HRA MINUTES 08251987 - Laserfiche WebLink

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C= TY O F S T_ ANTHONY • HO U S = N G AND REDEVELOPMENT AUTHOR 2 TY M= N U T E S AU G U S T 25, 1-987 1 The meeting was called to order by Chairman Sundland at 6:30 P.M. 2 Present: Sundland, Vice Chair Enrooth (6:37 P.M.), Secretary/ 3 Treasurer Marks, and Commissioners Ranallo and Makow- 4 ske (6:35 P.M.) 5 Also present: David Childs, Executive Director 6 William Soth, H.R.A. Attorney 7 Richard Krier of Development Advisory Services, 8 Consultant 9 Paul Brewer, President of LaNel Financial Group, 10 Inc. 11 Gregory Bronk, Analyst, Lang -Nelson Associates, 12 Inc. 13 Mr. Childs reported that he, and Messrs. Soth and Krier, as the 14 selection team appointed by the H.R.A., had selected Lang -Nelson 15 and Gaughan as final contenders to do Phase III of the Kenzie 16 Terrace Redevelopment Project. •17 Mr. Brewer reiterated the historical background of Lang -Nelson as 18 given in booklet form to the H.R.A. He said as important as the 19 bricks and mortar are, he perceived "who we are, what is our 20 ability to finish projects, financial strength, ability to manage 21 properties and our long range plans". The LaNel executive said he 22 perceived the H.R.A. would especially be interested to know whether 23 Lang -Nelson would add value to the quality of life in St. Anthony 24 and whether they would still be here as a member of the community 25 and a presence on the street ten years from now. 26 Copies of Mr. Brewer's August 17th response to a request from Mr. 27 Krier for further clarification of some points in Lang -Nelson's 28 proposal related to the exterior treatment of the proposed build - 29 ings, completion of project to assure TIF bonds could be amortized, 30 taxes the firm expected to pay St. Anthony, and whether the 31 buildings would be sprinklered had been distributed along with a 32 listing of the firm's properties and an organizational chart. 33 The developers had a prototype of the type of buildings the H.R.A. 34 could expect them to build, although Mr. Brewer indicated the final 35 architectural details would not be developed until Lang -Nelson has 36 made its final marketing, environmental, and financial analysis 37 after the H.R.A. decision that evening. • 38 Mr. Brewer made the following points about his firm and the project 39 they proposed to build in St. Anthony: -1-