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Housing and Redevelopment Minutes Page 3 <br /> May 1,2017 <br /> Motion by Commissioner Chuba and seconded by Commissioner Ovall to approve <br /> Resolution 17-01,A Resolution of the Housing& Redevelopment Authority of the <br /> City of Elk River Elk River Approving Loan Agreement and Related Documents for <br /> The Truck Shop, Inc. Project. Motion carried 5-0. <br /> Motion by Commissioner Chuba and seconded by Commissioner Kuester to <br /> authorize execution of the loan documents. Motion carried 5-0. <br /> 7.6 Electric Charging Station Downtown <br /> Ms. Othoudt explained that Elk River Municipal Utilities (ERMU) in partnership with the <br /> city received a grant to finance research,implementation,and education related to electric <br /> vehicles. She stated that a charging station is proposed to be installed in the HRA parking <br /> lot between Elk River Meats and Avalon Salon. A second station is proposed near Ralphie's <br /> Victory gas station. <br /> Motion by Commissioner Chuba and seconded by Commissioner Eder to approve a <br /> license agreement with ERMU to provide for installation of a 240-volt Level 2 electric <br /> vehicle charger with access to two parking spaces designated Electric Vehicle <br /> Parking Only. Motion carried 5-0. <br /> 7.7 HRA Policy Annual Review <br /> Ms. Othoudt reviewed the revisions to the HRA Blighted Properties Commercial/Industrial <br /> and Residential Forgivable Loan Program documents. <br /> Commissioner Chuba asked how many loan applications for residential properties have been <br /> received. Ms. Othoudt stated none have been received. Commissioner Chuba stated he felt <br /> the $15,000 loan amount was too low, considering the high cost of any environmental <br /> remediation. He suggested$25,000 as a more realistic figure. Commissioner Eder agreed. <br /> Motion by Commissioner Kuester and seconded by Commissioner Eder to approve <br /> the revisions to the HRA Commercial/Industrial and the Residential Blighted <br /> Properties Forgivable Loan Programs,with the following change: <br /> Maximum Loan amount be changed from$15,000 to $25,000 for the Residential <br /> Blighted Properties Forgivable Loan Program <br /> Motion carried 5-0. <br /> 7.8 426 Main Street Purchase Agreement <br /> Ms. Othoudt stated that the HRA is asked to authorize a purchase agreement with the <br /> property owner of 426 Main Street. She noted that the purchase will be funded from the <br /> HRA reserves. <br />