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07-21-06 Regular HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Continued Regular Meeting (continued from July 17, 2006) July 21, 2006 The continued HRA meeting was called to order by Chair Sandahl at 8:05 a.m. in the Council Chambers. HRA Members Present: Sue Sandahl; Joan Heimberger; Martin Kirsch; Donna Drummond; and David Gepner. Staff Present: Steve Devich, Executive Director; Bruce Palmborg, Community Development Director; Pat Smith, Community Development Manager; Nancy Gibbs, City Clerk; and John Dean, HRA Attorney. Executive Director Devich began the meeting with information that a MAC meeting was held on July 20, 2006, which included representatives from the City, Ryan Companies US, and MAC. Discussion included restricted covenants and an agreement had been reached. Chair Sandahl asked what the main points were at this meeting. Executive Director Devich explained some of the points included were height restrictions, lighting issues and radio interference. HRA Attorney Dean stated that Ryan Companies, Target and Home Depot wanted assurance that no restrictions would be added later. Item #1 HRA Meeting Minutes -2- July 21,2006 Community Development Manager Smith presented Staff Report No. 49. Due to the Metropolitan Airports Commission (MAC) meeting on July 20, 2006, no action was required on this item. Item #2 HRA Attorney Dean explained amendments to the escrow agreement. He also stated that a proposed change would be coming to this agreement at the July 25 meeting. Matt Schneider, on behalf of Ryan Companies, asked to speak with HRA Attorney Dean regarding the last change Mr. Dean just spoke of. HRA Attorney Dean suggested the HRA proceed with item 28 while he discussed proposed changes with Mr. Schneider. Chair Sandahl stated the HRA would hold off on 2A and proceed with 28 regarding the first amendment to the escrow agreement. Community Development Manager Smith presented Staff Report No. 50. M/Drummond, S/Gepner that the followinQ 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. 991 RESOLUTION APPROVING FIRST AMENDMENT TO THE ESCROW AGREEMENT Commissioner Heimberger asked if Community Development Manager Smith was clear that this would be settled by September 30 with no problem. Community Development Manager Smith explained the HRA reached an agreement with property owner and this is acceptable with Ryan's timetable. Motion carried 5-0. This HRA Resolution appears as HRA Resolution No. 991. At 8:15 a.m. Chair Sandahl asked for a five-minute recess until HRA Attorney Dean returned from consultation with Mr. Schneider of Ryan Companies. At 8:20 a.m. the HRA came back from recess to consider Item 2A. HRA Attorney Dean explained the amendments to the escrow agreement. Chair Sandahl asked if the HRA has incurred any of the $500,000 at this point. HRA Attorney Dean stated no we have not because we are not spending any money at this point. HRA Meeting Minutes -3- July 21, 2006 M/Sandahl, S/Kirsch that the followinQ 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. 990 RESOLUTION APPROVING SECOND AMENDMENT TO CONTRACT FOR PRIVATE DEVELOPMENT Motion carried 5-0. This HRA Resolution appears as HRA Resolution No. 990. The meeting was adjourned by unanimous consent at 8:28 a.m. Date Approved: August 21" 2006 ~a~'''1J' J;i~ N ncy Gibbs City Clerk