Title
Approving the October 23, 2019 HRA Board meeting minutes
Body
ROLL CALL
Present 6 - Commissioners Brendmoen, Jalali Nelson, Noecker, Prince, Thao and Chair Tolbert
Absent 1 - Commissioner Busuri
CONSENT AGENDA
1. Approving the August 28, 2019 HRA Board meeting minutes
Adopted as set forth in MIN 19-41
2. Approving the September 25, 2019 HRA Board meeting minutes
Adopted as set forth in MIN 19-42
3. Approving the October 9, 2019 HRA Board meeting minutes
Adopted as set forth in MIN 19-43
Moved by Commissioner Noecker, Consent Agenda is Adopted
Vote: Yeas - 6 Nays - 0
FOR DISCUSSION
4. Resolution authorizing acceptance of a home ownership education, counseling, and training fund grant from the Minnesota Housing Finance Agency for the Mortgage Foreclosure Prevention Program, Citywide
Kristin Guild, Interim Executive Director, stated that this item is a request to authorize acceptance a grant of $18,200 from the Minnesota Housing Finance Agency. This grant will help cover PED mortgage foreclosure counseling staff costs for the contract period October 1, 2019 through September 30, 2021.
Moved by Commissioner Thao, Resolution Adopted and set forth in RES 19-1844
VOTE: Yeas - 6 Nays - 0
5. Resolution approving and authorizing the execution of a Second Amended and Restated Compliance Agreement, certain TIF Note Assignments, and related documents for the North Quadrant TIF District, District 17, Ward 2
Ms. Guild stated that in early 2000s the North Quadrant Tax Increment Financing District provided TIF financing to several housing development projects in downtown Saint Paul. In early 2019, two of those projects were put up for sale by Sherman Associates. Orbach Affordable Housing Solutions plans to acquire the Developer’s interests in two of these projects, Sibley Park and Sibley Court.
The City Council approved a restated master subordination agreement connected with this transaction in August. There are housing affordability requirements of the I...
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