HRA Minutes 01-19-1983MINUTES
HOUSING 6 REDEVELOPMENT AUTHORITY MEETING
January 19, 1983 - 8:00 P.M.
Members Present: Jack Reeve, Don Cochran, Bud Schrupp, Vic Vokaty,
Phil h'hite and Tom Eidem.
Members Absent: None.
Acting Chairman Cochran called the meeting to order. There was a
motion by White to appoint Cochran the Chairman of the HRA for 1983.
A point of information was raised concerning the potential conflict
that is being investigated as to whether or not Cochran can serve
on both the Planning Commission and the HRA. White withdrew the
motion, motion by Reeve, seconded by Schrupp and carried unani-
mously appointing Phil White as Chairman of the HRA for the year
of 1983. Administrator Eidem reviewed the reason for the special
meeting. Cochran and Reeve, who had taken the Poehler housing
Froposal to the Planning Commission reported that there were no
objections voiced by that Commission. The Planning Commission
also noted that if rezoning will be required, they are likely to
look favorably upon it. Eidem discussed various possibilities for
acquiring and/or granting options on Lots 13, 14 and 15, Block 51,
to promote this development. A motion by Cochran, seconded by
Reeve and carried unanimously to offer the City Council $1.00 and
other good and valuable consideration in exchange for a contingency
option on Lots 13, 14 and Lot 15, less the south 15 feet of Block 51,
City of Monticello, said option to have a term of one year. Eidem
noted that he will take this offer to the City Council on January 24th.
Considerable discussion again followed regarding Mr. Poehler's request
not only for an option, but that his project be considered for tax
increment financing. When Mr. Poehler came before the HRA on Jan-
uary 5th, he noted that his request for an option also included the
request for tax increment financing since according to his figures
at that time, he would need both to make it financially operative.
Eidem pointed out that any motion now by the HRA to grant Mr.
Poehler an option on the land would at least imply that Mr. Poehler
has been given tentative approval for a tax increment financing
package. Eidem did note that when the data becomes more finalized,
it still will be absolutely critical that all the numbers make the
plan a workable plan and that the HRA is not bound by going ahead
with this if it becomes economically unfeasible. A motion by Schrupp,
second by Vokaty and carried unanimously to offer to Joe Poehler, a
developer, a contingent option on Lots 13, 14 and 15, less the south
15 feet of Block 51, City of Monticello, for the amount of $200, said
option for the express purpose of preparing and submitting a loan
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HAA Minutes - 1/19/83
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application to Farmers Home Administration for the purpose of construc-
ting low/moderate income elderly housing, and further, said option shall
expire at 5:00 P.M. on May 9, 1983. A motion by Reeve, seconded by
Cochran and carried to set the next HRA meeting for February 9th, 1983
at 6:30 P.M. in the City Hall. There being no other business, White
adjourned the meeting for the HRA.
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Thomas A. Eidem
City Administrator
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