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06-30-06 Special HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Special Meeting (continued from June 26, 2006) June 30, 2006 The continued Special HRA meeting was called to order by Chair Sandahl at 9:07 a.m. in the Council Chambers. HRA Members Present: Sue Sandahl; Joan Heimberger; David Gepner; and Donna Drummond. HRA Members Not Present: Martin Kirsch. Staff Present: Steve Devich, Executive Director; Bruce Palmborg, Community Development Director; Pat Smith, Community Development Manager; Deborah Guiher, Deputy City Clerk; John Dean and Corrine Thomson, City Attorneys. Item #1 Executive Director Devich stated that this Special HRA meeting is a continuation from the Special meeting of June 26, 2006. HRA Special Meeting Minutes -2- June 30, 2006 City Attorney Thomson summarized the amendment to the Waiver Agreement and explained the two provisions that were added to the original document. City Attorney Thomson continued with the review of the amendments to the Escrow Agreement. City Attorney Dean summarized the amendments made to the First Amendment to Contract for Private Development. He stated the resolution to be approved should include the authorization for the Executive Director and HRA Chair to sign the First Amendment to Contract for Private Development. City Attorney Dean discussed the HRA's possible obligation to pay up to $500,000 to Ryan Companies for the cost of potential construction delays related to working through the issue of deed restrictions on property purchased with MAC funds. City Attorney Thomson reviewed the Stipulation of Partial Settlement with Glynn Haag the owner of 6500 Cedar Avenue. She stated that the waiver to Right to Public Purpose has been signed. M/Gepner, S/Helmberger that the followina HRA resolution be adopted, that it be spread in the HRA resolution book and that it be made part of these minutes: and authorize the Executive Director and HRA Chair to sian the amendment to First Amendment to Contract for Private Development: HRA RESOLUTION NO. 984 RESOLUTION APPROVING AMENDMENT TO THE FIRST AMENDMENT TO CONTRACT FOR PRIVATE DEVELOPMENT Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 984. MlDrummond, S/Helmberger that the followina HRA resolution be adopted, that it be spread in the HRA resolution book and that it be made part of these minutes: HRA RESOLUTION NO. 985 RESOLUTION APPROVING AMENDMENT OF ESCROW AGREEMENT WITH RYAN COMPANIES US, INC. Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 985. M/Helmberger, S/Gepner that the followina HRA resolution be adopted, that it be spread in the HRA resolution book and that it be made part of these minutes: HRA RESOLUTION NO. 983 RESOLUTION APPROVING AMENDMENT OF WAIVER AGREEMENT WITH RYAN COMPANIES US, INC. FOR CEDAR POINT COMMONS Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 983. M/Drummond, S/Gepner that the followina HRA resolution be adopted, that it be spread in the HRA resolution book and that it be made part of these minutes: HRA Special Meeting Minutes -3- June 30, 2006 HRA RESOLUTION NO. 986 RESOLUTION APPROVING STIPULATION OF PARTIAL SETTLEMENT WITH GLYNN HAAG, OWNER OF 6500 CEDAR AVENUE Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 986. The meeting was adjourned by unanimous consent at 9:42 a.m. Date Approved: July 17, 2006 ~~'AI Deborah Guiher Deputy City Clerk