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, December 9, 2015 2:00 PM Council Chambers, City Hall The Board of Governors of Penfield Apartments, LLC will convene immediately following the HRA meeting. ROLL CALL Present 5 - Commissioner Russ Stark, Commissioner Dai Thao, Commissioner Dave Thune, Chair Amy Brendmoen, and Commissioner Bill Finney Absent 2 - Commissioner Dan Bostrom, and Commissioner Chris Tolbert CONSENT AGENDA Note: Items listed under the Consent Agenda will be enacted by one motion with no separate discussion. If discussion on an item is desired, the item will be removed from the Consent Agenda for separate consideration. Approval of the Consent Agenda Commissioner Finney moved Approval. The Consent Agenda was Adopted. Yea: 5- Commissioner Stark, Commissioner Thao, Commissioner Thune, Chair Brendmoen, and Commissioner Finney Nay: 0 Absent: 2- Commissioner Bostrom, and Commissioner Tolbert 1 Approval of November 12, 2015 HRA minutes Adopted 2 Resolution Amending the Tax Increment Financing Plan For the Minnesota Event Tax Increment Financing District, District 17, Ward 2 Adopted 3 Resolution Authorizing Approval of a 2015 Budget Amendment Related to the Jackson Street Reconstruction Project, and Authorizing and Approving an Interfund Loan Within the Block 4 Redevelopment Tax Increment Financing District (Minnesota Life) District 17, Ward 2 City of Saint Paul Page 1 Housing & Redevelopment Meeting Minutes - Action Only December 9, 2015 Authority Adopted 4 Resolution Authorizing Additional Principal Redemption and Early Interest Payment for the Section 108 HUD Note, Series HUD 2003-A and Related Budget Amendment, District 5, Ward 5 STAFF REPORT Commissioners Tolbert and Bostrom Arrived. Present 7 - Commissioner Dan Bostrom, Commissioner Russ Stark, Commissioner Dai Thao, Commissioner Chris Tolbert, Commissioner Dave Thune, Chair Amy Brendmoen, and Commissioner Bill Finney 5 City of Saint Paul Annual Informational Report on Tax Increment Districts FOR DISCUSSION 6 Resolution Approving a Modification on a $1,000,000 Loan to Jamestown Homes, LLLP, Ward 1, District 8 Moved by Commissioner Thao, Resolution is Adopted. Yea: 7- Commissioner Bostrom, Commissioner Stark, Commissioner Thao, Commissioner Tolbert, Commissioner Thune, Chair Brendmoen, and Commissioner Finney Nay: 0 7 Resolution approving and authorizing the execution of a Tax Increment Financing Development Agreement for the Minnesota Museum of American Art Pioneer Endicott Project, District 17, Ward 2 Moved by Commissioner Finney, Resolution is Adopted. Yea: 6- Commissioner Bostrom, Commissioner Stark, Commissioner Thao, Commissioner Tolbert, Chair Brendmoen, and Commissioner Finney Nay: 0 Abstain: 1- Commissioner Thune 8 Resolution (i) Amending the Redevelopment Plan for the Koch-Mobil Redevelopment Project Area; (ii) Approving the Adoption of an Amendment to the Tax Increment Financing Plan for the Koch Mobil Tax Increment Financing District; (iii) Authorizing Execution of an Amendment to Development and Loan Agreement, Promissory Note, and Combination City of Saint Paul Page 2 Housing & Redevelopment Meeting Minutes - Action Only December 9, 2015 Authority Mortgage, Security Agreement and Fixture Financing Statement with West 7th/Fort Road Federation, Inc.; and (iv) Amending the Resolution Authorizing and Approving an Interfund Loan for the Koch Mobil Tax Increment Financing District, District 9, Ward 2 Moved by Commissioner Thune, Resolution is Adopted. Yea: 7- Commissioner Bostrom, Commissioner Stark, Commissioner Thao, Commissioner Tolbert, Commissioner Thune, Chair Brendmoen, and Commissioner Finney Nay: 0 9 Resolution (i) Approving the Establishment of the Schmidt Keg House Redevelopment Tax Increment Financing District, (ii) Approving a Tax Increment Financing Plan therefor; (iii) Authorizing Execution of a Tax Increment Development Agreement; and (iv) Approving a HRA Budget Amendment, District 9, Ward 2 Moved by Commissioner Thune, Resolution is Adopted. Yea: 7- Commissioner Bostrom, Commissioner Stark, Commissioner Thao, Commissioner Tolbert, Commissioner Thune, Chair Brendmoen, and Commissioner Finney Nay: 0 10 Resolution Approving and Authorizing Acceptance of Conveyance of Palace Theatre from City of Saint Paul (City); Execution of a Reimbursement and Loan Agreement with the City; Acceptance of Assignment of Existing Contracts from the City; Execution of State G.O.Bond Grant Agreement and related documents and agreements; Execution of a Development Agreement and Use Agreement with Palace Theatre Operations, LLC; Acceptance of Encroachment Easement; Execution of Access Easement; Approval of Additional Actions to Complete the Palace Theatre Project; and Budget Amendment; District 17, Ward 2 Commissioner Thune Introduced Attachment F. Moved by Commissioner Thune, Resolution is Amended. Yea: 6- Commissioner Stark, Commissioner Thao, Commissioner Tolbert, Commissioner Thune, Chair Brendmoen, and Commissioner Finney Nay: 1- Commissioner Bostrom Moved by Commissioner Bostrom, Resolution is Amended. Yea: 4- Commissioner Bostrom, Commissioner Thao, Commissioner Tolbert, and Commissioner Finney Nay: 3- Commissioner Stark, Commissioner Thune, and Chair Brendmoen Moved by Commissioner Thune, Resolution is Adopted As Amended. Yea: 6- Commissioner Bostrom, Commissioner Stark, Commissioner Thao, Commissioner Thune, Chair Brendmoen, and Commissioner Finney Nay: 1- Commissioner Tolbert City of Saint Paul Page 3 Housing & Redevelopment Meeting Minutes - Action Only December 9, 2015 Authority PUBLIC HEARING 11 Approval of the Sale and Conveyance of Parcel 585 Thomas Avenue under the Inspiring Communities Program, Frogtown/Thomas-Dale, District 7, Ward 1 Moved by Commissioner Thao, Resolution-Public Hearing is Adopted. Yea: 7- Commissioner Bostrom, Commissioner Stark, Commissioner Thao, Commissioner Tolbert, Commissioner Thune, Chair Brendmoen, and Commissioner Finney Nay: 0 ADJOURNMENT Moved by Commissioner Thune, the HRA Meeting is Adjourned. Yea: 7- Commissioner Bostrom, Commissioner Stark, Commissioner Thao, Commissioner Tolbert, Commissioner Thune, Chair Brendmoen, and Commissioner Finney Nay: 0 City of Saint Paul Page 4