HRA Minutes 11-15-1982
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MINUTES
HOUSING & REDEVELOPMENT AUTHORITY MEETING
November 15, 1982 - 7:00 P.M.
Monticello City Hall
The regular meeting of the Monticello Housing and Redevelopment
Authority (HRA) was duly held at 7:00 P.M. on November 15, 1982
at the City Hall. Members present were Phil White, Jack Reeve,
Lowell Schrupp, Vic Vokaty and Don Cochran. Members absent: none.
Also present were City Administrator, Eidem, and Finance Director,
Wolfsteller.
1. Because when the appointments were made by the Mayor and rati-
fied by the Council, it was the Mayor's determination that
the setting of terms be left to the individual members of the
HRA, the selection of terms of service on the HRA was the first
order of business. After some discussion, the following terms
were agreed upon unanimously:
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Phil White 12/31/82
Jack Reeve 12/31/83
~d Schrupp 12/31/84
Vic Vokaty 12/31/85
Don Cochran 12/31/86
2. A motion by Reeve, seconded by Cochran and carried unanimously
designating Phil White as chairman of the HRA. Administrator
Eidem recommended that the HRA determine a regular meeting
time, but stressed that being in the early stages of tax in-
crement financing and in the reorganization of the HRA, more
meetings might be necessary to begin. All members concurred
that for the time being, the HRA will meet as needed to ex-
pedite the development of the tax increment plan, and that a
regular meeting time will be established at a later date.
3. Mr. Walt Hartman and Mr. Gary Winter from Holmes & Graven, Inc.
were present to discuss tax increment financing. Mr. Hartman
provided a detailed historical background of the tax increment
laws and expanded on some of the current uses. Administrator
Eidem explained where the City stood now in terms of their tax
increment plan development. Eidem noted that the redevelopment
plan was nearly completed, but that it was prepared largely by
City Staff since the HRA had not met up to this time. Eidem
explained that negotiations with lXI, Inc. had begun several
months ago and that IXI had expressed considerable interest
in tax increment financing and the benefits that they might
derive relating to land costs were the plans put into effect.
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