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<br />Request for Action <br /> <br /> <br />To Item Number <br />Housing and Redevelopment Authority 8.1 <br />Agenda Section Meeting Date Prepared by <br />Work Session August 5, 2019 Amanda Othoudt, ED Director <br />Item Description Reviewed by <br />TIF Discussion Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Information presented for discussion purposes. <br /> <br />Background/Discussion <br />At their April 3, 2017, meeting, the HRA moved forward with the steps necessary to create a <br />redevelopment plan for the properties located at the intersection of Main Street, Gates Avenue NW and <br />rd <br />3 Street connecting to Highway 169 which would align with the Mississippi Connections Plan. <br /> <br />The HRA is proposing to reimburse itself for the costs advances including administrative costs incurred <br />prior to the establishment of the TIF District, subject to the limitations of the TIF Act, and certain costs <br />incurred in connection with a study of blighting conditions, engineering, land and building acquisition, <br />demolition and site preparation costs. <br /> <br />Gina Fiorini, of Kennedy & Graven will be in attendance to answer questions related to the potential <br />establishment of a redevelopment TIF district. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> Interfund Loan Resolutions <br /> Project Area Map <br /> <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 />