HomeMy WebLinkAboutCity Council - 10/17/1989 - HRA •
HOUSING & REDEVELOPMENT AUTHORITY
APPROVED MINUTES
TUESDAY, OCTOBER 17 , 1989 7 : 30 PM CITY HALL COUNCIL CHAMBERS,
7600 Executive Drive
HRA MEMBERS: Mayor Gary Peterson, Richard Anderson,
Jean Harris , Patricia Pidcock, and
Douglas Tenpas
HRA STAFF: City Manager Carl J. Jullie , Assistant
to the City Manager Craig Dawson,
Finance Director John Frane , Assistant
City Attorney Richard Rosow, and
Recording Secretary Barb Malinski
PLEDGE OF ALLEGIANCE
ROLL CALL: All members present.
I. CONVENE MEETING
II . APPROVAL OF MINUTES OF MEETING HELD TUESDAY, DECEMBER 13 &
20 , 1988
MOTION:
Anderson moved, seconded by Pidcock to approve the minutes
of the December 13 and 20 meeting of the Housing and
Redevelopment Authority. Motion carried unanimously.
III. NEW BUSINESS
A. HRA Resolution No. 89-02 Amending Property
Management Agreement for Prairie Village
Apartments
Jullie reported the procedure necessary for the
technical amendment for the Property Management
Agreement for the Prairie Village Apartment project.
Stan Weinberger, representative of the proponent,
informed the HRA bonds would be sold next week. He
asked that the completion date be changed from October
1 to October 15 in the Property Management Agreement.
He further requested to change the exhibit in existing
•
1
• HRA Minutes October 17 , 1989
documents to match the tax increment plan exhibit. He
stated the proceeds from the sale would be held in
account by a trustee and upon project completion, the
funds would pay off the construction mortgage.
Peterson shared a concern that the resolution did not
cover all items requested by the proponent. Rosow
advised the HRA that this approval of the Resolution
would make the requests possible to be granted.
MOTION:
Harris moved, seconded by Anderson to close the public
hearing and adopt Resolution 89-02 to approve execution
of the Property Management Agreement with the
understanding that it included the additional concerns
of transfer and subordination. Motion carried
unanimously.
IV. ADJOURNMENT
Pidcock moved, seconded by Harris to adjourn the
• meeting at 8 :45 p.m. Motion carried unanimously.
2