Title
Approval of the May 23, 2012 HRA meeting minutes.
Body
ROLL CALL
Present: Commissioners Bostrom, Brendmoen, Carter, Lantry, Stark, Thune, Tolbert
CONSENT
1. Approval of the May 9, 2012 HRA meeting minutes.
Commissioner Lantry moved approval.
VOTE: Yeas - 7 Nays - 0
PUBLIC HEARING
2. Resolution Giving Preliminary Approval to the Proposed Issuance of Revenue Bonds for the Hmong College Prep Academy Project under Minnesota Statutes, Sections 469.152 through 469.1651, Ward 4, District 10
Ms. Cecile Bedor, Executive Director for the HRA, stated that this Charter School is sponsored by Concordia College. In 2006, the City issued $9 million in conduit lease revenue bonds for their relocation from Minneapolis to Saint Paul. The school has had tremendous growth, and is seeking an additional $18.5 in conduit lease revenue bonds to finance renovation and expansion of the school. The expansion will increase student capacity from current enrollment of 676 students to 1,300.
Ms. Bedor recognized Dr. Christianna Hang, Superintendent, and Pao Yang, Chief Operating Officer from Hmong College Prep Academy, as well as Mr. Bruce Sorenson, from Piper Jaffray, and Ms. Rhonda Skoby, Bond Councel from Kennedy and Graven and stated they were present at the meeting.
Chair Thune announced the public hearing. There being no testimony, Commissioner Bostrom moved to close the public hearing and adopt the resolution. Approved as set forth in resolution RES PH 12-151.
VOTE: Yeas - 7 Nays - 0
3. Resolution Approving the Sale of Land and Conveyance of Parcel 620 Farrington Street under the ISP/NSP Program, Thomas-Dale District 7
Ms. Bedor stated that the City purchased this property with NSP funds in November 2009 for $69,900, representing a discount of more than 2%. The property is a two-story, 1300 sq. ft., 3-bedroom, and 1-bath house that was built in 1889, and is being sold for $99,900. There will be a deed restriction requiring owner occupancy.
Sarah Zorn...
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