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04-16-07 Regular ....... HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting April 16, 2007 CALL TO ORDER I The meeting was called to order by Vice Chair Kirsch at 7:00 p.m. ROLL CALL HRA Members Present: Martin Kirsch; David Gepner; Donna Drummond; and Joan Heimberger. HRA Members Not Present: Sue Sandahl. Staff Present: Steve Devich, Executive Director; Bruce Palmborg, Community Development Director; and Nancy Gibbs, City Clerk. M/Drummond, S/Gepner to excuse Chair Sandahl from the Reaular HRA Meetina of April 16.2007. Motion carried 4-0. Item #1 APPROVAL OF MINUTES M/Gepner, S/Helmberger to approve the minutes of Reaular HRA Meetina of March 19. 2007. Motion carried 4-0. Item #2 HRA APPROVAL OF AGENDA HRA Meeting Minutes -2- April 16, 2007 M/Helmberger, S/Gepner to approve the aoenda. Motion carried 4-0. Item #3 CONSIDERATION OF RESOLUTION APPROVING SECOND AMENDMENT TO AGREEMENT REGARDING GRANT FUNDS; CITY BELLA IMPROVEMENTS S.R. NO. 13 Community Development Director Palmborg presented Staff Report No. 13. Commissioner Gepner asked if the signal light boxes needed to be changed due to adding count down traffic lights on Lyndale Avenue and 66th Street. Community Development Director Palmborg replied that they did not need to be changed to add the countdown timers and that the City Bella Homeowners Association supports the move of the signal light boxes. Commissioner Drummond stated she favored Sketch "B". Vice Chair Kirsch agreed with Commissioner Drummond. Commissioner Heimberger asked about $500,000-budget. Community Development Director Palmborg replied that Spider Development will pay any amount over $500,000. Commissioner Gepner stated he had no preference on the design and that Spider Development should use their best judgement. Commissioner Heimberger agreed with Commissioner Drummond and Vice Chair Kirsch on Sketch Design "B". M/Helmberger, SlDrummond that the followino 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. 1012 RESOLUTION APPROVING SECOND AMENDMENT TO AGREEMENT REGARDING GRANT FUNDS Motion carried 4-0. This HRA Resolution appears as HRA Resolution NO.1 012. Item #4 CONSIDERATION OF PROPOSED PRELIMINARY DEVELOPMENT AGREEMENT WITH UNITED BANKERS' BANK FOR FEASIBILITY STUDIES FOR REDEVELOPMENT OF 2.5-ACRE SITE SOUTH OF DECISION ONE BUILDING S.R. NO. 14 HRA Meeting Minutes -3- April 16, 2007 Community Development Director Palmborg presented Staff Report No. 14. Community Development Director Palmborg stated that the HRA might want to know if the HRA has ever given a developer exclusive rights like this before. Community Development Director Palmborg explained that exclusive rights have been granted before, the most recent time was in 2001,-02 to the Ryan Companies on Penn Avenue and nothing ever became of that project. Mr. Palmborg stated that HRA staff talked to several other developers about this project area besides United Bankers. Bank (UBB). City staff talked to nine other companies, including Opus Northwest, Robert Muir Co., Cambridge Comm. Realty, Ryan Co. US, The Beard Group, the Wirth Companies, ESQ Architects, Lasalle Group Ltd. and Lifescience Alley. Tom Hauschild, a consultant of Tegra Group, stated UBB would like to put their headquarters at this location if everything works out. Gene Ekness, Senior Vice President of UBB, presented some background on UBB. Commissioner Heimberger asked Mr. Ekness if they have a design for the building. Mr. Ekness replied yes. They are looking at a 60,000 square foot building two stories high with underground parking and lots of greenery. Mr. Ekness also stated that they would have very little traffic because most banking is done electronically. M/Gepner, S/Drummond to approve and authorize execution by the Chair and Executive Director of the Preliminarv Aoreement with Untied Bankers' Bank. authorizino proiect feasibility studies. Motion carried 4-0. Item #5 CONSIDERATION OF PROPOSED PRELIMINARY AGREEMENT WITH TOLD DEVELOPMENT CENTER FOR FEASIBILITY STUDIES FOR REDEVELOPMENT OF 30-ACRE AREA IN CEDAR AVENUE CORRIDOR REDEVELOPMENT AREA S.R. NO. 15 Community Development Director Palmborg presented Staff Report No. 15. Gary Dreher of TOLD Development Company, summarized back ground on TOLD Development Company and the many projects they have worked on. M/Kirsch, S/Gepner to approve and authorize execution by the Chair and Executive Director of the Preliminarv Aoreement with TOLD Development Company. authorizino feasibility studies. Motion carried 4-0. Item #6 EXECUTIVE DIRECTOR REPORT HRA Meeting Minutes -4- April 16, 2007 Executive Director Devich had no report. However, he did state that 17th Avenue houses are getting moved to construct the roundabout and that the roundabout on 17th Avenue is scheduled to be completed by August 1,2007. Commissioner Drummond asked if there are any confirmed tenants in the smaller units at Cedar Point development. . Executive Director Devich responded they have been told the market place is good, however they are not aware of any tenant right now. litem #7 I CLAIMS AND PAYROLL M/Helmberger, S/Drummond that the followina claims and pavroll be approved. U.S. Bank Section 8 Checks: 111662 - 111809 HRA Checks: 29847 - 29873 $170,106.97 $ 58,889.53 $ 228,996.50 TOTAL Motion carried 4-0. I ADJOURNMENT The meeting was adjourned by unanimous consent at 7:55 p.m. Date Approved: May 21, 2007. ~~ Nancy Gibbs City Clerk