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HomeMy WebLinkAboutHRA MINUTES 04241984• CITY OF ST. ANTHONY ROUSING AND REDEVELOPMENT AUTHORITY MINUTES April 24, 1984 The meeting was called to order by Chairman Sundland at 8:56 P.M. Present for roll call: Sundland, Vice Chair Enrooth, Secretary/ Treasurer Marks, and Commissioners Makowske and Ranallo. Also present: David Childs Executive Director; Jerry Gilligan, Attorney; and Larry Hamer, Public Works Director. The H.R.A. minutes for April 10th were amended to substitute "half the length of the building" for "a foot or two" in Line 9, para. 9. Motion by Commissioner Ranallo and seconded by Secretary/Treasurer Marks to approve as amended the minutes of the H.R.A. meeting held April 10, 1984. Motion carried unanimously. Copies of the Purchase Agreement with Max Saliterman, whereby the • Mimosa Restaurant property could be acquired by the H.R.A. for the 202 senior rental housing in Phase II of the Kenzie Terrace Redevelop- ment Project, were distributed and Mr. Gilligan indicated the addendum 1 to 87 agreeing to pay Mr. Saliterman $25,000 plus interest for the interim between November 1, 1984 and the date of closing on the property would be incorporated into the document with the re-signing by the seller. Mr. Childs indicated there would be a small risk involved if Mr. Saliterman decides not to grant the additional option since the City would have to buy the property on November 30, 1984, in that event. Motion by Commissioner Ranallo and seconded by Secretary/Treasurer Marks to approve the Purchase Agreement with Max Saliterman for the acquisition of the Mimosa Restaurant property including the provision for interim payment and interest as proposed by the H.R.A. attorney. Motion carried unanimously. The H.R.A. next considered the proposed amendment to the Redevelopers Contract with the Arkand Partnership whereby Walker -Methodist would vassume the partnership's responsibility with respect to the 202 project. Muffie Gabler, speaking for Walker-:Mithodist, indicated t7ie sponsor's concern about who would be responsible for maintaining the portion of the property which would be used as a roadway, in the event the rest of the redevelopment should not be completed, since Walker perceives that road would be of no benefit to them. • Mr. Childs indicated staff recommended accepting the stipulation that the roadway be maintained by the City since the City would have -2 - ownership of it at that time anyway. He told the H.R.A. members the Arkand Letter of Credit would cover Walker -Methodist as well. The Director then reported a mutual agreement between the H.R.A. and Walker -Methodist that the sponsor would pay a fee in lieu of real estate taxes if it should later be determined—fHdt`2202 projects are not subj t to such taxes. Mr. Gilligan indicated H.U.D. had been informed of the agreement and had raised no objections to it at this time. Motion by Secretary/Treasurer Marks and seconded by Commissioner Ranallo to adopt the third amendment.to the H.R.A. Redevelopment Contract with the Arkand Partnership, as proposed by staff, contin- gent upon H.U.D. approval of the arrangement whereby Walker -Methodist agrees to pay fees which would reimburse the H.R.A. for the real estate taxes which would be lost if it is later determined 202 pro- jects are not subject to that type of taxation. Motion carried unanimously. Ms. Gabler indicated the 202 application would be made April 30th and she agreed to keep the staff informed as to when the Metro Council would be acting on that application. The City's representa- tive on the Metro Council had promised to give a favorable review to the application, according to Mr. Childs. • Motion by Commissioner P.anallo and seconded by Vice Chair Enrooth to adjourn'the meeting at 9::05 P.M. Motion carried unanimously n Respectfully submitted, Helen Crowe, Secretary