08-20-12 Regular HRA HOUSING AND REDEVELOPMENT
/ AUTHORITY MEETING MINUTES
G� .��� Richfield, Minnesota
Regular Meeting
August 20, 2012
CALL TO ORDER
The meeting was called to order by Chair Sandahl at 7:03 p.m.
ROLL CALL
HRA Members Sue Sandahl, Chair; Steven J. Quam; Debbie Goettel; and David Gepner
Present:
HRA Members Doris Rubenstein
Absent:
Staff Present: Steven L. Devich, Executive Director; John Stark, Community
Development Director; Chris Regis, Finance Manager; Julie Eddington,
HRA Attorney; and Nancy Gibbs, City Clerk
Item #1 APPROVAL OF MINUTES OF (1) REGULAR HRA MEETING OF JULY 16, 2012
M/Goettel, S/Gepner to approve the minutes of (1) Regular HRA Meeting of July 16, 2012.
Motion carried 4-0.
Item #2 HRA APPROVAL OF AGENDA
M/Goettel, S/Quam to approve the agenda.
Motion carried 4-0.
Item #3 CONSENT CALENDAR
A. Consideration of approval of resolution authorizing execution of amended and restated
Tax Increment Pledge Agreement with City of Richfield relating to $2,985,000 Taxable
General Obligation Tax Increment Refunding Bonds, Series 2012B S.R. No. 34
HRA Meeting -2- August 20,2012
HRA RESOLUTION NO. 1125
RESOLUTION AUTHORIZING EXECUTION OF AN AMENDED AND RESTATED TAX
INCREMENT PLEDGE AGREEMENT WITH THE CITY OF RICHFIELD RELATING TO THE
CITY'S TAXABLE GENERAL OBLIGATION TAX INCREMENT REFUNDING BONDS, SERIES
2012B, IN THE APPROXIMATE AGGREGATE PRINCIPAL AMOUNT OF $2,985,000
This resolution appears as HRA Resolution No. 1125.
B. Consideration of resolution accepting monetary contributions for Community Development
events and programs S.R. No. 35
HRA RESOLUTION NO. 1126
RESOLUTION AUTHORIZING RICHFIELD COMMUNITY DEVELOPMENT DEPARTMENT TO
ACCEPT DONATIONS FROM THE LISTED BUSINESSES FOR DESIGNATED USES
This resolution appears as HRA Resolution No. 1126.
M/Goettel, S/Gepner to approve the Consent Calendar.
Motion carried 4-0.
Item #4 PRESENTATION AND CONSIDERATION OF ACCEPTING RICHFIELD HRA
ANNUAL TAX INCREMENT DISTRICT STATUS UPDATE S.R. NO. 36
Rebecca Kurtz, Ehlers and Associates, presented the HRA annual Tax Increment District
status update.
M/Goettel, S/Quam to approve the Richfield HRA annual Tax Increment District status
update.
Motion carried 4-0.
Item #5 PUBLIC HEARING REGARDING RESOLUTION AUTHORIZING SALE OF 7326
SHERIDAN AVENUE TO ENDRES CUSTOM HOMES, INC. AND EXECUTION OF
CONTRACT FOR PRIVATE DEVELOPMENT WITH ENDRES CUSTOM HOMES,
INC. FOR CONSTRUCTION OF SINGLE FAMILY HOME UNDER RICHFIELD
REDISCOVERED PROGRAM S.R. NO. 37
Community Development Director Stark presented Staff Report No. 37.
Dustin Endres, Endres Custom Homes, Inc., was available for questions.
M/Goettel, S/Gepner to close public hearing.
Motion carried 4-0.
HRA Meeting -3- August 20,2012
M/Gepner, S/Goettel that the following resolution be adopted and that it be made part of
these minutes:
HRA RESOLUTION NO. 1127
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT
7326 SHERIDAN TO ENDRES CUSTOM HOMES, INC
This resolution appears as HRA Resolution No. 1127.
Motion carried 4-0.
Item #6 CONSIDERATION OF REQUEST TO FORGIVE NEW HOME SECOND
MORTGAGE PROVIDED TO ANDREW AND PATTY BEGGS, 6321 MORGAN
AVENUE S.R. NO. 38
Community Development Director Stark presented Staff Report No. 38.
HRA Attorney Eddington explained differences in promissory notes and why this request is
so complicated.
Commissioner Quam amended the original motion.
M/Quam, S/Gepner to approve consideration of request to forgive New Home second
mortgage provided to Andrew and Patty Beggs, 6321 Morgan Avenue, with the following conditions,
that the mortgage be amended to provide that the loan is due and payable upon sale or transfer,
provided however that if the HRA is advised by the City Attorney that a certain date must be
included in the mortgage amendment, then the mortgage shall be amended to provide that the loan
is due and payable upon sale or transfer or 10 years following the mortgage amendment, whichever
is earliest.
Motion carried 4-0.
Item #7 CONSIDERATION OF PROPOSED SETTLEMENT MADE BY OWNER OF 1709 —
72ND STREET WEST FOR FORGIVENESS OF HOUSING AND URBAN
DEVELOPMENT COMMUNITY DEVELOPMENT BLOCK GRANT DEFERRED
LOAN S.R. NO. 39
Community Development Director Stark presented Staff Report No. 39.
Cheri Freeman Murch, 1709— 72nd Street West, was available for questions.
Chair Sandahl amended the proposed settlement so that the HRA will forgive the balance
necessary to allow the property to close provided that if there are any excess funds available to the
home owner that they be paid to the HRA to pay the balance on the loan.
M/Goettel, S/Quam to approve amended proposed settlement made by owner of 1709—
72nd Street West for forgiveness of Housing and Urban Development Community Development
Block Grant Deferred Loan.
Motion carried 4-0.
HRA Meeting -4- August 20,2012
Item #8 CONSIDERATION OF RESOLUTIONS APPROVING 2013 PROPOSED HRA
BUDGET AND TAX LEVY AND 2012 REVISED HRA BUDGET S.R. NO. 40
Community Development Director Stark presented Staff Report No. 40.
Commissioner Quam objected to marketing of property at 2517 —76th Street West for the
development of affordable housing.
Community Development Director Stark agreed with objection at this time.
M/Goettel, S/Gepner that the following resolutions be adopted and that they be made part of
these minutes:
HRA RESOLUTION NO. 1128
RESOLUTION APPROVING PROPOSED 2013 HOUSING AND REDEVELOPMENT AUTHORITY
BUDGET AND CERTIFYING THE 2013 TAX LEVY
This resolution appears as HRA Resolution No. 1128.
HRA RESOLUTION NO. 1129
RESOLUTION AUTHORIZING REVISION OF THE 2012 BUDGET OF THE
HOUSING AND REDEVELOPMENT AUTHORITY OF RICHFIELD
This resolution appears as HRA Resolution No. 1129.
Motion carried 4-0.
Item #9 HRA DISCUSSION ITEMS
Commissioner Quam stated that Pizza Luce is open and a good addition to our community.
Commissioner Goettel asked if there was any update on the houses across from Target.
Executive Director Devich responded the City is currently waiting for an agreement with the
watershed district which is expected in the next few weeks.
Commissioner Gepner asked why the watershed district is involved.
HRA Attorney Eddington responded that the City and watershed district are working
cooperatively. She explained the agreement needs to be completed before the City can finalize
anything with those homeowners.
Item #10 EXECUTIVE DIRECTOR REPORT
None.
HRA Meeting -5- August 20,2012
Item #10 CLAIMS AND PAYROLL
M/Gepner, S/Quam that the following claims and payrolls be approved:
U.S BANK 08/20/2012
Section 8 Checks: 122246-122369 $ 156,951.17
HRA Checks: 31531-31557 $ 455,417.57
TOTAL $ 612,368.74
Motion carried 4-0.
ADJOURNMENT
The meeting was adjourned by unanimous consent at 8:35 p.m.
Date Approved: September 17, 2012 l ,;
a44‘
w
Su M. 'andahl
Ch. ;�I . t___ f
4ZAA/xA-46j/Je)6t) .,-
Nancy Gibb _____ L. Devic
City Clerk Executive Director