11-15-04 agendaCITY OF RICHFIELD, MINNESOTA
MONDAY, NOVEMBER 15, 2004
REGULAR HOUSING AND REDEVELOPMENT AUTHORITY MEETING
RICHFIELD CITY HALL
6700 PORTLAND AVENUE
COUNCIL CHAMBERS
7:00 P.M.
AGENDA
Call to order
1. Oath of Office to HRA Commissioner Suzanne M. Sandahl
2. Approval of minutes of (1) Special Concurrent HRA/City Council/Planning
Commission Worksession of September 28, 2004; (2) Regular HRA Meeting of
October 18, 2004; and (3) Special Concurrent HRA/City Council/Planning
Commission Worksession of October 26, 2004
3. Presentation of Woodlake Centre 2004 Smart Growth Design Award
Staff Report No. 50
Notes:
4. HRA approval of agenda
5. Consent Calendar contains several separate items which are acted upon by the HRA
in one motion. Once the Consent Calendar has been approved, the individual items
and recommended actions have also been approved. No further HRA action is
necessary. However, any HRA Commissioner may request that an item be removed
from the Consent Calendar and placed on the regular agenda for HRA discussion and
action. All items listed on the Consent Calendar are recommended for approval.
A. Consideration of approval of canceling public hearing regarding sale of 6329-14th
Avenue to Greater Metropolitan Housing Corporation for single family home
development (continued from October 18, 2004) S.R. No. 51
B. Consideration of approval of motion consenting to Richfield Senior Housing's
reassignment of tax increment note to U.S. Bank National Association S.R. No. 52
C. Consideration of approval of resolution releasing amount of secured funds
provided for Assignment of Deposit Account between HRA and Gramercy
Corporation for City Bella project S.R. No. 53
Notes:
6. Consideration of resolution authorizing modification to Redevelopment Plan for
Richfield Redevelopment Project Area and modification to Tax Increment Financing
Plans for Interstate-Lyndale-Nicollet, Richfield Rediscovered A-1, A-2, A-3, A-4, A-5,
B-1, B-2, B-3, B-4, B-5 and Interchange Tax Increment Financing Districts
Staff Report No. 54
Notes:
7. Executive Director report
8. Claims and payroll
Adjournment
Auxiliary aids for individuals with disabilities are available upon request. Requests must be
made at least 96 hours in advance to the Administrative Services Director at 612-861-9702.
AGENDA ITEM # 6 .
REPORT # 54
STAFF REPORT
HOUSING AND REDEVELOPMENT
AUTHORITY MEETING
NOVEMBER 15, 2004
REPORT PREPARED BY: KATIA MEDVETSKI,
REDEVELOPMENT SPECIALIST
- NAME, TITLE
REPORT PRESENTER: BRUCE PALMBORG, COMMUNITY
DEVELOPMENT DIRECTOR
NAME, TITLE
DEPARTMENT DIRECTOR REVIEW: '~
SIGNATURE
REVIEWED BY EXECUTIVE DIRECTOR:
ITEM FOR HRA CONSIDERATION:
Consideration of a resolution approving a Modification to the Redevelopment Plan for the
Richfield Redevelopment Project Area and a Modification to the Tax Increment Financing
Plans for the Interstate-Lyndale-Nicollet (ILN), Richfield Rediscovered A-1, A-2, A-3, A-4, A-5,
B-1, B-2, B-3. B-4. B-5 and Interchange Tax Increment Financing Districts.
I. RECOMMENDED ACTION:
By Motion: Adopt the attached resolution approving a Modification to
the Redevelopment Plan for the Richfield Redevelopment Project
Area and a Modification to the Tax Increment Financing Plans for the
Interstate-Lyndale-Nicollet (ILN), Richfield Rediscovered A-1, A-2, A-3,
A-4, A-5, B-1, B-2, B-3, B-4, B-5 and Interchange Tax Increment
Financing Districts.
II. BACKGROUND
On May 17, 2004, the Richfield Housing and Redevelopment Authority (HRA)
was presented with the annual Tax Increment District Status Update report (TIF
Status Report). The report indicated that all projects continued to meet debt
obligations. This report forecast that the Interstate-Lyndale-Nicollet (ILN) Tax
Increment Financing (TIF) District which has four Pay-as-you-go TIF Notes and
two bonds outstanding is able to meet all of its obligations through the year 2006.
Beginning in 2007 and going forward, the forecast indicated the ILN district faces
potential increment deficits and may need assistance from other districts in order
to meet its financial obligations.
Property tax class rate changes beginning in 1997 have led to lower increment
revenues impacting many districts across the State. In 1999, the Minnesota
State Legislature authorized additional pooling (that is, spending increment
outside the TIF district generating the increment) to address these deficits.
Recently, the Office of State Auditor issued an opinion that concurs with the
State Department of Revenue and other professionals that work in the tax
increment field with regard to the intent and use of the deficit pooling provision of
the Minnesota State Statutes.
The current proposal to modify the Richfield Redevelopment Project Area Plan
and TIF Plans relating to the ILN, Richfield Rediscovered A-1 through B-5, and
Interchange TIF Districts would allow pooling increment to the ILN District so that
the ILN District could continue to meet its future financial obligations. The HRA's
financial consultant, Ehlers and Associates recently conducted a deficit pooling
analysis that indicated a possible $1,000,000 cumulative shortfall from 2007
through 2011. Reductions in increment revenue potential can result from
changes in property market values, tax capacity rates, and fiscal disparity
contribution rates. In this situation the reductions are attributed to the
compression of property tax class rates over time. In order to suppress the ILN's
deficit, the healthier increment districts that were not as negatively impacted by
the rate compression may aid the ILN by annual interfund transfers. Within the
Richfield Rediscovered A-1 through 6-5 series districts and the Interchange
District, it's been forecast that the shortfall would be covered by the pooling.
Although this figure is listed within each individual plan, the $1,000,000
represents a collective pooling amount. Annual cashflows for all districts will
continue to be prepared and transfers to the ILN district will be made upon need.
At the appropriate times, the HRA will be requested to approve these transfers.
Currently, the public hearing by the City Council is scheduled for December 14,
2004. Approval of the modified plans would begin the process of ensuring that
the ILN district is protected and have a mechanism in place to draw increment
from when the need arises.
III. BASIS OF RECOMMENDATION
A. POLICY
® • In accordance with Minnesota State statutes, a public hearing is
required for the modifications to the redevelopment plan and tax
increment financing plans.
• The HRA's TIF Status Report, dated May 15, 2004, proposed these
plan modifications to address the potential future increment deficits
in the ILN district.
• A recent opinion from the Office of the State Auditor solidifies
industry opinion on the interpretation of deficit pooling within the
Minnesota State statutes.
B. CRITICAL ISSUES
• The public review process has begun on this matter. A notification
of the proposed plan modifications and date of public hearing were
made to Hennepin County Commissioner Randy Johnson by letter
on October 28, 2004. Also, the notification of fiscal/economic
implications to School Board and County Auditor/County Board is
scheduled, at time of this writing, to be made by letter on November
12, 2004. (There are no negative impacts with this proposal.)
• The proposed schedule calls for the following actions to still occur:
Planning Commission review and consideration of plan
modifications to conformance with City's Comprehensive Plan on
November 22, 2004; Publication of notice of public hearing in local
newspaper on December 2, 2004; and City Council public hearing
and review and consideration of plan modifications on December
14, 2004.
C. FINANCIAL
• The 2004 HRA Tax Increment District Status Update report
provided a proforma that forecast that the ILN TIF District would
need to receive increment beginning in 2007 from other districts to
continue to meet future debt obligations.
• In order to memorialize cash balances for special uses of
increment, which are in accordance with the State Auditor's
opinion, the HRA needs to take this action in 2004.
D. LEGAL
• The plan modifications and approving resolution were prepared by
the HRA's financial consultant, Ehlers and Associates, and
attorneys, Kennedy & Graven.
IV. ALTERNATIVE RECOMMENDATIONS)
• The HRA may determine to delay this matter until a future date, still this
year. Doing so, however, would require potential special meetings by
approving bodies (HRA, Planning Commission, City Council, School and
County Boards) in order to meet proper noticing requirements.
• The HRA may determine to delay this matter until a future date and not
this year. Doing so, however, may not allow for special uses of increment
in accordance with the HRA's auditors and legal counsel's opinion in a
timely manner to assist the ILN.
• The HRA may determine not to take action on this matter. Undertaking
this alternative could jeopardize the ability of the ILN to meet its bond and
TIF Note obligations.
V. ATTACHMENTS
• Resolution
• Modified Redevelopment Project Area Plan and TIF Plans
VI. PRINCIPAL PARTIES EXPECTED AT
MEETING
• Sid Inman, Ehlers and Associates, Inc.
HRA RESOLUTION NO.
RESOLUTION APPROVING A MODIFICATION TO THE REDEVELOPMENT
PLAN FOR THE RICHFIELD REDEVELOPMENT PROJECT AREA AND A
MODIFICATION TO THE TAX INCREMENT FINANCING PLANS FOR THE
INTERSTATE-LYNDALE-NICOLLET (ILN), RICHFIELD REDISCOVERED A-1,
A-2, A-3, A-4, A-5, B-1, B-2, B-3, B-4, B-5 AND INTERCHANGE TAX
INCREMENT FINANCING DISTRICTS.
WHEREAS, it has been proposed by the Board of Commissioners (the "Board") of the
Housing and Redevelopment Authority (the "HRA") in and for the City of Richfield (the "City")
that the HRA approve a Modification to the Redevelopment Plan for the Richfield
Redevelopment Project Area, a Modification to the Tax Increment Financing Plans for the
Interstate-Lyndale-Nicollet (the "ILN"), Richfield Rediscovered A-1, A-2, A-3, A-4, A-5, B-1, B-
2, B-3, B-4, B-5, and Interchange Tax Increment Financing Districts (known collectively herein
as the "Modifications"), all pursuant to and in conformity with existing law, including Minnesota
Statutes, Sections 469.001 to 469.047, and Sections 469.174 to 469.1799, inclusive, as
amended, all as reflected in the Modifications and presented for the HRA's consideration; and
WHEREAS, the HRA has investigated the facts relating to the Modifications and has
caused the Modifications to be prepared; and
WHEREAS, the HRA has performed all actions required by law to be performed prior to
the adoption of the Modifications, including but not limited to, notification of Hennepin County
and Independent School District No. 280 having taxing jurisdiction over the property in the ILN,
Richfield Rediscovered A-1, A-2, A-3, A-4, A-5, B-1, B-2, B-3, B-4, B-5, and Interchange Tax
Increment Financing Districts (the "TIF Districts"), notice of the proposed Modifications to the
local county commissioner, a request for review of and written comment on the Modifications
by the City Planning Commission, and a request that the City Council schedule a public
hearing on the Modifications upon published notice as required by law.
NOW, THEREFORE,'BE IT RESOLVED by the Board as follows:
1. The HRA hereby makes the findings set forth in the Modifications, which are
incorporated herein by reference.
2. Conditioned upon the approval thereof by the City Council following its public
hearing thereon, the Modifications, as presented to the HRA on this date, are hereby approved
and adopted and shall be placed on file in the office of the Executive Director of the HRA.
3. Upon approval of the Modifications by the City Council, the Executive Director of
the HRA is authorized to forward a copy of the Modifications fo the Minnesota Department of
Revenue pursuant to Minnesota Statutes 469.175, Subd. 4a.
Adopted by the Board of Commissioners of the Housing and Redevelopment Authority
in and for the City of Richfield, Minnesota this 15th day of November 2004.
Thomas E. Harms, Chair
ATTEST:
Kristal Stokes, Secretary
n
REDEVELOPMENT PLAN
n
for the modification of the
RICHFIELD REDEVELOPMENT PROJECT AREA
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF RICHFIELD
HENNEPIN COUNTY;
STATE OF MINNESOTA
..Adopted: June 14, 1993
Modified: December 14, 2004
E H L E R S Prepared by: FREERS & ASSOCIATES, INC.
3060 Centre Pointe Drive, Roseville, Minnesota 55113-1105
a ASSOCIATES ~ N c 651-697-8500 fax: 651-697-8555 www.ehlers-inc.com
TABLE OF CONTENTS
(for reference purposes only)
THE RICHFIELD REDEVELOPMENT PROJECT AREA ............................ 1-1
Foreword ............................................................. 1-1
Boundaries of the Richfield Redevelopment Project Area ........................ 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA ................. A-1
THE RICHFIELD REDEVELOPMENT PROJECT AREA
Foreword
ADOPTED JUNE 14,1993.
MODIFIED DECEMBER 14, 2004
(AS MODIFIED TO ADD THE FOLLOWING ONDECEMBER 14, 2004)
The following text represents a Modification to the Redevelopment Plan for the Richfield Redevelopment
Project Area. This modification represents a continuation of the goals and objectives set forth in the
Redevelopment Plan for the Richfield Redevelopment Project Area and authorizes pooling of tax increment
revenues to other City tax increment financing districts that experience deficits due to rate compression
between 1997 and 2001 pursuant to M.S., Section 469.1763, Subd. 6. Generally, the substantive changes
include the Modification of the Interstate-Lyndale-Nicollet (the "ILN"), Interchange, and Richfield
Rediscovered A-1, A-2, A-3, A-4, A-5, B-1, B-2, B-3, B-4 and B-5 Tax Increment Financing Districts to allow
for deficit pooling.
For further information, a review of the Redevelopment Plan for the Richfield Redevelopment Project Area,
adopted June 14,1993, is recommended. It is available in the Community Development Department at the City
ofRichfield. Other relevant information is contained in the Modifications to the Tax Increment Financing Plans
for the ILN, Interchange, and Richfield Rediscovered A-1, A-2, A 3, A-4, A-5, B-1, B-2, B-3, B-4 and B-5 Tax
Increment Financing Districts located within the Richfield Redevelopment Project Area.
Boundaries of the Richfield Redevelopment Project Area
The boundaries for the Richfield Redevelopment Project Area are not being modified. See Appendix A of the
Redevelopment Plan for a map of the Richfield Redevelopment Project Area.
t-1
Richfield HRA Modification to the Redevelopment Plan for the Richfield Redevelopment Project Area
n
n
APPENDIX
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
A-1
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TAX INCREMENT FINANCING PLAN
for the modification of the
INTERSTATE-LYNDALE-NICOLLET
TAX INCREMENT FINANCING DISTRICT
(a redevelopment district)
.within the
RICHFIELD REDEVELOPMENT PROJECT AREA
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF RICHFIELD
HENNEPIN COUNTY
STATE OF MINNESOTA
Adopted: November 12, 1985
Modified: May 13, 2003.
Modified: December 14,-2004
O
FREERS
& ASSOCIATES INC
Prepared by: FREERS & ASSOCIATES, INC.
3060 Centre Pointe Drive, Roseville, Minnesota 55113-1105
(651 } 697-8500 fax: (651 } 697-8555 www.ehlers-inc.com
TABLE OF CONTENTS
(for reference purposes only)
THE INTERSTATE-LYNDALE-NICOLLET TAX INCREMENT FINANCING DISTRICT .... 1-1
Subsection 1-1. Statement of Objectives .................... ........ ... 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE INTERSTATE-LYNDALE-NICOLLET TIF DISTRICT ................... A-1
THE INTERSTATE-LYNDALE-NICOLLET TAX INCREMENT FINANCING DISTRICT
(a redevelopment district)
Subsection 1-1. Statement of Objectives
ADOPTED NOVEMBER 12, 1985
MODIFIED MAY 13, 2003
(AS MODIFIED TO ADD THE FOLLOWING ONDECEMBER 14, 2004)
The Interstate-Lyndale-Nicollet (the "1LN") Tax Increment Financing (TIF) District is experiencing deficits
due to class rate compression between 1997 and 2003. The modification authorizes the ILN TIF District to
receive pooling of tax increment revenues from other City tax increment financing districts pursuant to
Minnesota Statutes 469.1763, Subd. 6. This modification does not (i) increase or reduce the geographic area
of the project or district, (ii) increase the amount of bonded indebtedness to be incurred, (iii) increase the
portion of captured net tax increment to be retained by the authority, or (iv) increase the total estimated tax
increment expenditures or designate additional properly to be acquired by the authority.
The following is an estimate of theannual deficit amount.
Total TIF
1997 $3,884,903
2003 $2,330,942
Annual Deficit Amount $1,553,961
A copy of the detailed calculation is available at the offices of the Richfield Housing and Redevelopment
Authority.
Richfield HRA Modification to the TIF Plan for the ILN TIF District 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE INTERSTATE-LYNDALE-NICOLLET TIF DISTRICT
APPENDIX Modification to the TIF Plan for the ILN TIF District A- I
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TAX INCREMENT FINANCING PLAN
for the modification of the
RICHFIELD REDISCOVERED A-1 TAX INCREMENT
FINANCING DISTRICT
(a redevelopment district)
within the
RICHFIELD REDEVELOPMENT PROJECT AREA
n
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF RICHFIELD
HENNEPIN COUNTY
STATE OF MINNESOTA
Adopted: July 23, 1990
Modified: February 23, 1998
Modified: December 14, 2004
j E H L E R S Prepared by: FREERS & ASSOCIATES, INC.
l 3060 Centre Pointe Drive, Roseville, Minnesota 55113-1105
a ASSOCIATES ~ N c (651) 697-8500 fax: (651) 697-8555 WWW.ehlers-inc.COm
n
TABLE OF CONTENTS
(for reference purposes only)
THE RICHFIELD REDISCOVERED A-1 TAX INCREMENT FINANCING DISTRICT ...... 1-1
Subsection 1-1. Statutory Authority ........................................ 1-1
Subsection 1-2. Statement of Objectives ................................... 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED A-1 TIF DISTRICT ..................... A-1
THE RICHFIELD REDISCOVERED A-1 TAX INCREMENT FINANCING DISTRICT
(a redevelopment district)
Subsection 1-1. Statutory Authority
ADOPTEDJULY23,1990
MODIFIED FEBRUARY23,1998
(AS MODIFIED TO ADD THE FOLLOWING ON DECEMBER 14, 2004)
The 20031egislationaIlows cities to pool to districts that have deficits caused by class rate compression. The
unobligated tax increment collected in the Richfield Rediscovered A-1 Tax Increment Financing (TIF)
District will be transferred to the Interstate-Lyndale-Nicollet (the "1LN") Tax Increment Financing District.
Tax Increment from the ILN will be utilized to pay the principal and interest on the $2,460,000 Taxable
General Obligation Tax Increment Refunding Bonds, Series 2002B.
Subsection 1-2. Statement of Objectives
(AS MODIFIED DECEMBER 14, 2004)
The modification authorizes pooling of tax increment revenues to other City tax increment financing districts
that experience deficits due to rate compression between 1997 and 2001 pursuant to M.S., Section 469.1763,
Subd. 6. This modification does not (i) increase or reduce the geographic area of the projector district, (ii)
increase the amount of bonded indebtedness to be incurred, (iii) increase the portion of the captured net tax
increment to be retained by the authority, or (iv) increase the total estimated tax increment expenditures or
designate additional property to be acquired by the authority. The district shall remain in existence until all
of the "deficit poolable funds" have been expended as set forth in the plan.
The tax increment to be deficit pooled from this district is intended to be used for preexisting obligations in
the ILN Tax Increment Financing District. Existing obligations include the $5,075,000 General Obligation
Tax Increment Bonds, Series 1996. This bond was refunded by the $2,460,000 Taxable General Obligation
Tax Increment Refunding Bonds, Series 2002B, to achieve a lower interest rate. The preexisting obligations
are estimated to be $3,013,633 (principal and interest).
It is estimated that $1,140,669 in bonded indebtedness will be fmanced with tax increment revenues. It is
estimated that up to $1,000,000 in interfund loans/transfers will be fmanced with tax increment revenues.
At the time of the interfund loan/transfer, the City will complete a line item budget modification to the TIF
Plan.
~~
Richfield HRA Modification to the TIF Plan for the Richfield Rediswvered A-1 TIF District 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED A-1 TIF DISTRICT
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered A-1 TIF District A-1
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TAX INCREMENT FINANCING PLAN
for the modification of the
RICHFIELD REDISCOVERED A-2 TAX INCREMENT
FINANCING DISTRICT
(a redevelopment district)
within the
RICHFIELD REDEVELOPMENT PROJECT AREA
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF RICHFIELD
HENNEPIN COUNTY
STATE OF MINNESOTA
Adopted: August 24, 1992
Modified: February 23, 1998
Modified: December 14, 2004
EHLERS Prepared by: EHLERS & ASSOCIATES, INC.
3060 Centre Pointe Drive, Roseville, Minnesota 55113-1105
& ASSOCIATES ~ N c (651) 697-8500 fax: (651) 697-8555 www.ehlers-inc.COm
TABLE OF CONTENTS
(for reference purposes only)
THE RICHFIELD REDISCOVERED A-2 TAX INCREMENT FINANCING DISTRICT ...... 1-1
Subsection 1-1. Statutory Authority ........................................ 1-1
Subsection 1-2. Statement of Objectives ................................... 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED A-2 TIF DISTRICT ..................... A-1
n
THE RICHFIELD REDISCOVERED A-2 TAX INCREMENT FINANCING DISTRICT
~a redevelopment district)
Subsection 1-1. Statutory Authority
ADOPTED AUGUST 24,1992
MODIFIED FEBRUARY23,1998
(AS MODIFIED TO ADD THE FOLLOWING ON DECEMBER l4, 2004)
The 20031egislationaIlows cities to pool to districts that have deficits caused by class rate compression. The
unobligated tax increment collected in the Richfield Rediscovered A-2 Tax Increment Financing (TIF)
District will be transferred to the Interstate-Lyndale-Nicollet (the "ILN") Tax Increment Financing District.
Tax Increment from the ILN will be utilized to pay the principal and interest on the $2,460,000 Taxable
General Obligation Tax Increment Refunding Bonds, Series 2002B.
Subsection 1-2. Statement of Objectives
(AS MODIFIED DECEMBER 14, 2004)
The modification authorizes pooling of tax increment revenues to other City tax increment fmancing districts
that experience deficits due to rate compression between 1997 and 2001 pursuant to M.S., Section 469.1763,
Subd. 6. This modification does not (i) increase or reduce the geographic area of the projector district, (ii)
increase the amount of bonded indebtedness to be incurred, (iii) increase the portion of the captured net tax
increment to be retained by the authority, or (iv) increase the total estimated tax increment expenditures or
designate additional property to be acquired by the authority. The district shall remain in existence until all
of the "deficit poolable funds" have been expended as set forth in the plan.
The tax increment to be deficit pooled from this district is intended to be used for preexisting obligations in
the ILN Tax Increment Financing District. Existing obligations include the $5,075,000 General Obligation
Tax Increment Bonds, Series 1996. This bond was refunded by the $2,460,000 Taxable General Obligation
Tax Increment Refunding Bonds, Series 2002B, to achieve a lower interest rate. The preexisting obligations
are estimated to be $3,013,633 (principal and interest).
It is estimated that $1,184,225 in bonded indebtedness will be fmanced with tax increment revenues. It is
estimated that up to $1,000,000 in interfund loans/transfers will be financed with tax increment revenues.
At the time of the interfund loan/transfer, the City will complete a line item budget modification to the T1F
Plan.
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered A-2 TIF District 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED A-2 TIF DISTRICT
n
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered A-2 TIF District A- I
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TAX INCREMENT FINANCING PLAN
for the modification of the
RICHFIELD REDISCOVERED A-3 TAX INCREMENT
FINANCING DISTRICT
(a redevelopment district)
within the
RICHFIELD REDEVELOPMENT PROJECT AREA
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF RICHFIELD
HENNEPIN COUNTY
STATE OF MINNESOTA
Adopted: July 25, 1994
Modified: February 23, 1998
Modified: December 14, 2004
E H L E R S Prepared by: EHLERS & ASSOCIATES, INC.
3060 Centre Pointe Drive, Roseville, Minnesota 55113-1105
b ASSOCIATES ~ N c (651) 697-8500 fax: (651) 697-8555 wuvw.ehlerS-inc.COm
TABLE OF CONTENTS
(for reference purposes only)
THE RICHFIELD REDISCOVERED A-3 TAX INCREMENT FINANCING DISTRICT ...... 1-1
Subsection 1-1. Statutory Authority ........................................ 1-1
Subsection 1-2. Statement of Objectives ................................... 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED A-3 TIF DISTRICT ..................... A-1
THE RICHFIELD REDISCOVERED A-3 TAX INCREMENT FINANCING DISTRICT
~a redevelopment district)
Subsection 1-1. Statutory Authority
ADOPTED JULY25,1994
MODIFIED FEBRUARY23,1998
(AS MODIFIED TO ADD THE FOLLOWING ON DECEMBER 14, 2004)
The 20031egislationaIlows cities to pool to districts that have deficits caused by class rate compression. The
unobligated tax increment collected in the Richfield Rediscovered A-3 Tax Increment Financing (TIF)
District will be transferred to the Interstate-Lyndale-Nicollet (the "ILN") Tax Increment Financing District.
Tax Increment from the ILN will be utilized to pay the principal and interest on the $2,460,000 Taxable
General Obligation Tax Increment Refunding Bonds, Series 2002B.
Subsection 1-2. Statement of Objectives
(AS MODIFIED DECEMBER 14, 2004)
The modification authorizes pooling of tax increment revenues to other City tax increment financing districts
that experience deficits due to rate compression between 1997 and 2001 pursuant to M.S., Section 469.1763,
Subd. 6. This modification does not (i) increase or reduce the geographic area of the projector district, (ii)
increase the amount of bonded indebtedness to be incurred, (iii) increase the portion of the captured net tax
increment to be retained by the authority, or (iv) increase the total estimated tax increment expenditures or
designate additional property to be acquired by the authority.. The district shall remain in existence until all
of the "deficit poolable funds" have been expended as set forth in the plan.
The tax increment to be deficit pooled from this district is intended to be used for preexisting obligations in
the ILN Tax Increment Financing District. Existing obligations include the $5,075,000 General Obligation
Tax Increment Bonds, Series 1996. This bond was refunded by the $2,460,000 Taxable General Obligation
Tax Increment Refunding Bonds, Series 2002B, to achieve a lower interest rate. The preexisting obligations
are estimated to be $3,013,633 (principal and interest).
It is estimated that $1,365,350 in bonded indebtedness will be financed with tax increment revenues. It is
estimated that up to $1,000,000 in interfund loans/transfers will be fmanced with tax increment revenues.
At the time of the interfund loan/transfer, the City will complete a line item budget modification to the TIF
Plan.
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered A-3 TIF District 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED A-3 TIF DISTRICT
n
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered A-3 TIF District A-I
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TAX INCREMENT FINANCING PLAN
for the modification of the
RICHFIELD REDISCOVERED A-4 TAX INCREMENT
FINANCING DISTRICT
(a redevelopment district)
within the
RICHFIELD REDEVELOPMENT PROJECT AREA
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF RICHFIELD
HENNEPIN COUNTY
STATE OF MINNESOTA
Adopted: July 10, 1995
Modified: February 23, 1998
Modified: December 14, 2004
E H L E R S Prepared by: FREERS & ASSOCIATES, INC.
3060 Centre Pointe Drive, Roseville, Minnesota 55113-1105
a a s s o c ~ a r e s i N c (651) 697-8500 fax: (651) 697-8555 www.ehlers-inc.com
~.J
TABLE OF CONTENTS
(for reference purposes only)
THE RICHFIELD REDISCOVERED A-4 TAX INCREMENT FINANCING DISTRICT ...... 1-1
Subsection 1-1. Statutory Authority ........................................ 1-1
Subsection 1-2. Statement of Objectives ................................... 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED A-4 TIF DISTRICT ..................... A-1
THE RICHFIELD REDISCOVERED A-4 TAX INCREMENT FINANCING DISTRICT
(a redevelopment district)
Subsection 1-1. Statutory Authority
ADOPTED JULY 10,1995
MODIFIED FEBRUARY23,1998
(AS MODIFIED TO ADD THE FOLLOWING ON DECEMBER 14, 2004)
The 20031egislationaIlows cities to pool to districts that have deficits caused by class rate compression. The
unobligated tax increment collected in the Richfield Rediscovered A-4 Tax Increment Financing (T1F)
District will be transferred to the Interstate-Lyndale-Nicollet (the "ILN") Tax Increment Financing District.
Tax Increment from the ILN will be utilized to pay the principal and interest on the $2,460,000 Taxable
General Obligation Tax Increment Refunding Bonds, Series 2002B.
Subsection 1-2. Statement of Objectives
(AS MODIFIED DECEMBER 14, 2004)
The modification authorizes pooling of tax increment revenues to other City tax increment financing districts
that experience deficits due to rate compression between 1997 and 2001 pursuant to M.S., Section 469.1763,
^ Subd. 6. This modification does not (i) increase or reduce the geographic area of the projector district, (ii)
~ ~ increase the amount of bonded indebtedness to be incurred, (iii) increase the portion of the captured net tax
"`~ increment to be retained by the authority, or (iv) increase the total estimated tax increment expenditures or
designate additional property to be acquired by the authority. The district shall remain in existence until all
of the "deficit poolable funds" have been expended as set forth in the plan.
The tax increment to be deficit pooled from this district is intended to be used for preexisting obligations in
the ILN Tax Increment Financing District. Existing obligations include the $5,075,000 General Obligation
Tax Increment Bonds, Series 1996. This bond was refunded by the $2,460,000 Taxable General Obligation
Tax Increment Refunding Bonds, Series 2002B, to achieve a lower interest rate. The preexisting obligations
are estimated to be $3,013,633 (principal and interest).
It is estimated that $2,730,100 in bonded indebtedness will be financed with tax increment revenues. It is
estimated that up to $1,000,000 in interfund loans/transfers will be fmanced with tax increment revenues.
At the time of the interfilnd loan/transfer, the City will complete a line item budget modification to the TIF
Plan.
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered A-4 TIF District 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED A-4 TIF DISTRICT
n
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered A-4 TIF District A-I
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TAX INCREMENT FINANCING PLAN
for the modification of the
RICHFIELD REDISCOVERED A-5 TAX INCREMENT
FINANCING DISTRICT
(a redevelopment district)
within the
RICHFIELD REDEVELOPMENT PROJECT AREA
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF RICHFIELD
HENNEPIN COUNTY
STATE OF MINNESOTA
Adopted: February 23, 1998
Modified: January 22, 2001
Modified: December 14, 2004
E H L E R S Prepared by: FREERS & ASSOCIATES, INC.
3060 Centre Pointe Drive, Roseville, Minnesota 55113-1105
a a s s o c i a r e s i e c (651) 697-8500 fax: (651) 697-8555 www.ehlers-inc.com
TABLE OF CONTENTS
(for reference purposes only)
THE RICHFIELD REDISCOVERED A-5 TAX INCREMENT FINANCING DISTRICT ...... 1-1
Subsection 1-1. Statutory Authority ........................................ 1-1
Subsection 1-2. Statement of Objectives ................................... 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED A-5 TIF DISTRICT ..................... A-1
THE RICHFIELD REDISCOVERED A-5 TAX- INCREMENT FINANCING DISTRICT
Sa redevelopment district)
Subsection 1-1. Statutory Authority
ADOPTED FEBRUARY23,1998
MODIFIED JANUARY22, 2001
(AS MODIFIED TO ADD THE FOLLOWING ON DECEMBER 14, 2004)
The 20031egislationaIlows cities to pool to districts that have deficits caused by class rate compression. The
unobligated tax increment collected in the Richfield Rediscovered A-5 Tax Increment Financing (TIF)
District will be transferred to the Interstate-Lyndale-Nicollet (the "ILN") Tax Increment Financing District.
Tax Increment from the ILN will be utilized to pay the principal and interest on the $2,460,000 Taxable
General Obligation Tax Increment Refunding Bonds, Series 2002B.
Subsection 1-2. Statement of Objectives
(AS MODIFIED DECEMBER 14, 2004)
The modification authorizes pooling of tax increment revenues to other City tax increment fmancing districts
that experience deficits due to rate compression between 1997 and 2001 pursuant to M.S., Section 469.1763,
Subd. 6. This modification does not (i) increase or reduce the geographic area of the projector district, (ii)
increase the amount of bonded indebtedness to be incurred, (iii) increase the portion of the captured net tax
increment to be retained by the authority, or (iv) increase the total estimated tax increment expenditures or
designate additional property to be acquired by the authority. The district shall remain in existence until all
of the "deficit poolable funds" have been expended as set forth in the plan.
The tax increment to be deficit pooled from this district is intended to be used for preexisting obligations in
the ILN Tax Increment Financing District. Existing obligations include the $5,075,000 General Obligation
Tax Increment Bonds, Series 1996. This bond was refunded by the $2,460,000 Taxable General Obligation
Tax Increment Refunding Bonds, Series 2002B, to achieve a lower interest rate. The preexisting obligations
are estimated to be $3,013,633 (principal and interest).
It is estimated that $5,694,630 in bonded indebtedness will be fmanced with tax increment revenues. It is
estimated that up to $1,000,000 in interfund loans/transfers will be fmanced with tax increment revenues.
At the time of the interfund loan/transfer, the City will complete a line item budget modification to the TIF
Plan.
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered A-5 TIF District 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED A-5 TIF DISTRICT
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered A-5 TIF District A-1
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TAX INCREMENT FINANCING PLAN
for the modification of the
RICHFIELD REDISCOVERED B-1 TAX INCREMENT
FINANCING DISTRICT
(a redevelopment district)
within the
RICHFIELD REDEVELOPMENT PROJECT AREA
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF RICHFIELD
HENNEPIN COUNTY
STATE OF MINNESOTA
Adopted: July 23, 1990
Modified: February 23, 1998
Modified: December 14, 2004
~ E H L E R S Prepared by: FRIERS & ASSOCIATES, INC.
3060 Centre Pointe Drive, Roseville, Minnesota 55113-1105
s a s s o c i a r e s i n c (651) 697-8500 fax: (651) 697-8555 www.ehlers-inc.com
TABLE OF CONTENTS
(for reference purposes only)
THE RICHFIELD REDISCOVERED B-1 TAX INCREMENT FINANCING DISTRICT ...... 1-1
Subsection 1-1. Statutory Authority ........................................ 1-1
Subsection 1-2. Statement of Objectives ................................... 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED B-1 TIF DISTRICT ..................... A-1
THE RICHFIELD REDISCOVERED B-1 TAX INCREMENT FINANCING DISTRICT
(a redevelopment district)
Subsection 1-1. Statutory Authority
ADOPTED JULY23,1990
MODIFIED FEBRUARY23,1998
(AS MODIFIED TO ADD THE FOLLOWING ON DECEMBER 14, 2004)
The 20031egislationaIlows cities to pool to districts that have deficits caused by class rate compression. The
unobligated tax increment collected in the Richfield Rediscovered B-1 Tax Increment Financing (TIF)
District will be transferred to the Interstate-Lyndale-Nicollet (the "ILN") Tax Increment Financing District.
Tax Increment from the ILN will be utilized to pay the principal and interest on the $2,460,000 Taxable
General Obligation Tax Increment Refunding Bonds, Series 2002B.
Subsection 1-2. Statement of Objectives
(AS MODIFIED DECEMBER 14, 2004)
The modification authorizes pooling of tax increment revenues to other City tax increment fmancing districts
that experience deficits due to rate compression between 1997 and 2001 pursuant to M.S., Section 469.1763,
Subd. 6. This modification does not (i) increase or reduce the geographic area of the projector district, (ii)
_ increase the amount of bonded indebtedness to be incurred, (iii) increase the portion of the captured net tax
increment to be retained by the authority, or (iv) increase the total estimated tax increment expenditures or
designate additional property to be acquired by the authority. The district shall remain in existence until all
of the "deficit poolable funds" have been expended as set forth in the plan.
The tax increment to be deficit pooled from this district is intended to be used for preexisting obligations in
the ILN Tax Increment Financing District. Existing obligations include the $5,075,000 General Obligation
Tax Increment Bonds, Series 1996. This bond was refunded by the $2,460,000 Taxable General Obligation
Tax Increment Refunding Bonds, Series 2002B, to achieve a lower interest rate. The preexisting obligations
are estimated to be $3,013,633 (principal and interest).
It is estimated that $480,281 in bonded indebtedness will be financed with tax increment revenues. It is
estimated that up to $1,000,000 in interfund loans/transfers will be financed with tax increment revenues.
At the time of the interfund loan/transfer, the City will complete a line item budget modification to the TIF
Plan.
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered B-I TIF District 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED B-1 TIF DISTRICT
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered B-1 TIF District A-1
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TAX INCREMENT FINANCING PLAN
for the modification of the
RICHFIELD REDISCOVERED B-2 TAX INCREMENT
FINANCING DISTRICT
(a redevelopment district)
within the
RICHFIELD REDEVELOPMENT PROJECT AREA
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF RICHFIELD
HENNEPIN COUNTY
STATE OF MINNESOTA
Adopted: August 24, 1992
Modified: February 23, 1998
Modified: December 14, 2004
E H L E R S Prepared by: FREERS & ASSOCIATES, INC.
3060 Centre Pointe Drive, Roseville, Minnesota 55113-1105
& ASSOCIATES ~ n c (651) 697-8500 fax: (651) 697-8555 www.ehlers-inc.COm
TABLE OF CONTENTS
(for reference purposes only)
THE RICHFIELD REDISCOVERED B-2 TAX INCREMENT FINANCING DISTRICT ...... 1-1
Subsection 1-1. Statutory Authority ........................................ 1-1
Subsection 1-2. Statement of Objectives ................................... 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED B-2 TIF DISTRICT ..................... A-1
n
THE RICHFIELD REDISCOVERED B-2 TAX INCREMENT FINANCING DISTRICT
,~a redevelopment district)
Subsection 1-1. Statutory Authority
ADOPTED AUGUST 24,1992
MODIFIED FEBRUARY23,1998
(AS MODIFIED TO ADD THE FOLLOWING ON DECEMBER 14, 2004)
The 20031egislationaIlows cities to pool to districts that have deficits caused by class rate compression. The
unobligated tax increment collected in the Richfield Rediscovered B-2 Tax Increment Financing (TIF)
District will be transferred to the Interstate-Lyndale-Nicollet (the "ILN") Tax Increment Financing District.
Tax Increment from the ILN will be utilized to pay the principal and interest on the $2,460,000 Taxable
General Obligation Tax Increment Refunding Bonds, Series 2002B.
Subsection 1-2. Statement of Objectives
(AS MODIFIED DECEMBER 14, 2004)
The modification authorizes pooling of tax increment revenues to other City tax increment fmancing districts
that experience deficits due to rate compression between 1997 and 2001 pursuant to M.S., Section 469.1763,
Subd. 6. This modification does not (i) increase or reduce the geographic area of the project or district, (ii)
increase the amount of bonded indebtedness to be incurred, (iii) increase the portion of the captured net tax
increment to be retained by the authority, or (iv) increase the total estimated tax increment expenditures or
designate additional property to be acquired by the authority. The district shall remain inexistence until all
of the "deficit poolable funds" have been expended as set forth in the plan.
The tax increment to be deficit pooled from this district is intended to be used for preexisting obligations in
the ILN Tax Increment Financing District. Existing obligations include the $5,075,000 General Obligation
Tax Increment Bonds, Series 1996. This bond was refunded by the $2,460,000 Taxable General Obligation
Tax Increment Refunding Bonds, Series 2002B, to achieve a lower interest rate. The preexisting obligations
are estimated to be $3,013,633 (principal and interest).
It is estimated that $592,575 in bonded indebtedness will be fmanced with tax increment revenues. It is
estimated that up to $1,000,000 in interfund loans/transfers will be financed with tax increment revenues.
At the time of the interfimd loan/transfer, the City will complete a line item budget modification to the T1F
Plan.
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered B-2 TIF District 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED B-2 TIF DISTRICT
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered B-2 TIF District A- I
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TAX INCREMENT FINANCING PLAN
for the modification of the
RICHFIELD REDISCOVERED B-3 TAX INCREMENT
FINANCING DISTRICT
(a redevelopment district)
within the
RICHFIELD REDEVELOPMENT PROJECT AREA
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF RICHFIELD
HENNEPIN COUNTY
STATE OF MINNESOTA
Adopted: July 25, 1994
Modified: February 23, 1998
Modified: December 14,2004
EHLERS Prepared by: EHLERS & ASSOCIATES, INC.
3060 Centre Pointe Drive, Roseville, Minnesota 55113-1105
& ASSOCIATES ~ N c (651) 697-8500 fax: (651) 697-8555 www.ehlers-inc.COm
TABLE OF CONTENTS
(for reference purposes only)
THE RICHFIELD REDISCOVERED B-3 TAX INCREMENT FINANCING DISTRICT ...... 1-1
Subsection 1-1. Statutory Authority ........................................ 1-1
Subsection 1-2. Statement of Objectives ........ ......................... 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED B-3 TIF DISTRICT ..................... A-1
THE RICHFIELD REDISCOVERED B-3 TAX INCREMENT FINANCING DISTRICT
(a redevelopment district)
Subsection 1-1. Statutory Authority
ADOPTED JULY25,1994
MODIFIED FEBRUARY23,1998
(AS MODIFIED TO ADD THE FOLLOWING ON DECEMBER 14, 2004)
The 20031egislationaIlows cities to pool to districts that have deficits caused by class rate compression. The
unobligated tax increment collected in the Richfield Rediscovered B-3 Tax Increment Financing (TIF)
District will be transferred to the Interstate-Lyndale-Nicollet (the "ILN") Tax Increment Financing District.
Tax Increment from the ILN will be utilized to pay the principal and interest on the $2,460,000 Taxable
General Obligation Tax Increment Refunding Bonds, Series 2002B.
Subsection 1-2. Statement of Objectives
(AS MODIFIED DECEMBER 14, 2004)
The modification authorizes pooling of tax increment revenues to other City tax increment fmancing districts
that experience deficits due to rate compression between 1997 and 2001 pursuant to M.S., Section 469.1763,
Subd. 6. This modification does not (i) increase or reduce the geographic area of the projector district, (ii)
increase the amount of bonded indebtedness to be incurred, (iii) increase the portion of the captured net tax
increment to be retained by the authority, or (iv) increase the total estimated tax increment expenditures or
designate additional property to be acquired by the authority. The district shall remain in existence until all
of the "deficit poolable funds" have been expended as set forth in the plan.
The tax increment to be deficit pooled from this district is intended to be used for preexisting obligations in
the ILN Tax Increment Financing District. Existing obligations include the $5,075,000 General Obligation
Tax Increment Bonds, Series 1996. This bond was refunded by the $2,460,000 Taxable General Obligation
Tax Increment Refunding Bonds, Series 2002B, to achieve a lower interest rate. The preexisting obligations
are estimated to be $3,013,633 (principal and interest).
It is estimated that $927,600 in bonded indebtedness will be fmanced with tax increment revenues. It is
estimated that up to $1,000,000 in interfund loans/transfers will be financed with tax increment revenues.
At the time of the interfilnd loan/transfer, the City will complete a line item budget modification to the TIF
Plan.
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered B-3 TIF District 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED B-3 TIF DISTRICT
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered B-3 TIF District A-1
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TAX INCREMENT FINANCING PLAN
for the modification of the
RICHFIELD REDISCOVERED B-4 TAX INCREMENT
FINANCING DISTRICT
(a redevelopment district)
within the
RICHFIELD REDEVELOPMENT PROJECT AREA
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF RICHFIELD
HENNEPIN COUNTY
STATE OF MINNESOTA
Adopted: July 10, 1995
Modified: February 23, 1998
Modified: December 14, 2004
E H L E R S Prepared by: FREERS & ASSOCIATES, INC.
3060 Centre Pointe Drive, Roseville, Minnesota 55113-1105
a a s s o c i a r e s i N c (651) 697-8500 fax: (651) 697-8555 www.ehlers-inc.com
TABLE OF CONTENTS
(for reference purposes only]
THE RICHFIELD REDISCOVERED B-4 TAX INCREMENT FINANCING DISTRICT ...... 1-1
Subsection 1-1. Statutory Authority ........................................ 1-1
Subsection 1-2. Statement of Objectives ................................... 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED B-4 TIF DISTRICT ..................... A-1
THE RICHFIELD REDISCOVERED B-4 TAX INCREMENT FINANCING DISTRICT
~a redevelopment district)
Subsection 1-1. Statutory Authority
ADOPTEDJULY10,1995
MODIFIED FEBRUARY23,1998
(AS MODIFIED TO ADD THE FOLLOWING ON DECEMBER 14, 2004)
The 20031egislationaIlows cities to pool to districts that have deficits caused by class rate compression. The
unobligated tax increment collected in the Richfield Rediscovered B-4 Tax Increment Financing (TIF)
District will be transferred to the Interstate-Lyndale-Nicollet (the "ILN") Tax Increment Financing District.
Tax Increment from the ILN will be utilized to pay the principal and interest on the $2,460,000 Taxable
General Obligation Tax Increment Refunding Bonds, Series 20028.
Subsection 1-2. Statement of Objectives
(AS MODIFIED DECEMBER 14, 2004)
The modification authorizes pooling of tax increment revenues to other City tax increment fmancing districts
that experience deficits due to rate compression between 1997 and 2001 pursuant to M.S., Section 469.1763,
Subd. 6. This modification does not (i) increase or reduce the geographic area of the project or district, (ii)
increase the amount of bonded indebtedness to be incurred, (iii) increase the portion of the captured net tax
increment to be retained by the authority, or (iv) increase the total estimated tax increment expenditures or
designate additional property to be acquired by the authority. The district shall remain in existence until all
of the "deficit poolable funds" have been expended as set forth in the plan.
The tax increment to be deficit pooled from this district is intended to be used for preexisting obligations in
the ILN Tax Increment Financing District. Existing obligations include the $5,075,000 General Obligation
Tax Increment Bonds, Series 1996. This bond was refunded by the $2,460,000 Taxable General Obligation
Tax Increment Refunding Bonds, Series 20028, to achieve a lower interest rate. The preexisting obligations
are estimated to be $3,013,633 (principal and interest).
It is estimated that $1,483,775 in bonded indebtedness will be fmanced with tax increment revenues. It is
estimated that up to $1,000,000 in interfund loans/transfers will be fmanced with tax increment revenues.
At the time of the interfund loan/transfer, the City will complete a line item budget modification to the TIF
Plan.
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered B-4 TIF District 1-1
r-
~_ ; ~
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED B-4 TIF DISTRICT
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered Bji TIF District A- I
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TAX INCREMENT FINANCING PLAN
for the modification of the
RICHFIELD REDISCOVERED B-5 TAX INCREMENT
FINANCING DISTRICT
(a redevelopment district)
within the
RICHFIELD REDEVELOPMENT PROJECT AREA
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF RICHFIELD
HENNEPIN COUNTY
STATE OF MINNESOTA
Adopted: February 23, 1998
Modified: January 22, 2001
Modified: December 14, 2004
E H L. E R S Prepared by: FREERS & ASSOCIATES, INC.
3060 Centre Pointe Drive, Roseville, Minnesota 55113-1105
a a s s o c i a r e s i N c (651) 697-8500 fax: (651) 697-8555 www.ehlers-inc.com
TABLE OF CONTENTS
(for reference purposes only)
THE RICHFIELD REDISCOVERED B-5 TAX INCREMENT FINANCING DISTRICT ...... 1-1
Subsection 1-1. Statutory Authority .. .................................... 1-1
Subsection 1-2. Statement of Objectives ................................... 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED B-5 TIF DISTRICT ..................... A-1
THE RICHFIELD REDISCOVERED B-5 TAX INCREMENT FINANCING DISTRICT
~a redevelopment district)
Subsection 1-1. Statutory Authority
ADOPTED FEBRUARY23,1998
MODIFIED JANUARY22, 2001
(AS MODIFIED TO ADD THE FOLLOWING ON DECEMBER 14, 2004)
The 2003 legislation allows cities to pool to districts that have deficits caused by class rate compression. The
unobligated tax increment collected in the Richfield Rediscovered B-5 Tax Increment Financing (T1F)
District will be transferred to the Interstate-Lyndale-Nicollet (the "II.,N") Tax Increment Financing District.
Tax Increment from the ILN will be utilized to pay the principal and interest on the $2,460,000 Taxable
General Obligation Tax Increment Refunding Bonds, Series 2002B.
Subsection 1-2. Statement of Objectives
(AS MODIFIED DECEMBER 14, 2004)
The modification authorizes pooling of tax increment revenues to other City tax increment fmancing districts
that experience deficits due to rate compression between 1997 and 2001 pursuant to M.S., Section 469.1763,
Subd. 6. This modification does not (i) increase or reduce the geographic area of the projector district, (ii)
increase the amount of bonded indebtedness to be incurred, (iii) increase the portion of the captured net tax
increment to be retained by the authority, or (iv) increase the total estimated tax increment expenditures or
designate additional property to be acquired by the authority. The district shall remain in existence until all
of the "deficit poolable funds" have been expended as set forth in the plan.
The tax increment to be deficit pooled from this district is intended to be used for preexisting obligations in
the ILN Tax Increment Financing District. Existing obligations include the $5,075,000 General Obligation
Tax Increment Bonds, Series 1996. This bond was refunded by the $2,460,000 Taxable General Obligation
Tax Increment Refunding Bonds, Series 2002B, to achieve a lower interest. rate. The preexisting obligations
are estimated to be $3,013,633 (principal and interest).
It is estimated that $3,076,160 in bonded indebtedness will be financed with tax increment revenues. It is
estimated that up to $1,000,000 in interfund loans/transfers will be financed with tax increment revenues.
At the time of the interfund loan/transfer, the City will complete a line item budget modification to the TIF
Plan.
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered B-5 TIF District 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE RICHFIELD REDISCOVERED B-5 TIF DISTRICT
Richfield HRA Modification to the TIF Plan for the Richfield Rediscovered B-5 TIF District A-1
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TAX INCREMENT FINANCING PLAN
for the modification of the
INTERCHANGE TAX INCREMENT FINANCING
DISTRICT
(a redevelopment district)
within the
RICHFIELD REDEVELOPMENT PROJECT AREA
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF RICHFIELD
HENNEPIN COUNTY
STATE OF MINNESOTA
Adopted: October 28, 1996
Modified: December 14, 2004
E H L E R S Prepared by: FREERS & ASSOCIATES, INC.
`~ 3060 Centre Pointe Drive, Roseville, Minnesota 55113-1105
6 ASSOCIATES ~ N c (651) 697-8500 fax: (651) 697-8555 W W W.ehlefs-inc.COm
TABLE OF CONTENTS
(for reference purposes only)
THE INTERCHANGE TAX INCREMENT FINANCING DISTRICT ..................... 1-1
Subsection 1-1. Statutory Authority ........................................ 1-1
Subsection 1-2. Statement of Objectives ................................... 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE INTERCHANGE TIF DISTRICT .................................... A-1
THE INTERCHANGE TAX INCREMENT FINANCING DISTRICT
Sa redevelopment districtl
Subsection 1-1. Statutory Authority
ADOPTED OCTOBER 28,1996
(AS MODIFIED TO ADD THE FOLLOWING ON DECEMBER 14, 2004)
The 20031egislationaIlows cities to pool to districts that have deficits caused by class rate compression. The
unobligated tax increment collected in the Interchange Tax Increment Financing (T1F) District will be
transferred to the Interstate-Lyndale-Nicollet (the "ILN") Tax Increment Financing District. Tax Increment
from the ILN will be utilized to pay the principal and interest on the $2,460,000 Taxable General Obligation
Tax Increment Refunding Bonds, Series 2002B.
Subsection 1-2. Statement of Objectives
(AS MODIFIED DECEMBER 14, 2004)
The modification authorizes pooling of tax increment revenues to other City tax increment financing districts
that experience deficits due to rate compression between 1997 and 2001 pursuant to M.S., Section 469.1763,
Subd. 6. This modification does not (i) increase or reduce the geographic area of the project or district, (ii)
increase the amount of bonded indebtedness to be incurred, (iii) increase the portion of the captured net tax
increment to be retained by the authority, or (iv) increase the total estimated tax increment expenditures or
designate additional property to be acquired by the authority. The district shall remain in existence until all
of the "deficit poolable funds" have been expended as set forth in the plan.
The tax increment to be deficit pooled from this district is intended to be used for preexisting obligations in
the ILN Tax Increment Financing District. Existing obligations include the $5,075,000 General Obligation
Tax Increment Bonds, Series 1996. This bond was refunded by the $2,460,000 Taxable General Obligation
Tax Increment Refunding Bonds, Series 2002B, to achieve a lower interest rate. The preexisting obligations
are estimated to be $3,013,633 (principal and interest).
It is estimated that $2,022,254 in bonded indebtedness will be financed with tax increment revenues. It is
estimated that up to $1,000,000 in interfund loans/transfers will be financed with tax increment revenues.
At the time of the interfund loan/transfer, the City will complete a line item budget modification to the TIF
Plan.
Richfield HRA Modification to the TIF Plan for the Interchange TIF District 1-1
APPENDIX A
MAP OF THE RICHFIELD REDEVELOPMENT PROJECT AREA
AND THE INTERCHANGE TIF DISTRICT
Richfield HRA Modification to the TIF Plan for the Interchange TIF District A-I
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AGENDA ITEM # S C
REPORT # 53
=~~_s: STAFF REPORT
r
HOUSING AND REDEVELOPMENT
AUTHORITY MEETING
NOVEMBER 15, 2004
REPORT PREPARED BY: BRUCE NORDQUIST, HOUSING AND
REDEVELOPMENT MANAGER
NAME, T!%Zli
REPORT PRESENTER: BRUCE NORDQUIST, HOUSING AND
REDEVELOPMENT MANAGER
NAML, T/lLZ
DEPARTMENT DIRECTOR REVIEW:
.S'/(iNAT(IRl3
REVIEWED BY EXECUTIVE DIRECTOR:
ITEM FOR HRA CONSIDERATION:
Consideration of releasing relocation funds held on deposit and required by an Agreement
between the Housing and Redevelopment Authority and Gramercy Corporation for the City
Bella ro'ect.
I. RECOMMENDED ACTION:
By Motion: Approve the attached Resolution that releases the
amount of secured funds provided for in an Assignment of Deposit
Account between the Housing and Redevelopment Authority and
Gramercy Corporation.
II. BACKGROUND
In December 2002 the Housing and Redevelopment Authority (HRA) notified
tenants in the Checker Auto and Trestman Music buildings that they may be eligible
for relocation benefits. Gramercy Corporation pledged $155,000 in a deposit
account to secure Gramercy's obligation to the HRA to pay costs related to the
condemnation/relocation process. All claims have been settled that were filed
within 18 months of the HRA's notice of eligibility with the exception of one claim for
$1,800 which expires on November 30,2004. At least one tenant did not submit a
claim after multiple contacts. A claim is not expected to be submitted.
111504 City Bella Project
Gramercy Corporation has paid all claims that have been filed. In May 2004, the
HRA's relocation consultant recommended that the amount on deposit be reduced
`~._J from $155,000 to $107,500. Sufficient funds have remained on deposit to cover
outstanding claims and are no longer needed.
III. BASIS OF RECOMMENDATION
A. POLICY
• The actions of the HRA and Gramercy Corporation are based on a
Contract for Private Redevelopment, as amended and restated and an
Assignment of Deposit Account Agreement.
• All Contract and Agreement conditions have been met to date.
B. CRITICAL ISSUES
• Gramercy Corporation has requested the HRA to release the
remaining amount ($107,500) on deposit. The release is a reasonable
request given that all approved claims have been paid.
• The Resolution further recognizes that if a claim should be submitted
at some time in the future, Gramercy Corporation remains
responsible.
C. FINANCIAL
• The developer's financial obligation has been met.
D. LEGAL
• Legal Counsel prepared the Resolution for release of funds.
• Legal Counsel concurs with the Relocation Consultant's determination
that all claims have been processed.
IV. ALTERNATIVE RECOMMENDATION~S~
• The HRA could choose to not release the secured amount.
V. ATTACHMENTS
• Resolution
VI. PRINCIPAL PARTIES EXPECTED AT MEETING
• N/A
r
HRA RESOLUTION NO.
' RELEASE OF SECURED AMOUNT PROVIDED FOR IN
ASSIGNMENT OF DEPOSIT ACCOUNT AND RIGHTS TO PAYMENT
WHEREAS, Gramercy Corporation executed an Assignment of Deposit Account
and Rights to Payment on December 22, 2002, granting to the Housing and
Redevelopment Authority in and for the City of Richfield ("Secured Party") a security
interest in the Deposit Account therein identified ("the Assignment"); and
WHEREAS, The Assignment pledged the sum of $155,000.00 deposited in the
subject account to the Secured Party, which sum remained in the account together with
accrued interest until reduced on May 17, 2004 to $107,500; and
WHEREAS, the security interest granted the Secured Party was perfected by the
filing of a UCC Financing Statement in the office of the Minnesota Secretary of State on
December 30, 2002 as Filing No. 20026092799; and
WHEREAS, due to the fact that the obligations of Gramercy Corporation secured
by the Assignment have either been paid or the time in which to make claims has
expired, or in the case of one claim, the claim expires on November 30, 2004.
Gramercy Corporation and the Secured Party have agreed that the balance of funds in
the account may be released as hereinafter provided.
NOW, THEREFORE BE IT RESOLVED by the Housing and Redevelopment
Authority in and for the City of Richfield, as follows:
• That Gramercy Corporation is hereby released from the obligations of the
.Assignment of Account and Rights to Payments; except that $2,500 will be
retained until December 1, 2004 and released thereafter if no claim is filed by
November 30, 2004.
• The amount of the release as of the date of this resolution is $105,000.
• An additional amount of $2,500 is to be released on or after December 1,
2004 if no claim is filed by November 30, 2004. The $2,500 may be released
without further action of the HRA.
• This action does not relieve Gramercy Corporation obligations to make
payments for relocation claims should they arise.
• The Chair and Executive Director are authorized to take all steps necessary
to effectuate the release of funds
Approved by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 15th day of November, 2004
Thomas E. Harms, Chair
ATTEST:
Kristal Stokes, Secretary
iuo922ai~i ~saii
~~
AGENDA ITEM # 5 B
REPORT # 5 2
STAFF REPORT
HOUSING AND REDEVELOPMENT
AUTHORITY MEETING
NOVEMBER 15, 2004
REPORT PREPARED BY: JOHN STARK, ASSISTANT DIRECTOR OF
COMMUNITY DEVELOPMENT
NAME, 77TLE
REPORT PRESENTER: BRUCE PALMBORG, COMMUNITY
DEVELOPMENT DIRECTOR
NAME, TITLE
DEPARTMENT DIRECTOR REVIEW:
SIGNATURE
REVIEWED BY EXECUTIVE DIRECTOR:
ITEM FOR HRA CONSIDERATION:
Consideration of a motion consenting to Richfield Senior Housing's Reassignment of their Tax
Increment Financin Note to U.S. Bank National Association.
I. RECOMMENDED ACTION:
Adopt a Motion consenting to Richfield Senior Housing's
Reassignment of their Tax Increment Financing Note to U.S. Bank
National Association.
II. BACKGROUND
In 1999, the Richfield Housing and Redevelopment Authority (HRA) entered into a
Contract for Private Development with Richfield Senior Housing (RSH) for the Mainstreet
Village development. That Contract identified a Tax Increment Financing (TIF) pay-as-
you-go payment to RSH in the amount of $4,155,944. RSH utilized the cash proceeds of a
Housing Bond to fund their development of the project. As part of the terms of RSH's
Housing Bond, they pledged the TIF. pay-as-you-go payment to the trustee of the bond.
The HRA, therefore, consented to RSH's assignment of the TIF pay-as-you-go note to the
trustee for the Housing Bond.
Earlier this year, RSH negotiated the terms of the refinancing of their Housing Bond. This
refinancing has financial benefits to the developer as well as the benefit to the HRA of a
payoff of an HRA loan of approximately $338,000 that was established due to "unforeseen
111504 rsh
condemnation costs." As part of their refinancing, the new trustee of the Housing Bond
(U.S. Bank National Association) is requiring that the Note be reassigned to them.
III. BASIS OF RECOMMENDATION
A. POLICY
• The Richfield HRA entered into a Contract for Private Development
with RSH for the Mainstreet Village development in 1999.
• That Contract identified a TIF pay-as-you-go payment to RSH.
• Originally the note for the TIF pay-as-you-go payment was issued to
RSH and assigned to the trustee for the Housing Bond.
• Earlier this year, RSH negotiated the terms of a refinancing of their
Housing Bond.
• The new trustee for the refinanced housing bond (U.S. Bank Nat'I
Assn.) requires that the Note be reassigned to them prior to closing on
the refinance.
B. CRrrICAL IssUEs
• The closing on the refinancing of the Housing Bond is scheduled for
November 23, 2004.
C. FINANCIAL
• The HRA will receive payment in full of the loan made to RSH for the
higher than anticipated acquisition costs.
D. LEGAL
• This action is being considered at the request of the HRA legal
counsel
IV. ALTERNATIVE RECOMMENDATION(S~
• Continue this item until a later meeting date in order to address any
unresolved questions of the HRA; this action would delay (and possibly
jeopardize) the closing of RSH's refinancing.
V. ATTACHMENTS
• N/A
VI. PRINCIPAL PARTIES EXPECTED AT MEETING
• N/A
n
~i
AGENDA ITEM # SA
REPORT # 51
STAFF RETORT
HOUSING AND REDEVELOPMENT
AUTHORITY MEETING
NOVEMBER 15, 2004
REPORT PREPARED BY: BRUCE NORDQUIST, HOUSING AND
REDEVELOPMENT MANAGER
NAME, TITLE
REPORT PRESENTER: BRUCE NORDQUIST, HOUSING AND
REDEVELOPMENT MANAGER
NAME, TITLE
DEPARTMENT DIRECTOR REVIEW: ~-~,~ '
L"I r`
SIGNATURE
REVIEWED BY EXECUTIVE DIRECTOR:
ITEM FOR HRA CONSIDERATION:
Consideration of canceling the public hearing regarding the sale of 6329 14th Avenue to
Greater Metropolitan Housing Corporation for single family home development. (Continued
from October 18, 2004.
I. RECOMMENDED ACTION:
By motion: Cancel the public hearing authorizing the sale of 6329
14th Avenue to Greater Metropolitan Housing Corporation for single
family home development. (Continued from October 18, 2004.)
II. BACKGROUND
The Housing and Redevelopment Authority (HRA) has purchased a very small
property at 6329 14th Avenue for single family development and sale to a first time
buyer. It is proposed that the HRA sell the property to Greater Metropolitan
Housing Corporation (GMHC). The existing home is grossly substandard and
would be removed as part of the project. The development agreement and house
plans are still being finalized. It is requested that the public hearing, authorization to
sell, and approval of a development agreement be canceled.
111504-6329 14`h Ave
III. BASIS OF RECOMMENDATION
A. POLICY
• A public hearing had been scheduled for October 18, 2004 and
continued to November 15. House plans and agreements are still
being finalized.
• ~A new public hearing would be scheduled when plans and
agreements are ready.
B. CRITICAL ISSUES
• Proceeding with the public hearing and authorization to sell to GMHC
is not advised with plan and agreement preparation still underway.
C. FINANCIAL
• Funding is available for the project, primarily to be proceeds of sale of
the new home.
• Holding costs are minimal since the home is vacant and utilities are
being discontinued.
D. LEGAL
• Notice of public hearing on sale of the property was published October
7, 2004 in the Sun-Current.
IV. ALTERNATIVE RECOMMENDATION(S~
• Proceed with the sale and development agreement although presently in an
outline form.
Continue the public hearing.
V. ATTACHMENTS
• N/A
VI. PRINCIPAL PARTIES EXPECTED AT MEETING
• NA
n
~~ STAFF REPORT
AGENDA ITEM #
REPORT #
HOUSING AND REDEVELOPMENT
AUTHORITY MEETING
~~= NOVEMBER 15, 2004
3
50
REPORT PREPARED BY:
REPORT PRESENTER:
BRUCE NORDQUIST, HOUSING AND
REDEVELOPMENT MANAGER
NAME, !l!Zl:
BRUCE NORDQUIST, HOUSING AND
REDEVELOPMENT MANAGER
DEPARTMENT DIRECTOR REVIEW:
REVIEWED BY EXECUTIVE DIRECTOR:
NanaE, Til/.E
J'/GNFl %'(//l/i
ITEM FOR HRA CONSIDERATION:
Presentation of award for Woodlake Centre.
I. RECOMMENDED ACTION:
By Motion: Accept the Woodlake Centre 2004 Smart Growth Design
Award.
II. BACKGROUND
Woodlake Centre continues to be recognized by organizations that encourage
quality development.
On October 21, 2004 the organization, "1000 Friends of Minnesota" recognized
Woodlake Centre and its public and private partners with the "2004 Smart Growth
Design Award". A panel of judges found Woodlake Centre to be an excellent
example of using selective infill to transform a low density, single-use site into a
dense, mixed-use urban center.
(~ It could not have come at a better time as nationally the National Association of
~- / Realtors on the same date, issued a press release:
111504 Woodlake Centre
"Among people planning to buy a home in the next three years, 87 percent
place a high importance on...a shorter commute, sidewalks, amenities like
shops, restaurants, libraries, schools, and public transportation within walking
distance...Smart Growth communities are the wave of the future".
Bruce Nordquist, Housing and Redevelopment Manager accepted the award on
behalf of the Housing and Redevelopment Authority (HRA), City Council and
development partners.
III. BASIS OF RECOMMENDATION
A. POLICY
• The HRA participates in redevelopment with partnerships that yield
quality projects.
• An award has been presented to recognize the ZHRA, City Council,
Richfield State Agency, Elness Swenson Graham Architects, Frana
and Sons Construction and Ryan Construction for authorizing,
designing, developing and building Woodlake Centre.
B. CRITICAL ISSUES
• The award includes a certificate for framing and a plaque to be
installed at Woodlake Centre. More information about 1000 Friends of
Minnesota is available at: www.1000fom.org
C. FINANCIAL
• N/A
D. LEGAL
• N/A
IV. ALTERNATIVE RECOMMENDATION(S~
• N/A
V. ATTACHMENTS
• Copy of certificate
VI. PRINCIPAL PARTIES EXPECTED AT MEETING
• N/A
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2004 Smart Growth. Design Awards
--------------------------------------------------------------------------------------------------------
n
The Smart Growth Design Awards honor those who. lead the way
by demonstrating that development can enhance our natural
environment and create vibrant communities..
The Smart Growth Design Awards celebrate the achievements of key leaders in
development consistent with the Principles of Smart Growth.
Winners have been chosen by their ability to demonstrate how new building and
public realm construction contribute to neighborhood and regional livability.
Winners also demonstrate how both the design process, as well as the end product,
contribute to a local identity and provide for local citizens' daily needs.
Judging.. Panel
~.:ro Close is the foundin Princi al of Close Landsca a Architecture an urban desi n and landsca e -
g P P g p architectural con
suiting firm located in Saint Paul, Minnesota. He has led or participated in numerous development and redevelopment
projects in the inner city and suburbs of the Twin Cities metropolitan area. These have included the design of a new
residential neighborhood and riverfront park on a Saint Paul superfund site, a recreation marina and greyfiedd redevel-
opment project in a suburban Saint Paul community, and a new, 322 acre transit-oriented town center northwest of
downtown Minneapolis. He also developed a conceptual master plan-for the redevelopment of a -175-acre supen`und
site into amixed-use, mixed-income housing and marina project in the Duluth harbor. Bob taught urban design and
landscape architecture studios at the University of Minnesota. College of Architecture and Landscape.Architecture for
nine years and interdisciplinary design studios at the Minneapolis College of Art and Design for three. He continues to
lecture and teach occasional studios at the University. He was recently appointed to his fourth term as an advisor to
the Metropolitan Council. on their Livable Communities Advisory Committee.
Rodney D. Hardy is a Principal of the Sienna Corporation and has more than 30 years experience in the planning and
development field. Rod was instrumental in helping Sienna broaden its efforts in the areas of Traditional Neighborhood
Development (Park Place in Farmington, Minnesota) and apublic/private venture with the-City of East Grand Forks,
Minnesota to rebuild its housing stock lost in the floods of 1997. Rod's academic career includes an undergraduate
degree with honors from Harvard College, a Masters Degree in Architecture from the University of Pennsylvania, and a
Fullbright Fellowship at the University of Edinburgh (Scotland). He serves on the executive committee of the
Minneapolis District Council of the Urban Land Institute, is a former trustee of the Episcopal Diocese of Minnesota,
and is active in his local Rotary club.
Kari is aboard member of the Prospect Park East River Road Improvement Association in Southeast.
Minneapolis where he has lived for the past 35 years. He received his Bachelors of Arts from California State
University -Fresno, and his Masters in Public Policy and Administration with an emphasis on urban and regional plan-
ningfrom the University of Wisconsin, Madison. John is a PlanningAnalyst with the Metropolitan-Council's Community
Development Division.
2
Rich McLaughlin currently practices as an independent design consultant and as adjunct faculty for the College of
Architecture and Landscape Architecture at the University of Minnesota. He has led citizen workshops and design
charettes for communities throughout the country. Rich's comprehensive understanding of principles and techniques
r building sustainable, walkable neighborhoods. is complemented with practical implementation experience.Through
professional experience and eight years as a Minnesota Design Team volunteer, Rich has become well aware of the
challenges and opportunities facing communities throughout the state, and how they might be addressed squarely
through community-based visioning. He has also come to understand how highly transparent planning and design
processes can become educational experiences, constituency-building events and a foundation for success. Rich holds
undergraduate degrees in American Cultural History from the University of Wisconsin, and Architecture from the
University of Minnesota, as well as a Master of Architecture from Arizona State University.
Philipp Muessig_ is a Pollution Prevention Specialist and Sustainable Communities Team Member at the Minnesota
Office of Environmental Assistance. Philipp promotes sustainable community development through direct assistance,
funding, and publication of a biweekly a-mail newsletter to the 2600 members of the MN Sustainable Communities
Network. Prior to joining the Office of Environmental Assistance, he spent eight years as executive director with a
Minneapolis neighborhood association where he also staffed the local business association. Philipp also spent five years
as the ombudsman for a regional wholesale grocery cooperative.A graduate of Carleton College, Philipp worked briefly
as a minerals exploration geologist in North America.
Suzanne Rhees,A1CP is an associate with URS, a planning, design and engineering firm with offices nationwide,
working primarily on community-and neighborhood planning, zoning and design. Recent projects include the "Urban
Village Code" and the Riverview Transit Corridor Plan for the City of Saint Paul, the Skyline Parkway Corridor
Management Plan for the Ciry of Duluth, and zoning ordinance updates for Green Bay,Wisconsin, and Rice County,
Minnesota. Suzanne edited the Minnesota APA chapter newsletter, Planning Minnesota, from 1994 to 2002,-and has
written articles for Planning, Zoning News and other publications. She is the author of the 1990 PAS .Report
~jnventing the Village, one of the first applications of new urbanist concepts to existing small towns, villages and ham-
~.;~s, and was a contributing editor of a new PAS Report: Codifying the New Urbanism.
Brian Ross is a co-founder of CR Planning, a regional and community planning consulting firm that provides land use,
economic development, and natural resource planning. He has worked .with many communities on sustainable develop-
ment and smart growth. policies, programs, and regulations, including Minneapolis's first-in-the-nation ordinance award-
ing density bonuses for energy efficiency.. Brian vvas the primary author of Minnesota Planning's guidebook on sustain-
able development practices, "From Policy to Reality: Model .Ordinances for Sustainable Development", Hometown
Minnesota, Inc.'s guidebook on sustainable development and downtown planning,."The Heart of the Community;
Downtown Planning and Sustainable Development", and model ordinances for protecting water quality completed by
the Northland NEMO program.
Larry Thompson is a Project Manager with Sienna Corporation. He initially served as project manager for a
public private joint venture between Sienna and the State of Minnesota to assist the Ciry of East Grand Forks to
rebuild its housing stock after the 1997 flood. Recently he has .managed various elements in the development of over
1,400 lots, including. land acquisition, design, entitlement, financing, construction and sales. Prior to joining Sienna in
1997, Larry served as city administrator of three different cities. During his 12-year tenure with Farmington, Minnesota,
he managed a $ I 0 million operating budget and 60 full-time employees .through a period that saw the city more than
double its population. His most recent position in River Falls,Wisconsin, included a Housing and Redevelopment
Authority and Electric Utility, where he managed an annual budget of over $ 15 million, and 150- full- and part-time
employees. Larry .earned his. undergraduate degree and Masters of Arts degree in Public Administration from-
Minnesota State University.
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2004 Smart Growth Design Award Winners
Building/Block Scale -Marketplace Lofts, Hopkins
This mixed-use project with. lofts above and retail below has helped the
City achieve its goal of bringing new energy and economic stability back
to this suburban main. street. The close involvement of local stakehold-
ers ensured that the finished product carried out the goals of the
broader community. Careful attention to architectural detail creates a
visually interesting streetscape and reinforces the historic nature of the
downtown area. By bringing residents to Main Street Hopkins,
Marketplace Lofts has brought new life to this suburban downtown and
serves as an excellent example of small-scale downtown revitalization.
Neighborhood Housing Infill -New Bridge, St. Paul
.This residential urban infill development employed New Urbanist prin-
ciples of small lot sizes, front porches, rear garages, sidewalks and nar-
row streets to increase the density and livability of this neighborhood.
The style of the homes compliments that of the surrounding St. Paul
neighborhoods and brings the amenities of association-maintained liv-
ing to the City.The relatively high density of the development kept
housing costs down and allowed for.. much. of the adjacent open space
to be preserved."
Neighborhood Housing and Workplace Infill -Excelsior Tech Center and Regency Development, Hopkins
This project renovated the abandoned Alliant Techsystems defense
plant into amixed-business center that includes .office, space, ware-
house/manufacturing space, mini-storage and production'space.A
neighborhood with rowhomes and detached townhomes was con-
structed on the surface parking lots bringing additional housing
adjacent to this job center.The homes reflect the architectural
style of a nearby historic neighborhood with rear garages,. front
porches and sidewalks connecting the neighborhood to a regional
trail system.This creative solution to a difficult problem has
brought housing and jobs together and turned. a blighted industrial.
property into a community amenity without the use of public
subsidies.
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Town Center Redevelopment -Excelsior and Grand, St. Louis Park
This extensive- redevelopment of Excelsior Boulevard incorporates
retail space, mixed income housing, a park, amphitheater, and com-
munity gathering space to implement the community's vision of a
walkable town center. By paying careful attention to the needs of all
users, Excelsior and Grand has created both a strong public realm
for the community and private amenities for its residents.The suc-
cess of this project demonstrates how a thoughtful integration of
uses can transform a blighted, suburban arterial into an active, thriv-
ing town center.
Town Center Infill -Woodlake Centre, Richfield
The City of Richfield undertook the redevelopment of Woodlake
Centre as one step in implementing the City's town center revital-
ization plan. Selective infill was used to improve the street presence
of the .existing buildings at this prominent intersection that was
once dominated by surface parking.The construction of a parking
ramp on-site created room for an assisted living facility as well as a
public plaza and sculpture garden.Townhomes with a mix of mar-
. ket-rate and affordable. rents were constructed on an adjacent par-
'cel increasing housing choices in Richfield's downtown area.
Woodlake Centre is an excellent example of using selective infill to
transform aloes-density, single-use site into a dense, mixed-use
urban .center.
City/Regional Scale -The Pha{en Corridor, St. Paul
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