7.3. HRSR 08-03-2020 - Laserfiche WebLink

Home Browse Search

City of Elk Re River quest for Action To Item Number Housing and Redevelopment Authority 7.3 Agenda Section Meeting Date Prepared by General I August 3,2020 Amanda Othoudt,ED Director Item Description Reviewed by Stained Glass Window Settlement Cal Portner, City Administrator Reviewed by Action Requested Approve,by motion, a release of claims for personal property. Background/Discussion The HRA entered into a purchase agreement on August 5, 2019, and closed on the property on September 13. Following the purchase and before demolition, the sellers were to remove a stained-glass window. Staff contacted the sellers and asked them to remove the window on November 18, 2019. On November 26, 2019, staff met with the sellers onsite and noticed the window was missing. A police report was filed and a couple leads did not come to fruition. The sellers requested an insurance claim form on December 31. The form was sent on January 2, 2020, to return it to the city for processing. The sellers submitted the form directly to our insurance provider LMC-IT on March 11, 2020. The LMC-IT informed staff they are not able to process the claim because it was received by a third party and not the city. The LMC suggested we work with the previous owners directly to settle the issue. The LMN-IT researched and provided five similar stained-glass windows for sale. The average cost of those windows was used to negotiate a fair value with the sellers. Financial Impact Payment to the sellers of$526 to come from the Main/Gates Redevelopment project budget,releasing all claims against the HRA or the city relating to the property or the stained-glass window. Mission/Policy/Goal The goal of the HRA is to acquire properties along Main St. NW, Gates Ave. NW and 3rd St. NW as part of a redevelopment project initiated by Mississippi Connections Plan. The project will improve trail connectivity through the area and into downtown Elk River. Attachments • Release The Elk River Vision A n elcoming community n ith revolutionary and spirited resourcefulness, exceptional P U W E H E o s r service, and community engagement that encourages and inspires prosperity /` UR