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� cry of <br /> Special Workshop Meeting of the Elk River <br /> IRi ver Housing and Redevelopment Authority <br /> Held at the Elk River City Hall <br /> Tuesday,July 5, 2016 <br /> Members Present: Chair Toth, Commissioners Burandt, Eder, and Kuester <br /> Members Absent: Commissioner Chuba <br /> Staff Present: Economic Development Director Amanda Othoudt, Economic <br /> Development Specialist Colleen Eddy,and Recording Secretary/Sr. <br /> Administrative Assistant Jennifer Johnson <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 4:37 p.m. by Chair Toth. <br /> 2. 2017 HRA Budget <br /> Ms. Othoudt resented the staff report.eport. She indicated the purpose of the meeting was to <br /> discuss the budget and action will be taken at the August 1,2016, HRA meeting. She noted <br /> that proposed expenditures for 2017 are$253,150. Ms. Othoudt presented three options for <br /> the 2017 levy including using the same rate of 2016 of 0.01512%,using a maximum rate of <br /> 0.01850%, or the balanced rate,which will be calculated once the Estimated Market Value is <br /> obtained from Sherburne County. <br /> Ms. Othoudt outlined the division performance measures and goals projected for 2017 and <br /> elements of the 2016-2020 EDA/HRA Strategic Plan. <br /> Discussion followed regarding the following topics: blighted properties and the housing <br /> rehab loan program;social media and direct mailing impacts;promotion of the HRA <br /> housing stock;a possible collaboration with building inspectors to create a point-of-sale <br /> program ensuring a safe property when sold;redevelopment of existing properties on <br /> Highway 10; enhancing redevelopment opportunities for commercial/industrial properties <br /> by staff connection to business owners. <br /> Ms. Othoudt then reviewed the 2017 HRA budget worksheet detail. Discussion included <br /> questions regarding the downtown lighting maintenance and care. <br /> Discussion followed regarding the options provided by staff for setting the 2017 budget. <br /> It was the consensus of the HRA for staff to prepare the 2017 budget for approval at the <br /> August 1,2016,meeting using the previous and balanced rate of 0.01466% to allow for <br /> reducing the reserves and allow for funding new revolving loan programs from reserves. <br />