01-21-1992CITY OF RICHFIELD, MINNESOTA
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
JANUARY 21, 1992
HRA MEMBERS PRESENT: Joan Helmberger; Ivan Ludeman; Vern
Luettinger
HRA MEMBERS ABSENT: Thomas Harms and Lawrence Wozniczka
STAFF PRESENT: Jim Prosser, Executive Director;
Steven Devich, Administrative Services
Director/Acting City Clerk; Bruce
Palmborg, Housing & Redevelopment
Coordinator
The meeting was called to order by Vice-Chair Luettinger at
7:05 p.m.
APPROVAL OF MINUTES
M/Ludeman, S/Helmberger to approve the minutes of the
Regular HRA Meetin..g of November 18, 1991.
Motion carried 3-0.
Item #1 OPPORTUNITY FOR CITIZENS TO ADDRESS THE HRA
No one wished to address the HRA.
Item #2 CONSIDERATION OF ELECTION OF OFFICERS FOR THE HOUSING
AND REDEVELOPMENT AUTHORITY FOR 1992. HRA LETTER N0. 1
M/Helmberger, S/Luettinger to delay election of officers
until all Commissioners are_.present.
Motion carried 3-0.
HRA Minutes -2- January 21, 1992
Item #3 CONSIDERATION OF DESIGNATION OF ACTING EXECUTIVE
DIRECTOR FOR 1992. HRA LETTER NO. 2
M/Ludeman, S/Helmberger to designate Steven Devich, Director
of Administrative Services, as the Acting Executive Director of
the HRA.
Motion carried 3-O.
ITEM #4 CONSIDERATION OF DESIGNATION OF OFFICIAL NEWSPAPER FOR
1992. HRA LETTER N0. 3
M/Ludeman, S/Helmberger to designate the Richfield Sun-
Current as the official newspaper of the Richfield HRA for 1992.
Motion carried 3-0.
ITEM #5• CONSIDERATION OF RESOLUTIONS DESIGNATING OFFICIAL
DEPOSITORIES FOR THE HRA OF RICHFIELD FOR 1992,
INCLUDING APPROVAL OF COLLATERAL. HRA LETTER NO. 4
Executive Director Prosser reviewed HRA Letter No. 4
regarding consideration of resolutions designating official
depositories for the HRA of Richfield for 1992, including
approval of collateral.
There was general discussion regarding the financial
institutions used, the collateral and the amounts typically
invested in each.
M/Ludeman, S/Helmberger that the following resolutions be
adopted; that they be spread in the resolution book and that thex
be made part of these minutes:
HRA RESOLUTION N0. 438
RESOLUTION DESIGNATING THE FIRSTAR BANK A DEPOSITORY
OF FUNDS OF THE HOUSING AND REDEVELOPMENT AUTHORITY FOR
RICHFIELD FOR THE YEAR 1992 AND APPROVING COLLATERAL
HRA RESOLUTION NO. 439
RESOLUTION DESIGNATING CERTAIN FINANCIAL INSTITUTIONS
AS DEPOSITORIES FOR THE INVESTMENT OF HOUSING AND
REDEVELOPMENT AUTHORITY OF RICHFIELD FUNDS IN 1992
HRA Minutes -3- January 21, 1992
HRA RESOLUTION NO. 440
RESOLUTION DESIGNATING CERTAIN SAVINGS AND
LOAN ASSOCIATIONS AND BANKS AS DEPOSITORIES
FOR THE INVESTMENT OF HOUSING AND REDEVELOPMENT
AUTHORITY FUNDS IN 1992
Motion carried 3-0. These resolutions appear as Resolutions
No. 438, 439 and 440 in HRA Resolution Book No. 4.
ITEM #6 CONSIDERATION OF RESOLUTION AUTHORIZING SUBMISSION OF AN
APPLICATION FOR THE MINNESOTA HOUSING FINANCE AGENCY
BLIGHTED RESIDENTIAL PROPERTY ACQUISITION AND
REHABILITATION PROGRAM. HRA LETTER NO. 5
Executive Director Prosser reviewed HRA Letter No. 5
regarding consideration of resolution authorizing submission of
an application for the Minnesota Housing Finance Agency Blighted
Residential Property Acquisition and Rehabilitation Program.
Commissioner Luettinger asked how the 34 properties were
selected.
Housing and Redevelopment Coordinator Palmborg explained the
staff's strategy.
M/Ludeman, S/Helmberger that the following resolution be
adopted; that it be spread in the resolution book and that it be
made part of these minutes:
HRA RESOLUTION N0. 441
RESOLUTION TO AUTHORIZE THE SUBMISSION OF AN APPLICATION
FOR THE MHFA BLIGHTED RESIDENTIAL PROPERTY
ACQUISITION AND REHABILITATION PROGRAM
Motion carried 3-0. This resolution appears as Resolution
No. 441 in HRA Resolution Book No. 4.
ITEM #7 EXECUTIVE DIRECTOR REPORT
Executive Director Prosser reported the following:
Hub West: Construction of the new Rainbow Foods is progressing
very well. Opening is targeted for March of 1992.
HRA Minutes -4- January 21, 1992
77th Street: Now we are likely to get $20 million from the
Federal government instead of $9 million. Richfield's
contribution to the project will be approximately $2-3 million.
ILN: We are continuing to work on acquiring the Cloverleaf site
and are studying the Hallmark Cleaners property recently
destroyed by fire as a potential acquisition.
NFT RA: The MAC is expected to return their response to the
City's draft within the next few days.
Remodeling Fair: Mr. Palmborg reviewed the upcoming remodeling
fair scheduled for February 1. At the present, 55 exhibitors are
participating.
Section 8: Dawn Sweiven has resigned and an internal replacement
is anticipated.
LHN: Initial contacts were made regarding improvements to the
road in the GAD area.
ITEM #7 CLAIMS AND PAYROLLS
M/Ludeman, S/Helmberger that the following claims and
payrolls be approved:
FIRSTAR BANK
Checks: 3218-3339; 9969-9980; 10875-10907 $320,997.22
1049 Section 8 $110,000.00
Motion carried 3-0.
Adjournment
The meeting was adjourned by unanimous c nsent at :00 p.m.
~' --
Date Approved : 2/ 18/ 92 G~~%G~
Vern Luettinger Vice-Chair
r ..-
Stew n L. Devich Jame D. Prosser
Acting City Clerk Ex utive Director