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05-05-2022 HOUSING AND REDEVELOPMENT AUTHORITY COMMISSION May 5, 2022 7:00 PM Fridley Civic Campus, 7071 University Avenue N.E. MINUTES CALL TO ORDER Chairperson Holm called the Housing and Redevelopment Authority Commission meeting to order at 7:00 p.m. PRESENT William Holm Elizabeth Showalter Rachel Schwankl Kyle Mulrooney Paul Bolin, HRA Assistant Executive Director Vickie Johnson, Development Consultant ACTION ITEMS 1. Approval of Expenditures Motion by Commissioner Mulrooney to approve the expenditures. Seconded by Commissioner Showalter. UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY. 2. Approval April 7, 2022, Meeting Minutes Motion by Commissioner Schwankl. to approve the meeting minutes of April 7, 2022 as presented. Seconded by Commissioner Mulrooney. UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY. INFORMATIONAL ITEMS 3. Adjustment to Purchase Agreement – Archer–Kath – 1358 Mississippi Street Mr. Bolin stated at the November HRA meeting, the HRA adopted a motion to approve the purchase of the property at 1358 Mississippi authorizing staff and the Chair to make any changes and sign any documents necessary for the closing. He stated that at that time the selling price was estimated to be $170,000 with a closing to occur by Thanksgiving. He stated that the seller had a number of issues arise and they were unable to close until April when the purchase price rose from $170,000 to $175,000. He stated that the City is asking the HRA to adopt a motion recognizing that increase. Housing and Redevelopment Authority Commission Minutes Page 2 5/05/2022 The Commission asked and received confirmation that the closing has occurred. MOTION by Commissioner Showalter to approve the final purchase price of $175,000 for the property at 1358 Mississippi Street. Seconded by Commissioner Schwankl. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON HOLM DECLARED THE MOTION CARRIED. 4. Approval of Resolution 2022-03 Related to Completion of Work at Old City Hall Campus Mr. Bolin provided background information on the old City Hall campus noting that prior to the sale of the property, it was agreed that the HRA would take on the redevelopment expenses, run the land sale, reimburse itself and the remaining funds would go back to the City. He stated that following the land sale there was approximatley $1,000,000 left in the fund and it was determined that it was more advantageous for the City for the HRA to hold those funds for future efforts. He provided details on a potential public improvement project related to the University Service Road which has an estimated cost of $200,000. He stated that the City has requested the HRA to assist with the project. The Commission asked details about streetscape and trees. Mr. Bolin provided additional details. MOTION by Commissioner Showalter to adopt Resolution 2022-03 Related to Completion of Work at Old City Hall Campus. Seconded by Commissioner Schwankl. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON HOLM DECLARED THE MOTION CARRIED. INFORMATIONAL ITEMS 5. Update on Housing Programs Mr. Bolin provided an overivew of the HRA loan program summary for April and year to date. He also provided similar information for remodeling advisor and Home Energy Squad visits. He provided a an overview of the HRA grant programs summary. He also provided an estimate on the number of residents that may be joining Fridley as residents through the new apartment complexes. ADJOURNMENT MOTION by Commissioner Mulrooney to adjourn the meeting. Seconded by Commissioner Schwankl. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON HOLM DECLARED THE MOTION CARRIED AND THE MEETING ADJOURNED AT 7:20 P.M. Respectfully submitted, Melissa Moore City Clerk