HomeMy WebLinkAbout05-18-87CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
MAY 18, 1987
The meeting was called to order at 9:17 p.m., and roll call was taken.
Present: Commissioners Zaun, Sindt and Harvey. Absent: Commissioners
Nelson and Enright.
Also present: Roger Knutson, City Attorney; Patrick McGarvey,
Executive Director.
87.28 Motion was made by Sindt, seconded by Harvey to approve the minutes of
the May 4, 1987, H.R.A. meeting.
Roll call was taken on the motion. Ayes, Zaun, Sindt, Harvey.
The commissioners took up election of officers for the H.R.A.
Commissioner Zaun nominated Patrick Harvey as Chairman of the H.R.A.
87.29 Motion was made by Sindt, seconded by Zaun to cast a white ballot for
Patrick Harvey as Chairman of the H.R.A.
Roll call was taken on the motion. Ayes, Sindt, Harvey, Zaun.
Harvey nominated Sindt for the office of Vice Chairperson.
87.30 Motion was made by Harvey, seconded by Sindt to close nominations and
cast a white ballot for Sindt as Vice Chairperson of the H.R.A.
Roll call was taken on the motion. Ayes, Harvey, Zaun, Sindt.
Commissioner Sindt nominated Robert Nelson for Secretary of the
H.R.A.
87.31 Motion was made by Harvey, seconded by Zaun to close nominations and
cast a white ballot for Robert Nelson as Secretary of the H.R.A.
Roll call was taken on the motion. Ayes, Zaun, Sindt, Harvey.
At this time, Commissioner Harvey opened the public hearing on the
sale of Parcel A in downtown Lakeville to D.K.M. Enterprises for
construction of a downtown professional office building located on the
west side of Holyoke Avenue between Upper 208th Street and 208th
Street. The Executive Director attested to the legal notice for the,
hearing.
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A brief description of the project and the sale of the property was
presented by the Executive Director, indicating that the H.R.A. would
purchase Parcel A, along with Parcels B and C, from Despatch Indus-
tries and sell Parcel A to D.K.M. Enterprises for the same price it
paid Despatch Industries for Parcel A. The sale price is $2.40 per
square foot for a total of $101,171 for Parcel A.
There was no one present wishing to comment or ask questions concern-
ing the proposed sale.
87.32 Motion was made by Harvey, seconded by Sindt to close the public
hearing.
Roll call was taken on the motion. Ayes, Sindt, Harvey, Zaun.
87.33 Motion was made by Zaun, seconded by Harvey to adopt Resolution No.
87 -9 approving the sale of the property to D.K.M. Enterprises.
Roll call was taken on the motion. Ayes, Harvey, Zaun, Sindt. -
At this time, Mr. John Bossardt from the Bossardt- Christensen Corpora-
tion advised the Executive Director that they were withdrawing their
request for consideration of tax increment financing for the Consumers
Development Professional Office Building at this time, which the
Executive Director relayed to the commissioners.
At this time the Executive Director reviewed with the commissioners
the policies the City used for tax increment financing concerning
the letters of credit to guarantee payment throughout the life of the
bonds for tax increment funds invested in the developers private
property versus the proceeds used for public purposes and the payback
requirements for the private investment of tax increment dollars. The
commissioners discussed the policies and advised the Executive
Director to draw up a list of the various policy alternatives for
future consideration and adoption at an H.R.A. meeting.
87.34 Motion was made by Zaun, seconded by Harvey to adjourn the H.R.A.
meeting.
Roll call was taken on the motion. Ayes, Zaun, Sindt, Harvey.
Time: 10:01 p.m.
Respectfully subm;.tted,
W
Patrick E. McGarvey
Executive Director
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