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05-21-01 Regular I I I HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting May 21, 2001 The meeting was called to order by Vice Chair Heimberger at 7:00 p.m. HRA Members Present: Joan Heimberger; Dan Linnihan; Michael Sandahl; and Kristal Stokes. HRA Members Not Present: Thomas Harms. Staff Present: Samantha Orduno, Executive Director; Steven Devich, Acting City Clerk; Bruce Palmborg, Community Development Director; John Stark, Community Development Manager; Bruce Nordquist, Housing and Redevelopment Manager; and John Dean, City Attorney (arrived at 7:23 p.m.). MIStakes, S/Linnihan to approve the minutes of the (1) Special HRA Closed Executive Session of March 19, 2001; (2) Special Concurrent Meetinq of HRA and City Council of April 1 0, 2001; (3) Reqular HRA Meetinq of April 16, 2001: and (4) Special HRA Meetinq of April 23, 2001. Motion carried 4-0. ___I HRA Meeting Minutes -2- May 21,2001 Item #1 John Sieff, owner of the former Lyndale Hardware property, reported on the status of his property and the City Bella project. Mr. Sieff indicated that a new contract has been signed between the City Bella developers and himself. He thanked the HRA and staff for all their assistance in this matter. Mike Conlan, Gramercy Corporation, expressed his delight that an agreement between his firm and John Sieff was concluded for the City Bella project. Item #2 M/Sandahl, S/Stokes to approve the agenda. Motion carried 4-0. Item #3 A. Approved purchase of 7039 Fifth Avenue with Community Development Block Grant funds for 2001-2002 New Home Program SR. No. 41 HRA RESOLUTION NO. 818 RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT 7039 FIFTH AVENUE SOUTH FOR THE 2001-2002 NEW HOME PROGRAM This HRA Resolution appears as HRA Resolution No. 818 in HRA Resolution Book NO.6. B. Approved resolution authorizing release of $920,000 Irrevocable Standby Letter of Credit dated October 30, 2000 for account of CSM Investors, Inc. for Shops at Lyndale, Phase" SR. No. 42 HRA RESOLUTION NO. 819 RESOLUTION AUTHORIZING THE RELEASE OF THE IRREVOCABLE STANDBY LETTER OF CREDIT DATED OCTOBER 30, 2000 FOR THE ACCOUNT OF CSM INVESTORS, INC. FOR SHOPS AT L YNDALE, PHASE II I I I I I I - - -- ,-- -- - ~ - - -~'~,I: --:t~V,.ilt}- --Jt,~'11~r":"J'''~' - . , Rr '. HRA Meeting Minutes -3- May 21,2001 This HRA Resolution appears as HRA Resolution No. 819 in HRA Resolution Book NO.6. ). "'C' ,H .." M/Sandahl, S/Linnihan to approve the consent calendar. Motion carried 4-0. Item #4 Community Development Manager Stark reviewed Staff Report 43 regarding consideration of options for continuation of the redevelopment process for Lyndale Gateway area. Mr. Stark stated that CSM has still not concluded a lease agreement with Walgreens. He added that in the absence of such a signed lease, staff is recommending that the exclusive contract for redevelopment with CSM be terminated. Murray Kornberg, President of CSM, stated that as of today the lease with Walgreens is still not signed. He stated that he took offense with the information in the staff report that CSM is in default. He feels they are not, and that after February 1, 2001 the contract was void. Mr. Kornberg stated that CSM was working diligently to get the lease signed. He said that while CSM has done everything they could to get the lease done, he understands the HRA's frustration. Commissioner Sandahl asked Mr. Kornberg if CSM would suspend pursuit of the lease with Walgreens once the HRA terminates this agreement. Mr. Kornberg responded that he wasn't sure how Walgreens would respond to finding out that the agreement with CSM has been terminated. He said that CSM will continue to work with Walgreens, but can't predict how Walgreens will respond. City Attorney Dean stated that the resolution terminating the Exclusive Rights Agreement with CSM doesn't mention breach or failure to perform. Commissioner Sandahl asked if anyone on staff was aware of alternative development proposals, and if so, how long before a project could go forward. Executive Director Orduno responded that others have expressed interest in this area in the past and so another project could be a reality. However, she added that it would likely take between 12 to 18 months before another project would get underway. Steve Sawitzke, A-1 Foam, stated that he has sent a letter about this matter for the record. He stated that he has lost $50,000 so far this year and he feels it is due to the current situation. Mr. Sawitzke stated that firm contracts with developers are needed in the future if the HRA is involved in redevelopment efforts. H RA Meeting Minutes -4- May 21, 2001 MIStokes, S/Linnihan to approve the Aqreement Terminatinq Contract for Private Redevelopment between HRA and CSM Investors II, Inc. for Lyndale Gateway redevelopment. I Commissioner Linnihan stated that he is extremely frustrated with the process. However, he indicated his desire that CSM still pursue the lease with Walgreens and subsequently adopt a new contract. Vice Chair Heimberger agreed with Commissioners Sandahl and Linnihan in that this situation has gone on for too long, even though she feels CSM has a good project. Motion carried 4-0. Item #5 Housing and Redevelopment Manager Nordquist reviewed Staff Report No. 44 regarding consideration of a temporary lease for HRA owned unimproved property at 709 I Graham Avenue for parking and execution of an agreement with Gramercy Corporation and Gramercy Park. Mr. Nordquist stated that the temporary parking would provide for 16 parking spaces and upgraded north entrances to the Gramercy building and VFW. Commissioner Linnihan asked Mr. Conlan if the majority of people parking in the Nature Center lot are for the VFW or Gramercy. Mike Conlan responded that the parking at the Nature Center was mainly for visitors to Gramercy. He said a new upgraded side entrance to Gramercy will make the parking on the north side much more convenient. Vice Chair Heimberger asked if there is going to be a problem with stairs. Mr. Conlan said there would be a problem for some people and an education process will be needed to instruct people to be dropped off in front. Vern Luettinger, 6711 Lakeshore Drive, stated that visitor parking is still a big problem for residents of the Gramercy building. He stated that handicapped parking on the rear entrance is needed. Vice Chair Heimberger stated that this parking issue could be addressed as a part of the specifics of the lease agreement. I I I I ~~'.tr~t~-,:~ ,!~- {frh~-~~;:-;t7,~ r "",. i ;~ -'. HRA Meeting Minutes -5- May 21,2001 Mr. Luettinger stated that parking is a very serious concern for visitors at Gramercy, especially for the handicapped. He""statea that even' 1 0 spaces on the west of the building would help. Carl Cornell, 6615 Lakeshore Drive #807, wanted to know how Gramercy got a permit for their building without visitor parking. He stated that he didn't feel it was legal to use the Nature Center parking lot without compensation. He said mistakes in the past are coming home to roost. Gertrude Ulrich, 7601 Aldrich Avenue, asked if the west side of Gramercy could be used for some parking. Commissioner Stokes stated that she's not familiar with any plans, but there are some problems to be addressed like the topography of the area if parking on the west side of Gramercy is pursued. Commissioner Sandahl asked that staff explore discussions about the Davis property on the west side in addressing this parking matter with Gramercy. Commissioner Linnihan asked Executive Director Orduno to explore speed control and traffic calming measures on Lakeshore Drive, such as a crosswalk. Vern Luettinger asked about crosswalks and signage on Lakeshore Drive. Executive Director Orduno cautioned everyone about the potential hazards associated with crosswalks. She added that the City could use some enforcement measures to address speeding on Lakeshore Drive. M/Sandahl, S/Helmberger to approve the temporary leasinq of property at 709 Graham Avenue and the execution of an aqreement with Gramercy Corporation and Gramercy Park by the Chair and Executive Director. Motion carried 4-0. Item #6 Housing and Redevelopment Manager Nordquist reviewed Staff Report No. 45 regarding consideration of three resolutions related to HRA's contract for private development with Richfield State Agency for Urban Village (AKA Woodlake Centre) and to authorize issuance of tax increment notes related to the project. Executive Director Orduno advised the HRA that a memorandum containing additional provisions to the Richfield State Agency contract for private development was HRA Meeting Minutes -6- May 21,2001 distributed to the HRA this evening and is before them. It should be added to the resolutions for consideration on this item. The HRA Commissioners acknowledged the additional language. M/Sandahl, S/Stokes that the following HRA resolutions be adopted. that they be spread in the HRA resolution book and that they be made part of these minutes and the amendment to the contract be included: HRA RESOLUTION NO. 820 RESOLUTION APPROVING AN AMENDED AND RESTATED CONTRACT FOR PRIVATE REDEVELOPMENT BETWEEN THE HRA AND RICHFIELD STATE AGENCY, INC. RESOLUTION NO. 821 RESOLUTION AWARDING THE SALE OF, AND PROVIDING THE FORM, TERMS, COVENANTS AND DIRECTIONS FOR THE ISSUANCE OF ITS TAX INCREMENT REVENUE NOTE, SERIES 2001A. RESOLUTION NO. 822 RESOLUTION AWARDING THE SALE OF, AND PROVIDING THE FORM, TERMS, COVENANTS AND DIRECTIONS FOR THE ISSUANCE OF ITS TAXABLE TAX INCREMENT REVENUE NOTE, SERIES 2001 B Motion carried 4-0. These HRA Resolutions appear as HRA Resolutions No.'s 820, 821 and 822 in HRA Resolution Book NO.6. Item #7 M/Stokes, S/Linnihan that the followinq claims and payrolls be approved: FIRST AR BANK Section 8 Checks: 101909-102022 HRA Checks: 25131-25142; 25460 - 25511 $149,715.39 $268,259.13 Motion carried 4-0. I II I HRA Meeting Minutes -7- May 21, 2001 I ~.. .~ The meeting was adjourned by unanimous consent at 8:05 p.m. L. Oevich Acting City Clerk I I