HomeMy WebLinkAboutHRA MINUTES 09221987C T TY O F S T_ ANTHONY
• HOU S T N G AND REDEVELOPMENT
AUTHOR 2 TY M S NUT E S
S E P T EMB E R 22, 3-987
1 The meeting was called to order by Chairman Sundland at 10:15 P.M.
2 Present: Sundland, Secretary/Treasurer Marks, and Commissioners
3 Ranallo and Makowske.
4 Absent: Vice Chair Enrooth.
5 Also present: David Childs, Executive Director
6 William Soth, H.R.A. Attorney
7 AUGUST 25. 1987 H.R.A. MINUTES
8 Motion by Marks, seconded by Ranallo to approve with the following
9 change:
10 Page 3, line 4: Substitute "accent" for "accept" after "to"
11 Motion carried unanimously.
12 CLAIMS
03 Motion by Marks, seconded by Ranallo, to approve payment of $1,101.25
14 to the Dorsey & Whitney law firm for legal services to the H.R.A.
15 during July, 1987.
16 Motion carried unanimously.
17 PROGRESS REPORT ON KENZIE PROJECT AND REDEVELOPMENT AGREEMENT
18 The agenda packet included Mr. Krier's September 16th report and
19 advisory letter to Mr. Arkell on the above.
20 The Executive Director gave the sequence of events he expected to be
21 followed in the next 20 days, telling the Commissioners:
22 staff met with the redevelopers the previous Thursday and
23 "things are progressing very well";
24 the center owner wants more than twice what the H.R.A. is
25 willing to pay for the shopping center property;
26 the redeveloper is therefore going to be instructed to sell and
27 place the Housing Revenue Bonds, thereby removing any risk for
28 the City before acquiring the land;
29 after the bond sale is completed, staff would start to acquire
30 the land, perceiving to wait would only delay construction for
631 two months;
32 in the meantime, all preparations are being made for acquisi-
33 tion including new appraisals, soil testing, etc.
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•1 Mr. Krier met with the MCDA staff person last Friday and the
2 consultant, Mr. Childs, and Commissioner Ranallo have scheduled
3 a meeting with Alderman Dziedzic the following day to see what
4 alternatives the Alderman has come up with;
5 the redeveloper and Mr. Krier intend to meet with the Min -
6 neapolis neighbors prior to the October 13th H.R.A. meeting
7 where it is hoped staff would be able to present the Re -
8 development Agreement with the Gaughan Company for approval;
9 the Letter of Credit would be signed by the redeveloper;
10 and, the hearings on the.P.U.D. amendment could be scheduled.
11 Mr. Soth pointed out that, even though the September 15th deadline
12 for acquiring the land hadn't been met, at least the City now had a
13 redeveloper who was meeting all the H.R.A.'s demands for the
14 project. He indicated that if when the new appraisals are completed
15 the center owner is still unwilling to sell his property for a
16 reasonable amount, condemnation process will have to be initiated,
17 which could take several months. In that event, the H.R.A. Commis -
18 sioners will be able to set the price on the property.
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20 Motion by Ranallo, seconded by Marks to adjourn the St. Anthony
021 Housing and Redevelopment Authority meeting at 10:25 P.M.
22 Motion carried unanimously.
23 Respectfully submitted,
24 Helen Crowe, Secretary
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