Title
Approval of the October 10, 2010 HRA meeting minutes.
Body
ROLL CALL
Present: Commissioners Bostrom, Brendmoen, Lantry, Stark, Thune, Tolbert
Excused: Commissioner Carter
CONSENT
1. Approval of the September 26, 2012 HRA meeting minutes.
Commissioner Lantry moved approval.
VOTE: Yeas - 6 Nays - 0
2. Resolution Authorizing Designation of a Tentative Developer Status for Covenant Capital LLC for the Property at 699 East 7th Street, Ward 7, District 4
Commissioner Lantry moved approval. Approved as set forth in resolution RES 12-1907.
VOTE: Yeas - 6 Nays - 0
PUBLIC HEARING
3. Resolution Approving (i) The Establishment of the West Side Flats Tax Increment Financing District and the Adoption of a Tax Increment Financing Plan; (ii) A Development Agreement and TBRA, LCDA and DEED Subgrants with West Side Flats Apartments LLC; (iii) Acceptance of Land from the City of Saint Paul and Conveyance of Land to West Side Flats Urban Development LLC; (iv) Agreement with West Side Flats Urban Development LLC Regarding Land Note and Loan Agreement; (v) $198,906 HRA Loan to West Side Flats Urban Development LLC; (vi) Phase II Development Agreement with WSF Phase III LLC; (viii) Related Budget Amendment; and (ix) Parcel 4 Agreement with Sherman Associates, Ward 2, District 3
Chair Thune asked if anyone would like to speak in opposition of the project. Hearing none, Commissioner Stark moved to lay this item over until the October 24, 2012 HRA meeting.
VOTE: Yeas - 6 Nays - 0
4. Resolution Approving the Sale of Land and Conveyance of Parcel 976 Minnehaha Avenue East under the ISP/NSP Program, Dayton’s Bluff, Ward 7, District 4
Ms. Cecile Bedor, Executive Director for the HRA, stated that staff was seeking approval to sell this property to Domingo Avalos Manriquez. The vacant, foreclosed, 4-bedroom, 2-bathroom home was purchased on December 22, 2010 after the six month redemption period with NSP funds for $98,500, a 6% discount off the appraised value...
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