HomeMy WebLinkAboutHRA MINUTES 05241994El
1 CITY OF ST. ANTHONY
2 HOUSING AND REDEVELOPMENT AUTHORITY MINUTES
3 MAY 24, 1994
4 I. CALL TO ORDER.
5 The meeting was called to order by Chair Ranallo at 7:51 P.M..
6 II. ROLL CALL.
7 H.R.A. Members Present: Chair Ranallo, Vice Chair Enrooth, Secretary/Treasurer
8 Marks, Commissioners Fleming and Wagner
9 Staff Present: Interim H.R.A. Director Hamer
10 H.R.A. Attorney Soth
0 III. APPROVAL OF MAY 24, 1994 H.R.A. AGENDA.
12 Motion by Fleming, seconded by Marks, to approve the May 24, 1994 H.R.A. agenda.
13 Motion carried unanimously.
14 IV. APPROVAL OF APRIL 26, 1994 H.R.A. MINUTES.
15 Motion by Wagner, seconded by Enrooth to approve the April 26, 1994 H.R.A.
16 minutes, as presented.
17 Motion carried unanimously.
18 V. PRESENTATION OF CLAIMS.
19 Motion by Marks, seconded by Enrooth to approve payment of the following claims:
20 A. Dorsey & Whitney.
21 Dorsey & Whitney in the amount of $389.60 for legal services rendered through
22 March 31, 1994.
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I City of St. Anthony
2 Housing and Redevelopment Authority Minutes
3 May 24, 1994
4 Page 2
5 B. City of St. Anthony General Fund,
6 City of St. Anthony General Fund in the amount of $24,039.20 for expenses
7 incurred regarding the 27th and Coolidge Avenue project.
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9 VI. TAX INCREMENT FINANCING/EVERGREEN TOWNHOMES.
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It has been recommended by Jerry Gilligan of Dorsey & Whitney and Bob Thistle of
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Springsted, Inc., that payment on the Evergreen Tax Increment Financing District, less
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administration costs incurred by the H.R.A., be paid to Norwest Investment Services,
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Inc., with a set 10% of each years' revenue to be retained for administrative expenses.
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It was also noted that this payment will be made annually until the debt is retired.
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Motion by Marks, seconded by Enrooth to approve payment to Norwest Investment
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Services, Inc. in the amount of $50,173.09 ($55,747.88 less $5,574.79 administrative
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expenses).
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19 VII. ADJOURNMENT.
20 Motion by Marks, seconded by Fleming to adjourn the H.R.A. at 8:55 P.M..
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22 Respectfully submitted,
23 Connie Kroeplin
24 City Clerk
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