2004-07-13MOUND HOUSING AND REDEVELOPMENT AUTHORITY
JULY 13, 2004
The Mound Housing and Redevelopment Authority of and for the City of Mound,
Hennepin County, Minnesota, met in regular session on Tuesday, July 13, 2004, at 7:20
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: Executive Director Kandis Hanson, City Clerk Bonnie Ritter,
Community Development Director Sarah Smith, Shery Therres, Gerald and Rita
Borseth, Tom Gray, Tammy Faiola, John Beise
1. Open Meetin_cl
Chair Pat Meisel called the meeting to order at 7:20 p.m.
2. Approve Agenda
MOTION by Hanus, seconded by Brown to approve the agenda. All voted in favor.
Motion carried.
Commissioner Osmek arrived at 7:22 p.m.
3. Approve Minutes
MOTION by Brown, seconded by Hanus to approve the minutes of the June 22, 2004
meeting. All voted in favor. Motion carried.
4. Action authorizinq execution and delivery of three HRA Acknowledgment and
Reaffirmation Documents
MOTION by Brown, seconded by Hanus to approve execution and delivery of the
following agreements, as per City Attorney recommendation. All voted in favor. Motion
carried: (1) First Loan Modification Agreement between The Village by the Bay
Development, LLC and Associated Bank Minnesota, a National Association (Land
Development Loan); (2) Second Loan Modification Agreement between The Village By
the Bay Development, LLC and Associated Bank Minnesota, a National Association
(Townhome Construction Revolving Credit Loan); and (3) First Loan Modification
Agreement between the Village By the Bay Development, LLC and Associated Bank
Minnesota, a National Association (Condominium Construction Revolving Credit Loan)
5. Adjourn
MOTION by Hanus, seconded by Osmek to adjourn at 7:23 p.m. All voted in favor.
Motion carried.
Attest: Bonnie Ritter, City Clerk
C(~ai~perso'n P~t Meisel