4.5. EDSR 09-21-2020 - Laserfiche WebLink

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request and application on October 5, 2020, for Joint Finance Committee Review on October 27, 2020 and final action by the EDA on November 16, 2020. PUBLIC ART PROJECT The draft grant application is due to Central MN Arts Board (CMAB) by September 30. Staff is working with the artist on the draft grant application. The grant is due to CMAB by October 19, 2020. TOGETHER ELK RIVER The subcommittee continues to meet. The campaign distributed 100-yard signs, (50 more signs were recently ordered) 66 decals, and hundreds of stickers to residents and businesses,via the municipal liquor stores, Chamber of Commerce,and the weekly farmer's market. Electronic billboards in Elk River continue to display the Together Elk River Logo. Downtown banners are hung and showcase the six focus areas of the campaign;Dines, Shops,Plays, Grows, Supports,and Gives. Support Together Elk River Spirit Week was a success! The city purchased Google Ads,Facebook ads and Boosted Facebook ads that had a reach of over 47,000 impressions. The Together Elk River campaign and Spirit Week were also highlighted on the front page of the Star News two weeks in a row. The subcommittee is now working on developing a Brand Ambassador Group,who will act as brand and information disseminators. BEAUTIFICATION COMMITTEE Dr. Hunter, owner, of Elk Plaza Dental,was nominated for the Beautification Award this month. He has made significant improvements to the facade of his business and with new landscaping has modernized his building. The work started late fall and continued even during a COVID-closure of his business. The investment signals his dedication to making Elk River a better place for business. HRA REDEVELOPMENT PROJECT UPDATE You may have seen some activity around the intersection of Main Street and Gates Ave. The HRA is working on a redevelopment project in this area. They purchased seven substandard properties and had five of them taken down over the past two weeks. Two properties will be moved off site.A project has not yet been proposed for this site. However,there are developers interested in the proposing a project for the site. The property will be marketed by the HRA with the vision of retail,housing and pedestrian-friendly access connecting to downtown and other commercial districts. RIVERWALK APARTMENTS Sun Rae Apartments,LLC applied for Tax Increment Financing to construct two 89-unit apartment complexes at 17354 Zane Street, Elk River (formerly Saxon Motors). This project is proposed as a Redevelopment TIF District. The Joint Finance Committee will review the application at their regular meeting on September 29, 2020. REVOLVING LOAN FUND BALANCE REPORTS At the request of the Commission, a copy of the Revolving Loan Fund report is attached.All loans are showing current. Financial Impact N/A