Title
Approving the minutes of the June 10, 2015 HRA meeting.
Body
ROLL CALL
Present: Commissioners Bostrom, Finney, Stark, Thao, Thune, Tolbert
Absent: Chair Brendmoen
CONSENT AGENDA
1. Approving the minutes of the May 27, 2015 HRA meeting.
Commissioner Thune moved approval. Approved as set forth in Min 15-35.
VOTE: Yeas - 6 Nays - 0
FOR DISCUSSION
2. Resolution Approving and Authorizing a Loan of $750,000.00 in CDBG Funds to Skyline Tower of St. Paul LP for Rehabilitation of Skyline Tower, Summit-University, District 13, Ward 1.
Mr. Sage-Martinson stated this is a proposed 30yr deferred loan to Skyline Tower, which has over 500 units, for the rehabilitation of the building including replacing windows, plumbing, and other infrastructure.
Commissioner Finney asked how old Skyline Tower is and when the last time the building was rehabilitated. Mr. Sage-Martinson stated that it was built in 1971; Common Bond purchased the building in 1999 and made improvements after the purchase.
Commissioner Thao thanked Common Bond for their partnership and stated his appreciation for all the hard work on the facility.
Chair Bostrom announced the public hearing. Commissioner Thao moved approval. Approved as set forth in RES PH 15-1042.
VOTE: Yeas - 6 Nays - 0
ADJOURNMENT
Commissioner Finney moved adjournment. The HRA meeting was adjourned.