01-18-2000 HR MIN SPECIAL WORKSESSION

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Housing and Redevelopment Authority Meeting Page 2 January 18, 2000 • The size of the building proposed is a minimum of 15,000 square feet to a maximum of 40,000 square feet. John Weicht&Associates have tenants that will occupy one half of a 40 square foot building. John Weicht indicated that they are willing to pay approximately $100,000 for the property. Track of the Wolf gave a presentation indicating that they would be an occupant of the building proposed by John Weicht &Associates. 4. Municipal Utilities- Municipal Utilities indicated that they would withdraw their proposal because the First National Bank has offered to pay more than Municipal Utilities for the land, and because the Utilities plan for building is a 2-5 year timeframe which is a longer time frame than proposed by First National and because the Utilities building would be a tax exempt project. Issues discussed by the HRA following the presentation included the number of parking and the fact that a parking study would have to be done by the city. Also discussed was the timeframe for completion of the building and the amount of money the developers are willing to pay for the property. It was the consensus of the HRA to review the information presented and to make a decision on which proposal would be chosen at the regular meeting on the HRA to be held January 24. 3. Other Business • Executive Director Paul Steinman informed the HRA of his intent to resign as Director of Economic Development for the City of Elk River. COMMISSIONER WILSON MOVED TO COMMEND PAUL STEINMAN ON HIS SERVICES PROVIDED TO THE HOUSING AND REDEVELOPMENT AUTHORITY. COMMISSIONER TOTH SECONDED THE MOTION.THE MOTION CARRIED 4-0. 4. Adiournment There being no further business, COMMISSIONER THOMPSON MOVED TO ADJOURN THE MEETING. COMMISSIONER WILSON SECONDED THE MOTION. THE MOTION CARRIED 4-0. The meeting of the Elk River Housing and Redevelopment Authority was adjourned at 5:41 p.m. andra Peine City Clerk •