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C T TY O F S T_ ANTHONY <br />• HOU S T N G AND REDEVELOPMENT <br />AUTHOR 2 TY M S NUT E S <br />S E P T EMB E R 22, 3-987 <br />1 The meeting was called to order by Chairman Sundland at 10:15 P.M. <br />2 Present: Sundland, Secretary/Treasurer Marks, and Commissioners <br />3 Ranallo and Makowske. <br />4 Absent: Vice Chair Enrooth. <br />5 Also present: David Childs, Executive Director <br />6 William Soth, H.R.A. Attorney <br />7 AUGUST 25. 1987 H.R.A. MINUTES <br />8 Motion by Marks, seconded by Ranallo to approve with the following <br />9 change: <br />10 Page 3, line 4: Substitute "accent" for "accept" after "to" <br />11 Motion carried unanimously. <br />12 CLAIMS <br />03 Motion by Marks, seconded by Ranallo, to approve payment of $1,101.25 <br />14 to the Dorsey & Whitney law firm for legal services to the H.R.A. <br />15 during July, 1987. <br />16 Motion carried unanimously. <br />17 PROGRESS REPORT ON KENZIE PROJECT AND REDEVELOPMENT AGREEMENT <br />18 The agenda packet included Mr. Krier's September 16th report and <br />19 advisory letter to Mr. Arkell on the above. <br />20 The Executive Director gave the sequence of events he expected to be <br />21 followed in the next 20 days, telling the Commissioners: <br />22 staff met with the redevelopers the previous Thursday and <br />23 "things are progressing very well"; <br />24 the center owner wants more than twice what the H.R.A. is <br />25 willing to pay for the shopping center property; <br />26 the redeveloper is therefore going to be instructed to sell and <br />27 place the Housing Revenue Bonds, thereby removing any risk for <br />28 the City before acquiring the land; <br />29 after the bond sale is completed, staff would start to acquire <br />30 the land, perceiving to wait would only delay construction for <br />631 two months; <br />32 in the meantime, all preparations are being made for acquisi- <br />33 tion including new appraisals, soil testing, etc. <br />0 <br />