HRAM 10-3-2024
Housing and Redevelopment Authority
October 3, 2024
7:00 PM
Fridley City Hall, 7071 University Avenue NE
Minutes
Call to Order
Chairperson Showalter called the Housing and Redevelopment Authority meeting to order at 7:00 p.m.
Present
Elizabeth Showalter
John Buyse
Rachel Schwankl
Absent
Gordon Backlund
Troy Brueggemeier
Others Present
Nancy Abts, Associate Planner
Vickie Johnson, Development Consultant
Action Items
1. Approval of Expenditures
Motion by Commissioner Buyse to approve the expenditures. Seconded by Commissioner Schwankl.
Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously.
2. Approval September 5, 2024, Meeting Minutes
Motion by Commissioner Buyse to approve the meeting minutes of September 5, 2024 as presented.
Seconded by Commissioner Schwankl.
Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously.
3. Collateral Assignment of TIF – Sherman Associates
Nancy Abts, Associate Planner, stated that Sherman Associates has requested that the HRA approve
collateral assignment of TIF as it seeks refinancing. She noted that a similar request came forward in
June but ultimately Sherman decided not to purpose that refinancing. She provided an overview of
the request, assignment and related agreement.
Housing and Redevelopment Authority Minutes Page 2
10/3/2024
Motion by Commissioner Buyse to approve the collateral assignment of TIF as presented by Sherman
Associates. Seconded by Commissioner Schwankl.
Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously.
Informational Items
4. Update on 2024 Grant Programs
5. Update on Housing Programs
Ms. Abts reviewed the HRA loan program summary providing details for September and year-to-date
data. She provided an overview of the HRA housing programs and provided more detailed
information on the Front Door Grant program.
Adjournment
Motion by Commissioner Buyse to adjourn the meeting. Seconded by Commissioner Schwankl.
Upon a voice vote, all voting aye, Chairperson Showalter declared the motion carried and the meeting
adjourned at 7:13 p.m.
Respectfully submitted,
Paul Bolin, Staff Liaison