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".0 I TY OF ST:. ANTHONY <br /> HOUSING AND REDEVELOPMENT AUTHORITY MINUTES <br /> November 13, 1984 <br /> The meeting was called to order by Chairman Sundland at 8:50 P.M. <br /> Present for roll call : Sundland, Vice Chair Enrooth, and Commissioners Ranallo and <br /> Makowske. <br /> Absent: Secretary/Treasurer Marks. <br /> Also present: David Childs, Executive Director; and Stephen Yurick of Arkell , <br /> Developer. <br /> Motion by Commissioner Makowske and seconded by Commissioner Ranallo to approve as <br /> submitted the minutes for the St. Anthony Housing and Redevelopment Authority <br /> meeting held October 23, 1984. <br /> Motion carried unanimously. <br /> Motion by Commissioner Ranallo and seconded by Vice Chair Enrooth to approve payment <br /> to the following, as listed in the November 13, 1984 H.R.A. agenda. <br /> $975.00 to Adrian Helgeson Company for the H.R.A. audit from the date of inception, <br /> • August 25, 1981 , to December 31 , 1983; <br /> $600.00 to C. R. Pelton & Associates for the Walbon property appraisals; and <br /> $175.60 to Dorsey & Whitney for legal services to the H.R.A. during September, 1984. <br /> Motion carried unanimously. <br /> Mr. Yurick .reported a local lender had given preliminary approval to providing the <br /> construction financing for the Kenzington condominium project and the developer <br /> indicated he anticipated a verbal agreement would be reached with that lender the <br /> following Thursday, with a signed commitment within a week. <br /> Although he was very optomistic the deal would be consumated this time, the <br /> developer said, that in view of past disappointments, his firm would not be let- <br /> ting up on their pursuit of financing with .other institutions, two of whom have <br /> indicated a strong interest in the project. However, Mr. Yurick said, it would <br /> take between 30 and 60 days to close either of these deals. <br /> Kraus-Anderson, the title company, and the site subcontractors have all agreed <br /> to commence construction sometime in December if the first negotiation is successful , <br /> according to the developer, who said fewer than 10% of the condominium purchasers <br /> had withdrawn their option to buy, and he perceives there had been no lessening in <br /> community interest in the project during the delay in finding the construction <br /> financing. Mr.- Yurick told the Commissioners his firm had a backlog of prospective <br /> buyers ready to go once the project is started. <br />{ <br /> I <br />