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1 CITY OF ST. ANTHONY <br /> 2 <br /> 3 HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES <br /> 4 — <br /> 5 JUNE 22, 2004 <br /> 6 <br /> 7 CALL TO ORDER <br /> 8 Chair Hodson called the meeting to order at 8:45 p.m. <br /> 9 <br /> 10 PLEDGE OF ALLEGIANCE. <br /> 11 Chair Hodson invited the Council and audience to join him in the Pledge of Allegiance. <br /> 12 <br /> 13 ROLL CALL. <br /> 14 Present: Chair Hodson; Commissioners Horst, Stille, Thuesen, and Faust. <br /> 15 Absent: None. <br /> 16 Also Present:' Executive Director Mike Mornson. <br /> 17 <br /> 18 I. APPROVAL OF JUNE 22, 2004 CITY H.R.A. AGENDA. <br /> 19 Motion by Commissioner Faust, seconded by Commissioner Horst, to approve the H.R.A. <br /> 20 Agenda of June 22, 2004. <br /> 21 <br /> 22 Motion carried unanimously. <br /> 23 <br /> 24 H. CONSENT AGENDA. <br /> 25 1. Approve June 8, 2004, H.R.A. Meeting Minutes. <br /> 26 2. Consider-PMMent of claims. <br /> 27 Motion by Commissioner Thuesen, seconded by Commissioner Stille, to approve the Consent <br /> 28 Agenda items. <br /> 29 <br /> 30 Motion carried unanimously. <br /> 31 <br /> 32 III. PUBLIC HEARINGS. <br /> 33 None. <br /> 34 <br /> 35 IV. GENERAL POLICY OF BUSINESS OF THE H.R.A. <br /> 36 1. Resolution 04-010, Approving the Development Agreement with Dominium Group. <br /> 37 Stacie Kilvang, of Ehlers and Associates, reviewed with the Council the summary of the rental <br /> 38 housing re-development agreement which included the following items: <br /> 39 <br /> 40 1. Development <br /> 41 The Redevelopment Agreement("Agreement")is by and between the HRA and <br /> 42 St. Anthony Leased Housing Associates I, Limited Partnership (the "Developer"), <br /> 43 which is a single purpose entity formed by Dominium Development& <br /> 44 Acquisition LLC. The Developer has entered into a Purchase Agreement with <br /> 45 Apache Redevelopment, LLC, the Master Redeveloper,to acquire the property by <br /> 46 September 30, 2004,which may be extended to January 31, 2005. The purchase <br /> 47 price for the property is $2,750,000 or$10,536/unit. <br /> 48 <br />