HomeMy WebLinkAboutHRA MINUTES 06142005I CITY OF ST. ANTHONY
02 HOUSING AND REDEVELOPMENT AUTHORITY MEETING
3 JUNE 14, 2005
CALL TO ORDER
Chair Faust called the meeting to order at 9:28 p.m.
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9 Commissioners present: Chair Faust; Commissioners Gray, Horst, Stille, and Thuesen.
10 Commissioners absent: None.
11 Also present: Executive Director Michael Mornson.
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14 I. APPROVAL OF JUNE 14, 2005 H.R.A. AGENDA.
15 Motion by CommissionerThuesen, seconded by Commissioner Gray, to approve the June 14,
16 2005 Housing and Redevelopment Authority Agenda as presented.
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18 Motion carried unanimously.
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20 I1. CONSENT AGENDA.
21 Motion by Commissioner Stille, seconded by Commissioner Thuesen, to approve the Consent
22 Agenda, which consisted of:
23 A. H.R.A. Meetine Minutes of Mav 10.2005: and
44 B. Claims.
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26 Motion carried unanimously.
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28 111. PUBLIC HEARINGS.
29 None.
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31 IV. GENERAL POLICY BUSINESS OF THE H.R.A.
32 A. H.R.A. Resolution 05-007 re: Auurovine Housine and Redevelopment Authority 2004
33 Audit.
34 City Auditor Stuart Bonniwell presented the audit of the Housing & Redevelopment Authority.
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36 He noted there are three active TIF Districts. Money was refunded for the Kenzie Terrace
37 District, it was decertified. The final bond payment was made in February 2004. The County
38 TIF reimbursement was $329,886. The City's portion was $139,987 and $71,000 was used for
39 an electronic sign. The remaining amount is designated as the General Fund Reserve.
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41 He stated the City and the HRA concentrated most their time on the Silver Lake Village/Apache
42 development. The financial plan of Silver Lake Village is a plan that is functioning well. The
43 costs incurred by the HRA was fully reimbursable by the developer. The costs incurred by the
44 HRA include consultant fees, legal expenses, relocation costs and administrative costs and staff
45 time. The remaining Hellickson District was a pay as you go district. It expires in 2019 and the
46 obligations have been met. It is decertified in 2005 and will be back on the tax base in 2006.
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• Housing and Redevelopment Authority Meeting Minutes
June 14, 2005
Page 2
Chair Faust noted it important to highlight that the pay as you go districts are important to
decertify as soon as possible. This is a kudo for everyone involved.
Mr. Bonniwell noted the other HRA projects and funds including the Tires Plus Fund Balance at
$371,413 and the HRA Projects Fund $741,422.
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Mr. Momson pointed out the Tires Plus lease no longer is in existence and asked if it would
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make sense to eliminate that and combine it with the development fund since the building is no
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longer there. He asked if the HRA should make a motion to eliminate that fund and include it
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with the HRA projects funds.
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Mr. Bonniwell suggested it be made part of the motion in approving the audit.
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Motion by Commissioner Stille, seconded by Commissioner Gray, to adopt H.R.A. Resolution
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05-007, re: A Resolution Approving the Audit of the St. Anthony Housing and Redevelopment
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Authority for the Year Ended December 31, 2004, noting that the Tires. Plus building no longer
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exists and the Tires Plus Fund should be eliminated and combined with the Development Fund.
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Motion carried unanimously.
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B. H.R.A. Resolution 05-008 re: Authorizing Interfund Loan for Advance of Certain Costs
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in Connection with Tax Increment Financing District No. 3-5.
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City Auditor Stuart Bonniwell explained this sets up the loan as well as lays out the repayment
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schedule. The 4% interest rate is set by state guidelines. The loan can be repaid from TIF
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revenues.
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Motion by Commissioner Horst, seconded by Commissioner Gray, to adopt H.R.A. Resolution
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05-008, re: A Resolution Authorizing.Interfund Loan for Advance of Certain Costs in
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Connection with Tax Increment Financing District No. 3-5.
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Motion carried unanimously.
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33 V.
STAFF REPORTS.
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None.
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36 VI. H.R.A. COMMISSIONER COMMENTS.
37 None.
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39 VII. INFORMATION AND ANNOUNCEMENTS.
40 None,
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42 Vill. ADJOURNMENT.
3 Chair Faust adjourned the meeting at 9:40 p.m
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• Housing and Redevelopment Authority Meeting Minutes
June 14, 2005
Page 3
3 Respectfully submitted,
4 Chris Moksnes
5 TimeSaver Off Site Secretarial, Inc.
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Motion carried unanimously.