HomeMy WebLinkAboutHRA MINUTES 09131988I& y
C= TY (DIF S T. ANTHONY
HOU S = NG AND RED EVE LOPMENT
AUTHORITY M I NUT E S
S E PT EMB E R
3-3, 1988
1 The meeting was called to order at 10:20 P.M. by Chair Sundland.
2 ROLL CALL
3 Present for roll call: Sundlarid, Vice Chair Enrooth, Secretary/
4 Treasurer Marks, and Commissioners Ranallo
5 and Makowske.
6 Also present: David Childs, Executive Director
7 Sue VanderHeyden, Assistant to the City Manager
8 AUGUST 23, 1988 H.R.A. MINUTES APPROVED
9 Motion by Ranallo, seconded by Marks to accept the above as presented.
10 Motion carried unanimously.
11 CLAIMS
402 Motion by Marks, seconded by Enrooth to approve payment of $2,500.00 to
3 Dahlen & Dwyer, Inc. for an appraisal of the property in the Kenzie
4 Terrace redevelopment property area which is proposed to be acquired for
15 the St. Anthony/LaNel Project.
16
Motion carried unanimously.
17 Motion by Ranallo, seconded by Makowske to approve payment of
18 $2,043.02 to the Dorsey & Whitney law firm for legal services rendered
19 during July, 1988, related to a new developer for Kenzie Terrace
20 Multifamily Housing project.
21
Motion carried unanimously.
23 Acquisition and Sale of Property to Developer Authorized by H.R.A.
24 At 10:22 P.M. the Chair opened the public hearing to take testimony on
25 the above as reported in the Notice of Hearing published in the August
26 24th Bulletin.
27 The Executive Director reported no response from the public to the
28 notice and, in the absence of persons to testify either for or against
29 the proposal, the hearing was closed at 10:23 P.M. for the following:
61 H.R.A. Action
2 Motion by Marks, seconded by Makowske to authorize the acquisition of
3 the property described in the August 24th Bulletin Notice of Hearing
4 for sale to the St. Anthony LaNel Partnership for an amount less than
5 paid by the H.R.A. for the land for the purpose of the partnership
6 constructing a multifamily rental housing development containing
7 approximately 201 housing units and related facilities.
8 Motion carried unanimously.
9 NEW BUSINESS
10 Staff Reoorts Successful Negotiations with Arkell and Tushi
11 Mr. Childs summarized the information regarding the settlement agreement
12 negotiated between Arkell, Tushie and the H.R.A. which had been reported
13 in the letter which H.R.A. members had been provided prior to the
14 meeting. The amounts Messrs. Arkell and Tushie had agreed to accept
15 from the refund of a portion of the forfeited Letter of Credit and
16 arbitrage proceeds from the Housing and Revenue Bonds issued to finance
17 Phase III of the Kenzie Terrace Redevelopment Project were reiterated
18 by the Executive Director. There was general H.R.A. agreement that
19 staff had negotiated a reasonable agreement with the former project
20 developers which had avoided a law suit.
21 Mr. Childs indicated he was hopeful that the acquisition of property
2from Mr. Saliterman would be accomplished by next week after which the
3 land would be sold to LaNel who have indicated they would start
24. construction as soon as the current tenants are relocated.
25 H.R.A. Actio
26 Motion by Enrooth, seconded by Marks to approve the settlement agreement
27 staff has negotiated with Messrs. Arkell and Tushie.
28 Motion carried unanimously.
29 Enrooth Won't Be Present for the September 27th Meetings
30 The Vice Chair indicated the above during a brief discussion of meetings
31 which are scheduled for the remainder of the month.
32
33 Motion by Marks, seconded by Enrooth to adjourn the H.R.A. meeting at
34 10:30 P.M.
35 Motion carried unanimously.
36 Respectfully submitted,
37 Helen Crowe, Secretary