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City of <br /> El omita..., <br /> 4*- ..,, <br /> Special Meeting of the Elk Rive <br /> r Item 4.lb <br /> :Ri ver Housing and Redevelopment Authority <br /> Held at the Elk River City Hall <br /> Monday, May 9, 2016 <br /> Members Present: Chair Toth,Commissioners Chuba,Burandt and Eder <br /> Members Absent: Commissioner Kuester <br /> Staff Present: Economic Development Director Amanda Othoudt and Economic <br /> Development Specialist Colleen Eddy <br /> I. Call Meeting to Order <br /> Pursuant to due call and notice thereof,the meeting of the Elk River Housing and <br /> Redevelopment Authority special meeting was called to order at 5:30 p.m.by Chair Toth. <br /> 2. Jungers Subordination Agreement <br /> Ms. Othoudt presented the staff report.Mr.Jungers was in attendance and explained his <br /> contract for deed and the timeline. <br /> Moved by Commissioner Eder and seconded by Commissioner Chuba to approve <br /> the Subordination Agreement between P ne Country Bank and the Housing and <br /> Redevelopment Authority. Motion carried 4-0. <br /> 3. Adjournment <br /> Chair Toth adjourned the meeting at this time <br /> The meeting adjourned at 5:47 p.m. <br /> Minutes prepared by Debbie Huebner. <br /> Tina Allard,City Clerk <br /> Larry Toth, Chair <br /> Housing&Redevelopment Authority <br />