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MEETING OF THE ELK RIVER HOUSING AND <br /> REDEVELOPMENT AUTHORITY <br /> HELD AT THE ELK RIVER CITY HALL <br /> MONDAY, OCTOBER 14, 1996 <br /> Members Present: Chair Schuldt, Commissioners Kropuenske, Hinkle, Wilson, and <br /> Farber (5:21 p.m.) <br /> Members Absent: None <br /> Staff Present: Paul Steinman, Executive Director; Pat Klaers, City Administrator; <br /> Michelle Dwyer, Recording Secretary <br /> Others Present: Mayor Duitsman <br /> 1. Call Meeting To Order <br /> Pursuant to due call and notice thereof, the meeting of the Elk River Housing <br /> • <br /> and Redevelopment Authority was called to order at 5:01 p.m. by Chair Schuldt. <br /> 2. Consider Agenda <br /> • COMMISSIONER WILSON MOVED TO APPROVE THE OCTOBER 14, 1996 HRA <br /> AGENDA. COMMISSIONER KROPUENSKE SECONDED THE MOTION. THE MOTION <br /> CARRIED 4-0. <br /> 3. Consider Consent Agenda <br /> COMMISSIONER WILSON MOVED TO APPROVE THE CONSENT AGENDA AS <br /> FOLLOWS: <br /> 3.1 CONSIDER AUGUST 12, 1996 HRA MINUTES - APPROVED <br /> 3.2 CHECK REGISTER - APPROVED <br /> COMMISSIONER KROPUENSKE SECONDED THE MOTION. THE MOTION CARRIED <br /> 4-0. <br /> 4. Discuss Modifications to HRA Bylaws <br /> Paul Steinman, Executive Director, discussed with the Commission the <br /> modifications to the HRA bylaws. <br /> 5. Discuss Repayment Schedule and Project Timing - Kina and Main Project <br /> Paul Steinman, Executive Director, discussed with the Commission the approval <br /> of the loan repayment schedule. The loan was made from the liquor store fund <br /> to the HRA in the amount of$401,482.48. The HRA spent$24,185.26 to pay <br /> • closing expenses for the properties. The HRA will incur an additional amount for <br /> demolition. Paul Steinman stated the HRA cannot make the$225,000 payment <br />