Title
Approval of the November 14, 2012 HRA meeting minutes.
Body
ROLL CALL
Present: Commissioners Bostrom, Brendmoen, Carter, Lantry, Stark, Thune, Tolbert
CONSENT
1. Approval of the October 24, 2012 HRA meeting minutes.
Commissioner Bostrom moved approval.
VOTE: Yeas - 7 Nays - 0
2. Resolution Approving the Subordination and Modification of an HRA Loan in the Original Amount of $750,000 and Authorizing the Execution of Documents in Connection with the Gateway Village Project (aka River Crossing Project), District 15, Ward 3
Commissioner Bostrom moved approval. Approved as set forth in resolution RES 12-2077
VOTE: Yeas - 7 Nays - 0
PUBLIC HEARING
3. Resolution Approving the Sale of Land and Conveyance of Parcel 752 Bradley Street under the ISP/NSP Program, Payne-Phalen, District 5, Ward 5.
Ms. Cecile Bedor, Executive Director of the HRA stated that the HRA purchased 752 Bradley Street in May 2006 for $34,155 with NSP funds. This two story, 1,240 sq/ft, 3 BD/2 BA home was built in 1909. The property is being sold to Richard Bean based on the after-rehab appraisal and in consideration of NSP costs for $134,500, with a deed requiring owner-occupancy. Total gap on this home is $98,659; program income is estimated to be 110,000.
Chair Thune announced the public hearing. There being no testimony Commissioner Brendmoen moved to close the public hearing and adopt the resolution. Approved as set forth in resolution RES PH 12-329
VOTE: Yeas - 7 Nays - 0
4. Authorization to (1) Acquire East Three feet of the City Owned Holly Tot Lot at 519 Holly Avenue; (2) Release of Deed Restriction for Parkland Use for the Three Feet Acquired; and (3) Convey Said Three Foot Parcel to Eugene W. Courtney and Barbara A. Courtney, Summit University, District 8, Ward 1.
Ms. Bedor stated that the HRA serves as the Agent for the City of Saint Paul to convey properties. On November 7, 2012 the City Council approved this conveyance. The HRA will now accept the c...
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