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12-21 HRA Regular HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting December 21, 2020 CALL TO ORDER The meeting was called to order by Chair Supple at 7:00 p.m. via Webex. HRA Members Mary Supple, Chair; Maria Regan Gonzalez; and Pat Elliott; Present: HRA Members Erin Vrieze Daniels; and Sue Sandahl Absent: Staff Present: John Stark, Executive Director; Melissa Poehlman, Assistant Community Development Director; and LaTonia DuBois, Administrative Assistant. Others Present: OPEN FORUM No Callers. APPROVAL OF THE MINUTES M/Elliott, S/Regan Gonzalez to approve the minutes of the Regular Housing and Redevelopment Authority meeting of November 16, 2020. Motion carried 3-0 Item #1 APPROVAL OF THE AGENDA M/Regan Gonzalez, S/Elliott to approve the agenda. Motion carried 3-0 HRA Meeting Minutes -2- December 21, 2020 Item #2 CONSIDERATION OF THE ADOPTION OF A RESOLUTION RELATED TO THE SALE OF THE HENLEY APARTMENT PORTION OF THE LYNDALE GARDENS DEVELOPMENT, APPROVING AN ASSIGNMENT AND ASSUMPTION AGREEMENT AND A COLLATERAL ASSIGNMENT OF THE SECONDARY DEVELOPER TAX INCREMENT FINANCING NOTE TO THE NEW BUYER AND THEIR LENDER. (S.R. NO. 42) Assistant Community Development Director Poehlman presented staff report No. 42 Commissioner Regan Gonzalez inquired about the reasoning for the sale of the development. Assistant Community Development Director Poehlman explained it was being sold to fund a new development, formerly known as the Henley II. RESOLUTION NO. 1381 APPROVING THE ASSIGNMENT OF CERTAIN DOCUMENTS IN CONNECTION WITH A DEVELOPMENT WITHIN THE LYNDALE GARDENS TAX INCREMENT FINANCING DISTRICT M/Regan Gonzalez, S/Elliott to Adopt a resolution approving the assignment of certain documents in connection with a development (The Henley Apartments) within the Lyndale Gardens Tax Increment Financing District. Motion carried 3-0 Item #3 CONSIDERATION OF A RESOLUTION APPROVING THE AMENDMENT AND/OR ASSIGNMENT OF DOCUMENTS ASSOCIATED WITH THE HENLEY II REDEVELOPMENT PROJECT. (S.R. NO 43) Executive Director Stark presented staff report No. 43 RESOLUTION NO. 1382 APPROVING THE ASSIGNMENT OF CERTAIN DOCUMENTS IN CONNECTION WITH A DEVELOPMENT LOCATED WITHIN THE 2020-1 TAX INCREMENT FINANCING DISTRICT HENLEY II M/Regan Gonzalez, S/Elliott Adopt a resolution approving the assignment of certain documents in connection with a development located within the 2020-1 Tax Increment Financing District - Henley II. Motion carried 3-0 HRA Meeting Minutes -3- December 21, 2020 Item #4 HRA DISCUSSION None Item #5 REPORT None Item #6 CLAIMS M/Regan Gonzalez, S/Elliott that the following claims be approved: U.S. BANK 12/21/2020 Section 8 Checks 132350-132425 $171,176.68 HRA Checks 33927-33938 $70,929.76 Total $242,106.44 Motion carried 3-0 Item #7 ADJOURNMENT The meeting was adjourned by unanimous consent at 7:14 p.m. Date Approved: January 19, 2021 Mary B. Supple HRA Chair LaTonia DuBois John Stark Administrative Assistant Executive Director