HRA MINUTES 03081988 - Laserfiche WebLink

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n U C 2 TY O F S T. ANT HOINT Y HOU S T N G AN D R E D EV E L O PMENT AUTHOR 2 TY M= N UT E S MAR C H 8, 1 9 8 8 1 The meeting was called to order at 9:20 P.M. by Chair Sundland. 2 Present for roll call: Sundland, Vice Chair Enrooth, Secretary/ 3 Treasurer Marks, and Commissioners Makowske 4 and Ranallo. 5 Also present: David Childs, Executive Director 6 William Soth, H.R.A. Attorney 7 FEBRUARY 24, 1988 H.R.A. MINUTES 8 Motion by Marks, seconded by Ranallo to approve as presented. 9 Motion carried unanimously. 10 CLAIMS 11 Motion by Ranallo, seconded by Enrooth to approve payment of $146.25 12 to the Dorsey & Whitney law firm for legal services rendered the 013 H.R.A. in January, 1988, having to do with final development of the 14 Kenzie Terrace Redevelopment project. 15 Motion carried unanimously. 16 STAFF UPDATE ON KENZIE TERRACE REDEVELOPMENT PROJECT - CHILDS AND SOTH 17 Childs reported: 18 *Gaughan had consented to putting up $20,000 which Lang/Nelson 19 surpassed by agreeing to the $40,000 the H.R.A. had said it 20 needed as a guaranty the project would be finished; 21 *he and Mr. Soth had not been quite ready to recommend accept - 22 ance of the latter without first telling the H.R.A. what Lang/ 23 Nelson's contingencies would be for doing that; 24 *they would be meeting with Lang/Nelson the rest of the week and 25 it was very possible the differences might be worked out by 26 the middle of next week so the H.R.A. could hold a special 27 meeting where either Gaughan or Lang/Nelson would hopefully 28 present the $360,000 Letter of Credit as well as either the 29 $20,000 or $40,000 option payment and sign the Redevelopers 30 Agreement; 31 *he was not yet sure which would happen since both developers •32 seem to want to do the project.