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09-21-98 Regular HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting September 21, 1998 CALL TO ORDER The meeting was called to order by Chair Harms at 7:00 p.m. ROLL CALL HRA Members Present:Thomas Harms; Joan Helmberger; Kristal Stokes; Michael Sandahl and Russ Susag. Staff Present :James Prosser, Executive Director; Steven Devich, Acting City Clerk; Bruce Palmborg, Community Development Director; and Bruce Nordquist, Housing and Redevelopment Manager. APPROVAL OF MINUTES M/Susag, S/Sandahl to approve the minutes of the regular HRA Meeting of August 17, 1998. Motion carried 5-0. Item #1OPPORTUNITY FOR CITIZENS TO ADDRESS THE HRA. No one wished to address the HRA. HRA Meeting Minutes-2-September 21, 1998 Item #2CONSIDERATION OF AUTHORIZATION TO NEGOTIATE DEVELOPMENT AGREEMENT WITH RICHFIELD STATE AGENCY FOR CONCEPT ENTITLED URBAN VILLAGE, SOUTHEAST QUADRANT OF LYNDALE AVENUE AND 66TH STREET. HRA LETTER NO. 57 Executive Director Prosser reviewed HRA Letter No. 57 regarding the consideration of authorization to negotiate a development agreement with Richfield State Agency for the concept entitled Urban Village, located at the southeast quadrant of Lyndale Avenue and 66th Street. Jan Susee, Metes and Bounds Management, spoke on behalf of Richfield State Agency. He reviewed the Urban Village concept that the development team is proposing. Mr. Susee described the commercial and apartment components to the project. He stated that the commercial building would be pre-leased. The project also contains a restaurant, an assisted-living component and a parking structure for approximately 1000 cars. David Graham, representing Elness, Swenson, Graham Architects, Inc., described the proposed project in greater detail. Mr. Graham presented a series of elevation drawings and described the likely building design and materials. He also described a center public plaza area. Commissioner Susag asked about Pleasant Avenue and stated that he had some concern about a potential traffic problem. Mr. Susee responded that they are doing a traffic study and will try to be sensitive to the concerns of the neighborhood to the south. Executive Director Prosser stated that this project has not yet been presented to the Planning Commission. These issues could all be addressed at the Planning Commission meeting. Chair Harms stated that in other instances such as this, the process would include an exclusive developer’s agreement and that such an agreement would likely be the next step in this process. Mr. Susee stated that they would like to move the project along to take advantage of current interest rates. M/Harms, S/Susag to authorize staff to prepare and execute exclusive development agreement with Richfield State Agency with a time table, and to begin the negotiation process for a return presentation to the HRA. Motion carried 5-0. HRA Meeting Minutes-3-September 21, 1998 Item #3CONSIDERATION OF RESOLUTION AUTHORIZING AND RATIFYING HRA’S SIGNATURES ON CROSS ACCESS EASEMENT AGREEMENT WITH CANDLEWOOD MINNEAPOLIS, MN LLC FOR CANDLEWOOD HOTEL PROJECT. HRA LETTER NO. 58 Executive Director Prosser reviewed HRA Letter No. 58 regarding authorization and ratification of the execution of a cross-access easement agreement with Candlewood Minneapolis, MN, LLC. M/Sandahl, S/Stokes that the following HRA resolution be adopted, that it be spread in the HRA resolution and that it be made part of these minutes: HRA RESOLUTION NO. 680 RESOLUTION AUTHORIZING AND RATIFYING THE EXECUTION OF A CROSS- ACCESS EASEMENT AGREEMENT WITH CANDLEWOOD MINNEAPOLIS, MN, LLC Motion carried 5-0. This resolution appears as HRA Resolution No. 680 in HRA Resolution Book No. 68. Item #4CONSIDERATION OF RESOLUTION APPROVING MODIFICATIONS TO RICHFIELD HOME REHABILITATION DEFERRED LOAN PROGRAM. HRA LETTER NO. 59 Executive Director Prosser reviewed HRA Letter No. 59 regarding authorization of approval of modifications to the Home Rehabilitation Deferred Loan Program. Commissioner Susag asked what the definition of “flood” was with respect to this program. Executive Director Prosser stated that flood referred to surface water, not underground water. M/Sandahl, S/Stokes that the following HRA resolution be adopted, that it be spread in the HRA resolution book, that it be made part of these minutes: HRA RESOLUTION NO. 681 RESOLUTION AUTHORIZING APPROVAL OF MODIFICATIONS TO THE HOME REHABILITATION DEFERRED LOAN PROGRAM Motion carried 5-0. This resolution appears as HRA Resolution No. 681 in HRA Resolution Book No. 68. HRA Meeting Minutes-4-September 21, 1998 Item #5EXECUTIVE DIRECTOR REPORT Executive Director Prosser stated that staff continue to work with the developer on the Interchange West Project. He stated an update should be ready for the next HRA meeting. Item #6CLAIMS AND PAYROLL M/Susag, S/Sandahl that the following claims and payrolls be approved: FIRSTAR BANK Section 8 Checks: 12728-12828$117,543.74 HRA Checks: 19244-19466; 19501-19558$274,973.25 Motion carried 5-0. ADJOURNMENT The meeting was adjourned by unanimous consent at 7:43 p.m. Date Approved: Thomas E. Harms Chair Steven L. DevichJames D. Prosser Acting City ClerkExecutive Director