HRA MINUTES 09271983 - Laserfiche WebLink

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-2 - exterior changes being negotiated with the redevelopers by the Planning • Consultants for the final plans are presented for approval. Motion carried unanimously. Mr. Krier affirmed that it had been he who had advised the redevelopers to seek an 180 day extension of their agreement with the H.R.A. for the project because he perceives returning every 90 days for an extension would diminish the expectations for the project for everyone. He reminded the H.R.A. members that he had cautioned that the redeveloper's construction schedule might have been too optimistic in the first place and he indicated he still believed May would be a more realistic start up time. When he was told residents are asking H.R.A. members why nothing is starting in the project area, he indicated he believed it would be better to tell them the project wouldn't be started until May than to keep their concerns raised by repeating the extension process every 90 days. As to the possibility that these developers would eventually not be able to complete the project, Mr. Krier said he doubted whether they would walk away from the $475,000 plus the planning costs they would have invested by November 1st, or from the Letter of Credit they would have to relinquish. He and Mr. Soth both indicated that, although it would be possible to get another redeveloper and start construction next year, it would not be realistic to think that could happen with- out these redevelopers making some sort of legal fight. Commissioner Ranallo said he couldn't see why the marketing hadn't started long • before this time and Commissioner Enrooth indicated he still believed an 180 day extension would be too long. Motion by Commissioner Ranallo and seconded by Secretary/Treasurer Marks to extend the H.R.A. Redevelopment Agreement with Arkell Development for 90 days subject to: (1) Closing of Phase 1 on or before October 15, 1983. (2) Arkell/Kraus Anderson entering into an assessment agreement with the City. 0) The legal description of the land being sold to the redevelopers being modified to correct the boundary gap and trailer court problem. Motion carried unanimously. The Secretary/Treasurer indicated he could support paying the H.R.A. members $25.00 per meeting as permitted by Minnesota statute, foreseeing that some time in the future the H.R.A. membership might not always be comprised of Council members. Motion by Vice Chairman Letourneau and seconded by Commissioner Enrooth to adopt H.R.A. Resolution 83-008: • RESOLUTION 83-008. A RESOLUTION ESTABLISHING HOUSING AND REDEVELOPMENT AUTHORITY COMMISSIONERS PAYMENT