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12-18-00 Regular HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting December 18, 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; Kristal Stokes, and Dan Linnihan. Staff Present:Samantha Orduno, Executive Director; Julie Urban, Acting Deputy City Clerk; Bruce Palmborg, Community Development Director; and Bruce Nordquist, Housing and Redevelopment Manager. APPROVAL OF MINUTES M/Helmberger, S/Sandahl to approve the minutes of the Regular HRA Meeting of November 20, 2000 and the Special HRA Meeting of November 27, 2000. Motion carried 5-0. Item #1OPPORTUNITY FOR CITIZENS TO ADDRESS THE HRA No one wished to address the HRA. HRA Meeting Minutes-2-December 18, 2000 HRA APPROVAL OF AGENDA Item #2 The agenda was approved by unanimous consent. Item #3CONSENT CALENDAR A.Approved resolution authorizing transfer of $210,000 from HRA Capital Project Fund (Bonds of 1996) to fund acquisition of 6639 Lake Shore Drive; Gramercy TIF District S.R. No 83 RESOLUTION NO. 795 RESOLUTION AUTHORIZING TRANSFER OF FUNDS FROM THE HRA CAPITAL PROJECT FUND (BONDS OF 1996) This HRA Resolution appears as HRA Resolution No. 795 in HRA Resolution Book No. 6. B.Approved professional services agreement with Brian Ringham for property evaluation services S.R. No. 84 M/Sandahl, S/Stokes to approve the consent calendar. Motion carried 5-0. Item #4PUBLIC HEARING AND CONSIDERATION OF RESOLUTION AUTHORIZING SALE OF 6537-14TH AVENUE AND 6224 BLOOMINGTON AVENUE S.R. NO. 85 Community Development Director Palmborg reviewed Staff Report No. 85 regarding the sale of properties at 6537 14th Avenue and 6224 Bloomington Avenue. M/Sandahl, S/Stokes to close the public hearing. Motion carried 5-0. M/Helmberger, 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 Meeting Minutes-3-December 18, 2000 HRA RESOLUTION NO. 796 RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT 6537- 14TH AVENUE AND 6224 BLOOMINGTON AVENUE Motion carried 5-0. This HRA Resolution appears as HRA Resolution No. 796 in HRA Resolution Book No. 6. Item #5CONSIDERATION OF CONTRACT FOR PRIVATE REDEVELOPMENT AND CONTINUE TO JANUARY 16, 2001 THE PUBLIC HEARING ON BUSINESS SUBSIDY AGREEMENT FOR CITY BELLA PROJECT S.R. NO. 86 Housing and Redevelopment Manager Nordquist reviewed Staff Report No. 86 regarding consideration of the contract for private redevelopment and continuation of the public hearing on the business subsidy agreement for the City Bella Project. Mr. Nordquist explained that the financial aspects of the City Bella project need additional study, so the hearing on the business subsidy agreement should be continued to January. Mike Conlan, representing Gramercy Inc., reviewed the project components and described the changes that have been made to the concept plan. Sid Inman, Ehlers & Associates, Inc., reviewed the financial aspects of the tax increment financing assistance. A separate Tax Increment District for the City Bella project is being considered. If this occurs, it would shorten the length of the district for the Gramercy Park Cooperative and give the City Bella project the benefit of a full 25-year district. Mr. Conlan pointed out that it is the rental apartments that require financial assistance. He explained that they are attempting to include an affordable component and are trying to work with a non-profit organization to own and manage the units. In response to a question from Chair Harms, Mr. Inman explained the timing of the financing. M/Sandahl, S/Stokes to approve the contract for redevelopment. Motion carried 5-0. M/Linnihan, S/Helmberger to continue the public hearing on Business Subsidy Agreement for the City Bella Project to January 16, 2001. Motion carried 5-0. HRA Meeting Minutes-4-December 18, 2000 Item #6CONSIDERATION OF RESOLUTION APPROVING MODIFICATION TO TAX INCREMENT FINANCING PLAN FOR INTERCHANGE WEST AND LYNDALE GATEWAY TAX INCREMENT FINANCING DISTRICT S.R. NO. 87 Community Development Director Palmborg reviewed Staff Report No. 87 regarding a modification to the tax increment financing plan for the Interchange West and Lyndale Gateway tax increment financing district. 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. 797 RESOLUTION ADOPTING THE MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR THE INTERCHANGE WEST AND LYNDALE GATEWAY TAX INCREMENT FINANCING DISTRICT Motion carried 5-0. This HRA Resolution appears as HRA Resolution No. 797 in HRA Resolution Book No. 6. Item #7 EXECUTIVE DIRECTOR REPORT None. Item #13CLAIMS AND PAYROLL M/Sandahl, S/Stokes that the following claims and payrolls be approved: FIRSTAR BANK Section 8 Checks: 101299-101416$139,597.70 HRA Checks: 24592-24601; 24974-25017$189,167.09 Motion carried 5-0. HRA Meeting Minutes-5-December 18, 2000 ADJOURNMENT The meeting was adjourned by unanimous consent at 7:26 p.m. Date Approved: Tom Harms Chair Julie UrbanSamantha Orduno Acting Deputy City ClerkExecutive Director