HRA Minutes

July 26, 2011

A special meeting of the Hopkins Housing and Redevelopment Authority was held July 26, 2011, at Hopkins City Hall.  Present were Chairman Eugene Maxwell and Commissioners Rick Brausen, Kristi Halverson, Bruce Rowan, and Cheryl Youakim.  Also present were Acting Executive Director James Genellie and Assistant Executive Director Kersten Elverum.

    The meeting was called to order at 6:32 p.m.
    1. Documents needed to close on Marketplace & Main project financing
      Ms. Elverum gave a brief overview and asked Mr. Steiner to provide a summary of the agreement and changes requested by the HRA.   Mr. Steiner explained that the agreement restates commitments previously made in the Contract for Redevelopment, formerly approved by the HRA.

      Commissioner Halverson moved, Commissioner Rowan seconded, to approve execution of a Master Subordination Agreement relating to the HRA’s lien and associated contracts for the Marketplace & Main project. The motion was approved unanimously.

    Commissioner Brausen moved, Commissioner Youakim seconded, to adjourn the meeting.  The motion was approved unanimously. The meeting adjourned at 6:40 p.m.

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