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CITY OF ST. ANTHONY <br /> HOUSING AND REDEVELOPMENT AUTHORITY <br /> 4 <br /> 5 DECEMBER 10, 1991 <br /> 6 <br /> 7 <br /> 8 1. CALL TO ORDER <br /> 9 <br /> 10 The meeting was called to order by Chairperson Ranallo at 8:40 <br /> 11 p. m. <br /> 12 <br /> 13 <br /> 14 2. ROLL CALL <br /> 15 <br /> 16 Present : Chairperson Ranallo, Vice Chair Enrooth, <br /> 17 Secretary/Treasurer Marks, and Commissioners <br /> 18 Fleming and Wagner. <br /> 19 <br /> 20 Staff Present : Executive Director Burt and Management <br /> 21 Assistant Urbia <br /> 22 <br /> 23 <br /> 24 3. APPROVAL OF DECEMBER 10, 1991 H. R. A. AGENDA <br /> 25 <br /> 20 Motion by Fleming, second by Marks to approve the agenda for <br /> 2 the December 10, 1991 H. R. A. meeting as presented and there <br /> 28 were no corrections nor additions. <br /> 29 <br /> 30 Motion carried unanimously <br /> 1 <br /> 32 <br /> 33 4. APPROVAL OF NOVEMBER 26, 1991 H. R. A. MEETING MINUTES <br /> 34 <br /> 35 Motion by Wagner, second by Marks to approve the minutes of <br /> 36 the November 26, 1991 H. R. A. meeting as presented and there <br /> 37 were no corrections. <br /> 38 <br /> 39 Motion carried unanimously <br /> 40 <br /> 41 <br /> 42 <br /> 43 5. LANEL TAX INCREMENT REQUEST <br /> 44 <br /> 45 LaNel is requesting from the City the infusion of $50, 000 per <br /> 46 year of the excess generated tax increment into the operating <br /> 47 expenses of the Autumn Woods development. This infusion is <br /> 48 necessary to ensure the continuity of operations as well as <br /> 49 protecting the taxpayers from possible default. <br /> 50 <br /> 51 A handout, prepared by Springsted Financial Advisors, was <br /> 5� distributed to the Council which addressed the projected <br /> 53 numbers regarding the tax increment district surplus and which <br /> 54 justified the use of the surplus. <br />