Housing & Redevelopment Authority

City Hall and Court House City of Saint Paul 15 West Kellogg Boulevard Council Chambers - 3rd Floor Meeting Minutes - Action Only Jonathan Sage-Martinson, Executive Director of the Housing & Redevelopment Authority HRA, 651-266-6565 Tina Sheldon, Recording Secretary, 651-266-6604 Chair Amy Brendmoen Commissioner Dan Bostrom Commissioner Bill Finney Commissioner Russ Stark Commissioner Dai Thao Commissioner Dave Thune Commissioner Chris Tolbert Wednesday, September 23, 2015 2:00 PM Council Chambers, City Hall ROLL CALL Present 7 - Commissioner Dan Bostrom, Commissioner Russ Stark, Commissioner Dai Thao, Commissioner Chris Tolbert, Commissioner Dave Thune, Chair Amy Brendmoen, and Commissioner Bill Finney CONSENT AGENDA 1 Approval of the September 9, 2015 HRA minutes. Commissioner Finney moved Approval. The HRA Minutes were Adopted. Yea: 7- Commissioner Bostrom, Commissioner Stark, Commissioner Thao, Commissioner Tolbert, Commissioner Thune, Chair Brendmoen, and Commissioner Finney Nay: 0 PUBLIC HEARING 2 Resolution (i) Approving and Authorizing Execution of a Purchase Agreement and Related Documents for the Sale of the Lofts at Farmers Market and Related Budget Amendment, and (ii) Providing for the Redemption of Certain Taxable Limited Tax Bonds, Series 2010A (Build America Bonds - Direct Pay) and Taxable Limited Tax Bonds, Series 2010B (The Lofts at Farmers Market Project) of the HRA and Approving Related documents, District 17, Ward 2. Commissioner Finney moved Approval. The Resolution was Adopted. Yea: 7- Commissioner Bostrom, Commissioner Stark, Commissioner Thao, Commissioner Tolbert, Commissioner Thune, Chair Brendmoen, and Commissioner Finney Nay: 0 3 Resolution authorizing the issuance of conduit lease revenue refunding bonds for Community of Peace Academy under Minnesota Statutes, Sections 469.152 through 469.1655 and approving related documents, District 5, Ward 5 City of Saint Paul Page 1 Housing & Redevelopment Meeting Minutes - Action Only September 23, 2015 Authority Commissioner Bostrom moved Approval. The Resolution was Adopted. Yea: 7- Commissioner Bostrom, Commissioner Stark, Commissioner Thao, Commissioner Tolbert, Commissioner Thune, Chair Brendmoen, and Commissioner Finney Nay: 0 FOR DISCUSSION 4 Resolution authorizing the issuance of conduit housing revenue obligations (Lonnie Adkins Court Apartments Project); approving related documents; and adopting a Housing Program, District 8, Ward 1 Commissioner Thune Recused himself. Commissioner Thao moved Approval. The Resolution was Adopted. Yea: 6- Commissioner Bostrom, Commissioner Stark, Commissioner Thao, Commissioner Tolbert, Chair Brendmoen, and Commissioner Finney Nay: 0 5 Resolution regarding Lonnie Adkins Court Apartments Project, approving assumption, modification and modification to an existing loan; approving a waiver of the HRA Maximum Developer Fee Guidelines; and approving a partial waiver of the Saint Paul Sustainable Building Policy, Summit-University District 8, Ward 1. Commissioner Thune Recused himself. Commissioner Thao moved Approval. The Resolution was Adopted. Yea: 6- Commissioner Bostrom, Commissioner Stark, Commissioner Thao, Commissioner Tolbert, Chair Brendmoen, and Commissioner Finney Nay: 0 ADJOURNMENT Commissioner Tolbert moved Adjournment. The HRA Meeting was Adjourned. Yea: 6- Commissioner Bostrom, Commissioner Stark, Commissioner Thao, Commissioner Tolbert, Chair Brendmoen, and Commissioner Finney Nay: 0 City of Saint Paul Page 2