. YOU I WOULD LIKE TO CALL TO ORDER THE TUESDAY FEBRUARY 24TH HRA MEETING.
FIRST ITEM IS APPROVAL OF THE AGENDA. ARE THERE ANY EDITS OR CHANGES ? MAY I HAVE A MOTION TO APPROVE THE AGENDA SO MOVED MOVE BY COMMISSIONER CARTER.
SECOND AND SECOND BY COMMISSIONER WHO CAME WE NEED TO DO A ROLL CALL VOTE . COMMISSIONER ROBERTSON I AND
COMMISSIONER EASY IS NOT PRESENT TODAY. COMMISSIONER WHO AM I? COMMISSIONER CARTER I.
COMMISSIONER DOLLINGER I. COMMISSIONER IT WOULDN'T BE A WEBEX I CHAIR MILLER I SO
MOTION PASSES 6 TO 0 WE HAVE ONE CONSENT ITEM AND THAT IS THE FEBRUARY 10TH 2026 HRA
BOARD MEETING MINUTES. SO WOULD ANYONE LIKE TO PULL THIS FOR DISCUSSION OR HEARING NONE. THEN I NEED A MOTION TO
APPROVE THIS CONSENT ITEM SO MOVED BY COMMISSIONER DOBLER SECOND AND SECOND BY COMMISSIONER ROBERTSON MAY WE HAVE THE ROLL CALL VOTE?
COMMISSIONER ROBERTSON I. COMMISSIONER. WHO AM I? COMMISSIONER CARTER I'M. COMMISSIONER DÖPFNER ALL RIGHT .
COMMISSIONER WHAT? NBA WEBEX I. CHAIR MUELLER I. MOTION PASSES 6 TO 0.
NOW WE ARE ON TO NEW BUSINESS WHICH IS A PUBLIC HEARING ON THE PROPOSED SALE OF THESE THREE FOUR DIFFERENT PROPERTIES.
DO WE NEED TO DO SOMETHING TO OPEN AND CLOSE THIS? I'M SORRY THEY WILL JUST WAIT FOR OH, GOT IT.
ALL RIGHT. SO MAY WE HAVE THE STAFF REPORT? >> THANK YOU, CHAIR. COMMISSIONERS, I'M HERE TODAY
TO TALK ABOUT WE'LL HAVE A PUBLIC HEARING FOR CONVENE LAND FOR FOUR PROPERTIES THAT THE ATTORNEY OWNS FOR THE BLOOMINGTON AFFORDABLE
HOMEOWNERSHIP PROGRAM . THERE YOU GO. JUST A QUICK REFRESHER AND BACKGROUND. WE'VE TALKED A LOT ABOUT THIS PROJECT FOR FOR THE SAKE OF THE RECORD.
WE HAVE THE BLOOMINGTON AFFORDABLE HOMEOWNERSHIP PROGRAM WHICH IS PRIMARILY FUNDED THROUGH A GRANT FROM MINNESOTA HOUSING TO DEVELOP 27 SINGLE TWO FAMILY OWNER OCCUPIED HOMES.
THERE ARE AFFORDABLE TO HOUSEHOLDS MAKING 80% AREA MEDIAN INCOME. WE HAVE ANOTHER PHASE THAT'S WORKING WITH TWIN CITIES HABITAT CURRENTLY.
THIS PHASE WE'RE CALLING PHASE TWO WILL BE WORKING WITH TWO DEVELOPERS OUTLAW DEVELOPMENT AND MAGNOLIA HOMES. AS YOU RECALL WE DID AN RFP FOR PROPOSALS AND SELECTED
THESE TWO DEVELOPERS. SO THIS IS THE NEXT STEP NOW THAT WE'RE MOVING FORWARD WITH THE DEVELOPER DEVELOPERS. WE HAD FOUR LOTS IDENTIFIED IN THAT RFP.
ONE AT 1210 WEST 82ND STREET, ONE AT 8935. STEVENS ONE AT 8313 BLEASDALE. AND THEN ONE AT 101 17 FIRST
AVENUE. SO WE ACQUIRED THESE OVER THE YEARS IN A COUPLE OF DIFFERENT WAYS THE 82ND STREET LOT WE ACQUIRED AS RIGHT AWAY ACQUISITION OUR PUBLIC WORKS
DEPARTMENT HAD THAT. AND AS YOU RECALL WE WERE ABLE TO ACQUIRE THOSE LOTS FROM THE PUBLIC WORKS DEPARTMENT AS THEY WERE NO LONGER NEEDED FOR RIGHT OF WAY.
SO THAT WAS PART OF THE HUMBOLDT LOTS THAT WAS ACTUALLY INCLUDED IN THOSE THAT TWIN CITIES HABITAT IS WORKING ON. THE OTHER TWO YOU SEE STEVENS AND BLAZE DALE WE PURCHASED WITH COMMUNITY DEVELOPMENT BLOCK GRANT.
THEY WERE BLIGHTED PROPERTIES. WE PURCHASED THEM TORE DOWN THE THE BLIGHTED HOMES AND NOW WILL GO TO AN AFFORDABLE HOMEOWNER. AND THEN SIMILARLY WE USED HRA
FUNDS FOR A SIMILAR ACTIVITY AT THE FIRST AVENUE LOT. SO YOU CAN SEE WHERE THEY'RE LOCATED. THAT 82ND STREET IS NEAR THE
35 W AND THE OTHERS ARE YEAH. THE TWO IN YELLOW ARE THE TWO LOTS THAT WOULD BE GOING TO DEVELOPMENT AND THE TWO IN RED ARE THE TWO BLOCKS THAT WOULD BE GOING TO MAGNOLIA HOMES.
AND TO GIVE YOU AN OVERVIEW SO 82ND STREET HERE YOU CAN SEE THAT'S THE 35 W ONRAMP THERE. SO THERE WAS A HOME PREVIOUSLY THERE. WE WERE THINKING THAT WE NEED TO EXPAND THAT FOR RIGHT AWAY
FOR MORE ACCESS TO THE ONRAMP BUT YOU KNOW BEST PLANNING THINGS CHANGED. WE NOW HAVE DIFFERENT ENTRANCE RAMP CONFIGURATION. WE NO LONGER NEED THAT EXTRA
RIGHT OF WAY SO WE CAN PUT A NEW HOME BACK ON THERE THAT THE LOT ON THE RIGHT THE PLAYS DOWN SIMILAR SITUATION THAT WAS BLIGHTED TORN DOWN VACANT LOT READY FOR DEVELOPMENT THAT
USED TO AGAIN BLIGHTED AND TORN DOWN THERE A LITTLE BIT LARGER LOTS THERE AT THE TIME WERE OCCUPIED BY SINGLE FAMILY HOMES BUT DUE TO THE ZONING
CODE STANDARD UPDATES WE NOW CAN ACTUALLY FIT TWO FAMILY HOMES ON BOTH OF THEM. SO SLIGHTLY MORE DENSITY IN THE NEIGHBORHOOD. AND YOU CAN SEE THEY'RE REALLY WELL SITUATED BY THE PARKS. THEY LOOK VERY SIMILAR BUT
THEY'RE ACTUALLY IN COMPLETELY DIFFERENT PARTS OF THE CITY. SO SOME KEY TERMS AS WE KNOW AT 80% THERE'S STILL GOING TO
BE A GAP EVEN WITH THE GRANTS THAT WE RECEIVE. SO WE'RE PROPOSING TO SELL THESE LOTS FOR A DOLLAR. SO ESSENTIALLY A LAND WRITE DOWN KNOWING THAT WE UTILIZE
VARIOUS FUNDING SOURCES TO ACQUIRE THEM IN THE FIRST PLACE. SO I JUST PUT ROUGHLY $100,000 YOU KNOW THE LOTS VARY BUT FOR ALL INTENTS AND PURPOSES
THEY'RE GETTING A LOT FOR A DOLLAR OUT. I WOULD DO THE TWO TO SINGLE FAMILY AND MAGNOLIA WOULD BE DOING TO TWO FAMILIES WITH
THIS PURCHASE AGREEMENT. THIS IS THE FIRST STEP. THIS WOULD ALLOW THEM ACCESS TO THE SITE AND SITE CONTROLS SO THEY CAN START NEGOTIATING WITH THEIR LENDERS. I WILL COME BACK AND A SHORT PERIOD HERE TO DO A
DEVELOPMENT AGREEMENT THAT WILL OUTLINE TO GET INTO SOME DETAILS ABOUT FUNDING REAL SPECIFICS ON TIMELINE AND WHAT HAPPENS IF THEY DON'T MEET
THOSE MILESTONES AND WHAT DO WE DO WITH THE PROPERTY. BUT IT REALLY THAT WILL OUTLINE A LOT OF THOSE DETAILS TO THAT AFFORDABLE COVENANT. THIS IS KIND OF THAT FIRST STEP THAT GIVES THEM THE THAT
SITE CONTROL TO START MOVING INTO THE NEXT PHASE. THE TOTAL DEVELOPMENT COSTS FOR THE SINGLE FAMILY HOMES IS A LITTLE BIT OVER 600,000 PER UNIT. AND THEN WITH THE TWO FAMILY
IT'S ABOUT $1 MILLION A LITTLE BIT MORE THAN $1 MILLION. BUT YOU'RE GETTING TWO UNITS THERE. SO IN QUARTER ONE HERE WILL
CONVEY THE LAND THAT PLAYS DALE PROPERTY ACTUALLY WASN'T UNPLANTED LOT SO WE HAVE TO GO THROUGH THE PLANNING PROCESS AND THEY'VE ALREADY STARTED INITIATING THAT AND HAVE THE SURVEYOR WORKING THE
APPLICATION IN AND AT THE CITY AND THEN ONCE WE GET THROUGH DEVELOPMENT AGREEMENT AND PURCHASE AGREEMENT HERE THEY'LL START TO DO SOME CONSTRUCTION. IT'S READY TO GO. THEY WANT TO START CONSTRUCTION HERE IN THE
SPRING. MAGNOLIA HOMES WILL LIKELY START A LITTLE BIT LATER PROBABLY END OF SUMMER OR EARLY FALL BEFORE THEY ACTUALLY START CONSTRUCTION THEIR HOME. BUT THEY'LL CONTINUE TO DO
CONSTRUCTION THROUGHOUT THIS YEAR AND LOOK TO SELL THOSE HOMES EITHER LATE IN ORDER FOR OR LIKELY QUARTER 1 IN 2027
MEANING OUR GRANT DEADLINE. SO THIS IS A REAL HIGH LEVEL ESTIMATE OF KIND OF COSTS JUST SO YOU HAVE AN IDEA OF WHY WE'RE DOING THE LAND WRITE DOWN AND THEN WE'LL GET MORE
INTO DETAIL. WE'RE WORKING ON PRO FORMA. IT IS RIGHT NOW WITH EACH DEVELOPER AND THEY'LL BE PART OF THE DEVELOPMENT AGREEMENT THAT WILL BRING BACK TO THE HRA.
BUT JUST TO GIVE YOU AN IDEA RIGHT NOW 80% RMI THE SALE PRICE WOULD THEN BE CAPPED AT 306,000 AND THAT WILL SHIFT POSSIBLY NEXT YEAR IF INCOMES
GO UP OR DOWN THAT CAN VARY EACH YEAR. THAT'S STANDARD. WE HAVE THE LAND RIGHT DOWN IN THERE. WE HAVE I PUT IMPACT FUNDS TO
MAJOR IMPACT FUNDS. SO IN THE GRANT WE IDENTIFIED 118,500 FOR EACH UNIT. SO THAT IS KIND OF THE BASELINE THAT WE WOULD EXPECT TO GIVE FOR THE UNIT.
NOW THAT WE CAN GO ABOVE AND BELOW THAT TO A CERTAIN THRESHOLD IF FUNDING IS NEEDED SO THE HABITAT LOTS WILL LIKELY GIVE LESS MONEY WE'VE IDENTIFIED FOR THAT.
SO YOU'LL SEE HERE THERE'S STILL A GAP EVEN AFTER THIS AFTER LARGER FUNDS WE COULD FILL THAT GAP WITH ADDITIONAL IMPACT FUNDS.
WE'RE ALLOWED TO GO UP TO 50% MORE OF THAT PER UNIT OR OTHER FUNDING SOURCES WE BOTH DEVELOPERS APPLIED FOR AND
HAVE IN COUNTY AFFORDABLE HOUSING INCENTIVE FUND. IF SO WE'LL HEAR BACK MID-SUMMER IF THEY RECEIVED GRANT FUNDS FOR THAT.
SO THERE THEY'RE STILL OPTIONS TO FILL THAT GAP OR WE'RE CONFIDENT THAT SMALL AMOUNT AGAIN CAN EITHER BE FILLED WITH IMPACT FUNDS OR OTHER
FUNDING SOURCES AND SO WE PUT A RANGE OF GAAP IN THERE BECAUSE THE TWO FAMILY HOME GETS SOME EFFICIENCY SO IT'S NOT A STRAIGHT PER UNIT. SO IT IS A LITTLE BIT LESS
CONSTRUCTION COSTS WHEN YOU DO A TWO FAMILY HOME. SO FOR THE SAKE OF TODAY WE'RE FOCUSED ON THE PUBLIC, WE'RE CONVEYING THE LAND OR THE
PURCHASE AGREEMENT. SO IT IS TWO PUBLIC HEARINGS THAT WE WOULD DO WE WOULD OPEN ONE TO THE DISCUSSION VOTE CLOSED THAT PUBLIC HEARING BEFORE WE ENTER THE OTHER.
SO YOU'LL SEE TWO SLIDES HERE. THE FIRST ONE WE HAVE WITH MAGNOLIA HOMES FOR THE TWO LOTS FOR THE TWO TWO FAMILY HOMES AND THEN AFTER WE GO THROUGH THAT PROCESS AND CLOSE THAT PUBLIC HEARING THEN WE
WOULD ENTER THE NEXT PUBLIC HEARING. WITH THAT I'LL OPEN UP FOR ANY QUESTIONS QUESTIONS QUESTIONS
,COMMENTS . OKAY, SO WE OPEN THE PUBLIC SO THE THE PUBLIC HEARING IS NOW
OPEN. DO WE HAVE TO HAVE A MOTION TO OPEN? NO. OKAY. AND IS THERE ANYONE ON LINE OR
THE PUBLIC HEARING OH, THIS IS THE PUBLIC HEARING SORRY FOR MAGNOLIA HOMES DEVELOPMENT
OF THE TWO LOTS. MADAM CHAIR, IF I COULD JUST MAKE A RECOMMENDATION PLEASE CALL FOR TESTIMONY FOR ANYONE WHO WANTS TO TESTIFY. I UNDERSTAND THERE'S NO ONE
IN THE ROOM. JUST MAKE A RECORD THAT YOU'RE CALLING FOR TESTIMONY ON THE PUBLIC HEARING FOR THE SALE OF 8935 STEVENS AVENUE SOUTH AND TEN AT 117.
I CAN'T READ THE REST OF THAT ONE AVENUE SOUTH IN THE CITY OF BLOOMINGTON AND IF NO ONE APPROACHES TO TESTIFY THEN YOU CAN CLOSE THE PUBLIC HEARING AND MOVE ON. OKAY.
AND I CAN'T JUST SEE WHAT SHE SAID SO I'M OPENING THE TESTIMONY FOR THE PUBLIC
HEARING TO ADOPT A RESOLUTION APPROVING THE SALE TO MAGNOLIA HOMES OF 8935 STEVENS AVENUE
AND 10117 FIRST AVENUE IN THE CITY OF BLOOMINGTON. SO MOOT NOW SO THERE IS NO ONE HERE TO TESTIFY AND NO ONE ON
LINE. SO NOW WE WILL CLOSE THE PUBLIC HEARING AND WE CAN MOVE ON TO THE MOTION PHASE. OKAY. SO I NEED A MOTION TO ADOPT A
RESOLUTION APPROVING SALE TO MAGNOLIA HOMES LLC OF PROPERTY LOCATED AT 8935 STEVENS AVENUE AND 10117 FIRST AVENUE IN THE
CITY OF BLOOMINGTON. MOTION TO APPROVE MOTION BY COMMISSIONER WOOTEN SECOND AND SECOND BY COMMISSIONER
ROBERTSON WE HAVE THE ROLL CALL VOTE YES SO ONE OF THE FUNDING PIECES WAS LARGER
FUNDING. CORRECT. SO A QUESTION THAT I HAVE AND IT'S IT'S RELATED TO THIS BUT I AM WONDERING ARE WE DOING
ANY KIND OF LIKE LONGER TERM MODELING FOR THE SPENDING THE LARGER FUNDING BECAUSE I FEEL LIKE IT'S VERY EASY TO BE LIKE OH WE'LL JUST YOU KNOW LIKE WE'RE GOING TO USE LARGER FUNDS THIS YEAR FOR SOME EMERGENCY RENT ASSISTANCE AND
THEN MAYBE NEXT YEAR WE'LL USE IT FOR THIS AND LIKE I'M JUST WONDERING HOW THE LARGER FUNDS ARE BEING KIND OF MODELED AND OVER TIME YEAH. CHAIR COMMISSIONERS YOU HAVE A
COUPLE DIFFERENT CATEGORIES OF USE FOR THE LARGER DOLLARS. ONE OF THEM IS AROUND GRANTS ARE LOANS FOR THE DEVELOPMENT AND REDEVELOPMENT MULTIFAMILY PROJECTS FOR THESE TYPES OF PROJECTS THE GAPS ARE
REALLY LARGE AND THERE'S NOT REALLY AN OPPORTUNITY ONCE THE HOUSE IS SOLD TO RECOUP THOSE FUNDS. SO IT'S HARD TO STRUCTURE THESE AS A LOAN BUT WE DO HAVE SOME OPPORTUNITIES FOR USE OF FUNDS FOR LIKE FOR EXAMPLE MULTIFAMILY PROPERTIES THAT WE
COULD CONSIDER STRUCTURING AS A LOAN TO GET LIKE A REVOLVING LOAN PROCESS FOR THESE DOLLARS AND I'LL ALSO SAY IT'S AN ANNUAL ALLOCATION. SO WE DO ALSO EXPECT TO CONTINUE RECEIVING NEW DOLLARS ANNUALLY AND I THINK IT'S LIKE
WE WERE ESTIMATING MAYBE LIKE $1 MILLION A YEAR. IS THAT CORRECT? YES. CHAIR COMMISSIONERS WE WERE ESTIMATING ABOUT A MILLION LAST YEAR RECEIVED ONE POINT ALMOST 1.5.
SO THAT ESTIMATION WILL VARY A LITTLE BIT. OKAY. YEAH. SO MAYBE THAT'S JUST A FUTURE CONVERSATION OF YOU KNOW I THINK ABOUT KIND OF THE CAP RATE ON THE CITY SIDE OF LIKE THESE ARE THE THINGS WE KNOW
THAT ARE COMING AND THAT WE HAVE TO PLAN FOR AND LIKE NOTHING THAT BIG OR YOU KNOW BUT JUST SOMETHING LIKE THAT SO WE CAN BE KIND OF MONITORING AS A BODY AS
WE'RE MAKING DECISIONS SO THAT WE KNOW WHEN WE'RE GETTING LOW OR NOT OR WHEN WE HAVE A LOT OF DOLLARS THAT NEED TO BE SPENT. AND I THINK MY OTHER QUESTION WAS ACTUALLY ANSWERED.
SO BETWEEN THE LARGER FUNDING AND THEN THE GRANT FUNDING AND THE SALE PRICE OF THE HOME, IT'S ALL IT IS ALL COVERED THEN UP TO THE 600,009 MILLION FOR THE COST OF THE
DEVELOPMENT. YES CHAIR COMMISSIONERS WE'RE STILL FINALIZING THE PERFORMANCE FOR THESE BUT I THINK WE'RE PRETTY CLOSE ON OUR ESTIMATES SO WE WOULD USE THOSE TWO SOURCES KNOW HRA LEVY FUNDS FOR THE GAP AT THIS STAGE.
YEAH THOSE ARE MY QUESTIONS. THANK YOU COMMISSIONER WHO CAME? THANK YOU CHAIR MY QUESTION IS REGARDING THAT GAP BUT I GUESS I JUST WANT CLARIFICATION BUT
THEY'RE GOING THEY'RE ALSO APPLYING TO HENNEPIN COUNTY SO WOULD THAT THEN TAKE OVER THE LARGER FUNDS? WOULD THAT BE SEPARATE FROM THAT? I JUST WANT TO A CLEAR ON I
GUESS I, I JUST IN CLARITY I FEEL LIKE USUALLY WE DO AND I JUST WE USUALLY WE HAVE THE PUBLIC HEARING AND THEN WE USUALLY HAVE A DISCUSSION BEFORE WE BEFORE WE MAKE THE
MOTION SO I JUST WANTED TO SO THAT'S WHY I HELD MY QUESTIONS. I APOLOGIZE BUT IF CHAIR COMMISSION WHO CAME SO THEY HAVE APPLIED FOR HENNEPIN COUNTY FUNDS I BELIEVE OR WHEN
WAS THAT LIKE ABOUT THREE WEEKS AGO THEY APPLIED SO YEAH, A LOT OF TIMES WE'LL DO A PURCHASE AGREEMENT AND DEVELOPMENT AGREEMENT TOGETHER BUT WE WANTED TO GIVE THEM
SITE CONTROL AND MAKE SURE THAT THEY HAD THAT AND HAD SOME FORMALIZED AGREEMENT QUICKER THAN LATER SO THAT THEY CAN START WORKING ON THEIR FINANCING PIECE. SO WE TOOK THEM SEPARATELY BUT SO THAT'S WHY IT'S COMING A
LITTLE BIT LATER BECAUSE WE WERE HOPING TO MAYBE HEAR BACK FROM HENNEPIN COUNTY DEPENDING ON WHAT THAT A BOARD AMOUNT IT WOULD REDUCE POTENTIALLY THOSE LARGER DOLLARS OR SOME OTHER YOU KNOW THAT THAT'S WHERE
THERE'S STILL A LITTLE BIT OF MALLEABILITY IN THAT AND THAT'S WHY IT'S AN ESTIMATE AT THIS POINT AND AS WE THEY HAVE CLEAR UNDERSTANDING TO OF PREVAILING WAGE REQUIREMENTS AND WHAT YOU KNOW
CONSTRUCTION COSTS AS WE'RE GETTING NEARER TO AN ACTUAL CONSTRUCTION DATE YOU KNOW THAT ALSO MIGHT INFLUENCE A LITTLE BIT TO THAT COST. SO IT IS A KIND OF BACK AND FORTH BETWEEN THE TWO CONTINUE
THANK YOU. AND SO JUST A FOLLOW UP QUESTION. SO IF I GUESS WORST CASE SCENARIO, WHAT HAPPENS IF LIKE THEY DON'T GET THAT AND THEN
THEY THE PREVAILING WAGE ISN'T WHAT THEY EXPECTED AND MAYBE WE CAN'T PROVIDE WHAT THEY NEED? I MEAN I GUESS I'M JUST MY ONLY CONCERN IS WHAT HAPPENS IF IT ENDS UP BEING A LOT MORE THAN WHAT WE ANTICIPATE?
LIKE WHAT'S THE WORST CASE KIND OF SCENARIO IN THIS WHOLE THING CHAIR COMMISSION WHO CAME? WORST CASE SCENARIO IS WE DON'T MOVE FORWARD WITH THE PROJECT THAT THE GAP IS INSURMOUNTABLE, THAT WE HAVE
SOME FUNDING BUT NOT ENOUGH FUNDING AND I THINK WE WOULD BE INCUMBENT ATIONS WITH THE BOARD ABOUT YOU KNOW, DO WE NEED ADDITIONAL FUNDS? IS IT WORTH PUTTING ADDITIONAL FUNDS IN?
I THINK AT THIS POINT THAT GAP IS MINOR ENOUGH. WE HAVE OTHER WAYS TO FUND IT FOR COMFORTABLE MOVING FORWARD. BUT IF THEY COME BACK AND SAY ACTUALLY IT'S GOING TO BE 50 60,000 MORE THAN WE THOUGHT.
CAN YOU PROVIDE THAT THEN WE HAVE TO SERIOUSLY LOOK AT WHAT SOURCES WE HAVE AND AS THAT FIRST MOVING FORWARD WITH THE PROJECT OR WHATEVER THAT THRESHOLD IS, I THINK YOU KNOW WE DO A LITTLE BIT OF FINANCIAL ANALYSIS AND
BUDGET REVIEW AND THAT WOULD BE SOMETHING AGAIN IT WOULD BE REFLECTED IN THAT DEVELOPER AGREEMENT SO WE WOULD BE BRINGING THAT BACK AND THANK YOU CHAIR COMMISSIONERS I MIGHT ADD THERE MAY BE SOME OTHER AVENUES TO EXPLORE AS
WELL. SO FOR EXAMPLE THE SIZE OF THE HOUSE OR THE TYPE OF PROJECT MAYBE THERE ARE SOME ADJUSTMENTS THAT COULD BE MADE TO MAKE IT MORE COST EFFECTIVE OR THERE ARE OTHER CONSIDERATIONS AROUND YOU KNOW
FOR THE MINNESOTA HOUSING GRANT IS IT EXACTLY THAT AMOUNT PER PROJECT OR IS THERE SOME FLEXIBILITY GIVEN SPENDING ON OTHER PROJECTS? SO I THINK WE HAVE OPPORTUNITIES TO EXPLORE PLUGGING THE GAP EVEN IF IT GROWS.
BUT WE ARE HOLDING OFF ON THAT VOTING OF APPROVING THAT ASSISTANCE UNTIL WE GET A BETTER PICTURE. THANK YOU. I APPRECIATE THE CLARIFICATION . THANK YOU.
DO WE NEED TO DO ANOTHER VOTE ON THE MOTION OR WE DID IT AND PASSED IT. YOU NEED TO VOTE ON THE MOTION
TO ADOPT TO APPROVE THE THE VOTE TO APPROVE THE SALE OF THE PROPERTY. SO IT SHOULD HAVE MENTIONED BEFORE ONCE YOU CLOSE THE PUBLIC HEARING YOU HAVE A MOTION TO APPROVE AND THEN A
DISCUSSION AND THEN FOLLOWING THE DISCUSSION IS WHEN YOU WOULD DO THE FINAL VOTE. SO THAT'S THE OPPORTUNITY FOR YOUR BOARD TO ASK QUESTIONS OF STAFF AND ANYONE ELSE
IN THE ROOM AND BUT SO THAT'S SO RIGHT NOW YOU'VE HAD THAT MOTION TO APPROVE YOU'VE HAD YOUR DISCUSSION SO NOW IT'S APPROPRIATE FOR A MOTION TO OR FOR TO FOR A VOTE ON THE
MOTION TO APPROVE SORRY. OKAY. ALL RIGHT. SO WE NOW NEED TO VOTE ON THE
MOTION THAT WE ALREADY PASSED WITH APPROVING THE SALE TO MAGNOLIA HOMES. SO MAY WE HAVE THE ROLL CALL VOTE? >> SO COMMISSIONER ROBERTSON, I.
COMMISSIONER, WHO AM I? COMMISSIONER CARTER. I'M COMMISSIONER DUBLINER. I THE COMMISSIONER WOULDN'T BE A WEBEX I CHAIR MUELLER I SO
MOTION PASSES 6 TO 0 SO NEXT WE HAVE WE WILL HAVE A PUBLIC HEARING ON THE APPROVING THE
SALE TO OUTLAW DEVELOPMENT OF 8313 BLEASDALE AVENUE AND 1210 WEST 82ND STREET IN THE
CITY OF BLOOMINGTON SO DO WE HAVE ANY TESTIMONY THE PUBLIC HEARING NO ONE IS IN THE AUDIENCE.
DO WE HAVE ANYONE ONLINE? NO ONE IS ONLINE. OKAY. SO WE ARE NOW CLOSING THE PUBLIC HEARING PORTION AND AND
WE NEED A MOTION TO APPROVE THE DISCUSSION. NOW WHAT AM I DOING WRONG? WELL, YOU KEEP SO IT WOULD BE
APPROPRIATE FOR YOU TO CALL FOR A MOTION TO APPROVE THE SALE OF THE PROPERTY IF YOU GET A MOTION AND A SECOND THEN YOU CALL FOR DISCUSSION ON THE MOTION AND THEN AFTER DISCUSSION IT'S TIME FOR A
VOTE. OKAY. OKAY. SO NOW WE NEED A MOTION TO APPROVE THE SALE TO OUTLAW
DEVELOPMENT LLC OF THE PROPERTY LOCATED AT 83133 BLAISDELL AVENUE SOUTH AND 1210 WEST 82ND STREET IN THE CITY OF BLOOMINGTON SO MOVED
MOVED BY COMMISSIONER CARTER SECOND AND SECOND BY COMMISSIONER DALE BELLINGER. ARE THERE QUESTIONS OR COMMENTS THE COMMISSIONER WHO
CAME THANK YOU MADAM CHAIR. JUST FOR CLARIFICATION JUST FOR FULL TRANSPARENCY I WOULD ASSUME AND I DON'T LIKE TO ASSUME BUT THE SAME SITUATIONS REGARDING FUNDING AND ALL OF THAT ARE THE SAME FOR THIS
PROPERTY AS THEY WERE THE PREVIOUS PROPERTY. I JUST WANT TO MAKE SURE THAT THAT'S CLEAR. YES, THAT IS CORRECT. I WILL SAY THIS THE SINGLE FAMILY HOMES BECAUSE THERE'S
SOME EFFICIENCIES WITH BUILDING TWO HOMES AS TWIN HOMES THERE ARE THE GAPS ARE SLIGHTLY LARGER ON THE SINGLE FAMILY HOMES BUT YES, THE SAME CONVERSATION APPLIES. THANK YOU. ANY OTHER QUESTIONS OR
COMMENTS? WELL THEN MAY WE HAVE THE ROLL CALL VOTE APPROVING THE SALE TO OUTLAW DEVELOPMENT OF THESE
TWO OR MENTIONED PROPERTIES? COMMISSIONER ROBERTSON HIGH COMMISSIONER WHO CAME I COMMISSIONER CARTER AND
COMMISSIONER DOUBLING HER HIGH COMMISSIONER WOULDN'T I CHAIR MUELLER I SO MOTION PASSES 6 TO 0.
NEXT ITEM IS THE SOUTH VIEW VIEWERS STATES SUBSTANTIAL REHABILITATION PROJECT ME WE HAVE THE STAFF REPORT
OKAY CHAIR AND COMMISSIONERS I'M HERE TO PRESENT ON SOUTH VIEW ESTATES. OKAY.
ALL RIGHT. SOME BACKGROUND ON THIS. THIS IS NOT THE FIRST TIME THE HRA WILL BE SEEING THIS PROJECT IN JULY 2024 THERE WAS A DISCUSSION AROUND DEFERRING
THE LOAN AND PROVIDING A LOCAL MATCH FOR AS ONE OF THE SOURCES FOR THIS SUBSTANTIAL REHABILITATION PROJECT AT THAT TIME THE HRA BOARD REQUESTED STAFF TO CONSIDER AND THE DEVELOPER TO CONSIDER DEBT
SERVICE INCLUDED IN THAT REQUEST AND ALSO EXPRESSED INTEREST IN MATCHING UP TO WHAT WAS THOUGHT TO BE THE MAXIMUM OF $500,000. ONE OF THEIR FUNDING SOURCES REQUIRES A DOLLAR FOR DOLLAR
LOCAL MATCH AND SO OVER THE PAST YEAR APPROXIMATELY JUST OVER A YEAR THEY HAVE SECURED OTHER FUNDING SOURCES. THE BIG ONE IS MINNESOTA HOUSING TAX CREDITS AND THEN
THAT MATCHING FUND WAS ACTUALLY INCREASED. SO INSTEAD OF GETTING 500,000 BETWEEN THE 105,000 THAT WAS INITIALLY ESTIMATED WE RECEIVED A $700,000 GRANT
WHICH DOES INCREASE THE MATCH REQUIREMENT UP TO $700,000 LOCALLY. AND THIS IS JUST A QUICK MAP
SO YOU CAN SEE WHERE SOUTHVIEW ESTATES IS LOCATED IS A 47 UNIT PROPERTY. OKAY.
AND SOME QUICK BACKGROUND ON THE PROJECT. IT WAS CONSTRUCTED IN THAT 22 SORRY 22,002 I CAN'T REMEMBER HOW TO SAY MY EARLY 2000S APPARENTLY WITH FINANCIAL
ASSISTANCE FROM THE HRA IT HAD A 30 YEAR AFFORDABILITY PERIOD THAT WHICH WOULD END IN 2033 AT THAT TIME THE PROJECT IS 80% AFFORDABLE AT 60% AMI WHICH MEANS 37 OF THE 47 UNITS
ARE AFFORDABLE AT THOSE LEVELS THEY HAVE RECEIVED FUNDING FROM MINNESOTA HOUSING AND THEN MET COUNCIL AND ALSO APPLIED FOR ADDITIONAL FUNDS THROUGH HENNEPIN COUNTY. THAT APPLICATION IS STILL PENDING AND THE HRA SUPPORTED
THIS PROJECT THROUGH TWO DIFFERENT LOANS THE THE LOAN AMOUNTS ARE HERE YOU CAN SEE ON YOUR SCREEN IS A BREAKDOWN OF BOTH. THE FIRST LOAN IS 165,000 WITH
AN INTEREST RATE OF 3% AND THE SECOND LOAN WAS $150,000 WITH A 0% INTEREST RATE BOTH COMING DUE IN 2033. THE CURRENT OUTSTANDING
BALANCE IS AROUND 470 480,000 ON THOSE WE ARE PLANNING TO USE THOSE TOWARDS A LOCAL MATCH. THAT WAS ALSO A REQUEST THAT CAME UP AT THE PREVIOUS DISCUSSION AND SOME NOTES
ABOUT THE PROJECT THE BUILDING AS DEVELOPED IN 2002 AND STILL NEEDS SOME RENOVATIONS AND IMPROVEMENTS. SO THERE'S QUITE A COMPREHENSIVE LIST WHICH I'LL TALK ABOUT ON THE NEXT SLIDE. BUT IT'S IMPORTANT TO CONTINUE
TO INVEST IN OUR AFFORDABLE HOUSING PROPERTIES. THERE IS ALSO AN EXTENSION OF THE AFFORDABILITY WITH US SO THROUGH GETTING THE ADDITIONAL FUNDING SOURCES THE
RESTRICTED THAT WE'RE ACTUALLY THAT'S A TYPE OF A NEW COMMITMENT TO BE FOR ANOTHER 50 YEARS. SO WE'RE GAINING ABOUT 40 YEARS OF ADDITIONAL AFFORDABILITY THROUGH SUPPORTING THESE THESE FUNDING SOURCES AND THIS NEW THIS
FINANCING PROJECT LEVERAGES EXTERNAL FUNDS. SO WE'VE TALKED BEFORE THAT IS EXCEPTIONAL AT THIS BUT CONTINUES TO USE MAKE GOOD USE OF FUNDS FROM OTHER SOURCES
AND LOCAL PROJECT SUPPORT IS OFTEN REALLY IMPORTANT IN SECURING THESE FUNDS. SO THE HRA CONTRIBUTING THROUGH A DEFERRAL OF OUR EXISTING LOAN IS AN IMPORTANT
PIECE OF MAKING THESE PROJECTS COMPETITIVE FOR THESE OTHER SOURCES OF FUNDING AND AS REQUESTED WE WERE ABLE TO NEGOTIATE SOME DEBT SERVICE ON THIS LOAN SO PREVIOUSLY THERE WERE NO PAYMENTS DUE ON THE
LOAN. IT WAS ALL DUE IN 2033 AND WITH THIS THIS NEW LOAN STRUCTURE THERE WOULD BE SOME DEBT SERVICE COMING IN EARLY
TO THE VERY AND HERE THIS IS A QUICK SLIDE A SLOW SHOW ON THE LEFT AS CURRENT AFFORDABILITY YOU CAN SEE THE 60% AMI LEVELS
THEY'RE ALL 37 UNITS. THIS PROPOSED AFFORDABILITY STRUCTURE ADDS SOME HIGH PRIORITY UNITS FOR SO UNITS FOR PEOPLE WITH DISABILITIES UNITS FOR HIGH PRIORITY
HOMELESS. IT ALSO RESTRICTS SOME UNITS FOR 30% AMI HOUSEHOLDS AND YOU CAN ALSO SEE MARKET RATE UNITS ARE DECLINING SO THIS WILL NO LONGER BE A PROJECT WITH ANY
MARKET RATE UNITS. ALL THE UNITS WILL BE AFFORDABLE SO THE TOTAL NUMBER OF UNITS ISN'T CHANGING BUT WE ARE ADDING SOME RESTRICTIONS TO PROVIDE SOME OF THESE HIGH NEED UNITS AND ALSO TO DEEPEN
THE AFFORDABILITY LEVELS AT THE PROJECT. >> AND HERE IS A LIST OF SOME OF THE ANTICIPATED IMPROVEMENTS INTERIOR FLOORING, CABINETRY,
BATHROOMS, COUNTERTOPS, ENERGY SAVING IMPROVEMENTS, EXTERIOR DRAINAGE AND GRADING ROOFING GUTTERS THERE'S HVAC UPGRADES . THE TOTAL PROJECT COST IS CURRENTLY ANTICIPATED TO BE ABOUT $5.2 MILLION FOR THIS
COMPREHENSIVE UPGRADE AND RENOVATION. AND WHERE IS THAT LOCAL $700,000 MATCH COMING FROM? SO WE ARE ABLE TO USE OUR
EXISTING LOANS BY DEFERRING THE LOAN PERIOD FOR 31 YEARS INSTEAD OF HAVING THEM COME DUE IN 2033. THAT DOES COUNT AS A PORTION
OF THE LOCAL MATCH AND WE'RE ALSO PROPOSING TO USE LARGER LOCAL AFFORDABLE HOUSING AID AGAIN IN THIS PROJECT WITH THIS ANNUAL DEBT SERVICE WE WOULD ANTICIPATE RECEIVING
VAST MAJORITY OF THIS LOAN PAID BACK OVER THE COURSE OF 31 YEARS. I'LL ALSO KNOW THIS PROJECT IT'S BEEN IN THE WORKS FOR A WHILE AND IN OUR INITIAL
PROPOSAL WE HAD LISTED THIS AS AN EXAMPLE PROJECT FOR ONE OF THOSE MULTIFAMILY PROPERTIES THAT WOULD BE A GOOD USE OF LARGER FUNDS. SO WE HAVE BUDGETED ABOUT 300
UP TO $385,000 IN LARGER FUNDS FOR THAT USE. HOWEVER BECAUSE WE HAVE GOTTEN A PRELIMINARY OKAY TO USE THE CAPITALIZED INTEREST AS A MATCH AND SO WHILE THE
RESOLUTION DOES ALLOW US TO USE THAT FULL AMOUNT UP TO 385 RIGHT NOW WE'RE ANTICIPATING AROUND THAT 220 TO $225,000 AND AGAIN THIS IS A LOAN THAT WOULD BE REPAID OVER TIME.
AND WITH THAT THAT BRINGS ME TO THE MOTION. I'M HAPPY TO ANSWER ANY QUESTIONS AND THE DEVELOPMENT COMPANY IS HERE AS WELL TO
ANSWER QUESTIONS, QUESTIONS OR COMMENTS . THANK YOU. SO JUST A CLARIFICATION. SO YOU SAID IT WILL BE PAID BACK.
THERE WILL BE SOME PAID BACK ANNUALLY SO IT'D BE AROUND THAT LITTLE OVER 26,000 YES A YEAR OVER THE COURSE OF 31 YEARS. CORRECT. OKAY. WHICH IS DIFFERENT THAN THE FORMER LOAN WHICH WAS SUPPOSED TO BE PAID BACK ALL AT ONCE
20TH IN 2030. OKAY. YES. ALL RIGHT. CAN YOU GO BACK TO ACTUALLY THE SOURCES OF THE DIFFERENT FUNDING
? I THINK OKAY. SO YEAH, SO THE TOTAL PROJECT IS 5.2 MILLION. CORRECT AND RENOVATIONS AND WE'RE OUR TOTAL IS WITH THE DEFERRED LOANS AND THE LARGER
IS 700,000 CORRECT. IT'S ACTUALLY A VERY SMALL PERCENTAGE OF THE TOTAL COST. SO THE PROPERTY ITSELF IS INVESTING A LOT OF MONEY BACK INTO YOU KNOW WE'VE HAD WE'VE
HAD SOME AND I'M SURE THAT THERE'S PROBABLY GRANTS AND OTHER FUNDING SOURCES. I THINK WE'VE HAD SOME PROJECTS COME BEFORE US ESPECIALLY IN THE PAST YEAR OR
TWO WHERE WE ARE REALLY FOOTING THE BILL AND SO I THINK IT'S JUST IMPORTANT FOR PEOPLE IN THE COMMUNITY WHO ARE LISTENING JUST MAKE THESE DECISIONS THAT THAT THE
PROPERTY AND THE OWNER OF THE PROPERTY IS ACTUALLY INVESTING A LOT INTO THE PROPERTY. SO AND THE 700,000 IS A PRETTY SMALL PERCENTAGE I DON'T KNOW
IF YOU WANT TO SAY YEAH I MIGHT ASK THE DEVELOPMENT REPRESENTATIVE TO COME UP AND TALK ABOUT THE SOURCES AND YEAH. CHAIRWOMAN IS THAT OKAY? YES. OKAY. YES.
SO THERE WILL ALSO BE LOW INCOME HOUSING TAX CREDITS THAT ARE WERE ALLOCATED FOR MINNESOTA HOUSING THAT ARE BEING SYNDICATED BY A MIDWESTERN COMPANY AND THEN
THERE WILL BE A FIRST MORTGAGE THAT'S LEVERAGED PRETTY SUBSTANTIALLY ON THE PROPERTY PER MINNESOTA HOUSING GUIDELINES. THERE'S ALSO WITH THIS LOCAL
MATCH THE $700,000 FROM ALLIED AIR WILL FLOW THROUGH THE CITY OR THE COUNTY DEPENDING ON HOW WE DO THAT AND THEN THERE IS
WE ALSO DID APPLY TO HAVE BEEN COUNTY IN THEIR LATEST ROUND AT THE END OF JANUARY DEPENDING ON THE FINAL SCOPE OF WORK THAT WE'RE WORKING WITH MINNESOTA HOUSING ON RIGHT NOW. SO I THANK YOU.
THANK YOU. SO I GUESS SORRY AND I'M MEGAN CARR. I SHOULD REPORT THAT FOR THE RECORD WE'RE SEEING DEVELOPMENT REPRESENTG THE OWNER HERE. THANK YOU.
AND THE ONLY OTHER COMMENTS SORRY MY ONLY OTHER COMMENTS WERE I REALLY APPRECIATE THAT IT'S GOING TO BE 100% AFFORDABLE NOW AND I REALLY, REALLY APPRECIATE THAT THERE WILL BE UNITS RESERVED FOR PEOPLE LOW INCOME INDIVIDUALS
WHO ARE LIVING WITH DISABILITIES. I THINK THAT'S DEFINITELY AN AREA OF NEED THAT WE HEAR ABOUT FREQUENTLY AND THEN MY ONLY OTHER I WOULD JUST MAKE THE SAME COMMENT I MADE
EARLIER ABOUT LARGER FUNDS IS JUST LIKE YOU KNOW SENDING IT HERE AND HERE AND HERE BUT THAT'S FINE FOR NOW. I THINK IT WOULD JUST BE GREAT IF WE HAD KIND OF A LONGER TERM PICTURE SO THANK YOU.
THEI QUESTIONS COMMENTS COMMISSION WHO CAME? THANK YOU MADAM CHAIR. I JUST WANT TO SAY I APPRECIATE THE DEVELOPER BEING HERE AND I REALLY APPRECIATE THE FACT THAT THEY'RE WILLING
TO PUT SO MUCH INTO THIS PROPERTY. AND AGAIN, JUST TO PIGGYBACK, WE DO SEE THESE KIND OF THINGS COME FORWARD AND I CAN'T I
CAN'T SAY ENOUGH HOW IMPORTANT KEEPING OUR AFFORDABLE HOUSING IN BLOOMINGTON IS. AND I, I JUST HAVE TO SAY I REALLY COMMEND AGAIN THE DEVELOPER AND THE OWNER FOR
PUTTING MONEY BACK INTO THIS PROPERTY AND AND KEEPING IT AFFORDABLE. SO KUDOS TO THAT. I VERY MUCH SUPPORT THIS PROJECT SO I ECHO WHAT THEY
SAY I ALSO LIKE THE LOCATION OF IT. IT'S VERY CONVENIENT TO GROCERY STORE AND GAS STATION AND PHARMACY AND OTHER NEEDED
THINGS SO I TOO APPRECIATE THE CONTINUED EFFORT TO KEEP THIS AND MAKE THIS COMPLETELY AFFORDABLE. COMMISSIONER ROBERTSON THANK
YOU CHAIR PARDON ME. I JUST WANTED TO ECHO SOME OF WHAT WAS ALREADY SAID AND JUST SAY I REALLY DO APPRECIATE THE DEVELOPER MAKING SURE THAT THERE'S ON SITE SERVICES THAT'S SO IMPORTANT AND SO I REALLY LOOK FORWARD TO THIS PROJECT.
SO THANK YOU. ALL RIGHT. SO ANY OTHER COMMENTS QUESTIONS THEN? >> CHAIR COMMISSION I'M SO SORRY I SHOULD HAVE MENTIONED
I JUST WANT TO CLARIFY TOO THAT THE APPLICATION FOR AN OPEN COUNTY FUNDS IS STILL PENDING AND IF THEY WERE TO RECEIVE THOSE FUNDS THEN THE CITY MATCH WOULD THOSE COULD POTENTIALLY GO SUBSTANTIALLY DOWN. SO THAT IS ALSO STILL IN THE
PROCESS. YEAH. OKAY. DO YOU WANT TO GO TO THE SCREEN WITH THE MOTION? YES. ALL RIGHT.
SO I WILL NEED A MOTION TO ADOPT RESOLUTION NUMBER 2026 TO BE DETERMINED A RESOLUTION AUTHORIZING RENEGOTIATION
OF THE LOANS WITHIN BLOOMINGTON SOUTH VIEW LIMITED PARTNERSHIP AND THE HOUSING IN REDEVELOPMENT AUTHORITY IN IN FOR THE CITY OF BLOOMINGTON AND MAKING
RELATED BUDGET ADJUSTMENTS SO MOVED MOVED BY COMMISSIONER WHO CAME SECOND SECOND BY COMMISSIER ROBERTSON MAY WE
HAVE THE ROLL CALL VOTE COMMISSIONER ROBERTSON I. COMMISSIONER WHO AM I? I'M COMMISSIONER CARTER.
I'M A COMMISSIONER DOPPLER I A COMMISSIONER WARREN I CHAIR MILLER I MOTION PASSES 620.
NEXT IS DISCUSSION AND ITEMS EACH ADMINISTRATOR UPDATES YES CHAIR AND COMMISSIONERS A COUPLE QUICK UPDATES. OUR NEXT MEETING IS MARCH 10TH
IN TWO WEEKS THAT IS WE WILL HAVE THE HRA MEETING AT 6 P.M. AND THEN THE JOINT MANY BODY MEETING AT 6:30 P.M. AND THEN AFTER THAT WILL BE SHIFTING TO OUR MONTHS ON MONTH SCHEDULE.
SO OUR NEXT MEETING AFTER THAT WILL NOT BE UNTIL APRIL 14TH. ALSO AT THE LAST MEETING I MENTIONED THE WHAT HOME MEANS TO ME COMPETITION. WE HAVE POSTED ON OUR ON OUR WEBSITE AND SENT THAT OUT TO A
NUMBER OF FAMILIES LOCALLY WHO ARE ELIGIBLE AND SO WE LOOK FORWARD TO SEEING. THIS IS OUR FIRST YEAR DOING IT SO HOPEFULLY WE'LL MAKE IT BIGGER AND BETTER NEXT YEAR BUT WE LOOK FORWARD TO SEEING SUBMISSIONS THAT WE GET ON
THAT AND THEN THE LAST THING I WANTED TO NOTE IS THAT FOR THE BLOOMINGTON AFFORDABLE HOMEOWNERSHIP PROGRAM WE'VE TALKED ABOUT THE ST MARK'S SITE BEFORE AND WORKING THROUGH THE CHALLENGE OF THE
CELL TOWER AS WELL. >> WE WILL BE PROPOSING A CODE AMENDMENT. IT'S ESSENTIALLY IT'S A PRIVATELY INITIATED CODE AND IT IS WHAT IT'S CALLED FOR THE
LOCATION CURRENTLY OUR ZONING CODE ALLOWS THESE CELL TOWERS TO EXIST IN EXISTING HOUSES OF WORSHIP. WE'LL BE PROPOSING THAT IT IS ALLOWED FOR THEM TO EXIST ON REDEVELOPED LANDS THAT ARE
DEVELOPED FOR RESIDENTIAL USES AS WELL SO THAT THAT PROPERTY CAN DEVELOP AND THE CODE IS THE CELL TOWER IS IN COMPLIANCE AND IS A LONG PROCESS BUT WE WILL BE
SUBMITTING THAT REQUEST ON BEHALF OF THE HRA SHORTLY. SO I JUST WANTED TO LET YOU KNOW THAT THAT WOULD BE GOING BEFORE THE COUNCIL AND THAT IS THAT THOSE ARE ALL MY ANNOUNCEMENTS. >> I HAVE A QUESTION ABOUT THAT.
DOES THIS DELAY THE TIMELINE OF THE PROJECT? >> CHAIR COMMISSIONERS NO IT DOES NOT. WE ARE PLANNING TO MOVE FORWARD WHERE WE'RE ACTUALLY PLANNING TO MOVE QUICKLY FORWARD SO THAT IT SO THAT IT DOESN'T DELAY AND WE'LL WE'LL
BE DOING A LOT OF DIFFERENT LAND USE PLANNING AND ACTIONS AROUND THAT SITE IN THE NEXT YEAR AND SO THIS IS ONE OF THE FIRST ONES. >> PM OKAY, THANK YOU.
ALL RIGHT. SO WE HAVE REACHED THE END OF OUR AGENDA SO MAY I HAVE A MOTION TO END THE FEBRUARY 24TH 2026 HRA MEETING SO MOVE
MOVED BY COMMISSIONER WOOTEN SECOND AND SECOND BY COMMISSIONER WHO CAME. WE HAVE THE ROLL CALL VOTE COMMISSIONER ROBERTSON I
COMMISSIONER WHO AM I? COMMISSIONER CARTER I'M COMMISSIONER DOPPLER I THE COMMISSIONER WHAT AM I? >> CHAIR MILLER I MOTION
PASSES 620 THANK YOU EVERYONE AND EVERYBODY