05-22-2018 HRA MIN SPECIAL - Laserfiche WebLink

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Special Meeting of the Elk River Housing and Redevelopment Authority Held at the Elk River City Hall Tuesday, May 22, 2018 Members Present: Chair Larry Toth, Commissioners Denny Chuba, Michelle Eder, Louise Kuester (11:22 a.m.), and Nate Ovall (11:07 a.m.) Members Absent: None Staff Present: Economic Development Director Amanda Othoudt, Economic Development Specialist Colleen Eddy and Sr. Administrative Assistant/Recording Secretary Jennifer Green Others Present: Ryan Hardin, Broker, Hardin Companies; Frank Galli, owner of Pompeii Pizza, 315 Jackson Ave.; Steve Johnson, Owner of Antiques Downtown, 309 Jackson Ave.; Debra Leedahl, owner of Kemper Drug, 323 Jackson Ave.; Lance Lindberg, realtor; Jennifer Wagner, Ward 4 City Council Member I . Call Meeting to Order Pursuant to due call and notice thereof, the meeting of the Elk River Housing and Redevelopment Authority was called to order at 11:01 a.m. by Chair Toth. 2.1 Proposed Downtown Redevelopment Plan Ms. Othoudt presented the staff report. She provided a real estate sell sheet for the former school district office property currently for sale. Ms. Othoudt indicated LHB would add the additional building at 708 Main Street to the proposal, which would allow for inspection of 7 buildings and increase the amount of the proposal to $12,900. She noted this cost could eventually be recouped from a developer. Various business owners from Jackson Avenue and realtors from the Elk River area were present to participate in a discussion with the HRA and ask questions. Commissioner Eder asked questions regarding the proposal, inspections, and the possible substandard issues and concerns with the building after an inspection is completed and would the property owner be required to fix any issues. Ms. Othoudt explained the inspection would only be used to determine if the area would be TIF -eligible and the city could not require property owners to make any building improvements that an inspection would reveal. She indicated if the area became a TIF district, property owners could be eligible for increment funds to make needed improvements depending upon how the TIF increment was set up.