12-15-15 HRA Minutes SPECIAL MEETING OF THE
HOUSING AND REDEVELOPMENT AUTHORITY
December 15, 2015
Pursuant to due call and notice thereof, a special 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 December 15, 2015, at 5:30 pm.
The following members were present: Chair Steve Schmidgall, Commissioners Joanie
Clausen, Larry Fonnest, Shep Harris, and Andy Snope. Also, present were HRA Director
Cruikshank, Assistant HRA Director Nevinski, HRA Attorney Barnard, and City Clerk Luedke.
Consider Resolution Approvinq Development Aqreement and Interfund for Liberty
Crossinq Pro�ect
,
Marc Nevinski, Assistant HRA Director introduced the agenda item and answered questions
from the Commissioners. Sue Virnig, Finance Director, Allen Barnard, HRA Attorney, and
David MacGillivray, Springsted Bond Consultant, answered questions from the
Commissioners.
Commissioner Harris introduced the following resolution and moved its adoption:
RESOLUTION 15-07
RESOLUTION RELATING TO THE LIBERTY CROSSING PROJECT
OF THE CITY AND APPROVING THE DEVELOPMENT AGREEMENT
AND INTERFUND LOAN THEREFORE
The motion for the adoption of the foregoing resolution was seconded by Commissioner
Snope and upon a vote being taken thereon, the following voted in favor thereof: Fonnest,
Harris, Schmidgall and Snope, and the following voted against the same: Clausen,
whereupon said resolution was declared duly passed and adopted, signed by the Chair and
his signature attested by the Director.
Reimbursement of Housinq and Redevelopment Authoritv Expenditure
MOVED by Harris, seconded by Snope and motion carried to approve payment of
$1,000,000 to Liberty Crossing Investment Partners, LLC (check #4072). Commissioner
Clausen voted no.
Adiournment
MOVED by Snope, seconded by Harris and motion carried unanimously to adjourn the
meeting at 6:10 pm.
. �.�,.. . �L*� l
Steven T Schmidgall, hair
Special Meeting of the Housing and Redevelopment Authority
December 15, 2015
Page 2
ATTEST:
Kristine A. Luedke, City Clerk