Laserfiche WebLink
H.R.A <br />MARCH <br />PAGE <br />48 <br />49 <br />50 <br />51 <br />MEETING <br />24, 1992 <br />B. American National Bank <br />Motion by Fleming, second by Wagner to approve payment in <br />the amount of $177.32 to American National Bank for fees <br />and expenses from August 21, 1991 to February 20, 1992 <br />regarding the General Obligation Refunding Bonds. <br />Motion carried unanimously <br />A seven minute recess was taken so the published time for <br />openina of the Public Hearing could be complied with. <br />PUBLIC HEARING <br />A. Amendment to the Kenzie Terrace Redevelopment Plan <br />Chairperson Ranallo opened the Public Hearing at 8:31 <br />p.m. <br />The Chairperson stated that the Public Hearing is to <br />consider the amendment to the Kenzie Terrace <br />Redevelopment Plan and the Tax Increment Financing Plan. <br />Mr. Brewer, representing the developer, Lang -Nelson, <br />stated his firm is supportive of the amendment. <br />Noting that only three members of the Housing and <br />Redevelopment Authority were present, the Exective <br />Director advised that comments can be taken at this <br />hearing and then it can be continued. <br />Chairperson Ranallo inquired how many votes were required <br />by the City Council to approve the amendment to the Plan. <br />The City Attorney thought it was three votes but he will <br />check this before the next Council Meeting where the <br />issue will be addressed. <br />Hennepin County Commissioner Makowske has indicated her <br />support for this amendment. <br />The Chairperson noted he had received a call from a <br />resident who requested an explanation of the $1,200 per <br />unit tax. He stated that since the $1,200 tax was applied <br />the Legislature has changed the formula for taxing <br />multiple dwellings and this tax could increase to $1,500 <br />per unit. <br />