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5. HRA BUSINESS <br />5.01: Review Agreement with PSD regarding Master Declaration Resolution <br />Development Manager Lazan reviewed the staff report. <br />Motion by Commissioner Wise, seconded by Commissioner Ramsey, to approve the proposed <br />binding agreement outlining the resolution of issues related to the Master Declaration for <br />Ramsey Town Center and direct staff to make necessary modifications, execute the Agreement, <br />and work to complete the items outlined. <br />Further discussion: The HRA extended its appreciation to Development Manager Lazan for <br />completing this negotiation. <br />Motion carried. Voting Yes: Chairperson McGlone, Commissioners Wise, Ramsey, Backous, <br />Elvig, Strommen, and Tossey. Voting No: None. <br />5.02: Consider Proposal for Additional Traffic Analysis in The COR <br />Development Manager Lazan reviewed the staff report and answered questions of the HRA <br />relating to the housing forecast established in the Ramsey Town Center of 2,500 units and <br />finding that number of units would generate far more traffic than originally contemplated. In <br />addition, there had been reduction in housing units as a result of converting townhomes to retail <br />and finding the market and transportation system would not support 2,500 units. He noted the <br />AUAR contemplated two entrances on Armstrong Boulevard but only one mid -point entrance <br />will be allowed, creating another limiting factor. <br />Senior Planner Gladhill reviewed discussions held with Metropolitan Council staff and feedback <br />concerning funding provided, wanting to assure its resources match the plan and Ramsey is still <br />reaching housing goals. <br />Motion by Commissioner Ramsey, seconded by Commissioner Elvig, to approve an expenditure <br />of up to $5,000 of the $40,000 optional budget to conduct a traffic analysis in The COR to more <br />accurately assess potential housing unit counts. <br />Motion carried. Voting Yes: Chairperson McGlone, Commissioners Ramsey, Elvig, Backous, <br />Strommen, Tossey and Wise. Voting No: None. <br />6. EXECUTIVE DIRECTOR'S REPORT <br />HRA Executive Director Ulrich provided updates on the recent rail work and attendance at the <br />upcoming ICSC Conference. <br />Development Manager Lazan reported on The Residence ground breaking, future agenda items, <br />and May 17, 2012, bus tour. <br />Housing and Redevelopment Authority / May 8, 2012 <br />Page 2 of 3 <br />