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2005-10-25MOUND HOUSING AND REDEVELOPMENT AUTHORITY MEETING OCTOBER 25, 2005 The Housing and Redevelopment Authority of and for the City of Mound, Minnesota, met in regular session on Tuesday, October 25, 2005, at 6:30 p.m. in the council chambers of city hall. Members Present: Chairperson Pat Meisel; Commissioners Bob Brown, Mike Specht, John Beise, David Osmek, and Tenant Rep Sharon Wardwell. Others Present: City Attorney John Dean, Executive Director Kandis Hanson, City Clerk Bonnie Ritter, Community Development Director Sarah Smith, Jessica Shephard, Kethleen Walker, Dave Callister, Tom Stokes, Chuck Alcon, Dave Newman, Jeremy Pflaum, Patty Jo Herm n, Mike Stedman, Matthew Hermann. 1. Ch Meise alle the~rY~e 'ng to order at 6:30 p.m. 2. Approve Agenda MOTION by Osmek, seconded by Specht to approve the agenda. All voted in favor. Motion carried. 3. Approve Minutes MOTION by Beise, seconded by Osmek to approve the minutes of the September 27, 2005 meeting. All voted in favor. Motion carried. 4. Report by Westport Properties on Indian Knoll Manor Jessica Shepard of Westport Properties presented the monthly report as follows: A. September Bank Statement B. August Income Statement C. Review of Bills Paid: MOTION by Brown, seconded by Osmek to approve payment of bills from September 2005. All voted in favor. Motion carried. D. Manager's Report: the new site manager for Indian Knoll Manor, Kathleen Walker, was introduced. E. Resident Council Report: Sharon Wardwell reported to the council on concerns that will be addressed by Westport Properties. Chair Meisel turned the meeting over to Acting Chair Osmek because of a possible perceived conflict of interest on development matters. HRA Minutes -October 25, 2005 5. Action Approving Letter of Credit for Lost Lake Portion of Mound Harbor Renaissance Development MOTION by Beise, seconded by Specht to approve the Irrevocable Letter of Credit issued by State Bank of Long Lake for Mound Harbor Renaissance Development, LLC, in the amount of $500,000.00, expiring April 15, 2007. The following voted in favor: Brown, Specht, Beise and Osmek. The following voted against: None. Meisel abstained from voting. Motion carried. 6. Redevelopment Update by Mound Harbor Renaissance Development, LLC Chuck Alcon updated the Council on Phase 1 which includes 37 townhomes, one commercial building and 37 docks to go with the townhomes. He reviewed the Lost Lake Dump Re-mediation process and stated that the proposed completion of November 2-4, 2005, is on target. Development construction is scheduled to begin on November 7 with construction of the first eleven townhomes scheduled for November 28. Patty Jo Hermann of Edina Realty updated the Council on the marketing plan implemented by Edina Realty. A groundbreaking ceremony will take place on November 17, 2005, at 4:00 p.m. Dave Neuman presented an update on Phase 2, the Auditor's Road development. Mayor Meisel returned to preside over the balance of the meeting 7. Adjourn MOTION by Osmek, seconded by Brown to adjourn at 7:12 p.m. All voted in favor. Motion carried. Attest: Bonnie Ritter, City Clerk Chair Pat Meisel 2