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1 CITY OF ST. ANTHONY <br /> HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES <br /> MAY 28, 1996 <br /> 4 I. CALL TO ORDER/ROLL CALL. <br /> 5 The meeting was called to order at 8:11 P.M. <br /> 6 II. ROLL CALL. <br /> 7 Commissioners Present: Chair Ranallo, Vice Chair Enrooth, Secretary Marks, <br /> 8 Commissioners Wagner and Faust. <br /> 9 Also Present: Executive Director Michael Momson and Finance Director Roger Larson. <br /> - 10 III. APPROVAL OF MAY 28, 1996 HRA AGENDA. <br /> 11 Motion by Marks, second by Enrooth to approve the May 28, 1996 HRA Agenda with the <br /> 12 following change: <br /> 13 After Item IV. Add: IV. A. 1995 HRA Audit Report <br /> 14 <br /> 15 Motion carried unanimously. <br /> 16 IV. APPROVAL OF MAY 14, 1996 HRA MINUTES. <br /> Motion by Marks, second by Wagner to approve the May 14, 1996 HRA minutes as <br /> presented. <br /> 19 Motion carried unanimously. <br /> 20 A. 1995 HRA Audit Report <br /> 21 Stuart Bonniwell, City Auditor stated he had no concerns with the HRA audit and <br /> 22 noted there was sufficient cash flow to make all the debt service payments. He <br /> 23 noted the current cash flow balance is $5.5 million which will be reduced by $2.5 <br /> 24 million as a result of building the new building. It was noted this figure did not <br /> 25 include the $1.2 million in the Capital Project Fund which the City had set aside <br /> 26 over the years for the project. He suggested-the engineer or architect cost certify <br /> 27 that the City Hall portion of the current project was at least$1.2 million to satisfy <br /> 28 the resolution because the bond proceeds have to be spent on the Community <br /> 29 Center only. <br /> 30 Motion by Marks, second by Wager to approve the 1995 HRA Audit Report as <br /> 31 presented. <br /> 32 Motion carried unanimously.. <br /> V. PRESENTATION OF CLAIMS. <br /> Motion by Wagner, second by Marks to approve the following claims: <br />