11-20-00 Regular
HOUSING AND REDEVELOPMENT
AUTHORITY MEETING MINUTES
Richfield, Minnesota
Regular Meeting
November 20, 2000
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; Michael Sandahl and Dan
Linnihan.
HRA Members
Not Present:Kristal Stokes.
Staff Present:Samantha Orduno, Executive Director; Steven Devich, Acting City
Clerk; Bruce Palmborg, Community Development Director; Bruce
Nordquist, Housing and Redevelopment Manager; and John Dean,
City Attorney.
APPROVAL OF MINUTES
M/Helmberger, S/Sandahl to approve the minutes of the Regular HRA Meeting of
October 16, 2000.
Motion carried 4-0.
HRA Meeting Minutes-2-November 20, 2000
Item #1OPPORTUNITY FOR CITIZENS TO ADDRESS THE HRA
No wished to address the HRA.
HRA APPROVAL OF AGENDA
Item #2
Executive Director Orduno stated that the agenda was to be modified so that Items
4, 5, 6 and 7 be continued to November 27, 2000 at 5 p.m.
M/Sandahl, S/Linnihan to approve the agenda as modified.
Motion carried 4-0.
Item #3CONSENT CALENDAR
A.Approved concept of leasing property at 7200 Cedar Avenue to Steve Jensen, owner
of The Transmission Shop and Smith & Nielsen S.R. No. 68
B.Approved resolution authorizing eminent domain proceedings to acquire certain real
properties S.R. No. 69
RESOLUTION NO. 787
RESOLUTION AUTHORIZING EMINENT DOMAIN PROCEEDINGS
TO ACQUIRE CERTAIN REAL PROPERTIES
This HRA Resolution appears as HRA Resolution No. 787 in HRA Resolution Book
No. 6.
C.Approved resolution approving appraised value of properties in pending
condemnation actions S.R. No. 70
RESOLUTION NO. 788
RESOLUTION APPROVING APPRAISED VALUES OF PROPERTIES
IN PENDING CONDEMNATION ACTIONS
This HRA Resolution appears as HRA Resolution No. 788 in HRA Resolution Book
No. 6.
HRA Meeting Minutes-3-November 20, 2000
M/Sandahl, S/Helmberger to approve the consent calendar.
Motion carried 4-0.
Item #4CONSIDERATION OF FIRST AMENDMENT TO CONTRACT FOR
PRIVATE DEVELOPMENT WITH BEST BUY CO., INC. S. R. NO. 71
Consideration of first amendment to contract for private development with Best Buy
Co., Inc. to be continued to November 27, 2000 at 5 p.m.
Item #5PUBLIC HEARING REGARDING RESOLUTION AUTHORIZING
ADOPTION OF BUSINESS SUBSIDY AGREEMENT WITH BEST BUY,
CO., INC. S. R. NO. 72
Public hearing regarding resolution authorizing adoption of business subsidy
agreement with Best Buy Co., Inc. to be continued to November 27, 2000 at 5 p.m.
Item #6CONSIDERATION OF RESOLUTION REGARDING APPROVAL OF
MODIFICATION TO TAX INCREMENT FINANCING PLAN FOR
INTERCHANGE WEST AND LYNDALE GATEWAY TAX INCREMENT
FINANCING DISTRICT S. R. NO. 73
Consideration of resolution regarding approval of modification to Tax Increment
Financing Plan for Interchange West and Lyndale Gateway Tax Increment Financing
District to be continued to November 27, 2000 at 5 p.m.
Item #7PUBLIC HEARING REGARDING RESOLUTION AUTHORIZING
ADOPTION OF BUSINESS SUBSIDY AGREEMENT WITH CSM
INVESTORS II, INC. RELATED TO DEVELOPMENT WITHIN LYNDALE
GATEWAY REDEVELOPMENT AREA S. R. NO. 74
Public hearing regarding resolution authorizing adoption of business subsidy
agreement with CSM Investors II, Inc. related to development within Lyndale Gateway
Redevelopment Area to be continued to November 27, 2000 at 5 p.m.
HRA Meeting Minutes-4-November 20, 2000
Item #8CONSIDERATION OF MODIFIED PRECONDITIONS AND 30-DAY
EXTENSION TO RESPOND TO HRA ON MODIFIED PRECONDITIONS
AND CONTINUE PUBLIC HEARING FOR BUSINESS SUBSIDY
AGREEMENT FOR CITY BELLA TO DECEMBER 18, 2000 S. R. NO. 75
Housing and Redevelopment Manager Nordquist reviewed Staff Report No. 75
regarding consideration of modified preconditions and 30-day extension to respond to HRA
on modified preconditions and continue a public hearing for the Business Subsidy
Agreement for City Bella to December 18, 2000.
Chair Harms asked if Mr. Nordquist felt the developer will move forward with due
diligence.
Mr. Nordquist responded that he felt they would.
M/Sandahl, S/Linnihan to authorize modified preconditions and a 30-day extension
of time to respond to the Housing and Redevelopment Authority on the modified
preconditions and continue a public hearing for the Business Subsidy Agreement for City
Bella to 7 p.m., Monday, December 18, 2000.
Motion carried 4-0.
Item #9PRESENTATION OF FINANCIAL REPORTING ANALYSIS TAX
INCREMENT DISTRICTS FOR LHN, ILN AND CABA PREPARED BY HLB
TAUTGES REDPATH, LTD., AND CONSIDERATION OF RESOLUTION
APPROVING AND RATIFYING FINANCIAL TRANSACTIONS RELATED
TO CERTAIN TAX INCREMENT FINANCING DISTRICTS S. R. NO. 76
Community Development Director Palmborg reviewed Staff Report No. 76 regarding
presentation of financial reporting analysis Tax Increment Districts for LHN, ILN and CABA
prepared by HLB Tautges Redpath, Ltd., and consideration of a resolution approving and
ratifying financial transactions related to certain Tax Increment Financing Districts.
Mr. Palmborg introduced Rob Tautges who reviewed the report in greater detail with
the HRA.
Mr. Tautges reviewed the specific recommendations that are contained on page 5
of the report.
M/Sandahl, 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 Meeting Minutes-5-November 20, 2000
HRA RESOLUTION NO. 789
RESOLUTION APPROVING AND RATIFYING
FINANCIAL TRANSACTION RELATED TO
CERTAIN TAX INCREMENT FINANCING DISTRICTS
Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 789 in
HRA Resolution Book No. 6.
Item#10PRESENTATION OF RICHFIELD HOUSING AND REDEVELOPMENT
AUTHORITY TAX INCREMENT DISTRICT STATUS UPDATE S. R. NO. 77
Community Development Director Palmborg reviewed Staff Report No. 77 regarding
presentation of Richfield Housing and Redevelopment Authority Tax Increment District
Status Report.
Sid Inman, Ehlers/Publicorp, Inc., made a more detailed presentation of the status
update report. He stated that in 2002 when the LHN is closed and the taxes begin flowing
to the taxing jurisdictions, the City will receive approximately $450,000 in additional taxes.
Mr. Inman stated that the City’s TIF Districts are in a very good financial position.
M/Sandahl, S/Helmberger to accept the Richfield Housing and Redevelopment
Authority Tax Increment District Status Update.
Motion carried 4-0.
Item#11PUBLIC HEARING AND CONSIDERATION OF RESOLUTION ADOPTING
2001 HRA BUDGET AND PROPERTY TAX LEVY FOR 2001 AND
RESOLUTION ADOPTING REVISION OF 2000 HRA BUDGET S. R. NO.
78
Administrative Services Director Steven Devich reviewed Staff Report No. 78
regarding consideration of a resolution adopting 2001 HRA budget and property tax levy
for 2001 and a resolution adopting the revision of 2000 HRA budget.
M/Sandahl, S/Linnihan to close the public hearing.
Motion carried 4-0.
M/Sandahl, 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 Meeting Minutes-6-November 20, 2000
RESOLUTION NO. 790
RESOLUTIONADOPTING 2001 HOUSING AND REDEVELOPMENT AUTHORITY
BUDGET AND CERTIFYING THE 2001 TAX LEVY
Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 790 in
HRA Resolution Book No. 6.
M/Helmberger, S/Linnihan 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:
RESOLUTION NO. 791
RESOLUTIONAUTHORIZING REVISION OF THE 2000 BUDGET OF THE
HOUSING AND REDEVELOPMENT AUTHORITY OF RICHFIELD
Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 791 in
HRA Resolution Book No. 6.
Item #12 EXECUTIVE DIRECTOR REPORT
None.
Item #13CLAIMS AND PAYROLL
M/Sandahl, S/Linnihan that the following claims and payrolls be approved:
FIRSTAR BANK
Section 8 Checks: 101183-101298$133,553.38
HRA Checks: 24569-24591; 24912-24972$324,191.78
Motion carried 4-0.
HRA Meeting Minutes-7-November 20, 2000
ADJOURNMENT
The meeting was adjourned by unanimous consent at 7:35 p.m.
Date Approved:
Tom Harms
Chair
Steven L. DevichSamantha Orduno
Acting City ClerkExecutive Director