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ELK RIVER HOUSING AND REDEVELOPMENT AUTHORITY <br /> MEMORANDUM <br /> TO: Housing and Redevelopment Authority <br /> pi, FROM: Paul T. Steinman, Director of Economic <br /> Development <br /> DATE: September 23, 1998 <br /> SUBJECT: Agenda Memo for September 28, 1998, <br /> HRA Meeting <br /> 4. Midwest Building Components Project -King and Main Site <br /> Staff will provide an update to the HRA on the activities completed by <br /> Midwest Building Components regarding progress on development of <br /> the King and Main site. <br /> • Terry Veech, president of Midwest Building Components,has indicated <br /> they are nearing completion of this initial phase of their project and <br /> are continuing to measure tenant interest in such project. An <br /> appraisal of the land has been completed by MBC. Negotiation of a <br /> land price and possible execution of a purchase agreement will be <br /> dependent upon whether MBC determines that it is appropriate to <br /> proceed to Phase II of this project. <br /> 5. Discussion of Issues from September 24 Initial Central Business <br /> District Meeting <br /> Staff will be prepared to discuss with the HRA the various issues <br /> pertaining to the initial Central Business District Visioning Process. <br /> Staff will also discuss planning for the next meeting of this process and <br /> various work activities involved in the process between now and this <br /> next meeting. <br /> 6. Consider 1999 HRA Budget <br /> The major difference between the 1998 and 1999 HRA budgets are the <br /> inclusion of a number of new line items. Staff is proposing that the <br /> • <br /> P.O. Box 490 • 13065 Orono Parkway• Elk River, MN 55330-1743 • (612) 441-7420 • Fax: (612) 441-7425 <br /> Equal Opportunity Housing and Equal Opportunity Employment <br />