HomeMy WebLinkAboutCity Council - 07/18/2006 - HRA APPROVED MINUTES
EDEN PRAIRIE HOUSING AND REDEVELOPMENT AUTHORITY
TUESDAY,JULY 18, 2006 7:00 P.M., CITY CENTER
Council Chamber
8080 Mitchell Road
HOUSING AND REDEVELOPMENT AUTHORITY MEMBERS: Chair Nancy Tyra-
Lukens, Commissioners Brad Aho, Sherry Butcher, Ron Case and Philip Young
CITY STAFF: City Manager Scott Neal, Parks & Recreation Director Bob Lambert, Public
Works Director Eugene Dietz, City Planner Michael Franzen, Community Development Director
Janet Jeremiah, City Attorney Ric Rosow and Council Recorder Carol Pelzel
I. ROLL CALL/CALL THE HRA MEETING TO ORDER
Chair Tyra-Lukens called the meeting to order at 7:03 p.m. Commission member Young
was absent.
II. APPROVE MINUTES OF HRA MEETING HELD ON DECEMBER 13, 2005
MOTION by Aho, seconded by Butcher, to approve the minutes of the HRA meeting
held on December 13, 2005. Motion carried, 4-0.
III. ADOPT RESOLUTION NO. 2006-01 APPROVING THE AMENDED TAX
INCREMENT FINANCING PLAN AND AN AMENDED PROJECT
MANAGEMENT AGREEMENT
Neal explained that the HRA is being asked to approve a Resolution amending the Tax
Increment Financing Plan and Project Management Agreement for District No. 10 to
increase the total amount of tax increment expenditures from TIF District No. 10. These
increased tax increment expenditures will provide for the payment of previously-incurred
public improvement costs of the developer of the Prairie Village Development. In return,
the developer will agree to continue to offer the reduced rents that are currently in place
at Prairie Village pursuant to an interest rate reduction program, notwithstanding the
termination of such program this year.
MOTION by Case, seconded by Butcher, to adopt Resolution No. 2006-01 approving
the amended Tax Increment Financing Plan and amended Project Agreement. Motion
carried, 4-0.
IV. ADJOURNMENT
MOTION by Case, seconded by Butcher, to adjourn the meeting. Motion carried, 4-0.
The meeting adjourned at 7:05 p.m.