Title
Approval of the November 28, 2012 HRA meeting minutes.
Body
ROLL CALL
Present: Commissioners Bostrom, Carter, Lantry, Stark, Tolbert
Excused: Commissioners Brendmoen, Thune
CONSENT
1. Approval of the November 14, 2012 HRA meeting minutes.
Commissioner Lantry moved approval.
VOTE: Yeas - 5 Nays - 0
2. Resolution Approving and Authorizing the Execution of a Third Amendment to Development Agreement with Brighton Victoria Park, LLC and Compliance Agreement with Victoria Park Communities, LLC, District 9, Ward 2.
Commissioner Lantry moved approval. Approved as set forth in resolution RES 12-2139
VOTE: Yeas - 5 Nays - 0
3. Reservation of an additional $22,651 of Year 2013 Low Income Housing Tax Credits for Rolling Hills Apartments, Citywide.
Commissioner Lantry moved approval. Approved as set forth in resolution RES 12-2133
VOTE: Yeas - 5 Nays - 0
PUBLIC HEARING
4. Resolution Approving the Sale of Land and Conveyance of Parcel 425 Jessamine Avenue E. under the ISP/NSP Program, Payne-Phalen District 5, Ward 5
Ms. Cecile Bedor, Executive Director for the HRA, stated that the HRA purchased 425 Jessamine Avenue in February 2011 with NSP funds for $106,920. This foreclosed two story, 1,745 square foot home with 5-bedrooms and 2-bathrooms was built in 2001. The property is being sold to Andrew and Samantha Summy based on the after-rehab appraisal and in consideration of NSP costs for $137,000 with an owner-occupancy deed restriction. Total gap assistance is $92,400; program income estimated at $112,500.
Chair Bostrom announced the public hearing. There being no testimony Commissioner Carter moved to close the public hearing and adopt the resolution. Approved as set forth in resolution RES PH 12-350
VOTE: Yeas - 5 Nays - 0
5. Resolution Approving the Sale of Land and Conveyance of Parcel 309 Thomas Avenue under the ISP/NSP Program, Thomas-Dale District 7, Ward 1
Ms. Bedor stated that the HRA purchased 309 Thomas Avenue in December...
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