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• MEETING OF THE ELK RIVER <br />HOUSING AND REDEVELOPMENT AUTHORITY <br />HELD AT THE ELK RIVER CITY HALL <br />MONDAY, AUGUST 1, 201 I <br />Members Present: Chair Wilson, Commissioners Lieser, Motin and Toth <br />Members Absent: Commissioner Koester <br />Staff Present: Interim City Administrator Bob Thistle, Economic Development Director Annie <br />Deckert, Finance Director Tim Simon, Recording Secretary Debbie Huebner <br />Also Present: Robert McDonald, Pizza Ranch Restaurant <br />1. Call Meeting_To Order <br />Pursuant to due call and notice thereof, the meeting of the Elk River Housing and Redevelopment <br />Authority was called to order at 5:30 p.m. by Chair Wilson. <br />2. Consider August 1, 2011 HRA Agenda <br />MOVED BY COMMISSIONER TOTH AND SECONDED BY COMMISSIONER <br />• LIESER TO APPROVE THE AUGUST 1, 2011 HRA AGENDA AS PRESENTED. <br />MOTION CARRIED 4-0. <br />3. Consider Consent Agenda <br />MOVED BY COMMISSIONER TOTH AND SECONDED BY COMMISSIONER <br />MOTIN TO APPROVE THE CONSENT AGENDA AS FOLLOWS: <br />3.1. JUNE 6, 2011 HRA MINUTES <br />3.2. CHECK REGISTER <br />3.3. BALANCE SHEET <br />3.4. REVENUE/EXPENDITURE REPORT <br />MOTION CARRIED 4-0. <br />4. en Mike - No one appeared for Open Mike <br />Consider Modifying Resolution 11-02 Adopting a Spending Plan for Tax Increment Financing <br />District No. 16 <br />Ms. Deckert reviewed background information regarding TIF District No. 16 financing assistance for <br />the Elk River Pizza Ranch project. She explained that construction was to have commenced. before <br />July 1, 2011, but that recent legislation has extended this date to July 1, 2012. Therefore, the <br />spending plan needs to be amended to reflect these changes. Staff has been working with attorney <br />• Jenny Boulton of Kennedy & Graven to make changes to the loan agreement as it pertains to the <br />