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10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />47 <br />48 <br />49 <br />CITY OF ST. ANTHONY <br />HRA REGULAR MEETING MINUTES <br />DECEMBER 8, 2009 <br />CALL TO ORDER. <br />Chair Faust called the meeting to order at 7:00 p.m. <br />ROLL CALL. <br />Commissioners present: Chair Faust; Commissioners Gray, Roth, Stille, and Thuesen <br />Commissioners absent: None. <br />Also Present: Executive Director Michael Morrison, City Attorney Jerome Gilligan, <br />Finance Director Roger Larson, Assistant City Manager Kim Moore - <br />Sykes, City Clerk Barb Suciu, Police Chief John Ohl, Fire Chief John <br />Malenick, Public Works Director Jay Hartman, Liquor Manager Mike <br />Larson, Todd Hubmer, WSB & Associates, and Justin Messner, WSB & <br />Associates. <br />I. APPROVAL OF DECEMBER 8, 2009 HRA MEETING AGENDA. <br />Motion by Commissioner Thuesen, seconded by Commissioner Stille, to approve the December <br />8, 2009 Housing and Redevelopment Authority Agenda as presented. <br />Motion carried unanimously. <br />II. CONSENT AGENDA. <br />Chair Faust requested an overview of Resolution No. 09-009. <br />Executive Director Morrison explained that Resolution No. 09-009 authorizes the transfer of Tax <br />Increment Financing (TIF) from Apache TIF District 43-5 to Series 2006 Bond Fund #335 in the <br />amount of $347,300.00 and to Series 2007 Bond Fund #336 in the amount of $306,173.76. <br />Finance Director Larson explained that staff is not authorized to complete the above transfer <br />without formal Council approval. Ehlers & Associates annually reviews the taxes paid and TIF <br />generated by all developments within the Apache TIF District #3-5. They have completed their <br />review and confirmed that both developments generated adequate TIF to make the required 2009 <br />bond payments. <br />Commissioner Stille requested discussion on the Tax Exempt TIF Revenue Bonds, noting that <br />General Obligation Bonds are not associated with this transfer. <br />Finance Director Larson explained that TIF revenue bonds are paid strictly by revenue from the <br />TIF District, while the taxpayer has the obligation for making payments on General Obligation <br />Bonds. There would not be an obligation to the City if the TIF District were not to generate <br />enough revenue to make these bond payments. <br />Motion by Commissioner Stille, seconded by Commissioner Gray, to approve the Consent <br />Agenda, which consisted of: <br />