Title
Approval of the May 15, 2013 HRA continuation meeting minutes.
Body
RECONVENE
ROLL CALL
Present: Commissioners Bostrom, Brendmoen, Carter, Lantry, Stark, Thune, Tolbert
DISCUSSION
1. Resolution Approving and Authorizing Subordination of Three HRA Loans for Refinancing of the Sibley Park Apartment Project, Amendment of $750,000 HOME Loan Note, and Sale of $750,000 HOME Loan Note and of $250,000 HRA Loan Note to Sherman Associates LLC. This item was laid over from the May 8, 2013 HRA meeting.
Ms. Cecile Bedor, Executive Director for the HRA stated that the six bullet points on pages 2 and 3 of the Board Report explain the proposed action for this item. PED staff was available to explain each of the points.
Ms. Bedor explained that nothing had changed since the May 8, 2013 HRA meeting, and that the reason for delay in approval had been resolved without amendment.
Commissioner Lantry moved approval. Approved as set forth in resolution RES 13-713
VOTE: Yeas - 7 Nays - 0
ADJOURNMENT
Commissioner Tolbert moved adjournment. The HRA meeting was adjourned.