Laserfiche WebLink
C = TY O F S T ANTHONY <br /> H O U S I N G AN D R E ID EV E L O PM ENT <br /> • AUTHORITY M=N U T E S <br /> MAR C H 2 4 ', 1 9 8 7 <br /> The Special Housing and- Redevelopment Authority meeting with Walker <br /> Development Corporation representatives regarding- the Kenzie Terrace <br /> Redevelopment project which had been adjourned at 7 : 25 P.M. for the <br /> Council meeting was reconvened by Chairman Sundland at 9 : 08 P.M. <br /> Present for roll call: Sundland, Vice Chair Enrooth, Secretary/ <br /> Treasurer Marks , and Commissioners Ranallo <br /> and Makowske. <br /> Also present: Executive Director David Childs <br /> H.R.A. Attorney Jerry Gilligan of the Dorsey <br /> and Whitney law firm. <br /> During the special meeting called to discuss a suggestion by Walker <br /> Methodist Homes that they take over for Arkell Development Corporation <br /> as developers of Phases II and III of the Kenzie Terrace project, H.R.A. , <br /> members had concurred with the Walker representatives that an updated <br /> feasibility study of the project was essential. <br /> Vice Chair Enrooth agreed with the Secretary/Treasurer that, because of <br /> • the bonding time constructions , it was imperative that the study be done <br /> as soon as possible. He suggested a bid to do the study should be <br /> sought from the firm who had made the original study of the project to <br /> see if the fact that they had the original research available might be <br /> beneficial towards accelerating the process. <br /> H.R.A. Action <br /> Motion by Marks, seconded by Enrooth to authorize the Executive Director <br /> to expend up to $20 , 000 for the feasibility study for Phases II and III <br /> of the Kenzie Terrace Redevelopment Project which the H.R.A. had <br /> discussed with Walker representatives during their March 24 , 1987 <br /> meeting. Mr. Childs is further directed to have the concerns the <br /> developers had about the project addressed in that study. <br /> Motion carried unanimously. <br /> Chairman Sundland said he wanted the record to read that his <br /> understanding of the conversation with Walker had been that the <br /> 'developers would get no exclusive treatment related to the Letter of <br /> Credit required by the Redevelopers Agreement now that the City. and not <br /> the deverlopers were having -the study done. Mr. Gilligan agreed that <br /> the criteria for any other agreement would have had to be negotiated <br /> with Walker, which would delay the start of construction even further. <br />