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11-19-01 agendaCITY OF RICHFIELD, MINNESOTA HOUSING AND REDEVELOPMENT AUTHORITY MONDAY, NOVEMBER 19, 2001 RICHFIELD CITY HALL 6700 PORTLAND AVENUE COUNCIL CHAMBERS 7 .P.M. AGENDA Call to order Approval of minutes of (1) Regular HRA Meeting of October 15, 2001 and (2) Special HRA Meeting of October 30, 2001 1. Opportunity for citizens to address the HRA on items not on the agenda Notes: 2: HRA approval of agenda 3. 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 resolution authorizing modifications to Richfield Home Rehabilitation Deferred Loan Program S.R. No. 62 B. Consideration of approval of amended resolution authorizing purchase of 6819 Oliver Avenue for single family redevelopment S.R. No. 63 C. Consideration of approval of resolution authorizing submittal of application to Tax Base. Revitalization Account S.R. No. 64 D. Consideration of approval of contract with Short Elliot Hendrickson, Inc. for building evaluation services to qualify selected areas identified for redevelopment for tax increment financing S.R. No. 65 E. Consideration of approval of leasing portion of Gleason Mortuary property at 7601 Pleasant Avenue S.R. No. 66 Notes: 4. Public hearing and consideration of-resolution authorizing-sale--of-property at 6529 Emerson Avenue to Real Property Investment for- new construction of single family - home Staff Report No. 67 Notes: 5. Public hearing and consideration of resolution adopting 2002 HRA budget and property tax levy and resolution adopting revision of 2001 HRA budget Staff Report No. 68 Notes: 6. 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 # 3A REPORT # E) 2 • J STAFF REPORT .] • HOUSING AND REDEVELOPMENT AUTHORITY MEETING NOVEMBER 19, 2001 PAM BOOKHOUT, REPORT PREPARED BY: REHABILITATION SPECIALIST NAME, TITLE REPORT PRESENTER: BRUCE PALMBORG, COMMUNITY DEVELOPMENT DIRECTOR NAME, TITLE DEPARTMENT DIRECTOR REVIEW: SIGNATURE REVIEWED BY EXECUTIVE DIRECTOR: ~ , l,~ ~, n ITEM FOR HRA CONSIDERATION: Authorization of modifications to the Richfield Rehabilitation Deferred Loan Program guidelines; consider new requirements and procedures under federal Lead-Safe Housing Regulations. I. RECOMMENDED ACTION: By Motion: Approve the attached resolution authorizing modifications to the Richfield Home Rehabilitation Deferred Loan Program. III. BACKGROUND I Richfield's Home Rehabilitation Deferred Loan Program (Deferred Loan Program). provides rehabilitation assistance to low income Richfield homeowners. Each year the Housing and Redevelopment Authority (HRA) utilizes a portion of the Community Development Block Grant (CDBG) funds allocated to the City from Hennepin County for rehabilitation loans. By assisting approximately 12-18 low income homeowners each year with approximately $175,000, the Deferred Loan Program plays an important role in achieving an HRA goal to preserve and maintain the City's housing stock. Repairs usually include electrical and plumbing updating, furnace replacement, weatherization, roofing, window and door replacement. Since its beginning in 1978, the program has served over 400 homeowners. 111901 DeferredLoan The Deferred Loan Program is administered by HRA staff in accordance with the program's procedural guidelines, which are based on program criteria established • by Hennepin County and the HRA. Two changes to the guidelines are requested at this time. The first change increases the program's loan amount. Per program guidelines, the deferred loan maximum for the last seven years has been $15,000 per household. Given higher costs for home repairs and improvements, as well as increased property values, which can support a greater real estate title lien, the new loan limit is recommended to be $25,000. Four other cities in Hennepin County still administer their own program .(Minnetonka, Eden Prairie, Edina, and Hopkins), and their loan limits are currently $20,000. Hennepin County directly administers the loan in several other communities in the suburban area, and their limit has been $20,000 since the lead regulations went into effect. However, it is appropriate at this time to increase Richfield's limit to $25,000 because for the homeowners who need it, the money will be available, and in addition, more stringent lead regulations apply over that amount. Of the last 20 loans approved, 16 (80 percent) were $14,000 to $15,000. All loan participants had to drop some work items to stay within the loan limit. 2. Lead-based paint requirements. On September 15, 1999, the U.S. Department of Housing and Urban Development (HUD) introduced new regulations to deal with lead-based paint hazards found in rental and owner-occupied homes that receive federal money. In Richfield, these regulations apply to homes receiving Rehabilitation Deferred Loans since these .loans are made possible by federal CDBG funds. The new regulations called Lead-Safe Housing Regulations, require assessment and/or testing for the presence of lead, and replacement, repair or rehabilitation of affected areas in a lead-safe manner. Properties built . before 1978 are generally presumed as being at risk for the presence of lead. The regulations were to go into effect one year after their introduction. However, HUD realized that there were not enough certified personnel and trained contractors for recipients of federal funds to comply. HUD authorized asix-month transition; until March 15, 2001. Since Hennepin County is the actual entitlement recipient of HUD's funds, Richfield and other sub-recipients are relying on Hennepin County to determine how to implement the regulations properly. Procedures are being interpreted as loans are processed. However, for the Rehabilitation Deferred Loan Program, the following list describes how the regulations are being implemented to date. • All loans initiated after March 15, 2001 need to be assessed for the presence of lead. (Exception includes only those properties whose improvements are less than $5,000 or whose improvements more than likely do not affect areas that could have lead, e.g. replacing a driveway.) • Currently, Hennepin County staff are willing to conduct lead risk assessments, which consist of surface "wipes" in representative areas. of the house. The wipe samples are sent to the City of Minneapolis for lab testing. The Richfield HRA is charged the lab fee; CDBG funds will cover the cost of the testing. • If the lab results show high levels of lead, a full lead testing may be required. If small children are in the home, or if many typically lead-affected areas will be disturbed, the assessmerit by the County may be by-passed in order to do a lead test right away. A full lead test is conducted by a licensed consulting firm. • The HRA arranges for the test; CDBG funds will cover the cost of the testing. • All lead-affected areas on the property must be treated, mitigated or abated. If the lead-affected areas were not part of the homeowner's scope of home improvements, the work will be covered by CDBG. funds in the form of a grant. A form acknowledging the receipt of grant funds would. be attached to the Deferred Loan Repayment Agreement. (Because it is not known how much could be spent just on lead mitigation, it is not yet known if using CDBG funds in the form of a grant will be a long term source of funds. The lab fees and consulting fees noted above would also be covered by CDBG funds at this time.) • Upon completion of the lead mitigation work, a clearance test is required. The clearance test ensures that all lead mitigation was completed and that no lead- based paint hazards remain. At this time, Hennepin County will conduct those clearance tests. If due to volume they are unable to perform such tests in the future, a consulting firm will need to be hired for that work. This detail is for the information of the HRA. No action is required since meeting the regulations is mandatory for use of the federal funds. At this time it appears that the CDBG funds allocated to Richfield are sufficient to meet these additional costs. The second change to the Rehabilitation Deferred Loan guidelines, however, relates to language addressing the presence of lead-based paint in a property receiving loan funds. As the regulations are implemented, more questions surface and are addressed. The current language still applies, but stops short of the full requirements. The suggested language is attached, and may be modified as Hennepin County continues to interpret the regulations. III. ~ BASIS OF RECOMMENDATION A. POLICY • The HRA's Rehabilitation Deferred Loan Program is administrated in accordance with Procedural Guidelines. Although the guidelines are primarily dictated by HUD and Hennepin County, local discretion is allowed in some areas, including in the maximum loan amount. • The increased maximum loan amount will allow most homeowners to get all the necessary property repairs completed, rather than having to defer some improvements until later. • The additional language on lead-based paint procedures will acknowledge the new required regulations. B. CRITICAL ISSUES • The maximum loan amount is insufficient to cover required work approximately 80 percent of the time. Any new loans. initiated after approval of the resolution would be able to utilize the new loan limit. All other terms would remain the same: zero percent interest, with no monthly payments for 30 years, full amount due upon sale. • Lead based paint can be hazardous if not managed properly. Incorporating the regulations into the Procedural Guidelines is the next responsive step. C. FINANCIAL • The Deferred Loan Program remains the only reliable, affordable financing option for fixed income seniors and low-income individuals and families. • Conceivably, if each homeowner applying for a Deferred Loan used the new loan maximum, approximately five less loans would be made available per year. • Current levels of CDBG funds appear sufficient for the increased cost of the lead-safe regulations. D. LEGAL • N/A IV. ALTERNATIVE RECOMMENDATION(S~ • Do not authorize modifications to the guidelines. V. ATTACHMENTS • Resolution • Language from Deferred Loan Program Guidelines • Lead-Based Paint Mitigation Grant Agreement VI. PRINCIPAL PARTIES EXPECTED AT MEETING • N/A • HRA RESOLUTION NO. RESOLUTION AUTHORIZING APPROVAL OF MODIFICATIONS TO THE RICHFIELD HOME REHABILITATION DEFERRED LOAN PROGRAM WHEREAS, the Richfield Housing and Redevelopment Authority (the "HRA") provides a Rehabilitation Deferred Loan Program which utilizes Community Development Block Grant (CDBG) funds to assist lower income homeowners with rehabilitating their homes; and WHEREAS, the program's Procedural Guidelines were approved by the HRA in 1999 and are modified periodically as program requirements and needs dictate; and WHEREAS, Richfield staff has identified modifications to update the program's Procedural Guidelines; and WHEREAS, the HRA has reviewed the modifications. NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota that the Richfield Rehabilitation Deferred Loan Program Procedural Guidelines will be modified to allow for a loan limit. of $25,000 and to include the addition of language that acknowledges the new federal Lead- Safe Housing Regulations. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 19th day of November, 2001: Thomas E. Harms, Chair ATTEST: Secretary 111901 DeferredLoan SECTION IV "IMPROVEMENT STANDARDS" I. Lead-Based Paint 1. Performance Requirement. The dwelling unit shall be in compliance with HUD Lead-Based Paint regulations 24 CFR, Part 570, issued pursuant to the Lead-Based Paint Poisoning Prevention Act, 42 U.S.C. 4801. This is also the basis for the Acceptability Requirement. 2. If the property was constructed prior to 1978, the Borrower shall be furnished with the notice required by HUD Lead-Based Paint regulations and procedures regarding the hazards of lead-based paint poisoning, the symptoms and treatment of lead poisoning and the precautions to be taken against lead poisoning. Documentation of the Borrower's receipt of the notice must be included in the file. 3 The dwelling unit must comply with Lead-Safe Housing Regulations. This may include a risk assessment and/or a full lead test of the property and lead-based paint treatment mitigation or abatement, as determined ~ HUD regulation 24 CFR part 35 et. al. (additional language) • C~ RICHFIELD DEFERRED LOAN PROGRAM LEAD-BASED PAINT MITIGATION GRANT ACKNOWLEDGEMENT Federal Lead-Safe .Housing Regulations address the hazards of lead-based paint ("LBP") found in properties receiving federal money. The Regulations require LBP risk assessment and/or inspections and LBP mitigation in homes where more than $5,000.00 are spent improving or rehabilitating the property. The Richfield Housing and Redevelopment Authority (HRA) is a subrecipient of the Urban Hennepin County Community Development Block Grant Program (CDBG), providing federal funds for the Richfield Deferred Loan Program. Having been approved for a Richfield Deferred Loan for rehabilitation of my/our home located at Richfield. Minnesota 55423, I/we understand that a LBP risk assessment and/or inspection. revealed a lead presence which required mitigation under the Regulations. I/We acknowledge that the HRA has paid $ in CDBG funds for the purpose of mitigating the lead presence on the Property, and that this grant does not have a minimum term, monthly payments, nor an interest rate, and does not need to be repaid. The Grant will not be a lien on the Property. OWNER(S) • • AGENDA ITEM # 3 B REPORT # 63 STAFF REPORT ~ HOUSING AND REDEVELOPMENT AUTHORITY MEETING NOVEMBER 19, 2001 REPORT PREPARED BY: REPORT PRESENTER: DEPARTMENT DIRECTOR REVIEW: REVIEWED BY EXECUTIVE DIRECTOR: PAM BOOKHOUT, REHABILITATION SPECIALIST NAME, TITLE BRUCE PALMBORG, COMMUNITY DEVELOPMENT DIRECTOR ITEM FOR HRA CONSIDERATION: Consideration of an amended resolution authorizing the purchase of 6819 Oliver Avenue for single family redevelopment. I. RECOMMENDED ACTION: By Motion: Approve the attached amended resolution authorizing purchase of 6819 Oliver Avenue South for single family redevelopment. • III. BACKGROUND The Housing and Redevelopment Authority (HRA) authorized the purchase of 6819 Oliver Avenue at the October 15, 2001 meeting. The property had gone into foreclosure and was purchased at the Hennepin County Sheriffs sale on October 25,2001. The resolution had authorized a purchase price of $83,927.67. Due to county fees, closing fees, lender costs and attorney fees that were built into the final bid price, the purchase price was $89,210.00. These fees were not available until the day before the sale. Funds to purchase the property came from the Development Opportunities Fund; and sufficient funds are available to cover the additional costs. Attached is a resolution approving the purchase for the amended purchase figure. 1119oliverlogan NAME; TITLE III. BASIS OF RECOMMENDATION • A. POLICY • The property was previously approved for purchase on October 15, 2001. • The property is vacant and meets program requirements for acquisition. • The amended purchase price of 6819 Oliver Avenue is $89,210.00. B. CRITICAL ISSUES • The HRA's bid for this property at the foreclosure sale was successful. • The property has been vacant for 11 months and has been a source of concern to the neighborhood. C. FINANCIAL • Funds are available from the bonds of 1996. The resolution authorizes the transfer of those funds into the Development Opportunities fund. D. LEGAL • N/A IV. ALTERNATIVE RECOMMENDATION(S~ • Do not approve. amended resolution. V. ATTACHMENTS • Resolution VI. PRINCIPAL PARTIES EXPECTED AT MEETING • N/A • HRA RESOLUTION NO. RESOLUTION AUTHORIZING THE PURCHASE OF PROPERTY LOCATED AT 6819 OLIVER AVENUE SOUTH FOR SINGLE FAMILY REDEVELOPMENT WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (the "HRA") desires to purchase. certain real property for single family redevelopment, said real property being described as: 6819 Oliver Avenue South Lot 10, Block 8, Tingdale Bros. Lincoln Hills Second Addition WHEREAS, the HRA is authorized by Minnesota Statues Section 469.012 to acquire real property within its area of operation; and WHEREAS, the property meets. all program requirements for acquisition; and WHEREAS, the purchase price of $89,210.00 for 6819 Oliver Avenue South is the correct purchase price, based on lender's costs and related .foreclosure fees; and WHEREAS, funds from the bonds of 1996 will be transferred to the Development Opportunities fund to provide for the purchase of the property; and WHEREAS, 1996 bond funds are available for this purpose. NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota. 1. The purchase price of 6819 Oliver Avenue is approved at $89,210.00. 2. The Chairperson and Executive Director are authorized to execute necessary documents to allow purchase of the property in the amount set forth in this resolution. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 19th day of November, 2001. Thomas E. Harms, Chair ATTEST: Michael Sandahl, Secretary ~~ STAFF REPORT 3C 64 AGENDA ITEM # REPORT # HOUSING AND REDEVELOPMENT AUTHORITY MEETING NOVEMBER 19, 2001 • JOHN STARK, REPORT PREPARED BY: COMMUNITY DEVELOPMENT MANAGER NAME, TITLE BRUCE PALMBORG, REPORT PRESENTER: COMMUNITY DEVELOPMENT DIRECTOR NAME, TITLE DEPARTMENT DIRECTOR REVIEW: ~i~ ~l _ REVIEWED BY EXECUTIVE DIRECTOR: ITEM FOR HRA CONSIDERATION: Consideration of a resolution authorizing submittal of an application to the Tax Base Revitalization Account. I. RECOMMENDED ACTION: By Motion: Approval of the attached resolution authorizing submittal of an application to the Tax Base Revitalization Account. III. BACKGROUND ~ The Metropolitan Livable Communities Act created the Tax Base Revitalization Account to provide funds to clean up contaminated land in areas-that have lost commercial/industrial activity in order to make it available for redevelopment. Between $5 million and $7 million is provided annually in this account, with applications due to the Metropolitan Council twice a year. • Housing and Redevelopment Authority (HRA) staff, in cooperation with Best Buy, Opus and their environmental consulting firm, Landmark Environmental, have drafted an application for this grant. The application identifies approximately $1.4 million in eligible environmental cleanup costs. These costs would serve as the basis for the award. Among the environmental cleanup costs were asbestos abatement; removal of underground storage tanks and removal of contaminated soils. If awarded, the grant funds must be used to pay for, or reimburse, the eligible 1119grant environmental cleanup costs. All of these costs were, or will be, incurred by Best Buy. Therefore, if awarded, the HRA would essentially provide these funds directly • to Best Buy. In order to meet the grant deadline, the application was submitted by HRA staff on October 26, 2001 pending approval of the attached resolution. A copy of the grant application is available for review in the Community Development Department. Copies are not being provided at this time because the application is bulky, has oversized maps and would be cumbersome to photocopy. III. BASIS OF RECOMMENDATION A. POLICY • Environmental costs were incurred in the redevelopment of the Interchange West Area. • Funds are available for the expenditure of funds for environmental cleanup through the Tax Base Revitalization Account. • The funds, if received, .would be provided to Best Buy for reimbursement of their environmental cleanup costs. B. CRITICAL ISSUES • N/A C. FINANCIAL • If the grant were awarded, then the HRA would enter into an agreement or an amendment to.the development contract with Best Buy, under which the HRA would reimburse Best Buy for up to the amount of the grant award for environmental cleanup costs that were incurred. • If Best Buy's reimbursement of environmental costs were to result in their site costs falling below $49,709,798 (as specified in Section 3.2 of the Contract for Private Development), then the amount of tax increment financing available to Best Buy would be reevaluated. D. LEGAL • Legal counsel has reviewed the attached resolution. IV. ALTERNATIVE RECOMMENDATION~S~ • N/A V. ATTACHMENTS • Resolution authorizing submittal of an application to the Tax Base Revitalization Account. • VI. PRINCIPAL PARTIES EXPECTED AT MEETING • N/A HRA RESOLUTION NO. RESOLUTION AUTHORIZING APPLICATION FOR THE TAX BASE REVITALIZATION ACCOUNT WHEREAS, the City of Richfield, Minnesota (the "City") is a participant in the Livable Communities Act's Housing Incentives Program for 1996 as determined by the Metropolitan Council, and is therefore eligible to make application for funds under the Tax Base Revitalization Account; and WHEREAS, the City has identified aclean-up project within the City that meets the Tax Base Revitalization account's purpose/s and criteria; and WHEREAS, the City has the institutional, managerial and financial capability to ensure adequate project administration; and WHEREAS, the City certifies that it will comply with all applicable laws and regulations as stated in the contract agreements; and. WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota agrees to act as legal sponsor for the project contained in the Tax Base Revitalization grant application submitted on October 26, 2001. NOW, THEREFORE, BE IT RESOLVED that Community Development Manager John .Stark is hereby authorized to apply to the Metropolitan Council for this funding on behalf of the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota and to execute such agreements as are necessary to implement the project on behalf of the applicant. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 19th day of November, 2001. Thomas E. Harms, Chair ATTEST: Michael Sandahl, Secretary • • AGENDA ITEM # 3D REPORT # 65 STAFF REPORT ~ HOUSING AND REDEVELOPMENT AUTHORITY MEETING NOVEMBER 19, 2001 REPORT PREPARED BY: BRUCE PALMBORG, COMMUNITY DEVELOPMENT DIRECTOR NAME TITLE REPORT PRESENTER: BRUCE PALMBORG, COMMUNITY DEVELOPMENT DIRECTOR NAME, TITLE DEPARTMENT DIRECTOR REVIEW.: ~i~i~' 1 _ .„ REVIEWED BY EXECUTIVE. DIRECTOR: ITEM FOR HRA CONSIDERATION: Consideration of entering into a contract with Short Elliot Hendrickson. Inc. for building evaluation services. I. RECOMMENDED ACTION: By Motion: Approve retaining the services of Short Elliot Hendrickson, Inc. to conduct building evaluations to qualify selected areas identified for redevelopment for tax increment financing. III. BACKGROUND Minnesota State statutes require that structures in an area identified for redevelopment meet condition standards before tax increment financing (TIF) can be utilized. The company which provided that assistance to the Housing and Redevelopment Authority (HRA) in the~past no longer does so. Staff interviewed three companies and has determined that the company of Short Elliot Hendrickson, Inc. (SEH) is qualified to undertake this activity. • 1119Hendrickson III. BASIS OF RECOMMENDATION A. POLICY • State law requires that all structures within a redevelopment area to be redeveloped and financed with TIF meet standards as stated in the statutes. Each structure must be evaluated to determine its compliance with the standards. B. CRITICAL ISSUES • It is necessary to retain the services of a contractor to permit the redevelopment process to continue. The first project in which SEH would be utilized is the site proposed for City Bella. C. FINANCIAL • SEH bills at $60 per hour. A single family home would likely cost approximately $200. A commercial building would cost approximately $300. There are many variables which could cause the cost to move down or up. The two basic elemen#s of the work include evaluating the structure and preparing a .report, which would meet the requirements of the statute. The redeveloper would pay for the cost of the evaluations. D. LEGAL • Staff as well as representatives from Kennedy & Graven, and Ehlers & Associates, Inc. have reviewed the information presented by SEH and are satisfied with their ability to perform. IV. ALTERNATIVE RECOMMENDATION(S~ • Reject SEH and direct staff to identify another contractor. V. ATTACFIlVIENTS • N/A VI. PRINCII'AL PARTIES EXPECTED AT MEETING • N/A • C STAFF REPORT AGENDA ITEM # 3E REPORT # 6 6 HOUSING AND REDEVELOPMENT AUTHORITY MEETING NOVEMBER 19, 2001 • • REPORT PREPARED BY: BRUCE PALMEORG, COMMUNITY DEVELOPMENT DIRECTOR NAME, TITLE REPORT PRESENTER: BRUCE PALMBORG, COMMUNITY DEVELOPMENT DIRECTOR NAME, TITLE DEPARTMENT DIRECTOR REVIEW: I,~.~1 SIGNATURE REVIEWED BY EXECUTIVE DIRECTOR: ~ /" \ _ _ ~ _ ~~ ~ _ ^ ITEM FOR HRA CONSIDERATION: I. RECOMMENDED ACTION: By Motion: Authorize the City to lease a portion of the Gleason Mortua ro ert at 7601 Pleasant Avenue. II. BACKGROUND The Housing and Redevelopment Authority (HRA)-purchased the mortuary property. when the business ceased operation. The building and site are vacant. III. BASIS OF RECOMMENDATION A. POLICY • The HRA purchased the property at an opportune time and is holding it for development. However, development will not be pursued until the future of the adjacent City garage is determined. • The HRA has leased land on a temporary basis to the City in the-past. 1119GIeason B. CRITICAL ISSUES • It would be safer for City equipment to enter and exit the City garage via 76th Street. Also the City could use additional outside storage. The mortuary site would provide both the safer access and additional storage space. C. FINANCIAL • Rental income would be $300 per month. D. LEGAL • The lease would be similar to those previously used with the city with a 60-day cancellation provision by either party. IV. ALTERNATNE RECOMMENDATION(S~ • Reject the leasing concept. V. ATTACHMENTS • N/A VI. PRINCII'AL PARTIES EXPECTED AT MEETING • N/A AGENDA ITEM # REPORT # • J STAFF REPORT HOUSING AND REDEVELOPMENT AUTHORITY MEETING NOVEMBER 19, 2001 • REPORT PREPARED BY: PAM BOOKHOUT, REHABILITATION SPECIALIST NAME, TITLE BRUCE PALMBORG, REPORT PRESENTER: COMMUNITY DEVELOPMENT DIRECTOR NAME, TITLE DEPARTMENT DIRECTOR REVIEW: SIGNATURE REVIEWED BY EXECUTIVE DIRECTOR: ~ ~i~ ~ ~~/~ / , n ITEM FOR HRA CONSIDERATION: Public hearing and approval of the attached resolution authorization the sale of 6529 Emerson Avenue South to Real Property Investment for new construction of a single family home. I. RECOMMENDED ACTION: Conduct and close a public hearing and by motion: Approve the attached resolution authorizing the sale of property located. at 6529 Emerson Avenue to Real Property Investment. II. BACKGROUND The Housing and Redevelopment Authority (HRA) purchased the property at 6529 Emerson Avenue South for redevelopment under the Richfield Rediscovered Program. The HRA authorized sale to a builder in August 2001. The builder's financing fell through, therefore the relationship of the builder and the buyer fell through. The buyer has selected a new builder who has more experience and financial capability. • Demolition of the existing house and garage has already occurred. The new two- story home will be approximately 2,230 finished square feet. Its end value is anticipated to be approximately $220,000 and construction is anticipated to start in 1119-6529 Emerson November, depending on the weather. The Contract for Private Development is similar in form and content to past contracts. III. BASIS OF RECOMMENDATION A. POLICY • The HRA acquired the site for development under the Richfield Rediscovered program. • The builder has shown an acceptable level of experience and qualification. • The terms of the Contract for Private Development have been negotiated. and are in conformance with program guidelines. B. CRITICAL ISSUES • N/A C. FINANCIAL • According to the program guidelines, the builder must provide a Letter of Credit or other acceptable security upon closing to cover the purchase price of the land, $44,000, and performance security in the same amount. D. LEGAL • Notice of public hearing on sale of the property was published on November 7, 2001 in the Sun-Current. IV. ALTERNATIVE RECOMMENDATION~S~ • Do not proceed with the Contract for Private Development with the recommended builder and direct staff to find another buyer. V. ATTACHMENTS • Resolution House plans/elevations VI. PRINCIPAL PARTIES EXPECTED AT MEETING • N/A • HRA RESOLUTION NO. • RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED AT 6529 EMERSON AVENUE TO REAL PROPERTY INVESTMENT WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (HRA) desires to develop certain real property pursuant to and in furtherance of the Richfield Rediscovered program adopted by the HRA, said real property being described as 6529 Emerson Avenue South, and whose legal description is The north 60 feet of Lot B, Silverwood Second Addition to Richfield, Hennepin County, Minnesota; and WHEREAS, the HRA is authorized to sell real property within its area of operation after a public hearing; and WHEREAS, the purchaser of the described property has been identified as Real Property Investment; and WHEREAS, a Contract for Private Development has been prepared, and the sale price of the land is $44,000 with performance security in the same amount; and WHEREAS,. a public hearing has been .held after proper public notice. NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment • Authority in and for the City of Richfield, Minnesota: 1. A public hearing has been held and 6529 Emerson Avenue is authorized to be sold for $44,000 to Real Property Investment; and 2. The Chairperson and Executive Director are authorized to execute a Contract for Private Development and other agreements as required to effectuate the sale to Real Property Investment. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 19th day of November, 2001. Thomas E. Harms, Chair ATTEST: Michael Sandahl, Secretary • • ~~~ E~lIERSON AVE S • { ~~. ~ ., i , . . -~~, ~ L ~~ ' -~~, ` ~ • o` ~. ~ ~ ~ ~~ 1 1 `_ .. . I~ s .. - .... . .._ ~ ~ ~ a As pF n/ -- ~ ~.~.. -- _, _ _ ~ ~ ,, ~ _ . _ .. __ SQUTH ELEVATtQNt -- _ ~ =-- ''~--f- _ •~ it i ~ ~~^L ~~~ - -- - - ~ -~-'-' t s REAR ELEVATION • f tlF~ ( .i. 1 ( _ I ! NORTH ELEVATION ` G f i --__ - ) ~ ~ ~~1 ,. N I <J ~ .. $° c.~ ~ ~ a.~. 2t F ~ . 1 ' Q ~'St.: ~6~« ~ I r ~ ~ h - 1'i'¢x l't' W L. _ ' ~. :.. . Gxtr'w-1 Si1F!'S I __ • FIRST.-LEVEL I ~ ~ ~. t ~~ it .i fii ~~ ~ ~I,KI1 ~p ,~ ~ \a I ler --- ~-. -_ 'y --- f''ih~- tom'-a'-~'~i /~j~J/ r - 1~ y .~~ ,o MiX?Y•~ii1G Rao t r. ~ ~~ • _ _ ' '- SECOND LEVEL i)~' 1~ + I Fa• - ~. >~'i~.t ~'f ~'~' b ,~ N i nl ~~~ • ~ K ~ ~ • _ -- Rcur /. ~ ••~+ 2•nL'}5 w; ... y '>rNoNr ~s T in ur Fa,li a-fzF wry- U.w•~ u ~ r-trrc~l ~ 7rR'; iA "T G~E~ - ---- - ~ 1- r I :, z~. EF I k • AGENDA ITEM # REPORT # STAFF REPORT r HOUSING AND REDEVELOPMENT AUTHORITY MEETING NOVEMBER 19, 2001 5 6.8 REPORT PREPARED BY: CHRIS REGIS, FINANCE MANAGER NAME, TITLE REPORT PRESENTER: DEPARTMENT DIRECTOR REVIEW: REVIEWED BY EXECUTIVE DIRECTOR: ITEM FOR HRA CONSIDERATION: Public hearing and adoption of the 2002 HRA proposed tax levy and budget and consideration of resolution authorizing revision of the 2001 budget of the HRA. I. RECOMMENDED ACTION: By Motion: Adopt the resolution adopting a 2002 HRA budget and property tax levy for 2002 and a resolution adopting revision of the 2001. budget of the HRA. II. BACKGROUND At the August 20, 2001 meeting, the HRA adopted a preliminary levy. That levy was then forwarded to the City Council and adopted with the City's preliminary levy. III. BASIS OF RECOMMENDATION A. POLICY • The HRA approved the Proposed 2002 Budget and Proposed 2002 • HRA General Fund tax levy at its August 20, 2001 meeting. • A public hearing on the proposed HRA 2001 budget and tax levy has been scheduled for November 19, 2001 to provide for public input. 11.19budget CHRIS REGIS, FINANCE MANAGER • The HRA levy will be included as part of the City's final levy documents which will be considered at the City's public hearing on . December 10, 2001. B. CRITICAL ISSUES • The HRA should now take official action to finalize the HRA budget and tax levy. • Notice of the public hearing was published in the November 7, 2001 Richfield Sun Current. C. FINANCIAL • The Proposed 2002 HRA levy represents a 26.9% increase from the previous year's levy. The increase is the result of the passage of the Omnibus Tax Bill, which eliminates Homestead and Agricultural Credit Aid (RAGA). • The proposed levy represents a decrease of $16,761 from the preliminary levy submitted on August 20, 2001. The decrease is due to adjusted base value figures provided by Hennepin County. • The amount of HACA lost by the passage of the tax bill is approximately $48,500, which represents 23.3% of the previous year's levy. • The Omnibus Tax Bill allows-the taxing authorities to levy for the lost HACA aid. Accordingly the HRA has levied for the lost HACA aid. • D. LEGAL • N/A IV. ALTERNATIVE RECOMMENDATION~S~ • The HRA could adopt a preliminary levy less than the one proposed herein. However, that would not provide for programs that are recommended in the 2001 Revised/2002 Proposed budget. V. ATTACHMENTS • Resolution Approving Proposed 2002 Housing and Redevelopment Authority Budget and Certifying the 2002 Tax Levy • Resolution Authorizing Revision of the 2001 Budget of the Housing and Redevelopment Authority of Richfield VI. PRINCIPAL PARTIES EXPECTED AT MEETING • N/A n U HRA RESOLUTION NO. • • RESOLUTION APPROVING PROPOSED 2002 HOUSING AND REDEVELOPMENT AUTHORITY BUDGET AND CERTIFYING THE 2002 TAX LEVY BE IT RESOLVED by the Housing and Redevelopment Authority of the City of Richfield, Minnesota as follows: Section 1. The budget for the Housing and Redevelopment Authority General Fund of Richfield for the year 2002 in the amount of $734,990 is hereby ratified. Section 2. The estimated gross revenue of the Housing and Redevelopment Authority General Fund of Richfield from all sources, including general ad valorem tax levies as hereinafter set forth for the year 2002, and. as the same are more fully detailed in the Executive Director's official copy of the budget for the year 2002, in the amount of $599,020 is hereby approved. Section 3. There is hereby levied upon all taxable property in the City of Richfield an ad valorem tax in 2001, payable in 2.002 for-the following purposes: Housing and Redevelopment Authority $263,954 Section 4. A certified copy of this resolution shall be transmitted to the County Auditor. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 19th day of November, 2001: Thomas E. Harms, Chair ATTEST: Michael Sandahl, Secretary C HRA RESOLUTION NO. • RESOLUTION AUTHORIZING REVISION OF THE 2001 BUDGET OF THE HOUSING AND REDEVELOPMENT AUTHORITY OF RICHFIELD WHEREAS, Resolution No. 790 appropriated funds for personal services and other expenses and capital outlay for the Housing and Redevelopment Authority for the year 2001; and WHEREAS, The Executive Director has requested a revision of the 2001 budget as detailed in the 2002 budget document. NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority of Richfield, Minnesota as follows: Section 1. That the 2001 appropriation for the Housing and Redevelopment Authority General Fund be revised as follows: $72,820 Increase Section 2. Estimated 2001 gross revenue of the Housing and Redevelopment .Authority General Fund from- all sources, as the same are more fully detailed in the Executive Director's official copy of the 2002 budget document, are hereby revised as follows: • $239,030 Increase Section 3. That the Executive Director bring into effect the provisions of this resolution. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 19th day of November, 2001. Thomas E. Harms, Chair ATTEST: Michael Sandahl, Secretary •