Title
Approval of November 12, 2015 HRA minutes
Body
ROLL CALL
Present: Commissioners Bostrom, Finney, Stark, Thao, Thune, Tolbert, Chair Brendmoen
CONSENT AGENDA
Note: Items listed under the Consent Agenda will be enacted by one motion with no separate discussion. If discussion on an item is desired, the item will be removed from the Consent Agenda for separate consideration.
1. Approving the minutes of the October 28, 2015 HRA meeting. Approved as set forth in Min 15-57
2. Resolution Providing for the Optional Redemption of Certain Sales Tax Revenue Bonds (Civic Center Project), Series 1993 Previously Issued by the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota and Approving the Execution and Delivery of Any Necessary Documents, District 17, Ward 2. Approved as set forth in RES 15-1964
3. 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). Approved as set forth in RES 15-1962
Commissioner Bostrom moved approval.
VOTE: Yeas - 7 Nays - 0
FOR DISCUSSION
4. Resolution approving the adoption of an Amendment to the Tax Increment Financing Plan for the Saint Paul Neighborhood Scattered Site Tax Increment Financing District No. 100 and No. 148, Districts 2, 5, 6-9, 13 and 15, Wards 1, 2, 3, 5, and 6.
Mr. Jonathan Sage-Martinson stated this TIF plan amendment is related to the City’s sale of the Lofts at Farmers Market. In 2010, the HRA invested TIF dollars into the Lofts. Now that the HRA approved of the sale of the Lofts, some of those proceeds from the sale will be returned to the TIF district and we are amending the budget to recognize the revenue coming in from the sale and expenditures in equal amounts.
Commissioner Stark asked if the proceeds are identified as affordable housing eligible funds. Mr. Sage Martinson stated these funds can be used as redevelopment activities along ...
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