05-18-15 Regular HRA HOUSING AND REDEVELOPMENT
AUTHORITY MEETING MINUTES
g4641;eed Richfield, Minnesota
Regular Meeting
May 18, 2015
CALL TO ORDER
The meeting was called to order by Chair Supple at 7:00 p.m.
ATTENDANCE
HRA Members Mary Supple, Chair; Doris Rubenstein; David Gepner; Debbie Goettel;
Present: and Pat Elliott.
Staff Present: Steven L. Devich, Executive Director; John Stark, Community Development
Director; and Karen Barton, Assistant Community Development Director.
Item #1 APROVAL OF THE MINUTES OF THE (1) SPECIAL CONCURRENT HRA & CITY
COUNCIL WORKSESSION OF APRIL 14, 2015 AND (2) REGULAR HRA
MEETING OF APRIL 20, 2015
M/Goettel, S/Rubenstein to approve the minutes.
Motion carried 5-0.
Item #2 HRA APPROVAL OF AGENDA
M/Rubenstein, S/Gepner to approve the agenda.
Motion carried 5-0.
Item #3 CONSENT CALENDAR
A. Consideration of the approval of a resolution authorizing the use of an Affordable Housing
Initiative Fund loan for the acquisition of 7316 Clinton Avenue by the West Hennepin
Affordable Housing Land Trust S.R. No. 14
HRA RESOLUTION NO. 1202
RESOLUTION AUTHORIZING THE USE OF AN AFFORDABLE HOUSING INCENTIVE FUND
LOAN FOR THE PURCHASE OF 7316 CLINTON AVENUE
This resolution appears as HRA Resolution No. 1202.
HRA Meeting -2- May 18,2015
B. Consideration of the approval of authorizing the Chairperson and Executive Director to
execute a contract with a qualified demolition contractor for demolition of the structures at
7309 10"Avenue in an amount not to exceed $12,000 S.R. No. 15
M/Goettel, S/Rubenstein to approve the Consent Calendar.
Motion carried 5-0.
Item #4 CONSIDERATION OF A REQUEST TO AMEND A PROMISSORY NOTE AND
MORTGAGE RELATED TO THE NEW HOME LOAN PROVIDED TO MICHAEL
SOLIN OF 924 66TH STREET WEST S.R. NO. 16
Assistant Community Development Director Barton presented Staff Report No. 16.
Commissioner Rubenstein spoke in favor of the amendment.
Commissioner Goettel stated the intent of the program was not to hurt people who wanted
to refinance to save money and stay in Richfield.
M/Goettel, S/Elliot to approve a request amend a Promissory Note and mortgage related to
the New Home loan provided to Michael Solin of 924 66`n Street West.
Motion carried 5-0.
Item #5 CONSIDERATION OF A RESOLUTION AUTHORIZING THE RICHFIELD HRA TO
REDUCE THE ORIGINAL TAX CAPACITY OF THE GRAMERCY PARK
COOPERATIVE TAX INCREMENT DISTRICT DUE TO HOMESTEAD MARKET
VALUE EXCLUSION S.R. NO. 17
Assistant Community Development Director Barton presented Staff Report No. 17.
Commissioner Gepner asked staff to explain this in lay terms.
Executive Director Devich and Community Development Director Stark explained the
impacts of the Legislature's adoption of the market value homestead exclusion on tax increment
financing.
Commissioner Elliott asked who initiated this and if it is metro-wide.
Community Development Director Stark responded that it was initiated by the HRA upon the
advice of the HRA's financial advisors at Ehlers.
M/Supple, S/Goettel that the following resolution be approved:
HRA RESOLUTION NO. 1203
RESOLUTION ELECTING TO REDUCE ORIGINAL TAX CAPACITY OF GRAMERCY PARK
COOPERATIVE TAX INCREMENT DISTRICT DUE TO HOMESTEAD MARKET VALUE
EXCLUSION
Motion carried 5-0. This resolution appears as HRA Resolution No. 1203.
Item #6 CONSIDERATION OF A RESOLUTION AUTHORIZING THE RICHFIELD HRA TO
REDUCE THE ORIGINAL TAX CAPACITY OF THE LYNDALE GATEWAY, LLC
TAX INCREMENT DISTRICT DUE TO HOMESTEAD MARKET VALUE
EXCLUSION S.R. NO. 18
HRA Meeting -3- May 18,2015
Assistant Community Development Director Barton presented Staff Report No. 18.
M/Gepner, S/Elliott that the following resolution be approved:
HRA RESOLUTION NO. 1204
RESOLUTION ELECTING TO REDUCE ORIGINAL TAX CAPACITY OF LYNDALE GATEWAY
LLC TAX INCREMENT DISTRICT DUE TO HOMESTEAD MARKET VALUE EXCLUSION
Motion carried 5-0. This resolution appears as HRA Resolution No. 1204.
Item #7 HRA DISCUSSION ITEMS
Commissioner Gepner asked if the agenda materials that are scanned in could be looked at
since they appear crooked.
Executive Director Devich responded yes.
Commissioner Gepner asked if there is a fee collected for processing loans.
Assistant Community Development Director Barton responded yes.
Commissioner Gepner questioned if the wrong message is being sent to the Metropolitan
Council because the City is providing affordable homes to the needed population but yet the City is
asking the Metropolitan Council to burden the community less with affordable homes.
Community Development Director Stark explained some of the Metropolitan Council
affordable housing numbers seemed unrealistic and burdensome at the suggested levels. Staff is
supportive of affordable housing but is requesting there be a balance.
Commissioner Goettel stated how exciting it is to have six developers proposing for Cedar
Point.
Commissioner Elliott asked about the status of the Lyndale Garden site.
Assistant Community Development Director Barton responded that the developer would be
appearing before the City Council next week to present a status report.
Item #8 EXECUTIVE DIRECTOR REPORT
None.
Item #9 CLAIMS AND PAYROLL
M/Gepner, S/Goettel that the following claims and payrolls be approved:
U.S. BANK 05/18/05
Section 8 Checks: 126675-126759 $ 157,709.25
HRA Checks: 32273-32302 $ 39,461.84
TOTAL $ 197,171.09
Motion carried 5-0.
HRA Meeting -4- May 18,2015
ADJOURNMENT
The meeting was adjourned by unanimous consent at 7:32 p.m.
Date Approved: June 15, 2015
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