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<br />Request for Action <br /> <br /> <br />To Item Number <br />Housing and Redevelopment Authority 7.2 <br />Agenda Section Meeting Date Prepared by <br />General November 5, 2018 Amanda Othoudt, EDD <br />Item Description Reviewed by <br />Director Update Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Information presented for discussion only in an effort to keep the HRA updated on department activity. <br /> <br />Background/Discussion <br />Main and Gates Redevelopment Project <br />Staff received interest from a potential buyer in purchasing a house, not the lot at 326 Gates Ave. Upon <br />further inspection of this property and the others, the potential buyer passed on them all. Unfortunately, <br />as we found, the maintenance level of many rental properties is very poor. In addition, two of the <br />properties have been converted into commercial properties. <br /> <br />Staff sent letters to the remaining property owners indicating our interest in purchasing their property. <br /> <br />Elk River Realtor Forum <br />Staff has collaborated with the St. Paul Area Association of Realtors to host this year’s Elk River Realtor <br />Forum on December 14, 2018, at Elk River City Hall. The program provides realtors with information <br />related to the housing market in Elk River and the surrounding communities, in addition to updates on <br />local projects and initiatives in Elk River. The program agenda and presentations were submitted to the <br />Department of Commerce in an effort to apply for continuing education credits. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> HRA Loan Report (November 1, 2018) <br /> Ehlers Housing Market Commentary <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity <br />