09-20-99 Regular
HOUSING AND REDEVELOPMENT
AUTHORITY MEETING MINUTES
Richfield, Minnesota
Regular Meeting
September 20, 1999
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; and Michael
Sandahl.
HRA Members
Not Present:Russ Susag
Staff Present:Steven Devich, Acting Executive Director; Thomas Ferber, City
Clerk; Bruce Palmborg, Community Development Director; and
Bruce Nordquist, Housing and Redevelopment Manager.
APPROVAL OF MINUTES
M/Stokes, S/Helmberger to approve the minutes of the September 13, 1999 Special
HRA Meeting.
Motion carried 4-0.
HRA Meeting Minutes-2-September 20, 1999
Item #1OPPORTUNITY FOR CITIZENS TO ADDRESS THE HRA.
Dexter Martson, Retail Site Selectors (RSS), speaking on behalf of RSS and Jim
Larson of Madison Marquette Realty Services, discussed their vision for redevelopment for
the Cedar Avenue Corridor at the crossroads of Highway 77, Interstate 494 and the
proposed 77th Street underpass. He stated their interest in developing a project with high
profile specialty/entertainment retailers and restaurants. He also mentioned the possibility
of a hotel with a water park. He requested HRA consideration to be a developer for the
Cedar Avenue Corridor.
Chair Harms suggested that they prepare a concept plan and financial projections
for presentation to staff for their assessment of the feasibility of the proposal.
Item #2CONSIDERATION OF RESOLUTION AUTHORIZING FIRST AMENDMENT
TO CONTRACT FOR PRIVATE REDEVELOPMENT BETWEEN HRA AND
RICHFIELD STATE AGENCY FOR URBAN VILLAGE PROJECT
(WOODLAKE CENTRE). HRA LETTER NO. 58
Acting Executive Director Devich reviewed HRA Letter No. 58 regarding the
proposed First Amendment to the Contract for Private Redevelopment between the
Housing and Redevelopment Authority and the Richfield State Agency for the Urban
Village Project (Woodlake Centre).
Community Development Director Palmborg requested that the HRA grant authority
to the staff to make any necessary minor changes in the amendment to satisfy the lender
upon their final review.
Jan Susee, Richfield State Agency, gave a status report on the Woodlake Centre
development construction, leasing, costs, schedule and planned amenities. He requested
assistance from the HRA and City in funding the $140,000 in storm sewer construction
costs. He stated that the City had agreed to pay approximately $35,000 of the costs but
the costs put a strain on the budget for the project.
Commissioner Sandahl made a motion, seconded by Helmberger, to approve the
resolution and to direct staff to find a way to cover the costs of the storm sewer project.
Commissioner Sandahl stated because of the importance of the project and it being the
center of Richfield, he did not want to see amenities cut out of the project due to the storm
sewer costs. Chair Harms suggested that it would be preferable to have staff review and
consider Mr. Susee's request and report back. Commissioners Sandahl and Helmberger
accepted Chair Harms suggestion and the consideration of the issues in two separate
motions.
HRA Meeting Minutes-3-September 20, 1999
M/Sandahl, S/Helmberger that staff is authorized to make any necessary minor
changes in the First Amendment to the Contract for Private Development between the
HRA and RSA for the Urban Village Project to satisfy the lender upon their final review
subject to approval of the HRA Chair or the majority of the HRA if the Chair is not
available; and that the following HRA resolution be adopted, that it be spread in the HRA
resolution book and that it be made part of these minutes:
HRA RESOLUTION NO. 728
RESOLUTION APPROVING FIRST AMENDMENT TO CONTRACT FOR PRIVATE
REDEVELOPMENT URBAN VILLAGE
Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 728 in
HRA Resolution Book No. 6.
M/Sandahl, S/Helmberger that staff review and consider the request of Mr. Susee
for funding assistance for the storm sewer construction for the Urban Village Project and
report back to the HRA on their assessment of this request.
Motion carried 4-0.
Item #3CONSIDERATION OF RESOLUTIONS PERMITTING INITIATION OF
RICHFIELD REDISCOVERED PROGRAM FOR 1999. HRA LETTER NO. 59
Acting Executive Director Devich reviewed HRA Letter No. 59 regarding
consideration of resolutions regarding the Richfield Rediscovered New Construction
Program related to:
x
Demolition of structurally substandard buildings
x
Inclusion of lots in the redevelopment tax increment financing district for the
Richfield Rediscovered 1999 Tax Increment Financing District and Plan
x
Modification of Richfield Redevelopment Project Area Plan
x
Modification to the Gramercy Tax Increment Financing Plan
x
Modification to the Urban Village Tax Increment Financing Plan
x
Establishment of the Richfield Rediscovered 1999 Tax Increment Financing
District
Larry Wozniczka, 6744 Wentworth Avenue, asked questions regarding the amount
of funds necessary to fund the program, acquisition costs, about his calculation that there
would be funds in excess of that needed to complete the projected projects, sources of
revenue and the use of the bond proceeds.
HRA Meeting Minutes-4-September 20, 1999
Housing and Redevelopment Manager Nordquist reviewed the remodeling,
transformation loan, and new construction elements of the Richfield Rediscovered
program, including estimated costs and number of projects.
Community Development Director Palmborg reviewed the projected two-year cycle
of activity and use of the bond proceeds including administrative costs.
Sid Inman, Ehlers & Associates, reviewed the four-year budget cycle and bonding
estimates.
Mr. Wozniczka stated concerns that the amount of the bonds did not compute to the
projected projects by his calculations.
M/Stokes, S/Sandahl that the following HRA resolution be adopted, that it be spread
in the HRA resolution book and that it be made part of these minutes:
HRA RESOLUTION NO. 729
RESOLUTION REGARDING DEMOLITION OF
STRUCTURALLY SUBSTANDARD BUILDINGS AND INCLUSION OF LOTS
IN THE REDEVELOPMENT TAX INCREMENT FINANCING DISTRICT FOR
RICHFIELD REDISCOVERED NEW CONSTUCTION PROGRAM, 1999
Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 729 in
HRA Resolution Book No. 6.
M/Stokes, S/Helmberger that the following HRA resolution be adopted, that it be
spread in the HRA resolution book and that it be made part of these minutes:
HRA RESOLUTION NO. 730
RESOLUTION MODIFYING THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND ADOPTING THE MODIFICATION TO THE REDEVELOPMENT PLAN RELATING
THERETO; MODIFYING THE TAX INCREMENT FINANCING PLAN FOR THE
GRAMERCY TAX INCREMENT FINANCING DISTRICT; MODIFYING THE TAX
INCREMENT FINANCING PLAN FOR THE URBAN VILLAGE TAX INCREMENT
FINANCING DISTRICT; ESTABLISHING WITHIN THE RICHFIELD REDEVELOPMENT
PROJECT AREA, RICHFIELD REDISCOVERED 1999 TAX INCREMENT FINANCING
DISTRICT AND ADOPTING THE TAX INCREMENT FINANCING PLAN RELATED
THERETO; ALL RELATING TO THE
RICHFIELD REDISCOVERED NEW CONSTRUCTION PROGRAM
Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 730 in
HRA Resolution Book No. 6.
HRA Meeting Minutes-5-September 20, 1999
Item #4CONSIDERATION OF RESOLUTION AUTHORIZING FORM OF TAX
INCREMENT PLEDGE AGREEMENT WITH CITY OF RICHFIELD
RELATING TO $1,700,000 GENERAL OBLIGATION TAXABLE TAX
INCREMENT BONDS, SERIES 1999A. HRA LETTER NO. 60
Acting Executive Director Devich reviewed HRA Letter No. 60 regarding a proposed
resolution authorizing the form of a Tax Increment Pledge Agreement with the City of
Richfield relating to $1,700,000 General Obligation Taxable Tax Increment Bonds, Series
1999A.
Sid Inman, Ehlers & Associates, provided an amendment to the resolution adding
the current Richfield Rediscovered T.I.F. District tax increments as pledged to pay principal
and interest on the bonds.
M/Helmberger, S/Stokes that the following HRA resolution as amended be adopted,
that it be spread in the HRA resolution book and that it be made part of these minutes:
HRA RESOLUTION NO. 731
RESOLUTION AUTHORIZING THE FORM OF A TAX INCREMENT PLEDGE
AGREEMENT WITH THE CITY OF RICHFIELD RELATING TO $1,700,000 GENERAL
OBLIGATION TAXABLE TAX INCREMENT BONDS, SERIES 1999A
Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 731 in
HRA Resolution Book No. 6.
Item #5CONSIDERATION OF CITY COUNCIL RESOLUTION AUTHORIZING
CONTINUED PARTICIPATION IN LIVABLE COMMUNITIES ACT
PROGRAMS ADMINISTERED BY METROPOLITAN COUNCIL. HRA
LETTER NO. 61
Acting Executive Director Devich reviewed HRA Letter No. 61 regarding the
proposed HRA recommendation to the City Council to continue participation in the Local
Housing Incentive Account Program under the Metropolitan Livable Communities Act for
the year 2000.
Larry Wozniczka, 6744 Wentworth Avenue, stated concerns about some of the
Metropolitan Livable Communities Act housing goals regarding affordability and ownership.
HRA Meeting Minutes-6-September 20, 1999
M/Stokes, S/Sandahl to recommend that the City Council adopt a resolution
authorizing continued participation in the Local Housing Incentive Account Program under
the Metropolitan Livable Communities Act for the year 2000.
Motion carried 4-0.
Item #6CONSIDERATION OF RESOLUTION AUTHORIZING PURCHASE OF 7241
SECOND AVENUE UNDER RICHFIELD REDISCOVERED PROGRAM.
HRA LETTER NO. 62
Acting Executive Director Devich reviewed HRA Letter No. 62 regarding the
proposed purchase of 7241 Second Avenue for the Richfield Rediscovered Program.
M/Sandahl, S/Stokes that the following HRA resolution be adopted, that it be spread
in the HRA resolution book and that it be made part of these minutes:
HRA RESOLUTION NO. 732
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT 7241
SECOND AVENUE FOR THE RICHFIELD REDISCOVERED PROGRAM
Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 732 in
HRA Resolution Book No. 6.
Item 7# EXECUTIVE DIRECTOR REPORT
None.
Item #8CLAIMS AND PAYROLL
M/Sandahl, S/Stokes that the following claims and payrolls be approved:
FIRSTAR BANK
Section 8 Checks:14103 - 14208$127,803.65
HRA Checks20778 - 20796; 20997 - 21057$381,369.13
Motion carried 4-0.
HRA Meeting Minutes-7-September 20, 1999
ADJOURNMENT
The meeting was adjourned by unanimous consent at 7:50 p.m.
Date Approved:
Thomas E. Harms
Chair
Thomas P. FerberSteven L. Devich
City ClerkActing Executive Director