12-09-1985HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF RICHFIELD, MINNESOTA
DECEMBER 9, 1985
COMMISSIONERS PRESENT: Thomas Harms; Joan Helmberger; Ivan
Ludeman; and, Vern Luettinger.
(Don Hassenstab absent due to .business
in Mankato).
CITY COUNCIL PRESENT: John Hamilton, Mayor; Howard Bunce; Ivan
Ludeman; Donald Priebe; and, Michael
Sandahl.
STAFF PRESENT: John Cartwright, City Manager; Steven
Devich, Administrative Services
Director; Dennis Kraft, Community
Development Director; Donald Fondrick,
Community Services Director; Thomas
Morgan, Public Safety Director; Clayton
LeFevere, City Attorney; and, Thomas
Ferber, City Clerk.
The meeting was called to order by Chairman Harms at 7:24 p.m.
Item #1 CONSIDERATION OF A DEVELOPERS AGREEMENT BETWEEN PALSCO,
THE DEVELOPERS OF A HAMPTON INN FRANCHISE PROJECT,. THE
CITY OF RICHFIELD AND HRA. HRA LETTER N0. 67.
Executive Director Cartwright reviewed HRA Letter No. 67
recommending that the HRA pass a resolution approving a contract
for private development with PALSCO, Inc. to build a Hampton Inn
at 78th Street and Lyndale Avenue. .
HRA Chairman Harms inquired if the county assessor had
agreed to the staggered EMV indicated in the developers
agreement.
City Attorney LeFevere responded that the assessor had
agreed to this EMV.
Council Member Priebe stated his opposition to the Hampton
Inn project because it provided a minimal contribution to the
tax increment and that it precludes any comprehensive
redevelopment east of Lyndale Avenue.
Commissioner Ludeman stated his support for the Hampton.
Inn project.
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HRA Meeting Minutes -2- - December 9, 1985
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M/Ludeman, S/Luettinger that the following resolution be
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HRA RESOLUTION N0. 275
RESOLUTION APPROVING CONTRACT FOR PRIVATE DEVELOPMENT
WITH PALSCO, INCORPORATED
Motion carried 4-0. This resolution appears as
Resolution No. 275 in Resolution Book No. 3.
ADJOURNMENT
M/Harms, S/Luettinger to ad~~ourn the HRA meeting.
Motion carried 4-0.
The meeting was adjourned ~t 7:3 m. ~
Approved: 1/21/86 ~~
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' homas P. Ferber J G. ar right
City Clerk xecutive Di ectgr
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