HomeMy WebLinkAboutHRA MINUTES 03241987C= TY O F S T_ ANTHONY
HOU S = N G AND REDEVELOPMENT
AUTHOR 2 TY M 2 N UT E S
MARCH 2 4 1 9 8 7
The Special Housing and Redevelopment Authority meeting with Walker
Development Corporation representatives regarding the Kenzie Terrace
Redevelopment project which had been adjourned at 7:25 P.M. for the
Council meeting was reconvened by Chairman Sundland at 9:08 P.M.
Present for roll call: Sundland, Vice Chair Enrooth, Secretary/
Treasurer Marks, and Commissioners Ranallo
and Makowske.
Also present: Executive Director David Childs
H.R.A. Attorney Jerry Gilligan of the Dorsey
and Whitney law firm.
During the special meeting called to discuss a suggestion by Walker
Methodist Homes that they take over for Arkell Development Corporation
as developers of Phases II and III of the Kenzie Terrace project, H.R.A.
members had concurred with the Walker representatives that an updated
feasibility study of the project was essential.
vice Chair Enrooth agreed with the Secretary/Treasurer that, because of
•the bonding time constructions, it was imperative that the study be done
as soon as possible. He suggested a bid to do the study should be
sought from the firm who had made the original study of the project to
see if the fact that they had the original research available might be
beneficial towards accelerating the process.
H.R.A. Action
Motion by Marks, seconded by Enrooth to authorize the Executive Director
to expend up to $20,.000 for the feasibility study for Phases II and III
of the Kenzie Terrace Redevelopment Project which the H.R.A. had
discussed with Walker representatives during their March 24, 1987
meeting. Mr. Childs is further directed to have the concerns the
developers had about the project addressed, in that study.
Motion carried unanimously.
Chairman Sundland said he wanted the record to read that his
understanding of the conversation with Walker had been that the
developers would get no exclusive treatment related to the Letter of
Credit required by the Redevelopers Agreement now that the City and not
the deverlopers were having the study done. Mr. Gilligan agreed that
the criteria for any other agreement would have had to be negotiated
with Walker, which would delay the start of construction even further.
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The necessity for an updated feasibility study had been further
reinforced by Commissioner Ranallo who said he had held conversations
with a representative of the firm who are developing the Rose Point
project in Roseville, who had indicated an interest in learning more
about the Kenzie Terrace project.
ADJOURNMENT
Motion by Marks, seconded by Enrooth to adjourn the St. Anthony Housing
and Redevelopment Authority meeting at 9:15 P.M.
Respectfully submitted,
Helen Crowe, Secretary
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Motion carried unanimously.