Title
Approving the October 26, 2016 HRA Board Meeting Minutes
Body
Commissioner Voting
The reader calls the names of all Commissioners. A vote in favor is cast by remaining silent, and a vote against is cast by saying no or nay. When the voting is complete, the reader will state whether the motion passed or failed.
ROLL CALL
Present 6 - Commissioners Bostrom, Noecker, Prince, Stark, Thao, Tolbert and Chair Brendmoen
Absent 1 - Commissioner Tolbert
CONSENT AGENDA
Note: Items listed under the Consent Agenda will be enacted by one motion with no separate discussion. If discussion on an item is desired, the item will be removed from the Consent Agenda for separate consideration.
Approval of the Consent Agenda
1. Approving the October 12, 2016 HRA Board Meeting Minutes
Adopted as set forth in Min 16-41
Moved by Commissioner Bostrom, Consent Agenda is Adopted
VOTE: Yeas - 6 Nays - 0
PUBLIC HEARINGS
Commissioner Tolbert Arrived
2. Resolution Authorizing Execution of Amendment to Conduit Note and Related Documents (Nativity School Project), 1900 Stanford Avenue, District 14, Ward 3.
Mr. Sage-Martinson, HRA Executive Director, stated this item is in relation to bonds that the HRA issued in May 2007 for Nativity School to finance expansion and renovation of their facility. They amended those bonds, changed the interest rate in June 2012 that included the need to set a new interest rate in the coming year and extend the term. This does not constitute an indebtedness to the City or HRA.
Moved by Commissioner Tolbert, Resolution Approved as set forth in RES PH 16-403
VOTE: Yeas - 7 Nays - 0
3. Authorization to Convey 157 Front Avenue to Adjacent Property Owner Diane J. Schultz, North End District 6, Ward 5
Mr. Sage-Martinson, HRA Executive Director, stated this request is to convey the HRA owned parcel at 157 Front Ave to Diane Schultz, 163 Front Ave, for the purpose of combining the two parcels.
Moved by Commissioner Thao, Resolution Approved as set forth in RES PH 16-401
VOTE: Yeas - 7 Nays - 0
FOR RECONSIDERATION
Resolution Approving the Decertification of the Penfield Redevelopment Tax Increment Financing District and the Termination of the Development Agreement with Penfield Apartments LLC, District 17, Ward 2
Mr. Sage-Martinson, HRA Executive Director, stated this request is to reconsider RES 16-1776, that passed at the October 12 HRA meeting. The HRA needs additional time before the formal decertification of the Penfield TIF district.
Moved by Chair Brendmoen, RES 16-1776 to be Reconsidered
VOTE: Yeas - 7 Nays - 0
Mr. Sage-Martinson stated the HRA needs additional time to confirm the distribution of the proceeds before decertification of the TIF district.
Moved by Commissioner Stark, Resolution 16-1776 Failed
VOTE: Yeas - 0 Nays - 7
STAFF REPORTS
4. City of Saint Paul Annual Informational Report on Tax Increment Districts
Jenny Wolfe, PED Debt Manager, gave a presentation on the City of Saint Paul Annual Informational Report on Tax Increment Districts.
Received and Filed as SR 16-101
5. Palace Theatre Project Update
Jonathan Sage-Martinson, HRA Executive Director, gave a presentation on the Palace Theatre Project.
Received and Filed as SR 16-99
ADJOURNMENT
Moved by Commissioner Thao, HRA meeting is adjourned.
VOTE: Yeas - 7 Nays - 0