HRA MINUTES 07281987 - Laserfiche WebLink

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1 -3- • 2 commercial; the P. J. Gaughan Corporation for a 50/50 combination of 3 elderly and general occupancy; and finally, the Sherman Boosallis 4 Corporation, who have indicated they had some real problems with 5 providing elderly housing, but who Mr. Krier expected to submit a 6 proposal nevertheless. 7 The consultant indicated that in his opinion, each of the prospective 8 developers had a very good track record in doing the type of project 9 St. Anthony wanted and all seemed to have the financial capability to 10 put such a project together. He said the schedule he was requesting 11 should result in everything being in place and ready to go in a month 12 and a half. Mr. Krier indicated he had requested each of the 13 developers have his proposal in his hands by August 10th to be 14 presented to the H.R.A. for acceptance at their August 11th meeting. 15 It was agreed that no formal presentations would be made at the August 16 llth meeting but it would rather be during a work session scheduled for 17 6:00 P.M., August 20th, when the proposals would be ranked by the 18 H.R.A. in order of preference. The developers who were not selected at 19 that work session would be advised that the City intended to work with 20 the first ranked company for a month and if all the H.R.A. requirements 21 had not been met and a Redeveloper Agreement not signed by the end of 22 the month, the other developers would be contacted in order of their 23 ranking to resubmit their proposals. 04 Mr. Soth suggested Mr. Krier advise the developers that they should 25 present the best proposal they could right at the outset because that 26 might well be the last opportunity they would be given to do the 27 project. 28 Mr. Krier reported his negotiations with the Minneapolis Community 29 Development Association related to that organization providing 30 financing for a low income large family townhouse rental project had 31 been delayed because of a death in the family of one of the MCDA staff 32 persons, but he was confident those talks would be resumed the 33 following day. 34 Mr. Krier said one of the criteria he told each prospective developer 35 would have to be addressed to do the project was that they would have 36 to work with St. Anthony to make a presentation of the project to the 37 adjacent St. Anthony residents as well as the nearby Minneapolis 38 residents. 39 Commissioner Ranallo said he thought it was essential to have Mr. 40 Childs be very involved in that presentation because of the spirit of 41 distrust which had evolved around the failure of the first developer to 42 provide a satisfactory project. 43 Other criteria which Mr. Krier perceived had to be met by the developer 44 the H.R.A. selected included: 4045 *financial capability to do the project;