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C I TY T <br /> (DE, <br /> S _ ANTHONY <br /> • HOUSING . AN D R E D EV E L O PMENT <br /> AUTHOR= TY M I N U T E S <br /> MAR C H 24 , 3- 987 <br /> The Special Housing and Redevelopment Authority meeting with walker <br /> Development Corporation representatives regarding the Kenzie Terrace <br /> Redevelopment project which had been adjourned at 7 : 25 P.M. for the <br /> Council meeting was reconvened by Chairman Sundland at 9 : 08 P.M. <br /> Present for roll call : Sundland, Vice Chair Enrooth, Secretary/ <br /> Treasurer Marks, and Commissioners Ranallo <br /> and Makowske. <br /> Also present: Executive` Director David Childs <br /> H.R.A. Attorney Jerry Gilligan of the. Dorsey <br /> and' Whitney law firm. <br /> During the special meeting called to discuss a suggestion by Walker <br /> Methodist Homes that they take over for .Arkell Development Corporation <br /> as developers of Phases II and III- of the Kenzie Terrace project, H.R.A. <br /> members had concurred with the Walker representatives that an updated <br /> feasibility study of the project was essential. <br /> vice Chair Enrooth agreed with the Secretary/Treasurer that, because of <br /> • the bonding time constructions , it was imperative that the study be done <br /> as. soon as possible. He suggested a bid to do the study should be <br /> sought from the firm who had made the original study of the project to <br /> see if the fact that they had the original research available might be <br /> beneficial towards accelerating the process. <br /> H.R.A. Action <br /> Motion by Marks , seconded by Enrooth to authorize the Executive Director <br /> to expend up to $20 , 000 for the feasibility study for Phases II and III <br /> of the Kenzie Terrace Redevelopment Project which the H.R.A. had <br /> discussed with walker representatives during their March 24 , _ 1987 <br /> meeting. Mr. Childs is further directed to have the concerns the <br /> developers had about the project addressed in that study. - <br /> Motion carried unanimously. <br /> Chairman Sundland said he wanted the record to read that his <br /> understanding of the conversation with Walker had been that the <br /> developers would get no exclusive treatment related to the Letter of <br /> Credit required by the Redevelopers Agreement now that the City and not <br /> the deverlopers were having the study done. Mr. Gilligan agreed that <br /> the criteria for any other agreement would have had to be negotiated <br /> with Walker , which would delay the start of construction even further. <br /> • <br />