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<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 />Request for Action <br /> <br /> <br />To <br />Housing and Redevelopment Authority <br />Item Number <br />7.3 <br />Agenda Section <br />General Business <br />Meeting Date <br />April 1, 2019 <br />Prepared by <br />Amanda Othoudt, EDD <br />Item Description <br />Consider the amended and restated redevelopment <br />plan for the City of Elk River <br />Reviewed by <br />Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Approve, by motion, a resolution approving the amended and restated redevelopment plan. <br /> <br />Background/Discussion <br />In early 2014, the HRA expressed a desire to prevent the emergence of blighting conditions, promote <br />community health, safety and welfare, encourage related development and redevelopment to protect and <br />improve the tax base and general economic vitality of the city. <br /> <br />On July 7, 2014, the city approved a redevelopment plan for properties in a small targeted area of <br />downtown utilizing the HRA Owner-occupied Housing Rehabilitation Loan Program. On November 5, <br />2018, the HRA discussed expanding the targeted area to include the entire Urban Services District, which <br />was approved in February of 2019. <br /> <br />To expand the boundaries, the city needs to amend and restate the Redevelopment Plan for the Owner- <br />occupied Housing Rehabilitation Loan Program. <br /> <br />The amended and restated redevelopment plan was confirmed by the Planning Commission, on March <br />26, 2019, and deemed consistent with the Comprehensive Plan. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> Redevelopment Plan (Redlined) <br /> Redevelopment Plan (Clean) <br /> Program Guidelines <br /> PC Resolution <br /> HRA Resolution <br />