HomeMy WebLinkAbout03-15-04 CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
MARCH 15, 2004
Chair Rieb called the meeting to order at 8:.25 p.m.
Roll call was taken. Present: Commissioners Bellows, Johnson, Wulff,
and Rieb. Absent: Commissioner Luick.
Also present: Robert Erickson, Executive Director; Dennis Feller, Finance
Director and Charlene Friedges, City Clerk.
MINUTES
The minutes of the January 20, 2004 H.R.A. meeting were approved as
presented:
ITEM 3
• Mr. Feller presented a resolution. authorizing the preparation, execution
and delivery of an amended and restated Ground Lease Agreement to
..facilitate the refinancing of the former All Saints property on behalf of
Independent School District No. 194.. He explained that ISD 194 is
.requesting approval of the resolution by the HRA, who holds the ground
lease for their property, which is located adjacent to the Lakeville Area
Arts Center. The School District intends to refinance its lease, providing a
substantial savings due to the favorable interest rates that currently exist.
In order to do so, the ground lease between the HRA and the current
lessee needs to be reassigned to Wells Fargo, the low bidder and new.
lessee.
04.03 Motion was made by Johnson, seconded by Wulff to approve Resolution
Na 04-2 authorizing the. preparation, execution and delivery of an
amended and restated Ground Lease Agreement to facilitate the
refinancing of the former All Saints property on behalf of Independent
School District No. 194.
Roll call was taken on the motion. Ayes, Bellows, Johnson, Wulff and
Rieb.
• There being no .further business, Chair Rieb adjourned the meeting at
.8:30 p.m.
CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT A UTHORITY MEETING
March 1 S, 2004
PAGE 2
Respectfully submitted,
Charlene Friedges, Ci Jerk
La ri Rieb, Chair