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File #: Min 19-26    Version: 1 Name: May 22, 2019 HRA Board Meeting Minutes
Type: Approval of Minutes Status: Archived
In control: Housing & Redevelopment Authority
Final action: 6/12/2019
Title: Approving the May 22, 2019 HRA Board meeting minutes
Title
Approving the May 22, 2019 HRA Board meeting minutes
Body
ROLL CALL

Present 4 - Commissioners Jalali Nelson, Noecker, Thao and Chair Tolbert

Absent 3 - Commissioners Brendmoen, Busuri and Prince

FOR DISCUSSION

Commissioners Brendmoen, Busuri and Prince Arrived

1. Approving and authorizing $200,000 in HRA Loan Enterprise Funds to Schmidt Keg House Holding, LLC, 928 West 7th Street, District 9, Ward 2

Dr. Bruce Corrie, HRA Executive Director, stated that Keg and Case is a nationally known food hall having been voted as the top new food hall in the nation by USA Today. It is part of an emerging entertainment district on West 7th and is helping to build the brand of the city as a great place to work, play and stay. It holds around 24 businesses many of them independent businesses and has created between 200 and 300 jobs. Construction costs for the $10 million project went $500k over budget largely due to unexpected historic rehab costs and environmental abatement costs. The Developer was able to cover about half of these costs and needs assistance from the HRA for a $200,000 loan to complete the project. The developer, as part of the loan agreement, will partner with the Cultural Destination Areas.

Commissioner Noecker spoke in favor of this project.

Moved by Commissioner Noecker, Resolution Adopted and set forth in RES 19-857
VOTE: Yeas - 7 Nays - 0

2. Resolution approving the guidelines for housing trust fund allocations supporting community land trusts and initial allocation, Citywide

Dr. Bruce Corrie, HRA Executive Director, stated that as part of the affordable housing strategy, we are working to introduce innovative affordable housing models and proposing expanding the role and operation of Community Land Trusts in Saint Paul. This is an effective strategy to keep homeownership affordable to our residents especially in low income areas. Housing Director Kayla Schuchman and her team at PED are rolling out this program by offering guidelines a...

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