2007-12-11MOUND HOUSING AND REDEVELOPMENT AUTHORITY
DECEMBER 11, 2007
The Mound Housing and Redevelopment Authority in and for the City of Mound,
Minnesota, met in regular session on Tuesday, December 11, 2007, at 6:00 p.m. in the
council chambers of city hall.
Members present: Chair Mark Hanus; Commissioners David Osmek, Mike Specht, John
Beise and Greg Skinner
Others present: City Attorney John Dean, Executive Director Kandis Hanson, Bill &
Dorothy Netka, Ken Perbix, Terry Foster, Chuck Alcon, David Newman, Zach Stensland,
Chris Kenelly.
1. Open meeting
Chair Hanus called the meeting to order at 6:00 p.m.
2. Approve agenda
MOTION by Specht, seconded by Osmek to approve the agenda. All voted in favor.
Motion carried.
3. Approve minutes
MOTION by Osmek, seconded by Specht to approve the minutes of the November 27,
2007 meeting. All voted in favor. Motion carried.
4. Approve cancellation of December 25, 2007 regular meeting
MOTION by Specht, seconded by Osmek to cancel the regular meeting scheduled for
December 25, 2007. All voted in favor. Motion carried.
5. Status report from Mound Harbor Renaissance Development, LLC with any
necessary action
Zach Stensland of Welsh Properties updated the HRA, stating that they have four
interested parties for the restaurant site and Parking Deck 2 is a critical piece to getting a
restaurant tenant.
David Newman of MHRD stated they have Letters of Intent out and will report back in
February as to the status of these. He told the HRA that they have interest from small
sandwich shops for a possible tenant for the space beside Caribou.
6. Redevelopment Financing and Projects
A. Consideration of authorizing staff to respond to offers from owners of properties
John Dean indicated that the HRA would be going in to closed session to discuss
responses to offers for sale of properties. State statutes authorize to hold this portion of
the meeting in private. The HRA went into closed session at 6:13 p.m.
The HRA reconvened at 6:52 p.m. and John Dean stated that the HRA had discussion
with legal counsel to discuss responses to the proposed property sale offers and was
given direction how to proceed. He will get in touch with property owners to let
them know results of those discussions.
HRA Minutes -December 11, 2007
66. Transit District -Deck 1
Sarah Smith stated that staff is evaluating possible funding sources to alleviate the
estimated $150,000 deficit in the transit district which is associated with contaminated
soil found during construction of the transit district ramp. Staff will continue to update
members of the HRA regarding this matter.
6C. Auditor's Road -Deck 2
Sarah Smith is working with the Met Council on extending the $1.15 million grant that
expires on June 30, 2008. She will report back to the HRA on progress.
6D. Next steps -none
7. Consideration of Resolution Authorizing Execution of Amended and Restated
Tax Increment Pledge Agreement for Series 2008A Bonds (Dump clean-up)
John Dean explained that the original pledge was passed in connection with the
temporary bond issue and now the City Council is looking at approving the sale of
another temporary bond issue to take its place. The HRA needs to pledge the tax
increment to the City so that payment can be made on the bonds.
MOTION by Osmek, seconded by Specht to adopt the following resolution. All voted in
favor. Motion carried.
RESOLUTION NO. 07-08H: RESOLUTION AUTHORIZING EXECUTION OF AN
AMENDED AND RESTATED TAX INCREMENT PLEDGE AGREEMENT WITH THE
CITY OF MOUND RELATING TO TAXABLE GENERAL OBLIGATION TAX
INCREMENT TEMPORARY REFUNDING BONDS, SERIES 2008A, TO BE ISSUED IN
AN AMOUNT NOT TO EXCEED $4,105,000
8. Adiourn
MOTION by Osmek, seconded by Specht to adjourn at 7:00 p.m. All voted in favor.
Motion carried.
1 ~ /~ _ Chair Mark Hanus
Attest: Bonnie Ritter, City Clerk
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