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®1 <br /> 1 CITY OF ST. ANTHONY <br /> 46 HOUSING AND REDEVELOPMENT AUTHORITY MEETING <br /> 4 <br /> 5 JUNE 24, 2003 <br /> 6 <br /> 7 CALL TO ORDER. <br /> 8 Chair Hodson called the meeting to order at 8:00 p.m. <br /> 9 <br /> 10 ROLL CALL. <br /> 11 Commissioners present: Chair Hodson; Commissioners Sparks, Thuesen, Horst, and Faust. <br /> 12 Commissioners absent: None. <br /> 13 Also present: Executive Director Michael Morrison and City Attorney Jerome <br /> 14 Gilligan. <br /> 15 <br /> 16 <br /> 17 I. APPROVAL OF JUNE 24, 2003, H.R.A. AGENDA. <br /> 18 Motion by Commissioner Faust to approve the June 24, 2003, Housing and Redevelopment <br /> 19 Authority Agenda as presented. <br /> 20 <br /> 21 Motion carried unanimously. <br /> 22 <br /> 23 II. CONSENT AGENDA. <br /> 0 Motion by Commissioner Sparks to approve the Consent Agenda, which consisted of: <br /> 26 A. H.R.A. Meeting Minutes of MM 28, 2003; and <br /> 27 B. Claims. <br /> 28 <br /> 29 Motion carried unanimously. <br /> 30 <br /> 31 III. PUBLIC HEARINGS <br /> 32 A. H.R.A. Resolution 03-014 re: Approval of the sale of properties located on Kenzie <br /> 33 Terrace owned by the St. Anthony Village HRA. <br /> 34 Chair Hodson opened the public hearing at 8:01 p.m. <br /> 35 <br /> 36 Stacie Kvilvang, Ehlers and Associates, stated that the St. Anthony Housing and Redevelopment <br /> 37 Authority desired to sell the H.R.A-owned properties located on Kenzie Terrace for <br /> 38 redevelopment purposes. Requests for proposals were sent out and two proposals were received. <br /> 39 Following review of the proposals, the H.R.A. approved LaNel Financial's development concept <br /> 40 for said 1.06-acre site to construct 38 rental units. The City's financial advisors recommended <br /> 41 the H.R.A. sell said lots as proposed at a purchase price of$285,000, based upon conditions as <br /> 42 set forth in the Agreement. This action would allow the closing for the property,to commence by <br /> 43 August 15, 2003, with construction slated to begin on September 1, 2003. <br /> 44 <br /> 45 Ms. Kvilvang displayed a chart of properties purchased by the HRA from 1996 to 1999. She <br /> qp stated that the collective costs for acquisition, demolition, relocation and other soft costs equaled <br /> $444,000. She indicated that the new development, property evaluation and taxes generated <br /> 48 would help the City recapture those costs in approximately 7.5 years. She felt that redeveloping <br />