Laserfiche WebLink
2 <br />Housing and Redevelopment Authority Meeting Minutes <br />June 26, 2012 <br />Page 2 <br />1 would only accrue and be added to principal until the first payment on August 1, 2006. She <br />2 stated when the TIF note was issued in 2004, the City did not anticipate receiving an inflationary <br />3 value increase in 2005 and the new end payment date on the TIF note should be reduced by one <br />4 year to provide Dominium with 25 years of TIF rather than 26. She added the remaining balance <br />5 at the end of the duration of the TIF district will be approximately $2.9 million. <br />6 <br />7 Motion by Commissioner Roth, seconded by Commissioner Gray, to approve Resolution 12-07; <br />8 Relating to Amendment of Tax Increment Note for The Landings Housing Project within Silver <br />9 Lake Village. <br />10 <br />11 Motion carried unanimously. <br />12 <br />13 V. STAFF REPORTS <br />14 <br />15 None. <br />16 <br />17 VI. H.R.A. COMMISSIONER COMMENTS <br />18 <br />19 None. <br />20 <br />21 VII. INFORMATION AND ANNOUNCEMENTS <br />22 <br />23 None. <br />24 <br />25 VI IL ADJOURNMENT <br />26 <br />27 Chair Faust adjourned the meeting at 8:06 p.m. <br />28 <br />29 Respectfully submitted, <br />30 Barbara Hughes <br />31 TimeSaver Off Site Secretarial, Inc. <br />32 <br />33 <br />34 <br />35 ATTEST: Chair <br />36 <br />37 <br />38 City Clerk <br />