Title
Approving the June 28, 2017 HRA Board Meeting Minutes
Body
ROLL CALL
Present 7 - Commissioners Bostrom, Noecker, Prince, Stark, Thao, Tolbert and 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.
Approval of the Consent Agenda
1. Approving the June 14, 2017 HRA Board Meeting Minutes
Adopted as set forth in Min 17-23
2. Resolution Authorizing the Issuance of Conduit Lease Revenue Bonds for the Great River School Project, 1326 and 1336 Energy Park Drive, under Minnesota Statutes, Sections 469.152 through 469.1655 and Approving Related Documents, District 10, Ward 4.
Adopted as set forth in RES 17-986
Moved by Commissioner Tolbert, Consent Agenda is Adopted
VOTE: Yeas - 7 Nays - 0
FOR DISCUSSION
3. Resolution Authorizing the Issuance of Conduit Multifamily Housing Revenue Bonds (Union Flats Apartments Project); Approving Related Documents; Waiving the Policy on Developer’s Fees; and Adopting a Housing Program, 787 Hampden Avenue, District 12, Ward 4
Kristin Guild, Acting HRA Executive Director, stated this item is a request for final approval to issue up to $32 million in conduit tax exempt housing revenue bonds and up to $2.5 million in taxable housing revenue bonds for the development of Union Flats at 787 Hampden Avenue. The developer, Dominion, proposes to construct a new affordable rental building with 217 units of housing. All of these units will be restricted to households earning 60% or less of area median income and 46 of these units, or 21% of the total, will be three bedrooms with the remainder being two and one bedroom units.
These tax exempt housing revenue bonds will provide access to 4% low income...
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