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April 13, 2021 Page 6 of 7 <br />Councilmember Axberg asked how the City derived at the $100,000 amount. City Attorney Sonsalla <br />explained this was an amount requested by the developer. <br />Councilmember Allen understood $100,000 would be waived, but noted $212,000 would remain on the <br />property. City Attorney Sonsalla reported this was the case. <br />Councilmember Allen questioned if an end date has been considered for the loan City Attorney Sonsalla <br />indicated the intent was for the loan to be forgivable after a certain point, but this was not penned into the <br />agreement 32 years ago. She stated the developer did not intend to pay back this loan at 8% interest after 32 <br />years. <br />Mayor Niedfeldt-Thomas agreed the 8% interest is shocking. She explained she supported staffs <br />recommendation. <br />Gene Rezack, Golden Pond property owner, commented for 32 years he has kept 40% of the units (33 units) <br />affordable. He stated he took great pride in this. He believed the new company would do a good j ob keeping <br />this same number of units affordable. <br />Councilmember Allen thanked Gene Rezack and other property owners in the community for keeping rental <br />rates affordable for seniors and those on a fixed income. He hoped the new owners will preserve as much <br />affordable housing as they can. <br />Motion by Councilmember Dunsworth, seconded by Councilmember Axberg to adopt a Resolution <br />authorizing the Waiver of Certain Interest with Respect to a Loan on the Golden Pond Property. <br />A roll call vote was taken. <br />4 Ayes, 0 Nays -Motion Carried <br />Commission Liaison Reports, Announcements and Updates <br />Devin Massopust <br />City Manager Massopust reported he would be meeting with representatives from the Urban <br />Land Institute tomorrow to begin preparing for a meeting in early May regarding the economic <br />future of New Brighton. He stated the Ramsey County Economic Competitiveness and <br />Inclusion Plan has received some chatter. He explained he invited Ramsey County staff to the <br />second worksession meeting in April to discuss this plan with the Council. <br />Graeme Allen <br />Councilmember Allen reported the Public Safety Commission meeting scheduled for Monday, <br />April 12, 2021 was canceled. He explained this has been a tough year due to the pandemic and <br />because of the death of several civilians at the hands of law enforcement. He indicated New <br />Brighton would continue to strive to have the best training in place for its public safety <br />officers. <br />Emily Dunsworth <br />Councilmember Dunsworth discussed how the recent events impacted the community as a <br />whole and the residents of color. She encouraged people to reach out to their friends of color, <br />to listen and to make sure they were okay. She understood people were hurting and she wanted <br />to see people striving to be more welcoming and inclusive. She reported she attended the <br />PREC meeting last week noting the group welcomed its new members and discussed ideas that <br />should be addressed in the coming year. <br />Pam Axber2 <br />Councilmember Axberg commented on the tragedy that occurred this past week. She explained <br />this tragedy led her to consider what more she can do, where she has blind spots that she <br />doesn't see or understand. She indicated she witnesses the trauma of racial injustice in her job <br />Commission Liaison <br />Reports, <br />Announcements and <br />Updates <br />