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04-06-2023 Housing and Redevelopment Authority April 6, 2023 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 Rachel Schwankl Kyle Mulrooney Joe Starks, Finance Director Action Items 1. Approval of Expenditures Motion by Commissioner Mulrooney to approve the expenditures. Seconded by Commissioner Backlund. Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously. 2. Approval March 2, 2023, Meeting Minutes Motion by Commissioner Brueggemeier to approve the meeting minutes of March 2, 2023. Seconded by Commissioner Schwankl. Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously. 3. Approval of HRA Resolution No. 2023-09 Approving Interfund Loans Associated with the Proposed Moon Plaza Redevelopment Project Joe Starks, Finance Director, explained that an interfund loan would allow the authority to recover the staff costs associated with a project before tax increment is received to reimburse. Motion by Commissioner Backlund to adopt HRA Resolution No. 2023-09 approving an interfund loan between the HRA and General Fund and the TIF District #26. Seconded by Commissioner Mulrooney. Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously. Housing and Redevelopment Authority Minutes Page 2 4/6/2023 4. Approval of HRA Resolution No. 2023-10 Authorizing Execution and Delivery of a Contract for Private Redevelopment between the HRA in and for the City of Fridley and Roers Fridley Apartments Owner II, LLC Mr. Starks stated that in February the HRA approved the Development Agreement with Roers Companies for the Moon Plaza project. He stated that since then a new LLC was created for the project and therefore needs to be recognized within the Development Agreement. Motion by Commissioner Brueggemeier to adopt HRA Resolution No. 2023-10 authorizing execution and delivery of a contract for private redevelopment between the HRA in and for the City of Fridley and Roers Fridley Apartments Owner II, LLC. 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. Starks noted that the update was provided in the packet for the HRA to review. Commissioner Schwankl asked if the grant program is going to be closing soon. Chairperson Showalter believed that applications were requested to be submitted in March. Mr. Starks noted that he could have the appropriate staff provide that response. Adjournment Motion by Commissioner Mulrooney to adjourn the meeting. Seconded by Commissioner Backlund. Upon a voice vote, all voting aye, Chairperson Showalter declared the motion carried and the meeting adjourned at 7:06 p.m. Respectfully submitted, Melissa Moore City Clerk