HRA MINUTES 02081983 - Laserfiche WebLink

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-z - John Curry I can assure you we are not going to take the 30 minutes in introductory • comments'. Am I correct that all of you have received the proposal that we had submitted before, so that information was received ahead of time. (That's correct).. Again, just to more clearly indicate, I just want to take a few minutes to indicate what we intend to do. It is that we intend to cover just briefly some of the significant things included in our proposal. Basically, what we intend to do, is that Mr. Tony Vavoulis, the man with the curly hair back.there, is going to explain briefly the proposal. Tony would be ourproject manager on this project, the man responsible for working closely with the City, resolving all the questions and seeing that the project goes forward. Sitting right in front of him is Mr. Bruce Knutson. Bruce would be the architect on the project. He's had considerable experience with this type of project. As a matter of fact, this team, that we're talking to you about tonight that we are proposing, has just completed a project of 178 units, elderly project in Richfield, a southern suburb, and we are proposing a program somewhat similar as the important first step to getting this whole redevelopment situation started, which you were talking about for Kenzie Terrace. The other member'is, I'm glad to see you here, Art. Art, I think, came out of a sick .bed to get here tonight. He's been having the flu bug that many of us have encountered in the last few weeks. Art represents our mortgage interests and is very familiar with the subsidized housing programs as well as the other programs. All of us represent the team that we're talking about on this. We have worked together before. We • are not all the same company, although you might say we're all of the same family. Not all the same family either. Bruce is a part of the family, but not a part of the company. He operates independently, and we do projects sometimes with Bruce, sometimes without him, so that is the group. Let me just give you a.brief background of what we're bringing to you. The Knutson Construction Company, which I happen to be president of, is an organization which has been in business a long time, it's been over 70 years in Minneapolis. During that time, as an organization, it's been involved in all types of construction projects and development projects. The company as an organization that was heavily involved in the develop- ment of the Gateway area. More recently, we have been involved in the development of many housing projects, and particularly we are devoting considerable emphasis to housing with emphasis on the elderly. As we are all very much aware, and I put myself in this category, we are an aging population and all communities are faced with some of the same problem that their community is aging. You have many people who have grown up, not grown, but lived in their homes and all of a sudden they are becoming empty nesters. One of the things is that they have no place to go. This is one of the problems that we are very familar with and wish to address. Fortunately, there's a synogism here that works well. If you can find something that is desireable for these people to move to, with the type of proposal we're going to be talking to, you free up all these homes for younger people to move in. By so doing the type is of proposal we're talking about, initially in the first stage, you're creating an additional tax base for the people in the type of home