09-07-2021 HRA MIN - Laserfiche WebLink

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Housing and Redevelopment Minutes Page 3 September 7, 2021 Commissioner Ovall wondered why there weren't any funds allocated for 2022 for Professional Services and Property Insurance. Mr. O'Neil stated he spoke with Finance Director Lori Ziemer and because the HRA does not currently have any structures, she stated there wasn't a need to allocate funds for 2022 to cover Property Insurance. He is still learning the history of the budget and may need Ms. Eddy's guidance on her knowledge of why there weren't any funds allocated for Professional Services. He stated it might be because there aren't any anticipated expenses to continue forward, such as consultant expenses or TIF items, and may need some time to determine historically what's been included in this line item. Ms. Eddy concurred with Mr. O'Neil that some history is needed to answer this question. Commissioner Ovall stated the HRA reserves will cover some of these expenses should they come up. He asked for clarification on the Goals and Performance for Residential Property Reinvestment. He asked if those are tied to the rehab loan funds and the value created, or the number of improvement projects created as a whole. Mr. O'Neil stated this goal is more global to the city. Commissioner Ovall understood and felt the HRA has added tremendous value with their relationship with CEE and their ability to offer funding sources to our community above and beyond the HRA loan programs. Moved by Commissioner Ovall and seconded by Commissioner Swenson to adopt Resolution 21-01 approving the 2022 HRA Budget and establishing the HRA Tax Levy of $331,600 for collection in the year 2022 as outlined in the staff report. Motion carried 5-0. 7.2 Downtown Traffic Study Mr. O'Neil presented the staff report. Public Works Director Justin Femrite discussed the traffic study and pointed out three main keys to the traffic study that were addressed: -169 Redefine and how it's anticipated to affect the downtown area -Parking downtown -Consideration for one way options downtown Mr. Femrite reviewed each item as outlined in the study. He explained the study noted the one-way conversion options along Jackson Avenue between Highway 10 and Main Street, the primary benefits included an increase in on -street parking (approximately 9 spots) along Jackson Avenue, improved intersection operations at the Highway 10/Jackson Avenue intersection, and the opportunity to provide enhanced multimodal facilities and crossings. He explained it would be costly to implement one-way options and have short-term impacts to businesses, along with a negative impact on traffic operations along Main Street between Parrish Avenue and Highway 10, and finally circulation challenges for downtown users. He stated the study shows the benefits of the one-way conversion options do not align with the