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�J <br /> etyof Request for Action <br /> Elk <br /> River <br /> To Item Number <br /> Housing and Redevelopment Authoritv 4.5 <br /> Agenda Section Meeting Date Prepared by <br /> Consent December 6, 2021 Brent O'Neil, Economic Development Director <br /> Item Description Reviewed by <br /> Satisfaction of Mortgage— 19135 Troy Street NW Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Approve,by motion,the Satisfaction of Mortgage for 19135 Troy Street NW. <br /> Background/Discussion <br /> On July 5, 2019,Megan and Christopher Hank received a loan from the HRA through the HRA's Rehabilitation <br /> Loan program for$25,000 to make improvements to the property located at 19135 Troy Street NW. <br /> As of November 4, 2021, the Mortgage and Repayment Agreement has been fully paid and satisfied. <br /> Financial Impact <br /> N/A <br /> Mission/Policy/Goal <br /> The goal of the HRA is to improve existing housing stock by offering incentives or programs to repair and <br /> maintain residential properties. <br /> Attachments <br /> ■ Mortgage and Repayment Agreement <br /> ■ Satisfaction of Mortgage <br /> The Elk River Vision <br /> A avelcoming community n ith revolutionary and spirited resourcefulness, exceptional service, and p U w E A E o s r <br /> community engagement that encourages and inspires prosperity /` UR <br />