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i <br /> 1 CITY OF ST. ANTHONY <br /> 02 HOUSING AND REDEVELOPMENT AUTHORITY <br /> 3 MINUTES <br /> 4 September 26, 1989 <br /> 5 The meeting was called to order by Chair Sundland at 9:01 P.M. <br /> 6 ROLL CALL <br /> 7 Present: Sundland, Marks, Ranallo, Enrooth, Makowske. <br /> 8 Also present: Sue VanderHeyden, Acting Executive Director <br /> 9 William Soth, H.R.A. Attorney <br /> 10 AUGUST 8, 1989 H.R.A. MINUTES <br /> it Motion by Ranallo, seconded by Makowske to approve as submitted, <br /> 12 Motion carried unanimously. <br /> 13 EVERGREEN TOWNHOMES <br /> 14 David Newman, Attorney for Nedegaard Construction Company, Inc. , who had <br /> �5 taken over as Developer of the Project from Evergreen Development, <br /> 6 reported he and Jerry Gilligan of the Dorsey & Whitney Law Firm had <br /> 17 agreed on several modifications in the Redevelopment Agreement in the <br /> 18 agenda packet. Interest on the Tax Increment Revenue Note would be <br /> 19 reduced from 12% to 10.1% and the Note would be written for no more than <br /> 20 $267,000.00. Mr. Soth confirmed that those changes had been made on the <br /> 21 signature copies of the Redevelopers Agreement proposed for execution <br /> 22 that evening. <br /> 23 Redevelopment Plan, Tax Increment Financing Plan <br /> 24 Motion by Ranallo, seconded by Enrooth to adopt H.R.A. Resolution 89- <br /> 25 006. <br /> 26 H.R.A. RESOLUTION 89-006 <br /> 27 A RESOLUTION RELATING TO REDEVELOPMENT PLAN FOR <br /> 28 REDEVELOPMENT PROJECT AREA NO. 2, RAMSEY COUNTY, <br /> 29 AND THE REDEVELOPMENT PROJECT TO BE UNDERTAKEN <br /> 30 PURSUANT THERETO AND TAX INCREMENT FINANCING PLAN FOR TAX <br /> 31 INCREMENT FINANCING DISTRICT NO. 2, RAMSEY COUNTY; <br /> 32 APPROVING REDEVELOPMENT PLAN FOR REDEVELOPMENT <br /> 33 PROJECT AREA NO. 2, RAMSEY COUNTY, AND THE <br /> 34 REDEVELOPMENT PROJECT TO BE UNDERTAKEN THERETO, f" <br /> 35 TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT <br /> 36 FINANCING DISTRICT NO. 2, RAMSEY COUNTY, AND <br /> • <br />