Title
Approving the August 9, 2017 HRA Board Meeting Minutes
Body
ROLL CALL
Present 4 - Commissioners Stark, Thao, Tolbert and Chair Brendmoen
Absent 3 - Commissioners Bostrom, Noecker and Prince
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 July 26, 2017 HRA Board Meeting Minutes
Adopted as set forth in Min 17-28
Moved by Commissioner Tolbert, Consent Agenda is Adopted
VOTE: Yeas - 4 Nays - 0
FOR DISCUSSION
Commissioner Bostrom Arrived
2. Resolution Approving and Authorizing $100,000.00 in CDBG Business Assistance Funds to ALKA, LLC for the Construction of 719 Payne Avenue, District 5, Ward 7
Mr. Sage-Martinson, HRA Executive Director, stated this project is a grocery store & deli to be built on Payne Avenue with total project costs at nearly $1.2 million. The project has previously received a STAR loan and grant award and this request is an additional $100,000 loan structured the same as the STAR loan, which is a 25 year loan with a 2% interest rate. If this resolution is approved today we will have $725,613 of CDBG funds remaining uncommitted, including the City’s 2017 allocation.
Commissioner Stark thanked Mr. Sage-Martinson for continuing to share the CDBG fund balances. Commissioner Thao asked if all of the due diligence environmental clean-up was taken care of. Mr. Sage-Martinson stated that part of the budget includes funding from DEED and Ramsey County for environmental clean-up.
Rich Thomasgard, African Development Center Project Manager, and Khadra Haji, Ikram Ali, Abdirizak Ali and Elias Ali, Karibu Deli & Grocery owners, shared project background, future plans and expressed their appreciation and thanked the Commissioners & PED for their support.
Moved by Commissioner Bostrom, Resolution Approved as s...
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