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HomeMy WebLinkAbout1986-11-03 HRA Regular Meeting MINUTES EDINA HOUSING AND REDEVELOPMENT AUTHORITY NOVEMBER 3, 1986 Answering rollcall were Commissioners Bredesen, Kelly, Richards, Turner and Courtney. MINUTES of the HRA Meeting of October 20, 1986, were approved as submitted by motion of Commissioner Turner, seconded by Commissioner Bredesen. Ayes: Bredesen, Kelly, Richards, Turner, Courtney Motion carried. APPROVAL OF AGREEMENT AND REDEVELOPMENT CONTRACT FOR GRANDVIEW BILTMORE PROJECT CONTINUED TO 11/17/86. Manager Rosland stated that the developer has requested that Council's consideration of the Regulatory Agreement and Amendment of the Redevelopment Contract for the Grandview Biltmore Project be continued to the meeting of November 17. Frank Dunbar, the developer, gave an update on the project recalling that demolition of the Biltmore Motel was commenced in March and the site was cleared according to the terms of the redevelopment contract. At that time they were advised that a tax reform bill was to be considered by Congress and it was unknown what the ramifications were going to be with regard to the method of financial structuring for the project. A decision was made not to begin new construction in light of the pending legislation but all working drawings were completed, bids were solicited and a contractor has been selected. P Mr. Dunbar said that construction will begin as soon as all the financial details are worked through on the bond documents. He requested that the project be placed on the November 17, 1986 HRA agenda. Motion of Commissioner Bredesen was seconded by Commissioner Turner to continue the Grandview Biltmore Project to the HRA meeting of November 17, 1986. Ayes: Bredesen, Kelly, Richards, Turner, Courtney Motion carried. BID AWARDED FOR WATERPROOFING/INSULATION OF DECK AREAS - EDINBOROUGH PHASE IV & V. Manager Rosland advised that only one bid had been received for the waterproofing and insulation of deck areas for Edinborough Phase IV and V. The bid was in the amount of $42,000.00 submitted by Waterproofing by Experts, Inc. Two other plan holders did not submit bids. Mr. Rosland stated that this company has done similar work for other phases of the Edinborough project and would recommend the bid be awarded. Motion of Commissioner Turner was seconded by Commissioner Bredesen for award of bid for waterproofing and insulation of deck areas - Edinborough Phase IV and V to Waterproofing by Expertd, Inc. at $42,000.00. Ayes: Bredesen, Kelly, Richards, Turner, Courtney Motion carried. There being no further business on the HRA 7Exzecutie djourned by motion of Commissioner Turner, seconded by otion carried. es ector