HRA MINUTES 10211983 - Laserfiche WebLink

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-2 - The question of encroachment by the neighboring mobile home park was settled by having the H.R.A. transmit its interest in the strip in question to Arkand, for them to resolve the possible ownership dis- pute. A motion was made by Secretary/Treasurer Marks, seconded by Commis- sioner Enrooth to adopt H.R.A. Resolution 83-009 which authorizes the purchase of the body shop property for $207,000. H.R.A. RESOLUTION 83-009 Al' RESOLUTION AUTHORIZING THE PURCHASE OF REAL PROPERTY Motion carried unanimously. Mr. Krier presented two claims of $10,000 each for relocation of G & G Body Shop and for the real estate business also operated by Mr. Gudim at 2601 Kenzie Terrace. The H.R.A. was assured by Relocation Consul- tant Tom Donahue that the claims meet all applicable regulations and are valid. A motion was made by Commissioner Ranallo, seconded by Secretary/Treasurer Marks to pay $20,000 to Gary Gudim for relocation claims. Motion carried unanimously. Mr. Krier discussed acquisition of the vacant property adjacent to the • body shop owned by Minneapolis St. Anthony, Inc. and recommended payment of $118,001.45 as established by the negotiation team. This is written just compensation amounts established previously by the H.R.A. A motion was made by Commissioner Ranallo, seconded by Secretary/ Treasurer Marks to adopt H.R.A. Resolution 83-010 which authorizes the purchase of the vacant property (Parcel 24-0003) for $118,001.45. V H.R.A. RESOLUTION 83-010 RESOLUTION AUTHORIZING THE PURCHASE OF REAL PROPERTY Motion carried unanimously. Mr. Krier discussed an assessment agreement negotiated with the re- developer which would protect the City from having the property reduced in value to any level which would jeopardize the tax incre- ment. A motion was made by Secretary/Treasurer Marks, seconded by Commissioner Enrooth to approve the revised assessment agreement as presented. Motion carried unanimously. Mr. Krier presented an amendment to the redevelopment contract which was previously discussed by the H.R.A. The amendment changes the • time schedule by granting a 90 day extension to the proposed con- struction start up, along with minor changes in closing dates on property transfer, submission of construction plans, the second letter of credit as well as the delivery of the mortgage commitment.