08-20-01 Regular
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HOUSING AND REDEVELOPMENT
AUTHORITY MEETING MINUTES
Richfield, Minnesota
Regular Meeting
August 20, 2001
The meeting was called to order by Chair Harms at 7:00 p.m.
HRA Members
Present:
Thomas Harms; Michael Sandahl; Dan Linnihan; and Joan
Heimberger.
HRA Members
Not Present:
Kristal Stokes.
Staff Present:
Steven Devich, Acting Executive Director/Acting City Clerk; Bruce
Palmborg, Community Development Manager; and Bruce Nordquist,
Housing and Redevelopment Manager.
M/Stokes, S/Linnihan to approve the amended minutes of the (1) Special HRA
Closed Executive Session of Julv 16, 2001; (2) Reqular HRA Meetinq of Julv 16. 2001; (3)
Special Concurrent HRA and City Council Meeting of Julv 25,2001; and (4) Special
Concurrent HRA and City Council Meetinq of Auqust 1, 2001.
Motion carried 4-0.
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HRA Meeting Minutes
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August 20, 2001
Item #1
No one wished to address the HRA.
Item #2
The agenda was approved by unanimous consent.
Item #3
Housing and Redevelopment Manager Nordquist reviewed Staff Report No. 52
regarding a revised City Bella Concept Plan.
Mike Conlan, Gramercy Corporation, made a presentation of the revised City Bella
Concept Plan featuring the Gramercy Club Coop project.
Commissioner Sandahl asked what generally was the size and price of the units.
Mr. Conlan responded that the average cost would be $450,000 and an average
unit size would be approximately 1800 - 1900 square feet.
Chair Harms asked staff for more detailed data on the project plans.
Mr. Nordquist responded that staff would provide the materials to the HRA.
Commissioner Linnihan asked if the average Richfield homeowner would be able to
purchase a unit in this building.
Mr. Conlan responded that it is difficult to assess at this time.
Commissioner Linnihan asked if the developer was cautious regarding the state of
the economy.
Mr. Conlan said that they are aware of the risk, but are willing to take it.
Chair Harms asked about the retail component which was reduced from 45,000
square feet to 30,000 square feet.
Mr. Conlan responded that a quality restaurant is the #1 priority. The other space
would be shops that would fit in the area.
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HRA Meeting Minutes
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August 20, 2001
Chair Harms asked about the first twenty pre-sale contacts.
Mr. Conlan responded that less than half were current Richfield residents.
Sue Sandahl, 7601 Bryant Avenue, asked if there would be a cash contribution for
low-cost housing.
Housing and Redevelopment Manager Nordquist responded that there would be
and that a specific plan for the funds would be developed.
Chair Harms asked for a brief comment from Sid Inman of Ehlers regarding the
financial perspective of the project.
Sid Inman, Ehlers & Associates, Inc., responded that they are just starting the
analysis, especially in looking at the funding gap. The change in tax laws will result in
value compression. For example, $10 million of tax increment will now be closer to $5
million. The project would anticipate decertifying the old TIF district according to Mr.
Inman.
Mr. Nordquist stated that a discussion of more detailed financial data is targeted for
the October HRA meeting.
Chair Harms thanked Mr. Conlan and Mr. Stocco for their presentation.
Item #4
Community Development Director Palmborg reviewed Staff Report No. 53 regarding
consideration of a resolution authorizing the sale of 7241 Second Avenue and 6929 Queen
Avenue to Key-Land Homes; 6529 Emerson Avenue to Professional Builders Corporation;
and 6856 Park Avenue to Spencer Dahl Construction and Rachelle A. Reynolds; all for
single family home new construction.
Commissioner Heimberger complemented the staff on the projects included in this
portion of the Richfield Rediscovered program. She stated that she was familiar with one
property in particular and greatly appreciated the proposed improvement.
M/Sandahl, S/Helmberger to close the public hearinq.
Motion carried 4-0.
HRA Meeting Minutes
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August 20, 2001
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 RESOLUTION NO. 827
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RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT
7241 SECOND AVENUE SOUTH AND 6929 QUEEN AVENUE SOUTH TO KEY-LAND
HOMES, 6529 EMERSON AVENUE SOUTH TO PROFESSIONAL BUILDERS
CORPORATION, AND 6856 PARK AVENUE SOUTH TO SPENCER DAHL
CONSTRUCTION AND RACHELLE A. REYNOLDS
Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 827 in
HRA Resolution Book NO.7.
Item #5
Community Development Director Palmborg reviewed Staff Report No. 54 regarding
consideration of a resolution authorizing the sale of 6444 Clinton Avenue to Affordable I
Suburban Housing, Inc. for rehabilitation and sale to a first time buyer.
M/Helmberger, S/Sandahl to close the public hearing.
Motion carried 4-0.
M/Helmberger, S/Sandahl that the followinq 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. 828
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT
6444 CLINTON AVENUE SOUTH TO AFFORDABLE SUBURBAN HOUSING INC.
Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 828 in
HRA Resolution Book NO.7.
Item #6
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Acting Executive Director Devich presented the proposed tax levy information for
2002. He stated that the new tax laws eliminated HACA aid to the HRA. Mr. Devich
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August 20, 2001
stated that an amount equal to last year's HACA, approximately $48,500, was added to the
2002 HRA property tax levy. '
Community Development Director Palmborg reviewed the overall programmatic and
financial aspects of the proposed budget. He specifically reviewed the major revenue and
expenditure portions of the budget.
Mr. Palmborg stated that the HRA Development Fund would be fully depleted by the
end of 2002.
M/Sandahl, S/Helmberger that the followinq 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. 829
RESOLUTION APPROVING PROPOSED 2002 HOUSING AND REDEVELOPMENT
AUTHORITY BUDGET AND CERTIFYING THE 2002 TAX LEVY
Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 829 in
HRA Resolution Book NO.7
M/Helmberger, S/Sandahl that the followinq 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. 830
RESOLUTION AUTHORIZING REVISION OF THE 2001 BUDGET OF THE
HOUSING AND REDEVELOPMENT AUTHORITY OF RICHFIELD
Motion carried 4-0. This HRA Resolution appears as HRA Resolution No. 830 in
HRA Resolution Book NO.7.
Item #7
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None.
Item #8
M/Helmberger, S/Sandahl that the followinq claims and payrolls be approved:
FIRST AR BANK
Section 8 Checks: 102232 - 102338
HRA Checks: 25186 - 25202; 25662 - 25717
$156,609.52
$1,521,400.50
HRA Meeting Minutes
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August 20, 2001
Motion carried 4-0.
The meeting was adjourned by unanimous consent at 7:54 p.m.
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Dat, PP Dved: September 17. 2001 (Mti2{//~
d 1;{ ~ /v1
~ ~St-even-L. Devich a
Acting City Clerk
Acting Executive Director
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