HomeMy WebLinkAboutHRA MINUTES 11031983CITY OF ST. ANTHONY
HOUSING AND REDEVELOPMENT AUTHORITY MINUTES
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November 3, 1983
The meeting was called to order by Chairman Sundland at 5:05 P.M.
Present: Sundland, Vice Chairman Letourneau and Commissioners
Enrooth and Ranallo. Secretary/Treasurer Marks arrived
at 5:15 P.M.
Also present: David Childs, Executive Director; William Soth, City
Attorney; and Dick Krier, H.R.A. Consultant.
Attorney Soth explained the negotiations underway with Arkell
Development concerning the transaction for the land for Phase I of
the Kenzie Terrace Project.
He then presented a proposed 2nd Amendment to the Redevelopment Con-
tract whereby the redeveloper would be allowed certain -modifications
to the deed, i.e., the mortgage on the land would be heldbybyRothchild
Financial and the City would gain certain rights with respect to
foreclosure on that mortgage if the redeveloper defaults on the
redeveloper's agreement.
A motion was made by Secretary/Treasurer Marks and seconded by
Commissioner Enrooth to approve H.P,,.A. Resolution 83-012 which relates
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to authorization of the second amendment to the redevelopers agree-
ment.
H.R.A. RESOLUTION 83-012
AMENDMENT OF REDEVELOPMENT CONTRACT AND DEED FOR PHASE I
IN RELATION TO MORTGAGE FOR ACQUISITION OF
PHASE I BY REDEVELOPER
Motion carried unanimously.
The meeting adjourned at 5:45 P.M.
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