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HRA Agenda Memo Page 2 <br /> January 9, 1995 <br /> B. Official Newspaper - The HRA's official newspaper is the Elk <br /> River Star News. It is in order to redesignate the Star News as <br /> the HRA's official newspaper for the 1996 calendar year. <br /> C. Official Depositories - The past practice for designating HRA <br /> depositories has been to use the same depositories as the City of <br /> Elk River. For 1996, the Elk River City Council will designate <br /> the following banks/institutions as its official depositories for <br /> city funds: <br /> • The Bank of Elk River <br /> • First National Bank of Elk River <br /> • 4M Fund <br /> • Norwest Bank <br /> • First Banks <br /> • Marquette Bank <br /> Following past practice, it is in order for the HRA to designate <br /> the above-referenced banks/institutions as depositories for funds <br /> in 1996. <br /> 6. Financial Update <br /> Please refer to the one-mi.stimmary from Assistant City <br /> Administrator Lori Jlison. <br /> 7. Establish a Regular HRA Meeting Date <br /> At a meeting in late August, HRA Commissioners briefly discussed the <br /> need to establish regular meeting dates rather than continue on an as <br /> needed basis. This was done as a result of the increased issues <br /> pertaining to the HRA. Commissioners took no action at that time, but <br /> it was agreed to revisit the matter at a future date. <br /> Although no specific date is offered, it may be appropriate for the HRA <br /> to establish, say, a bi-monthly meeting date. <br /> 8. Update Items <br /> A. 1996 Revenues/Levy - Information on the 1996 tax revenue <br /> projection for the HRA has been finalized. It is anticipated that <br /> the HRA will receive approximately $68,000 from its levy in <br /> 1996. <br />