04-17-1996 HR MIN - Laserfiche WebLink

Home Browse Search

MEETING OF THE ELK RIVER • HOUSING AND REDEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL WEDNESDAY,APRIL 17, 1996 Members Present: Chair Schuldt, Commissioners Kropuenske, Farber, Hinkle, and Wilson Members Absent: None Staff Present: Pat Klaers, City Administrator; Lori Johnson, Assistant City Administrator, Michelle Dwyer, Recording Secretary Others Present: Mayor Hank Duitsman 1. Call Meeting To Order Pursuant to due call and notice thereof, the meeting of the Elk River Housing and Redevelopment Authority was called to order at 6:01 by Chair Schuldt. 2. Consider Agenda COMMISSIONER KROPUENSKE MOVED TO APPROVE THE HRA AGENDA AS AMENDED: 5.5 MINNESOTA HOUSING FINANCE UPDATE COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5-0. 3. Consider Minutes COMMISSIONER FARBER MOVED TO APPROVE THE APRIL 3, 1996 HRA MINUTES. COMMISSIONER HINKLE SECONDED THE MOTION. THE MOTION CARRIED 5-0. 4. Discussion on the Kino/Main Redevelopment Site Pat Klaers, City Administrator, introduced the King/Main Redevelopment project. Mark Kleckner, Century 21 Realty stated in September 1994 the City had an appraisal done on the three properties. The property located at 307 King was appraised at$172,000 with a current asking price of$175,000, the property located at 812 Main was appraised at$74,000 with a current asking price of $130,000, and the property located at 317 King was appraised at$100,000 with a current asking price of$105,000. Mark Kleckner has been in contact with all the owners and all are agreeable with the price. Also, Mark stated that he is certain the 307 King owners do not have a problem deferring the purchase payments. Lori Johnson, Assistant City Administrator, explained the tax ramifications for purchasing the properties by June 30, or after July 1, 1996 for a TIF plan.