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H.R.A. MEETING <br /> JULY 14 , 1992 <br /> PAGE 3 <br /> 4 <br /> 5 <br /> 6 <br /> 7 Bill Soth, H.R.A. Attorney, advised that the project is now <br /> 8 done and certain obligations of the developer contained in the <br /> 9 agreement have been met . He noted that some covenants do <br /> 10 survive and some changes are to be made. One of these is that <br /> 11 excess tax increment payments can only go to the partnership. <br /> 12 He also recommended that the Certificate be approved subject <br /> 13 to the language changes he had suggested which includes no <br /> 14 default . <br /> 15 <br /> 16 Motion by Marks, second by Enrooth to approve Resolution No. <br /> 17 92-003 which is a resolution approving execution of <br /> 18 subordination agreement relating to redevelopment contract <br /> 19 with St . Anthony LaNel with additions as suggested by the <br /> 20 H.R.A. Attorney. <br /> 21 <br /> 22 Motion carried unanimously <br /> 23 <br /> 24 7 . ADJOURNMENT <br /> 25 <br /> 26 Motion by Marks, second by Wagner to adjourn the N.R.A. <br /> Meeting at 8 :-45 p.m. <br /> 29 Motion carried unanimously <br /> 30 <br /> 31 <br /> 32 <br /> 33 Respectfully submitted <br /> 34 <br /> 35 <br /> 36 Jo-Anne Student , H.R.A. Recording Secretary <br /> 37 <br /> 38 <br /> 39 <br /> 40 <br /> • <br />