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Housing and Redevelopment Authority Meeting Minutes <br /> June 27, 1995 <br /> Page 2 <br /> ] V1. REDEVELOPMENT AND TAX INCREMENT FINANCING PLANS. <br /> 2 A. HRA Resolution 1995-004, re: Modification to Redevelopment Plans and Tax <br /> 3 Increment Financia Pg lans. <br /> 4 Motion by Marks, second by Enrooth to approve HRA Resolution 1995-004, <br /> 5 approving master modification to redevelopment plans and tax increment <br /> 6 financing plans and requesting the approval of the City Council. <br /> 7 Notion carried unanimously. <br /> 8 . B. HRA Resolution 1995-005 re: Amending Redevelopment Plan and Tax <br /> 9 Increment Financing Plan for District#2. Ramsey.County. <br /> 10 Motion by Marks, second by Enrooth to approve HRA Resolution 1995-005, <br /> 11 approving 1995 amendment to redevelopment plan for redevelopment Project No. <br /> 12 2 (Ramsey County) and tax increment financing plan for tax increment financing <br /> 13 District No. 2, and requesting the approval of City Council. <br /> 14 Motion carried unanimously. <br /> 15 <br /> t : <br /> C. HRA Resolution 1995-006. re: Redevelopment Agreement with Village <br /> 7 Properties. <br /> 18 Mr. Ken Soley, Village Properties,who plans to redevelop the old American <br /> 19 Monarch property,reported he has secured approval from First-Star Bank of St. <br /> 20 Anthony to be the lender and the lease is now 99%complete. Northwestern <br /> 21 National Life Insurance will be conducting further environmental testing on July 6 <br /> 22 with the results by the end of July. He indicated he would like to close by August <br /> 23 15, 1995. <br /> 24 Motion by Enrooth, second by Marks to approve HRA Resolution 1995-006, <br /> 25 approving execution and delivery of redevelopment agreement with Village <br /> 26 Properties. <br /> 27 Motion carried unanimously, <br /> 28 D. HRA Resolution 1995-007, re: Redevelopment Agreement with Arnold <br /> 29 Development.- <br /> 30 <br /> evelopment:30 Ranallo indicated he had already received three calls from people interested in the <br /> 31 development. <br /> Mr. Gregory, Arnold Development,reported a sign will be going up next week. <br /> He indicated the interest and activity of the project have been good. <br />