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Housing and Redevelopment Authority Meeting Minutes <br /> April 23, 1996 <br /> Page 2 <br /> 1 Motion by Marks, second by Faust to approve Resolution H.R.A. 1996-001, approving <br /> 2 execution and delivery of Redevelopment Agreement and other agreements in connection <br /> 3 with redevelopment of Apache Plaza Shopping Center. <br /> 4 Motion carried unanimously. <br /> 5 VII. H.R.A. RESOLUTION 1996-002,RE: APPROVING SATISFACTION OF <br /> 6 CHANDLER PLACE TIF LOAN BY PAYMENT OF $600,000 AND <br /> 7 AUTHORIZING $100,000 OF TIF ASSISTANCE FOR THE ST. ANTHONY <br /> 8 HEALTH CARE EXPANSION, IF THAT OCCURS. <br /> 9 City Attorney Gilligan explained a TIF loan was extended in 1985 in connection with the <br /> 10 1985 bond and construction of Chandler Place. This proposal will accept$600,000 in <br /> 11 full satisfaction of the loan. HRA also agrees to provide $100,000 from tax increment <br /> 12 revenue from the TIF District to pay a portion of the costs of the expansion of the St. <br /> 13 Anthony Health Center if it occurs. <br /> 14 Motion by Marks, second by Enrooth to approve H.R.A. Resolution 1996-002, approving <br /> 15 execution and delivery of First Amendment to Development Agreement relating to <br /> 16 Chandler Place Project. <br /> 17 Motion carried'unanimously. <br /> 18 Mayor Ranallo asked when the bonds would be let out for CUB Foods. Mr. Gilligan <br /> 19 explained if the resolution is authorized on May 14, 1996,the bonds will be sold in.June. <br /> 20 Closing would occur two weeks after that and payment would be made near the end of <br /> 21 June. <br /> 22 The Bergrens were in attendance at this meeting. <br /> 23 VII. ADJOURNMENT. <br /> 24 Motion by Marks, second by Enrooth to adjourn the meeting at 7:42 P.M. <br /> 25 Motion carried unanimously. <br /> 26 Respectfully.submitted, <br /> 27 Lorri Kopischke <br /> 28 TimeSaver Off Site Secretarial <br />