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CITY OF ST. ANTHONY HOUSING AND REDEVELOPMENT AUTHORITY MINUTES September 10, 1985 The meeting was called to order by Chair Sundland at 8:17 P.M. Present for roll call: Sundland, Vice Chair Enrooth, Secretary/Treasurer Marks, and Commissioners Makowske and Ranallo. Also present: David Childs, Executive Director. Motion by Commissioner Makowske and seconded by Secretary/Treasurer Marks to approve as submitted the minutes of the H.R.A. meeting held August 13, 1985. Motion carried unanimously. Motion by Secretary/Treasurer Marks and seconded by Vice Chair Enrooth to approve payment of $2,106.85 to Dorsey & Whitney for legal services related to the Kenzie Terrace and Old Highway 8 Redevelopment Projects. Motion carried unanimously. Distribution had been made of the September 5th letter from Stephen Yurick of Arkell Development requesting that, since the developers have not started Phase II of the •Kenzie Terrace project, the H.R.A., as stipulated in the Redevelopment Contract, should provide the $15,866'.40 n escrow required by H.U.D. for the roadways around the Walker Methodist Home before that agency would c oc se on that 202 funded project. The $15,866.40 would provide the funds needed for construction, maintenance, and landscaping of t e access to the senior housing project and the contract called for the redeveloper to reimburse the H.R.A. when the entire site is conveyed to Arkell for development of Phase II. Although the escrow funds would probably, have to be_used sometime in 1985 when the project construction is completed, the Executive Director told Vice Chair Enrooth, thosedunds_wou.l.d probably become a matter of negotiation when Arkell comes in for an extension of their contract, December 31st. Commissioner Ranallo indicated he agreed with Mr. Childs that a Letter of Credit would be preferable to cash and he perceived the H.R.A. really had no other choice A f they want the _senior hous.ing_pr..ojectbe built. --- Motion by Secretary/Treasurer Marks and seconded by Commissioner Makowske to authorize the Executive Director to obtain a Letter of—Credit or deposit based onavailability of$15,866.40 to escrow tFie funds required by H.U.D. to cover_ the construction of the accessto—the Walker Methodist mes Hoproject. Motion carried unanimously. Marian Post, Administrator of the St. Anthony Health Center; Leonard Champa of •Juran & Moody, Inc., St. Paul; and Craig Hinrichs of Smiley, Glotter Associates (.architects) were present for the H.R.A. consideration of the Health Center's request for tax increment financing for the Chandler Place, a 119 senior rental apartment building proposed to be built in conjunction with the Health Center, which was