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��i <br /> Eof <br /> lk — - Request for Action <br /> River <br /> To Item Number <br /> Housing and Redevelopment Authority 7.2 <br /> Agenda Section Meeting Date Prepared by <br /> General May 7, 2018 Amanda Othoudt,EDD <br /> Item Description Reviewed by <br /> Director Update Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Information presented for discussion only in an effort to keep the HRA updated on department activity. <br /> Background/Discussion <br /> Truck Shop Redevelopment Project <br /> The project real estate transaction has closed, and Blighted Properties Forgivable Loan funds have been <br /> dispersed. The next step is to certify the TIF District with the county. The project will begin construction <br /> within the next month. <br /> Main and Gates Redevelopment Project <br /> Staff continues to negotiate with the owner of the two properties along Main Street. <br /> Jackson Hills Housing TIF Project <br /> The developer is reviewing the development agreement. Once the development is negotiated and <br /> approved by the council, the district will need to be certified with the county and then the project can <br /> commence. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> ■ N/A <br /> The Elk River Vision <br /> A Y�elcoming community nvith revolutionary and spirited resourcefulness, exceptional P U W E H E o s r <br /> service, and community engagement that encourages and inspires prosperity ,g /` UR <br />