of the program is to subsidize an interest rate reduction of property improvement loans from 6 percent to 3 percent. It is anticipated that this would require an HRA commitment of up to $15,000 per year. Chair Kropuenske outlined the details of the loan program. Commissioner Wilson indicated that by approving this concept, the HRA would show its commitment to the central business district revitalization efforts. The Commissioners concurred and consented to approve the concept of the loan program proposal. • 7. Call a Special Meeting with the City Council COMMISSIONER THOMPSON MOVED TO CALL A SPECIAL MEETING OF THE HRA ON APRIL 12, 1999, FROM 5:00 P.M.TO 6:00 P.M.TO MEET WITH THE CITY COUNCIL TO DISCUSS THE CENTRAL BUSINESS DISTRICT ACTION PLAN. COMMISSIONER WILSON SECONDED THE MOTION. THE MOTION CARRIED 5-0. 8. Other Business Bob Minton, representative of the 2001 Committee, requested representation of the HRA to be involved in the process of reviewing a Healthy Community Partnership Grant. He noted that program would provide training. Chair Kropuenske indicated that it was important for the HRA to become involved. He noted that anyone interested should contact him by Friday, March 26. Cancellation of April 26 HRA Meeting Paul Steinman noted that he would be out of town for the April 26 HRA Meeting. It was the consensus of the HRA to cancel this meeting. COMMISSIONER HINKLE MOVED TO CANCEL THE APRIL 26, 1999, REGULAR HRA MEETING. COMMISSIONER THOMPSON SECONDED THE MOTION. THE MOTION CARRIED 5-0.