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The Housing and Redevelopment Authority agreed to move forward with the Hillblock project, described as Faribault's largest historic redevelopment effort, which is seeking a low-interest loan stated in the minutes as between $200,000 and $3,000,000. The board also unanimously approved three financial and administrative resolutions.
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The Hillblock project will continue toward consideration, but the minutes do not show a final approval of the requested loan amount. A building walk-through was scheduled for March 3. The board also approved new account signatories, wrote off uncollectible accounts, and authorized closing Robinwood Manor-related bank accounts and transferring funds to a new account.
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