HomeMy WebLinkAboutCity Council - 03/16/1999 - HRA APPROVED MINUTES
HOUSING&REDEVELOPMENT AUTHORITY
TUESDAY,MARCH 16, 1999 7:00 P.M.,CITY CENTER
COUNCIL CHAMBER
8080 MITCHELL ROAD
HOUSING& REDEVELOPMENT Chair,Jean Harris; Sherry Butcher-
AUTHORITY MEMBERS: Younghans,Ronald Case,Ross Thori innson, Jr.,
and Nancy Tyra-Lukens
CITY COUNCIL STAFF: City Manager Chris Enger,HRA Attorney Ric
Rosow, Community Development and Financial
Services Director Don Uram, and HRA Recorder
Margaret Rasmussen
I. CALL MEETING TO ORDER
Mayor Harris called the meeting to order at 7:00 p.m. Councilmember Thorfinnson was
absent.
H. ADOPT RESOLUTION HRA 99-1 APPROVING SUBORDINATION OF HRA
MORTGAGE AND AMENDMENT TO THE FIRST AMENDED AND
RESTATED PROJECT MANAGEMENT AGREEMENT
Uram stated that in December 1998 the representatives of Sterling Ponds came before the
Council requesting a public hearing on the issuance of refunding bonds for the Sterling
Ponds project,which the City approved in 1989. They are now before the Council
requesting authorization for issuance of multiple-family housing refunding bonds in an
amount up to $6.65 million, to refund those bonds.
MOTION: Tyra-Lukens moved, seconded by Butcher-Younghans, to approve
subordination of BRA mortgage and amendment to the first amended and restated project
management agreement. Motion carried 4-0.
III. ADJOURNMENT
MOTION: Tyra-Lukens moved, seconded by Case, to adjourn the meeting of the
Housing and Redevelopment Authority. Motion carried 4-0. The meeting adjourned at
7:03 p.m.
RO AL OF MINUTES—APRIL 6,1999
Hams: Butcher-Younghans:
Case:— Tyra-Lukens