Title
Approval of the May 22, 2013 AMENDED HRA Meeting Minutes
Body
ROLL CALL
Present: Commissioners Bostrom, Carter, Lantry, Stark, Thune, Tolbert
Absent: * Brendmoen
CONSENT
1. Approval of the May 8, 2013 HRA meeting minutes.
Commissioner Carter moved approval.
VOTE: Yeas - 6 Nays - 0
2. Approval of the May 15, 2013 HRA Continuation meeting minutes.
Commissioner Carter moved approval.
VOTE: Yeas - 6 Nays - 0
3. Resolution Authorizing the Issuance of Lease Revenue Refunding Bonds for Higher Ground Academy Project under Minnesota Statutes, Sections 469.152 through 469.1651 and Approving Related Documents.
Ms. Cecile Bedor, Executive Director for the HRA, stated that Mr. Bill Wilson, Founder and Executive Director of Higher Ground Academy, as well as a former member of the Saint Paul City Council, was present at the meeting.
Commissioner Carter moved approval. Approved as set forth in resolution RES 13-754
VOTE: Yeas - 6 Nays - 0
PUBLIC HEARING
4. Resolution Approving the Sale of Land and Conveyance of Parcel 22 Douglas Street under the ISP Program, West Seventh, District 9
Ms. Bedor stated that the HRA purchased 22 Douglas Street for $1.00 in July 2007 with Invest Saint Paul dollars. The property is a two-story, 1,330 square foot home with two-bedrooms and two-bathrooms; it was built in 1880, and had been converted to a duplex.
Ms. Bedor explained that the rehabilitation was completed for $145,588, which included converting the duplex back into a single family home. Staff is proposing to sell this property to Mr. Juan J. Fuentes and Ms. Brittney M. Schuller for $165,000; gap assistance was negligible, and program income is estimated at $152,500. As previously committed by the HRA Board, all sales proceeds from ISP-funded homes in the Smith Street Development Area, up to $2 million, will go back to ISP under Smith Street to be used to address additional properties.
Chair Thune announced the public hearing. There being no testimo...
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