Title
Approving the August 28, 2019 HRA Board meeting minutes
Body
ROLL CALL
Present 6 - Commissioners Brendmoen, Busuri, Jalali Nelson, Noecker, Thao and Chair Tolbert
Absent 1 - Commissioner Prince
CONSENT AGENDA
1. Approving the July 24, 2019 HRA Board meeting minutes
Adopted as set forth in MIN 19-32
Moved by Commissioner Noecker, Consent Agenda Adopted
Vote: Yeas - 6 Nays - 0
FOR DISCUSSION
Commissioner Prince Arrived
2. Resolution appointing Kristin Guild Interim Executive Director of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota.
Moved by Commissioner Prince, Resolution Adopted and set forth in RES 19-1430
VOTE: Yeas - 7 Nays - 0
3. Resolution amending the Redevelopment Plan for the Riverfront Redevelopment Project Area; approving the adoption of an Amendment to the Tax Increment Financing Plan for the Riverfront Renaissance Redevelopment Tax Increment Financing District; approving record of Restated and Combined Inter Department Loans and execution of related documents; and approving an HRA budget amendment; Districts 3 and 17, Ward 2
Kristin Guild, Interim Executive Director, shared that PED staff has been working with Public Works for a number of years to define a strategy for increasing the sanitary sewer capacity in the West Side Flats area to allow for additional development. An upgrade to a sanitary sewer lift station is necessary to add capacity, at an estimated cost of $2.5 million.
In December of 2017, the HRA Board approved the transfer of just under $2.3 million in TIF funds from the HRA to Public Works for this upgrade, and at the time we believed that the loans would be repaid from assessments on the benefitting properties, but as we dug a little bit deeper we realized that the assessment strategy was going to be really challenging to implement in a fair manner for multiple property owners with development occurring over a number of years.
We now recommend repayment of the loan through establ...
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