09-16-13 HRA Worksession HOUSING AND REDEVELOPMENT
AUTHORITY MEETING MINUTES
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q °ee Richfield, Minnesota
Special Housing and Redevelopment
Authority Worksession
September 16, 2013
CALL TO ORDER
The meeting was called to order by Chair Sandahl at 7:02 p.m.
ROLL CALL
HRA Members Sue Sandahl, Chair; Steve Quam; Doris Rubenstein; David Gepner
Present: and Debbie Goettel
Staff Present: Steven L. Devich, Executive Director; John Stark, Community Development
Director; Karen Barton, Assistant Community Development Director; and
Cheryl Krumholz, Executive Coordinator.
Item # I DISCUSSION REGARDING DEVELOPMENT PROPOSALS FOR CEDAR
POINT II DEVELOPMENT AREA
Community Development Director Stark reviewed the background related to the Request for
Qualification (RFQ) process seeking developers for the redevelopment of the Cedar Point II
development area. He provided an update on the response to the RFQ.
Mr. Stark stated that staff is seeking policy-level direction to establish a process for seeking
and accepting development proposals in this area.
Tim Nichols, Projectus International, made a presentation on their proposal for market rate
multi-income rental housing on the site. He stated the proposal is for `practical affordable' housing.
He added parking is somewhat of a challenge but the proposal meets code requirements.
Mr. Nichols stated tax increment financing will be used efficiently along with a construction and
permanent mortgage. He said that they cannot participate in a stymied project because momentum
is the key to success.
Mr. Nichols requested an exclusivity agreement be granted so Projectus international could
work on developing the site.
Kent Simon, Miller Hanson Partners, presented the project vignettes, schematic site plan, and
conceptual modern views.
Special HRA Worksession Minutes -2- September 16, 2013
HRA Commissioner Quam expressed his concerns about making a long term commitment.
He suggested milestones be established rather than a commitment.
ADJOURNMENT
The meeting was adjourned by unanimous consent at 7:50 p.m.
Date Approved: October 21, 2013
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- i,�►'-° . Sandahl
Aar AA:Mill
Cheryl Krumholz . Devich
Executive Coordinator Executive Director