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10-16-89 agendaHOUSING AND REDEVELOPMENT AUTHORITY HRA Letter No. 32 Agenda October 16, 1989 Issue Statement: Presentation of•the 1989 Revised/1990 Proposed Budget. Background: The 1989 Revised/1990 Proposed Budget has been prepared and is now ready for presentation to the HRA. However, at this time there is some uncertainty as to the actual tax capacity revenue that will be available to the HRA. Thus, while the programs included in the budget will likely remain unchanged for 1990 in any event, the funding formulas used to pay for the programs could change. A final figure will not be available until after October 23, 1989. The HRA could review the budget and continue the hearing for final budget approval for a time after the final levy information on October 23, 1989 is available. Recommended Motion: Adopt the 1989 Revised/1990 Proposed Budget. Basis of Recommendation: 1. The draft annual budget is completed and is ready for HRA is review and approval. 2. A notice of the public hearing has been published and posted. Alternative Recommendation: 1. The Proposed Budget may be modified. 2. The Proposed Budget may be deferred to a future meeting. Discussion/Decision Mode: This item is placed on the October agenda to allow adequate time for review and approval prior to the City's budget process and ultimate tax levy adoption. Resp ct ly submitted, Ja D. Prosser Executive Director JDP:cak HOUSING AND REDEVELOPMENT AUTHORITY HRA Letter No. 31 Agenda October 16, 1989 Issue Statement: Authorization to execute 1989 (Year XV) Urban Hennepin County Community Block Grant (CDBG) Third Party Agreements. Background: HUD has recently decided that a new document is necessary to properly administer the CDBG program. The agreements are between subgrantees and grantees, in this instance the HRA and City. In the past there have only been agreements between the County and the grantee such as the City. The Third Party Agreements spell out the procedures to be followed when expending the CDBG funds. They simply formalize on paper the procedures which have been followed during the last several years by staff. The Third Party Agreements have been prepared by Hennepin County and must be executed before Hennepin County will disperse any Year XV CDBG funds. Recommended Motion: Authorize signature of the/Third Party Agreements. Basis of Recommendation: • The Year XV CDBG Program has Council (see Attachment A). of the Third Party Agreements disperse the funds. previously been approved by the City The signature authorizing enactment would allow Hennepin County to Alternative Recommendation: None. Discussion/Decision Mode: The agreements must be acted upon at the October 16, 1989 meeting to meet Hennepin County processing deadlines. y submitted, D. Prosser tive Director L? 0 ATTACHMENT A YEAR XV COMMUNITY DEVELOPMENT BLOCK GRANT APPROVED FUNDING 1. Housing Improvement (HRA): a. Housing Rehabilitation $ 62,809 b. Scattered Site S 65,000 2. Public Service: a. H.O.M.E. $ 14,100 b. Day Care $ 20,000 • 3. Economic Development (HRA): ILN Revolving Fund $ 10,000 TOTAL $171,909 P89-3-0018F 0 0 HOUSING AND REDEVELOPMENT AUTHORITY HRA Letter No. 30 Agenda October 16, 1989 Issue Statement: Adoption of resolution authorizing the issuance of a Certificate of Completion, George E. Branton Construction Company. Background: A Development Agreement provided for the construction of eight twinhome units at the intersection of 66th Street and Rae Drive. The Agreement was dated January 14, 1986. Article IV of the agreement provides for the issuance by the HRA of a Certificate of Completion upon the satisfactory completion of all construction. Recommendation: Adopt the attached resolution authorizing the Chair and Executive Director to execute and release the Certificate of Completion. Basis for Recommendation: The development has been completed according to the Development Agreement. Alternative Recommendation: Do not adopt the resolution. However, this prevents the Rae Drive Homeowners Association from having clear title to the common areas they own and maintain. Discussion/Decision Mode: With work completed and HRA authorization secured, staff will prepare the appropriate documents for filing with the Hennepin County Registrar. Submitted, D. Prosser tive Director 40 • HRA RESOLUTION NO. THE HOUSING AND REDEVELOPMENT AUTHORITY, IN AND FOR THE CITY OF RICHFIELD, MINNESOTA RESOLUTION RELATING TO AUTHORIZING A CERTIFICATE OF COMPLETION FOR RAE DRIVE TOWNHOMES WHEREAS, The Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (HRA) entered into an Agreement with George E. Branton Construction Company (Developer), dated January 14, 1986; and WHEREAS, the Agreement obligated the Developer to construct certain improvements to property as identified in that Agreement; and WHEREAS, Article IV of the Agreement requires the HRA to furnish a Certificate of Completion upon completion of construction; and WHEREAS, the Agreement establishes the form for the Certificate of Completion in Exhibit E-2; and WHEREAS, staff has verified that construction has been completed in accordance with the Agreement. • NOW, THEREFORE BE IT RESOLVED, by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota; as follows: That the Chair and Executive Director are directed to execute and arrange for the proper disposition of the Certificate of Completion. ATTEST: Thomas E. Harms, Chairperson Joan Helmberger, Secretary is • CERTIFICATE OF COMPLETION-FINAL Exhibit E-2 The undersigned hereby certifies that George E. Branton Construction Company has fully and completely complied with its obligations under Article IV of that document entitled "Development Agreement," dated the 14th day of January, 1986 between the Housing and Redevelopment Authority in and for the City of Richfield (HRA) and George E. Branton Construction Company (Developer) with respect to construction of the Improvements in accordance with the approved construction plans and is released and forever discharged from its obligations to construct under such above-referenced Article. DATED: October 16, 1989 By HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD, MINNESOTA By Its Chairperson STATE OF MINNESOTA ) • ) SS. COUNTY OF HENNEPIN ) Executive Director The foregoing instrument was acknowledged before me this 16th day of October, 1989, by Thomas E. Harms and James D. Prosser, the Chairperson and Executive Director of the Richfield HRA, a Minnesota public body corporate and politic, on behalf of the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota. Notary Public