CC PACKET 12181984 - Laserfiche WebLink

Home Browse Search

CITY OF ST. ' ANTHONY HOUSING AND REDEVELOPMENT .AUTHORITY MINUTES • December 4, 1984 The meeting was called to order by- Chairmarr Sundland at 10:1.6..P.M. ( Present for roll call : *Sundland, Vice Chair Enrooth, . Secretary/Treasurer Marks, and Commissioners Ranallo and Makowske. ! Also present: David Childs, Executive Director; William Soth, Attorney; and Richard Krier of the Derrick Land Company, Consultant. ' Motion by Commissioner Ranallo and seconded by the Chair to approve as submitted the i minutes of the H.R.A. meeting held November 13, 1984. Motion carried unanimously. Motion by Commissioner Ranallo and seconded by Secretary/Treasurer Marks to approve payment of $105 to Dorsey & Whitney for legal services rendered the H.R.A. in relation to the 202 senior housing development during October, 1984. Motion carried unanimously. Mr. Krier distributed copies of his proposed agenda and recommendations for action related to the H.R.A. ' s acquisition of the irregular parcel of land containing 110,912 plus, square feet which is owned by the Walbon family at the corner of Old Highway 8 and 33rd Avenue N.E. In his memorandum, the Consultant had listed five developers who had indicated an interest in doing the project and Mr. Krier- had attached to his memo copies of the real estate, fixture, review, and relocation appraisals for the project. As he had stated in his memorandum, Mr. Krier reiterated his recommendation that the H.R.A. should authorize signature of the Purchase Agreement with the Walbons. Although he and Mr. Childs had negotiated with the Walbons without first securing a redeveloper or developing a Redevelopment or Tax Increment Plan which would have to be accomplished before the redevelopment could occur, the Consultant said he based that recommendation on the positive neighborhood response to the proposed townhome redevelopment of the property and the demonstration of interest of developers in doing the project as well as the fact that the Walbon's had an opportunity to acquire relocation property, which was contingent upon the sale of their property and the agreement had to be closed before December 28th, with little chance of extension of the offer. Mr. Krier indicated he perceived the Walbons might withdraw their offer to sell their property if that happened. Commissioner Ranallo indicated that, in view of the problems with financing which had been experienced with the Kenzington project, he would be very wary of having the H.R.A. acquire any more land without a concrete proposal from a developer. The Secretary/Treasurer indicated he perceived the H.R.A. would be gambling no matter which course of action was taken and he pointed out that the agreement called j for the Walbon's leasing the land and paying for the utilities, insurance, and other operating costs until their.-new building is completed, which would at least- pay the interest in the interim. !