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Housing and Redevelopment Minutes Page 3 <br /> August 3,2020 <br /> ----------------------------- <br /> Commissioner Eder not in favor of doing a modification. <br /> Commissioner Chuba stated in their defense,it is one of their oldest loans and have repaid <br /> almost $5,000 back to the HRA, showing a history of payment. <br /> Chair Toth asked about the borrower's unemployment record. <br /> Ms. Eddy stated she has been unemployed off and on,back at work now. Since the <br /> inception of the loan, she has been off and on employed, and payments have been very <br /> sporadic. <br /> Commissioner Swenson agreed with Commissioner Ovall's_comm ments and felt it was a test <br /> of who was going to react first. A�� ' <br /> Chair Toth stated he has been concerned with this loan for some tim <br /> After some discussion,it was the consensus of the HRA to either provide a'payment at city <br /> hall by end of day Friday,August 7, 2020, or provide the city with a listing agreement for the <br /> fair market value of their home. <br /> 7.2 406 Main Street NW and 419 3rd Street NW Building Moving Agreement <br /> Ms. Othoudt presented the staff nenrt. <br /> Commissioner Eder asked what the estimate'c'ame in fr"o"mµVeit for the tree removal. <br /> Ms. Othoudt stated it was $8,910 for five trees plus stump removal along with two additional <br /> trees along the property lin <br /> Commissioner Eder recommended getting at least two other bids for tree removal. She felt <br /> the quote seemed high to her. <br /> ommissioner Ovall asked if the stumps even needed to be removed if the property would <br /> e graded after the houses removed. <br /> Ms. Othoudt stated there were a few stumps that need to be removed to allow the houses to <br /> be moved off the property. <br /> Commissioner Eder asked if we could counter-offer$15,000 for the acquisition of the two <br /> houses and the garage, and the city takes care of the tree removal. She was not in favor of <br /> taking profits of the sale and spending it on tree removal. <br /> Commissioner Swenson also asked for a few other estimates for tree removal. <br /> Commissioner Ovall noted the tree removal is costly because the homes are being preserved. <br /> He stated it would be less costly if the homes were being demolished. <br />