Title
Approval of the October 27, 2010 meeting minutes.
Body
ROLL CALL
Present: Commissioners Bostrom, Carter, Harris, Helgen, Lantry, Stark, Thune
CONSENT
1. Approval of the October 13, 2010 meeting minutes.
Commissioner Lantry moved approval.
VOTE: Yeas - 7 Nays - 0
2. Final Resolution Authorizing the Issuance of Health Care Revenue Bonds and Authorizing the Execution of Necessary Documents (Gillette Project), District 17.
Commissioner Lantry moved approval. Approved as set forth in Resolution No. RES 10-1105.
VOTE: Yeas - 7 Nays - 0
PUBLIC HEARING
3. Resolution Authorizing Conveyance of Property at 729, 733 and 745 Clark Street to Michael and Sherry Charpentier, Railroad Island, Payne-Phalen District 5
Chair Thune announced the public hearing. There being no testimony, Commissioner Bostrom moved to close the public hearing and approve the resolution. Approved as set forth in Resolution No. RES 10-1097.
VOTE: Yeas - 7 Nays - 0
DISCUSSION
4. Approval to Enter into a Memorandum of Understanding with Twin Cities Community Land Bank LLC to Participate in the National Community Stabilization Trust Reo Acquisition Program, Zip Codes 55103 and 55104.
Ms. Cecile Bedor, Executive Director for the HRA, stated that the National Community Stabilization Trust (NCST) REO Program is a national acquisition program that was piloted and started here in Saint Paul/Minneapolis to allow cities and other responsible purchasers to acquire REO property at a discount price before they are put on the open market, essentially giving cities a first look.
The Twin Cities Community Land Bank (the Land Bank) was formed by the Family Housing Fund in 2009 as a strategic tool for government, nonprofits, neighborhood organizations, and certain for-profit developers to further community based economic development goals. The Land Bank now operates in the seven county metropolitan area, providing market rate loans for acquisition and rehabilitation for both single famil...
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