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• C 2 TY O F S T_ ANTHONY <br />HOU S 2 N G AND R E D EV E L O PMENT <br />AUTHOR = TY M = N UT E S <br />FEBRUARY 9 1 9 8 8 <br />1 The meeting was called to order at 9:30 P.M. by Chair Sundland. <br />2 Present for roll call: Sundland, Vice Chair Enrooth, Secretary/ <br />3 Treasurer Marks, and Commissioners Makowske <br />4 and Ranallo. <br />5 Also present: David Childs, Executive Director <br />6 William Soth, H.R.A. Attorney <br />7 Richard Krier, Development Advisory Services, <br />8 Consultant <br />9 JANUARY 26, 1988 H.R.A. MINUTES <br />10 Motion by Ranallo, seconded by Marks to approve the above as <br />11 submitted. <br />12 Motion carried unanimously. <br />•13 CLAIMS <br />14 Motion by Marks, seconded by Makowske to approve payment of $2,210.00 <br />15 to Stuart J. Bonniwell for services rendered the H.R.A. for the 1986 <br />16 H.R.A. audit. <br />17 Motion carried unanimously. <br />18 Motion by Marks, seconded by Enrooth to approve payment of $500.40 to <br />19 the Dorsey & Whitney law firm for legal services rendered the H.R.A. <br />20 during December, 1987. <br />21 Motion carried unanimously. <br />22 KENZIE TERRACE REDEVELOPMENT PROJECT UPDATE - RICHARD KRIER <br />23 Both interested developers, Gaughan and Lang Nelson are still seeking <br />24 financing for the project. Neither has found financing yet. <br />25 Because Gaughan seemed to be dragging its feet to acquire financing <br />26 for the project, Lang Nelson was approached in December as to their <br />27 interest. Lang Nelson will put up $10,000 to assure they will find <br />28 financing in 45 days. <br />29 Gaughan has contacted Midland, based in Des Moines, who indicated they <br />30 would finance at 9-1/4t. Gaughan decided to drop them. First Bank <br />•31 was also contacted and indicated they would not want to do a "lower <br />32 floater" type of deal. <br />33 HUD indicated the SAMA (site/market analysis) sounded favorable <br />34 (considers the market, the rents, and the people). Mr. Krier <br />