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Members Present: <br />Members Absent: <br />Staff Present: <br />Regular Meeting of the Elk River <br />Housing and Redevelopment Authority <br />Held at the Elk River City Hall <br />Monday, September 8, 2020 <br />ChattLarry Toth, Commissioners Denny Chuba, Michelle Eder, Nate Ovall, <br />Jayme Swenson <br />None <br />Economic Development Director Amanda Othoudt and Economic <br />Development Specialist Colleen Eddy <br />t. <br />2. <br />3. <br />4. <br />Call Meeting to Order <br />Pursuant to due call and nodce thereof, the meeting of the Elk Rivet Housing and <br />Redevelopment Authority was called to order at 5:37 p.m. by Chair Toth. <br />Pledge of Allegiance <br />The Pledge of Allegiance was recited. <br />Consider September 8,2020, Agenda <br />Motion by Commissioner Chuba and seconded by Commissioner Eder to approve <br />the September 8,2020, HRA agenda. <br />Motion catried 5-0. <br />Consent Agenda <br />Commissioner Eder asked for clanftcation about item 4.5 and if holding 3'd subotdinate <br />position was allowed in the policy. She wasn't aware the HRA apptoved aloan being in 3'd <br />position and would that be allowed in future loan approvals. She asked for clarification that <br />the home equity line of credit would remain open even ^t a zeto balance. <br />Ms. Othoudt stated it was allowed in the policy and the city was currently in 3'd position. The <br />loan was approved pdor to CEE administering the loan program. Ms. Othoudt stated it <br />would not be Iikely that the HRA would be in any futute loan approvals in 3'd subordinate <br />position. <br />Moved by Commissioner Eder and seconded by Commissionet Swenson to approve <br />the September 8,2020, consent agenda as follows: <br />4.1 August 3,2020, minutes. <br />4.2 Check Register as outlined in the staff tepott. <br />\- <br />\-