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Housing and Redevelopment Authority Meeting Minutes <br />October 28, 2025 <br />Page 2 <br /> <br />Due to those ongoing market challenges, Doran SLV, LLC is requesting an additional extension 1 <br />of the timing requirements on Phase 2. Doran SLV, LLC proposes a Phase II Commencement 2 <br />deadline of January 1, 2028, and completion date of January 1, 2030. 3 <br /> 4 <br />During the review process of the required documents to facilitate an extension by the City’s legal 5 <br />and financial advisors, it was advised that the language regarding Tax Increment Financing (TIF) 6 <br />for Phase II be removed. The anticipated timeline for the project completion is now coming very 7 <br />close to the end date of the existing TIF district, resulting in negligible TIF assistance generated 8 <br />for the project. Staff is recommending to removal of the previously approved TIF assistance. 9 <br /> 10 <br />Mr. Yunker noted these are the same documents approved at the prior City Council Regular 11 <br />Meeting. 12 <br /> 13 <br />Motion by Commissioner Jenson, seconded by Commissioner Randle, to approve HRA 14 <br />Resolution 25-06 – Approving Fifth Amendment to Contract for Private Redevelopment 15 <br />Between the Housing and Redevelopment Authority of St. Anthony, MN, the City of St. 16 <br />Anthony Village, Doran SLV, LLC, Doran St. Anthony, LLC, and Doran SLV II, LLC. 17 <br /> 18 <br />Motion carried 5-0. 19 <br /> 20 <br />VII. STAFF REPORTS – NONE. 21 <br /> 22 <br />VIII. H.R.A. COMMISSIONER COMMENTS – NONE. 23 <br /> 24 <br />IX. INFORMATION AND ANNOUNCEMENTS – NONE. 25 <br /> 26 <br />X. ADJOURNMENT. 27 <br /> 28 <br />Motion by Commissioner Doolan, seconded by Commissioner Randle, to adjourn the meeting at 29 <br />8:35 p.m. 30 <br /> 31 <br />Motion carried 5-0. 32 <br /> 33 <br /> 34 <br />Respectfully submitted, 35 <br />Debbie Wolfe 36 <br />TimeSaver Off Site Secretarial, Inc. 37 <br /> 38 <br /> 39 <br /> 40 <br />ATTEST: ________________________________ Chair 41 <br /> City Clerk 42 <br /> 43