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1 <br />3 <br />4 I. <br />5 <br />6 II. <br />7 <br />8 <br />9 <br />10 <br />12 III. <br />13 <br />14 <br />CITY OF ST. ANTHONY <br />HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES <br />January 9, 2001 <br />CALL TO ORDER. <br />The meeting was called to order by Chairman Cavanaugh at 9:25 p.m. <br />ROLL CALL. <br />Commissioners present: Chairman Cavanaugh; Vice Chair Thuesen, Commissioners <br />Sparks, Horst and Hodson. <br />Councilmembers absent: None. <br />Also present: Executive Director Michael Mornson; and City Attorney Jerome <br />Gilligan. <br />APPROVAL OF JANUARY 9, 2001 H.R.A. AGENDA. <br />Motion by Hodson to approve the January 9, 2001 H.R.A. Agenda as presented. <br />Motion carried unanimously. <br />15 IV. CONSENT AGENDA. <br />Motion by Sparks to approve the Consent Agenda, which consisted of: <br />1. H.R.A. Meeting Minutes of December 20, 2000; <br />18 2. Claims for the H.R.A.; and <br />19 3. H.R.A. Resolutions 0 1 -00 1 - 01-005. <br />20 Executive Director Michael Morrison noted the Mayor will act as Chair, Horst will act as the <br />21 Vice Chair, and Sparks will act as the Secretary and be authorized to sign documents with the <br />22 Chair and Executive Director. <br />23 Motion carried unanimously <br />24 V. GENERAL POLICY BUSINESS OF THE H.R.A. <br />25 A. H.R.A.Resolution 01-006, re: Approve Redevelopment Agreement with Meridian St. <br />26 Anthony. L.L.C. (For Wal reg ens) <br />27 City Attorney Jerome Gilligan explained that this agreement provides, upon completion of <br />28 construction of the building, disbursement of funds of up to $200,000 in TIF to reimburse them <br />29 for eligible costs. The resolution includes a provision that the debt must be repaid if the property <br />30 is sold within one year from that point. It also contains a provision for reduction in assistance if <br />31 the costs do not come in as high as estimated. He stated this is a standard redevelopment <br />32 agreement and has been used with other projects. <br />33 Chair Cavanaugh noted they cannot seek property tax exemption. Attorney Gilligan stated that <br />:4 is correct and is a covenant recorded with the land for a term of 30 years. <br />35 Sparks asked if the $200,000 will be used for soil improvements. Attorney Gilligan stated the <br />36 funds would be used for development expenses and site improvements. <br />