HomeMy WebLinkAbout1996-05-20 HRA Regular Meeting • MINUTES
OF THE EDINA HOUSING AND REDEVELOPMENT AUTHORITY
HELD AT CITY HALL
MAY 20, 1996
ROLLCALL Answering rollcall were Commissioner Maetzold, Smith and Chairman
Richards. Commissioner Kelly entered the meeting at 7:04 P.M.
CONSENT AGENDA ITEMS APPROVED Motion made by Commissioner Smith and
seconded by Commissioner Maetzold adopting the HRA Consent Agenda as
presented.
Rollcall:
Ayes: Maetzold, Smith, Richards
Motion carried.
*MINUTES OF THE HRA MEETING OF MAY 6, 1996, APPROVED Motion made by
Commissioner Smith and seconded by Commissioner Maetzold approving the HRA
Minutes of May 6, 1996.
Motion carried on rollcall vote - three ayes.
TAX INCREMENT ASSISTANCE AGREEMENT FOR CENTENNIAL LAKES OFFICE
• PHASE I APPROVED Executive Director Hughes reminded Council of the approval
authorizing the Redevelopment Contract that provided tax increment assistance for the
Phase I Centennial Lakes Office Building to United Properties that would be equal to 25%
of the annual tax increments generated by the Phase I office building. The City Attorney
has prepared the Tax Increment Assistance Agreement based upon the terms outlined for
the HRA on May 6. Staff recommends approval of the agreement.
Commissioner Maetzold made a motion to approve agreement of the Tax Increment
Assistance Agreement for Centennial Lakes Office Space I, a copy of which is in the
office of the City Clerk. Commissioner Kelly seconded the motion.
Rollcall:
Ayes: Kelly, Maetzold, Smith, Richards
Motion carried.
There being no further business on the HRA Agenda, Chairman Richards declared the
meeting adjourned.
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