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Q Housing and Redevelopment Authority Meeting Minutes April 12, 2005 Page 2 Motion carried unaniYnoersly. 3 IV. STAFF REPORTS, 4 Ms. Kvilvang gave a verbal report. She stated the For Sale housing is growing and the results of 5 the Parade of Homes are pleasing. Rental housing is going up quickly with many units being 6 pre -leased for the first time. The second bid for the second phase of 39`x' Avenue should be ready 7 for submission soon. She said that construction is anticipated to start in June. She noted the bids 8 for the Pond, or Park Improvement Center, came in slightly over budget. The decision is being 9 made of where costs can be reduced without compromising the integrity. She said she anticipates 10 construction beginning this summer. The maintenance agreements at the Pond will be I 1 incorporated. She said the types of uses for the big park in the center must be appropriate, and 12 the rules are under development. Applications will be made at the city level. The commercial 13 developer will provide maintenance assistance. 1.4 15 ibis. IC,vilvang noted that commercial development is going up quickly, with many businesses 16 already open. Several other tenants are negotiating and one user is negotiating in the office 17 space. She anticipated that the facility is about 80 percent leased. Landscaping has begun. The 18 weather helped that begin faster. 19 20 She reported that the financing has been doing well, and projects have been coming in under 21. budget. The deadline for a development agreement is near with regard to Phase II. She said the 22 preliminary draft is in, with a few blanks that must yet be filled in. Phase 11 is predominantly 23 housing, and she said it should be assured that what is being developed is a Long-term solution. 24 She said as each place opens, there will be a celebration. 'The summer will be a series of 25 celebrations. 26 27 She noted that there is a private award awarded to real estate developers. Silver Lake Village has 28 been nominated for this award. Awards will be handed out at the end of this month. 29 30 Commissioner Thuesen asked if the verbal commitment for the For Sale housing is as expected. 31 Ms. Kvilvang said there have been monetary commitments and it is ahead of schedule currently. 32 Commissioner Thuesen questioned if the verbal commitment for commercial property is as 33 expected. Ms. Kvilvang said that has been going very well. 34 35 Chair Faust asked if the park is going to be named Shalom Park He said there was no issue with 36 that in the Committee meeting. He said it is the designers' decision to determine its location. 37 38 Chair Faust said if there is an issue with the trash, he said the City will assist the developer. He 39 noted there are many plastic bags in this area, which can migrate from quite a distance. He also 40 pointed out that the seniors can call City Hall for the senior housing numbers. 41 42 Mr. Morrison said the tentative date for reconstruction of 39`x' Avenue is June 20 to September 43 30, and the road will be closed during this time. 44