04-20-98 agenda• CITY OF RICHFIELD
MONDAY, APRIL 20, 1998
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 MARCH 16, 1998
1. OPPORTUNITY FOR CITIZENS TO ADDRESS THE HRA ON ITEMS NOT ON
THE AGENDA
2. PUBLIC HEARING AND CONSIDERATION OF RESOLUTION AUTHORIZING
SALE OF 6921-12TH AVENUE TO KEY LAND HOMES AND 6320-15TH
AVENUE TO AFFORDABLE SUBURBAN HOUSING, INC. FOR SINGLE FAMILY
HOME DEVELOPMENT
0 HRA LETTER NO. 21
3. PRESENTATION OF ANNUAL STATUS REPORT ON TAX INCREMENT
DISTRICTS
HRA LETTER NO. 22
4. CONSIDERATION OF REDEVELOPMENT CONCEPTS FOR SOUTHWEST
QUADRANT OF 66TH STREET AND LYNDALE AVENUE
HRA LETTER NO. 23
5. CONSIDERATION OF EARLY VOLUNTARY PURCHASE PROGRAM FOR
HOMEOWNERS IN AREA NORTH OF 66TH STREET ON EMERSON AVENUE
AND SOUTH OF 66TH STREET TO 67TH STREET BETWEEN GRAND AND
PLEASANT AVENUES -- RICHFIELD LAKE PROJECT AREA (RLAP)
HRA LETTER NO. 24
6. CONSIDERATION OF DEVELOPMENT PROPOSALS FOR 6901 BLOCK OF
PENN AVENUE
HRA LETTER N0.25
7. CONSIDERATION OF RESOLUTION AUTHORIZING PURCHASE OF 6805
IRVING AVENUE, 7432 ALDRICH AVENUE AND 6915-13TH AVENUE UNDER
RICHFIELD REDISCOVERED PROGRAM
HRA LETTER NO. 26
8. CONSIDERATION OF RESOLUTION AUTHORIZING ISSUANCE OF
COMPLETION CERTIFICATES TO STEVEN MARLIN GRANT HOMES, INC.
FOR 6633 WASHBURN AVENUE AND AFFORDABLE SUBURBAN HOUSING,
INC. FOR 6415-14TH AVENUE
HRA LETTER NO. 27
9. CONSIDERATION OF RELEASE OF DECLARATION OF EASEMENTS AND
RELATED COVENANTS (FORMER CLOVERLEAF SITE)
HRA LETTER NO. 28
10. EXECUTIVE DIRECTOR REPORT
11. 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 861-9702.
0
i HOUSING AND REDEVELOPMENT AUTHORITY
HRA Letter No. 28
Agenda April 20, 1998
Issue Statement:
Approval of Release of Declaration of Easements and Related Covenants (former
Cloverleaf site).
Background:
In 1992, the Housing and Redevelopment Authority (HRA) acquired the former
Cloverleaf site from the Resolution Trust Corporation, previously owned by Louise E.
Lyons. In the ownership transfer, a "Declaration of Easements and Related Covenants
and Revocation of Prior Agreements," dated May 13, 1982 (Declaration), was assumed
by the HRA. In general, the Declaration created and established a non-exclusive
roadway (i.e. private road on a portion of Girard Avenue) and utility easement over the
Cloverleaf site.
During the HRA's ownership of the Cloverleaf site, easements were granted to the City
which dedicated a part of Girard Avenue as a public street. The rest of the public street
dedication was undertaken during the platting of the Cloverleaf Addition. In order to
clear title matters created by the original Declaration, the HRA found it necessary to
undertake the release and termination of the Declaration.
The Release of Declaration of Easements and Related Covenants (Release of
Declaration) is being presented to all property owners whose land is affected by the
Declaration. The Release of Declaration releases the parties from the obligations,
covenants, and restrictions imposed by the Declaration and terminates the Declaration.
The HRA is being asked to approve the Release of Declaration because it owns Outlot
A of the Cloverleaf Addition, which was created at approximately the northwest corner
of the Cloverleaf site, specifically at 76th Street and Girard Avenue, due to the
replatting of the site.
Recommended Motion:
Approve the attached Release of Declaration of Easements and Related Covenants.
Basis of Recommendation:
1. The Declaration of Easements and Related Covenants and Revocation of Prior
Agreements, dated May 13, 1982, was a land restriction placed on the Cloverleaf
site by the former owner, Louise E. Lyons.
2. The HRA assumed the Declaration upon the purchase of the Cloverleaf site.
• 3. Girard Avenue is now a dedicated public street rather than a private road as
represented in the Declaration.
4. Clearing title matters created by the original Declaration is necessary as this issue
continues to cloud the title of affected property owners.
5. The HRH's attorney has reviewed the matter and prepared the Release of
Declaration.
6. The HRA is an affected property owner as it owns Outlot A in the Cloverleaf
Addition.
7. The Release of Declaration is being presented to all current property owners
affected by the Declaration for similar approval.
Alternative Recommendation:
There are no alternative recommendations as this is a title matter for which all parties
must agree to in order to effectuate the Release of the Declaration.
Discussion/Decision Mode:
The Release of Declaration will be recorded at Hennepin County Property Records and
be made public record once all parties agree to and sign the document.
Respectfully submitted,
Jam D. Prosser
Executive Director
JDP:ds
F-I
L-J
•
Box 198
Kennedy & Graven, Chartered Abstract
RELEASE OF DECLARATION OF EASEMENTS
AND RELATED COVENANTS
THIS INSTRUMENT is made as of this day of , 1998, by and among
MERIDIAN CROSSINGS LLC, a Minnesota limited liability company ("Meridian I"),
MERIDIAN CROSSINGS II LLC, a Minnesota limited liability company ("Meridian II"),
HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICH-
FIELD, a public body corporate and politic under the laws of Minnesota ("HRA"), CITY OF
RICHFIELD, a Minnesota municipal corporation ("City"), EMERSON CONGREGATIONAL
UNITED CHURCH OF CHRIST, a Minnesota religious corporation ("Emerson"), and
MINNESOTA SCHOOL OF BUSINESS, INC., a Minnesota corporation ("MSB").
Recitals
A. Meridian I is the fee owner of certain land in Hennepin County, Minnesota, legally
described on the attached Exhibit A (the "Meridian I Property").
B. Meridian II is the fee owner of certain land in Hennepin County, Minnesota, legally
described on the attached Exhibit B (the "Meridian II Property").
C. HRA is the fee owner of certain land in Hennepin County, Minnesota, legally described
on the attached Exhibit C (the "HRA Property").
D. City is the fee owner of certain land in Hennepin County, Minnesota, legally described
on the attached Exhibit D (the "City Property").
E. Emerson is the fee owner of certain land in Hennepin County, Minnesota, legally
described on the attached Exhibit E (the "Emerson Property").
• F. Meridian I, Meridian II, HRA, City and Emerson, as owners of the Meridian I, Meridian
II, HRA, City and Emerson Properties, respectively, are successors in interest to Louise E. Lyons
under that certain Declaration of Easements and Related Covenants and Revocation of Prior
CAH119209 1
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Agreements dated May 13, 1982 and filed May 13, 1982 in the Office of Hennepin County
Recorder as Document No. 4716372 (the "Declaration").
G. MSB is the fee owner of certain land in Hennepin County, Minnesota, legally described
on the attached Exhibit F (the "MSB Property").
H. MSB, as owner of the MSB Property, is the successor in interest to J. E. Erickson & Sons
under the Declaration.
I. The Declaration created and established a non-exclusive roadway and utility easement over
portions of the Meridian II, HRA, Emerson, and MSB Properties, together with other easements
and covenants.
J. Paragraph 7 of the Declaration provides that the Declaration shall become null and void
and shall be terminated upon the dedication to the public of a roadway as provided in
Subparagraph 4a of the Declaration.
K. By instrument dated March 26, 1993 and filed April 7, 1993 in the Office of the Hennepin
County Recorder as Document No. 6061469, the parties or their predecessors in title dedicated
to the public the roadway contemplated by Subparagraph 4a of the Declaration.
L. A portion of the roadway contemplated by Subparagraph 4a of the Declaration has also
been dedicated to the public as Girard Avenue South in the plat of CLOVERLEAF ADDITION,
filed July 31, 1996 in the Office of the Hennepin County Recorder as Document No. 6614137.
Agreement
In consideration of the foregoing recitals, the parties mutually agree as follows:
1. Each of the parties releases the other parties, their successors and assigns, from the obliga-
tions, covenants, and restrictions imposed by the Declaration.
2. The parties hereby terminate the Declaration and all easements, covenants, and restrictions
created by the Declaration.
IN WITNESS WHEREOF, the undersigned have executed this instrument as of the day and year
first written above.
C
CAH119209 2
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r
STATE OF MINNESOTA )
) SS.
COUNTY OF HENNEPIN )
E
•
MERIDIAN CROSSINGS LLC
By
Its Manager
The foregoing instrument was acknowledged before me this day of ,
1998 by Bryant J. Wangard, the manager of Meridian Crossings LLC, a Minnesota limited
liability company, on behalf of the company.
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Notary Public
3
0
•
•
STATE OF MINNESOTA )
) SS.
COUNTY OF HENNEPIN )
MERIDIAN CROSSINGS II LLC
By
Its Manager
The foregoing instrument was acknowledged before me this day of ,
1998 by Bryant J. Wangard, the manager of Meridian Crossings II LLC, a Minnesota limited
liability company, on behalf of the company.
CAH119209
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Notary Public
4
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
, 1998 by Thomas E. Harms, the chairperson of the Housing and Redevelop-
ment Authority in and for the City of Richfield, a public body corporate and politic under the
laws of Minnesota, on behalf of the corporation.
STATE OF MINNESOTA )
) SS.
COUNTY OF HENNEPIN )
Notary Public
The foregoing instrument was acknowledged before me this day of
1998 by James D. Prosser, the 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 Minnesota, on behalf of the corporation.
0
Notary Public
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RC125-66
•
STATE OF MINNESOTA )
) SS.
COUNTY OF HENNEPIN )
CITY OF RICHFIELD
By
Its Mayor
By
Its City Manager
The foregoing instrument was acknowledged before me this day of
1998 by Martin J. Kirsch, the mayor of the City of Richfield, a Minnesota
municipal corporation, on behalf of the corporation.
Notary Public
STATE OF MINNESOTA )
) SS.
COUNTY OF HENNEPIN )
0
The foregoing instrument was acknowledged before me this day of
, 1998 by James D. Prosser, the city manager of the City of Richfield, a
Minnesota municipal corporation, on behalf of the corporation.
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Notary Public
6
•
MINNESOTA SCHOOL OF BUSINESS, INC.
By_
Its
By_
Its
STATE OF MINNESOTA )
) SS.
COUNTY OF )
The foregoing instrument was acknowledged before me this day of
1997 by and
the and , respectively,
of Minnesota School of Business, Inc., a Minnesota corporation, on behalf of the corporation.
Notary Public
THIS INSTRUMENT DRAFTED BY:
KENNEDY & GRAVEN, CHARTERED
470 Pillsbury Center
Minneapolis, MN 55402
(612) 337-9300
•
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•
•
•
EMERSON CONGREGATIONAL
UNITED CHURCH OF CHRIST
By
Its Moderator
STATE OF MINNESOTA )
) SS.
COUNTY OF HENNEPIN ) -_
The foregoing instrument was acknowledged before me this day of
, 1998 by , the moderator of Emerson Congrega-
tional United Church of Christ, a Minnesota religious corporation, on behalf of the corporation.
CAH119209
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Notary Public
8
•
EXHIBIT A
(Description of Meridian I Property)
E
•
Lot 3, Block 3, CLOVERLEAF ADDITION, Hennepin County, Minnesota
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A-1
•
EXHIBIT B
(Description of Meridian II Property)
•
•
Lot 2, Block 3, CLOVERLEAF ADDITION, Hennepin County, Minnesota
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B-1
•
EXHIBIT C
(Description of HRA Property)
•
11
Outlot A, CLOVERLEAF ADDITION, Hennepin County, Minnesota
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B-2
0 EXHIBIT D
(Description of City Property)
Those portions of Outlot B, CLOVERLEAF ADDITION, Hennepin County, Minnesota and of
West 77th Street as dedicated in the plat of CLOVERLEAF ADDITION, formerly described as:
PARCEL I
That part of the West 2/5 of the East 5/8 of the North Half of the Southwest Quarter of the
Southeast Quarter of Section 33, Township 28, Range 24, Hennepin County, Minnesota, which
lies northeasterly of the following described Line A:
Commencing at the northeast corner of said West 2/5 of the East 5/8; thence South 00
degrees 08 minutes 11 seconds West, grid bearing, Hennepin County Coordinate System,
along the east line of said West 2/5 of the East 5/8 a distance of 290.63 feet to the point
of beginning of Line A to be described; thence North 34 degrees 03 minutes 06 seconds
West 15.50 feet; thence northwesterly along a tangential curve, concave to the southwest,
having a radius of 511.33 feet to a point on the southeasterly line of the right of way of
Interstae Highway 35W, according to Hennepin County Recorder Document No. 3772729
and said Line A there terminating.
•
PARCEL 2
That part of the East Half of the West Half of the Northeast Quarter of the Southwest Quarter
of the Southeast Quarter lying southerly of the northerly 315.00 feet of Section 33, Township 28,
Range 24, Hennepin County, Minnesota and lying northwesterly of the following described Line
A:
Commencing at the northwest corner of said East Half of the West Half of the Northeast
Quarter of the Southwest Quarter of the Southeast Quarter; thence South 00 degrees 08
minutes 11 seconds West, grid bearing, Hennepin County Coordinate System, a distance
of 290.63 feet; thence South 34 degrees 03 minutes 06 seconds East 33.02 feet to the
point of beginning of Line A to be described; thence continuing South 34 degrees 03
minutes 06 seconds East 122.28 feet; thence southeasterly along a tangential curve,
concave to the northeast, having a radius of 640.33 feet to a point on a line 30.00 feet
westerly of the east line of said East Half of the West Half, also known as the west line
of Emerson Avenue and said Line A there terminating.
•
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EXHIBIT E
(Description of Emerson Property)
•
•
Lot 1, Block 3, CLOVERLEAF ADDITION, Hennepin County, Minnesota
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D-1
EXHIBIT F
(Description of MSB Property)
Lot 1, Block 1, BOURBON AND BASIN FIRST ADDITION, according to the plat thereof on
file and of record in the office of the County Recorder, Hennepin County, Minnesota
and also
Those portions of the three following described tracts of land not included within Lot 1 described
above:
Parcel I: West 1/2 of Southwest 1/4 of Southwest 1/4 of Southeast 1/4 of
Section 33, Township 28 North, Range 24 West of the 4th
Principal Meridian.
Parcel II: The West 1/2 of the Northwest 1/4 of the Southwest 1/4 of the
Southeat 1/4 of Section 33, Township 28, Range 24
Parcel III: The East 31 feet of the West 1/2 of the Northwest 1/4 of the
Southeast 1/4 of the Southwest 1/4 and lying Southerly of a line
run parallel with and distant 105 feet Southerly of the centerline of
West 76th Street, and Northerly of a line run parallel with and
distant 135 feet Southerly of the centerline of West 76th Street, all
in Section 33, Township 28, Range 24, Hennepin County, Minneso-
ta
All according to the United States Government Survey thereof and situated in Hennepin
County, Minnesota
•
CAH119209
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HOUSING AND REDEVELOPMENT AUTHORITY
HRA Letter No. 27
Agenda April 20, 1998
Issue Statement:
Authorization to issue Completion Certificates to Steven Marlin Grant Homes, Inc. for
6633 Washburn Avenue and to Affordable Suburban Housing, Inc. for 6415-14th
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. A landscaping escrow will be retained for 6415-14th Avenue to be released
upon completion later in the spring. The builders have requested the release of the
Letters of Credit and the Completion Certificates upon completion and closing. Staff is
anticipating this request and wants to respond in a timely manner upon verification of
completion.
Recommended Motion:
Authorize the Chair and Executive Director to execute Completion Certificates in
accordance with the attached resolution.
• Basis of Recommendation:
1. Construction has been completed and Certificates of Occupancy have been issued
by the Inspections Division.
2. The builders have performed in accordance with construction agreements and will
seek the issuance of Completion Certificates and the release of performance
security in the following amounts:
Builder Prope!jy
Steven Marlin Grant 6633 Washburn
Avenue
Affordable Suburban Housing Inc. 6415-14th Avenue
Alternative Recommendation:
Do not issue Certificates of Completion at this time.
Discussion/Decision Mode:
This matter will be presented at the April 20, 1998 HRA meeting.
Respec Ily submitted,
is Jam s . Prosser
Exec ' e Director
Performance Security
$30,000
$26,000
JDP:ds
0 HRA RESOLUTION NO.
RESOLUTION AUTHORIZING ISSUANCE OF COMPLETION CERTIFICATES
FOR RICHFIELD REDISCOVERED PROPERTY
AT 6633 WASHBURN AND 6415-14TH AVENUES
WHEREAS, the Richfield Housing and Redevelopment Authority in and for the
City of Richfield, Minnesota (HRA) entered into contracts with Steven Marlin Grant
Homes, Inc. and Affordable Suburban Housing, Inc. for the construction of single family
homes; and
WHEREAS, the new home locations are as follows: 6633 Washburn Avenue
and 6415-14th Avenue; and
WHEREAS, performance security in the following amounts can be released to
the respective builders:
6633 Washburn Avenue (Steven Marlin Grant Homes, Inc.) $30,000
6415-14th Avenue (Affordable Suburban Housing, Inc.) $26,000
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority in and for the City of Richfield,
1. The Completion Certificates for 6633 Washburn and 6415-14th Avenues can be
issued.
2. The performance security can be released for all properties when the Completion
Certificates are issued.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 20th day of April, 1998.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary
I-]
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
(Date) , 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
0 By
Its Executive Director
STATE OF MINNESOTA )
) SS
COUNTY OF HENNEPIN )
The foregoing instrument was acknowledged before me this
, 19 , by
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
day of
and
• HOUSING AND REDEVELOPMENT AUTHORITY
HRA Letter No. 26
Agenda April 20, 1998
Issue Statement:
Adoption of a resolution authorizing the purchase of 6805 Irving Avenue, 7432 Aldrich
Avenue and 6915-13th Avenue under the Richfield Rediscovered Program.
Background:
Three properties have been identified for purchase under the Richfield Rediscovered
Program. The property at 6805 Irving Avenue consists of a 594 square foot house and
a single car detached garage. The layout and structural construction of the house do
not allow for extensive remodeling nor an addition. The property is valued at $74,000,
partially due to the desirable lot size and location.
The property at 7432 Aldrich Avenue is also extremely small at 552 square feet. The
owner has found that it is too small for even their two member household. A functional
addition would need to be nearly the size of the existing house and would be
structurally unwise. It is valued at $69,000.
The property at 6915-13th Avenue is an 808 square foot house with detached garage.
The garage has rotted wood and is structurally unsound, requiring replacement. The
house's basement is partial, with limited head room and some water problems. The
foundation's strength and ability to support future remodeling are questionable. The
house roof requires replacement. Access to one of the bedrooms is through another
bedroom. Newer windows, a concrete patio and privacy fence add to the property's
$73,000 value.
Recommended Motion:
Adopt the resolution authorizing:
1. The purchase of the properties at 6805 Irving Avenue for $74,000; 7432 Aldrich
Avenue for $69,000; and 6915-13th Avenue for $73,000.
2. The Executive Director and HRA Chairperson to execute Purchase Agreements and
other documents to effectuate the purchases.
Basis of Recommendation:
1. The properties meet program requirements for acquisition.
2. Funding for Richfield Rediscovered acquisitions is available.
3. The owners have voluntarily indicated an interest in selling their properties to the
HRA.
0 4. Purchase has been negotiated based on the appraised values.
Alternative Recommendation:
Do not authorize acquisition.
Discussion/Decision Mode:
Agreements to purchase are ready to be prepared in final form.
Respectfu submitted,
JamI'e rosse r
Execirector
JDP:ds
0
0
HRA RESOLUTION NO.
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 6805 IRVING AVENUE, 7432 ALDRICH AVENUE AND 6915-13TH
AVENUE
FOR THE RICHFIELD REDISCOVERED PROGRAM
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 Rediscovered Redevelopment Project (Project) heretofore
adopted by the City of Richfield (City) and the HRA, said real properties being
described as follows:
6805 Irving Avenue: Lot 9, Block 2, Tingdale Bros. Lincoln Hills Addition
7432 Aldrich Avenue: Lot 9, Block 11, Irwin Shores Addition
6915-13th Avenue: Lot 7, Block 2, Richlands Addition; and
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation; and
WHEREAS, the properties meet all program requirements for acquisition; and
WHEREAS, the HRA has caused appraisals of the subject properties to be
made by a qualified, independent professional real estate appraiser and has negotiated
purchase prices with the owners based on stated values; and
WHEREAS, funds have been provided by the HRA and are available for
acquisition.
NOW, THEREFORE, BE IT RESOLVED, by the Richfield Housing and
Redevelopment Authority:
1. The purchase prices are approved as follows:
Address Purchase Price
6805 Irving Avenue $74,000
7432 Aldrich Avenue $69,000
6915-13th Avenue $73,000
2. That the Chairperson and Executive Director are authorized to execute a Purchase
Agreement and other documents to effectuate purchases for the amounts set forth
in this resolution.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 20th day of April, 1998.
ATTEST: Thomas E. Harms, Chair
Michael Sandahl, Secretary
HOUSING AND REDEVELOPMENT AUTHORITY
HRA Letter No. 25
Agenda April 20, 1998
Issue Statement:
Consideration of development proposals for the 6901 block of Penn Avenue.
Background:
In 1997 the City began to purchase, on a voluntary basis, homes along the 6901 block
of Penn Avenue. The homes had experienced ongoing, seasonal flooding problems.
Of the seven impacted homes, five have now been acquired. Recently, the City
Council authorized staff to use condemnation if necessary to purchase these two
properties.
Once the property has been cleared, a storm water retention pond will be constructed
on the site. Preliminary estimates indicate that the pond will not consume the entire site
and that some areas will be left over for redevelopment. The Comprehensive Plan
envisions townhomes in this area. The remaining land might support eight to twelve
townhomes depending on unit style and design.
On April 7 staff hosted an open house for neighbors to review the pond concept and
comment on potential development. Eighty-three notices were mailed to adjacent
property owners; ten households were represented. Some of the comments from those
attending included:
• The common, rear lot line is an ongoing concern because of unkempt vegetation.
This must be addressed.
• Likes the idea of town homes to block view of Penn Avenue but doesn't want to look
at water. Rear lot line needs good landscaping.
• Likes town homes as a barrier to noise and view of Penn Avenue, but is concerned
about child safety and the pond.
• Would rather see single family detached homes.
Staff recently met with several townhome builders and invited them to submit concept
proposals for the Penn Avenue property. Two proposals were received. A brief
description of each proposal is attached along with a summary of each proposal.
Recommended Motion:
Discuss the proposals and provide staff with evaluative comments which will then be
used by staff in discussions with the developers.
Basis of Recommendation:
1. The City has acquired the first five properties and will, either through negotiation or
condemnation, acquire the remaining two properties.
0 2. There will be residual land available after the pond is built.
3. Replacement townhomes are appropriate at this location.
Alternative Recommendation:
Seek other proposals.
Discussion/Decision Mode:
Comments form the HRA and City Council will be reviewed with the developers.
Eventually the proposals will be presented to the neighborhood. Subsequently the HRA
and City Council will be requested to select a developer. It is staff's opinion that both of
these proposals would need further refinement before being presented to the
neighborhood.
Respectfu submitted,
James Prosser
Executa Director
JDP:ds
46
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Development Proposals
for
6901 Block of Penn Avenue
Developer Richfield State Agency Alan Chazin Homes
Number of Units 12 8
Size One Story: 1100 square feet
Two Story: 2000 square feet 1600 square feet
Stories Mix of one and two Two
Number of Bedrooms One Story: 1-2
Two Story: 1-3 2-3
Garage Spaces One per unit (12) Two per unit (16)
Surface Spaces 1/2 per unit (6) 1 per unit (8)
Unit Price One Story: $100,000
Two Story: $140,000 $175,000
Offering price for land To be determined $80,000
46
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1666
HRA & City of Richfield
1. CONCEPT
Definition: Atelier: a studio, workshop.
Core Concepts for the Project:
To provide a unique suburban housing type, `loft living in the suburbs'.
Provide Richfield with an alternative housing type to complement
existing and proposed developments.
Intended market professional singles and couples whose life style
includes, either primary or secondary, need for large open space;
without the need to radically remodel an existing structure.
Users: craftspeople, book artists, artists, photography-studio, jewelry
artist, poet, interior designer, electronic architect, home office
environment, collectors, composers, painters, graphic designer,
sculptor.
It is not intended as a commercial space which would require
customers coming to the site.
6241 HRA & City of Richfield
1. CONCEPT (continued)
Provide basic structure in which user/owner could provide investment
to finish as desired without great cost or impact upon structure. Buy
unit with utility core only, no interior walls.
Take advantage of unique site conditions to create a total
environment, blending exterior and interior. The pond becomes a
design element for the site.
Can become HI-Tech housing with introduction of hi-tech materials at
interior while maintaining exterior appearance consistent with Richfield
environment.
0 HRA & City of Richfield
2. EXPECTATIONS
a). Propose to build 12 total units with detached parking. Units
clustered in two groups of 6: 2-two story units and 4 one story units
per cluster.
The developer would be prepared to utilize the firm of Maxfield
Research to assess the potential demand for this neo-surburban
housing concept. The research project would identify a potential draw
area for this concept and quantify the demand and target markets
based on an assessment of `lifestyle' demographics.
r]
b). Type of Occupancy:
Ownership with potential Owner installed upgrades after
purchase.
Possible through site design to have 50% rental on one-half and
50% ownership on the other half.
c). Unit mix:
Total of 4 - two story units of 2,000 gross square feet each and 8
single units of 1,100 gross square feet each.
2 detached cluster of 6 vehicles
garages each with visitor on site
parking.
0 HRA & City of Richfield qq 6
2. EXPECTATIONS (continued)
d). Estimated cost if Owner purchased:
$140,000 for double units.
$100,000 per single units
e). The cost per unit of land to be determined by the contribution of
the City towards the development of the storm run-off pond. At the
time of this proposal, a clear understanding of financial responsibility
towards the solution to the ponding issue is not clear. The Developer
is eager to negotiate with the City a feasible financial cost sharing
which will enable the project to proceed with the unit cost as stated
above.
0. Starting date of project plan development and market research to
begin immediately upon City approval of concept and designating
Richfield State Agency the developer of record for this site.
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Penn Avenue Townhomes
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PROJECT DESCRIPTION
The 6900 Block of Penn Avenue South comprises approximately 46,900 square feet of
land bounded by the single family homes of Oliver Avenue to the east, Penn Avenue to
the west, and 69th & 70th street north and south respectively.
The site is proposed as a homeownership townhome project. Given the configuration of
the site we would propose two groups of townhomes covering the north and south portion
of the site with our two (2) acre feet of pond storage located between the two building
pads. The units would be 2/3 story wood frame with a maintenance free exterior as
shown on project examples of brick, stone, vinyl and aluminum. They would be two (2)
or three (3) bedroom units and be 1600 +/- square feet and proposed sale prices would be
around $175,000 +/- per unit. The units have appealed to a diverse and wide market.
Empty nesters, families and professionals of all ages have found these units to be highly
desirable. (Note: Plans similar in design Regency Park, Manhattan on Grand
Townhomes or St. Anthony Townhomes.)
The architectural design will incorporate design elements that are consistent with urban
designs and blend well with the surrounding area. Each townhome will be built with the
garage being tucked under in the rear minimizing a sea of garage doors so evident in
suburban projects. the buildings will be 75% brick and totally "maintenance free." they
are split entry and designed with a crawl space on grade to minimize living areas below
grade completely.
Sixteen (2:1) covered parking spaces are provided with an additional eight (8) surface
spaces. Our unit type raises the first floor approximately three (3) feet above street level.
This effect should be both aesthetically pleasing and provide additional privacy, security
and street separation to residents and enhance views.
Site access and building configuration was chosen both for efficiency and economy. We
have provided two curb cuts off of Penn Avenue leading to the tuck under garage with
each unit and the surface guest parking provided. Private fenced courtyards are provided
for each townhome. We are using the existing site depression for our ponding collection.
•
Penn Avenue Townhomes
We would propose to acquire the site at a price of $80,000.00 for the rawland. We have
assumed the site is free of any environmental contamination and would require that any
costs of environmental restoration would be borne by the City of Richfield. In addition
any and all costs associated with the storage pond and permanent pumping of water
would be borne by the city as well. We have added a site feature to the proposal of a
pedestrian bridge /.gazebo and enclosure for the pumping equipment. We are proposing
the cost of this improvement be part of City of Richfield expense for solving the water
and pumping problem. On this item, some discussion would be needed to coordinate
responsibilities on this aspect of the project with our construction. It should be pointed
out that upon selection we would be able to proceed on this project immediately.
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HOUSING AND REDEVELOPMENT AUTHORITY
is HRA Letter No. 24
Agenda April 20, 1998
Issue Statement:
Early voluntary purchase program for homeowners in the area north of 66th Street on
Emerson Avenue and south of 66th Street to 67th Street between Grand and Pleasant
Avenues -- Richfield Lake Area project (RLAP)
Background:
The HRA first reviewed this item at the February 17 board meeting. During the
discussion, the HRA expressed empathy with owners that wish to sell. However, the
proposed purchase program was tabled until April. During the interim, staff could
evaluate the potential interest of developers in these areas and report on the status of
Richfield Lake area planning.
A newsletter was distributed in March updating residents in the Richfield Lake area on
the development of a Richfield Lake Master Plan. Also, in March staff contacted
developers and requested feedback on development opportunities they envision for the
Emerson and Grand/Pleasant Avenue blocks. Five development teams submitted
responses for the Grand/Pleasant blocks ranging from low density townhomes, to mid-
rise multi-unit housing, to a comprehensive redevelopment of the southeast quadrant of
66th Street and Lyndale Avenue with a mixture of new housing choices, retail and
public spaces. Two development teams offered their approach to new housing choices
on Emerson Avenue. The seven concepts have been briefly summarized and attached
to this letter for information purposes. Staff would appreciate feedback, but no action is
required at this time.
The developers are being asked to share their development concepts with residents at
the May open house when a draft of the master plan will be presented. The open
house is scheduled for Thursday, May 28, 1998. The HRA would receive a
presentation on the concepts, resident feedback and the results of project comparison
and preliminary feasibility at the June HRA meeting.
Late last year, the HRA requested staff to evaluate the feasibility of a program that
would help homeowners who may wish to sell and move from the above identified
areas prior to a formal redevelopment plan being adopted. Some homeowners from
the two areas have approached staff about such a program. There are also some
owners who are not now interested in selling. Attached is a summary of the proposed
program. If approved, homeowners in the two areas would each receive a copy. There
are 26 homeowners along Emerson Avenue north of 66th Street, (excluding Wood Lake
Village) and 14 homeowners on Grand and Pleasant Avenues south of 66th Street.
401 Both the HRA and City have successfully utilized early voluntary purchase programs in
the past. Purchase prices would be determined by an independent appraiser.
Relocation benefits would be based on a case by case analysis. Each acquisition
would be brought to the HRA for approval.
Holding costs for the HRA would include property taxes, routine maintenance and
insurance. A monthly cost of $250 per property is estimated. If some of the properties
are found rentable (they must be up to code and licensed) and rent would cover holding
costs, a tenant could occupy the home as an interim use. Professional management
and tenant screening practices would be followed, as has occurred with other HRA
properties in the past.
Recommended Motion:
1. Discuss the development concepts and provide preliminary housing choices and
feedback to staff.
2. Authorize an early voluntary purchase program for homeowners in the area north of
66th Street on Emerson Avenue and south of 66th Street to 67th Street between
Grand and Pleasant Avenue.
Basis of Recommendation:
1. Several development concepts have been received which indicate there is market
interest in these sites.
2. The purchase program will be responsive to residents who, for personal reasons,
wish to sell now.
0 3. The referenced areas have been identified for alternative forms of housing during
the RLAP process.
4. Funds are available.
5. The HRA would be partially reimbursed by the developer for these acquisition costs
in the future.
6. Legal counsel has opined that the HRA has the authority to initiate this program in
these two areas.
Alternative Recommendation:
1. Do not evaluate housing choices at the referenced areas.
2. Delay or discontinue consideration of a purchase program.
Discussion/Decision Mode:
Affected residents would be notified of the availability of the program. A May 28 open
house will provide a forum to present the development proposals in greater detail.
Res c Ily submitted,
i Jame . Prosser
Exec ' e Director
JDP:ds
Early Voluntary
Purchase Program
Homeowners with property in the two areas identified below are eligible to participate in
the Early Voluntary Purchase Program administered by the HRA as long as funding is
available.
Eligible Areas:
• Single family property north of 66th Street on Emerson Avenue.
• Single family property between 66th and 67th Streets and Grand and
Pleasant Avenues.
Program Benefits:
• Properties are purchased for fair market value in "as-is condition" as
determined by an independent appraiser retained by the HRA. Owners may
obtain their own appraisal report and be reimbursed for the expense up to
$500 at the time of closing.
• Eligible relocation benefits (e.g. expense for moving, advice on replacement
• housing and the cost differential for the replacement dwelling) are provided to
qualified residents in addition to the fair market value for real estate.
• Realtor fees on the transaction are not paid, which maximizes the return to
the seller.
Order of Events:
The purchase process is summarized below. 60 to 75 days is needed from the date a
seller expresses an interest in selling to closing on the-sale. (In special situations every
attempt would be made to shorten the time period.)
1. Submit Letter of Interest in selling to HRA (a form will be provided). This is a
non-binding expression of interest to having the property evaluated.
2. Conversation between staff person and homeowner (either in person or via
telephone) to answer questions and discuss needs and desires of
homeowner.
3. HRA requests appraisal report on property.
4. Relocation consultant meets with homeowner.
5. Appraisal and relocation information is prepared.
6. Appraisal presented to homeowner as an offer to purchase subject to HRA
approval.
7. Relocation results presented to homeowner.
8. Homeowner accepts or rejects offer.
9. If homeowner accepts, HRA considers approval of purchase.
10. If offer is approved by HRA, title work is arranged.
11. Homeowner identifies a preferred date and location of closing.
12. Relocation benefits are finalized.
13. Close on sale to HRA.
14. Property is vacated. (Home is typically vacated at time of closing. If
necessary, a homeowner may remain in the property on a short term rental
basis after closing to accommodate a moving schedule.)
15. Property is maintained by HRA and maybe rented if appropriate.
0
E
Richfield Urban Village
An Integrated Development Proposal
for the 6600 Block of Pleasant and Grand Avenues
with the Richfield State Agency Site
(at 66th Street and Lyndale Avenue)
by
Richfield State Agency
Einess, Swenson, Graham, Architects
?i
Housing Element Features: 210 units total
• 132 rental apartments configured in a townhome style at Grand/Pleasant Avenue
with underground parking; a mix of 1, 2 and 3 bedroom units which accommodate a
variety of one and two level living units: 36 - 1 bedroom, 70 - 2 bedroom, 26 - 3
bedroom.
• As market analysis continues by the development team, the market rate rental
apa rtments/town homes could include a mix of more affordable rental units or
ownership units (the design accommodates either).
• 78 unit senior assisted living and health services, courtyard style, 3 level building at
67th Street and Grand Avenue on Richfield State Agency property:
• 54-1 bedroom units.
• 24 - 2 bedroom units.
Commercial Element Features:
• Approximately 60,000 sq. ft. of commercial space added and configured as 3 levels:
• New street level restaurant and commercial services.
• Expanded medical office on the second level.
• Richfield bank office expansion on the third level.
• A relocated McDonalds restaurant to the corner of Lyndale and 67th Street.
• A parking ramp for approximately 500 cars to serve on-site and general public
parking needs in the area.
10 Connecting Element Features:
• A public walkway, corridor that connects the parking ramp to commercial uses and
.the intersection at 66th Street and Lyndale Avenue.
• Consideration for adding transit services; waiting and drop-off of transit users.
• Emphasis on minimizing surface parking and maximizing public green space.
• Emphasis on creating green way pedestrian paths that are consistent with the
Richfield Lake area concept plan.
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(at Grand/Pleasant Avenues and 66th Street)
by
Twin City Christian Homes
Tushie Montgomery and Associates, Architects
Weis Builders
Housing Element Features: 149 units total
• 149 units of senior, congregate apartments in a four level building, underground
parking:
• 75 one bedroom apartments with optional floor plans.
• 74 two bedroom apartments.
• Emphasis on high quality and appeal in design of common areas and dining room.
• Services package; transportation, meals, activity director for seniors with on-site
supporting amenities.
• ' Commercial Element Features:
29,950 sq. ft. of office space; ground level along 66th Street.
• 100% pre-leased to Twin City Christian Homes and Tushie Montgomery and
Associates.
Connecting Element Features:
• A central courtyard provides access to the building lobby and off-street parking.
• As part of the Richfield Lake area planning process during 1997, Tushie
Montgomery has prepared two widely distributed visual images for the southeast
quadrant of Lyndale Avenue at 66th Street. In cooperation with CSM, this presents
a more integrated approach which includes uses such as a parking ramp, medical
office expansion, theater, bookstore, and coffee shop. The proposed senior housing
can be independent of or combined with the broader retail/office/entertainment
vision.
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Village Commons
(at Grand/Pleasant Avenues and 66th Street)
by
The Cornerstone Group, Inc., Developer
Dovolis, Johnson, Ruggieri Architects,
Real Estate Equities, Property Managers
Housing Element Features: 73 units total
• 51 units in a three level apartment building, underground parking:
• 21, 1 bedroom apartments.
• 30, 2 bedroom apartments.
• Elevator, common laundry, community room.
• 22, 3 bedroom townhome units. 3 level living, tuck under double garages.
• All to be affordable market rate rental.
• Commercial Element Features: None
Connecting Element Features:
• Common courtyard for play, picnic, guest parking, and access to townhome
garages.
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DUVOLIS
JOHNSOM t I
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t 121-E+ut Fm"It Ave.
MinnOW0111, MN 55404
Ph. (612) a?1-6 t19
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1121 East Franklin Ave.
Minneapolis, MN 55404
aPP°?Y?`P Ph.(612).871-6009
PROJECT:
VILLAGE COMMONS
APARTMENT PLANS
SHEET N0: DATE: 4-8-98
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1121 East Franklin Ave.
• Minneapolis, MN 55404
An °4u.1 opp-- ty e.Pj%w Ph. (612) 871-6009
PROJECT:
VILLAGE COMMONS
TOWNHOUSE PLANS
SHEET NO:
DATE' 4-8-95
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FSLI LI?J Minneapolis, MN 55404
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VILLAG=E COMMONS
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PROJECT:
SHEET NO:
DATE: 4 - 8 - 98
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1121 East Franklin Ave.
Minneapolis, MN 55404
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PROJECT:
VILLAG=E COMMONS
TOWNHOUSE PLANS
SHEET NO:
DATE: 4 _ 8 - g8
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CC
SECOND FLOOR PLAN
Cluster and Row Townhomes
(at Grand/Pleasant Avenues and 66th Street)
by
The Rottlund Company, Inc.
Housing Element Features: 70 units total
• 36 Cluster Gables townhomes; all 2 bedroom, 3 level living with tuck under
oversized single or double garages.
• The clusters are configured as 3 buildings of 12 units each; front of unit
garage access.
• 34 Row Gables townhomes; all 2 bedroom, 3 level living with tuck under oversized
single or double garages.
• The rows are configured as 5 buildings with 6 to 8 units each, rear of unit
garage access.
• • All to be owner occupied
Commercial Element Features: None
Connecting Element Features:
• An internal driveways connect to all townhome garages.
• Rottlund has been part of the development consultant team for the Richfield Lake
area planning process. Tushie Montgomery and CSM have prepared two widely.
distributed visual images for the southeast quadrant of Lyndale Avenue at 66th
Street. (Refer to Twin City Christian Homes proposal to review images.) A more
integrated approach includes uses such as a parking ramp, medical office
expansion, theater, bookstore, and coffee shop. The proposed townhomes can be
independent of or combined with the broader retail/office/entertainment vision.
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Grand/Pleasant Avenues and 6600 Block
by Southridge Construction,
Stageberg, Beyer, Sachs, Inc., Architects
Housing element Features: 58 units total
• 12, 3 unit ("three flat") buildings: 36 units total:
• 12, 2 bedrooms, ground floor living, double garage.
• 12, 2 bedrooms, second floor living, double garage.
• 12, 1 bedroom with study, second floor living, single garage.
• other options available.
• 22 units in a 5 level building, each unit with two level living and 2 bedrooms; parking
on ground level
• All units have a south exposure and screened porch or outdoor deck.
• All to be owner occupied.
• Commercial Element Features: None.
Connecting Element Features:
• Alley created for alley access to all on-site parking.
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Gables on Emerson
(at 64th to 66th Street and Emerson Avenue)
by
The Rottlund Company, Inc.
Summary of Housing Proposal: 124 units
• 92 cluster gables townhomes; all 2 bedrooms, 3 level living with tuck under
oversized single or double garages.
• The 9 cluster buildings are configured to face each other on the west side of
Emerson Avenue with driveway access from Emerson Avenue.
• 32 row gables townhomes; all 2 bedrooms, 3 level living with tuck under oversized
single or double garages.
• The row townhomes are configured as 5 buildings that face Emerson
Avenue.
• • An open space area is central to the development and connects to Richfield Lake.
0 All to be owner occupied.
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• Emerson Greene
(at 64th to 66th Street and Emerson Avenue)
by
Hunt Gregory, Developers
Summary of Housing Proposal: 86 dwelling units (61 buildings)
• West side of 6400 block of Emerson:
26 single family homes (units A, B, C)
• 2 and 3 bedroom options with detached or tuck under garages off of existing
alley.
• East side of 6400 block of Emerson:
• 6 single family homes (unit D).
• 3 bedroom options with tuck under garages linked by a courtyard.
• West side of 6500 block of Emerson:
• 8 single family homes (Units B, C) 2 and 3 bedroom options with detached or
tuck under garages off of existing alley.
14 single or duplex homes (units A or E) based on market response. Duplex
homes are over/under style, each with 2 bedrooms.
• East side of 6500 block of Emerson:
• 14 side by side double homes (unit F)
• 2 and 3 bedroom options and tuck under garages
• Two central courts connect homes with green space and an open space area
central to the development connects to Richfield Lake.
• All to be owner occupied.
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HOUSING AND REDEVELOPMENT AUTHORITY
HRA Letter No. 23
Agenda April 20, 1998
Issue Statement:
Consideration of redevelopment concepts for the southwest quadrant of 66th Street and
Lyndale Avenue.
Background:
At its February meeting the HRA discussed the proposed Gramercy Park senior
housing project and the potential for other redevelopment on that block. At that time it
was noted that CSM, the developer consultant for the Richfield Lake Area, would be
working with staff on a master plan for the entire southwest quadrant and that this
master plan would be presented to the HRA for its review. CSM has prepared three
redevelopment options for the remainder of the block, copies of which are attached.
Properties included are:
• Lyndale Hardware
• Trestman and Shaler buildings
• The HRA owned property adjacent to Lake Shore Drive Condos
• Two occupied homes on Lake Shore Drive
• One vacant lot on Lake Shore Drive owned by Lake Shore Drive Condo Assoc.
The commercial components are the same under all three options and include a new
30,000 square foot Lyndale Hardware (approximately the size of the existing facility), a
medical clinic and medical office building totaling 82,000 square feet and 14,000 square
feet of retail space.
Each of the three options includes a different type of housing as follows:
• Option 1 features 58 assisted living units
• Option 2 features 14 row houses (townhomes)
• Option 3 features 42 units in a combination of townhomes and condominiums
The overall concept is based on the assumption of a relocated hardware store. The
site layout is driven largely by the need to keep the hardware store operating during
construction. The owner has indicated a willingness to explore the possibility of a new
facility. CSM has indicated it is not feasible to pursue a smaller redevelopment that
does not include the hardware store.
Based on staff's knowledge of and interaction with the two single family home owners
on Lake Shore Drive, one would likely be a willing seller while the other would not. The
• position of the Lake Shore Drive Condo Association regarding their vacant lot will likely
be influenced by the nature of the proposed development.
• At this writing, the financial analysis of the concepts has not been completed. Staff will
be prepared to present the financial analysis at the May 18 meeting.
Recommended Motion:
1. Evaluate the concepts; select a desired concept and direct staff to continue working
with CSM to refine the concept; and present a financial analysis to the HRA on May
18, along with a proposed public input process.
2. Review the concept with the owner of Lyndale Hardware.
Basis of Recommendation:
1. CSM is the identified developer consultant for the Richfield Lake Area.
2. The HRA directed staff to present a master concept for the area.
3. CSM and staff have had initial discussions with the owner of Lyndale Hardware and
the owner has expressed a willingness to consider relocating on site.
Alternative Recommendation:
Direct staff and CSM to study other possible concepts.
Discussion/Decision Mode:
Staff is preparing a redevelopment plan for the southwest quadrant. Direction from the
HRA with regards to appropriate development concepts will facilitate completion of that
plan.
Respectfull submitted,
James . Prosser
Execut Director
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A
HOUSING AND REDEVELOPMENT AUTHORITY
HRA Letter No. 22
Agenda April 20, 1998
Issue Statement:
Presentation of annual status report on tax increment districts.
Background:
The attached report entitled Richfield HRA Tax Increment District Status Update, dated
April 1998, prepared by Sid Inman of Ehlers & Associates, Inc., represents the health of
the tax increment districts. The first half of the report provides a brief summary of each
tax increment district while the second half provides financial cashflows. In general, the
following assumptions are carried throughout the report:
• Values reflect conservative estimates and do not include any inflationary increases
or interest earnings.
• Reductions in tax class rates for taxes payable 1998 to commercial property are
included.
• Additional proposed legislative reductions to commercial property tax class rates are
included and reflect an estimated 10% reduction in tax capacity.
For 1998, the LHN TIF District has a balance of $1.86 million. By the time the district
ends in 2001, the balance will be $3.2 million, given the assumptions made after all
financial obligations have been made. Currently, tax increment is being pledged to
outstanding bonds and Richfield State Agency for the Wood Lake Medical Clinic project
based on a "pay as you go" note.
The ILN TIF District currently has two financial obligations for which payments are being
made: Shops at Lyndale and outstanding bonds. Payments for the Meridian Crossings
Project, Phase I, will begin next year. The ILN cashflow shows $0 to TOLD because all
increment generated from the project will be paid to TOLD.
The Interchange TIF District is a new addition to the report. After the HRA takes its
10% administrative payment from the increment produced by Galyans, the balance of
the increment will be paid to The Limited, Inc., developer of the project. No reserve
balance is anticipated for the district.
Richfield Rediscovered is also a new addition to the report. A composite cashflow of all
the Richfield Rediscovered TIF Districts is shown to evidence the projected increment
and Interfund loan payments. Again, no reserve balance is anticipated.
The last page of the report is a cashflow for all of the TIF Districts. For 1998, the year
end balance is estimated to be approximately $2.2 million. After the ILN District ceases
in the year 2011 , a reserve balance of $32,490 will exist. Please note that the last
three columns of this cashflow evidence increment for which no obligations exist. The
"TOLD Land Payment" column represents increment that is being repaid to the HRA for
the portion of the Cloverleaf site sold to TOLD for Meridian Crossings. The "Motel ILN
TIF Payment" column represents increment that is projected to be produced by the
Candlewood Hotel project on the former Lampert Lumber site. By the end of the ILN
District term in the year 2011, given the assumptions made, these two projects will have
a fund balance of approximately $4.1 million.
As a part of the regular budget cycle, staff will propose uses for these funds consistent
with state law. Sid Inman of Ehlers & Associates, Inc. will be present at the meeting to
review this report and respond to any questions or concerns that you may have.
Recommended Motion:
Discuss and accept the 1998 Richfield HRA Tax Increment District Status Update,
dated April 1998, prepared by Ehlers & Associates, Inc.
Basis of Recommendation:
The HRA requested annual reporting on tax increment districts and projects.
Alternative Recommendation:
Delay presentation of the report.
Discussion/Decision Mode:
The annual report allows the HRA to review the status of the increment produced and
obligations made to various redevelopment projects. Next year's report will include
additional legislative changes to tax class rates for commercial property.
Respectfully submitted,
Jams Prosser
Execu ve Director
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ASSESSMENT AGREEMENTS AND ASSESSOR'S CERTIFICATES
0 AND
LIMITED REVENUE TAX INCREMENT NOTES
Lyndale Hub Nicollet (L-H-N)' Redevelopment Project Area
Rio ect' . A regiment Terms..
Date'
..................................
March 18 Lyndale Garden Center Assessment Agreement Minimum value $1,690,700
1981 and Assessor's Certificate commencing December 15,1981 until
last tax increment payment for LHN
TIF District (year 2001)
October 12 Lake Shore Drive Assessment Agreement Minimum value $10,000,000
1981 Condominiums and Assessor's Certificate commencing December 31,1982;
minimum value $12,000,000
commencing December 31, 1983 until
December 31, 2001
October 26 Richfield Shoppes Assessment Agreement and Minimum value $1,902,000
1983 Assessor's Certificate commencing December 31, 1984 until
last LHN tax increment bond maturity
(year 2002)
December 13 Richfield State Agency Assessment Agreement and Minimum value $5,039,831
1983 (Addition of 3 stories to bank Assessor's Certificate commencing upon project completion
building, parking lot until last tax increment payment for
improvements) (NOTE: See February 15, LHN TIF District (year 2001)
1994 entry for amended
Assessment Agreement and Assessor's Certificate resulting from new
construction of Woodlake Medical Clinic)
December 27 Woodlake Point Assessment Agreement and Minimum value $11,500,000
1984 Condominiums Assessor's Certificate for commencing January 2,1987 until
Housing Component A March 31, 2002 or last tax increment
payment in LHN TIF District (year
2001)
December 27 Market Plaza and Assessment Agreement and Minimum value for shopping center
1984 Market Towers Assessor's Certificate for and housing $10,375,000
(Village Shores) Shopping Center Component commencing January 2,1987 until
and Housing Component B March 31, 2002 or last tax increment
payment in LHN TIF District ((year
2001); individually, minimum value for
shopping center $3,500,000 and
minimum value for housing at
$6,875,000
4
4
Page 1
4
Lyndaie Hub Niollet (L-H-N) Redevelopment Project Area Continued
_.......il: ote » Pra ecf; ;:: A reement' Tetrns '_
July 31 Rainbow Foods Assessment Agreement and Minimum value $3,087,213
1991 Assessor's Certificate commencing January 2,1992 until
April 1, 2001
July 31 U.S. Swim and Fitness Assessment Agreement and Minimum value $1,854,000
1991 Assessor's Certificate commencing January 2,1992 until
April 1, 2001
December 21 Richfield State Agency Limited RevenueTax Original principal amount of Note
1993 (Richfield State Agency 1983 Increment Note $226,817; amount of accrued interest
improvements* and Woodlake from date of Note $80,415; total
Medical Clinic) amount of payments $307,232
to be paid semi-annually on each
February 1 and August 1,
commencing August 1, 1906 until
February 1, 2001
February 15 Amendment to Assessment Minimum value $5,039,831
1994 Agreement (Original commencing February 15,1994 until
Assessment Agreement and January 2,1995; minimum value
Assessor's Certificate dated $6,104,800 commencing January 2,
1983*) 1995 until last tax increment payment
for LHN TIF District (year 2001)
*See December 13, 1983 entry
F_
L
Page 2
I
Interstate-Lyndale-NicolIet (I-L=N) Redevelopment Project Area
Date Pro'ect' Agreement lerms
December 9 Hampton Inn Assessment Agreement Minimum value $2,060,000
1985 and Assessor's Certificate commencing January 2,1988;
minimum value $2,660,000
commencing January 2,1989;
minimum value $3,402,000
commencing January 2,1990 until
January 2, 2005 or last tax increment
payment for ILN TIF District (year
2011)
April 29 The Shops at Lyndale Limited Revenue Tax Original principal amount of Note
1994 Increment Note ( Phase 1) $2,196,358; amount of accrued
interest from date of Note $2,597,178;
total amount of payments $4,793,536
to be paid semi-annually on each
February 1 and August 1,
commencing August 1, 1996 until
February 1, 2012
April 29 Limited Revenue Tax Original principal amount of Note
1994 Increment Note ( Phase 11) $1,125,759; amount of accrued
interest from date of Note $1,033,409;
total amount of payments $2,159,168
to be paid semi-annually on each
February 1 and August 1,
commencing August 1, 1997 until
August 1, 2010
March 18 Meridian Crossings Limited Revenue Tax Original principal amount of Note
1996 Increment Note ( Phase 1) $7,644,695; amount of accrued
interest from date of Note $8,427,387;
total amount of payments $16,072,082
to be paid semi-annually on each
February 1 and August 1,
commencing August 1, 1998 until
February 1, 2012
L
0
Page 3
March 18 Meridian Crossings Limited Revenue Tax
1996 Increment Note ( Phase II )
Original principal amount of Note
$8,494,593; amount of accrued
interest from date of Note
$10,075,145; total amount of
payments $18,569,738 to be paid
semi-annually on each February 1 and
August 1, commencing August 1, 1999
until February 1, 2012
?J
•
Page 4
December 31 Galyan's Trading Company Limited Revenue Tax
1996 (The Limited, Inc.) Increment Note
Original principal amount of Note
$3,323,309; amount of accrued
interest from date of Note $6,839,413;
total amount of payments $10,162,722
to be paid semi-annually on each
February 1 and August 1,
commencing August 1, 1999 until
February 1, 2019
•
Page 5
4
Cedar Avenue Business Area (CABA) Redevelopment Project Area
Terms
Date Project: Agreement
Note: The CABA tax increment district expired December 31, 1996. No further tax increment to be received. Final
obligation of tax increment to be aid December, 1997.
March 9 Copy Duplicating Products, Assessment Agreement Minimum value $5,343,000
1988 Inc. (CDP) and Assessor's Certificate commencing at time of construction
completion (12/18/89) and until last
increment payment for CABA TIF
District (year 1996)
March 9 Reimbursement Agreement Amount of reimbursement (principal
1988 and interest) $850,000 commencing
annually from receipt of first tax
increment (1990) until last increment
in December, 1996
11
11
Page 6
Date ,Project Agreement ,.. Terms
May 22 6313 Morgan Ave. Assessment Agreement Minimum value $90,000 commencing
1992 (Glenn Wisser) and Assessor's Certificate** January 1, 1993 through payment of
real estate taxes due and payable in
2017
January 6 6625 Stevens Ave. Assessment Agreement Minimum value $110,000 commencing
1995 (Sussel Corp.) and Assessor's Certificate* January 1, 1996 through payment of
real estate taxes due and payable in
2021
*Notes:
? Payments on Limited RevenueTax Increment Notes made only if Developer pays property taxes.
? Assessment Agreements are required for certain Richfield Rediscovered properties when additional performance
0 security is required of builders in order to guarantee minimum building value.
Prepared By:
W ity of Richfield
Community Development Department
Revised July 14,1997
Page 7
HOUSING AND REDEVELOPMENT AUTHORITY
HRA Letter No. 21
Agenda April 20, 1998
Issue Statement:
Public hearing and authorization to sell 6921-12th Avenue to Key Land Homes and
6320-15th Avenue to Affordable Suburban Housing, Inc. (ASH) for single family home
development.
Background:
The HRA acquired the property at 6921-12th Avenue under the Richfield Rediscovered
Program. It is proposed that the HRA sell the property to Key Land Homes for the
development of a new single family home in accordance with a development
agreement. The new home at 6921-12th Avenue will be a four bedroom, three bath
home with a minimum value of $130,000.
The property at 6320-15th Avenue was purchased by the HRA with CDBG funds. It is
proposed that the HRA sell the property to ASH for the development of a new single
family home for a first-time buying family. Acquisition by CDBG funds allows the HRA
to sell the land for $1 to ASH, with a lien on the property for the price of the land. The
lien is passed on to the buyers at closing, making the home initially more affordable.
ASH has a buyer for the property at 6320-15th Avenue and proposes a three bedroom,
one and one-half bath home with a potential basement for full finishing. Contracting
with Steven Marlin Grant Homes, Inc., ASH has just completed a similar project at
6415-14th Avenue.
Recommended Motion:
Following a public hearing, adopt the resolution authorizing the sale of 6921-12th
Avenue to Key Land Homes and 6320-15th Avenue to Affordable Suburban Housing,
Inc.
Basis of Recommendation:
1. The builders have provided evidence of experience, capability and financial
security. Key Land Homes is building under the program for the first time.
2. The HRA acquired 6921-12th Avenue for the Richfield Rediscovered Program.
3. The HRA acquired 6320-15th Avenue with CDBG funds for an affordable housing
initiative.
4. The terms of the development agreements have been negotiated and are in
conformance with program guidelines.
5. Notice of public hearing on sale of the properties was published on April 8, 1998 in
the Sun-Current.
•
Alternative Recommendation:
Do not' proceed with the development agreement with Key Land Homes nor Affordable
Suburban Housing and direct staff to find other buyers.
Discussion/Decision Mode:
Closings would occur in May or June with construction starting soon afterwards. The
site clearance work will be completed shortly on 12th Avenue; the site on 15th Avenue
has been cleared.
Respectfully submitted,
Jame . Prosser
Execu ' e Director
JDP:ds
•
is
HRA RESOLUTION NO.
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT
6921-12TH AVENUE TO KEY LAND HOMES AND 6320-15TH AVENUE TO
AFFORDABLE SUBURBAN HOUSING, 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 Legal Description
6921 12th Avenue Lot 6, Block 4
Richlands Addition
6320 15th Avenue Lot 6, Block 2
Nokomis Gardens Rearrangement of
Blocks 1, 2, 3, 4, and 5, Girard Parkview
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
6921 12th Avenue $33,000 $33,000 Key Land Homes
6320 15th Avenue $1.00 $27,000 Affordable Suburban Housing
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 6921-12th Avenue is authorized to be sold
for $33,000 to Key Land Homes, and 6320-15th Avenue is authorized to be sold
for $1.00 to Affordable Suburban Housing.
2. The Chairperson and Executive Director are authorized to execute a Contract
for Private Development and other agreements as required to effectuate the
sales to Key Land Homes and Affordable Suburban Housing.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 20th day of April, 1998.
ATTEST:
Thomas E. Harms, Chair
Michael Sandahl, Secretary
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East View
North View
6320 15th Avenue
South View
West View
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Second Floor