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101711regular HOUSING AND REDEVELOPMENT RICHFIELD AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting October 17, 2011 CALL TO ORDER The meeting was called to order by Vice Chair Quam at 7:00 p.m. ROLL CALL HRA Members Sue Sandahl, Chair (arrived at 7:05 p.m.); Joan Helmberger, Debbie Present: Goettel, and Steven Quam HRA Members Doris Rubenstein Absent: Staff Present: Steven L. Devich, City Manager; John Stark, Community Development Director; Karen Barton, Assistant Community Development Director; and Nancy Gibbs, City Clerk. Item #1 APPROVAL OF MINUTES OF (1) REGULAR HRA MEETING OF SEPTEMBER 19, 2011 M/Goettel, S/Helmberger to approve the minutes of the Regular HRA Meeting of September 19, 2011. Motion carried 3-0. Item #2 HRA APPROVAL OF AGENDA M/Goettel, S/Helmberger to approve the agenda. Motion carried 3-0. HRA Meeting -2- October 17,2011 Item #3 RECOGNITION OF OUTGOING HRA COMMISSIONER JOAN HELMBERGER Commission Member Goettel presented Commission Member Helmberger with a plaque for 31 years of service to the Richfield Housing and Redevelopment Authority. Item #4 CONSIDERATION OF REQUEST FOR SUBORDINATION OF HRA TRANSFORMATION HOME LOAN AT 6813 QUEEN AVENUE (STAFF REPORT NO. 45) Assistant Community Development Director Barton presented Staff Report No. 45. M/Goettel, S/Sandahl to approve request for subordination of HRA Transformation Home Loan at 6813 Queen Avenue. Motion carried 4-0. Item #5 CONSIDERATION OF REQUEST FOR FORGIVENESS OF HRA DEFERRED LOAN AT 7333 WENTWORTH AVENUE (STAFF REPORT NO. 46) Assistant Community Development Director Barton presented Staff Report No. 46. M/Goettel, S/Helmberger to approve request for forgiveness of HRA deferred loan at 7333 Wentworth Avenue. Motion carried 4-0. Item #6 CONSIDERATION OF RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT 7544 SECOND AVENUE THROUGH RICHFIELD REDISCOVERED PROGRAM (STAFF REPORT NO. 47) Assistant Community Development Director Barton presented Staff Report No. 47. M/Quam, S/Sandahl that the following resolution be adopted and that it be made part of these minutes HRA RESOLUTION NO. 1108 RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT 7544 2nd AVENUE Motion carried 4-0. This resolution appears as HRA Resolution No. 1108. HRA Meeting -3- October 17,2011 Item #7 CONSIDERATION OF RESOLUTION AFFIRMING CITY COUNCIL'S CALL FOR PUBLIC HEARING ON PROPOSED MODIFICATION TO REDEVELOPMENT PLAN FOR RICHFIELD REDEVELOPMENT PROJECT AREA AND PROPOSED ESTABLISHMENT OF PILLSBURY COMMONS TAX INCREMENT FINANCE DISTRICT (STAFF REPORT NO. 48) Community Development Director Stark presented Staff Report No. 48. Commission Member Goettel asked staff to prepare a memo on what amenities these apartments will include. M/Sandahl, S/Goettel to affirm the City Council's call for public hearing on proposed modification to redevelopment plan for Richfield Redevelopment Project Area and proposed establishment of Pillsbury Commons Tax Increment Finance District. Motion carried 4-0. Item #8 CONSIDERATION OF CONTRACT FOR PRIVATE DEVELOPMENT WITH LYNDALE GARDENS, LLC FOR REDEVELOPMENT OF FORMER LYNDALE GARDEN CENTER PROPERTY(STAFF REPORT NO. 49) Assistant Community Development Director Barton presented Staff Report No. 49. Colleen Carey and Beth Pfeifer of The Cornerstone Group/Lyndale Gardens, LLC were available for questions. M/Sandahl, S/Helmberger to approve contract for private development with Lyndale Gardens, LLC for redevelopment of former Lyndale Garden Center property. Motion carried 4-0. Item #9 CONSIDERATION OF RESOLUTION AMENDING LYNDALE GARDENS TAX INCREMENT FINANCING PLAN (STAFF REPORT NO. 50) Assistant Community Development Director Barton presented Staff Report No. 50. Dennis Schuller, 7144 Garfield Avenue, stated he supports the projects, however, he has concerns regarding the developer and the Kensington project. Colleen Carey, representing The Cornerstone Group/Lyndale Gardens, LLC explained what was happening with Kensington project. Chair Sandahl stated the Kensington project has not cost the city any money. HRA Meeting -4- October 17,2011 Commission Member Quam stated Tax Increment Financing (TIF) plans on Kensington project is similar to other TIF plans in the city. M/Sandahl, S/Quam that the following resolution be adopted and that it be made part of these minutes HRA RESOLUTION NO. 1109 RESOLUTION APPROVING MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR LYNDALE GARDENS TAX INCREMENT FINANCING DISTRICT Motion carried 4-0. This resolution appears as HRA Resolution No. 1109. Item #10 HRA DISCUSSION ITEMS None. Item #11 EXECUTIVE DIRECTOR REPORT Executive Director Devich reported that Lyndale Plaza will be breaking ground for new development on Wednesday, October 19, 2011 at 11:30 a.m. Executive Director Devich also reminded everyone that during Commission Member Helmberger's 31 years in the HRA she was part of the decision making for projects such as 66th and Lyndale, Best Buy Campus and many, many more. Item #12 CLAIMS AND PAYROLL M/Goettel, S/Quam that the following claims and payrolls be approved: U.S BANK 10/17/2011 Section 8 Checks: 121070-121171 $ 142,653.70 HRA Checks: 31305-31330 $ 69,781.35 TOTAL $ 212,435.05 Motion carried 4-0. HRA Commissioner Goettel stated she would like to recognize HRA Commissioner Helmberger at the next City Council meeting for her long term on the HRA. ADJOURNMENT The meeting was adjourned by unanimous consent at 7:54 p.m. HRA Meeting -5- October 17,2011 / i Date Approved: November 21, 2011 . ° --- V r ice 1I " Nancy Gibbs - = %L. Devi h City Clerk Executive Director