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08-23-1976.HOUSING AND REDEVELOPMENT AUTHORITY OF RICHFIELD, MINNESOTA Continued Meeting of August 9, 1976 August 23, 1976 The regular meeting of the Housing and Redevelopment Authority of the City of Richfield of August 9, 1976 was reconvened August 23, 1976 at 10:50 PM in the Council Chambers of the City Hall at 10:50 PM. The meeting was called to order by Commissioner Law, Chairman. Present: Anderson, Jacobsen, Ludeman, Luettinger, Law 1. Minutes Motion~by Anderson, seconded by Jacobsen that the minutes of the August 9, 1976 meeting be approved as submitted. All ayes - Carried. 2. Progress Report on Lyndale/Hub/Nicollet Project Area Richard Krier, Planning Director, reported on efforts to market the TnIoodlake School parcel and the department store land parcels. 3. Report on Lyndale/Hub/Nicollet Project Area Special Assessments Donald Ringrose, of BRTni, presented a progress report on the Lyndale/Hub/Nicollet project and outlined methods of special assessments which could satisfactorily be used for street and landscape improvements in the project area. Motion by Anderson, seconded by Jacobsen to refer consideration of special assessment alternatives to the Commercial Improvement Committee for study and request that committee to report back to the HRA Commission in November. All ayes - Carried. 4. Acquisition of Property at 723 Graham Avenue '1'he Executive Director reported that Mr. and Mrs. Gerhard Pidino, 723 Graham Avenue, have requested the HRA to purchase their single family home. This home is located within the Lyndale/Hub/Nicollet project area. He further reported that, since the HRA has no acquisition funds at this time, the .recommended procedure provides for the HRA to execute an agreement with the city for the loan and to HRA Meeting Minutes -2- ~ August 23, 1976 approve the sale, up to a maximum purchase price of $45,000. For this purchase to occur it would be necessary for the HRA to execute an agreement to borrow.' monies from the city and to pass a resolution approving the acquisition. Motion by Ludeman, seconded by Jacobsen that the following resolution be .adopted.; that it be spread in the resolution book and that it be made a part of these minutes: HRA RESOLUTION N0. 19 RESOLUTION AUTHORIZING EXECUTION OF A CONTRACT TO. BORROW MONEY FROM THE CITY OF RICHFIELD AND PROVIDING FOR THE PURCHASE OF REAL PROPERTY Poll of votes: Ayes - Anderson, Jacobsen, Ludeman, Luettinger, Law. Nayes - None. Carried. This resolution appears as Resolution No. 19 in Resolution Book No. 1. 5. Claims and Payrolls Motion by Jacobsen, seconded by Anderson that the following claims and payrolls be approved: SUMMIT STATE BANK Amount 8/9/76 Checks 11/38/1142 $ 125.00 8/23/76 Check 1143 _ 3,527.93 A11 Ayes - Carried. 6. Application for Rehabilitation Funds (Not on Agenda) The Planning Director reported on the progress that has been made on the rehabilitation program. The Richfield Bank has committed its total reserve of $100,000 and it is expected that the Summit State Bank would have committed its $100,000 total reserve in the near future. He indicated that, while some of the loans have been made to non-Richfield residents, lending institutions in other communities have also made loans to Richfield residents, making a total of new rehabilitation loans received by Richfield residents during the past several weeks in an amount of $165,000. HRA Meeting Minutes -3- ~ August 23, 1976 Motion by Ludeman, seconded by Jacobsen that the following resolution be adopted; that it be spread in the resolution book and that it be made a part of these minutes: HRA RESOLUTION N0. 20 RESOLUTION REQUESTING THE METROPOLITAN COUNCIL HRA TO APPLY FOR REHABILITATION GRANT FUNDS FOR IMPLE- MENTATION WITHIN THE CITY OF RICHFIELD Poll of votes: Ayes - Anderson, Jacobsen, Ludeman, Luettinger, Law. Nayes - None. Carried. This resolution appears as Resolution No. 20 in Resolution Book No. 1. Mr. Krier reported that HUD had agreed to approve the Knutson Project with 1 the condition that they change the siting of the building. 7. Adjournment Motion by Ludeman, seconded by Jacobsen that the meeting adjourn. All ayes -Carried. Time: 11:45 PM. Date Approved: September 13, 1976 a A. •P. Anderson Secretary