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Housing and Redevelopment Authority Meeting Minutes <br />November 9, 1999 <br />• Page 6 <br />I Ranallo expressed his support for the project, with the exception of item no. 13 of the_ Letter of <br />2 Understanding. <br />3 Motion by Marks, second by Faust, to approve the Letter of Understanding regarding the St. <br />4 Anthony Shopping Center. <br />5 Voting on the Motion: Cavanaugh, Marks, Faust, Thuesen voted aye. Ranallo voted nay. <br />6 <br />7 <br />8 <br />9 <br />10 <br />1 <br />12 <br />41 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />The motion carried. <br />Motion by Marks, second by Thuesen, to approve Resolution 99-003, which states that the <br />Housing and Redevelopment Authority of the City of St. Anthony hereby approves an <br />amendment to the Tax Increment Financing Fund, with the exception that the dollar amount of <br />$600,000 for the fourth item be stricken, and replaced with $1.2 million, as follows: <br />PROJECT ACTIVITY <br />Redevelop vacant property be- <br />tween Industrial Custom Prod- <br />ucts and the Amoco Station on <br />37' Avenue NE <br />Bridge work along Silver Lake <br />Road between 37' Avenue NE <br />and Silver Lane <br />Redevelop bowling alley <br />property on Kenzie Terrace <br />Redevelop St. Anthony <br />Shopping Center area along New <br />Brighton Boulevard and Kenzie <br />Terrace <br />Redevelop vacant lots by Twin <br />City Federal <br />Redevelop 10 residential lots by <br />Kenzie plus add Kentucky Fried <br />Chicken, pizza, video properties <br />and Firstar lot <br />31 Redevelop Apache Plaza area <br />4 Streetscape within the City <br />33 TOTAL: <br />FUNDS THAT COULD BE <br />AUTHORIZED - NOT YET SPENT STATUS <br />$233,000 <br />No Change No activity <br />Project scheduled for <br />$270,000 1999/2000 <br />$100,000 No activity <br />$1,200,000 No activity <br />$75,000 <br />No Change No activity <br />Have purchased 4 homes, <br />$400,000 <br />spent $250,000 and will <br />This will be decreased significantly <br />purchase 1 more <br />Spent $300,000 on Cub <br />$400,000 <br />Foods project <br />$250,000 <br />No change <br />No activity <br />$2,928,000 <br />