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H R.A. MEETING <br />JUNE 23, 1952 <br />PAG_ 3 <br />4 <br />5 <br />6 <br />7 the amount of $2,091.25 to Dorsey & Whitney law firm for <br />8 legal services rendered on various matters through March <br />9 31, 1992. <br />10 <br />11 Motion carried unanimously <br />12 <br />13 <br />14 H. Dorsey & Whitney Law Firm <br />15 <br />16 Motion by Marks, second by Enrooth to approve payment in <br />17 the amount of $195.00 to Dorsey & Whitney law firm for <br />18 legal services rendered on the META property and Rosie's <br />19 property through April 30, 1992. <br />20 <br />21 Motion carried unanimously <br />23 I. Dorsey & Whitney Law Firm <br />24 <br />25 Motion by Marks, second by Enrooth to approve payment in <br />26 the amount of $63.75 to Dorsey & Whitney law firm for <br />legal services on the Lang -Nelson project through April <br />30, 1992. <br />29 <br />30 Motion carried unanimously <br />31 <br />32 <br />33 6. KENZIE TERRACE TAX INCREMENT FINANCING <br />34 <br />35 Via the approval of Resolution "No. 1992-002, the H.R.A. <br />36 amended the Kenzie Terrace Redevelopment Plan. The Authority <br />37 established and approved an Interest Reduction Program from <br />38 excess tax increment derived from the District taxes <br />39 collectible in 1991, 1992, and 1993. <br />40 <br />41 Staff is recommending that all of the excess be paid for 1991 <br />42 and a portion be paid for 1992. <br />43 <br />44 Motion by Wagner, second by Marks to direct staff to pay LaNel <br />45 the sum total of $50,000 for tax settlement year 1991 and to <br />46 pay LaNel the sum total of $25,000 contingent on the H.R.A's <br />47 receipt of its first half 1992 tax settlement (received <br />48 approximately July 10, 1992) and the sum total of $25,000 <br />49 contingent upon receipt of its second half of 1992 tax <br />50 settlement (received approximately December 10, 1992). <br />51 <br />0 Motion carried unanimously <br />