06-11-1979HOUSING AND REDEVELOPMENT AUTHORITY
OF RICHFIELD, MINNESOTA
Regular Meeting of June 11, 1979
The Housing and Redevelopment Authority of the City of Richfield met in
regular session in the Council Chambers of the City Hall on June 11, 1979, at
11:20 p.m.
The meeting was called to order by Chairman Loren L. Law.
Present: Collins, Jacobsen, Ludeman, Law
Absent: Luettinger
1. Minutes
Motion by Collins, seconded by Ludeman that the minutes of the May 29, 1979,
HRA meeting be approved as presented.
All ayes - Carried.
2. Approval of Additional Collateral
Thomas J. Moran, Finance Director, revieFred the additional $50,000 in
collateral pledged by the Summit State Bank, the official depository for the
Richfield Housing and Redevelopment Authority. He indicated that the additional
collateral beings the total amount pledged to $450,000. He recommended that the
HRA adopt a resolution approving this additional pledge of collateral.
Motion by Jacobsen, seconded by Ludeman 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. 122
_ RESOLUTION APPROVING ADDITIONAL COLLATERAL FOR THE
SUMMIT STATE BANK, A DEPOSITORY OF FUNDS OF
THE HOUSING AND REDEVELOPMENT AUTHORITY OF RICHFIELD
Poll of votes: Ayes - Collins, Jacobsen, Ludeman, Law. Nays - None. Absent -
Luettinger. Carried. This resolution appears as Resolution No. 122 in Resolution
Book No. 1.
HRA Meeting. Minutes -. _ -2- June 11; 1979
3. Authorization-._,~o Purchase ~6b07 Lake Shore Drive~~ - _
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Richard Krier, Planning and Redevelopment Director, reviewed-the negotiations ''
between the staff-and the Gallaghers for HRA's purchase of the property at 6607
Lake Shore Drive. He recommended that the HRA adopt the necessary resalution
authorizing this purchase.
Lawrence•Wozniczka, 6744 Wentworth, spoke in apposition to. this property
"~-,~Eg-uisition. - . ~ ,
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.-123 - -_
RESOLUTION AUTHORIZING THE BORROWING OF MONEY -
FROM THE CITY OF RICHFIELD AND THE PURCHASE
OF REAL PROPERTY AT 6607 LAKE SHORE DRIVE -
Eo11 of votes: Ayes - Collins, Jacobsen, Ludeman, Law. Nays - None. Absent -
Luettinger. Carried.- This resolution appears as Resolution No. 1.23 in Resolution
Book No. 1..
4. Claims and- Payrolls
Motion by-Jacobsen, seconded by Ludeman that the following claims and ,
payrolls be approved:
SUMMIT STATE BANK
Checks 7:846/2658 $823,908.23
A11 ayes - Carried. - -
5. Payments and Estimates
Motion by Ludeman, seconded by Jacobsen that the following payment and
estimate be approved: -
Estimate ~kl to Deluxe Construction for K-Mart Storm Sewer
Relocation, CP 738 -.$27,531 (85% complete) •
A11 ayes - Carried. Absent - Luettinger.
1
HRA Meeting Minutes -3- June 11, 1979
Motion by Ludeman, seconded by Collins that the following payment and
estimate be deferred:
Estimate ~~3 and final - Kamish and Sons - 100% completion of
demolition and site clearance for K-Mart - $9,570.00
All ayes - Carried. Absent - Luettinger.
6. Adjournment
Motion by Jacobsen, seconded by Collins that the meeting adjourn.
A11 ayes - Carried. Absent - Luettinger. Time: 11:45 p.m.
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Date Approved: June 25, 1979