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8-7-2025 Housing and Redevelopment Authority August 7, 2025 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 Gordon Backlund Troy Brueggemeier Frank Inamagua Rachel Schwankl Absent Others Present Paul Bolin, Community Development Director Action Items 1. Approval of Expenditures Motion by Commissioner Brueggemeier to approve the expenditures. Seconded by Commissioner Backlund. Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously. 2. Approval June 5, 2025, Meeting Minutes Motion by Commissioner Brueggemeier to approve the meeting minutes of June 5, 2025, as presented. Seconded by Commissioner Schwankl. Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously. 3. Approval of HRA Meeting Dates for 2026 Paul Bolin, Community Development Director, reviewed the proposed HRA meeting dates for 2026. Housing and Redevelopment Authority Minutes Page 2 8/7/2025 Motion by Commissioner Backlund to approve the HRA meeting dates for 2026. Seconded by Commissioner Inamagua. Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously. 4. Approval of Resolution 2025-05 – Reassignment of TIF Note – Axle Apartments Mr. Bolin stated that Roers is selling the Axle Apartment building and, therefore, the TIF agreement between Roers and the City of Fridley will need to be reassigned to the new owner. Commissioner Schwankl referenced the outlot and asked if there has been development on that parcel or whether the outlot would become part of the sale. Mr. Bolin commented that the outlot is vacant and would be part of the sale. He was optimistic that the new owner would be able to develop something on the outlot. He confirmed that the property would continue to have on-site management. Motion by Commissioner Brueggemeier to approve HRA Resolution 2025-05, Reassignment of TIF Note – Axle Apartments. Seconded by Commissioner Schwankl. Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously. Informational Items 5. Update on Housing Programs Mr. Bolin provided an update on the June and July loan activity, as well as year-to-date information on the loans and programs. Adjournment Motion by Commissioner Backlund to adjourn the meeting. Seconded by Commissioner Inamagua. 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