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H.R.A. MEETING JULY 27 , 1993 3 PAGE 3 4 5 6 E. Lyle H. Nagell Company, Inc. 7 8 1 . Payment in the amount of $1 , 500 . 00 was approved to 9 the Lyle H. Nagell Company, Inc. for an appraisal 10 review and update on Rosie' s Restaurant at 2905 11 Kenzie Terrace. 12 13 2. Payment in the amount of $1 ,000 . 00 was approved to 14 the Lyle H. Nagell Company, Inc. for an appraisal- 15 review and update on the Good Luck Cafe, 2600 16 Coolidge Street Northeast . 17 18 F. Belair 19 20 Payment in the amount of $11, 507 . 00 was approved to Belair for 21 earthwork performed at the Rosie',s Restaurant and Good Luck 22 Cafe sites . 23 24 G. Norwest Investment Services, Inc. 25 Payment in the amount of $25, 932 . 00 was approved to Norwest Investment Services , Inc. to pay a portion of the costs for 8 soil correction in the Tax Increment development of the 29 Evergreen Townhomes . 30 31 The excess increment totals $28, 814 . 00 . Ten percent of this 32 amount , $2 , 881 . 40 , is allowed for administrative expenses . 33 34 6. HELLICKSON AGREEMENT 35 36 This matter is regarding the construction of an office 37 building to house a dental practice. It is to be located at 38 3901 Silver Lake Road which is in a tax increment district . 39 40 The Executive Director reviewed some of the items contained in 41 the agreement and the accompanying resolution. 42 43 Motion by Marks , second by Wagner to approve Resolution No. 44 1993-003 which is a resolution relating to redevelopment plan 45 for Redevelopment Project Area 3 - Ramsey County; approving 46 execution of redevelopment contract with R.A. Hellickson and 47 issuance of limited revenue taxable tax increment bond,.. 48 49 Motion carried 'unanimously 50 •