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08-15-05 Regular HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting August 15, 2005 The meeting was called to order by Vice Chair Heimberger at 7:00 p.m. HRA Members Present: Joan Heimberger; Sue Sandahl; and Martin Kirsch. HRA Members Not Present: Thomas Harms; and Kristal Stokes. Staff Present: Steve Devich, Executive Director/Acting City Clerk; Bruce Palmborg, Community Development Director; Patrick Smith, Community Development Manager; Bruce Nordquist, Housing and Redevelopment Manager; and Chris Regis, Finance Manager. Item #1 M/Kirsch, S/Sandahl to approve the minutes of Reaular HRA Meetina of Julv 18. 2005. Motion carried 3-0. Item #2 M/Sandahl, S/Kirsch to approve the aaenda. Motion carried 3-0. HRA Meeting Minutes -2- August 15, 2005 Item #3 A. Approved contract with Westwood Professional Services for use of Michael Schroeder to assist with design services related to Cedar Point development project S.R. No. 31 M/Sandahl, S/Kirsch to approve the Consent Calendar. Motion carried 3-0. Item #4 Community Development Director Palmborg reviewed Staff Report No. 32 regarding consideration of the Richfield HRA Annual Tax Increment District Status Update. Vice Chair Heimberger asked if Ehlers saw any "red flags" in our TIF districts. Sid Inman, Ehlers & Associates, Inc., responded that he did not. . Mr. Inman summarized the contents of the report and indicated that the important factor is that all of the districts of the HRA are able to pay their debt obligations. Mr. Inman then described the status of each respective district. He also indicated that certain excess funds from some of the districts could be used for deficit posting of any future shortfalls in any of the districts. Commissioner Sandahl asked if Mr. Inman knew how many more units the Kensington complex needed to sell. Mr. Inman stated that he wasn't aware, but that nine and a half units would need to be sold to pay back the full $3,000,000 obligation to the HRA. Vice Chair Heimberger asked about the status of the City's Richfield Rediscovered Program. Community Development Director Palmborg described the modified program guidelines for the program. M/Kirsch, S/Sandahl to accept the Richfield Housinq and Redevelopment Authoritv Annual Tax Increment District Status Update. Motion carried 3-0. Item #5 HRA Meeting Minutes -3- August 15, 2005 Community Development Manager Smith reviewed Staff Report No. 33 regarding consideration of a Professional Services Agreement with Hoisington Koegler Group, Inc. for planning services in the 1-494 Corridor. Mark Koegler, Hoisington Koegler Group Inc., summarized their firm's experience and qualifications regarding similar work, and identified key individuals who would be working on the project. Mr. Koegler described the timeline for completing this project. He explained each phase of the project and what specific steps and procedures would be used at each juncture of the process. Kevin Hart, Culver's, indicated his interest in developing a facility in the corridor area and stated that the moratorium is causing a problem with their potential development in Richfield. Community Development Director Palmborg stated that he had several conversations with Mr. Hart's partner and reiterated that we will have to wait until the moratorium is over. Commissioner Sandahl stated that the City has been looking for a restaurant on that particular site but we are not in a position to deviate from the moratorium at this time. M/Sandahl, S/Kirsch to approve the Professional Services AQreement with HoisinQton KoeQler Group Inc.. for planninQ services in the 1-494 Corridor. Motion carried 3-0. Item #6 Community Development Director Palmborg reviewed Staff Report No. 34 regarding resolutions regarding the 2006 Proposed HRA Budget and Tax Levy and the 2005 Revised HRA Budget Mr. Palmborg reviewed a series of overhead slides summarizing the activities of the HRA over the past year and those activities anticipated for 2006. He also reviewed the "Summary of All Funds" for the 2005 Revised/2006 Budget and the current and proposed tax levy. M/Sandahl, S/Kirsch 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. 952 RESOLUTION APPROVING PROPOSED 2006 HOUSING AND REDEVELOPMENT AUTHORITY BUDGET AND CERTIFYING THE 2006 TAX LEVY Motion carried 3-0. This HRA Resolution appears as HRA Resolution No. 952 in HRA Resolution Book NO.7. M/Sandahl, S/Kirsch 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 Meeting Minutes -4- August 15, 2005 HRA RESOLUTION NO. 953 RESOLUTION AUTHORIZING REVISION OF THE 2005 BUDGET OF THE HOUSING AND REDEVELOPMENT AUTHORITY OF RICHFIELD Motion carried 3-0. This HRA Resolution appears as HRA Resolution No. 953 in HRA Resolution Book NO.7. Item #7 Executive Director Devich reported that the full MAC voted to buy four of the remaining eight houses on the 6600 block of 17th Avenue which are in the 65 DNL. The City would be responsible for purchasing the other four. Item #8 M/Kirsch, S/Helmberger that the followina claims and pavroll be approved. FIRSTAR BANK Section 8 Checks: 108274 - 108412 HRA Checks: 27613 - 27650 $ 187,411.74 $ 159,128.53 Motion carried 3-0. The meeting was adjourned by unanimous consent at 8: 13 p.m. 2005