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Motion by Commissioner Ramsey, seconded by Commissioner Tossey, to approve the following <br />minutes: <br />Regular Meeting Minutes dated November 7, 2011 <br />Work Session Meeting Minutes dated November 15, 2011 <br />Special Meeting Minutes dated November 15, 2011 <br />Regular Meeting Minutes dated December 13, 2011 <br />Motion carried. Voting Yes: Chairperson McGlone, Commissioners Ramsey, Tossey, Backous, <br />Elvig, Strommen, and Wise. Voting No: None. Absent: None. <br />HRA BUSINESS <br />Case #1: Consider Deviations from the Current Policy on Distribution of Land Sale <br />Proceeds for Potential Funding of the Sunwood Drive Realignment <br />HRA Executive Director Nelson reviewed the staff report and indicated the City Council had <br />discussed and determined to rely on funding from grant applications, TIF funding, and <br />undesignated reserves. The City Council also indicated that deviating in the policy relating to <br />funding from land sales proceeds would be a last resort to fill the funding gap The City Council <br />determined to move forward with engineering for the Sunwood Drive realignment, which will be <br />considered again by the City Council once the study is completed. <br />Motion by Commissioner Ramsey, seconded by Commissioner Elvig, to postpone indefinitely. <br />Motion carried. Voting Yes: Chairperson McGlone, Commissioners Ramsey, Elvig, Backous, <br />Strommen, Tossey and Wise. Voting No: None. Absent: None. <br />EXECUTIVE DIRECTOR'S REPORT <br />HRA Executive Director Nelson indicated the HRA will not meet on January 31, 2012, and <br />reported on the items that will be considered at the February 14, 2012, meeting. She provided an <br />update on project negotiations and the ICSC Conference. The HRA asked staff to contact Anoka <br />County about the potential for a local conference. <br />COMMISSIONER INPUT <br />Commissioner Elvig requested an update on the Toti /Suite Living contract. <br />Development Manager Lazan stated he had a discussion with Toti /Suite Living prior to the <br />January 15, 2012, deadline but did not put an extension together because Toti /Suite Living is <br />exploring closing the property in part and completing the close in the spring, and another option <br />is for an extension to spring. Development Manager Lazan stated he had asked Toti /Suite Living <br />to gather their refreshed financing documents and redo the term sheet. He indicated Toti /Suite <br />Living had moved two other projects out of the way so he is confident they will move forward. <br />Development Manager Lazan stated he will report again at the February 14, 2012, meeting. <br />Housing and Redevelopment Authority / January 24, 2012 <br />Page 2 of 5 <br />