01-18-05 Regular
HOUSING AND REDEVELOPMENT
AUTHORITY MEETING MINUTES
Richfield, Minnesota
Regular Meeting
January 18, 2005
The meeting was called to order by Vice Chair Heimberger at 7:00 p.m.
HRA Members
Present:
Sue Sandahl; Joan Heimberger; and Kristal Stokes.
HRA Members
Not Present:
Thomas Harms; and Martin Kirsch.
Staff Present:
Steve Devich, Acting Executive Director/Acting City Clerk; and Bruce
Palmborg, Community Development Director.
Item 1
M/Sandahl, S/Stokes to defer to February meetinq.
Motion carried 3-0.
Item #2
M/Stokes, S/Sandahl to approve the minutes of Reqular HRA Meetinq of November 15,
2004.
Motion carried 3-0.
HRA Meeting Minutes
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January 18, 2005
Item #3
The agenda was approved by ljnanimous consent.
Item #4
A. Approved resolutions designating official depositories of HRA for 2005 including collateral
S.R. NO.2
HRA RESOLUTION NO. 936
RESOLUTION DESIGNATING THE M&I MARSHALL & ILLSLEY BANK
A DEPOSITORY OF FUNDS OF THE HRA OF RICHFIELD
FOR THE YEAR 2005 AND APPROVING COLLATERAL
HRA RESOLUTION NO. 937
RESOLUTION DESIGNATING U.S. BANK
A DEPOSITORY OF FUNDS OF THE HRA OF RICHFIELD
FOR THE YEAR 2005
HRA RESOLUTION NO. 938
RESOLUTION DESIGNATING CERTAIN SAVING AND LOAN ASSOCIATIONS
AND BANKS AS DEPOSITORIES FOR THE INVESTMENT OF HOUSING AND
REDEVELOPMENT AUTHORITY OF RICHFIELD FUNDS IN 2005
HRA RESOLUTION NO. 939
RESOLUTION DESIGNATING CERTAIN FINANCIAL
INSTITUTIONS AS DEPOSITORIES FOR THE INVESTMENT OF
HOUSING AND REDEVELOPMENT AUTHORITY OF RICHFIELD FUNDS IN 2005
These HRA Resolutions appear as HRA Resolution No.'s 936, 937, 938 and 939 in HRA
Resolution Book NO.7.
B. Approved resolution designating Richfield Sun-Current as official newspaper and Star Tribune
as second official newspaper of HRA for 2005 S.R. NO.3
HRA RESOLUTION NO. 940
RESOLUTION DESIGNATING AN OFFICIAL NEWSPAPER
FOR 2005
This HRA Resolution appears as HRA Resolution No. 940 in HRA Resolution Book NO.7.
C. Approved designating Steven L. Devich, Administrative Services Director, as Acting Executive
Director of HRA for 2005 and directing Executive Director to designate Community
Development Director as Acting Executive Director in the event both Executive Director and
Administrative Services Director are absent from City S.R. NO.4
HRA Meeting Minutes
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January 18, 2005
D. Approved ratifying consent forfiling CIC Plat for Common Interest Community No. 1416,
Declaration for Common Interest Community No. 1416, and Declaration of Easements
(parking and access) S.R. No.5
E. Approved consent to register title to certain real estate related to Kensington Park
redevelopment project S.R. NO.6
M/Stokes, S/Sandahl to approve the Consent Calendar.
Motion carried 3-0.
Item #5
Acting Executive Director Devich presented Staff Report NO.7 regarding a Cooperative
Agreement for Cedar Point Project with Hennepin County.
Community Development Director Palmborg described the Cooperative Agreement with
Hennepin County and described the status and timetable of acquisition with the county funding.
Commissioner Sandahl asked if funds would be a lump sum or draw down and what would
be first acquired with the funds.
Community Development Director Palmborg responded that it would be a draw down and
that the apartments would be acquired first.
Mr. Palmborg stated that HRA staff approached the County on tax abatement, and while
the County said they would not be in favor of abatement, Hennepin County Commissioner Randy
Johnson led the way to provide the City $2 million of County funding for the project.
Vice Chair Heimberger asked if the sound insulated homes would require a greater cost.
Mr. Palmborg responded that yes, given the package of improvements, there would be
added value to the homes.
M/Sandahl, S/Stokes that the followinq HRA resolution be adopted, that it be spread in the
HRA resolution book and that it be made part of these minutes:
HRA RESOLUTION NO. 941
RESOLUTION APPROVING AGREEMENT AND
AGREEING TO ACCEPT AND ADMINISTER FUNDS.
Motion carried 3-0. This HRA Resolution appears as HRA Resolution No. 941 in HRA
Resolution Book NO.7.
Item #6
HRA Meeting Minutes
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January 18, 2005
There was general discussion regarding an alternate date for the February 22 Regular HRA
meeting. The alternate date will be Monday, February 14, ?005.
Item #7
Norl'e.
Item #8
M/Sandahl, S/Stokes that the followino claims and pavroll be approved.
FIRSTAR BANK "t2-20-04
Section 8 Checks: 107154 - 107288
HRA Checks: 27356 - 27389
$ 196,038.62
$ 62,529.91
FIRSTAR BANK 1-18-05
Sectioli 8 Checks: 107289 - 107417
HRA Checks: 27390 - 27419
$187,119.43
$ 69,913.99
Motion carried 3-0.
The meeting was adjourned by unanimous consent at 7: 15 p.m.
Steven L. Devicli
Acting City Clerk
te en L. Devich
Acting Executive Director