Title
Approving the March 9, 2016 HRA meeting minutes
Body
Commissioner Voting
The reader calls the names of all Commissioners. A vote in favor is cast by remaining silent, and a vote against is cast by saying no or nay. When the voting is complete, the reader will state whether the motion passed or failed.
ROLL CALL
Present 6 - Commissioners Bostrom, Prince, Stark, Thao, Tolbert and Chair Brendmoen
Excused 1 - Commissioner Noecker
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.
Approval of the Consent Agenda
1. Approving the February 24, 2016 HRA meeting minutes
Adopted as set forth in Min 16-11
2. Approving the March 2, 2016 HRA minutes
Adopted as set forth in Min 16-12
Moved by Commissioner Stark, Consent Agenda is Adopted.
VOTE: Yeas - 6 Nays - 0
FOR DISCUSSION
3. Resolution Approving Transfer of Ownership, and Execution of Assignment and Assumption of Existing HRA Financing Including Extension of Maturity Dates and Re-Subordination for Superior Street Cottages, District 9, Ward 2
Mr. Jonathan Sage-Martinson, HRA Executive Director, stated this request is for the Approval of Transfer of Ownership, Re-issuing of a TIF note, Execution, Assignment, and Assumption of HRA Financing and Re-Subordination of that financing from Lyngblomsten to Shawn Devine.
Moved by Commissioner Thao, Resolution Approved as set forth in RES 16-440
VOTE: Yeas - 6 Nays - 0
PUBLIC HEARING
4. Resolution Authorizing and Approving 1) The Sale of HRA Parcels to Design Lab Properties, LLC for the Purchase Price of $10,400; 2) Approval of a Development Agreement with Design Lab Properties, LLC; and 3) Authorizing the Executive Director to Finalize the Land Sale Documents for Execution by the Appropriate HRA Officers in Connection with the 1192 East 7th Street Project, District 4, Ward 6
Mr. Jonathan Sage-Martinson, HRA Executive Director, stated this parcel was purchased by the HRA in 2008 and Design Lab Properties, LLC would like to purchase to expand their business on East 7th Street.
Chuck Hanna, Design Lab Properties Owner shared plans on combining Design Lab Properties, LLC and Outdoor Lab Landscape Design, Inc.
Commissioner Bostrom and Chair Brendmoen conveyed their delight in this project.
Moved by Commissioner Bostrom, Resolution-Public Hearing Approved as set forth in RES PH 16-75
VOTE: Yeas - 6 Nays - 0
ADJOURNMENT
Moved by Commissioner Bostrom, HRA meeting is Adjourned.
VOTE: Yeas - 6 Nays - 0