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HOUSING AND REDEVELOPMENT AUTHORITY MEETING
APRLL 3, 2000
Vice Chair Luick called the meeting to order at 8:25 p.m.
Roll call was taken. Present: Commissioners Johnson, Sindt, Mulvihill
and Luick. Absent: Commissioner Zaun. Also present: R. Erickson,
Execu#ive Director; D. Feller, Finance Director; C. Friedges, City Clerk.
MINUTES
The minutes of the February 22, 2000 Housing and`Redevelopment
Authority meeting were approved as presented.
ITEM 3
00.4 Motion was made by Johnson, seconded by Sindt to appoint
Commissioner Mulvihill as Secretary of the Lakeville H.R.A. for the year
2000.
• Roll call was taken on the motion. Ayes, Johnson, Sindt, .Mulvihill, Luick.
..ITEM 4
Finance Director Dennis Feller presented a resolution approving the terms
and conditions of a Financing Lease. Transaction between the Lakeville
Housing and Redevelopment Authority and Independent School District,
194 for the former All Saints School property. Under the terms of the
Memorandum of Understanding approved on December 6, 1999, the City
will transfer title of the school parcel to the Lakeville HRA. The HRA will
obtain lease-purchase financing from a financial institution for acquisition
of the elementary school property ($416,000), renovation of the school to
ISD 194 standards ($900,000) and issuance costs ($10,000). The HRA
will accordingly sublease the property and improvements ($1,326,000) to
ISD 194.. The terms of the lease and sublease agreement will be for 15
years, consistent with the Memorandum of Understanding. Bids will be
received from the various financial institutions on April 17.
.00.5 Motion was made by Mulvihill, seconded by Johnson to approve
Resolution No. 2000-3 relating to school facilities lease; approving the
terms and conditions and calling for proposals therefor.
Roll call was taken on the motion. Ayes, Sindt, .Mulvihill, Luick, Johnson.
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ITEM 5
Mr. Feller presented, on behalf of ISD 194, the renovation plans for the
elementary school located on the former All Saints Campus. He indicated
that the School District has taken bids for the renovation project and
awarded a contract to Rochon Corporation in the amount of $734,000.
00..6 Motion was made by Mulvihill, seconded by Sindt to approve the
renovation plans for the Lakeville elementary school located on the former
All Saints Campus.
Roll call was taken on the motion. Ayes, Mulvihill, Luick, Johnson, Sindt.
There being no further business, Vice Chair Luick adjourned the HRA
meeting at 8:35 p.m.
Respectfully submitted,
Charlene Friedges, C' Clerk
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David Luick, Vice Chair
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