Laserfiche WebLink
I H.R.A. MEETING <br />JULY 14, 1992 <br />PAGE 3 <br />4 <br />5 <br />6 <br />7 Bill Soth, H.R.A. Attorney, advised that the project is now <br />8 done and certain obligations of the developer contained in the <br />9 agreement have been met. He noted that some covenants do <br />10 survive and some changes are to be made. One of these is that <br />11 excess tax increment payments can only go to the partnership. <br />12 He also recommended that the Certificate be approved subject <br />13 to the language changes he had suggested which includes no <br />14 default. <br />15 <br />16 Motion by Marks, second by Enrooth to approve Resolution No. <br />17 92-003 which is a resolution approving execution of <br />18 subordination agreement relating to redevelopment contract <br />19 with St. Anthony LaNel with additions as suggested by the <br />20 H.R.A. Attorney. <br />21 <br />22 Motion carried unanimously <br />23 <br />24 7. ADJOURNMENT <br />25 <br />26 Motion by Marks, second by Wagner to adjourn the H.R.A. <br />09 7 Meeting at 8;45 p.m. <br />Motion carried unanimously <br />30 <br />31 <br />32 <br />33 Respectfully submitted <br />34 <br />35 <br />36 Jo -Anne Student, H.R.A. Recording Secretary <br />37 <br />38 <br />39 <br />40 <br />0 <br />