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HomeMy WebLinkAboutCity Council - 12/16/1986 - HRA APPROVED MINUTES EDEN PRAIRIE HOUSING & REDEVELOPMENT AUTHORITY TUESDAY, DECEMBER 16, 1986 9:12 PM, SCHOOL ADMINISTRATION BUILDING BOARDROOM COUNCIL MEMBERS: Mayor Gary Peterson, Richard Anderson, George Bentley, Patricia Pidcock and Paul Redpath CITY COUNCIL STAFF: City Manager Carl J . Jullie , Assistant to the City Manager Craig Dawson, City Attorney Roger Pauly, Finance Director John D . Frane, Planning Director Chris Enger, Director of Community Services Robert Lambert , Director of Public Works Eugene A . Dietz, and Recording Secretary Jan Nelson ROLL CALL: All members were present . I . CALL TO ORDER Mayor Peterson called the meeting to order at 9: 12 PM. • MOTION: Pidcock moved, seconded by Bentley, to approve the Agenda as published . Motion carried unanimously. II. PROJECT MANAGEMENT AGREEMENT AMENDMENT FOR PRAIRIE VILLAGE APARTMENTS Resolution No . HRA 8 -1 City Manager Jullie noted this action by the H.R .A . is neces- sary before the Council can take action on the Prairie Village Apartments Bond Amendment . He said Resolution No . 86-1 had been prepared which would effect the Project Management Amend- ment for the Prairie Village Apartments to subsidize more units at a greater subsidy using tax increments, to require a surety for the land investment by the City effective until the project has been operating for one year, and to declare that the Project Plan is consistent with the City' s housing program and thus appropriate for the increased amount of tax increment funds to be used. MOTION: Bentley moved, seconded by Anderson, to adopt H.R .A . Resolution No . 86-1 , approving Amendment to the Property Manage- ment Agreement for the Prairie Village Apartment Project and authorizing the Chairman and Administrator of the Housing & Redevelopment Authority to execute said Amended Agreement . Motion carried unanimously. III. ADJOURNMENT MOTION: Bentley moved, seconded by Redpath, to adjourn the meeting of the Housing & Redevelopment Authority at 9:15 R-1. Motion carried unanimously.