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01-22-91 agenda~V HOUSING AND REDEVELOPMENT ,AUTHORITY JANUARY 22, 1991 7:00 P.M. AGENDA MEETING WILL BE HELD IN LARGE CONFERENCE ROOM CALL TO ORDER APPROVAL OF MINUTES OF REGULARLY SCHEDULED MEETING OF DECEMBER 17, 1990 1. OATH OF OFFICE FOR HRA COMMISSIONER, LARRY WOZNICZKA 2. OPPORTUNITY FOR CITIZENS TO ADDRESS THE HRA ON ITEMS NOT ON THE AGENDA , 3. .ELECTION OF OFFICERS HRA LETTER NO. 1 4. DESIGNATION OF ACTING EXECUTIVE DIRECTOR ~ HRA LETTER NO. 2 5. CONSIDERATION OF APPROVAL OF RESOLUTIONS DESIGNATING OFFICIAL DEPOSITORIES FOR THE HRA OF RICHFIELD FOR 1991, INCLUDING THE APPROVAL OF COLLATERAL. HRA LETTER N0. 3 6. CONSIDERATION OF DESIGNATION OF OFFICIAL NEWSPAPER HRA LETTER NO. 4 7. CONSIDERATION OF RECOMMENDATION FOR THE INTERIM USE AND MANAGEMENT OF 77TH STREET PROJECT HRA LETTER N0. 5 8. PUBLIC HEARING ON SALE OF LAND TO BRADLEY REAL ESTATE TRUST (BRADLEY) HUB WEST, L/H/N HRA LETTER NO. 6 '~~. EXECUTIVE DIRECTOR REPORT 10. CLAIMS AND PAYROLL 4 ADJOURNMENT Housing and Redevelopment Authority HRA Letter No. 6 Agenda January 22, 1991 Issue Statement: Public hearing on sale of land to Bradley Real Estate Trust (Bradley), Hub West, LHN. Background• At the December 17, 1990 meeting, Letter of Intent for Hub West with calls for Bradley to redevelop Hub grocery store while continuing the Kentucky Fried Chicken uses on the the HRA approved. the terms of a Bradley. The Letter of Intent West with a Rainbow type U. S. Swim and Fitness and site. The total project is expected to cost approximately $9 million. Bradley will provide $5,686,848 (64$), and the HRA will provide $3,262,500 (36~). A portion of the Bradley cost is $725,000 to be paid to the HRA for their purchase of the Levine property. Further, the Letter of Intent states that it is the intent of the parties to close by February 28, 1991. Improvements are to be completed by January 2, 1992. Recommended Motion: Adopt the attached resolution which authorizes the sale of the Levine property to Bradley in accordance with the Letter of Intent following the public hearing. Basis of Recommendation: 1. In accordance with state law, the sale of real estate may be authorized by the HRA following a public hearing. 2. The sale must be authorized before redevelopment can begin. 3. The sale is contemplated by the Letter of Intent approved in December. 4. The notice of public hearing was published in the Sun-Current on January 9,1991. Alternative Recommendation: 1. Reject the resolution. 2. Delay action to a future date. Discussion/Decision Mode: Authorization, at this time, will keep the redevelopment process moving and help assure the initiation of redevelopment in accordance with the Letter of Intent. Respectfu y submitted, James Prosser Execu ve Director JDP:ds [Redevelopmnt]NHP-HRAResol-LHN HRA RESOLUTION N0. THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR .THE CITY OF RICHFIELD, MINNESOTA RESOLUTION RELATING TO THE SALE OF CERTAIN LAND LOCATED WITHIN THE LYNDALE/HUB/NICOLLET COMMERCIAL IMPROVEMENT PROJECT AREA WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (HRA) desires to redevelop certain real property pursuant to and in furtherance of the "Lyndale/Hub/Nicollet Commercial Improvement Program" (the "Plan"),heretofore adopted by the City of Richfield (City) and the HRA, said real property being described as follows: Parcel Identification Address: 6520 Pillsbury Avenue South PIN No.: 27-028-24-24-0062 Legal Description Lot 3, Block 1, Richfield Hub Superblock Hennepin county, Minnesota. WHEREAS, the HRA is authorized to sell real property within its area of operation after public hearing; and, WHEREAS, a developer, Bradley Real Estate Trust, a Massachusetts business trust, (Bradley) has been identified as the purchaser of the described property, in accordance with a Letter of Intent and subject to a Contract for Private Development to be entered into between the parties; and, WHEREAS, the public hearing has been held after proper public notice; and, WHEREAS, for purposes of Minn. tat. Section 462.356 Subdivision 2., the HRA finds that this proposed disposition has no relationship to the Comprehensive Municipal Plan. NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and Redevelopment Authority that the described real property is sold to Bradley Real Estate Trust in accordance with a Letter of Intent subject to a Contract for Private Development to be entered into between the parties. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 22nd day of January, 1991. Thomas E. Harms, Chairperson ATTEST: Joan Helmberger, Secretary _~ .~ ~ - 35~~ ~~ ~I ~i~l!i 71~~ ~I~I. _ ' I I EM[RSON EV F. (i~n~n~u[~ l j 1 1 I_ i j 1 1 1 1 1 1 1 1 I T I ~ ~ n~p~1[ I! ( I I _ I I. ~ I, I I I ~ N~N[~'J..' 1.11 1' ~ ' ~ ` DUYONT 7RV[., LrNWOOD IlV ...~ _- ~~ ~ °9 ~ ~ I T~ ,~~ ~l ~ -u_~~ - - „_~ ;/ ~~ --~ ~ _ _ ~,; ~ DDLiRE RYE. _ ~~~ -'~ ~ ~~ ~~~'CIII - -~ ~ ,~~~~ '~ ~ i -~ ~T~1~ v0 ~ /~ Apt ~q ~RrRni Rvc. _ .~ -- ~ A ,. ~~ _ ~ RLDRICN RYE. _ a "' Y~aa'/ aD ~+~ , __ ~ ~ .T ~ 1 - ~ ~~ _I ~ ~ r T -_ ORRiI[lD RVE. ~~ w \ y _ ._ _ _ _ . ~-~ N MRRRIET RVE. i I - S - N [[~[[~[[~[[~[^ ORRND RVE. I~ ~L[RSRNi RV[. 1111 i 11111 ~~~~1~I ~i~I ~1 ~I ~I ill~l~l 11111111 IIII illlllll III 1111111111111111 11111111 1111111111111111 11111111 l Illl~l~lyll ll ~ MI15[URT RY[. 1'1 ~ I1Q~~i1 I 8 O ~ M'EMf WORTN RVE. _ _T- _.- y D n r~ 0 -~ O z c~ G n 0 D O OLRISDELL RYE. O v _ _ _ ~ v_ _ = NICOLLET RV[. `~ ~ O O s ~y ~~ p ~ m 1 a i¢E. - -- Z O .~ - - - -- -- ff - -- STEY[NS RVE. - '- - - -- -- - -~ _ _. ~ ~ - - - - - - - --~~ _~ ~TT1TID1 l I~_ ~ ~ ~ ,.. RYE. -- ° LYNDALE /HUB / NICOLLET COMMERCIAL IMPROVEMENT ~ ~ ~ ~ o ~ PROGRAM RICHFIELD,. MN Housing and Redevelopment Authority HRA Letter No. 5 Agenda January 22, 1991 Issue Statement• Recommendations•for the interim use and management of 77th Street properties. Background• Homes are being purchased to provide for the future expansion of 77th Street. Within the ILN redevelopment project, 16 homes are required. To date, 12 homes are owned by the HRA (offers have been made on two additional properties and two owners have not yet indicated a desire to sell). HRA funds are used for the initial purchase of these properties with subsequent reimbursement by Municipal State Aid (MSA). East of the ILN, residential property is also being purchased. The only available funds are from RALF (Right of Way Acquisition Loan Fund) which is administered by the Metropolitan Council. To date, with City Council authorization, two properties have been purchased. Two additional properties are being processed for purchase. RALF may only be used for owner-occupied dwellings with owners who must sell the property to relieve a financial or health hardship. All purchases are voluntary. When people desire to sell to meet personal needs, staff responds. When the purchases were initiated in the ILN, it was with the expectation that 77th Street improvements would be underway in 1989. With regard to the RALF area, it was hoped that a first phase could be underway in 1990. Last fall, staff began to study the feasibility of renting these properties.. Questions evaluated included the following: 1. Can the city and/or the HRA legally rent these homes to the general public? 2. Are all the houses appropriate for renting? 3. What should be the disposition of homes not suitable for renting? 4. What would it cost to ready houses for rental (code work, general maintenance, appliance purchase)? 5. Would management companies be interested in overseeing these properties? 6. Would operating income cover expenses? 7. Are there social needs which could be met by any of these homes? Recommended Motion: As a result of the preliminary evaluation, it is recommended that staff be authorized to undertake the following: 1. Prepare a request of the City Council, that the HRA be designated to manage the RALF property. 2. Solicit estimates for the demolition of 7600 and 7645 Emerson Avenue to include backfilling and seeding. 3. Seek offers to purchase for removal from their sites structures at 7644 Aldrich and 7644 Colfax Avenues. The holes would be backfilled and the soil seeded. 4. Obtain estimates from contractors for the cost to prepare houses for renting. 5. Seek proposals from property management companies regarding: - suitability of renting each house; - management costs; - rent level for each property; and, - estimated time required to rent the homes. However, prior to seeking proposals, staff would determine. the likely leasing period. Available information indicates that a longer rental period makes it possible to charge a higher rent and to obtain a higher quality tenant. If rents cannot be maximized, income may not cover operating costs. Eighteen months is reportedly an ideal minimum time period. At the other extreme, a month to month term would have a high risk for recovering rent preparation costs. Management companies are also apprehensive about month to month situations. 6. Study with Project For Pride In Living (PPL), a metropolitan area non-profit organization, the feasibility of utilizing a limited number of these properties for a homeownership training program. Basis for Recommendation: 1. A review of the statutes indicates only the HRA may rent residential property to the general public. Cities are not empowered to do so. 2. The condition of 7600 and 7645 Emerson. Avenue does not warrant consideration for anything other than demolition. The holes would be backfilled and the soil seeded. 3. Both 7644 Aldrich and 7644 Colfax Avenue are suitable for moving, neither is feasible to repair. The Aldrich property has a severe basement moisture problem and the Colfax property requires extensive work to the electrical system. 4. The preliminary analysis indicates that income could meet expenses. However, the next step is to request contractors to submit proposals. Code compliance costs are estimated to average per property $1,600 - $2,600 Non-code related clean-up costs. are estimated per property at $600 Purchase of reconditioned .appliances, stove and refrigerator $ 400 - $ 600 Total estimated average cost per property $2,600 - $3,800 These figures resulted from a code compliance inspection by the Inspection Division, and an analysis of those reports by rehabilitation staff. 5. Neither the HRA nor the City is staffed to rent and manage this number of rental properties. 6. PPL operates a program for people who wish to become home owners. As tenants of a single family rental property, PPL provides education for ownership. Program participants are closely monitored to assure a successful training experience. As appropriate, staff will report to the HRA on the results of the above final feasibility process. Alternative Recommendation: 1. Modify any element discussed above. 2. Continue to keep the structures "as is". Discussion/Decision Mode: Spring is typically a good time to rent property. By pursuing these recommendations now, it may be possible to minimize costs due to the slump in the construction business and have the homes ready for rental in the spring if rental continues to be economically feasible. Respe lly submitted, Jam s D. Prosser Executive Director JDP:ds HOUSING AND REDEVELOPMENT AUTHORITY HRA Letter No.4 Agenda January 22, 1991 Issue Statement• Designation of Official Newspaper for 1991 Background: The Richfield Sun-Current, published by Minnesota Suburban Publications, has been the City's and HRA's official newspaper for many years.. The rates for legal publications are as set forth by Minnesota law. Attached is a copy of a letter from Minnesota Suburban Publications requesting that they be designated the official newspaper for the City of Richfield for 1991. Recommended Motion: Designate the Richfield Sun-Current as the official newspaper of the Richfield HRA for the year 1991. Basis for Recommendation: 1. The paper has served well as the official newspaper for many years. 2. The paper has expressed a desire to continue to provide this service. 3. The newspaper is in close proximity to City offices if it is necessary to hand deliver legal notices before publication deadlines. 4. The paper is delivered to each residence in the City, thereby providing city-wide coverage of legal notices to residents. Alternative Recommendation: 1. Not-make a designation and request the City Clerk's office to check into using another publication, such as the Minneapolis Star & Tribune. Discussion/Decision Mode: This item has been placed on the January 22, 1991 HRA agenda so that a designation can be made .for 1991. Respectful submitted, James Prosser Execu i e Director MINNESOTA SUBURBAN PUBLICATIONS Post Publications and Minnesota Suburban Newspapers 19 December 1990 Mr. Tom Ferber City of Richfield 6700 Portland Avenue South Richfield, MN 55423 Dear Council Members: We would appreciate your designation of the Richfield Sun-Current to be your official newspaper for the 1991 year. Our company prides itself on home delivery of quality weekly newspapers that are timely and informative. By designating us to publish your public notices, we can best serve the residents of your city. The new rate structure for legals effective January 1, 1991 will be: 1 column width S .62 per S .34 per 2 column width S1.24 per S .68 per line - first insertion line - second insertion line - first insertion line - second insertion Includes notarized affidavits on each of your publications. All legal notices should reach this office by Thursday noon preceding our Wednesday publications. Please direct your publications to the attention of Meridel Hedblom, Legal Publications, MSN, 7831 East Bush Lake Road, Bloomington, MN 55439. Our fax number is 896-4818. We appreciate being considered as the official newspaper for the ensuing year .and look forward to a mutually beneficial working relationship. Since 1 , ~~ G o y P in General Manager GP:kt New Hope Office: 8801 Bass Lake Road, New Hope, MN 55428 Phone: (612) 536-7500 Bloomington Office: 7831 East Bush Lake Road, Bloomington, MN 55439 Phone (612) 896-4700 HOUSING AND REDEVELOPMENT AUTHORITY HRA Letter No.3 Agenda January 22, 1991 Issue Statement: Resolutions designating official depositories for the HRA of Richfield for 1991, including the approval of collateral. Background: In accordance with .Minnesota Statutes Section 475.66 and 118.005, the HRA of Richfield must annually establish financial institutions which have pledged the necessary. collateral over and above the amount of federal insurance, as public depositories. The First Western Bank is pledging collateral in the amount of $2,000,000. This collateral pledge means that the HRA's deposits up to this amount are secured with the. depository. In addition to this collateral pledge, HRA funds are protected by the Federal Deposit Insurance Corporation in the amount of $100,000, making the total protection afforded by this depository for HRA funds equal to 2,100,000. A resolution naming the First Western Bank as the 1991 official depository for the Richfield Housing and Redevelopment Authority is attached to this letter. A resolution must be provided annually, designating certain savings and. loan associations and banks as official depositories for investment of certain HRA funds. With approval of these official depositories, the HRA will be able to invest funds in these institutions, not exceeding the federal insurance of $100,000. Finally, a resolution is also attached which designates certain financial institutions as depositories for the investment of HRA Funds for 1991. These institutions, such as investment brokerage firms offer government securities in the manner require by law. These financial institutions include Richfield Bank and Trust Co., Marquette Bank Minneapolis, Merrill Lynch, Dain Bosworth, Prudential Bache, Kidder, Peabody, Norwest Investment Services, Piper, Jaffray & Hopwood and State Street Bank & Trust. Recommended Motion: It is recommended that the HRA adopt the attached resolutions designating official depositories, with the understanding that the HRA could not invest in any of the depositories beyond the level of insurance coverage of the pledged collateral. Basis of Recommendation: 1. It is recommended that the HRA adopt the attached resolutions designating official depositories, with the understanding that the HRA could not invest in any of the depositories beyond the level of insurance coverage of the pledged collateral. 2. The HRA has worked with the institutions recommended in the past and has found to have a good working relationship with these institutions. Alternative Recommendation: The HRA could solicit other financial institutions for official depositories, but past relationships with the depositories recommended have proven satisfactory for the HRA. Discussion/Decision Mode:. Action of the HRA is desirable at the January 22, 1991, HRA meeting so that the HRA may invest funds in the approved financial institutions for the year 1991 immediately. Respectfully submitted, Jame Prosser Exec ve Director JDP/e j a HRA RESOLV!'ION N0. A ~OLLTrION DFSIQiATIN(s C~tTP1IN SAVINGS AND LOAN ASSOCIATIONS Ai~ID BAHICS AS DEPOSITORIES FOR THE INVE.Sti~'tEIQ'P OF THE I~tTSING ArID REDEVELAPNIFNP AUI4~RITY Fi~IDS IN 1991 fn~~2FAS, ~» pant to Minnesota Statutes, Section 475.66 aryl 118.17, municipal funds may be deposited in arty. Savings and Loan Association which has its deposits insured by the Federal Savings and Loan Insurarr.~e Corporation, and ~~2FA.S, the amamt of said deposits may not exceed the Federal Savings and Loan Insliranoe Corporation irysuranoe covering such deposits which insuraryoe amauzt is pr~eserrtly $100,000,. arxi 6,~IF12FA.S, the deposit of Housing and Redevplop<tlent Authority funds in Savings aryl Loan Assoriatiorrs aryd Banks would provide greater flexibility in the Housing aryl Redevelopment Authority's investment program and maximize interest irr~atne ttyereor'i. NOW, THEREFORE, BE IT RF50LVID by the Rousiryg and Redevelopment Authority of Richfield as follows: 1. It is hereby fouryd aryl detP.Ymined that it is in the best interests of the proper tnaryagement of Housing aril Redevelopment Authority funds that certain Savings and Loan Associations and Banks be designated as additional depositories for Housing and Redevelolanent Authority furrl.S for 1991. 2. The following Savings and Loan Associations and Banks are herPl7y designated as additional depositories for Housiryg and Redevelopment Authority funds: Norwest Hank Minnesota, NA 6445 Nieollet Avenue South Richfield, Miru~e.9ota 55423 Richfield Bank & Trust C)a~any 6625 Lyndale Avenue South Richfield, Minnesota 55423 Twin City Federal Hankiryg and Savings 3330 West 66th Street Edina, Miruyesota 55435 3. It is further famd arrl determined that the purpose of such depository designation is to facilitate the proper and advantageous investment of F~ousing arxi Redevelopment Authority funds aryd that such designation is not exclu- sive nor does it preclude the deposit of any Housing arx3 Redevelopttyent Authority funds in other officially desig- nated depositories of the Raising aril Redevelognent Authority. 4. The Executive Director is ~ authorized to deposit Housing ar~d Redevelopment Authority funds in arty or all of the depositories herein designated up to the amount of $100,000, or such other amcxuit as may be Stly pernutted by law, such deposits to be in the form of demand acoanzts for Public Unit Savings Certificates pum.~~a9ed by the Housing and Redevelopmezzt Authority of Richfield, payable to the Housing and Redevelopment Authority of Richfield on the signatures of the Executive Dir~bor. passed by the Housiryg arx3 Redevelc~~ent Authority of Richfield this 22nd day of January, 1991.. Thomas E. Harms, Chairperson ATTF~T: Joan Helmberger, Sec~~etary F~2A RE50LITPIDrT NO. A RESOIITPION DESIC~~ITING (~RTAIIQ FII~C'JAI, INbTIT[TPIONS AS DEF'0.SIZC~tIES FOiR THE IIV~1~''7.i~IV'P OF HOUSIIIG AMID RIDE.VIIiOPrgNP AiTli~RITY OF RIQ~IELD FZ~ID6 Il~T 1991 Wf~2IIgS, the Housing and Redevelopment Authority of Richfield has money which is available for irYVestment, ar~d 4~~tFAS, different financial institutioa~s offer different rates of return oan investments, ar~d inlf~tEAS, the Housing and Redevelognent Authority of Richfield shall A~ U. S. Treasury Bills, U. S. Treasury Notes and other such gaverrrnent securities in the manner required by law from the institution offering the ..highest rate to the City prwidirx3 greater flexibility in the investment Program arxi maxind.ze interest irx~rnie theY~. NOW, TORE, BE IT RESOLVID by the Housing and Redevelopment Authority of Richfield, Minnesota, as follows: 1. It is hereby fourx3 and detezmiryed that it is in the best interests of the proper management of Housing and Redevelopm~zt Authority funds that certain f;*~*~;al institutions be designated as add- tional depositories for Housing ar~d Redevelopment Authority funds for 1991. 2. The following financial institutions designated as depositories for Housiryg ar~d Redevelopment Authority funds: Richfield Bank & Trust C.ampany Marg<yette M:irn~eapolis Bank Merrill Lynch, Pieroe, Fennex & Smith, Inc. Rain Bas~aorth, 7x~c. Pnx3ential -Bache Kidder. PpabodY & CompaTYY Norwest Investment Services Piper, Jaffray & f~xuood State Street Bank & Trust, Trust for Short-Term U.S. Government Securities 3. The Treasurer is hereby authorized to deposit Housing and Redevelop- ment Authority funds in any or all of the depositories herein de- signated. Such deposits may be made and withdrawn from-time to time by the Treasurer as his/t~r best jtuigzment and the interests of the Fusing and Redev~lopnent Authority dictates . 4. The investment of funds arxi the reporting thereof pursuant to this resolution shall be oorydt~cted in aooordarx~e with established .policies regarding the investanent of these funds. passed by the F~ousitx,~ and Redevplo~zt Authority of Richfield this 22nd day of Janta~cy, 1991. Thomas E. Haxms, Chairperson ATTEST: Joan Helmberger, Secretary HRA RESOLVi'ION NO. RESOL[T1'If~ DFSI(~TING THE FIRST WEST'TEItN BArIIC A DEPOSITORY OF Ft~ID6 OF THE I~(Xl.SII1G AMID RIDEVEfAPN~1Q'P AVl~iDRITY FOR RIC~'IELD FOR THE YFAR 1991 AMID APPROVINiG OOLLATgtAL BE IT RESOLVID by the Housing arxi Redevplopmexit Authority of Richfield as follows: That, in aooordanae with law, the First Westexn Bank be, and herpl~y is designated a depository of the funds of the Housing and Redevelopment Authority, ar~d subject to the following terms and conditions: The said depository shall not be required to give bonds or other securities for such deposits provided that the total sum thereof shall not at any time exceed in arty depository the sum for which its deposits are insured under the Acts of Corx~ress of the United States relating to insuraryoe of bank deposits; but not in ca_~e such deposits in any such depository shall at any time exceed such in~tared sum, said depository shall immediately furnish bonds or other security for such excess aooordisyg to law, approved by the Housing and Redevelopment Authority of Richfield. That said depository shall pay on dgnarx3 all deposits there; and shall pay all time deposits, at or after the end of the period for which the same shall be deposited, on de<naix~. BE IT FLIRTF~t RESOLVED, that there shall be maintained a get~x'al account in which shall be deposited all monies. C7~ecks on this amount shall be signed by the following officers or their facsimile signatures. Ttn[ttas E. Harms, Chairntan James D. Prosser, Executive Director BE IT FiArlfR~t RESOLVID, that there shall be a daily intes~est savings account. All withdrawals fmm said aoooiuit will be for transfers to the ~ cher3~irx,~ account. BE IT FL~'Ii~R RESOLVID, that the collateral in the amaiuit of $2,000,000 deposited far safekeepiryg at the First Wisoa'~sin National Bank, is hereby approved Passed by the Housing and Redevelopment Authority of Richfield this 22nd day of January, 1991. T~xxmas E. Harms, C7~airperson ..ATTEST: Joan HeLttberges', Secr2tarY HOUSING AND REDEVELOPMENT HRA Letter No. Agenda January 22, AUTHORITY 2 1991 Issue Statement: Designation of Acting Executive Director. Backgrounds On January•2, 1991, the City Council appointed the Director of Administrative Services to serve as the Acting City Manager in the absence of the City Manager. Since the City Manager also serves as the Executive Director of the HRA, it is recommended that the Administrative Services Director, Steven Devich, be designated by the HRA as the Acting Executive Director of the HRA to serve in that capacity during the absence of the Executive Director. Recommended Motion: That the HRA move to designate Steven Devich, Director of Administrative Services, as the Acting Executive Director of the HRA. Basis of Recommendation: 1. A designation of an Acting Executive Director is a normal business action of the HRA similar to designation of depositories and official newspaper. 2. The Administrative Services Director has been designated as the Acting Executive Director in the past. 3. The Administrative Services Director serves as the Acting City Manager, filling other similar responsibilities for the City Manager in the Manager's absence. Alternative Recommendation: 1. Make no designation of Acting Executive Director. 2. Make the designation of Acting Executive Director to another individual or position. Discussion~Decision Mode: Designation of the Acting Executive Director is a matter that would .normally be considered at the first business meeting of each year. JDP:cak Res ec f lly submitted, Ja a Prosser Ex c t ve Director Housing and Redevelopment Authority HRA Letter No. 1 Agenda January 22, 1991 Issue Statement: Election of officers for the Housing and Redevelopment Authority. Background• The bylaws•of the Richfield Housing and Redevelopment Authority provide that the HRA hold an annual meeting in January of each .year. The bylaws further provide that the Chairman, Vice- Chairman, and Secretary of the HRA be elected at this meeting. Officers for the years 1987-1990 are as follows: 1987 1988 Thomas Harms, Chairman Thomas Harms, Chairman Vern Luettinger, Vice-Chair Vern Luettinger, Vice-Chair Joan Helmberger, Secretary Joan Helmberger, Secretary 1989 1990 Thomas Harms, Chairman Thomas Harms, Chairman Vern Luettinger, Vice-Chair Vern Luettinger, Vice-Chair Joan Helmberger, Secretary Joan Helmberger, Secretary Recommendation Motion: Elect officers for the year 1991. Basis for Recommendation: 1. The bylaws of the HRA require that such an election be held at the annual meeting in January of each year. Alternative Recommendation: Do not hold the election. However, this would be in contradiction to the HRA bylaws. Discussion/Decision Mode: This item has been scheduled for the January 22, 1991 HRA meeting in accordance with the HRA bylaws. Respectfu y submitted, Jame Prosser Exe ive Director JDP:dkh