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• CITY OF ST. ANTHONY <br /> AND F:EDEVELGPMEN T AUTHORITY <br /> DECEMBER 10, 1991 <br /> 7 <br /> 3 1. CALL TO ORDER <br /> 9 <br /> The meeting was called to order by Chairperson Ranallo at 8: 40 <br /> i p. m. <br /> L4 2. ROLL CALL <br /> 5 <br /> L5 Present : Chairperson Ranallo, Vice Chair Enrooth, <br /> L7 Secretary/Treasurer Marks, and Commissioners <br /> 'g Fleming and Wagner. <br /> , 9 <br /> 0 Staff Present : Executive Director Burt and Management <br /> 21 Assistant Urbia <br /> 23 <br /> _4 3. APPROVAL OF DECEMBER 10, 1991 H. R. A. AGENDA <br /> .5 <br /> Ile Motion by Fleming, second by Marks to approve the agenda for <br /> the December 10, 1991 H. R. A. meeting as presented and there <br /> 28 were no corrections nor additions. <br /> '9 <br /> ?0 Motion carried unanimously <br /> 31 <br /> 32 <br /> 33 4. APPROVAL OF NOVEMBER 26, 1991 H. R. A. MEETING MINUTES <br /> 34 <br /> 35 Motion by Wagner, second by Marks to approve the minutes of <br /> 26 the November 26, 1991 H. R. A. meeting as presented and there <br /> 37 were no corrections. <br /> 38 <br /> 39 Motion carried unanimously <br /> 40 <br /> _.1 <br /> 5. LANEL TAX INCREMENT REQUEST <br /> _4 <br /> 45 LaNel is requesting from the City the infusion of $50, 000 per <br /> ?L- year of the excess generated tax increment into the operating <br /> 17 expenses of the Autumn Woods development. This infusion is <br /> 18 necessary to ensure the continuity of operations as well as <br /> -19 protecting the taxpayers from possible default. <br /> '= L A handout, prepared by Springsted Financial Advisors, was <br /> distributed to the Council which addressed the project=d <br /> '5- numbers regarding the tax increment district surplus and which <br /> 54 justified the use of the surplus. <br />