HRA MINUTES 05261998 - Laserfiche WebLink

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Housing and Redevelopment Authority Meeting Minutes • May 26, 1998 Page 2 second is the refunding bonds for the Walbon District. The third is the bonds for the community center. The fourth is the TIF related to Apache Plaza. Mr. Bonniwell noted that Chandler and Evergreen were paid back to the developers. The Community Center has funds remaining in the amount of $145,000. The contractor is still due $45,000 and the remainder is for construction of the tennis courts, etc. Marks asked if it would be possible to utilize the audit reports and reconstruct the history of the City's redevelopment and provide a summary of the debt incurred through the entire HRA process. It would also demonstrate the benefits to the City of TIF funding. Mr. Bonniwell stated this could be accomplished. 10 Motion by Marks, second by Faust to approve the 1997 City of St. Anthony HRA Audit 11 as presented by Stuart Bonniwell, Certified Public Accountant. 12 Motion carried unanimously. 13 VII. OTHER BUSINESS. 0 Cavanaugh asked if a tax impact study had been performed. 15 Morrison reported he had worked with Bob Thistle, Springsted, and it was his opinion 16 that a tax impact study was not necessary. This was due to a State Legislative change 17 which allows funds from other districts to be utilized. 18 Cavanaugh asked how time lines for the Kenzie project and the trailer park were 19 established. He asked if these are active projects. 20 Mornson explained that the Council discusses in Work Session format, which areas of the 21 City they would like redeveloped and funds for that are set aside. The City Manager is 22 then directed to pursue that redevelopment. In the Kenzie area there was a case of willing 23 seller/willing buyer. The mobile home owner is not yet willing to sell. 24 Mayor Ranallo noted that the mobile home owner has to deal with relocation costs and 25 there would also have to be an area for water retention on the site. 26 Cavanaugh suggested that a moratorium be placed on the mobile homes and that every 27 time a home becomes vacant in the lot, that it be demolished. 28 Momson noted this is an issue for review at a Work Session. GMotion by Cavanaugh, second by Marks to adjourn the meeting at 9:40 P.M.