Title
Approval of the January 25, 2012 HRA meeting minutes.
Body
ROLL CALL
Present: Commissioners Bostrom, Brendmoen, Carter, Lantry, Stark, Tolbert, Thune
CONSENT
1. Approval of the December 21, 2011 HRA meeting minutes
Commissioner Carter moved approval.
VOTE: Yeas - 7 Nays - 0
2. Approval of the December 22, 2011 HRA meeting minutes
Commissioner Carter moved approval.
VOTE: Yeas - 7 Nays - 0
3. Approval of the January 11, 2012 HRA meeting minutes
Commissioner Carter moved approval.
VOTE: Yeas - 7 Nays - 0
4. Authorization to Approve Additional Financing Assistance to Kendall Land Company, LLC for the Development of Parcel 840 Payne Avenue, Payne-Phalen District 5
Commissioner Carter moved approval. Approved as set forth in resolution RES 12-187
VOTE: Yeas - 7 Nays - 0
5. Resolution Authorizing Designation of a Tentative Developer Status for Winter Song LLC for the Property at 656 Wells Street and 660 Wells Street, District 5
Commissioner Carter moved approval. Approved as set forth in resolution RES 12-158
VOTE: Yeas - 7 Nays - 0
Commissioner Bostrom recognized individuals in the audience for their work on both Kendalls and Winter Song. He also thanks PED staff for their work, the HRA Board members for their support, and everyone that has been recently investing in this area.
DISCUSSION
6. Authorization to Accept Grant and Adopt Budget Amendment for $100,000.00 from Wells Fargo for Homeownership Down Payment Assistance and/or Rehabilitation Gap Financing Assistance on Vacant or Foreclosed Houses in ISP/NSP Areas, Citywide
Ms. Cecile Bedor, Executive Director for the HRA, announced that David Quigg, President of the Saint Paul Wells Fargo, David Weiss, Community Development Officer, and Ellen McGuiness, Government Relations were all present at the meeting. She noted that Wells Fargo has been a great partner to the City, donating $75,000 in 2009, and another $100,000 today. Ms. Bedor also stated that we have a great working relationship with Wells Fargo in addressing mortgage foreclosure - be it via the purchase of homes from Wells Fargo, or piloting a new program whereby PED counselors work directly with Wells Fargo bankers on loan modifications. The grant funds and working relationship between the City and Wells Fargo have made a significant difference for many Saint Paul homeowners.
Mr. Weiss thanked the Board members for the partnership that has been established between the City and Wells Fargo, noting that it is very important to Wells Fargo that this work continues for a long time.
Mr. Quigg stated that as the President of the Saint Paul bank, as well as a resident of Saint Paul, it is an honor to have a partnership like this.
The $100,000 check was presented to the HRA Board.
Commissioner Brendmoen moved approval. Approved as set forth in resolution RES 12-190.
VOTE: Yeas - 7 Nays - 0
ADJOURNMENT
Commissioner Bostrom moved adjournment. The HRA meeting was adjourned.