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HomeMy WebLinkAboutCity Council - 03/03/1992 - HRA MINUTES EDEN PRAIRIE HOUSING AND REDEVELOPMENT AUTHORITY TUESDAY, MARCH 3, 1992 5:00 PM, COUNCIL CHAMBER HOUSING AND REDEVELOPMENT AUTHORITY MEMBERS: Chair Douglas Tenpas, Richard Anderson, Jean Harris, H. Martin Jessen, and Patricia Pidcock HOUSING & REDEVELOPMENT AUTHORITY STAFF: City Manager Carl J. Jullie, Assistant to the City Manager Craig W. Dawson, Executive Director of the Housing & Redevelopment Authority Chris Enger, Finance Director John D. Frane, and City Attorney Roger Pauly I. ROLL CALL All members were present except Jean Harris. II. CALL TO ORDER Chair Tenpas called the meeting to order at 5:02 p.m: III. APPROVAL OF HOUSING AND REDEVELOPMENT AUTHORITY MINUTES FROM MEETING HELD TUESDAY, DECEMBER 17, 1991 Jessen moved and Pidcock seconded to approve the minutes of this meeting as submitted. Motion passed 3-0-1 (Tenpas abstaining due to absence) . IV. APPROVAL OF BY-LAWS FOR SPECIAL MEETINGS OF THE HRA (HRA Resolution 92-1) Attorney Pauly reviewed the proposed resolution. He suggested that Section 1, Subd. 1, be amended to allow the Chair or Executive Director to call a special meeting in addition to the authorization for two members to call a special meeting. Pidcock moved and Anderson seconded that HRA Resolution 92-1 be adopted with the amendment suggested by the Attorney. Motion passed 4-0. V. APPROVAL OF PURCHASE AGREEMENT FOR CPT BUILDING City Manager Jullie introduced the discussion of the purchase agreement between the HRA and Norwest Bank Minnesota, N.A. , for the purchase of property at 8100 Mitchell Road, commonly known as the CPT Building, in Eden Prairie. Kirt Woodhouse and Stu Stender of the Sterling Group, acting as consultants to the HRA, were present to answer questions. Jullie noted that Norwest Bank had signed the agreement. Attorney Pauly briefly reviewed a memorandum he had prepared in which he highlighted the general conditions and representations made by Norwest Bank in the proposed agreement. Pauly noted that the HRA should obtain a title opinion on the property prior to closing. The chair and members of the HRA thanked Messrs. Stender and Woodhouse for the work they had done on behalf of Eden Prairie. MOTION Pidcock moved and Jessen seconded to approve the purchase agreement and to authorize the Chair and the Secretary of the Eden Prairie HRA to execute it. Motion passed, 4-0. VI. OTHER BUSINESS None. VII. ADJOURNMENT At 5:08 pm, Pidcock moved and Anderson seconded that the meeting be adjourned. Motion passed 4-0.