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1983 03 24 Minutes e Chanhassen Housing and Redevelopment Authority Regular Meeting March 24,1983 Call To Order Chairman Gullickson called the meeting to order at 7:30 p.m. Present were Commissioners Horn, Bohn, and Gullickson. Absent was Whitehill. Also present was Mayor Hamilton, Councilpersons Watson and Geving; Ashworth and Martin. Russell arrived at 7:50 p.m. Approval of Minutes Horn moved, seconded by Bohn, to approve the minutes of the February 17, 1983 meeting, as presented. All voted in favor and the motion carried. Presentation of Supermarket Pro Formas by Retail Systems, Inc. e Don Klemp of Retail Systems, Inc. presented several revised pro formas and sales projections for a new downtown Chanhassen Supermarket. He concluded that a supermarket could be profitable if the City provided the operator with a substantial subsidy to reduce start-up costs and operating costs during the first several years of operation. He agreed to meet with any prospec- tive firms interested in Chanhassen to review the study with them. No action was taken on this item. Presentation of Feasibility Study for Adaptive Reuse of Old Instant Web Building: BRW,Inc. Mark Swenson of BRW, Inc. presented the Instant Web adaptive reuse study recently completed by his firm. Discussion centered around the existing and potential future reuse of the building, which special emphasis on conversion to recreational/community center uses. Mayor Hamilton distributed a memorandum to the HRA which con- tained specific recommendations concerning the future role of the Downtown Project Steering Committee. No action was taken on this item. Status Report on Downtown Project Financing Martin reported that a sale date of April 26, 1983 has been set for the sale of bonds to refinance and restructure the Bonds of 1981. . Assessment Reduction Program Agreement: Chanhassen Lakes Business Center Horn moved, seconded by Bohn, to approve Resolution #83-2 Approving the Assessment Agreement for Chanhassen Lakes Business Center. All voted in favor and the motion carried. 1- - ----- __",,_ c__~_ - e e . Minutes March 24, 1983 Page 2 Approval of Bills Bohn moved, seconded by Horn, to approve the bills for March, 1983, as presented. All voted in favor and the motion carried. New Business The regular April meeting was postponed until May 5, 1983 so that the outcome of the proposed Bond Sale would be available. Adjournment Horn moved, seconded by Bohn to adjourn the meeting at 9:45 p.m. All voted in favor and the motion carried.