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HRA BUSINESS <br />Case #1: Adopt Resolution Approving Proposed 2012 HRA Levy <br />Finance Director Lund reviewed the staff report. <br />Motion by Commissioner Ramsey, seconded by Commissioner Wise, to adopt Resolution <br />#HRA-11-09-005 authorizing the approval of the proposed 2012 HRA levy in the amount of <br />$368,549. <br />Further discussion: Commissioner Ramsey asked if the extra dollars will be placed into the <br />HRA fund from the opening of The COR. Finance Director Lund stated that at the next meeting <br />Council will be asked to authorize a transfer for $130,000 to the HRA fund. <br />Motion carried. Voting Yes: Chairperson Elvig, Commissioners Wise, Backous, McGlone, <br />Ramsey, Strommen, and Tossey. Voting No: None. Absent: None. <br />Case #2: Consider Amendment to Purchase Agreement — The Residence at The COR <br />HRA Executive Director Nelson reviewed the staff report. <br />Chair Elvig asked if there will be a worksession scheduled prior to the next regular meeting of <br />September 27 that will include full documentation of the project. HRA Executive Director <br />Nelson said there is no plan for a worksession prior to the September 27 regular meeting, adding <br />the outline is consistent with what was agreed to in the August 23 meeting. <br />Motion by Commissioner Ramsey, seconded by Commissioner Wise, to approve the revised <br />Fourth Amendment to the Purchase Agreement for The Residence at The COR and direct the <br />development team to execute the agreement as a replacement for the previously approved <br />amendment. <br />Further discussion: Commissioner Tossey said there have been too many amendments to this <br />purchase agreement so he will be voting no. <br />Motion carried. Voting Yes: Chairperson Elvig, Commissioners Ramsey, Wise, Backous, and <br />McGlone. Voting No: Tossey and Strommen. Absent: None. <br />EXECUTIVE DIRECTOR'S REPORT <br />HRA Executive Director Nelson requested that their scheduled tour of the metro area' s mixed <br />uses be changed from October 4 to October 3 in order to allow the developer the opportunity to <br />meet with Commissioners during the day on October 4 to provide an update on plans and efforts <br />and ask for feedback. She said this schedule will also allow for attendance at the conference for <br />The COR. HRA Executive Director Nelson noted that both the tours and meetings will be <br />posted. <br />Housing and Redevelopment Authority / September 13, 2011 <br />Page 2 of 3 <br />