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S T C 31 TY- O F e ANTHONY • HOUS3'NG AND REDEVELOP.MENT • AUTHOR2 TY M=NUTES• SEPTEMBER 2 2. 1 3.8 7 ' 1 The meeting was called ' to -order by Chairman Sundland .at 10: 1-5. :P.M.. 2 Present: Sundland, Secretary/Treasurer Marks , and Commissioners 3 Ranallo and 'Makowske.- - 4 Absent: Vice Chair Enrooth: , 5 Also present: David Childs; Executive Director 6 William Soth, H.R.A. Attorney 7 AUGUST 25 , 1987 H.R.A. MINUTES 8 Motion by Marks, seconded by Ranallo -. to approve with the following 9 change: 10 Page 3 , line 4 : Substitute "accent" for "accept" after "to" 11 Motion carried unanimously. 12 CLAIMS *3 Motion by Marks, ze'conded by Ranallo, 'to approve payment of $1 , 10.1 . 25 14 to the Dorsey & Whitney law firm for legal services to the H.R.A. . 15 during July, 1987 . 16 Motion carried unanimously. 17 PROGRESSREPORT ON KENZIE PROJECT AND REDEVELOPMENT AGREEMENT 18 The agenda packet included Mr. Krier ' s September 16th report and 19 advisory letter to Mr. Arkell on the above. 20 The Executive Director gave the sequence of events he expected to be 21 followed in the next 20 days, telling the Commissioners: 22 staff met with the redevelopers the previous Thursday and 23 "things are progressing very well" ; 24 the center owner wants more than twice what the H.R.A. is 25 willing to pay . for the shopping center property; 26 the redeveloper is therefore going to be instructed to sell and 27 place- the Housing Revenue Bonds , thereby removing any risk for 28 the City before acquiring the land; 9 after the bond sale is- completed, staff would start to acquire 0 the land, perceiving to wait. would only delay construction for 31 two months; 32 in the meantime , all preparations are being made for -acquisi- 33 tion including new appraisals , soil testing, etc. 1