Title
Approving the September 13, 2017 HRA Board Meeting Minutes
Body
ROLL CALL
Present 6 - Commissioners Bostrom, Noecker, Prince, Stark, Thao and Chair Brendmoen
Absent 1 - Commissioner Tolbert
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 August 23, 2017 HRA Board Meeting Minutes
Adopted as set forth in Min 17-32
Moved by Commissioner Bostrom, Consent Agenda is Adopted
VOTE: Yeas - 6 Nays - 0
FOR DISCUSSION
2. Resolution of the HRA Board of Commissioners Approving 2018 HRA Proposed Budget and Certifying the Proposed HRA Tax Levy Payable in 2018.
Jonathan Sage-Martinson, HRA Executive Director, stated this item is requesting to set the maximum HRA Tax Levy payable in 2018. This needs to be completed by September 30, 2017 to comply with state law. The 2018 maximum HRA Levy under state law could be as high as $4,086,915 which is $540,318 more than the final 2017 certified HRA tax levy. The proposed 2018 HRA tax levy is $3,822,159 which is $275,562 more than the final 2017 HRA certified tax levy.
Moved by Commissioner Stark, Resolution Approved as set forth in RES 17-1443
VOTE: Yeas - 6 Nays - 0
Commissioner Tolbert Arrived
3. Resolution Approving the Issuance and Sale of a Conduit Multifamily Housing Revenue Obligation (Dorothy Day Residences Project), Approving Related Documents, and Adopting a Housing Program, 183 Old 6th Street West, District 17, Ward 2.
Mr. Sage-Martinson stated this item is additional financing for the second phase of the Catholic Charities Dorothy Day project. On May 24, 2017, the HRA approved a $1 million dollar loan to the project. This request is for up to $7 million in conduit tax exempt housing revenue bonds. These conduit bonds do not present an obligation to the HRA or the City.
Move...
Click here for full text