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HomeMy WebLinkAbout1987-02-02 HRA Regular Meeting MINUTES EDINA HOUSING AND REDEVELOPMENT AUTHORITY FEBRUARY 2, 1987 Answering rollcall were Commissioners Kelly, Richards, Smith, Turner and Courtney. MINUTES of the H.R.A. Meeting of January 26, 1987, were approved as submitted by motion of Commissioner Turner, seconded by Commissioner Kelly. Ayes: Kelly, Richards, Smith, Turner, Courtney Motion carried. BID AWARDED FOR PUBLIC WORKS GARAGE/PARKING FACILITY. Manager Rosland advised that on December 23, 1986 the HRA opened bids for the Public Works Garage and Parking Facility. Bid tabluations on file show James Steele Construction Company as low bidder at $1,700,500 which was $73,500 below estimate. The breakdown of this bid between the parking ramp and public works garage is as follows: Ramp $1,284,400 Public Works Garage 416,100 $1,700,500 Mr. Rosland explained that the final redevelopment contract and related documents with Jerry's Enterprises have not been executed due to travel commit- ments by officers of the company. Because the subject bid expires prior to the next HRA meeting, staff recommends award to James Steele Construction Company with the following conditions and contingencies which must be fulfilled: 1) Execution of the Redevelopment Contract with Jerry's Enterprises. 2) Submission by Jerry's of a commitment for financing the construction of the shopping center expansion. 3) Execution of the Assessment Agreement and the Easement and Parking Ramp Agreement. Motion of Commissioner Turner was seconded by Commissioner Kelly for award of bid to recommended low bidder, James Steele Construction Company, at $1,700,500, and the contracts are awarded subject, however, to the following contingencies and conditions which must be fulfilled, or waived by the City, on or before February 23, 1987, and if not fulfilled or waived, the contracts shall not be awarded or deemed to be awarded: 1) The Contract for Private redevelopment (the "Contract") between the Housing and Redevelopment Authority of Edina, Minnesota, (the "HRA") and Jerry's Enterprises, Inc. , (the "Redeveloper") is duly executed and delivered by the HRA and Jerry's; 2) The Redeveloper has obtained and delivered to the HRA a duly signed and accepted commitment for financing the construction of the Private Improvements as defined in the Contract in form and substance acceptable to the HRA; and 3) The HRA and Redeveloper duly execute and deliver the Assessment Agreement and the Easement and Parking Ramp Agreement referred to and described in the Contract. Ayes: Kelly, Richards, Smith, Turner, Courtney Motion carried. There being no further business on the HRA Agenda, motion of Commissioner Kelly was seconded by Commissioner Turner for adjournment. Motion carried. Executive rector