HRA Minutes

February 6, 2007

A regular meeting of the Hopkins Housing and Redevelopment Authority was held February 6, 2007, at Hopkins City Hall.  Present were Chairman Eugene Maxwell, Commissioners Kristi Halverson, Bruce Rowan, and Jay Thompson.  Cheryl Youakim arrived late. Also present were Executive Director Rick Getschow, Planning & Economic Development Director Jim Kerrigan, Housing and Development Coordinator Kersten Elverum, and City Attorney Jerry Steiner.

  1. Call To Order
    The meeting was called to order at 7 p.m.
  2. Open Agenda/Public Comments
    None
  3. Consent Agenda
    1. Approve minutes of the January 2, 20076, regular meeting
    2. Approve disbursements through January 31, 2007
    3. ITEM 2007-05  Adopt Resolution 444 regarding interfund loan
      Commissioner Thompson moved, Commissioner Rowan seconded, to approve the consent agenda.  The motion was approved unanimously.
  4. New Business
    1. ITEM 2007-04  Redevelopment Agreement with Marketplace Holdings, LLC, re: Marketplace & Main Project
      Ms. Elverum provided an overview of this item.   She stated it would be a two-phase project.  She stated the redevelopment agreement details project timing and other project issues.
          Ron Mehl of the Beard Group discussed the current status of the project. He said there will be 44 condominiums and 13 townhomes--7 between Sixth and Seventh Avenues and 6 between Seventh and Eighth Avenues.  He said the goal is to get 58 percent pre-sales on the condos in the fall of 2007. The sales office will be open by March 28, 2007.  Mr. Mehl detailed minor changes to the project as it was previously proposed by The Cornerstone Group. He said there will be no changes to the south elevation along Mainstreet for the condo building.  He said site acquisition is scheduled for March 12, 2007.
          Commissioner Rowan moved, Commissioner Halverson seconded, to approve the Contract for Private Redevelopment Between the Hopkins Housing & Redevelopment Authority and Marketplace Holdings, Inc.  The motion was approved unanimously.
  5. Adjournment
    Commissioner Halverson moved, Commissioner Youakim seconded, to adjourn the meeting.  The motion was approved unanimously. The meeting adjourned at 7:30 p.m.