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010713Special-completeagenda CITY OF RICHFIELD, MINNESOTA MONDAY, JANUARY 7, 2013 RICHFIELD MUNICIPAL CENTER 6700 PORTLAND AVENUE SPECIAL HOUSING AND REDEVELOPMENT AUTHORITY MEETING COUNCIL CHAMBERS 7:00 P.M. AGENDA Call to order Roll call 1. Consideration of 17th Avenue special assessment bond process Staff Report No. 1 Notes: Adjournment Auxiliary aids for individuals with disabilities are available upon request. Requests must be made at least 96 hours in advance to the City Clerk at 612-861-9738. AGENDA ITEM#e I REPORT#: 1 •NrAll STAFF REPORT RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY MEETING JANUARY 7, 2013 REPORT PREPARED BY: JEFF PEARSON, TRANSPORTATION ENGINEER NAME,TITLE REPORT PRESENTER: KAREN BARTON, COMMUNITY DEVELOPMENT ASSISTANT DIRECTOR NAME,TITLE DEPARTMENT DIRECTOR REVIEW: F r' /40( SI :TURE� REVIEWED BY EXECUTIVE DIRECTOR: Er, ' .,.... ,..._. ITEM FOR HRA CONSIDERATION: Consideration of approval for 17th Avenue Special Assessment Bond process. I. RECOMMENDED ACTION: By Motion: Approve the process to obtain twelve properties on 17th Avenue between 65th Street and 63rd Street including the costs of the property assessments for pending. II. BACKGROUND City staff is currently acquiring purchase agreements and a signed petition from residents on 17th Avenue. It would ask the City Council to consider ordering the construction of Richfield Parkway (along the current alignment of 17th Avenue) including the purchase of the remaining twelve residential properties on 17th Avenue from 65th Street to 63rd Street. Guidance for this process was given to staff members at the May 8, 2012 work session with formal direction given at the May 22, 2012 City Council Meeting. Initial meetings with the property owners began shortly thereafter. HRA_01072013 Asse ssmentBond Cedar Corridor Redevelopment Area The purchase of these properties and construction of the Parkway is consistent with plans for the Cedar Corridor Redevelopment Area (see attachment). The Cedar Corridor Redevelopment Area was established in response to the Minnesota State Legislature's 1996 decision to expand the Minneapolis-St. Paul International Airport (MSP) at its present site rather than build a new airport. More specifically the area addressed noise concerns stemming from the construction of the new MSP runway 17-35 along the Cedar Avenue corridor. Properties east of 17th Avenue were purchased with the first phase of roadwork and commercial development known as Richfield Parkway and Cedar Point Commons. Phase II of the road construction and redevelopment, which includes the two blocks of 17th Avenue, was delayed due to declining market conditions and financing difficulties. Taft-Legion Stormwater Improvements On October 9, 2012 the City Council approved a cooperative agreement with the Minnehaha Creek Watershed Management District to complete improvements to the stormwater treatment at Taft and Legion Lakes in Richfield. One of the items within that project is the construction of the Richfield Parkway North Connection. This road will connect Bloomington Avenue to Richfield Parkway (17th Ave) with construction programmed for 2013. Upon learning of this project, there was considerable resistance from residents on 17th Avenue concerning the impacts of increased traffic (expected to more than double) and construction. Many of the residents complained that they were expecting their properties to be purchased years ago as part of the redevelopment. A Possible Solution In response to neighborhood frustration and concerns, the possibility of completing the Richfield Parkway Phase II project emerged (and purchasing the properties along 17th Avenue) through the use of a Special Assessment Bond. This process would have several attractive results. It would: • Allow for the completion of the full Richfield Parkway cross section from 66th Street to Bloomington Avenue (much as it was envisioned in the Cedar Corridor Redevelopment Area Plans). • Complete the purchase of the remaining residential properties on 17th Avenue eliminating a significant hurdle to future redevelopment. • Provide relief to residents on 17th Avenue who are frustrated with unknown future traffic and redevelopment issues. Once purchased by the City, the properties would be conveyed to the HRA for a nominal amount. The HRA would be responsible for the annual assessment until a developer purchases the parcels. Project and Assessment Costs The total bonded project cost would be approximately $3,000,000 of which 25% would be assessed to the properties on the west side of 17th Avenue. The resulting annual assessment to the HRA would be approximately $50,000 to $70,000 depending on interest rates and bond structure. Additionally, taxes for the first year would not be included in the bond and would amount to approximately $25,000. Demolition costs will be included in the bond total. Costs for mowing of the parcels would be covered by Public Works. III. BASIS OF RECOMMENDATION A. POLICY • It is expected that the HRA, the City and the future developer will negotiate the eventual cost participation for the bond payments (HRA and City portions) when the redevelopment takes place. • Minnesota Statutes Chapter 429 gives cities authority to levy special assessments. • Special assessments have three distinct requirements: o The City uses the levy to finance, or partially finance, a particular public improvement program. o The City levies the charge only against those particular parcels of property that receive some special benefit from the program. o The amount of the charge bears a direct relationship to the value of the benefits the property receives. B. CRITICAL TIMING ISSUES • Under current purchase agreements, the City Council must decide by March 26, 2013 whether to order the project and assessment. C. FINANCIAL • The property taxes for the first year amount to approximately $25,000. • Total annual assessment cost to the HRA amounts to approximately $50,000 to $70,000. D. LEGAL • The HRA attorney has reviewed the Special Assessment Bond process. IV. ALTERNATIVE RECOMMENDATIONS) • Do not approve the Special Assessment Bond process which would halt the purchase of the 17th Avenue properties and prevent construction of that section of Richfield Parkway. V. ATTACHMENTS • Cedar Corridor Redevelopment Area Map • Required Parcels Map • Richfield Parkway Presentation Slides VI. PRINCIPAL PARTIES EXPECTED AT MEETING • 17th Avenue Residents l-/ Cedar Avenue Corridor Redevelopment Area 1 r 62nd mil =No mi Em -- -- - -- i- iu i- r 63rd Nom 64th ...... 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' 11 MO I III i :"..,I' , ISM _•.i...141 ____,.._; „:„.=:.. „;,‘,...,,i,,,,H.:_';,,...--_-..., _,..' . ,,,,,i. • ■ ,'{ ` i ... ., .. ATillo__10-4,~":-?-.P.!1.1 I ... , I , ; *1 _ - - ' ', _ �i.f 1 r� _. : Legend a . _ . :r sz - Required Parcels Connection •' si ' , ., Required Parcels - Parkway sz'StteR4iea'Sne2R,r'�nnc^"ERs^�na494'�i"^u�s93a"�"�sRSR"X"ea'�"ei'�u"eRSRes�i?1�u�?fz3�'�x°Fs'�"a?5�t'�'i?fin�4ku?u°iu�u"n�n3n"xaiu"nn"Rs n3a'�s""s^"u"i�'rcR^urn°°�"�°i��x"5"�r°;r�"P'�"xFs^�a�'°s�i;axP;?fFu�n"...°..'..,, „�;, , Public Meeting M a y 24 2012 1 . Taft — Legion Project 2 . Richfield Parkway North Connection 3 . Richfield Parkway Phase II (63rd to 65th) 'proudly Serving Richfield* Egg PUBLIC WORKS Legion Lake Elements ; ; , ; .s.....- ;r c ; ; ? ?€a APPARA asV ; .24 aaA wVWWW WPAnsI NAMP a s !, y t _ c 121. I It■ ,, , Modify Outlet to Taft Lake % " t }'2 • Grit __. ,use i '�r r'i / Stormwater Reuse Infiltration • k . . Storm Water Reuse Legion Lake - ii — Irrigation f '; Combined Int; ..t Pump Station for I - �' and Reuse Infiltration lation — ``, `- 0 !: Stonnwate • Wetland Buffers .,„ax. r. r / ., Intake ,c. .1 ‘...... I J: f 1 Construct Grit Chamber -� ��- .......t 0 : •s.., . .. ,41. .w o _'' g .....,/,-_ .proudly Serving Richfield* ELM PUBLIC WORKS Taft Lake Elements m,,...„....,..,............,....,,,,,,„,w,„„.,,,,,„.„...„,...,„„4.„„..,,.....:.........,,:.q.................,..„..„..,..........,,q,,,,,,,.„...,.....,,,..w, ...__ ..,. , ... • • - N - - -- • Flocculation Treatment . ,.. ...,0 - ,. - :e-. ''"----pr ...- -- - -- . ,:r. ,. . .• ..„'0,!-. wiir • , _ -... . '.;'• jf.;--.-- ....:. -,;,.....1- ' . "Z•2Z..',,,k1:. 'Ar.2.",,:" --,,; ' ''...,`..A: System , , ... ,...,:, . . .. . ill • Storm Water Reuse :•:•' ' ,o . .1 - • :, . t _ -—- .L, — Infiltration . . i ......! .47, ,.....,, A S . tc...0-4 411 ' .' ,. ' ar" 1.1,,.' • PW Storage Area _ -I'''. It_ -IP -_,,,,-• - 464.01..,e-0._ 4..„,,-,,,,. 4'. .• ! ,,,,,, +7 ,, — _,- ;, " A . . u 4 , .■ - • Frontage Road Removal . ... ._ . ' ilk ) 1,4 ., .', ,4 - ' t . - - -; ,-.„ 11 - l • Richfield Parkway North --tt -- ' 1 -,. , \ . - :. - : ' . 40 7...rt , - „.4 sk • -:. * '''' ''''' '' II,-1-.111' ' , .,:, - ' : ,. ' -..250.4•Igg • '• . ' - A .• ,. i.',' .4 _ - ---0- - ••""'• Connection I ... . . • - -''z. 'proudly Serving Richfield. - ',;,IN 4.. -...'. ..k-zil. --; ' . 4 I.,- • . • 1 - . - - .-. .M.... .,.. , 41 gi& PUBLIC WORKS s d in re • ec tT .� me � ne s :sP ul^v e ; sAm KP ,sa ? a aa ??V iNA APWR ,a as a a s as as ? :%. RAAN MMA • April 26t" - Minnehaha Creek Watershed District (MCWD) Completed Plan Amendment Process • Summer 2012 • Approval of Cooperative Agreement • Order Final Design of Project • Purchase 3 homes at 63rd/Bloomington • Winter 2012 — Advertise Project • Spring 2013 — Construction Begins •proudly Serving Richfield PUBLIC WORKS Richfield Parkway — Phase North Connection n aaas a ? q'v aaaa9as aws a aaa ? s a area aas,.. • 2010 Technical Advisory Committee • City — Public Works, Community Development, Recreation • Hennepin County • Metro Transit • Three Rivers Park District • WSB & Associates • Open Houses — 11 /17/10 & 1 /19/11 • March 2 , 2011 Transportation Commission Final Recommendation • March 10 , 2011 Open House • March 22 , 2011 CouncilApproval •proudly Serving Richfield* PUBLIC WORKS Richfield Parkway Connection North IIR 600 ADT , J cc y 0, � alZ U A' •i_1 al ' 1V '� 41, ill i 6245 2450 ADT • �, ; 2500 ADT* ADT JI ___ _,. , __ _ , _.. hod"l, ,, ' \--, • _ Tpp 1 6301 1 . ".„„," P. ''' .01- -. .. w in , �> „.....__ , ,,I 4'Ilio Z . , O ;.- 1 !. �. -- Art,�,� — -900 ADT n ` I +2000 ADT w mi t 3 tin O _ ` `. - , -.;3! i m �" L ;,z. " is. v 1 ii,ka, „t , ..,, _ _, Richfield Parkway — Phase II r _t......1 rd (63 th ,.. Street to 65 Street) _, w 1 :... ,,,�.w'�,•.. "". ; .c?sna0.RrsMMV;u' ; .9nfiKi'ys"r.M";aPANx4l r"igfF.Pz' .?fiF.nMAIss"£ x;?Ar"; &x^"^M^".ea^4"*i?V"*xz".."u.'.ea"`ASn^ .M^^..,K.3a"n�""s"`F.:• 4 r _, • 14 homes needed `' = • HRA purchased 6420 17th t ` , e - — ... ._—_—: ii{L. _•R' 'C -r 1 r 7-1 'I - rrr�i. - I ~�, i __�" - L -e- _, _ r ia ALT 1' - - �._.I+ .-_' R i::INM -- Y - - 1 gir +i 1 d -� r �� .proudly Serving Richfield* . 4 .• . �� i t f,., _ .; PUBLIC WORKS _ .. It... .•ef .' i ,.,_ -_ • - . o Special g • Residents petition • Requires a 3/5 City Council vote •proudly Serving Richfield. PUBLIC WORKS 2012 Project Timeline ( REVISED May — Sept. Resolution — Feasibility Study Open House Obtain Appraisals Oct. - Dec. Obtain Petitions / Order Project Execute Purchase Agreements Resolution — Public Hearing Jan. — March ` 13 Hold Public Hearing Begin Purchasing Homes Fall 2013 - Advertise for Bids Spring 2014 Award Construction Contract / Begin Work •proudly Serving Richfield* PUBLIC WORKS