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MEETING OF THE ELK RIVER <br />• HOUSING AND REDEVELOPMENT AUTHORITY <br />HELD AT THE ELK RIVER CITY HALL <br />MONDAY, MAY 2, 201 1 <br />Members Present: Chair Wilson, Commissioners Lieser and Toth. Commissioner Koester arrived at <br />approximately 5:35 p.m. <br />Members Absent: Commissioner Motin <br />Staff Present: Economic Development Director Catherine Mehelich and Marketing and Business <br />Development Administrator Annie Deckert <br />Also Present: <br />L Call Meeting To Order <br />Pursuant to due call and notice thereof, the meeting of the Elk River Housing and Redevelopment <br />Authoritywas called to order at 5:30 p.m. by Chair Wilson. <br />2. Consider May 2, 2011 HRA Agenda <br />MOVED BY COMMISSIONER LEISER AND SECONDED BY COMMISSIONER <br />TOTH TO APPROVE THE MAY 2, 2011 HRA AGENDA AS PRESENTED. <br />• MOTION CARRIED 3-0. <br />3. Consider Consent Agenda <br />MOVED BY COMMISSIONER TOTH AND SECONDED BY COMMISSIONER <br />LIESER TO APPROVE THE CONSENT AGENDA AS FOLLOWS: <br />3.1. HRA MINUTES <br />3.2. CHECK REGISTER <br />3.3. BALANCE SHEET <br />3.4. REVENUE/EXPENDITURE REPORT <br />MOTION CARRIED 3-0. <br />4. en Mike <br />No one appeared for Open Mike. <br />5.1. Consider TIF Fund Request - Elk River Pizza Ranch <br />5.2. Consider TIF 16 Interfund Loan Resolution <br />Ms. Mehelich provided background information regarding the TIF 16 District, as well as the request <br />by Robert McDonald for financial assistance for a proposed Pizza Ranch restaurant project. She <br />explained that the HRA authorized staff to work with the applicant on a low interest loan of up to <br />• $90,000 from the TIF 16 Fund to assist with the project. A loan is proposed with a fixed interest <br />