Title
Approving the September 12, 2018 HRA Board meeting minutes
Body
SWEARING IN OF COMMISSIONER MITRA JALALI NELSON
ROLL CALL
Present 6 - Commissioners Bostrom, Brendmoen, Jalali Nelson, Noecker, Prince and Chair Tolbert
Absent 1 - Commissioner Thao
CONSENT AGENDA
1. Approving the August 22, 2018 HRA Board meeting minutes
Adopted as set forth in MIN 18-29
Moved by Commissioner Brendmoen, Consent Agenda is Adopted
VOTE: Yeas - 6 Nays - 0
FOR DISCUSSION
2. Resolution authorizing the issuance and sale of conduit revenue bonds, under Minnesota Statutes, Sections 469.152 through 469.1655, for the Regions Hospital Project located at 640 Jackson Street, and approving related documents; District 17, Ward 2
Dr. Bruce Corrie, HRA Executive Director, stated that this request is to provide final approval for the issuance of up to $50 million in conduit revenue bonds for Regions Hospital to finance the construction of a new birth center on the southern edge of their campus along 12th street. The four-story building will be over 159,000 square feet and include 50 parking stalls with the capacity to expand to 11 stories. Construction is anticipated to start this fall and be completed in June of 2020. On August 22, the HRA held a public hearing and approved a resolution providing preliminary approval. CONDUIT REVENUE BONDS are not a debt of the HRA or the City and the repayment of the bonds will be limited to revenues of Regions Hospital.
Moved by Commissioner Noecker, Resolution Approved as set forth in RES 18-1537
VOTE: Yeas - 6 Nays - 0
PUBLIC HEARING
3. Resolution approving and authorizing the sale and conveyance of 754 Randolph, Saint Paul, MN to 754 Randolph, LLC.; and authorization to enter into a development agreement, District 9, Ward 2
Dr. Bruce Corrie, HRA Executive Director, stated that this public hearing is requesting approval for the HRA to enter into a development agreement with 754 Randolph, LLC to sell the Fire House #10 building located at 75...
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