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10-12-10 HRA Minutes HOUSING AND REDEVELOPMENT AUTHORITY October 12, 2010 Pursuant to due call and notice thereof, a regular meeting of the Housing and Redevelopment Authority of the City of Golden Valley, Hennepin County, Minnesota, was held at 7800 Golden Valley Road in said City on October 12, 2010 at 6:30 pm, in the City Council Chambers. The following members were present: Chair Paula Pentel and Commissioners Mike Freiberg, Linda Loomis, DeDe Scanlon and Robert Shaffer. Also present were HRA Director Thomas Burt, HRA Attorney Allen Barnard,Assistant HRA Director Jeanne Andre, Finance Director Sue Virnig and Administrative Assistant Christine Columbus. Approval of Aqenda MOVED by Shaffer, seconded by Loomis and motion carried unanimously to approve the agenda of October 12, 2010. Approval of Minutes—Julv 13, 2010 MOVED by Loomis, seconded by Freiberg and motion carried unanimously to approve the Housing and Redevelopment Authority minutes of July 13, 2010. Reimbursement of Citv Expenditures MOVED by Loomis, seconded by Freiberg and motion carried unanimously to authorize the reimbursing the City of Golden Valley $1,017.50 for expenditures incurred. Receipt of September 2010 Financial Reports MOVED by Shaffer, seconded by Loomis and motion carried unanimously to receive and file the September 2010 HRA Financial Reports. Aqreement for Leqal Service with Best & Flanaqan MOVED by Freiberg, seconded by Loomis and motion carried unanimously to authorize the HRA Director to enter into a new five-year agreement with Best & Flanagan for the provision of legal service to the HRA. Commissioner Loomis noted that the agreement can be cancelled in less than five years with notice. I-394 Corridor Redevelopment Area Plan MOVED by Freiberg, seconded by Scanlon and motion carried unanimously to continue the consideration of I-394 Corridor Redevelopment Area Plan to the January 11, 2010 meeting. Housing and Redevelopment Authority October 12, 2010 Page 2 of 2 GVEC Properties LLC Default Director Burt reported GVEC, LLC has remained in default of the TIF agreement through non-payment of taxes. Burt recommends the HRA continue to suspend TIF payments to the developer and wait and see if the developer can secure financing to pay the delinquent in taxes. MOVED by Loomis, seconded by Shaffer and motion carried unanimously to authorize staff to continue to work with the GVEC, LLC while the developer tries to secure financing and pay the delinquent taxes. The meeting was adjourned at 6:37pm. � ��ifM/��l ��' "1 Paula Pentel, Chair ATTEST: �� � , t' �� G� � � ��_. ristine Columbus, Administrative Assistant