Housing & DevelopmentParks, Trails & RecreationPlanning & ZoningPermits & LicensesPublic SafetyPublic WorksInspectionsCity of Hopkins, MinnesotaCommunityCity HallCity of Hopkins, MinnesotaContact UsAbout This SiteCity of Hopkins, MinnesotaSearchThe Depot Coffee HouseHopkins Activity CenterHopkins Center for the ArtsHopkins PavilionOverpass Skate Park

February 3, 2004

A regular meeting of the Housing and Redevelopment Authority was held February 3, 2004, at Hopkins City Hall. Present were Chairman Eugene Maxwell, Commissioners Rick Brausen, Diane Johnson, Bruce Rowan, and Jay Thompson. Also present were Executive Director Steve Mielke, Assistant Executive Director Jim Kerrigan, City Planner Nancy Anderson, Housing & Development Coordinator Kersten Elverum, and City Attorney Jerry Steiner.

  1. Call To Order
    Chairman Maxwell called the meeting to order at 7:15 pm.
  2. Open Agenda - Public Comments & Concerns
    None
  3. Consent Agenda
    1. Approve minutes of the January 6, 2004, regular meeting
    2. Approve disbursements through January 31, 2004
      Commissioner Johnson moved, Commissioner Brausen seconded, to approve the consent agenda. The motion was approved unanimously.
  4. Old Business
    None
  5. New Business
    1. ITEM 2004-03 Subordination of Driskill's Loan.
      Mr. Kerrigan provided an overview of this item. He stated that this involved a new refinancing of the Hagen-owned property and the Driskill's grocery building, on which the HRA has a rehab loan. Commissioner Brausen moved, Commissioner Johnson seconded, to authorize approval of subordination and standstill agreement with Hagen Hopkins Properties, Lehman Brothers Bank, Donald F. Hagen Revocable Trust, and the Hagen Family Limited Partnership (re: the Driskills' Shorewood, Inc., loan), subject to the following: applicant pays all HRA legal and consultant fees required to review and facilitate loan subordination; subordination agreement is in a form acceptable to the City Attorney; and Driskill's Shorewood, Inc., the HRA, and the lender execute a document acceptable to the City Attorney, consenting to the subordination. The motion was approved unanimously.
  6. Adjournment
    Commissioner Brausen moved, Commissioner Thompson seconded, to adjourn the meeting. The motion was approved unanimously. The meeting adjourned at 7:28 pm.