HomeMy WebLinkAboutCity Council - 04/04/1989 - HRA • HOUSING & REDEVELOPMENT AUTHORITY
APPROVED MINUTES
TUESDAY, APRIL 4, 1989 7:30. PM, CITY HALL COUNCIL CHAMBERS
7600 Executive Drive
HOUSING & REDEVELOPMENT Chair Gary Peterson, Richard Anderson,
AUTHORITY MEMBERS: Jean Harris, Patricia Pidcock and
Douglas Tenpas
HOUSING & REDEVELOPMENT City Manager Carl J. Jullie, Assistant
AUTHORITY STAFF: to the City Manager Craig Dawson, -
Finance Director John Frane, City
Attorney Roger Pauly, and Recording
Secretary Deb Edlund
PLEDGE OF ALLEGIANCE
ROLL CALL: All Members Present
I . CALL MEETING TO ORDER
II . HRA RESOLUTION NO. 89-02, _ APPROVING A MODIFIED TAX INCREMENT
FINANCING PLAN FOR ELIM SHORES
. City Manager Jullie reported that the modifications to the Tax
Increment Financing Plan were technical in nature and
pertained to the numerical calculations for financial
assistance . Jullie stated that Staff recommended the adoption
of Resolution No. 89-02.
Harris asked Jullie is the reference to "tenant" on Page 7,
paragraph 2, pertained to Elim Shores and not to the tenants
of the facility. Jullie confirmed that "tenant" referred only
to Elim Shores in this document .
Pidcock asked Director of Finance John Frane what agency used
and/or recommended the 40% calculation figure to determine
rental rates. Frane replied that the Federal regulation was
20`k; however, as part of the negotiation process Elim Shores
arrived at 40%. Pidcock asked what the justification was for
the 40% figure . Pidcock believed that $510 per month rent
would not be considered low rent. Bill Meyer, representing
Elim Shores, stated that the rent included light cleaning
service and additional amenities. Harris commented that $510
would be less expensive than a nursing home and the residents
would be able to enjoy a more independent lifestyle.
MOTION:
Pidcock moved, seconded -by Harris to adopt HRA Resolution No.
• 89-02 approving a Modified Tax Increment Financing Plan for
Elim Shores . Motion carried unanimously.
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lousing & Redevelopment 2 April 4, 1989
• III . ADJOURNMENT
MOTION•
Pidcock moved, seconded by Anderson to adjourn the meeting at
7:50 PM. Motion carried unanimously.
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