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HomeMy WebLinkAboutHousing & Redevelopment Authority Minutes 08-28-2014APPROVED MINUTES PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY AUGUST 28, 2014 PRESENT: Chairman Jeff Kulaszewicz, Commissioner Toni Jelinek, and Commissioner Katie Black ABSENT: Commissioner Jim Willis and Commissioner Adam Schmitt STAFF PRESENT: Housing Program Manager Jim Barnes and Office Support Representative Tina Beckfeld OTHER: Grace Management Representative Jody Boedigheimer 1. CALL TO ORDER Chairman Kulaszewicz called the Plymouth Housing and Redevelopment Authority meeting to order at 7:02 p.m. 2. CONSENT AGENDA A. Approve HRA Meeting Minutes for July 24, 2014. B. Plymouth Towne Square. Accept Monthly Housing Reports C. Vicksburg Crossing. Accept Monthly Housing/Marketing Reports MOTION by Commissioner Jelinek, seconded by Commissioner Black to approve the consent agenda. Vote. 3 Ayes. MOTION passed unanimously. 3. NEW BUSINESS A. Elim Care. Bond refunding request for Cornerstone Commons Assisted Living in Plymouth. Housing Manager Barnes gave an overview of the staff report. He stated the 1/8 of one percent of the outstanding bond amount fee paid at closing by Elim Care. Commissioner Jelinek asked what the original interest rate was and what the new rate will be. Housing Manager Barnes explained bonds are issued in series using multiple interest rates. Commissioner Jelinek asked if the bonds were all issued at the same time. Housing Manager Barnes responded yes, they all are issued at the same times just different increments and different interest rates. Approved Plymouth Housing and Redevelopment Authority August 28, 2014 Page 2 MOTION by Chairman Kulaszewicz, seconded by Commissioner Jelinek the attached resolution related to the refunding of the tax exempt housing revenue bonds on behalf of Elim Care and Cornerstone Commons Assisted Living of Plymouth project. Vote. 3 Ayes. MOTION passed unanimously. B. Joint Meeting date with City Council, HRA and Planning Commission to discuss future economic development. Housing Manager Barnes stated the joint meeting with City Council, HRA and Planning Commission to discuss future economic development is slated for Tuesday September 30, 5:30- 8:00 p.m. location to be determined. The Urban Land Institute has been invited to give a presentation and have a panel discussion. Industry leaders will answer questions and share what other communities are doing for redevelopment of those types of areas. Ultimately the direction the city takes will be determined by the City Council, but the HRA and Planning Commissions will play an important advisory role. 4. ADJOURNMENT MOTION by Commissioner Jelinek, seconded by Commissioner Black, to adjourn the meeting at 7:16 p.m.