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2023-06-20 Reglar Meeting June 20, 2023 — 6:30 PM Golden Valley City Hall Hybrid Meeting HRA REGULAR MEETING MINUTES Housing and Redevelopment Authority meetings are being conducted in a hybrid format with in - person and remote options for attending, participating , and commenting. 1. Call to Order Chair Maurice Harris called the meeting to order at 6:30 pm. 1A. Roll Call Commissioners present: Chair Maurice Harris; Commissioners Sophia Ginis, Denise La Mere- Anderson, Shep Harris, and Gillian Rosenquist Staff present: HRA Director Cruikshank, Community Development Director Flores, Housing and Economic Development Manager Shoquist, and City Clerk Schyma 2. Approval of Agenda Motion by Rosenquist, Second by S. Harris to approve the agenda as submitted. Motion carried 5-0. 3. Consent Agenda Approval of Consent Agenda - All items listed under this heading are considered to be routine and will be enacted by one motion. There will be no discussion of these items unless a Commission Member so requests in which event the item will be removed from the general order of business and considered in its normal sequence on the agenda. Commissioner Ginis stated she would be abstaining from the votes of Items #3A.1. Minutes from the Regular HRA Meeting of March 21, 2023 and #3A.2. Minutes from the Special HRA Meeting of May 16, 2023. Motion by La Mere-Anderson, Second by Rosenquist to approve the Consent Agenda as revised. Motion carried 5-0. 3A. Approval of HRA Minutes: 3A.1. Minutes from the Regular HRA Meeting of March 21, 2023 3A.2. Minutes from the Special HRA Meeting of May 16, 2023 3B. Receive and File the Second Quarter Financial Reports DocuSign Envelope ID: EB9160BD-3084-432E-AF83-74CA5CFCE89C 3. Items Revised on the Consent Agenda: 3A.1. Minutes of the Regular HRA Meeting of March 21, 2023 3A.2. Minutes of the Special HRA Meeting of May 16, 2023 Commissioner Ginis abstained from the vote on Items #3A.1. & #3A.2. since she was not a member of the HRA for the meetings on the consent agenda. Motion by La Mere-Anderson, Second by Rosenquist to approve the Minutes from the Regular HRA Meeting of March 21, 2023 and the Minutes from the Special HRA Meeting of May 16, 2023. Motion carried 4-0. (In Favor: M. Harris, La Mere-Anderson, Rosenquist. Abstained: Ginis. Opposed: N/A) 4. Public Hearing 5. Old Business 6. New Business 6A. Adopt HRA Resolution No. 23-06 Approving a Tax Increment Financing Plan for Tax Increment Financing District within Valley Square Redevelopment Project Area Housing and Economic Development Manager Shoquist discussed the staff report. She noted that Tom Denaway of Baker Tilly Advisors, Attorney Ron Batty from Kennedy & Graven, and Developer Brian Woolsey were in attendance to answer any questions the HRA may have. Mr. Denaway provided information on tax increment financing (TIF) including financial analysis, Renewal & Renovation TIF District eligibility, limitation on use of TIF revenue in Renewal & Renovation District, Renewal & Renovation TIF District duration, TIF revenue projections and proposed TIF assistance budget. Motion by S. Harris, Second by Rosenquist to Adopt HRA Resolution No. 23-06 Approving a Tax Increment Financing Plan for Tax Increment Financing District within Valley Square Redevelopment Project Area. Motion carried 5-0 with unanimous approval. (In Favor: M. Harris, Ginis, S. Harris, La Mere- Anderson, Rosenquist. Opposed: N/A) 6B. Approve Contract for Private Development with 640 Golden Valley, LLC (Sentinel Development) Housing and Economic Development Manager Shoquist discussed the staff report and the future of the naming process for the development. Motion by S. Harris, Second by Rosenquist to Approve Contract for Private Development with 640 Golden Valley, LLC (Sentinel Development). DocuSign Envelope ID: EB9160BD-3084-432E-AF83-74CA5CFCE89C Motion carried 5-0. 7. Adjournment The HRA meeting was adjourned by unanimous consent at 6:48 p.m. Maurice Harris, Chair ATTEST: Theresa Schyma, City Clerk DocuSign Envelope ID: EB9160BD-3084-432E-AF83-74CA5CFCE89C