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1 CITY OF ST. ANTHONY <br />.2 MOUSING AND REDEVELOPMENT AUTHORITY MEETING <br />3 <br />4 <br />5 CALL TO ORDER. <br />6 Chair Faust called the meeting to order at 7:00 p.m. <br />7 <br />8 ROLL CALL. <br />9 Commissioners present: Chair Faust; Commissioners Gray, Horst, Stille, and Thuesen. <br />10 Commissioners absent: None. <br />11 Also present: City Manager Mornson. City Attorney Lindgren <br />12 <br />13 PLEDGE OF ALLEGIANCE <br />14 <br />15 <br />16 I. APPROVAL OF JULY 25, 2006 H.R.A. AGENDA. <br />17 <br />18 Motion by Councilmember Stille, seconded by Councilmember Horst, to approve the July 25, <br />19 2006 Dousing and Redevelopment Authority Agenda as presented. <br />20 Motion carried unanimously® <br />irA�1 YI �II lr� I I! <br />21 <br />22 II. CONSENT AGENDA. <br />23 <br />24 A. Approval of June 13, 2006 HRA Minutes <br />25 B. Claims <br />26 <br />27 Motion by Commissioner Stille, seconded by Commissioner Gray, to approve the Consent <br />28 Agenda. <br />29 Motion carried unanimous y� <br />30 <br />31 <br />32 IIL PUBLIC HEARINGS, <br />33 None <br />34 <br />35 <br />36 IV. GENERAL POLICY BUSINESS OF THE H.R.A. <br />37 <br />38 A. Resolution 06-009, Calling for a Public Hearing on TIF policy._ <br />39 <br />40 Ms. Stacy Kvilvang, Ehlers & Associates, stated before the Council is a modification to <br />41 Redevelopment Project No. 3 and TIF District No. 3. Ms. Kvilvang stated as Ehlers & <br />42 Associates completed the City Tax Increment Financing reports for the State Auditor, it was <br />43 determined the City would have excess increment ($247,405) in 2005. Excess increment is <br />44 defined as increment generated in excess of what was budgeted. <br />45 <br />46 Ms. Kvilvang stated in 2005, the Legislature changed TIF law to require communities spend or <br />47 return any excess increment within nine months after the end of the year -- September 1St of the <br />48 following year. Ms. Kvilvang indicted Ehlers & Associates recommends the HRA and City <br />49 Council modify the TIF budget for the District to match it to expected revenues. This needs to be <br />