2002-04-23 CITY OF MOUND
HOUSING AND REDEVELOPMENT AUTHORITY
APRIL 23, 2002
The Housing and Redevelopment Authority of and for the City of Mound, Minnesota,
met in regular session on Tuesday, April 23, 2002, at 6:30 p.m. in the council chambers
of City Hall.
Members Present: Chairperson Pat Meisel; Commissioners Bob Brown, Mark Hanus,
David Osmek and Peter Meyer.
Others Present: City Attorney, John Dean; Executive Director, Kandis Hanson;
Community Development Director, Sarah Smith.
1. OPEN MEETING
The meeting was called to order at 6:30 p.m. by Chairperson Meisel.
2. APPROVE AGENDA
MOTION by Brown, seconded by Hanus to approve the agenda. All voted in favor.
Motion carried.
3. APPROVE MINUTES
MOTION by Hanus, seconded by Brown to approve the minutes of the regular meeting
of March 26, 2002. All voted in favor. Motion carried.
METROPLAINS DEVELOPMENT~ INC.
A. MOTION by Brown, seconded by Meyer to adopt the following resolution. All
voted in favor. Motion carried.
RESOLUTION NO. 02-01H: RESOLUTION AWARDING THE SALE OF, AND
PROVIDING THE FORM, TERMS, COVENANTS, AND DIRECTIONS FOR THE
ISSUANCE OF TAXABLE TAX INCREMENT REVENUE NOTES
(METROPLAINS REDEVELOPMENT PROJECT); APPROVING FIRST
AMENDMENT TO AMENDED AND RESTATED CONTRACT FOR PRIVATE
REDEVELOPMENT.
B. MOTION by Brown, seconded by Hanus to approve the First Amendment and
Restated Contract for Private Redevelopment. All voted in favor. Motion carried.
MOTION by Osmek, seconded by Brown to adopt the following resolution and
approve the following agreements. All voted in favor. Motion carried.
Co
RESOLUTION NO. 02-02H: RESOLUTION AWARDING THE SALE OF, AND
PROVlDNG FOR THE FORM, TERMS, COVENANTS, AND DIRECTIONS FOR
THE ISSUANCE OF TAXABLE TAX INCREMENT SUBORDINANT REVENUE
NOTE (METROPLAINS REDEVELOPMENT PROJECT) SERIES 2002B
Mound HRA Minutes - April 23, 2002
D. DISBURSING AGREEMENT BETWEEN HRA AND CHICAGO TITLE
COMPANY
E. CAPITALIZED INTEREST ESCROW AND PAYING AGENT AGREEMENT
F. ASSIGNMENT AND SUBORDINATION OF DEVELOPMENT AGREEMENTS
(Townhome Construction Loan, Condominium Construction Loan, and Land
Development Loan)
5. ADJOURN
MOTION by Hanus, seconded by Brown to adjourn the meeting at 6:36 p.m. All voted
in favor. Motion carried.
AtteSt: Executive Di~ector, Kandis i:~nson
Chairperson Pat Meisel
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