2003-10-28MOUND HOUSING AND REDEVELOPMENT AUTHORITY
OCTOBER 28, 2003
The Mound Housing and Redevelopment Authority of and for the City of Mound,
Minnesota, met in regular session on Tuesday, October 28, 2003, at 6:30 p.m. in the
council chambers of city hall.
Members Present: Acting Chair Mark Hanus; Commissioners Bob Brown, David
Osmek, Peter Meyer, and Indian Knoll Representative Lorraine Jass.
Members Absent: Chairperson Pat Meisel
Others Present: Executive Director Kandis Hanson, City Attorney John Dean, City
Clerk Bonnie Ritter, Community Development Director Sarah Smith, City Planner Bruce
Chamberlain, City Engineer John Cameron, Chuck Alcon, Tom Stokes, Ruth
Bloomquist, Linda Brown, Michelle Chalmers, Cindy Reiter.
1. OPEN MEETING
Acting Chair Hanus opened the meeting at 6:30 p.m.
2. APPROVE AGENDA
MOTION by Brown, seconded by Osmek to approve the agenda. All voted in favor.
Motion carried.
3. APPROVE MINUTES
MOTION by Brown, seconded by Osmek to approve the minutes of the September 23,
2003, regular meeting. All voted in favor. Motion carried.
4. INTRODUCE HRA REPRESENTATIVE FROM INDIAN KNOLL MANOR
Cindy Reiter of Westport Properties introduced the new Indian Knoll Manor tenant
representative to the HRA, Lorraine Jass.
5. REPORT ON INDIAN KNOLL MANOR BY WESTPORT PROPERTIES
Cindy Reiter presented her monthly report as follows:
A. September bank statement
B. August income statement
C. Review of bills: MOTION by Brown, seconded by Osmek to approve payment
of the bills for September, in the amount of $18,152.76.
D. Manager's report
a. Resident Council update
b. Project updates - the parking lot drainage will be fixed on November
2nd.
HRA Minutes - October 28, 2003
6. MOUND HARBOR RENAISSANCE DEVELOPMENT~ LLC
A. PROJECT UPDATE
Tom Stokes of Mound Harbor Renaissance Deveipoment, LLC, updated the Board on
the proposed downtown development.
B. REQUEST FOR EXTENSION OF PRELIMINARY DEVELOPMENT AGREEMENT
Tom Stokes and David Newman appeared to request an extension to the preliminary
development agreement, on behalf of Mound Harbor Renaissance Development, LLC.
They are requesting a 120 day extension for the purpose of negotiating a term sheet
and preliminary developer's agreement.
MOTION by Osmek, seconded by Brown to extend the preliminary developers
agreement Mound Harbor Renaissance Development, LLC, for 120 days with the
following benchmarks: Within 60 days the financing structure outline and funding gap
resolution must be completed; within 90 days the financing term sheet will be
completed; and within 120 days the draft of the final developer's agreement will be
available. Acting Chair Hanus and Executive Director Hanson are also authorized to
execute the third amendment to the preliminary developer's agreement with terms as
stated. All voted in favor. Motion carried.
7. ADJOURN
MOTION by Osmek, seconded by Brown to adjourn at 7:10 p.m. All voted in favor.
Motion carried.
Attest: Bonnie Ritter, City Clerk
Acting Chair Mark Hanus
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