01-07-13 Special HRA HOUSING AND REDEVELOPMENT
gedAUTHORITY MEETING MINUTES
e,e4ce Richfield, Minnesota
Special HRA Meeting
January 7, 2013
CALL TO ORDER
The meeting was called to order by Chair Sandahl at 7:00 p.m.
ROLL CALL
HRA Members Sue Sandahl, Chair, Steven J. Quam; Doris Rubenstein; Debbie Goettel;
Present: and David Gepner
Staff Present: Steven L. Devich, Executive Director; John Stark, Community
Development Director; Mike Eastling, Public Works Director; Karen Barton,
Assistant Community Development Director; Jeff Pearson, Transportation
Engineer; and Nancy Gibbs, City Clerk.
Item #1 CONSIDERATION OF 17TH AVENUE SPECIAL ASSESSMENT BOND PROCESS
S.R. NO. 1
Executive Director Devich presented Staff Report No. 1.
Public Works Director Eastling explained the current status of the project.
Transportation Engineer Pearson presented an update on negotiation talks with
homeowners on 17tH Avenue. He stated that the City currently has 11 signed or verbal purchase
agreements.
Community Development Director Stark explained there is some financial risk to the HRA.
Commissioner Quam stated that if the process takes longer than two years, the HRA
should reevaluate what we would invest if it looks like the future development area also includes
16th Avenue homes. He wondered if, from a real estate standpoint, the site assembly could be
completed in two years.
Community Development Director Stark said he believes that realistically it will take a
couple of years.
Commissioner Quam stated that there would be obvious benefits to doing this all at the
same time. However, he also wondered if there would be negatives if this is done without knowing
what type of infrastructure or traffic flows will be needed.
Executive Director Devich commented that if we are going to move ahead with this project it
is crucial that we have this piece of the project. He stated that we have a lot of money coming in
Special HRA Meeting -2- January 7,2013
from other jurisdictions to help fund this project and the City could not do this project without these
funds. He continued that although this might be a risk, he believes it is a very reasonable risk to
take.
M/Sandahl, S/Goettel to approve 17th Avenue special assessment bond process.
Motion carried 4-1. (Quam opposed)
ADJOURNMENT
The meeting was adjourned by unanimous consent at 7:33 p.m.
Date Approved: January 23, 2013 ax- 'a
Su, - M. Sandahl
7 Kt Nancy Gibbs n L. D= is
City Clerk Executive Director