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Housing and Redevelopment Minutes Page 2 <br /> April 6,2020 <br /> 5. Open Forum <br /> Due to the meeting being virtual,there was no open forum. <br /> 6. Public Hearings <br /> There were no public hearings. <br /> 7.1 HRA Housing Rehabilitation Loan Program <br /> Ms. Othoudt presented the staff report. <br /> 7.2 Interfund Loan Resolution for Main and Gates <br /> Ms. Othoudt presented the staff report. <br /> Motion by Commissioner Eder and seconded by Commissioner Chuba to approve <br /> Resolution 20-01 an interfund loan authorizing advance of funds to be reimbursed <br /> with future tax increment as outlined in the staff report. <br /> Motion carried 4-0. <br /> 7.3 Main and Gates Redevelopment TIF Analysis <br /> 410 <br /> Ms. Othoudt presented the staff report. <br /> Motion by Commissioner Swenson and seconded by Commissioner Chuba to <br /> approve the Main and Gates Redevelopment TIF Analysis proposal by LHB <br /> Corporation as outlined in the staff report with costs not to exceed$5,600. <br /> Motion carried 4-0. <br /> 7.4 419 3'd Street Purchase <br /> Ms. Othoudt presented the staff report and provided copies of the staff report,purchase <br /> agreement,and resolution for 419 3'Street,with a closing date on or before June 1,2020. <br /> Motion by Commissioner Eder and seconded by Commissioner Swenson <br /> to approve Resolution 20-02 authorizing the execution of a purchase agreement for <br /> 419 3" Street as outlined in the staff report with a closing date on or before June 1, <br /> 2020. <br /> Motion carried 4-0. <br /> 8. Adjournment <br /> Chair Toth adjourned the meeting at 5:50 p.m. <br /> � <br />