HomeMy WebLinkAboutHRA MINUTES 062720001 CITY OF ST. ANTHONY
HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES
3 June 27, 2000
4 I. CALL TO ORDER.
5 The meeting was called to order by Chairman Cavanaugh at 10:53 p.m.
6 II. ROLL CALL.
7 Commissioners present: Chairman Cavanaugh, Vice Chair Thuesen, Commissioners Sparks
8 Horst, and Hodson.
9 Commissioners absent: None.
10 Also present: Executive Director Michael Momson.
11 III. APPROVAL OF NNE 27, 2000 H.R.A. AGENDA.
12 Motion by Horst to approve the H.R.A. Agenda of June 27, 2000 as presented.
13 Motion carried unanimously.
14 IV. CONSENT AGENDA.
15 Motion by Horst to approve the Consent Agenda, which included:
1. Housing and Redevelopment Authority Meeting Minutes of June 13, 2000; and
17 2. Claims for the H.R.A.
18 Motion carried unanimously.
19 V. GENERAL POLICY BUSINESS OF THE H.R.A.
20 A. Public Hearing. H.R.A. Resolution 00-007 re: Business Subsidy Policy.
21 Mayor Cavanaugh called the public hearing to order at 11:03 p.m. and requested a report from
22 City Manager Michael Mornson.
23 Mornson reviewed for the Commission that a business subsidy is defined as a "state or local
24 government grant, contribution, subsidized loan, tax or fee reductions or deferrals, any loan or
25 lease guarantee or any preferential use of government facilities."
26 Statute requires governmental agencies awarding business subsidies to establish specific public
27 purpose goals for the subsidies (business subsidy policy) including a wage floor. Morrison
28 directed the Council's attention to a draft business subsidy policy for the St. Anthony H.R.A.,
29 which establishes a wage floor of $8.01 per hour.
30 Mayor Cavanaugh called for any response from the audience, and hearing none, closed the public
31 hearing at 11:06 p.m.
q1Motion by Thuesen to approve H.R.A. Resolution 00-007, a Resolution Adopting a Business
33 Subsidy Policy, wherein the St. Anthony Housing and Redevelopment Authority hereby adopts
Housing and Redevelopment Authority Meeting Minutes
• June 27, 2000
Page 2
the City of St. Anthony Business Subsidy Policy attached hereto and on behalf of the City of
St.Anthony.
Motion carried unanimously.
B. Review Business Terms with Hillcrest on Tax Increment Financiniz Issues.
Executive Director Michael Morrison introduced Paul Steinman, Springsted, Public Finance
Advisors, and invited him to address the Commission.
Mr. Steinman directed the Commission's attention to his memorandum of June 20, 2000, a copy
of which is included with the Council's agenda package.
9 Mr. Steinman reviewed the memorandum, which outlined the deal points regarding the Hillcrest
10 redevelopment proposal for the Apache Plaza. Previous discussions with the developer and
11 H.R.A. have resulted in a conceptual project package, which was identified in the memorandum
12 in detail.
13 Various discussion ensued between the Councilmembers and Mr. Steinman regarding the details
14 of the redevelopment proposal.
Executive Director Michael Morrison handed out information regarding the Tax Increment Plan,
which will be reviewed and considered by the Council on July 25, 2000 at a public hearing.
17 Cavanugh inquired if, as a general practice, a summary or a cover letter of sorts could be
18 included with a document of substantial size in order to guide the Commissioners through the
19 document.
20 Bob Strakoda, an appraiser, approached the Commission and reassured the members that
21 Hillcrest is working towards the best possible solution and performance for the redevelopment.
22 V1. STAFF REPORTS.
23 None.
PZIR'I I IIS I II IWAV
25 None.
COMMENTS.
26 VIII. INFORMATION AND ANNOUNCEMENTS.
27 None.
28 IX. ADJOURNMENT.
29 Motion by Hodson to adjourn at 11:25 p.m.
WMotion carried unanimously.
Housing and Redevelopment Authority Meeting Minutes
• June 27, 2000
Page 3
1 Respectfully submitted,
2 Sue Selseth
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