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1 CITY OF ST. ANTHONY <br /> 2 HOUSING AND REDEVELOPMENT AUTHORITY MEETING <br /> 3 September 14, 2004 <br /> 4 <br /> 5 <br /> 6 CALL TO ORDER <br /> 7 Chair Pro-tem Thuesen called the meeting to order at 10:16 p.m. <br /> 8 <br /> 9 ROLL CALL. <br /> 10 Commissioners present: Chair Pro-tem Thuesen; Commissioners Horst, Stille, and Faust. <br /> 11 Commissioners absent: None. <br /> 12 Also present: Executive Director Michael Morrison and City Attorney Jerome <br /> 13 Gilligan. <br /> 14 <br /> 15 <br /> 16 I. APPROVAL OF SEPTEMBER 14, 2004 H.RA. AGENDA. <br /> 17 Motion by Commissioner Faust, seconded by Commissioner Horst,to Approve the H.R.A. <br /> 18 Agenda of September 14, 2004. <br /> 19 <br /> 20 Motion carried unanimously. <br /> 21 <br /> 22 H. CONSENT AGENDA. <br /> 23 A. Approve August 10,2004,H.R.A. Minutes. <br /> 24 B. Claims. <br /> 25 <br /> 26 Motion by Commissioner Horst, seconded by Commissioner Stille, to Approve the Consent <br /> 27 Agenda. <br /> 28 <br /> 29 Motion carried unanimously, <br /> 30 <br /> 31 III. PUBLIC HEARINGS. <br /> 32 None. <br /> 33 <br /> 34 IV. GENERAL POLICY OF-BUSINESS OF THE H.R.A. <br /> 35 A. Kenzie Terrace Redevelopment, LaNel Financing, Stacie Kvilvang Elhers and <br /> 36 Associates,presenting <br /> 37 Stacie Kvilvang of Ehlers and Associates reported in June of 2004 there was a discussion with the <br /> 38 Board of the Housing and Redevelopment Authority(HRA) regarding the sale of the HRA owned <br /> 39 land located along Kenzie Terrace. She noted the City had entered into a Purchase Agreement with <br /> 40 LaNel Financial who intended to construct 38 senior apartment units and incorporate the site into their <br /> 41 existing Autumn Woods apartment community. She indicated they proposed to purchase the <br /> 42 property for $285,000 ($7,500/unit)and were going to begin construction in 2003,however,due to <br /> .. 43 market conditions(high vacancy rates at Autumn Woods and in the Metropolitan Area in general), <br /> 44 the City did not close on the property and construction was not commenced. <br /> 45 Ms.Kvilvang stated at a June meeting,the HRAprovided Staff direction to sell the land to LaNel on <br /> 46 either a Contract for Deed or outright so the land could become taxable again, and requested that if <br /> 47 this could not happen prior to July 1, 2004 (date of property conversion from tax exempt to <br />