HomeMy WebLinkAbout2000-08-01 HRA Regular Meeting MINUTES
OF THE EDINA HOUSING AND REDEVELOPMENT AUTHORITY
HELD AT CITY HALL
AUGUST 1, 2000 - 7:00 P.M.
ROLLCALL Answering rollcall were Commissioners Faust, Johnson, Kelly, and Chair
Maetzold.
CONSENT AGENDA APPROVED Motion made by Commissioner Johnson and
seconded by Commissioner Faust approving the Edina Housing and
Redevelopment Authority Agenda as presented.
Rollcall:
Ayes: Faust, Johnson, Kelly, Maetzold
Motion carried.
*MINUTES OF THE REGULAR MEETING OF THE EDINA HOUSING AND
REDEVELOPMENT AUTHORITY FOR JULY 18, 2000 APPROVED Motion made by
Commissioner Johnson and seconded by Commissioner Faust approving the
Minutes of the Regular Meeting of the Edina Housing and Redevelopment
Authority for July 18, 2000.
Motion carried on rollcall vote -four ayes.
• *RESOLUTION 2000-04, AMENDING MATURITY DATE OF TEMPORARY TAX
INCREMENT BONDS - SERIES 1997B Motion made by Commissioner Johnson
and seconded by Commissioner Faust approving the following resolution:
RESOLUTION NO. 2000-04
AMENDING MATURITY DATE OF THE GENERAL OBLIGATION
TEMPORARY TAX INCREMENT BONDS, SERIES 1997B
BE IT RESOLVED by the Board of Commissioners of the Edina
Housing and Redevelopment Authority, Minnesota (the "HRA"), as follows:
Section 1. Recitals. The City of Edina (the "City")has previously
issued its General Obligation Temporary Tax Increment Bonds, Series 1997B in
the principal amount of up to $2,500,000 (the "Bonds") pursuant to Minnesota
Statutes, Section 469.178,subdivision 5(a) to finance the costs of acquisition of
property, the demolition of existing structures located thereon and other site
preparation costs to be undertaken by the HRA as part of the Grandview Area
Redevelopment Plan of the HRA. The Bonds were urchased by the HRA from
surplus funds on hand in the project fund for the 50 ph and France Tax Increment
Financing District of the HRA (the "Fund") and the Bonds are held as an asset of
the Fund. The Bonds mature on August 15, 2000 and the City proposes to extend
the maturity date to November 15, 2000, and has requested the HRA, as the owner
of all the Bonds, to agree to such extension of maturity date.
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Section 2. Approval of Extension of Maturity Date. The extension of
the maturity date on the Bonds to November 15, 2000 is hereby approved. The
Chair and Secretary of the HRA are authorized to execute an agreement with the
City amending the terms of the Bonds to extend the maturity date to November
15, 2000.
A opt/end: Aug ' t 12000.
Attest:
Gordon Hughes, Exec. irector Dennis F. Maetzold, Chair
Motion carried on rollcall vote - four ayes.
CLAIMS PAID Motion made by Commissioner Faust approving the Check Register
dated July 26, 2000, and consisting of one page totaling $22,664.64. Commissioner
Kelly seconded the motion.
Rollcall:
Ayes: Faust, Johnson, Kelly, Maetzold
Motion carried.
There being no further business on the HRA Agenda, Chair Maetzold declared the
meeting adjourned at 7:05 P.M.
Executive Director
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