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HRA 05/12/1988 - 29653QTY OF FRIDLEY HOITSIlVG & RIDEVELOPMENT AUTHORITY NII1VU'PE�S, MAY 12, 1988 ,� (.�r,r, TO ORDER: Qlairperson Commers called the May 12, 1988, Housing & Redevelopment Autlwrity n�eting to order at 7:05 p.m. ROLL C�,L�L: M�nbers Presen.t: Larxy Cc�¢ners, Virginia Sr�h*��� , Duane Frairie Jahn Meyer N1en]oers Absent: Walter Ras[tn�.ssen Others Present: Jock Rob�rtson, Executive Director of HRA Rick Pribyl, City Finance D�rector Jul.ie Burt, .Asst. Finance Officer �ave Newman, HRA Attorney Lou & June Lundgren, 343 Kellogg Blvd., St. Paul A1an Rouse, 1786 Hannc�pin Ave. So. Steve Boerbooii. Kraus-Anderson Jim Pouzar, Kraus-Anderson APPROVAL OF APR.II� 14, 1988, HOUSIl�TG & RIDE�FL�OPMENT AUTHORITY N�1[]TF�; ^ N%7!'2�1�1 bY Ms. Schnabel, seconded by Mr. Prairie, to approve the April 14, 1988, Housing & Redevelo�anant Authority minutes as written.. UPDN A VOICE VOTE, ALL VOTIlVG AYE, Q3ATRpERSON 00NIl�M�'�RS DEQ�ARF�D THE MOTION C�RRIED UNANIl�BJUSL,Y. 1. Il�t�RNJATION ON IAU LUi�IDGREN' S PROPOSAL : , , ��� Mr. L�dgren sta.ted. that at t1�.e �eting he had han.ded out a Progress Report on-the Fridley Plaza Agartxnents dated May 12, 1988. He stated that since the April 14th HR.A meeting, he and his consultants met with the Kraus-Anderson people. Kraus-Anderson i�as t'ak[�n �-bids on all the items of construction. Kraus-Anderson is pregared to enter into a firm contract with Fridley Plaza Associates and himself subj ect only to the f inal financing which will be the intitial endorsemexit of the nwrtga.ge. Mr. L�dgren stated Kraus-Anderson was capable and prepared to furnish a Perfonnance and completion bond for 100� of the construction cost. The bond is issued by the St. Pau1 Compana.es. Kraus-Anderson has the crews, equipment, and construction management skills to complete the project expeditiously in accordance with the plans and specifications. Costs ha.ve been allocated separately for t1� parking ramp, should it be required. Mr. Lund�n stated the update of the MaxEield Research Group Study of the Rental Market Trends in t,he Fridley axea was completed and delivered on Monday. May 9, to Terry Chuvala, C�iief Underwriter of Centennial Mortgage �� Co. A copy was given to the HRA consultant, Jim Casserl y, and to Jock -1- HOUSIlVCi & RIDEVEC�O� AUTHORI'1'Y 1�!�!'Il�TGr MAY 12 � 1988 � Robertson. This report shows a continued strong market for th.e proposed proj ect. Mr. Lundgren sta.ted that on Nforiday, May 9, he �t with Mr. Johnson and Mr. Pa.ul Bakken of the finm of Johnson and Liedl Appraisal of Hopkins to visit the site and meet with Jock Roberts�. 'l�is appraisal fint► was retained by Centenriial Mortgage Co. and their report is due soon. Mr. Lundgren stated a meeting with Mr. Robertson and staff originally scheduled.for May 2 was postponed to Ma.y 10 because the Maxfield update was not c�npleted. by May 2. Mr. Lundgren stated that on Tuesday, he and representatives of Kra'us-Anderson met with Paul Arnf elt, President of Lif e Style, Inc ., a management company: Ter.ey Chuvala. C�ief Unclezwriter of Centennial l�rtgage; an.d Lazlo Korbula, AIA, of the finn of Korbuly/Graf of South Bend, India�. Mr. Lundgren stated that on May 10 at 1:00 p.m., a�eting was held at the Fridley Civic Center attended by the following persons: Jock Robertson; David Nevanan; J,im C;asserly; Te.r.ry Chuvala; Laszlo Korbula; Paul Arnfelt; R+obert Silve�nan, Attorney at Dorsey & Whitney, representing Mr. Lundgren; and Mr. Lundgren. At that �eting, N�. Chuvala gave a progress report to sta.ff and indicated that. assuming the �ininJ it�ns such as the appraisal cc�nne in on time, they were about three weeks away from commitrnent. He e�cplained they were able and willing to �rtga.ge a building on air rights ^ and they were purst,in; that direction. He also indicated he may be able to provide an c�tion which would not *��; re that much HIZA participation and he is also pursuing t1�at optiari. Mr. Lim.dgren stated there are sti].l s� loose it�ns yet to be resolved, but th�y were still c�n �h��i e with total activities. They hope and expect to ccane ba.ck the first week in June with a co�tiitment. Mr. Lundgren introduced Steve Boerboon and Jim Pouzar from Kraus-Anderson. He stated both gentlenen were very capable in the field and were willing to answer any questians the HIZA might have about their c�npany. He stated he was vesy plea.sed to have then on the team. Kraus-Anderson was a first rate or�ni�ation, and he l�as worked with then as long as 25 years ago. Mr. Ne�an stated. that if Mr. Lundgren Y�ad firnal construction estimates fran Kraus-Anderson, he would appreciate it if Mr. Lundgren would provide that inf'o�snation to both Jock Robertson and himseTt. N�r. Lundgren sta.ted the way the bids are taken and the way HUD makes them divide the bids are two different things. They are in the process now of putting the numbers on the HUD forms. He stated they still ha.ve some boo]cvaork to do, but he would pxr�vide Mr. Robertson with that inforniation. Ms. Schnabel asked Mr. Lundgren,when he expected wnstruction to begin and wY1at was the esti.mated. c�npletion date. � Mr. Lundgren sta.ted. construction would begin when the financing was in place -2- HOUSIlI�TGG & RIDEV.E�OPl�' RITY MEETIlVG� N�Y 12, 1988 � and signed. The site was ready, the contractor was ready, and the subs were ready. They have done a lot of work in the last fav weeks. He stated t11ey � have a c�npletion date of 12 �n.ths which is ti�it, but doable. Ms. Schr�abel stated that on the ma.rket studies, ha.d there been any discernable changes as far as the rent structure7 Mr. Lundgren stated t;he rent structure was pretty �ch conf'inned at what Mr. Maxfield ha.d projected 1 and 1/2 years ago for 1988-89. This particular market is still a vexy strong market. Mr. Newman stated staff still needs to receive a number of items of infornnation frcxn Cen.tennial Mortgage before they can start drafting the development agreement. The meeting on Tuesday, May 10, was very encourag].Ilg. Centennial is looki.ng at sc�+e options which will ma.ke for a cleaner aperation. Until Centennial completes the underwriting process, they will not know for sure how to approach this and the level of HRA assistance that will be necessa.xy. They have stressed to Centeruiial that it wa.s imperative there be a final c�¢ni.t�ment before the next HIZP, meeting, and CPntennial seened to feel ccanfortable with that t�metable. Mr. N�n stated tY�at fro�n a procedura]. standpoint, he would envision thhat staff will c�ne tfl the HIZA at the ne.xt meeting w:ith, hopefully, at least, a general concept of how they should approach this. They might need to ask the HI�A to schedule a special nieeting in late J�e to act on the develoFanen.t ^ agreenent before the letter of credit expires on. June 28, 1988. Mr. Robertson stated that in the first round of this analysis of the firiancial structure, the HIZA authorized staff to obtaul the sexvices of Jim C�.sserly to review the draf t pro formas. In t,he HRA information pa.cket receiv�. at the �eting, the HI2A had a copy of a letter from Jim Casserly whicdl was requested by Mr. Newman and himself, along with some background inforniation on Mr. C�.sserly. Staff was recommending the HRA continue to reta.in Mr. Casseriy through the process of analyzing the final financial structure -of this project. Both he and Mr. Ncn�nan had con.cluded. that this was prabably the ntost complex project the HRA has yet undertaken and they want to be vexy careful to caver all the bases. Mr. RQbertson stated t1�at in Mr. C�.sserly's letter, he stated that it will take betvaeen 15-20 hc�urs t� ccanplete the total proj ect analysis. Mr. N�,�ran stated. that even thaugh t,he HRA does not know wha.t the direct assistance is going to be to Mr. Lundgren, the HRA vaill be incurring other costs—one being the cost of acxluiri.ng the site. N.�. Casserly has access t,o csrta.in resources to do the fi�ancial evaluation and to pravide the HI�A with a very thorough ana.lysis of v�hat they are getting into as th.e proj ect progresses. Mr. Newman sta.ted once they have a better handle �.what type of assistance is-being requested, they will also involve Jim O'Meara. They have some bon�s that were in place 2 1/2 years ago, and they wan.t to make sure there � are not going to be any adverse tax consequences ari those bonds. -3- �� 1 ' ' �� ,�1 � '' I�I a ' I@i � ` I� ' : : � 2. (ANSIDERATON OF NSP AGREII��3�PI' FOR THE UNDERGROUND ELECTRICAL SYSTEMS FOR RICE QtEEIC ROAD t MdI'ION by Mr. Meyer, seconded.by Ms. SGhnabel, to approve the NSP Agreement for the unde�ground electrical systens for Rice Creek Road in the amount of $67,914. UPON A VOICE VOTE, ALL VOTING AYE, Q�A]RPERSOAT UONIN�RS DECLARED 'PI'.� NIOTION C�,RR.IED UNANIl�US�Y. 3• UPDATE ON R�U�S°P FOR REDEVEL�OPMENT P.SSISTANCE FOR MIDWEST VAN & STORAC�E BLTII�D�TG BY FRANK ItITI'F�RM�T: N.�. Robertson sta.ted. that 1� ha.d hand,ed out an amendment to the memo f rom Saiinantha Orduno da.ted Ma.y 5, 1988 (page 2 of HRA agenda) . This memo indicated the type of assistance the HRA has provided on comparable projects. He stated the assistance for Shorewood was 12%, but the percentage for S�ringbrook Apas�trnents was much higher because those were lo��s instea.d of soil correction an.d write-d+own. It was important to make that distinction. Mr. Robertson stated staff W3S Y'ECnmmPnr7inq t,h3t the HRA diz'eCt thG staff to proceed with the Shorewood.model. Staff would recommend approximately a $30,000 sec�nd mortga.ge (stanolard 15 year mortgage that has been done before with no pa.yn�n.ts the first 3 years, interest only the next 2 years, and the ^ Z'�nai n� ng }a31c1riCe� principle, and. interest the last 10 years ). If the HRA agreed, then he and Mr. Neman �aould draf t a development agreement along those lines. He sta.ted they believe the assistarlce is justified because it is a redeveio�nt type situation vuhich they have ]mawr�. they were going to face mare freqwently. It is in the neighborhood of I�ore Lake Commons, across the street from the new fire station, and staff feels it is important to do it to set the tone for the redevelopm�nt of the whnle neighborhood. Ms. �r*+��� stated. this project is �re a rehabilitation project than many of tri.e other projects they have participated in. From the information received at the last meeting frcan Mr. Coplan, representing Mr. Kitterman, there were a lot of proble�ns in the buil�in� with water, electxicity, etc., more problens than wha.t the HRA has had to deal with in other proj ects. There were a rnm�ber of con.struction proj ects which were new construction Projects. Shorevvood was probably the only one that came close to a rehabilitiation project. She had been tzying to think of ways to define this proj ect so they cou].d get a better handle on the d�llar �nounts they give t� developexs; in other vaords, the rehabilitation of an existing structure that is being updated and brought up to code, vexsus brarld new construction. She was txyin.g t� cxane up with a way to rationalize or justify this type of assistance. Mr. Robertson stated Mr. Kitterman was proposing extensive exterior r�deling work which was not really needed; but if it was not done, it would look just like an old bu�lding that has been repainted. There wre � also a lot of interior amprovements that �eeded to be done. -4- HOUSIlJG & RF'n�i1�� AUTHOR'CTY N�EI'�iG1 MAY ].�. 1988 � Mr. C�xs stated the C�¢nission had to be careful in setting an.y kind of precedent. The first project evex done was Johnson Printing. They tried to maintain. that as a benchmark and obviously they were not werly successful. Mr. Nc�man. stated there was a significant difference between pure land write-down and a sec�nd mortgage. Mr. Cce�mners stated he would agree with that. Ms. Schnabel stated that at the last meeting, Mr. Coplan had stated the es�imate for the exterior imprwanents was $130,000 and the estimate for the interiar impz�ov�nents was $90,000. The HRA menbers expressed concern t'h.at if they did agree to assist Mr. Kittennari, there was x� Juarantee that all these impravenents would be done. Mr. N�n stated one �hi n� they have to do is come up with a development contract. They can ask the Ciiy Assessor to look at the plans and give his estima.t� on wha.t value he would put on the iunprovements and what the assessnents would be. Mr. Meyer stated that as far as the HRA was concerned, the best th9ng was to ge� rid of the eyesore, �articularly the exterior appearance. If the HRA should agree to assist Mr. Kitterman, he felt it would behoove Mr. Kitteu�nan, r.� matter wha.t th� amoun.t of assistance is, to be specific on ^ what he will do � the outside of the building, and then maybe txie HI�A would assist him according to the specific �mpravenents that would be done. Maybe the HIZA could also make a shopping list that applied to the inside of the bui.lc3i.n.g. Nir. �wman sta.ted tria.t was a good point. They did soanething similax with Springbrook Apa.rt�nents where they ha.d the developer pravide a pa.ge of amenities the City wan.ted him to provide in order to get the quality the Cii.y wan.ted. He felt it was appropriate for city staff to sit dornm with Mr. Kitterman and go over his list of improvements item by item, get a description of what wi11 be done, and incorporate those items in the agre�nent. Mr. Meyer stated he would be comforta.ble with the level of assistance presented.by staff ($27,000), because it was certainly �ing to help improve 'the area. If they want to talk about j ustif ication, he thought one maj or justification would be to create s�rr;ng much, m�re pleasing than what is there nav. Ms. Schnabel stated she could see spending the n�ney for rehabilitation of an �existing property that is r�dawn ar in state of disrep�air if it is goi.ng to be a larger percentage than what they have rLO�.7.ly done, praviding the end result is acccanplished. It was the concensus of the HRA members that staff work on drafting a ^ develapment agre.enent for the n�nbers to review at the n�xt meeting. -5- HOUSIN(` & REDEV��OPT�N7.' AUTHORITY MEEI'IlWr 1�lAY 12� 1988 - _�.. ...,._�� %`1 4. CONSTDERATION OF REDEVIIAPMEN�.0 PROPOSAL FOR 57TH & UNNERSITY AVIIWE: Mr. Robertson sta.ted they have recei.ved no update information fram the two ccanpeting cl�velapers and are still wai.ting for mpre c.�nplete proposals from the developers. He stated n� action was req�ired at this t�ae. - ••� n �- - • • • �� T - . �y •�• • � �� n • i w •• W. � Mr. RQbertson sta.ted.they believe they are close to an agreement with the owr]ers of the Fridley Plaza Office Building in renegotiating the lease agre�nent. The important thing at this point is it looks likely that the parking �a.rge project can proceed along with the first phase of the r�aleling this s�srmer. Mr. Robertson rai.sed the procedural question: How should the HI�A ac�minister this construction contract? This is canplicatsd by the fact that t1�.e City Council is a�ministering that part of the contract that deals with renavation and. ex�aax�sion of the fire station and City Ha11. The HRA ha.s budgeted $1 mil.lion just for the �. Since the City Council is already administering the project, staff would propose that once the garage part of the proj ect' s f ina]. specif ications and. budget cane to the HI�A for approval , the daY-ta'daY. �nth-to-month a�ix�stration of the contract be done under the blank�t of the City Council contract. Mr. RQbertson stated that because inevitably there will be minor changes, n one advanta.ge would be that the City could avoid the type of problem they ran into with the Lake Pointe proj ect wh�xe they essentially had a double approval process which was further ccanpounded by the fact that the HItA meets oi�1.y �thly whereas the City Council meets bi�ronthly. Once the contract amount was agre�ed to, any cost �err�is would be the responsibility of the City rather than the HRA. At all tames, staff wou].d give the HRA thorough and ccunplete pmgress reports. Mr. N�eyer asked what was so imusua.l about this $1 million for building a parking ramp against any other public facility triiey have done under a gez�eral contractor where monthly estimates and c.l�ange ordexs coi[tie to the HIZA for approval? Why would the HRA have to abdicate some of this responsibility to the City? N.�. Newman stated it was different in one respect in that si�n�ltaneously the City will be r�nodeling City Hall. It was different in t��at they have both bodies aperating tandFSnly. Other than. that, he did not ]�.ow if it was that si�ficantly diffexent. He sta.ted he was greatly troubled during the Lake �inte proj ect in that - they would encounter situa.tions where change orders needed a��; ck action, but the HRA did not have a meeting scheduled f or three weeks. Staff was th�n faced with the dil��a. of what they could do and what they coulchz't do. Fraiiltly at tames, they probably came close to the gray area in whether ar not they ha.d the authority to do what they did. Based on how these proj ects tend to proceed, invariably thexe are change orders. ^ Mr. Prairie sta.ted tiv.s proj ect was considerably s�naller tl�an. Lake �inte so it should be a lot easier. He sta.ted he did not see any grea.t problens with � HOITSIlVG & RIDE'VIIA� AUTHORZTY N�. N@,Y 12, 1988 � it, and he would agree with Mr. Meyer who would like to be able to see thin�s as th�y progress. Eben t�iough the HI�A meets just once a month, he did �ot think there had been any real great problems because of it. They could authorize staff to ma]ce the decision in an emergency situation, but the rest of the tin�, they could conti.nue as they have in the past. Mr. l�yex stated that with any proj ect, there are times when emergency d�cisions have to be made. ' Mr. RQbertson stated he was worried about Mr. N�wman.and himself ha.ving to take the responsibility for making "yes/no" clecisions in a couple of days versus waiting and consulting with the HRA, and actually losing money by waiting. Mr. Ccacunexs sta.ted the HRA could be put in the position where that same arc�unent could be made for any future proj ect. Mr. Prairie stated he thought t1�.ere was the possibility of less change oroiers for the garage trian for the Lake Poin.te proj ect. Mr. Meyer asked what the contruction mana.ger's role was for t,he parking rantp. The field cibsezvation sta.ge is where decisions must be made by the arcl�tect, enmi n�rs, and/or c:onstruction mana.ger to proceed. with a proj ect and assimne that change orders will be appraved by t11e governing body or by the private owner. Where was the architect and his engineers during the � field obsexvati.on-stagie in which they recaa�¢nend t� the construction manager what should be done in any given or unusua.l circumstances? Under this crontract, was it the c�nstruction mana.ger who makes the final decision to go or not go with the c1�an.ge or was it the architect/emm �r�er? If it was the construction mar�ager, his vote would be to not relinquish control of this proj ect to the City Council . Ms. Schnabel stated she could sympathize with what Mr. Robertson and Mr. N�n were saying in that it becomes difficult for them to try to ma.ke decisions on changes that occur in the 30 day period before the HR.A meetings. But, she also thought they got thenselves into a lot of trouble with the -Lake Pointe proj ect change orders. She thought the HIZA had spent a lot of money they were uncomfortable with, but she did not know if that would be resolv�l by their keeping control wer the proj ect. Mr. Robertson stated he detected a veay good working relationship between the con.structiari manag�nen.t finn and the architect engineer. Mr. N.f�yer sta.ted the City and the HRA hired an architect and an,engineer to verify the specifications, and they are the ones responsible for the design of the pmject. Nornnally, they or some other architect or engineer are responsible to-the City to make sure those plans and specifications are acIlzered to. A construction mar�a.ger comes in a.n.d if, in the process, the construction managex abrogates the responsibilities of the architect and �ngineer, then that is a noa�tecxuiical person wlw is making that decisi� and ^ that should not be. If the architect/engineer accedes to that, then he would have a bigge� question. -7- ��1 I ' ��1� �i • '' I�1� ' •' I�i � " �r� • I I /"'� N�. N.deyex sta.ted he thought that somewhere along the line t,hey want an arcllitect/Pnm *+�r controlling this groj ect. In his apir�ion, a construction managex is just a"glorified clerk" in the first place and cannot be allavec7. to supplanent the s�rvices of the professional. Mr. RQb�rtson sta.ted he wauld like to research this in more detail and get a de�a.iled explanat:ion to the qwestions raised by Mr. Meyer. Ms. Schnabel stated she did not question the staff's best interest in their in�egrity and their expertise, but was it c�n for a body like the HRA to give someone $1 million to build a parking ramp without having seen a drawing, without having talked to an architectural engineer or a constructi� mnagenent te�n? She was just won.dering if they were doing this right, and s�he felt veiy iu�.cc�nfortable with the situa.tion. Mr. Robertson.stated he wanted to make sure the HRA understood that he was n,�� rec�r¢nend-ing that. He was recommending that the HRA go through the review of the detailecl plans, schedules, specs, and budget as a Board before �eY aAP�e �Y�nJ• Only af ter they have approv�. all of t,he abave would they decide on wha.t to do on a monthly ba.sis in terms of contract manag�nent. Mr. Meyer stated Ms. Schnabel had brought up an interesting point. He st�.ted the HI2A has �ver beela. asl�ed to sit in on ariy plann.ing sessions wit1�. sta.ff or anyarie else. Th�y have r.�ver been asked to aid in the selection of ^ an architect/engin.�er, never been asked whether or not they wanted a c�xnstruction manager. All of these things were told to them, and that was ��Y ��t�g ��. 'Po anstiuer Ms, Schnabel's question about whether it was im.n�usual for this to happen this way, he thought it was vexy unusual. A question that should be asked of the City is : Were they going to use the constructi� m3na.ger syst�n for the Public Works' city streets, sewer and water projects in the future because it saves so munc �ity staff time? N.Lr. N�nan stated the rea,son this was brought up now was to get the HRA' s reaction to the concept of how they might mana.ge the contract. He felt staff has gotten that reaction by the c�¢nents made by the HR.A members at this meeting. Staff �s the HI�A ta7ces their responsibility very seriously and that they are very �ncerned about their budget, and the staff feels �ccenfortable makuzg decisions for the HRA. That was wYiy staff came up with this different contract manag�nent approach. They are trying to do some early planna.n.g now. Mr. oca¢ners stated that at this time, it was obvious to him that tllere was enough lack of cxenfort in what was being proposed by staff that the. HRA could not malc� a decison at this tu�. Mr. Nern�nan suggest� they go with the r.�nnal approach, and o�ce they get an idea of wha.t the specific contract amounts are goin� to be, the HRA can go with a s�milar-type approach they used last year where the City Council, in the inter�m, would have the authority to authorize change orders that c�o not exceed certain amounts and then provide the HRA with an update at the ^ following meeti.n.g. -8- �� � " ' CH�) DI • " l�l •' f�i I " I- ' : : ,� MOTION by Mr. Prairie, seconded by Mr. Meyer. to continue discussion on ttv.s item until more information is pravided by staff with respect to the management of the Civic Center caarage proj ect. 6. UPON A VOICE VOTE, ALL VOTING AYE, Cf11�IRPE�2SON CON�9ERS DECLARED THE MOTION C�,RRr�n Ui�,NIl�USLY. i�� � ����[iA Mr. Newman. stated if the HI�A vaas in agreenent in concept with entering into a Iease agre�nent �ith Coltunbia Park Properties for parking west of the C:tini-c (as outlined in Mr. Robertson' s memo da.ted May 6, agenda page 5), sta.ff would put together a lease for t,h.e HR.A to review at their next m�ting. N�. C�en�rs stated he would like staff to revica the ternns of t1�.e option to purchase and see how that was structured and whether those terms should z'c�na i n stn�.ctured the same way. It was the concensus of the HI2A for sta.ff to proceed. in drafting up a lease for HIZA review. 7. S'�'A'I'FTS REPpRT OF NSP TJI�IDERGROTJI�ID P�fiVII2 LIl�'� AT LAKE POIl�Fi'E : ^ I�. Nesnnnan. stated that at the last meeting, the HI�A authorized the appraval of-granting an easement for the NSP undergrowad power at Lake Pointe, subject to special legal coun.sel approval. At t1�.is time, they ha,ve not received. any response frc� Mr. Haik. - 8. C�S (1739-1750) : Mr. Pribyl stated. the en� n�?ring staff had submitted two it�ns for approval in -additiarz to the claims : (1) partial pa,ym�nt to W. B. Mil ler, Inc ., for repa.ir war�k to the Lake Pointe development site; and (2) Estimate #1 to Talberg Lawn & Landscape, Inc., for maintenance of Lake Pointe development site. - M0�!'IDN bY Mr'• Prair�-e. seconded by Mr. Meyer, to apprave the c:heck register as pre�nted-and to appz�ove a partial� payment to W. B. Miller, Inc. , for re�.i.r work to the Lake Pointe develo�anent site in the �otu�.t of $4, OOU; and to approve Estimate #1 t:o Talberg Lawn. & Landscape, Jnc., far maintenance of Lake Pointe develoXanent site in the amount of $4,580.36. UPON A VOICE VOTE, ALL VO'I'ING AYE, Q�A?�PF'g� (p� DEQ,ARED THE N.B�TION C�,RitIED UNANII�USLY. AUiT0UR1�1VT : N.BJTION by Mr. Prairie, seconded by Ms. Schnabel, to adjourn the meeting. ^ Upon a voice-vote, all voting aye. C�airperson Cc�uners declared the May 12; 1988, Housing & Redevela�nent Authority meeting adjourned at 8:47 p.m. � ,-� , ,.. , . � . ; H(WSIIVC & RED.E`7II10PN�T1'_ AUTHORITY MEE,`I'IN(=r MAY 12 � 1988 �'�"1 Respectfully Sul�c�i.tted, L Saba, Recor�; n� secreta.ry � � -10-