HomeMy WebLinkAboutCity Council - 03/02/1993 - HRA MINUTES
HOUSING &REDEVELOPMENT AUTHORITY MEETING
TUESDAY, MARCH 2, 1993 7:30 PM, CITY HALL COUNCIL CHAMBER
7600 Executive Drive
HOUSING & REDEVELOPMENT
AUTHORITY MEMBERS: Chair Douglas B. Tenpas, Richard Anderson, Jean Harris, H.
Martin Jessen, and Patricia Pidcock
HOUSING & REDEVELOPMENT
AUTHORITY STAFF: Executive Director of the Housing & Redevelopment Authority
Chris Enger, City Manager Carl J. Jullie, Assistant to the City
Manager Craig W. Dawson, Finance Director John D. Frane, and
City Attorney Roger Pauly
I. CALL MEETING TO ORDER AND ROLL CALL
Chairman Tenpas called the meeting to order at 7:30 p.m. All members were present.
H. APPROVAL OF HOUSING&REDEVELOPMENT AUTHORITY MINUTES FROM MEETING
HELD TUESDAY, JANUARY 19, 1993
MOTION: Pidcock moved, seconded by Harris, to approve the minutes of the Housing and
Redevelopment Authority from the meeting held Tuesday, January 19, 1993. Motion carried
unanimously.
(Jessen arrived at 7:40 p.m.)
M. RESOLUTION SETTING SALE OF LEASE REVENUE BONDS FOR EDEN PRAMM
COMMONS IN THE AMOUNT OF $1,300,000
As directed by Council, Staff reviewed the current financing opportunities available for municipal
borrowing. Based on these findings, Staff recommended the HRA authorize an additional$1,300,000
in Lease Revenue Bonds for the Eden Prairie Commons acquisition and remodeling, allowing the City
to keep more cash reserves in the General Fund to help minimize the near term property tax impacts
of the still depressed, but recovering, commercial tax base.
MOTION: Pidcock moved, seconded by Anderson, to adopt Resolution #93-2, Setting Sale of Lease
Revenue Bonds for the Eden Prairie Commons in the amount of$1,415,000. Motion carried on a 4-0-
1 vote with Jessen voting against.
IV. OTHER BUSINESS
V. ADJOURNMENT
is MOTION TO ADJOURN: Pidcock moved, seconded by Jessen, to adjourn the meeting. Chairman
Tenpas adjourned the meeting at 7:45 p.m.