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ek,r <br /> ITEMS 4 & 6 <br /> ity of MEMORANDUM <br /> i <br /> Elk River TO: Housing & Redevelopment Authority <br /> .. r <br /> FROM: Lori Johnson, Asst. City Administrator U ) <br /> DATE: June 17, 1996 <br /> SUBJECT: King and Main Update <br /> Downtown Sidewalk Discussion <br /> King and Main Redevelopment Proiect Update <br /> City staff, the city attorney, and the real estate agent have been working <br /> together to finalize this transaction. As you may recall, timing is very <br /> important to this project. Therefore, it is hoped that closing can take place <br /> prior to July 1. However, prior to closing there are a couple of issues which <br /> need to be addressed. <br /> First is a minor issue which will be taken care of on Monday, June 17, at the <br /> City Council meeting. This is the requirement that the City Council hold an <br /> early acquisition public hearing prior to the HRA acquiring property. The <br /> public hearing has been published and all comments will be taken on Monday <br /> evening. <br /> The second issue of more concern is the phase one environmental audit which <br /> was recently completed on the three properties to be purchased. Steve Rohlf <br /> has been coordinating this project and has attached a memo and additional <br /> information for your review. At the HRA meeting staff will be requesting <br /> direction on the allocation on the cost of the clean up expenses. The city has <br /> already committed to approximately $7,000 for the phase one report. <br /> Downtown Sidewalk Discussion <br /> Gene Schuldt has requested that this item be placed on the agenda for <br /> discussion in order to prepare for upcoming budget discussions which may <br /> include setting aside funds for several years to address the downtown <br /> sidewalk issue. <br /> eda\hra\617agmm <br /> r <br /> 13065 Orono Parkway • P.O. Box 490 • Elk River, MN 55330 • (612) 441-7420 • Fax: (612) 441-7425 <br />