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HRA Meeting Minutes – Tuesday, October 21, 2014 Page 8 1 Member Majerus questioned, as the HRA moved forward, did it want to compete in the 2 marketplace or be available to areas that the market didn’t address. 3 4 Chair Maschka opined that this was a good point; however, he wanted to see the $600,000 5 moving; and since it wasn’t doing so, needed to determine why not. 6 7 Ms. Kelsey admitted that she didn’t know if the HRA had marketed or advertised as much as 8 pre-construction management, since in the past Welcome Packets had been sent out, but they 9 were no longer available and were in process to determine a new design or further direction 10 from the City Council on the tagline. Therefore, Ms. Kelsey cautioned the HRA that staff had 11 not been doing normal outreach currently as they had done in the past. 12 13 Member Lee questioned if people thinking about homeownership were being marketed to, 14 beyond the first time homebuyers seminar being held at the library. 15 16 Ms. Kelsey advised that, with the information technology now available and diversification in 17 the marketplace, area realtors – beyond local Roseville realtors – were very aware of loan 18 programs and homebuyer information and available rehabilitation programs. 19 20 Member Masche suggested comparing other first-ring cities (e.g. St. Louis Park) to see the 21 maximum number of their loan programs. 22 23 Ms. Malrick advised that rebates were popular in 2008, but the money made available by the 24 Metropolitan Council had run out, even though some cities had set aside those funds, not as a 25 revolving loan fund, but to provide another option (e.g. Crystal, Robbinsdale, etc.), and were 26 offered as part of the initial stimulus deals and tax credits. 27 28 Chair Maschka thanked Ms. Malrick for her attendance and information. 29 30 b.Authorize Contract with ChandleThinks 31 32 10.Information Reports and Other Business (Verbal Reports by Staff and Board Members) 33 34 a.Roseville Business Exchange 35 Ms. Kelsey announced the Roseville Business Exchange, held the fourth Wednesday of each 36 month, with the next one being tomorrow; and invited HRA members to attend these 37 opportunities to get to know business leaders in the community. 38 39 Ms. Kelsey advised that the 1840 Hamline Avenue property had closed last week, so activity 40 should be starting soon on the site. Ms. Kelsey noted that the previous home’s value was less 41 than $130,000, and the new home’s value was anticipated at $420,000, also increasing the tax 42 revenue for the City, as previously discussed during Mr. Bilotta’s presentation. However, Ms. 43 Kelsey did note that none of the homes sold and recuperated to-date in the 2000 program had 44 recovered the HRA’s cost for demolition. 45 46 Chair Maschka suggested a discussion point going forward needed to be incorporating 47 recovery of demolition costs in the criteria for the selection process. 48 49 11. Adjournment 50 Chair Maschka alerted Vice Chair Lee that he would be unavailable for the November 10, 2014 joint 51 meeting with the City Council. 52 53 The meeting was adjourned at approximately 7:06 p.m. 54 55 Joint Meeting with City Council: November 10, 2014 at 6:00 p.m.