02-03-2025 Housing and Redevelopment Authority Packet

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Housing and Redevelopment Authority Minutes January 6, 2025 --------- Page 3 of 4 Mr. O’Neil asked for the HRA to join in a group photo at next month’s meeting. Mr. O'Neil stated discussion continues for 555 Railroad Drive. Mr. O'Neil stated the Troy Street property continues in probate court and the city will have a future item for council consideration regarding the condition of the property. 7.MOTION TO ADJOURN REGULAR MEETING Moved by Commissioner Beaudry and seconded by Commissioner Caswell to adjourn the regular meeting of the HRA and go into work session. Motion carried 4-0. 8.WORK SESSION Acting Chair Ovall opened the work session at 5:51 p.m. 8.1 Annual Meeting Discussion Items Mr. O’Neil presented the staff report and distributed a copy of the enabling resolution and bylaws, requesting they contact him to let him know if there are any suggested changes. Commissioners Ovall and Caswell stated they wished to remain on the Joint Finance Committee. Officer nominations will need to be made at next month's annual meeting. Mr. O’Neil suggested a change to the date of the annual meeting from February to January beginning in 2026 and would require to amendment to the bylaws. Mr. O'Neil then discussed the possibility of commission pay, and noted this board would recommend it to the council, and the council would look to the existing enabling resolution and would have to amend it to specify any compensation. He stated the board would have to look to the fund balance for any compensation for 2025 until it could be formally budgeted in future annual budgets. He reviewed a handful of area cities pay and while there wasn't pay specific to the HRA, there were amounts ranging from $25-$150 compensation for meeting attendance. O'Neil stated statutorily the EDA is allowed up to $75.00 for each meeting. Commissioner Ovall suggested $75 per month for attending meetings, stating concerns with increased expenses with numerous special or closed meetings. The consensus of the HRA was whatever the amount of pay, that it be based on monthly attendance rather than per meeting dates. Mr. Dietz indicated from Elk River’s standpoint, the work that is done between the EDA and HRA is similar and more responsible than other boards. After discussion, it was the consensus of the HRA to consider at the February annual meeting to formally request the City Council to amend the HRA enabling resolution to include compensation at $75 per month for the HRA. 8.2 MnDOT Properties at Elk Hills Drive Mr. O'Neil presented the staff report and asked if the HRA was interested in facilitating redevelopment of Parcel IDs 75-00422-0210 and 75-00422-0120. MnDOT could do a direct sale to the city but that requires an official appraisal and the sale would be at the appraised value. If the city purchased it directly, Page 17 of 44