HRA Minutes 02-06-1986MINUTES
MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
Thursday, February 6, 1986 - 7:OOPM
Members Present: Bud Schrupp, Ken Maus, Roger Hedtke, and Ben
Smith.
Member Absent: Chairperson Gary Wieber.
1. Call to Order.
Acting Chairperson Bud Schrupp called the meeting to order at
7:IOPM.
2. Approval of Minutes.
Roger Hedtke moved to approve the December 5, 1985 BKA minutes.
Seconded by Ben Smith, the motion carried 4-0.
3. Evaluation of the HRA Financial Statements.
The Financial Statements having been prepared by Rich Wolfsteller,
City Finance Director, were reviewed by the Authority. Noting,
that the HRA surplus amount available for other use Is $41,200.00
and that some Tax Increment Districts may start to generate monies
In late 1986, the committee proceeded to setting their goals.
4. Consideration of Setting 1986 HRA Goals.
The purpose of this HRA meeting was to be used as a work session
inorder to way opinions and set goals. After considerable dis-
cussion the HRA agreed on three pieces of property for action
In 1986. The three pieces of property listed as the HRA 1986
goals are: the Flake building property, the Clifford Olson
house property, and the Jones Manufacturing property.
011ie Koropchak expressed: Does the City of Monticello really want
industrial development? In her opinion, aware of the short
duration of her employment, she was not convinced that it is a strong
priority of the City. Koropchak told the Authority that times
were changing and asked if the HRA, along with the IDC would
consider investigating alternative marketing incentives. The
HRA agreed with Koropchak, emphasizing their desire to work with
the IDC and the City on alternative marketing incentives. They
indicated facts needed to be obtained of other city's incentives
along with consideration of other questions: who qualifies for
incentives, dollar investments envolved, legalities, possibility
of a City mill levy, etc. After detailed information of alternative
Incentives are obtained the HRA suggested a joint meeting with the
IDC for further deliberation and direction.
S. Adjournment.
Ken Maus moved to adjourn, seconded by Roger Hedtke, and
carried 4-0. Meeting adjourned.
urive n. noropcnaK
Executive Secretary
Monticello Housing and Redevelopment Authority