08-04-2025 HRA MIN - Laserfiche WebLink

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Housing and Redevelopment Authority Minutes August 4, 2025 --------- Page 3 of 4 Mr. O'Neil also stated that the budgeted item for land has been moved from 'miscellaneous' to the 'land' column. Commissioner Beaudry asked about budgeting for HRA commissioner pay. Mr. O'Neil stated the pay was included in the proposed budget as part-time wages. Commissioner Ovall asked what amount of money should be kept in cash reserve. Mr. O'Neil stated that the HRA had $2 million in their funds when they acquired the Main St and Gates Ave properties, his soft goal is to return to that amount. The EDA is also analyzing their amount of cash reserve. Commissioner Ovall stated the Commission had the ability to borrow or levy if funds were low. Commissioner Caswell felt the HRA should budget the additional $50,000 proposed to allow for potential acquisition. 9. MOTION TO ADJOURN Moved by Commissioner Caswell and seconded by Commissioner Dietz to adjourn the meeting. Motion carried 5-0. 10. CLOSED MEETING - PID 75-00131-1460 10.1 Statement to be read by the Chair: "The Housing and Redevelopment Authority will be holding a closed meeting per MN Statute 13D.05, subd. 3(c)(5) to develop or consider offers relating to the possible purchase of real property at: 13690 186th Ave NW - PID 75-00131-1460 Commissioners Present: Chair Denny Chuba, Commissioners Nate Ovall, Mel Beaudry, Lynn Caswell, and John Dietz Staff Present: Economic Development Director Brent O'Neil, Economic Development Specialist Josh Mollan, Community Development Director Zack Carlton, and Recording Secretary Katie Porath Chair Chuba read the following statement: 10.2 Motion Calling Closed Meeting 10.3 Hold Closed Meeting 10.4 Motion to Adjourn Closed Meeting Moved by Commissioner Ovall and seconded by Commissioner Caswell to adjourn the closed meeting. Motion carried 5-0.