Laserfiche WebLink
i <br /> 1 City of St. Anthony <br /> 2 Housing and Redevelopment Authority Minutes <br /> 3 May 24, 1994 <br /> 4 Page 2 <br /> 5 B. City of St. Anthony General Fund. <br /> 6 City of St. Anthony General Fund in the amount of$24,039.20 for expenses <br /> 7 incurred regarding the 27th and Coolidge Avenue project. <br /> 8 Motion carried unanimously. <br /> 9 VI. TAX INCREMENT FINANCING/EVERGREEN TOWNHOMES. <br /> 10 It has been recommended by Jerry Gilligan of Dorsey & Whitney and Bob Thistle of <br /> 11 Springsted, Inc., that payment on the Evergreen Tax Increment Financing District, less <br /> 12 administration costs incurred by the H.R.A., be paid to Norwest Investment Services, <br /> 13 Inc., with a set 10% of each years' revenue to be retained for administrative expenses. <br /> 14 It was also noted that this payment will be made annually until the debt is retired. <br /> 15 Motion by Marks, seconded by Enrooth to approve payment to Norwest Investment <br /> 16 Services, Inc. in the amount of$50,173.09 ($55,747.88 less $5,574.79 administrative <br /> 17 expenses). <br /> 18 Motion carried unanimously. <br /> 19 VII. ADJOURNMENT. <br /> 20 Motion by Marks, seconded by Fleming to adjourn the H.-R.A. at 8:55 P.M.. <br /> 21 Motion carried unanimously. <br /> 22 Respectfully submitted, <br /> 23 Connie Kroeplin <br /> 24 City Clerk <br /> 25 <br />