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Housing and Redevelopment Minutes Page 2 <br /> January 3,2017 <br /> 7.1 Rehabilitation Loan Program Update <br /> Ms. Eddy presented the staff report. <br /> Moved by Commissioner Chuba and seconded by Commissioner Eder to approve <br /> one mortgage and repayment agreement at outlined in the staff report. Motion <br /> carried 4-0. <br /> 7.2 HRA Bylaw Review <br /> Ms. Othoudt presented the staff report. She noted Section 2.4 and 2.5 regarding order of <br /> business at regular meetings may need an update. <br /> Chair Toth further questioned Robert's Rules of Order and the reading of financial <br /> conditions. <br /> Ms. Othoudt stated the check register information in the staff report each month covers the <br /> financial conditions. <br /> Moved by Commissioner Eder and seconded by Commissioner Chuba to direct staff <br /> to amend the bylaws regarding the HRA's order of business format. Motion carried <br /> 4-0. <br /> 8. Announcements <br /> There were no announcements. <br /> The HRA recessed at 5:42 p.m. and reconvened in worksession at 5:45 p.m. <br /> 9.1 Saxon Motors and Elk River Lodge Site Discussion <br /> Ms. Othoudt presented the staff report. <br /> Chair Toth questioned costs. <br /> Ms. Othoudt stated they would seek an appraisal and negotiate with the property owner on a <br /> price. She stated the city would propose a large redevelopment project for the area. <br /> Commissioner Eder questioned the zoning and whether there is a need for more apartments <br /> in the area. She expressed concerns for the impact affordable housing may have to existing <br /> townhomes. She suggested adding more townhomes or attached single level townhomes for <br /> 55+ as she felt there is a need for them over multi-family housing. She stated this would be a <br /> great location for a 55+ community due to the river being nearby. <br /> Ms. Othoudt reviewed the 2015 housing study which listed the following needs: <br />