1989 05 15HOUSING AND REDEVELOPMENT AUTBORITY MINUTES
MAY 15, 1989
CALL TO ORDER: Chairman Whitehill called the meeting to order at
9:00 p.m. Members present: Commissioners Whitehill, Swenson,
Horn, Bohn and Robbins. Also present were Don Ashworth,
Executive Director and Todd Gerhardt, Assistant Executive
Director.
APPROVAL OF MINUTES: Motion by Swenson, seconded by Born to
approve the April 20, 1989 minutes as presented. All voted in
favor and the motion carried.
UPDATE REGARDING THE KALLESTAD PROPERTIES AND LOREN ANDERSON
ACQUISITION: Ashworth explained the progress to date regarding
his negotiations with Kallestad Properties (Pony Express).
Ashworth further explained that he felt the HRA could have
ownership of the building by mid to late summer. The HRA was not
opposed to the Pony Express operating their facility as a
bar/restaurant for the next two years.
Ashworth further explained the progress regarding the clean-up of
the Loren Anderson site. Staff felt that by the BRA's June
meeting that the PCA will be able to disclose their plans on the
amount of materials needed to be removed from the site and the
costs associated with this work. Staff will be keeping the HRA
informed of any changes that may occur before the HRA's June
meeting. No further action was taken on either of these items.
'CONSIDERATION OF SPECIAL ASSESSMENT AGREEMENT~ LAKESHORE EQUIPMENT:
Gerhardt explained the request from Lakeshore Equipment for spe-
cial assesment assistance for the development of a 7,200 sq. ft.
office/warehouse on Lot 2, Block 3, Chanhassen Lakes Business
Park. The estimated amount of incentives available total
$43,272. The total amount of special assessments against the
property are $40,272.00.
Motion by Whitehill, seconded by Swenson to approve the Special
Assessment Agreement with Lakeshore Equipment and authorize the
Chairman and Executive Director to execute the agreement. All
voted in favor and the motion carried.
CONSIDERATION OF SPECIAL ASSESSMENT AGREEMENT~ PAISLEY PARK/PRN
MUSIC CORPORATION: Gerhardt explained the request from PRN Music
Corporation for special assessment assistance for the development
of a 46,150 sq. ft. recording facility on Lot 11, Block 1,
Chanhassen Lakes Business Park. The estimated amount of incen-
tives available total $768,957. The total amount of specials
against the property are $87,957.00.
Motion by Bohn, seconded by Horn to approve the Special
Assessment Reduction Agreement with PRN Music Corporation and
authorize its execution by the Chairman and Executive Director.
All voted in favor and the motion carried.
HOUSING AND REDEVELOPMENT AUTHORITY
MAY 15, 1989
PAGE 2
APPROVAL OF BILLS: Motion by Whitehill, seconded by Swenson to
approve the bills as presented. Ail voted in favor and the
motion carried.
ADJOURNMENT: Motion by Whitehill, seconded by Horn to adjourn
the meeting at 9:45 p.m. All voted in favor and the motion
carried.
Minutes Prepared by Todd Gerhardt, Assistant Executive Director