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Housing & Redevelopment Authority January 4, 2010 Page 3 7.1. Discussion Regarding Proper at Tackson Avenue City Administrator Lori Johnson stated that the owner and real estate agent for 356 Jackson has offered to sell d1e property to the HRA for $150,000. Ms. Johnson explained that two previous offers have been received; the first offer was $387,000, and the second was $300,000. The property has been listed and $179,900, most recently. She stated that the HRA would need to determine how this parcel fits into the HRA's priorities. Ms. Johnson discussed the plan to realign Highway 10, noting that the plan involves moving the railroad tracks 70 - 90 feet to the north. She stated drat the subject property would not be needed for die realignment. She noted that die price would include removal of the underground gasoline storage tanks. Ms. Johnson asked if the HRA was interested in acquiring the property. Chair Wilson asked if any environmental clean up would be needed. Ms. Johnson stated that an environmental study would be required to make that determination. Discussion followed regarding die businesses on Railroad Drive and impacts of the realignment. Commissioner Toth stated he felt the whole block would need to be redeveloped. Ms. Johnson stated that the realignment is part of a 30-year plan and has not been funded, and that if die HRA did acquire the parcel, deep would likely be holding it for a long time. Chair Wilson noted that dus area has been covered in previous discussion of the downtown development plan. Commissioner Moon stated that he was not in favor of making a decision of whether or not to purchase the subject parcel at this rime. He stated the issue would be revisited when an approved downtown development plan was in place. Chair Wilson concurred. Commissioner Motin noted drat it may be 30 pears before the realignment happens, and no funds axe available at this time. 7.2. Commissioner Toth Item Corrunissioner Toth stated that dze condition of dze former NAPA building needs to be addressed. Ms. Johnson noted that planning staff and die code enforcement officer are working on this issue with dze property owner. Commissioner Toth stated that the building is an eyesore, but that he is most concerned about safety. 8. Adjournment There being no other business, Chair Wilson adjourned the meeting. The meeting of the Elk River Housing and Redevelopment Audiorits~ adjourned at 5:54 p.in. Minutes 'prepared by D bbi uebner. .' ~; Tina Allard City Clerk