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�l CITY OF ST. ANTHONY <br />2 HOUSING AND REDEVELOPMENT AUTHORITY MEETING <br />3 SEPTEMBER 25, 2007 <br />4. <br />5 <br />6 CALL TO ORDER <br />7 <br />8 Chair Faust called the meeting to order at 7:46 p.m. <br />9 <br />10 ROLL CALL <br />I I Commissioners present: Chair Faust; Commissioners Gray, Horst, Stille, and Thuesen. <br />12 Commissioners absent: None <br />13 Also present: Executive Director Michael Mornson <br />14 <br />15 <br />16 I. APPROVAL OF SEPTEMBER 25, 2007 H.R.A. AGENDA <br />17 <br />18 Motion by Commissioner Thuesen, seconded by Commissioner Stille, to approve the September <br />19 25, 2007 Housing and Redevelopment Authority Agenda as presented. <br />20 <br />21 Motion carried unanimously <br />22 <br />23 11. CONSENT AGENDA <br />1 <br />5 <br />A. Approve the September 11, 2007, H.R.A. Minutes. <br />26 <br />B. Claims <br />27 <br />28 <br />Motion by Commissioner Stille, seconded by Commissioner Horst, to approve the September 11, <br />29 <br />2007 Consent Agenda as presented. <br />30 <br />31 <br />Motion carried unanimously. <br />32 <br />33 111. <br />PUBLIC HEARINGS <br />34 <br />35 <br />None <br />36 <br />37 IV. <br />GENERAL POLICY BUSINESS OF THE H.R.A. <br />38 <br />39 <br />A. Resolution 07-011 : Sixth Amendment to the Development Agreement for Silver Lake <br />-t0 <br />Villape. <br />41 <br />42 <br />Ms. Stacy Kvilvang, Ehlers & Associates, reported that on November 14, 2006, the City <br />43 <br />approved a fifth amendment to the Redevelopment Contract with Apache Redevelopment LLC. <br />'I't <br />She stated the amendment extended the dates to commence construction of the residential condo <br />45 <br />buildings by one year to September I, 2008 for building #3 and September I, 2009 for building <br />46 <br />#4, and it split the TIF PAYG note into two notes. <br />Ms. Kvilvang reported that the developer is working with their lender on the financing package <br />49 <br />for building #3 and anticipates beginning construction by the summer of 2008 and beginning <br />