03-07-2022 HRA MIN - Laserfiche WebLink

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Housing and Redevelopment Minutes Page 3 March 7, 2022 Mr. O'Neil stated the need for renewal of the property maintenance agreement for 2022 which will come back for approval by the HRA at the April meeting. Commissioner Wagner stated the market trends graphic and noted the City Council discussed those trends for 1 -and 3 -bedroom rentals in Elk River. Commissioner Ovall asked when the Maxwell Study will be updated as he was curious with the number of rentals coming available soon and especially with senior housing. Mr. O'Neil stated he has done someone follow-up on the active permits and pipeline projects, and he stated Elk River will be approaching or at the amount recommended in the Maxwell Study. He stated Elk River's study horizon was through 2025. He stated Sherburne County recently did a housing study that extends to 2030 and shows a more expansive need for housing. He has asked for a recommendation from the Maxwell Study contributors on updating our study and they indicated we have a few more years left before doing a new plan. Commissioner Wagner stated the City Council shares the same concerns especially when it relates to TIF as the members will want to have a good handle on the need for housing, the number of units available, the vacancies, etc., to make an informed decision. 7.3. General Updates Mr. O'Neil presented the staff report. He updated the Commission on the former Saxon site and the development and planned unit development agreements going before the City Council that evening for approval. He noted the developers of the property at Twin Lakes Road and 175th Avenue have applied for and received state funding. He stated the second phase of the Jackson Hills project will likely be heard at the April City Council meeting to consider an agreement. 8. Adjournment Acting Chair Chuba adjourned the meeting at 6:02 p.m. Minutes 3r ar by Jennifer Green. Tina Allard, City Clerk De ny Chuba, Aci-Ing Chair H using & Redeveiopment Authority