4.1 HRA DRAFT MINUTES 12-03-2018

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Housing and Redevelopment Minutes Page 2 November 5, 2018 ----------------------------- 5. Open Forum No one appeared for Open Forum. 6. Public Hearings There were no public hearings. 7.1 HRA Rehabilitation Program Update Ms. Eddy presented the staff report. Motion by Commissioner Eder and seconded by Commissioner Kuester to approve the Mortgage and Repayment Agreement between Eileen L. Gadach, a single person as Life Estate Holder and Teresa Gadach, Gerald Gadach, Edward W. Gadach, Lynn Gadach, Mary J. Gadach and Janet Tschida, as joint tenants and owners of the property located at 870 Vernon Ave. NW, and the Housing and Redevelopment Authority in and for the City of Elk River, in the amount of $25,000 as outlined in the staff report. Motion carried 4-0. 7.2 Director Update Ms. Othoudt presented the staff report. Commissioner Ovall asked about the status of the garage removal at 414 Main Street and wondered if there was a sunset removal date. Ms. Othoudt indicated the garage had not yet been removed and there was no sunset date. --------------------- The HRA recessed the meeting at 5:39 p.m. and reconvened into work session at 5:42 p.m. 8.1 HRA Housing Rehabilitation Loan Program Targeted Area Discussion Ms. Othoudt presented the staff report. The HRA discussed the possibility of including sewer and water hookups on aging infrastructures and failing systems as an eligible rehabilitation item. Ms. Othoudt indicated that the policy would have to be updated to allow this as an eligible rehabilitation item. Commissioner Ovall indicated his concerns with accomplishing this mission but also having the HRA weigh the risks associated with the current market, considering a downturn of the