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07-25-06 Regular HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Special Meeting July 25, 2006 The meeting was called to order by Chair Sandahl at 4:50 p.m. HRA Members Present: Sue Sandahl; Martin Kirsch; Joan Heimberger; and David Gepner. HRA Members Not Present: Donna Drummond (excused absence). Staff Present: Steve Devich, Executive Director; Bruce Palm borg, Community Development Director; Pat Smith, Community Development Manager; Bruce Nordquist, Housing & Redevelopment Manager; Nancy Gibbs, City Clerk; and Corrine Thomson, Assistant HRA Attorney. Item #1 Community Development Manager Smith presented Staff Report No. 51. Attorney Thomson explained that the Johnsons had signed the settlement agreement on the wrong page. The Johnsons signed the signature line for Exhibit B rather then the signature page for the correct agreement. Attorney Thomson stated her belief that the Johnsons had intended to sign the amended stipulation and accept the terms. The Johnsons' attorney had told Attorney Thomson that he was sending the signed agreement to her. HRA Special Meeting Minutes -2- July 25, 2006 Chair Sandahl asked Attorney Thomson what would happen if the Johnsons did not re-sign the correct page of the agreement. Attorney Thomson stated the HRA could enforce this settlement based on the existing signatures, because of the Johnsons' expressed intention to accept the settlement proposal. She also stated that she did not expect there to be any problems in obtaining new signatures. M/Helmberger, S/Gepner that the followino 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. 992 APPROVING AMENDMENT TO SETTLEMENT OF EMINENT DOMAIN PROCEEDING Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 992. Item #2 Community Development Manager Smith presented Staff Report No. 52. M/Kirsch, S/Gepner that the followino 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. 993 RESOLUTION AUTHORIZING SALE OF REAL PROPERTY TO RYAN COMPANIES US, INC. Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 993. Item #3 Attorney Thomson explained technical modifications to the escrow agreement. Attorney Thomson recommended that the HRA approve modifications to the First Agreement in the alternative. The first alternative would be to approve the proposed First Amendment as presented at the meeting, if the Johnsons signed the stipulation. The second alternative would be that, if the Johnsons did not sign the stipulation, the HRA would approve the First Amendment with the exception that the phrase "and possession to" would be removed from paragraph 5(a) of the proposed First Amendment. Chair Sandahl asked Attorney Thomson what is the affect of that. Attorney Thomson responded that if the Johnson stipulation was not signed, the Johnsons would have until November 1 to move out, rather than September 30. She indicated that the HRA HRA Special Meeting Minutes -3- July 25, 2006 should not agree to deliver title and possession of the Johnson property by September 30 unless the HRA knew it could require the Johnsons to move by September 30. Attorney Thomson continued to explain that she fully expected that the HRA would be able to get the Johnson stipulation signed. M/Kirsch, S/Gepner to accept the chanaes as presented toniaht. however to add alternatives 1 and 2 which include approvina the proposed First Amendment as presented at the meetina if the Johnsons sian the stipulation; and if the Johnsons did not sian the stipulation. the HRA would approve the First Amendment with the exception that the phrase "and possession to" would be removed from paraaraph 5(a) of the proposed First Amendment. Motion carried 4-0. Item #4 Executive Director Devich presented Staff Report No. 53. Executive Director Devich renegotiated agreement at 100% of repayment of HRA mortgage for this property. M/Gepner, S/Helmberger to approve the reneaotiated Assianment of Mortaaae for 7445 10th Avenue to C & M Real Estate Services. Inc. Motion carried 4-0. The meeting was adjourned by unanimous consent at 5: 1 0 p.m. Date Approved: AUgUR" 11. 1006 ~ ...~ Nancy G~ City Clerk