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Housing and Redevelopment Minutes Page 4 January 2,2018 Ms. Othoudt explained the city's rental housing program and how the city ultimately 1111 determines if a property is rentable. She stated the standards may differ from a private rental property company. Commissioner Chuba stated he didn't understand the differences in rental standards but to him he felt it a waste of money for the property owner to make the improvements outlined in the first amendment of the purchase agreement if the Commission decides to tear the home down once it obtains ownership. He stated his preference would be to tear down the home. Ms. Othoudt stated the list of repair items could be modified if the Commission so chose. Commissioner Ovall stated he felt the two options at hand are no repairs are made to the property and after closing, the Commission demolishes the home; or the current owner could do the repairs as outlined so the Commission can get the property repaired and back on the tax rolls after purchasing. He stated he sees merits to both options but to do the improvements isn't directionally consistent with the intentions of the Commission to speed up the timeframe of redeveloping these properties. Motion by Commissioner Chuba and seconded by Commissioner Ovall to proceed with the First Amendment to the Purchase Agreement not requiring the list of improvements as outlined in the amendment for the property at 326 Gates Ave. and with a closing date of February 2,2018. Motion carried 3-0 with Commissioner Kuester abstaining. The HRA recessed at 6:12 p.m. to go into work session. The HRA reconvened at 6:15 p.m. 8.1 Trunk Hwy. 10 and Main Street Redevelopment Ms. Othoudt presented the staff report. She explained the proposal needs to be more specific and narrow down their vision and preferences for the redevelopment of the area. She explained another concept to consider of an innovation center and what that type of opportunity could provide to the neighborhood and small business development sector. It was the consensus of the HRA to meet with various potential developers to seek their feedback on the types of developments that are best suited or desired for the TH 10 and Main Street redevelopment area to assist the Commission in narrowing their vision and assist in finalizing their proposal. 9. Adjournment Chair Toth adjourned the meeting at 6:32 p.m. Minutesre ared byJennifer • p p Green.