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I CITY OF ST. ANTHONY <br />HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES <br />3 MAY 28, 1996 <br />4 I. CALL TO ORDER/ROLL CALL. <br />5 The meeting was called to order at 8:11 P.M. <br />6 H. ROLL CALL. <br />7 Commissioners Present: Chair Ranallo, Vice Chair Enrooth, Secretary Marks, <br />8 Commissioners Wagner and Faust. <br />9 Also Present: Executive Director Michael Morrison and Finance Director Roger Larson. <br />10 III. APPROVAL OF MAY 28, 1996 HRA AGENDA. <br />I 1 Motion by Marks, second by Enrooth to approve the May 28, 1996 HRA Agenda with the <br />12 following change: <br />13 After Item IV. Add: IV. A. 1995 HRA Audit Report <br />14 <br />15 Motion carried unanimously. <br />16 IV. APPROVAL OF MAY 14,1996 HRA MINUTES. <br />Motion by Marks, second by Wagner to approve the May 14, 1996 HRA minutes as <br />presented. <br />19 Motion carried unanimously, <br />20 A. 1995 HRA Audit Report <br />21 Stuart Bonniwell, City Auditor, stated he had no concerns with the HRA audit and <br />22 noted there was sufficient cash flow to make all the debt service payments. He <br />23 noted the current cash flow balance is $5.5 million which will be reduced by $2.5 <br />24 million as a result of building the new building. It was noted this figure did not <br />25 include the $1.2 million in the Capital Project Fund which the City had set aside <br />26 over the years for the project. He suggested the engineer or architect cost certify <br />27 that the City Hall portion of the current project was at least $1.2 million to satisfy <br />28 the resolution because the bond proceeds have to be spent on the Community <br />29 Center only. <br />30 Motion by Marks, second by Wager to approve the 1995 HRA Audit Report as <br />31 presented. <br />32 Motion carried unanimously. <br />V. PRESENTATION OF CLAIMS. <br />0 Motion by Wagner, second by Marks to approve the following claims: <br />