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05-19-08 Regular HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting May 19, 2008 CALL TO ORDER The meeting was called to order by Chair Sandahl at 7:00 p.m. ROLL CALL HRA Members Present: Sue Sandahl Chair; Martin Kirsch; Joan Helmberger; Doris Rubenstein; and David Gepner. Staff Present: Steven L. Devich, Executive Director; John Stark, Interim Community Development Director/HRA Manager; Karen Barton, Community Development Manager; John Dean, HRA Attorney; and Nancy Gibbs, City Clerk. Item #1 HRA APPROVAL OF MINUTES M/Kirsh, S/Gepner to approve the minutes of the (1) Special HRA Worksession of April 21, 2008 and (2) Regular HRA Meeting of April 21, 2008. Motion carried 5-0. HRA APPROVAL OF AGENDA Item #2 M/Rubenstein, S/Gepner to approve the agenda. Motion carried 5-0. HRA Meeting May 19, 2008 Item #3 CONSENT CALENDAR A. Consideration of approval of resolution authorizing HRA not to waive monetary limits on municipal tort liability established by Minnesota Statute 466.04 S.R. No. 19 HRA RESOLUTION NO. 1034 RESOLUTION AFFIRMING MUNICIPAL TORT LIABILITY LIMITS ESTABLISHED BY MINNESOTA STATUTES 466.04 This resolution appears as HRA Resolution No. 1034. B. Consideration of approval of resolution authorizing purchase of real property at 7316 Clinton Avenue for New Home Program S.R. No. 20 HRA RESOLUTION NO. 1035 RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT 7316 CLINTON AVENUE UNDER THE NEW HOME PROGRAM This resolution appears as HRA Resolution No. 1035. C. Consideration of approval of resolution authorizing purchase of real property at 6704 Pleasant Avenue through New Home Program S.R. No. 21 HRA RESOLUTION NO. 1036 RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT 6704 PLEASANT AVENUE UNDER THE NEW HOME PROGRAM This resolution appears as HRA Resolution No. 1036. D. Consideration of approval to execute Quit Claim Deed for property owned by KFC at 220 West 66th Street S.R. No. 22 M/Helmberger, S/Rubenstein to approve consent calendar. Motion carried 5-0. Item #4 CONSIDERATION OF SIXTH AMENDMENT TO CONTRACT FOR PRIVATE DEVELOPMENT WITH RYAN COMPANIES, US, INC.; CEDAR POINT AREA S.R. NO. 23 Interim Community Development Director Stark presented Staff Report No. 23. HRA Attorney Dean explained to the HRA Commissioners that an error was discovered in the contract and is being fixed with this amendment. HRA Meeting May 19, 2008 M/Rubenstein, S/Helmberger to approve the sixth amendment to the contract for private development with Ryan Companies, US, Inc.; Cedar Point Area. Motion carried 5-0. Item #5 CONSIDERATION OF RESOLUTION AUTHORIZING RYAN COMPANIES, US, INC. ASSIGNMENT AND ASSUMPTION OF CONTRACT FOR PRIVATE DEVELOPMENT TO RICHFIELD GLTCF, LLC FOR PORTION OF CEDAR POINT DEVELOPMENT S.R. NO. 24 Interim Community Development Director Stark presented Staff Report No. 24. M/Kirsch, S/Gepner to approve that the following resolution be adopted and be made part of these minutes: HRA RESOLUTION NO. 1037 RESOLUTION APPROVING PARTIAL ASSIGNMENT OF CONTRACT FOR PRIVATE DEVELOPMENT AND RELEASING RYAN THEREFROM Motion carried 5-0. This resolution appears as HRA Resolution No. 1037. Item #6 CONSIDERATION OF DEAL POINTS RELATED TO CONTRACT FOR PRIVATE DEVELOPMENT FOR CEDAR POINT PHASE II SENIOR HOUSING PROJECT WITH SUSEE/LANG NELSON S.R. NO. 25 Interim Community Development Director Stark presented Staff Report No. 25. Frank Lang, C.E.O. Lang Nelson and Associates, explained the need for this contract. Mr. Lang stated that due to the economy, the loan to value ratio has changed in the past year. Commissioner Rubenstein stated she would like to see family and affordable housing in this area. Executive Director Devich explained there is very little, if any, funding coming from State and Federal levels. Interim Community Development Director Stark stated Hennepin County was contributing $200,000 for the design of Richfield Parkway. Executive Director Devich recommended a conservative approach to this development. Interim Community Development Director Stark stated that a vast majority of the money is for physical improvements, so the HRA can make good on the promise to keep traffic out of neighborhoods. Interim Community Development Director Stark also stated this information is provided and a Worksession will be scheduled later in the year. HRA Meeting May 19, 2008 M/Kirsch, S/Gepner to approve the deal points related to the contract for private development for the Cedar Point Phase II senior housing project with Susee/Lang Nelson. Motion carried 5-0. Item #7 DISCUSSION OF TOLD UPDATE RELATED TO DEVELOPMENT OF CONCEPT/SITE PLAN FOR 30 ACRE AREA BETWEEN 66TH AND 69TH STREETS AND BETWEEN 17TH AVENUE AND TH 77 S.R. NO. 26 Christine Costello, Leased Housing Specialist, presented Staff Report No. 26. Roger Behrens, Assistant General Counsel for TOLD, and Dennis Sutliff, Principal Architect at ESG, presented an update on the parcel. Commissioner Rubenstein asked if TOLD did a demographic study of the area. Mr. Sutliff responded that they did not do a study, however there is a demand for office space near airports. Leased Housing Specialist Costello stated that a market study was presented at an earlier meeting. Chair Sandahl asked about the timeline for this plan. Leased Housing Specialist Costello responded that the approximate date is August 2008 but the current market has an impact. She stated the City is encouraging residents in that area to go forward with the MAC mitigation sound-proofing. Executive Director Devich reiterated what Leased Housing Specialist Costello said about the mitigation and stated the length of time for this project is unknown. Item #8 CONSIDERATION OF DIRECTING STAFF TO PROCEED WITH NEGOTIATING “SHORT SALE” FOR PURCHASE OF 6645 THOMAS AVENUE DUE TO NOTICE OF FORECLOSURE INVOLVING HRA LIEN S.R. NO. 27 Community Development Manager Barton presented Staff Report No. 27. Chair Sandahl asked what type of repairs are needed. Leased Housing Specialist Costello responded that the foundation needs repair, the garage door needs replacement, and there is some interior work. Barbara Meyers, property owner, stated that two bathrooms need work, the garage door needs replacement, the front of house needs repair where an old well was sealed, and the main entrance needs sheetrock and paint. HRA Meeting May 19, 2008 Community Development Manager Barton stated that if a short sale took place and the HRA rented the property back to Ms. Meyers, rent would start at the time of the short sale. Any improvements would not be made until the property was sold to new owners. Executive Director Devich stated that if the HRA cannot do the short sale, he would not recommend any further action. M/Gepner, S/Rubenstein to direct staff to proceed with negotiating "short sale" for purchase of 6645 Thomas Avenue due to notice of foreclosure involving HRA lien and if the "short sale" is not viable the HRA will cease any further action. Amended motion carried 5-0. Item #9 EXECUTIVE DIRECTOR REPORT Executive Director Devich reminded the HRA that the housing market is in tough times. Item #10 CLAIMS AND PAYROLL M/Gepner, S/Sandahl that the following claims and payrolls be approved. U.S. Bank 5-19-2008 Section 8 Checks: 113664 - 113849 HRA Checks: 30250 - 30266 TOTAL Motion carried 5-0. ADJOURNMENT The meeting was adjourned by unanimous consent at 8:23 p.m. Date Approved: June 16. 20os Nancy Gibbs City Clerk $ 174,668.04 $ 28, 826.52 $ 203,494.56 ' ~~ Sandahl F,teven~L. Devich Executive Director