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04-19-99 agendaCITY OF RICHFIELD MONDAY, APRIL 19, 1999 • REGULAR HOUSING AND REDEVELOPMENT AUTHORITY MEETING RICHFIELD CITY HALL COUNCIL CHAMBERS 7 P.M. AGENDA CALL TO ORDER APPROVAL OF MINUTES OF REGULAR HRA MEETING OF REGULAR HRA MEETING OF MARCH 15, 1999 OPPORTUNITY FOR CITIZENS TO ADDRESS THE HRA ON ITEMS NOT ON THE AGENDA 2. CONSIDERATION OF EXTENDING AGREEMENT WITH RYAN COMPANIES US, INC. TO DECEMBER 30, 1999 TO CONTINUE STUDY OF PENN AND SIXTY- SIXTH STREET AREA TO DETERMINE REDEVELOPMENT FEASIBILITY AND PREPARE REDEVELOPMENT PLAN OPTIONS HRA LETTER NO. 19 3. CONSIDERATION OF CSM'S COMPLETION OF 120 DAY PRECONDITIONS FOR REDEVELOPMENT OF LYNDALE GATEWAY AREA IN ACCORDANCE WITH • CONTRACT FOR PRIVATE REDEVELOPMENT HRA LETTER NO. 20 4. PUBLIC HEARING AND CONSIDERATION OF RESOLUTION AUTHORIZING SALE OF 6512 BLOOMINGTON AVENUE TO JOHN B. MAHONEY CONSTRUCTION INC., AND CANCELLATION OF PUBLIC HEARING TO SELL OF 7520 COLFAX AVENUE HRA LETTER NO. 21 5. CONSIDERATION OF RESOLUTION AUTHORIZING ISSUANCE OF COMPLETION CERTIFICATES TO TWIN CITIES HABITAT FOR HUMANITY, INC. FOR 6820 PORTLAND AVENUE AND THOMAS J. MAURER CONSTRUCTION, INC. FOR 6820 RUSSELL AVENUE HRA LETTER NO. 22 6. CONSIDERATION OF RESOLUTION AUTHORIZING PURCHASE OF 7608 PILLSBURY AVENUE AS EARLY ACQUISITION FOR FUTURE REDEVELOPMENT HRA LETTER NO. 23 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. HOUSING AND REDEVELOPMENT AUTHORITY HRA Letter No. 23 Agenda April 19, 1999 Issue Statement: Authorization to purchase 7608 Pillsbury Avenue as an "early acquisition" for future redevelopment. Background: The area north of the existing City garage has been identified as a potential expansion space for the City garage or for townhouse redevelopment should the garage relocate to another site. In this area are three single family homes and the Gleason Mortuary. The homeowner at 7608 Pillsbury Avenue plans to move for personal reasons, and has made her home available for purchase. Buying from a willing seller creates less disruption, and prevents a potential buyer from settling in fora .relatively short period of time. The agreed upon purchase price of $109,000 is based on an appraisal report. Recommended Motion: Adopt the attached resolution-which authorizes the purchase of 7608 Pillsbury Avenue at $109,000. Basis of Recommendation: 1. The owner of 7608 Pillsbury Avenue desires to sell and has voluntarily offered her property for purchase. 2. Redevelopment of this area will be a reality in the future. 3. Funds are available for the purchase. Alternative Recommendation: 1. Delay authorization of an early purchase option. 2. Reject the purchaseproposal. Discussion/Decision Mode: Staff will explore the feasibility of renting the property. Items to be evaluated would include the length of time before property would be needed for new development and the cost to bring house into code compliance for rental. Res c Ily submitted, ~j/r' eve .Devi Acting Executive Director SLD:ds HRA RESOLUTION NO. . RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT 7608 PILLSBURY AVENUE FOR REDEVELOPMENT WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (HRA) desires to purchase certain real property pursuant to and in furtherance of the Richfield Redevelopment Project Area heretofore adopted by the City of Richfield (City) and the HRA, said real property being described as follows: 7608 Pillsbury Avenue: The east 121.99 feet of Lot 2, Block 4 R.C.Soens Addn.; and WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to acquire real property within its area of operation; and WHEREAS, the property meets requirements for acquisition; and WHEREAS, the purchase price is based on an appraisal; and WHEREAS, funds are available for acquisition. NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota. 1. The purchase price of 7608 Pillsbury Avenue is approved at $109,000. 2. Relocation benefits be made available according to State Statute. 3. That the Chairperson and Executive Director are authorized to execute a purchase agreement and other documents to effectuate purchase for 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 April, 1999. Thomas E. Harms, Chair ATTEST: Michael Sandahl, Secretary • 50 0 50 100 150 200-Feet 414-99 ~ ^~ HOUSING AND REDEVELOPMENT AUTHORITY HRA Letter No. 22 Agenda April 19,1999 Issue Statement: Authorization to issue Completion Certificates to Twin Cities Habitat for Humanity, Inc. for 6820 Portland Avenue and Thomas J. Maurer Construction, Inc. for 6820 Russell Avenue. Background: The HRA authorized development of the above referenced properties. The development agreements provide for the issuance of a Certificate of Completion when construction is completed. (A sample certificate is attached.) The homes have been completed. Escrows for finish landscaping and driveways will be retained as necessary for each site. The builders have requested the release of the Letters of Credit and the Completion Certificates upon completion and closing. Staff is anticipating these requests and wants to respond in a timely manner upon verification of completion. Recommended Motion: Authorize the Chair and Acting Executive Director to execute the Completion Certificates in accordance with the attached resolution. Basis of Recommendation: 1. Construction has been completed and the Inspections Division is prepared to issue the Certificates of Occupancy. 2. The builders have performed in accordance with construction agreements and will seek the issuance of Completion Certificates. Alternative Recommendation: Do not issue Certificates of Completion at this time. Discussion/Decision Mode: This matter will be presented at the April 19, 1999 HRA meeting. R ctfully submi ted, - /GbV` s~ij n . Devich Acting Executive Director SLD:ds • HRA RESOLUTION NO. RESOLUTION AUTHORIZING ISSUANCE OF CERTIFICATES OF COMPLETION FOR NEWLY CONSTRUCTED RESIDENTIAL PROPERTY AT 6820 PORTLAND AND 6820 RUSSELL AVENUES WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (HRA) entered into contracts with Twin Cities Habitat for Humanity, Inc. and Thomas J. Maurer Construction, Inc.; and WHEREAS, the new homes are located at 6820 Portland and 6820 Russell Avenues respectively; and WHEREAS, performance securities in the amount of $20,000 can be released to Twin Cities Habitat for Humanity, Inc. and $33,000 can be released to Thomas J. Maurer Construction, Inc. NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Richfield, 1. The Certificates of Completion for 6820 Portland and 6820 Russell Avenues can be issued. 2. The.performance securities can be released when the Completion Certificates are issued. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 19th day of April,1999. Thomas E. Harms, Chair ATTEST: Michael Sandahl, Secretary • CERTIFICATE OF COMPLETION The undersigned hereby certifies that (Builder) has fully and completely complied with its obligations under Article IV of that document entitled "Contract for Private Development", between the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota and (Builder) dated (Dated filed (Date) as Document No. (Number) with respect to construction of the Improvements at (Address) ,legally described as (Legal Description) , in accordance with the approved construction plans and is released and forever discharged from its obligations to construct under such above-referenced Article. Dated: THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD By Its Chairperson By Its Executive Director STATE OF MINNESOTA } SS COUNTY OF HENNEPIN ) The foregoing instrument was acknowledged before me this day of 19 , by and the Chairperson and Executive Director of the Housing and Redevelopment Authority in and for the City of Richfield, a public body corporate and politic under the laws of the State of Minnesota on behalf of the public body corporate and politic. Notary Public This instrument was drafted by: The Housing and Redevelopment Authority in and for the City of Richfield 6700 Portland Avenue South Richfield, MN 55423 • [H:CdAdmin:Housing:Form:Cert-Comj HOUSING AND REDEVELOPMENT AUTHORITY HRA Letter No. 21 Agenda April 19,1999 Issue Statement: Public hearing and authorization to sell 6512 Bloomington Avenue to John B. Mahoney Construction, Inc. Cancellation of the public hearing to sell 7520 Colfax Avenue. Background: 6512 Bloomington Avenue The HRA acquired the two properties under the Richfield Rediscovered Program. It is proposed that the HRA sell 6512 Bloomington Avenue to John B. Mahoney Construction, Inc. for development of a single family home. The home at 6512 Bloomington Avenue will have three bedrooms, an attached double garage and an end value of approximately $130,000. The house will also incorporate certain low-frequency sound insulation efforts, recently demonstrated in Maryland for pre-existing houses near the Baltimore airport. The efforts will include storm doors, sound board on the exterior walls and ceiling, insulation values higher than is standard, and insulation board on walls and ceiling. (Staff is not aware of any newly constructed homes, which have been built to deal with low-frequency noise.) The project would be conducted in accordance with a development agreement. S 7520 Colfax Avenue A buyer/builder team had been identified for the lot at 7520 Colfax Avenue. The buyers have completely withdrawn as of April 5. The public hearing notice had already gone to press. Recommended Motion: Following a public hearing, adopt the resolution authorizing the sale of 6512 Bloomington Avenue to John B. Mahoney Construction, Inc. Cancel the hearing to sell 7520 Colfax Avenue. Basis of Recommendation: 1. John B. Mahoney Construction, Inc. has recently completed a twin home project and is currently constructing anthree-unit townhome development in Richfield. The company has provided evidence of experience, capability and financial security. 2. The HRA acquired 6512 Bloomington Avenue for the Richfield Rediscovered Program. 3. The terms of the development agreement have been negotiated and are in conformance with program guidelines. 4. Notice of public hearing on sale of the properties was published on April 7, 1999 in the Sun-Current. Alternative Recommendation: Do not proceed with the development agreement, and direct staff to find another builder/buyer team. Discussion/Decision Mode: Closing would occur in late April or early May with construction starting soon afterwards. Respectfully submitted, ~~ ven L. Devich Acting Executive Director SLD:cak • • HRA RESOLUTION NO. RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT 6512 BLOOMINGTON AVENUE TO JOHN B. MAHONEY CONSTRUCTION, INC. 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 follows: Address 6512 Bloomington Avenue Legal Description Lot 4, Block 5, Nokomis Gardens Rearrangement of Blocks 1, 2, 3, 4, and 5 Girard Parkview Addition; 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 and a development agreement negotiated as follows: Performance Address Sale Price Securi Builder • 6512 Bloomington $27,000 $27,000 John B. Mahoney Avenue Construction, Inc.; 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: 1. A public hearing has been held and 6512 Bloomington Avenue is authorized to be sold for $27,000 to John B. Mahoney Construction, Inc. 2. The Chairperson and Acting Executive Director are authorized to execute a Contract for Private Development and other agreements necessary to effectuate the purchase. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 19th day of April, 1999. Thomas E. Harms, Chair ATTEST: Michael Sandahl, Secretary 3 HOUSING AND REDEVELOPMENT AUTHORITY +~ HRA Letter No. 20 Agenda April 19, 1999 Issue Statement: CSM's completion of the 120 day preconditions for the redevelopment of the Lyndale Gateway area in accordance with the Contract for Private Redevelopment. Background: On January 19, 1999, the HRA entered into a Contract for Private Redevelopment with CSM Properties, Inc. for the Lyndale Gateway area. This area includes Lyndale Avenue, as well as the east side of Aldrich Avenue and west side of Garfield Avenue, between 76th and 77th Streets. The contract specifies a number of preconditions to be fulfilled within 120 days of its execution. CSM has provided a site plan and letter (attached as Exhibit A) which addresses many of the preconditions. Among the preconditions which CSM has submitted as fully completed are: the concept plan; the location and nature of public improvements; the location of interior traffic circulation systems; the landscape plan; the schedule for beginning and completing construction, and; the mediation process for the purchase of property. The preconditions which are not fully addressed by CSM include: the tree protection strategy; the assessment of the environmental condition of the property; the number ..and average wages for new jobs to be created; the form of the Tax Increment Plan; the necessary amount of public assistance; and the strategy for dealing with homeowners on the east side of Garfield Avenue. Each of the preconditions has been reviewed, point by point, in a letter addressed to CSM Properties, Inc: (attached as Exhibit B). In particular, the letter indicates the manner in which each of the uncompleted preconditions are to be met. The concept plan that has been submitted differs from the original proposal in that retail uses have replaced the extended stay hotel on the west side of Lyndale Avenue. Recommended Motion: Adopt a motion which: Acknowledges the completion of the preconditions as submitted in Exhibit A, identified as items a, c, d, f, I and o of Article 11.5 in the Contract for Private Development; and 2. Accepts the manner for completion of the outstanding preconditions (items b, e, g, h, i, j, k, m and n of Article 11.5 of the contract) as indicated in Exhibit B. • Basis of Recommendation: 1. The HRA entered into a Contract for Private Redevelopment with CSM Properties, Inc. on January 19, 1999 for the redevelopment of the Lyndale Gateway Area. 2. The contract states that the "preconditions" should be fully addressed within 120 days of the execution of that contract. 3. CSM Properties, Inc. has fully addressed many of the preconditions in Exhibit A. 4. Exhibit B establishes a manner for addressing the uncompleted preconditions. Alternative Recommendation: Terminate the contract with CSM for non-compliance. Discussion/Decision Mode: Property owners and tenants in the. Lyndale Gateway area were sent an update on the status of the redevelopment project last week. The update stressed that it is still early in the process and that property may not be acquired for some time, therefore, discussions regarding. relocation may be premature. This update also served as a notice of tonight's meeting. Mr. Kornberg will be present to provide an update on CSM's redevelopment activities in the Lyndale Gateway area including a schedule for acquiring property and completing site clearance activities. Respe tfully submitted, Steven L. Devich Acting Executive Director SLD:cak • EXHIBIT A April 12, 1999 Mr. John Stark By Fax & First Class Mail City of Richfield 612.861.8974 6700 Portland Avenue South Richfield, Minnesota 55423 Re: Lyndale Gateway Status of Initial Preconditions to Acquisition Dear John: Enclosed herewith please find our Concept Plan for our proposed redevelopment at Lyndale Gateway. A summary of the development and its components are set forth below: West Side of Lyndale 1. Free standing drug store of approximately 15,120 square feet; • 2. Retail space of 30,880 square feet including a second story mezzanine of 4,000 square feet; 3. 14,500 square feet of office space on two stories contiguous to the retail space; and 4. 107 underground and 115 surface parking stalls. East Side of Lyndale 1. 145 unit, four story senior apartment building; 2. 35,000 square foot (rentable) office located within the apartment building; and 3. 133 underground and 119 surface parking stalls. We propose to have project elements platted separately. The Concept Plan contemplates two separate lots for the West Side of Lyndale, and two separate lots for the East Side of Lyndale. As shown on the enclosed Concept Plan, the improvement of Lyndale Avenue and the completion of the entry monuments and project streetscape would be public improvements, completed by the City. The Concept Plan contemplates the dedication of sufficient right of way • by the Developer to provide for two lanes on Lyndale in each direction plus a turning lane for . south bound Lyndale to east bound 77th Street. The Plan also contemplates the vacation of existing public rights of way at the alleys for Garfield and Aldrich to be vacated in connection with our land acquisition activity, but not prior to the time that we have provided sufficient evidence to the City that we are prepared to proceed with the development and construction of the project. Interior traffic for the development is handled through the parking lots with limited access from Lyndale Avenue and 77th Street (west side only). We will continue to work with staff, its traffic consultant, and other traffic experts to ensure that our proposed internal road system functions properly, and can coordinate with the traffic immediately adjacent to the development, and outside the project area. As indicated above, the Plan contemplates necessary widening to the Lyndale Avenue improvements. The enclosed Concept Plan shows our preliminary plan with regards to landscaping for the Project. As individual project elements are presented to the Planning Commission and City Council for PUD approval, more detailed landscaping plans will be submitted, in order to address concerns regarding screening, buffering, etc. It is our expectation that as each of the project elements is developed, the approved landscaping will be implemented as part of the construction. With our proposed redevelopment, and as indicated on the preliminary landscaping plan shown on the Concept Plan, we anticipate a substantial amount of landscaping along the perimeter of the development. We believe that this landscaping will be substantially in excess of the existing landscaping, particularly for the current commercial land uses. Because the scope of the redevelopment contemplates removal of all of the existing improvements located on site, it is unlikely that any of the existing vegetation (which is primarily located on existing residential uses) will be able to be saved, however we will make every reasonable effort to try and preserve mature landscaping, where possible. Tree preservation measures we will undertake during construction include clearly identifying tree preservation areas prior to any activity on site, fencing off of any tree preservation areas to prevent accidental construction damage, and attempt to implement creative site planning techniques, where possible to try and preserve existing mature vegetation. A schedule for the proposed commencement and completion dates for each of the project elements is set forth on Exhibit A attached hereto. Our expectation is that public improvements, including utilities, if any, will be constructed in conjunction with each of the project elements, so as to minimize the negative impact of the redevelopment on other areas of the City, and to ensure that access and utilities are available to each of the project elements as they are completed. We have not yet completed our environmental review of the property, and therefore are unable to provide any significant discussion regarding on site contamination or pollutants. It is our expectation that to the extent any such contamination is found, as between Developer and the I3RA, any remediation or mitigation of that contamination would not be the responsibility of the HRA. With respect to utilities currently located on the redevelopment property, it is our expectation that to the extent that these utilities are no longer required to service the new uses, that these would be abandoned in accordance with City standards. Relocation and/or the installation of new utilities would similarly be completed in accordance with City standards, and in such a manner as to minimize the impact of such relocation on the balance of the City's utility system. A final plan for utility abandonment, relocation, and reconstruction will be submitted to the City for its review and approval prior to the issuance of a grading permit for the Project. Utility improvements in Lyndale Avenue axe expected to be completed by the City. We are prepared to undertake a mediation program as required by the terms of our Contract for Redevelopment, in the form of the Mediation Program currently implemented for Interchange West. We are currently in the process of finalizing our But-For Analysis for the enclosed Concept Plan, and will have that Analysis complete prior to our request to the HRA (if necessary) to have it undertake condemnation proceedings, or prior to the commencement of construction, whichever comes first. Based on direction from the HRA, the Concept Plan does not contemplate the expansion of the project area east of Garfield Avenue. It is our understanding that unless unanimous consent from the homeowners east of Garfield is obtained, no such development will occur. Accordingly, it is our expectation that City staff will undertake the necessary survey to determine the desires of the • homeowners. Once such a survey has been completed, we will work with staff to resolve whatever issues may arise. Sincerely yours, Murray Kornberg Acquisitions & Financing Enclosures cc: Kristi Olson Gary Tushie U EXHIBIT A-1 Preliminary Commencement and Completion Schedule Project Elements Lyndale Gateway April 12, 1999 Element Commencement Date Completion Date WEST SIDE Drug Store September 1, 2000 December 31; 2001 Retail September 1, 2000 December 31, 2001 Office September 1, 2000 December 31, 2001 EAST SIDE Apartments June 1, 2000 December 31, 2001 Office June 1, 2000 • • EXHIBIT B Apri120, 1999 CSM Properties, Inc. Mr. Murray Kornberg, President 2575 University Avenue West, Suite 150 St. Paul, MN 55114-1024 Subject: Contract for Private Redevelopment; Lyndale Gateway/Preconditions Dear Mr. Kornberg: I am writing this letter to confirm the understanding of the parties with respect to the status of compliance with the conditions contained in Section 2.5.1 of the referenced agreement. In the text the specific condition is recited followed by the statement of status. (a) the Concept Plans, which will include agreement relative to the proposed subdivision of the Redevelopment Property and creation of the Elements of the Development; Your submittal dated April 12, 1999 (attached as Exhibit A) satisfies the requirements of this paragraph. (b) the location and nature of all public improvements to be constructed to serve . and benefit the Development, together with the timing and responsibility for their construction and the phase out of existing public improvements; The improvements of Lyndale Avenue will be a public improvement completed by the City. Other elements of the development include completion of entry monuments and project streetscape; the funding for which will be addressed prior to a request for the authorization of condemnation. Otherwise, the information contained in Exhibit A satisfies this paragraph. (c) the location, layout and design of any interior traffic circulation systems, including their interface with adjacent roadways, and the timing for construction of the same; The information contained In Exhibit A satisfies this paragraph. (d) the landscape plan and the timing for installation of the same; The information contained in Exhibit A satisfies this paragraph. Detail on the plan and timing will be required as part of the PUD Plan submittals for the development. (e) tree protection during construction (redeveloper to be responsible for the cost of a survey and protection plan); You have agreed to continue to work with the HRA staff and/or its consultants to formulate the specifics of the actions to be taken on site during construction to protect those trees which will be designated for protection in your landscape plan. The form of those actions is to be agreed to prior to the issuance of any grading or building permits. (f) a schedule for commencemen Element of the Development, Development; t and completion of construction of each and all public improvements to serve the The material contained in Exhibit A-1 satisfies this paragraph. (g) the condition of the Redevelopment Property with respect to environmental contamination and pollution; and the obligations and responsibilities of the parties with respect to remediation, if any; You will continue to determine the condition of the Redevelopment Property, and will have done so prior to any authorization of condemnation. The cost of any remediation as well as the cost of any studies will not be borne by the HRA. (h) the nature, location and cost of removal or relocation of any utilities currently located on the redevelopment Property which are required to be removed or relocated due to construction of the minimum improvements and the allocation and financing of the cost of such activities; and Based on the information supplied in Exhibit A, the HRA concludes that you have presented an acceptable mechanism to resolve this matter. The final resolution will be agreed to prior to the issuance of any grading or building permits, and that the cost of any relocations will be borne by the Redeveloper. (i) the conditions for the release of redeveloper following the assignment of an Element described in Section 9.4(b). Release will be granted on any Element upon the delivery to the HRA of a letter of credit in an amount equal to the remaining unfunded potential liability of the HRA for all of its obligations under the Agreement multiplied by the percentage of development-wide tax increment coming from such Element. (j) to the extent required by law, the number of new jobs and the average wages for the new jobs created by the Development. Agreement on this matter is to be reached prior to the authorization of condemnation by the HRA. (k) the form of the Tax Increment Plan, which plan, following agreement as to form, shall have been considered and adopted by the City. Agreement on this matter is to be reached prior to the authorization of condemnation by the HRA. (1) the program of mediation of matters described in Section 3.2(b). The material contained in Exhibit A satisfies this paragraph. (m) the level of public assistance which is necessary in order to facilitate the development contemplated in the Concept Plan (The "But For" Analysis). Agreement on this matter is to be reached prior to the authorization of condemnation by the HRA. (n) the means and responsibility for addressing requests from property owners of land on the east side of Garfield Avenue. Agreement on this matter is to be reached prior to a request for the authorization of condemnation. (o) how the design of the project will accommodate the anticipated future widening of Lyndale Avenue; and the method for calculating the payment to the redeveloper for the subsequent acquisition of right-of--way for that project. The material supplied in Exhibit A satisfies this paragraph. Except as stated above, all of the preconditions contained in Section 2.5.1 of the Agreement have been satisfied, and with respect to those which have not been fully satisfied, such preconditions are to be satisfied within the time periods stated herein. Please advise if you have any concerns or additions to the terms of this letter. If not, would you please provide me with a written confirmation of agreement. Respectfully yours, Steven L. Devich Acting Executive Director SLD:js Attachment s • • • s v R 1~ IIIJIIJII ~ I I ~ I ~ ~ ~ : _~ e >~ -: o ~ a y c~ ~n 'L y ~ ~ s ~ .a.. ~ ~: N O O Wy a `~ ~ ~. O ~ ~ et. "! ~~ ~~ ~ ~. ~. BRl'ANT AVE I.IGRRIFT D\/F .__ ~ _~ r ~ L ~ _ ' ~l = 0 ...y i 1 1 I I I I ~` 1 I I I I I I I I I 1 I _ I I I I i I I I I I x I I I ~. i~ HOUSING AND REDEVELOPMENT AUTHORITY • HRA Letter No. i9 Agenda April 19, 1999 Issue Statement: Consideration of the extension of the agreement with Ryan Companies US, Inc. for the Penn Avenue and Sixty-Sixth Street (PASSS) area. Background: The Penn and Sixty-Sixth Street area has been an area where redevelopment was proposed ten years ago. However, there was no interest by a developer in this area before Ryan offered to explore redevelopment feasibility. On May 26, 1998, the Ryan Companies US, Inc., the City of Richfield, and the Richfield Housing and Redevelopment Authority agreed to cooperate in a study of the PASSS area to determine redevelopment feasibility and prepare redevelopment plan options. The term of the agreement was for one year. That agreement will expire on May 26, 1999 unless an extension is granted. The consideration is granting an extension until December 30, 1999. Ryan has been pursuing their responsibilities in the agreement. The need for the extension is because the planning process has progressed more slowly than anticipated a year ago simply because this is a complex area in which to pursue redevelopment. • Items such as identifying potential uses and the appropriate location for them, as well as which buildings would be removed and which would be retained, have to be considered. Three meetings with the Planning Commission Community Advisory Team have been held. Ryan is using the input of the team to identify redevelopment options. It is expected that they will release these options in June or July. It will take the late summer and fall for the community, Planning Commission, HRA, and City Council to review the plans. Therefore, an extension is warranted and should be granted. Recommended Motion: Extend the agreement with Ryan Companies US, Inc. to December 30, 1999 and request the City Council to concur in that extension. Basis of Recommendation: 1. Ryan is making progress exploring the feasibility of redevelopment and preparing redevelopment options for the PASSS area. 2. The complexities require additional attention and time before a final concept can be formulated. Alternative Recommendation: 1. Do not extend the agreement with Ryan. 2. Extend the agreement with Ryan for a shorter period. Discussion/Decision Mode: • If the planning process is discontinued, the progress made to this point could be lost. By continuing the agreement, Ryan will continue to work with the staff, Planning Commission Community Advisory Team, Planning Commission, HRA, and City Council to determine redevelopment feasibility in the study area. Res ectfully submitted, tev n L. Devich Acting Executive Director SLD:cak U n LJ ~, AGREEMENT THIS AGREEMENT is made and entered into this 26TH day of /'~~ Y , 1998, by and between the City of Richfield, Minnesota, a Minnesota municipal corporation ("City") and the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota a Minnesota public body corporate and politic ("HRA") (City and HRA hereinafter collectively referred to as "First Parties") and Ryan Companies US, Inc., a Minnesota corporation (hereinafter."Ryan"). RECITALS First: Ryan is interested in pursuing the redevelopment of that certain area identified on Appendix A (hereinafter the_"Redevelopment Area"); Second: Ryan is proposing redevelopment within the Redevelopment Area which may include office, restaurant, limited retail, office showroom and residential uses (hereinafter the "Redevelopment°)' Third: The First Parties wish to cooperate with Ryan's efforts with Redevelopment and are willing to proceed as described in this Agreement; Fourth: -The parties acknowledge that Ryan will expend substantial time and effort, and incur substantial expense in pursuing the Redevelopment; • Fifth: Ryan is willing to undertake the above described activities with the reasonable assurance from the First Parties that they will support and cooperate -with Ryan in its Redevelopment efforts. Sixth: The First Parties and Ryan have executed this Agreement to document their understanding with respect to the proposed Redevelopment. AGREEMENT NOW THEREFORE, in consideration of the premises and mutual obligation of the parties contained herein, each of them does hereby represent, covenant and agree with the other as follows: 1. Statement of Intent. It is the intention of the parties that Ryan will proceed with the development activities necessary to permit Redevelopment in a manner, and on terms and conditions, which are mutually acceptable to Ryan and the First Parties. The parties acknowledge that in order for Redevelopment to be constructed, Ryan may at some point need financial and/or site assembly assistance from the First Parties. This Agreement i does not, however, constitute either approval of such financial or site assembly assistance, nor does it obligate the First Parties to provide such assistance. 2. Undertaking by Ryan. Ryan intends to undertake and pursue certain activities with respect to the Redevelopment. generally as outlined in the attached site analysis study schedule. Ryan's activities will include the following: site .planning feasibility, development of plans for the Redevelopment, application for necessary government approvals, and such other activities as would be customary and necessary to permit the Redevelopment. 3. First Parties' Undertaking and Agreement. The First Parties agree to cooperate with Ryan in Ryan's undertakings, and specifically agree that during the term of this Agreement the First Parties will not (i) provide or enter into an agreement for provision of financial assistance to any third party in connection with any proposed development within the Redevelopment Area, or {ii) except as may be necessary in connection with the provision of public improvements, condemn or agree to proceed with the condemnation of any property within the Redevelopment Area to assist or facilitate development within such area by any third party. 4. Term. The term of this Agreement shall be for a period of one (1) year, provided that, either party may terminate this Agreement as to all or any portion of the Redevelopment Area upon thirty (30) days written notice to the other, in the event that: (a) the City determines, in good faith, that Ryan is not diligently pursuing the Redevelopment with respect to the portions terminated, or (b) -Ryan determines, in good faith, that the Redevelopment is not feasible with respect to the portions terminated. First Parties may also terminate the Agreement for failure of Ryan to meet its obligations under paragraphs 5D or 5E. Ryan will provide the First Parties with written reports at least quarterly regarding the status of its activities hereunder. Any such notice shall be deemed delivered if either actually delivered, or if faxed and mailed to the parties at the following addressees: Ryan Companies US, Inc. Attn: Kent Carlson 700 International Centre 900 Second Avenue South Minneapolis, MN 55402-3387 Phone: (612) 336-1200 Fax: (612) 337-5552 2 City of,Richfield 6700 Portland Avenue South Richfield, MN 55423 Attn: City Manager Phone: (612) 861-9760 Fax: (612) 8618974 Richfield Housing and Redevelopment Authority 6700 Portland Avenue South Richfield, MN 55423 Attn: Executive Director Phone: (612) 861-9760 Fax: (612) 8618974 5. Miscellaneous. A. This Agreement constitutes the entire agreement between the .parties relative to the proposed Redevelopment. Unless spec~cally described herein, no obligation shall be inferred or construed. B. As expansion of the foregoing, Ryan understands that further and separate action, for which no obligation is created hereunder, will be required before the First Parties are obligated to take various actions with respect to the Redevelopment. Those actions may include, without limitation: a) establishment of Project Area and Tax Increment District; b) agreement to provide tax increment or other financial assistance to the Redevelopment; c) zoning and subdivision approvals; d) acquisition of land within the Redevelopment Area by either voluntary purchase or condemnation (or both); and e) .construction of public improvements to serve the Redevelopment. C. Ryan further understands that many of the actions which the First Parties may be called upon to take require the reasonable discretion and in some instances the legislative judgment of the First Parties, such actions may be made only following established procedures; and First Parties may not, by agreement, agree in advance to any specific decision in such matters. D. Ryan hereby indemnifies, holds harmless and agrees to defend, the First Parties, their officers agents and employees from any 3 . i claim or cause of action of whatever nature occasioned by or arising out of this Agreement or the first Parties performance thereunder. • E. Ryan agrees that it will pay all reasonable costs and expenses incurred by the First Parties relating to the preparation of this Agreement and all actions taken by the First Parties in furtherance of their obligations hereunder. Such payment shall be made to ,First Parties not later than 30 days following each request for payment accompanied with detail necessary to support such request. IN WITNESS WHEREOF, the parties have executed this Agreement effective the date and year first above written. CITY OF RICHFIELD- ~ - -- By: ey: • RICHFIEL USING AND REDEVELOPMENT AUTHORITY By: Its: By: RYA ay: IH:CdAdmin:HRALTR:Att Ryan] 4 ~~ Its: ~G ~[/,~ G it ~1 I/ ~ ~ i v' L C~v' APPENDIX A PASSS AREA BOUNDARY ~~~ ~. I~L1 ~~ N 200 0 200 400 600 800 1000 Feet 414.89