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07-21-08 RegularJ HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting .July 21, 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; Myrt Link, Community Development Accountant; Kirsten Partenheimer, Housing Specialist; Chris Regis, Finance Manager; and Nancy Gibbs, City Clerk. Item #1 HRA APPROVAL OF MINUTES M/Kirsch, S/Sandahl to approve the minutes of the (1) Regular HRA Meeting of June 16 4. 2008. Motion carried 5-0. Item #2 HRA APPROVAL OF AGENDA M/Gepner, S/Rubenstein to approve the agenda. Motion carried 5-0. HRA Meeting -2- July 21, 2008 Item #3 PRESENTATION AND ACCEPTANCE OF RICHFIELD. HRA ANNUAL TAX INCREMENT DISTRICT STATUS UPDATE S.R. NO. 30 Interim Community Development Director Stark presented Staff Report No. 30. Rebecca Kurtz, Ehlers and Associates, explained the difference of the tax increment districts. Executive Director Devich explained that the City of Richfield does financing differently than other cities because Richfield puts the risk on the developer, the developers money is on the front line. Commissioner Rubenstein asked if there were any plans to shorten the tax districts, currently the shortest tax district is 21 years. Ms. Kurtz responded that districts have been established with a maximum 26 year district. She stated that districts are expensive however the City always "looks back" on districts; they are looked at case by case to see if they can be shortened. She added that some communities-have asked for special legislation to extend the district beyond the 26 year maximum. Commissioner Kirsch stated that TIF was used to develop the Hub and it was the first successful TIF district. He added that TIF has done a great job for this city. Chair Sandahl stated that what Richfield does, they do well. Commissioner Helmberger thanked staff for a great TIF report. M/Gepner, S/Kirsch to approve the Richfield HRA Annual Tax Increment District status update. Motion carried 5-0. Item #4 PRESENTATION OF HRA FINANCIAL REPORT Finance Manager Regis presented the HRA Financial Report. Item #5 CONSENT CALENDAR A. Consideration of approval of execution of contract for private redevelopment between HRA and Roy and Kimberly Mokosso for redevelopment of 6645 Knox Avenue under Richfield Rediscovered Program S.R. No. 31 B. Consideration of approval of Richfield Rediscovered applicant, Jeremy Larson, to act as general contractor to build home at 6955 Knox Avenue S.R. No. 32 Chair Sandahl stated the proposed developments will be a good choice to use HRA dollars. M/Rubenstein, S/Helmberger to approve the Consent Calendar. HRA Meeting Motion carried 5-0. -3- July 21, 2008 Item #6 CONSIDERATION OF APPROVAL OF CONTRACT FOR PRIVATE REDEVELOPMENT BETWEEN HRA AND CHRISTOPHER AND. VICTORIA STONE FOR REDEVELOPMENT OF 6837 -14TH AVENUE UNDER RICHFIELD REDISCOVERED PROGRAM AND REQUEST FOR SUBORDINATION OF MORTGAGE S.R. NO. 33 Housing Specialist Partenheimer presented Staff Report No. 33. Commissioner Gepner asked if there could be any potential problems later if this item is approved tonight. loan. Housing Specialist Partenheimer stated that the risk to the HRA is low and this is short-term M/Kirsch, S/Sandahl to approve contract for private redevelopment between HRA and Christopher and Victoria Stone for redevelopment of 6837 - 14th Avenue under Richfield Rediscovered Program and request for subordination of mortgage. Motion carried 5-0. Item #7 CONSIDERATION OF STAFF DIRECTION REGARDING SALE OF 6758 PORTLAND AVENUE TO CITY S.R. NO. 34 Executive Director Devich presented Staff Report No. 34. Rick Jabs, CHAT II Chair, discussed funding for the new City Hall/Police/Fire facility. Mr. Jabs asked the HRA to consider selling the property at 6758 Portland Avenue back to the City for $1 to help decrease the amount of money that the City might have to spend on the new project. Community Development Accountant Link stated the monies in some of the HRA funds have restrictions as to their use; however this fund has no restrictions on its use. Chair Sandahl stated the HRA wants to be on the record that the HRA supports the new City Hall project; however the HRA will sell the home to the City for $200,000 as originally agreed upon on March 21, 2005. Commissioner. Kirsch thanked the CHAT II Committee for trying the keep the cost down on the City Hall project. M/Sandahl, S/Rubenstein to approve the sale of 6758 Portland Avenue to the City of Richfield for $200,000. Motion carried 5-0. HRA Meeting -4- July 21, 2008 Item #8 EXECUTIVE DIRECTOR REPORT Executive Director Devich stated it is nice to see three Richfield Rediscovered projects on the agenda because this program improves neighborhoods. Commissioner Gepner stated. that Richfield was the first city to use the Rediscovered program. Interim Community Development Director Stark stated he would follow up with the three families from Richfield Rediscovered to see how the program worked out for them. Item #9 CLAIMS AND PAYROLL M/Helmberger, S/Rubenstein that the following claims and payrolls be approved: U.S. Bank 07-21-2008 Section 8 Checks: 114012 - 114274 $ 180,130.14 HRA Checks: 30286 - 30324 $ 78,439.78 TOTAL $ 258,569.92 Motion carried 5-0. ADJOURNMENT The meeting was adjourned by unanimous consent at 8:12 p.m. Date Approved: August 18, 2008 ~. Nancy Gibbs City Clerk