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062016CompleteAgenda HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting May 16, 2016 CALL TO ORDER The meeting was called to order by Chair Supple at 7:00 p.m. ATTENDANCE HRA Members Mary Supple, Chair; David Gepner; Pat Elliott; Doris Rubenstein; and Debbie Present: Goettel (arrived 7:03 p.m.) Staff Present: Steven L. Devich, Executive Director and Karen Barton, Assistant Community Development Director Item #1 APPROVAL OF THE MINUTES OF THE (1) SPECIAL CONCURRENT HRA, CITY COUNCIL AND PLANNING COMMISSION WORKSESSION OF APRIL 12, 2016 AND (2) REGULAR HRA MEETING OF APRIL 18, 2016 M/Rubenstein, S/Gepner to approve the minutes. Motion carried 4-0. Item #2 HRA APPROVAL OF THE AGENDA M/Rubenstein, S/Elliott to approve the agenda. Motion carried 4-0. Item #3 CONSENT CALENDAR A. Consideration of the approval of a resolution authorizing the HRA to affirm the monetary limits on municipal tort liability established by Minnesota Statute 466.04 S.R. No. 15 HRA RESOLUTION NO. 1226 RESOLUTION AFFIRMING MUNICIPAL TORT LIABILITY LIMITS ESTABLISHED BY MINNESOTA STATUTES 466.04 This resolution appears as HRA Resolution No. 1226. HRA Meeting -2- May 16, 2016 B. Consideration of the approval of a resolution authorizing the execution of an agreement with the Greater Metropolitan Housing Corporation for the acquisition, rehabilitation and sale of houses under the New Home Program utilizing Community Development Block Grant funds S.R. No. 16 HRA RESOLUTION NO. 1227 RESOLUTION APPROVING DEVELOPMENT AGREEMENT WITH GREATER METROPOLITAN HOUSING CORPORATION This resolution appears as HRA Resolution No. 1227. HRA Commissioner Goettel arrived. M/Rubenstein, S/Elliott to approve the Consent Calendar. Motion carried 5-0. Item #4 PUBLIC HEARING AND CONSIDERATION OF A RESOLUTION AUTHORIZING THE SALE OF 7309 10TH AVENUE TO ENDRES CUSTOM HOMES AND A CONTRACT FOR PRIVATE DEVELOPMENT WITH ENDRES CUSTOM HOMES FOR THE CONSTRUCTION OF A SINGLE FAMILY HOME THROUGH THE RICHFIELD REDISCOVERED PROGRAM S.R. NO. 17 Assistant Community Development Director Barton presented Staff Report No. 17. Sue Kimmel, 7214 Logan Avenue, stated that she is a long term Richfield resident and wanted to build a new home here. HRA Commissioner Elliott asked about the appearance of the exterior. Ms. Kimmel responded that they would use hardie board with a brown color to simulate the look of wood. The rest will be a light taupe color. M/Goettel, S/Elliott to close the public hearing. Motion carried 5-0. M/Gepner, S/Goettel that the following resolution be approved:. HRA RESOLUTION NO. 1228 RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT 7309 10TH AVENUE TO ENDRES CUSTOM HOMES Motion carried 5-0. This resolution appears as HRA Resolution No. 1228. Item #5 HRA DISCUSSION ITEMS HRA Commissioner Elliott stated the he wanted to go through the claims and payroll to define anagrams. Item #6 EXECUTIVE DIRECTOR REPORT Executive Director Devich presented a brief update on the status of the Cedar Point II Boisclair Development. He stated that while the preliminary development agreement had HRA Meeting -3- May 16, 2016 expired, the negotiations continue and that he believed a development agreement would be achieved. Laurie Boisclair, President of Boisclair Corporation, addressed the HRA and stated that they are diligently working toward getting a development agreement put together for this project. HRA Commissioner Goettel asked about recent communications with the residents in the affected areas. Ms. Boisclair responded that there hadn’t been any recent communication, but that they are working on contacting residents with updated information. She also explained the delays in getting the project moved forward. Item #7 CLAIMS AND PAYROLL M/Rubenstein, S/Elliott that the following claims and payroll be approved: U.S. BANK 05/16/2016 Section 8 Checks: 127667-127745 $ 155,033.11 HRA Checks: 32680-32717 $ 61,827.80 TOTAL $ 216,860.91 Motion carried 5-0. ADJOURNMENT The meeting was adjourned by unanimous consent at 7:19 p.m. Date Approved: May 16, 2016 Mary B. Supple HRA Chair Steven L. Devich Steven L. Devich Acting City Clerk Executive Director HOUSING AND REDEVELOPMENT AUTHORITY MINUTES Richfield, Minnesota Special Concurrent Housing and Redevelopment Authority, City Council, and Planning Commission Worksession May 24, 2016 CALL TO ORDER The concurrent worksession was called to order by Mayor/HRA Commissioner Goettel at 6:00 p.m. in the Bartholomew Room. HRA Members Mary Supple, Chair; Pat Elliott, Debbie Goettel, and David Gepner. Present: HRA Members Doris Rubenstein. Absent: Council Members Debbie Goettel, Mayor; Pat Elliott; Edwina Garcia; Tom Fitzhenry and Present: Michael Howard. Planning Commission Erin Vrieze Daniels, Chair; and Sean Hayford Oleary. Members Present: Planning Commission Susan Rosenberg; Charles Standfuss; Gordon Vizecky; Rick Jabs; and Members Absent: Daniel Kitzberger. Staff Present: Steven L. Devich, City Manager/Executive Director; John Stark, Community Development Director; Melissa Poehlman, City Planner; and Theresa Schyma, Deputy City Clerk. Item #1 DISCUSSION REGARDING CEDAR CORRIDOR MASTER PLAN UPDATE (COUNCIL MEMO NO. 34/HRA MEMO NO. 14) Michelle Mongeon Allen, JLG Architects, presented preliminary Comprehensive Plan and Zoning District designation options for the Cedar Corridor area. Community Development Director Stark stated that staff is requesting feedback and clarification from the three policy bodies regarding any changes they would like to see to the Cedar Corridor Master Plan so that those ideas can be incorporated into the draft documents that will be presented at a community open house scheduled for June 1, 2016. The City Council, HRA Commissioners and Planning Commission Members discussed the differences between Mixed Use Neighborhood, Mixed Use Community and Mixed Use Regional; attracting businesses that will hire locally for living wage jobs; overlay zoning; finding a theme in the area for marketing purposes; finding a balance between businesses that are complimentary to the airport and residential neighborhoods; and inclusionary housing. Special Worksession Minutes -2- May 24, 2016 Community Development Director Stark stated that finding a balance between thinking big versus impacts to the surrounding residential area is more in the details and scale of the potential businesses than in specific use. The consensus was that there needs to be flexibility in the plan for when the market and economy meander. Furthermore, the consensus was to start in a broad place and get feedback from the community with specific examples, descriptions and visuals so that people are able to envision the future of the area. City Manager Devich stated that the Cedar Corridor is a big chance to attract businesses that make sense for the City, especially when the underpass is complete and the area will be in very high demand. th City Planner Poehlman asked if there were any strong feelings about the 18 Avenue alignment option. th The consensus was the 18 Avenue alignment is still the best option. The concurrent worksession was adjourned by unanimous consent at 6:50 p.m. Date Approved: June 20, 2016. Mary B. Supple Chair Theresa Schyma Steven L. Devich Deputy City Clerk City Manager/Executive Director HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD, MINNESOTA RESOLUTION NO. ______ RESOLUTION APPROVING FIRST AMENDMENT TO PRELIMINARY DEVELOPMENT AGREEMENT WITH INLAND DEVELOPMENT PARTNERS, LLC WHEREAS , the City of Richfield, Minnesota (the “City”) was the owner of certain property located within the City (the “Properties”) and has conveyed such Properties to the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (the “Authority”) for purposes of development; and WHEREAS , Inland Development Partners, LLC, a Minnesota limited liability company (the “Developer”) has proposed purchasing the Properties from the Authority for the purpose of developing an approximately 300 unit apartment building thereon (the “Project”); and WHEREAS , the City, the Authority, and the Developer previously entered into a Preliminary Development Agreement, dated October 19, 2015 (the “Preliminary Development Agreement”), which sets forth the Developer’s intentions and the conditions under which the Developer will undertake the Project; and WHEREAS , the Developer has requested an extension of the termination date of the Preliminary Development Agreement and the Board of Commissioners of the Authority has been presented with a First Amendment to Preliminary Development Agreement, between the Authority and the Developer (the “First Amendment to Preliminary Development Agreement”); and WHEREAS , Section 5 of the Preliminary Development Agreement provides the Board of the Authority to authority to extend the termination date of the Preliminary Development Agreement; NOW, THEREFORE, BE IT RESOLVED , by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota as follows: 1. The First Amendment to Preliminary Development Agreement presented to the Authority and on file with the Community Development Director is hereby in all respects approved, subject to modifications that do not alter the substance of the transaction and that are approved by the Chairperson and Executive Director; provided that execution of such document by such officials shall be conclusive evidence of approval. 2. The Chairperson and Executive Director are hereby authorized to execute the Preliminary Development Agreement on behalf of the Authority and to carry out on behalf of the Authority the Authority’s obligations thereunder. 481058v1 JAE RC125-348 Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, th Minnesota this 20 day of June, 2016. Mary Supple, Chair ATTEST : Doris Rubenstein, Secretary 2 481058v1 JAE RC125-348  The Mortgage was executed without a maturity date, making it automatically a 15-year mortgage. The ability to enforce the Mortgage therefore expired in 1998. The HRA attorney has advised that the HRA provide a Release of Mortgage to the homeowners to allow them to clear the property title of the mortgage. III. BR ASIS OF ECOMMENDATION A. B ACKGROUND  In 1983, the Homeowners purchased the home at 6822 Queen Avenue through the HRA’s New Home Program. The gap between the purchase price and the mortgage that the Homeowners could afford was covered with a loan from the HRA in the amount of $20,000, which was evidenced by a Promissory Note and secured by a second mortgage in favor of the HRA.  Instead of listing a specific maturity date, the Mortgage refers to the Note for the conditions under which the Mortgage matures. The Note lists several conditions, including that the Note is due and payable upon payment in full of the first mortgage or refinancing.  The Homeowners repaid their first mortgage in 2002. The HRA was unaware that the first mortgage was satisfied and therefore, was not able to require repayment of the HRA mortgage at that time.  The Homeowners were unaware that the HRA required repayment at the time the first mortgage was satisfied. B. P OLICY  The New Home Program requires all second mortgages to be due and payable upon the maturity date or upon various other events of maturity provided in the Note. C. CTI RITICAL IMING SSUES  The Homeowners are in the process of doing estate planning and recently contacted HRA staff with questions about the Note provisions. As part of this planning, they would like to clear the title. D. F INANCIAL  The HRA’s loan to the Homeowners was originally financed with Community Development Block Grant (CDBG) funding. There is no requirement that CDBG funds be repaid. E. L EGAL  For the HRA to enforce the Note and require repayment, the HRA would need to file civil action. The HRA Attorney has determined that the HRA would not likely succeed in this action.  The HRA Attorney prepared the Release of Mortgage. IV. AR() LTERNATIVE ECOMMENDATIONS  Decide not to provide the Release. At the time the property is sold, the Homeowners would have to pursue other avenues to clear the title of the HRA Mortgage.  Enforce the Note and pursue all legal remedies to seek loan repayment. V. A TTACHMENTS  Release of Mortgage VI. PPEM RINCIPAL ARTIES XPECTED AT EETING  N/A RELEASE OF MORTGAGE Date: June 16, 2016 FOR VALUABLE CONSIDERATION, the real property in Hennepin County, Minnesota which is described as Lot 6, Block 2, Tingdale Bros. Lincoln Hills, Third Addition, Hennepin County, Minnesota, is hereby released from the lien of the Mortgage, owned by the undersigned, dated November 1, 1983, executed by Reed D. Andersen and Melodee L. Andersen, husband and wife, Mortgagors, to Housing and Redevelopment Authority in and for the City of Richfield, as Mortgagee, and filed for record November 15, 1983 as Document No. 4844809, in the Office of the County Recorder of Hennepin County, Minnesota. 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 was acknowledged before me this ____ day of __________, 2016, by __________________, the Chairperson 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, Grantor. ________________________________________ SIGNATURE OF PERSON TAKING ACKNOWLEDGMENT STATE OF MINNESOTA } ss. COUNTY OF HENNEPIN The foregoing was acknowledged before me this ___ day of ___________, , by 2016 ____________________, the Executive Director of 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 corporation, Grantor. ________________________________________ SIGNATURE OF PERSON TAKING ACKNOWLEDGMENT This document drafted by: Housing and Redevelopment Authority in and for the City of Richfield 6700 Portland Avenue South Richfield, MN 55423 III. BR ASIS OF ECOMMENDATION A. B ACKGROUND  In 2000 the Homeowner received a Deferred Loan in the amount of $15,000 in order to make necessary repairs to her home.  The loan is deferred with no payments or interest and is forgiven after 30 years. If the property is sold or transferred within the 30-year period, the loan becomes due and payable.  In 2004, the HRA agreed to subordinate to a reverse mortgage.  The current Hennepin County Estimated Market Value is $161,000.  The attached letter from the realtor describes the circumstances that have led to the need to sell the home.  After paying off the reverse mortgage, fees and commissions, and closing costs, the settlement leaves the Homeowner unable to repay the HRA’s Deferred Loan. Debt Amount Proposed Owed Settlement Reverse Mortgage (Financial Freedom) $126,375 $126,375 Settlement Charges $11,431 $11,431 Deferred Loan (HRA) $15,000 $0 TOTAL $152,806 $137,806 B. P OLICY  The Deferred Loan Program provides loans to homeowners earning less than 80 percent of the Twin Cities Area Median Income (AMI) to make repairs and improvements that address health, safety and/or property maintenance items.  The Mortgage Foreclosure Response Program Procedural Guidelines state as follows: “Staff will consider short sale offers and negotiate as high of repayment as possible. Action will be taken quickly so as to not disrupt the short sale opportunity and cause the homeowner to enter into foreclosure.”  Neighborhoods in which there are one or more foreclosed and vacant homes have detrimental impacts on the surrounding property values. The Buyer is an investor who plans to make improvements to the home.  The entire loan amount is normally due and payable if the property is sold within the 30-year period, regardless of the number of years remaining on the loan. C. CTI RITICAL IMING SSUES  The sale of the property was to have closed the week of June 13. The Buyer agreed to defer closing until after the HRA’s decision.  If the HRA does not agree to forgive the mortgage, the sale will be cancelled and the property will enter foreclosure. D. F INANCIAL  The HRA has a subordinated position to the primary lender. If the property is foreclosed by the lender, the HRA would also receive nothing.  The Deferred Loan Program is funded with federal Community Development Block Grant (CDBG) funds. There is no federal requirement that the money be repaid.  The HRA has received eight requests for a short sale settlement in the past four years. The HRA agreed to the following settlements: $1,000 out of $10,345 (10%) o $2,500 out of $25,000 (10%) o $1,000 out of $1,577 (63%) o $0 out of $8,249.95 (0%) o $2,600 out of $26,000 (10%) o $5,040 out of $10,080 (50%) o $26,094.28 out of $30,000 (87%) o $2,384 out of $15,892.34 (15%) o E. L EGAL  The HRA has the authority to negotiate a settlement or forgive the loan.  The Deferred Loan Program is funded with federal Community Development Block Grant (CDBG) funds. There is no federal requirement that the money be repaid. IV. AR() LTERNATIVE ECOMMENDATIONS  Deny the request for forgiveness; however, the property will likely go into foreclosure, the HRA will receive no funds, and the property will remain vacant until the foreclosure process is complete. V. A TTACHMENTS  Letter from Ted Field, Remax Realtor VI. PPEM RINCIPAL ARTIES XPECTED AT EETING  Shirley Tormoen, Power of Attorney and sister of the Homeowner  Kelley Krueger, RE/MAX Results