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Housing and Redevelopment Authority Meeting Minutes November 9, 1999 Page 6 1 Ranallo expressed his support for the project, with the exception of item no. 13 of the Letter of 2 Understanding. 3 Motion by Marks, second by Faust, to approve the Letter of Understanding regarding-the St. 4 Anthony Shopping,Center. 5 Voting on the Motion: Cavanaugh, Marks, Faust, Thuesen voted aye. Ranallo voted nay. 6 The motion carried. 7 Motion by Marks, second by Thuesen, to approve Resolution 99-003, which states that the 8 Housing and Redevelopment Authority of the City of St. Anthony hereby approves an 9 amendment to the Tax Increment Financing Fund, with the exception that the dollar amount of 10 $600,000 for the fourth item be stricken, and replaced with$1.2 million, as follows: FUNDS THAT COULD BE 11 PROJECT ACTIVITY AUTHORIZED -NOT YET SPENT STATUS 12 Redevelop vacant property be- .13 tween Industrial Custom Prod- 14 ucts and the Amoco Station on $233,000 ' 15 37`'Avenue NE No Change No activity 16 Bridge work along Silver Lake 17 Road between 37`h Avenue NE Project-scheduled for 18 and Silver Lane $270,000 1999/2000 19 Redevelop bowling alley 20 property on Kenzie Terrace $100,000 No activity 21 Redevelop St. Anthony 22 Shopping Center area along New 23 Brighton Boulevard and Kenzie $1,200,000 No activity 24 Terrace 25 Redevelop vacant lots by Twin $75,000 26 City Federal No Change No activity 27 Redevelop 10 residential lots by 28 Kenzie plus add Kentucky Fried Have purchased 4 homes, 29 Chicken, pizza, video,properties $400,000 spent$250,000 and will 30 and Firstar lot This will be decreased significantly purchase 1 more Spent$300,000 on Cub 31 Redevelop Apache Plaza area $400,000 Foods project $250,000 32 Streetscape within the City No change No activity 33 TOTAL: $2,928,000 •