10/08/13 - Laserfiche WebLink

Home

Motion by Commissioner Kuzma, seconded by Commissioner LeTourneau, to approve the following minutes: Regular Meeting Minutes dated July 9, 2013 Regular Meeting Minutes dated July 23, 2013 Regular Meeting Minutes dated August 27, 2013, as corrected Regular Meeting Minutes dated September 10, 2013 Special Meeting Minutes dated September 17, 2013 Motion carried. Voting Yes: Chairperson Backous, Commissioners Kuzma, LeTourneau, Johns, Strommen, and Tossey. Voting No: None. Absent: Commissioner Riley. 5. HRA BUSINESS 5.01: Approve Second Amendment to the Real Estate Contract Between the Ramsey HRA and McDonald's USA, LLC HRA Executive Director Ulrich reviewed the staff report and Second Amendment to the Real Estate Contract between the Ramsey HRA and McDonald's USA, LLC (McDonald's), noting the HRA had granted a 90 -day extension to extend the July closing date. The original request was for a six -month extension; however, a shorter 90 -day extension was negotiated and the HRA and McDonald's entered into the First Amendment to the Real Estate Contract with the extended closing date to October 9. Due to the fact that some open items remain prior to proceeding to close on the property, staff is requesting a 60 -day extension to December9, 2013. The items that remain to be completed prior to closing include: 1. Application for an Examiner's Directive from Anoka County Examiner of Titles; 2. Sign package; 3. Final soils agreement; and, 4. Final easements for recording at closing. It was noted the HRA has the option to not extend the contract, which would require McDonald's to either cancel the contract or waive all contingencies and close by October 23. Given that McDonald's may not be able to waive all contingencies by October 9 and the logistics of closing by October 23 are difficult, staff recommends a 60 -day extension. He stated there will be no costs for the HRA to consider this extension. Motion by Commissioner Tossey, seconded by Commissioner Strommen, to approve the Second Amendment to the Real Estate Contract between the Ramsey HRA and McDonald's USA, LLC, with an extension of the contingency period to December 9, 2013. Motion carried. Voting Yes: Chairperson Backous, Commissioners Tossey, Strommen, Johns, Kuzma, and LeTourneau. Voting No: None. Absent: Commissioner Riley. 5.02: Approve Extended Contract with Ehlers Financial Advisors for TIF Analysis HRA Executive Director presented the Proposal for Services for further analysis of TIF District #14, The COR, from Ehlers & Associates in a not -to- exceed amount of $5,000 to finalize the initial work performed under the first contract. It was noted the amendment is to add the task of performing drafting and analysis of special legislation to meet the City's TIF goals. Housing and Redevelopment Authority / October 8, 2013 Page 2 of 5