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H.R.A. MEETING <br />JULY 27, 1993 <br />PAGE 3 <br />E. Lyle H. Naaell Company, Inc. <br />1. Payment in the amount of $1,500.00 was approved to <br />the Lyle H. Nagell Company, Inc. for an appraisal <br />review and update on Rosie's Restaurant at 2905 <br />Kenzie Terrace. <br />2. Payment in the amount of $1,000.00 was approved to <br />the Lyle H. Nagell Company, Inc. for an appraisal <br />review and update on the Good Luck Cafe, 2600 <br />Coolidge Street Northeast. <br />F. Selair <br />Payment in the amount of $11,507.00 was approved to Selair for <br />earthwork performed at the Rosie's Restaurant and Good Luck <br />Cafe sites. <br />G. Norwest Investment Services, Inc. <br />Payment in the amount of $25,932.00 was approved to Norwest <br />Investment Services, Inc. to pay a portion of the costs for <br />soil correction in the Tax Increment development of the <br />Evergreen Townhomes. <br />The excess increment totals $28,814.00. Ten percent of this <br />amount, $2,881.40, is allowed for administrative expenses. <br />6. HELLICKSON AGREEMENT <br />This matter is regarding the construction of an office <br />building to house a dental practice. It is to be located at <br />3901 Silver Lake Road which is in a tax increment district. <br />The Executive Director reviewed some of the items contained in <br />the agreement and the accompanying resolution. <br />Motion by Marks, second by Wagner to approve Resolution No. <br />1993-003 which is a resolution relating to redevelopment plan <br />for Redevelopment Project Area 3 - Ramsey County; approving <br />execution of redevelopment contract with R.A. Hellickson and <br />issuance of limited revenue taxable tax increment bond.._ <br />Motion carried unanimously <br />• <br />