HomeMy WebLinkAbout1992-08-17 HRA Regular Meeting II
• MINUTES
OF THE EDINA HOUSING AND REDEVELOPMENT AUTHORITY
AUGUST 17, 1992
ROLLCALL Answering rollcall were Commissioners Kelly, Paulus, Rice, Smith,
and Richards.
CONSENT AGENDA ITEMS ADOPTED Motion was made by Commissioner Kelly and was
seconded by Commissioner Rice to approve the BRA Consent Agenda items as
presented.
Motion carried on rollcall vote - five ayes.
*MINUTES OF THE MEETING OF AUGUST 17. 1992, APPROVED Motion was made by
Commissioner Kelly and was seconded by Commissioner Rice to approve BRA
Minutes of August 3, 1992.
Motion carried on rollcall vote - five ayes.
REBATE OF EXCESS TAX INCREMENTS TO EDINA SCHOOL DISTRICT APPROVED Executive
Director Hughes explained that a letter had been received from James Hamann,
Assistant Superintendent for Business Services of the Edina Public Schools,
requesting the "windfall" revenue that is generated from the City's Tax
Increment Finance (TIF) districts because of the 1988 excess levy referendum.
The rebate for 1992 would be $20,000.00. The proposed rebate would be
collected from the Grandview Tax Increment Financing District only.
Executive Director Hughes said a similar rebate to the School District had
• been granted in 1991. On that occasion, the HRA required that the rebated
amounts be used for projects that were a benefit to both the schools and the
City. In 1991, the School District used the funds to recondition tennis
courts at the Community Center. This year, the School District is proposing
that the rebate be applied to the cost of rehabilitation of the track at
Kuhlman Field. They pointed out that this track receives substantial use by
residents of the City.
The requested rebate is for 1992 only. Future rebates would be considered on
a year-by-year basis.
Commissioner Paulus introduced the following Resolution and moved its
adoption:
RESOLUTION
BE IT RESOLVED that the Edina Housing and Redevelopment Authority of Edina,
Minnesota, does hereby approve payment of rebate of excess tax increments in
the amount of $20,000.00 from the Grandview Tax Increment Financing District
for the year 1992 to Independent School District No. 273. Motion for adoption
of the resolution was seconded by Commissioner Smith.
Rollcall:
Ayes: Kelly, Paulus, Rice, Smith, Richards
Resolution adopted.
*CLAIMS PAID Motion was made by Commissioner Kelly and was seconded by
Commissioner Smith to approve payment of the BRA claims as shown in detail on
the Check Register dated August 17, 1992, and consisting of one page totalling
$14,648.06.
H.R.A. Minutes - 8/17/92
Page 2
• Motion carried on rollcall vote - five ayes.
There being no further business on the HRA Agenda, Chairman R' hards declared
the meeting adjourned.
Executi
VQ
irector
i
•