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1 CITY OF ST. ANTHONY <br />HOUSING AND REDEVELOPMENT AUTHORITY MEETING <br />APRIL 12, 2005 <br />4 <br />5 CALL TO ORDER. <br />6 Chair Faust called the meeting to order at 8:34 p.m. <br />8 ROLL CALL. <br />9 Commissioners present: Chair Faust; Commissioners Gray, Horst, Stille, and Thuesen. <br />10 Commissioners absent: None. <br />11 Also present: Executive Director Michael Morrison. <br />12 <br />13 <br />14 L APPROVAL OF APRIL 12, 2005 H.R.A. AGENDA. <br />15 Motion by Commissioner Horst, seconded by Commissioner Stille, to approve the April 12, 2005 <br />16 Housing and Redevelopment Authority Agenda as presented. <br />17 <br />18 Motion carried unanimously. <br />1.9 <br />20 II. CONSENT AGENDA. <br />21 Motion by Commissioner Stille, seconded by Commissioner Horst, to approve the Consent <br />22 Agenda, which consisted of: <br />23 A. H.R.A. Meeting Minutes of March 8.2005; and <br />0 B. Claims. <br />26 Motion carried unanimously. <br />27 <br />28 III. PUBLIC HEARINGS <br />29 None. <br />30 <br />31 IV. GENERAL POLICY BUSINESS OF THE H.R.A. <br />32 A. H.R.A. Resolution 05-005, re: Third amendment to redevelopment agreement with <br />33 Apache Redevelopment LLC — Stacie Kvilvang, Ehlers & Associates presenting, <br />34 Ms. Kvilvang stated one of the components in this agreement was to provide for the <br />35 redevelopment of 39'" Avenue. The cost would be $2.2 million to construct. Commercial <br />36 property would pay $1.705 million and surrounding properties would pay the rest. The amounts <br />37 were originally broken into two lump sums. She said they anticipated that Wal-Mart would pay <br />38 $1.705, and the rest of the properties would pay $600,000 over the years. The properties are <br />39 platted and request they be realigned and prorated. She noted that temporary bonds were sold for <br />40 this, and with new assessments, there is more that needs financing. There is no adverse financial <br />41 risk to the city. <br />42 <br />43 Motion by Commissioner Gray, seconded by Commissioner Thuesen, to adopt H.R.A. <br />44 Resolution 05-005, re: A third amendment to a redevelopment agreement by and among the City <br />of Saint Anthony, Minnesota, the Housing and Redevelopment Authority of the City of Saint <br />Anthony, Minnesota, and Apache Redevelopment LLC (The "Developer"), dated December 19, <br />2003. <br />48 <br />