05-28-1998 - Laserfiche WebLink

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homes be targeted. Dorgan suggested that it would be appropriate to target homes built before 1965 because there are no areas of the City where there are concentrations of homes that need improvements. Over 50 %of the homes in the city were built before 1965 and these homes show the greatest need for home improvement. Dorgan stated that the staff recommended that the EDC pass Resolution No. 98-EDC-23 recommending EDA consideration to apply for the MHFA Community Fix-up Fund Program. Housing Inspector Dorgan also highlighted the current status of the development of a city sponsored home improvement loan program. Discussion followed concerning the need for such a program, limited city resources, alternate program guidelines, and what income limits should be used. Motion/Second: Field/Goff to approve Resolution No. 98-EDC-23. Motion Carried 4 Ayes 0 Nays B. Home Improvement Fair Housing Inspector Dorgan discussed the home improvement fairs and the potential benefits to the community. Dorgan recommended approval of Resolution No. 98-EDC-22 recommending EDA consideration to appropriate $2500 of TIF funds to develop a home improvement fair for the spring of 1999. Motion/Second: Field/Goff to approve Resolution No. 98-EDC-23 Motion Carried 4 Ayes 0 Nays C. Update of Proposal for Tax Increment Financing for Development of a Hotel/Conference Center Community Development Director Jopke summarized the current status of project pointing out that the city staff is in the process of trying to refine the potential acquisition and relocation costs to see if the project will work from an economic standpoint. 6. REPORTS FROM CHAIR, COMMISSIONERS,AND STAFF: None 7. ADJOURNMENT There being no further business before the Commission, this meeting of the Economic Development Commission adjourned at 9:05 a.m. Respectfully Submitted, Rick Jopke Community Development Director N:\DATA\GROUPS\ECONDEV\EDA-EDC\EDCMIN4.98