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I CITY OF ST. ANTHONY <br />2 HOUSING AND REDEVELOPMENT AUTHORITY MEETING <br />3 MARCH 14, 2006 <br />4 <br />5 CALL TO ORDER, <br />6 Acting Chair Gray called the meetingto order at 7:00 .m. <br />p <br />7 <br />8 PLEDGE OF ALLEGIANCE, <br />9 Acting Chair Gray .invited the HRA and audience to j oin him in the Pled e of Alle iance. <br />g g <br />10 <br />11 ROLL CALL, <br />12 Commissioners present: Actin Chair Gra • Commissioners Horst Stille and Thue e <br />Acting Y� s n. <br />13 Commissioners absent: Chair Faust. <br />14 Also present: Executive Director Michael Mornson. <br />15 <br />16 1. APPROVAL OF MARCH 14, 2006 H.R.A. AGENDA. <br />17 Motion by Commissioner Horst, seconded by Commissioner Thuesen, to approve the March 14, <br />18 2006 Housing and Redevelopment Authority Agenda as presented. <br />19' <br />20 Motion carried unanim21 <br />ous <br />re..s <br />22, I. CONSENT AGENDA, <br />23 Motion by Commissioner Stille, seconded by Commissioner Horst, to approve the Consent <br />24 Agenda, which consisted of: <br />25 A. H.R.A. Meeting Minutes of February 14, 2006; and <br />26 B. Claims. <br />27 <br />28 A - 3 NaYes s -0 Abstains -1(Thuesen). Motion carried. <br />e . <br />r rr�r�w ri . i r .rr�r tee_ <br />29 <br />30 111, GENERAL POLICY BUSINESS OF THE H.R.A. <br />31 A. H.R.A. Resolution 06-007 re: modification for redevelopment., project area no. 3 the <br />32 modification of the Chandler Place Tax Increment Financina District and the <br />33 modification of Tax Increment Financing District No. 3-5. <br />34 Stacie Kvilvang, Ehlers & Associates, Inc.,. stated the City and the HRA have been working on a <br />35 Master Financial Plan for future City development and redevelopment activities. In order to <br />36 utilize tax increment from the Chandler Place TIF District and TIF District 3-53 the HRA is <br />37 required to approve the modification to the City's Project area boundaries and modification to the <br />38 existing TIF budgets for each district. <br />39 <br />40 Commissioner Horst asked about the timeframe for this and if it is housekeeping. Ms. . Kvilvan <br />g <br />41 replied the project area needs to be better defined for any future projects and sale of tax revenue <br />42 increment bonds. <br />43 <br />44 Commissioner Stille referenced the $20 million increase and noted this will not impact residents' <br />45 tax bills for next year. Ms. Kvilvang explained the project budgets for tax increments are online <br />46 right now. She added this does not affect the residents tax base. <br />47 <br />