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Housing and Redevelopment Authority Meeting Minutes <br /> May 26, 1998 <br /> Page 2 • <br /> 1 second is the refunding bonds for the Walbon District. The third is the bonds for the <br /> 2 community center. The fourth is the TIF.related to Apache Plaza. <br /> 3 Mr. Bonniwell noted that Chandler and Evergreen were paid back to the developers. The <br /> 4 Community Center has funds remaining in the amount of$145,000. The contractor is still <br /> 5 due $45,000 and the remainder is for construction of the tennis courts, etc. <br /> 6 Marks asked if it would be possible to utilize the audit reports and reconstruct the history <br /> 7 of the City's redevelopment and provide a summary of the debt incurred through the <br /> 8 entire HRA process. It would also demonstrate the benefits to the City of TIF funding. <br /> 9 Mr. Bonniwell stated this could be accomplished. <br /> 10 Motion by Marks, second by Faust to approve the 1997 City of St. Anthony HRA Audit <br /> 11 as presented by Stuart Bonniwell, Certified Public Accountant. <br /> 12 Motion carried unanimously. <br /> 13 VII. OTHER BUSINESS. <br /> 14 Cavanaugh asked if a tax impact study had been performed. <br /> 15 Mornson reported he had worked with Bob Thistle, Springsted, and it was his opinion <br /> 16 that a tax impact study was not necessary. This was due to a State Legislative change <br /> 17 which allows funds from other districts to be utilized. <br /> 18 Cavanaugh asked how time lines for the Kenzie project and the trailer park were <br /> 19 established. He asked if these are active projects. <br /> 20 Mornson explained that the Council discusses in Work Session format, which areas of the <br /> 21 City they would like redeveloped and funds for that are set aside. The City Manager is <br /> 22 then directed to pursue that redevelopment. In the Kenzie area there was a case of willing <br /> 23 seller/willing buyer. The mobile home owner is not yet willing to sell. <br /> 24 . Mayor Ranallo noted that the mobile home owner has to deal with relocation costs and <br /> 25 there would also have to be an area for water retention on the site. <br /> 26 Cavanaugh suggested that a moratorium be placed on the mobile homes and that every <br /> 27 time a home becomes vacant in the lot,that it be demolished. <br /> 28 Mornson noted this is an issue for review at a Work Session. <br /> 29 Motion by Cavanaugh, second by Marks to adjourn the meeting at 9:40 P.M. • <br />