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5. HRA BUSINESS <br />5.01: Consider Approval of Agreement related to the Relocation of Sunwood Drive — City <br />of Ramsey — The Housing and Redevelopment Authority and the City of Ramsey <br />Development Manager Lazan reviewed the staff report and advised that earthwork was included <br />in the agreement as an option, should materials be readily available. <br />City Engineer Himmer provided an update on potential options to obtain fill. <br />Motion by Chairperson McGlone, seconded by Commissioner Tossey, to approve entering into <br />an Agreement with the City of Ramsey for the construction of Sunwood Drive. <br />Motion carried. Voting Yes: Chairperson McGlone, Commissioners Tossey, Backous, Elvig, <br />Ramsey, Strommen, and Wise. Voting No: None. <br />5.02: Consider Proposal to Complete Platting Necessary in The COR <br />Development Manager Lazan reviewed the staff report and explained the intent to create parcels <br />only where there are active deals with the remainder being held as outlots for future <br />development. He assured the HRA that flexibility within the property will be maintained to <br />react to the user and/or market. <br />HRA Executive Director Ulrich stated his support of the proposal as it gets the HRA one step <br />closer to better defining this land and positioning it for sale. <br />Motion by Commissioner Ramsey, seconded by Commissioner Wise, to approve the proposal <br />from Landform Professional Services and direct the development team to prepare preliminary <br />and final plats necessary to obtain approvals and record. <br />Motion carried. Voting Yes: Chairperson McGlone, Commissioners Ramsey, Wise, Backous, <br />Elvig, Strommen, and Tossey. Voting No: None. <br />5.03: Adopt Resolution #HRA 12 04 - XXX Authorizing Execution of a Pledge Agreement <br />HRA Executive Director Ulrich reviewed the staff report. <br />Motion by Commissioner Ramsey, seconded by Commissioner Wise, to adopt Resolution #HRA <br />12 -04 -006 Authorizing Execution of a Pledge Agreement. <br />Further discussion: Development Manager Lazan answered questions of the Commissioners <br />relating to the terms of the agreement and unequivocal guarantee by Mr. Flaherty to personally <br />guarantee both loans in the same fashion. He indicated there has been considerable discussion <br />on additional puts and Mr. Flaherty has indicated his support to do so. <br />Housing and Redevelopment Authority / April 24, 2012 <br />Page 2 of 4 <br />