10-22-84 Human Resources & Economic Development

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alortuntrth Erpur2 On tl a Olmmnwn Council of Or Mfg of f3uutfi 35rnhs Human Resources and Economic Development Committee The October 22, 1934 meeting of the Human Resources and Economic Development Committee was called to order by its Chairman, Council- man Eugenia Braboy at 4: 30 D.M. in the Council informal meeting room. Persons in attendance included: Councilmen Voorde, Puzzello, Braboy, Paszek, Beck, and Zakrzewski, Ann Kolota, Colleen Rosenfeld, Larry Johnson, Jeff Gibney, Jim Wensits , and Kathleen Cekanski-Farrand. Councilman Braboy noted that the purpose of the meeting was to review three bills sent to the Committee for review and recommendation as well as to review Resolution 9E under miscellaneous matters. Colleen Rosenfeld reviewed Bill No. 112-84 which would appropriate $390,000 of Seca 103 Loan Guarantee Funds for activities in the East Bank Development area In response to Councilman Voorde' s question regarding Sec. 108 funds , Mrs. Rosenfeld noted that the loan would be against future CD Entitlement Funds which would be in the amount of $2,590, 000. Repayment would begin in 1985 with payback over a six year period. Interest is set at the time of repayment. The funds would be used Primarily for acquisition and relocation. Ann Kolota noted that two independent appraisers are needed when dealing in this area Appraisals are questioned when there is more than a 15% difference between the two received. The entire Mill Race area containing between 7-8 acres would be owned by Redevelopment. Alot of interest Has been expressed. A residential study and a marketing brochure is being developed, plus Redevelopment is working with Area Plan and MACOG for proposed plans of development. The entire area is zoned A-3 with all ore-existing uses being grandfathered. Jim Wensits questioned who made up Mill Race, Inc, and was advised that he would have to contact the attorney for the corporation since that information was not made available to Redevelopment. It was also noted that income earned is considered "programmed income" , however the City uses an escrow account for Sec. 108 money. Following further discussion, Councilman Beck made a motion seconded by Councilman Puzzello that Bill No 112-84 go to Council favorably. The motion passes unanimously. Mrs. Rosenfeld then reviewed Substitute Bill No 113-84 (copy attached) which would transfer $62,000 among various accounts within the Division of Community Development. She noted that the original bill requested a transfer of $48,000. The Committee then discussed the activities of the Housing Authority through their contract, and it was noted that 14 units will be completed. In response to Councilman Zakrzewski' s it was noted that such things as replacement of drywall, lighting fixtures , fixtures , replacing of doorknobs, etc. were all a part of the activites Councilman Voorde noted that the • renovations at Ford and Olive were done quite well Councilman Voorde requested the square footage of the present location for the Bureau of Housing and Mrs. Rosenfeld stated that she would get that informa- tion. /•., oats. .. ►V•\at MIN• Co.