MINUTES OF A REGULAR
MEETING
OF THE
REDEVELOPMENT
AUTHORITY OF THE
The members
of the Board of the Redevelopment Authority of the
Members of
the Board in attendance were Cindy Stewart, Chairman, Neil Kinsey, Vice
Chairman, Ralph Murray, Treasurer, Ed Hollinger, Assistant Treasurer and
Crystal Cooper.
Staff members
present were
Also present
were Ken Smith, Community Basics and Mary Kay Eckenrode, Housing Development
Corporation.
Public
Comment: Mary Kay Eckenrode, Housing
Development Corporation, brought the board up to date on the Sylvan Retreat
project. By way of background Ms.
Eckenrode indicated that Sylvan Retreat is a 40 unit elderly project in
Mountville. The Redevelopment Authority
provided $515,000 in funding toward the project, the Pennsylvania Department of
Community and Economic Development (DCED) provided a $200,000 grant, and the
U.S. Department of Housing and Urban Development provided approximately $3
million in the form of a Section 202 grant for the project. Settlement for the project took place on
Minutes of the
Treasurer’s
Report for the month of August 2002 was approved following a motion by Mr. Hollinger,
second by Mr. Kinsey, and unanimously carried.
A copy of the report is attached hereto, made a part hereof and marked
as Exhibit “A”.
Report of the
Executive Director is attached hereto, made a part hereof, and marked as
Exhibit “B”.
There was no
Correspondence or Communications.
There were no
Committee Reports.
There was no
Old Business.
New
Business:
The Board
adopted a Resolution approving a Reservation of Funds for the Wildflower
Apartments Project on a motion by Mr.
Kinsey, second by Mr. Hollinger and unanimously carried.
NOW, THEREFORE, BE IT RESOLVED by the Board of
the Redevelopment Authority of the
BE IT FURTHER RESOLVED by the Board of the
Redevelopment Authority of the
Other Business:
The Board adopted a Resolution
approving a Loan Default Settlement with Tryum Corporation on a motion by Mr.
Kinsey, second by Ms. Cooper and unanimously carried.
NOW, THEREFORE, BE IT RESOLVED by
the Board of the Redevelopment Authority of the
BE IT FURTHER RESOLVED that the
Board agrees to release the principal owners of the business from all remaining
personal obligations to repay the full amount of the loan, plus interest and
penalties. (A copy of said Resolution [08-56-02]
is attached hereto, made a part hereof, and marked as Exhibit “D”).
The Board
adopted a Resolution approving additional funding for the Center Square
Apartments Project on a motion by Ms. Cooper, second by Mr. Kinsey and
unanimously carried.
NOW, THEREFORE, BE IT RESOLVED by
the Board of the Redevelopment Authority of the County of Lancaster to approve
an additional Three Hundred Thousand Dollars ($300,000.00) in HOME Investment
Partnerships Program funding for the Center Square Apartments Project;
BE IT FURTHER RESOLVED to authorize
the transfer of the grant from the Pennsylvania Department of Community and
Economic Development Brownfields for Housing Program in the amount of One
Hundred Eighty-Seven Thousand Five Hundred Forty-Six Dollars ($187,546.00) from
the cancelled Ferdinand Street Apartments Project to the Center Square
Apartments Project. (A copy of said Resolution
[08-57-02] is attached hereto, made a part hereof, and marked as Exhibit
“E”).
Ms. Stewart announced that the next
meeting of the Board of the Redevelopment Authority of the County of Lancaster
would be held Tuesday, October 22, 2002 at the offices of the Lancaster County
Housing and Redevelopment Authorities, 150 North Queen Street, Suite 110,
immediately following he 4:00 p.m. meeting of the Lancaster County Housing
Authority.
The meeting was adjourned at