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09-18-89 agendaHOUSING AND REDEVELOPMENT AUTHORITY HRA Letter No. 29 Agenda, September 18, 1989 Issue Statement: Setting date for HRA Budget Hearing for 1989 Revised/1990 Proposed Budget. Background: Each year the HRA conducts a budget hearing process for the revised current year and proposed current year budgets. The budget preparation process for the HRA for the 1989 Revised and 1990 Proposed Budgets are somewhat modified due to the change in the Truth in Taxation Law and the ultimate change in the certification dates by the Commissioner of Revenue. It is recommended that October 16, 1989 at 7:00 p.m. be the appointed time for this year's Budget Hearing. The proposed HRA levy has previously been approved by the City Council as part of the City's total proposed levy for 1990. Recommended Motion: Establish October 16, 1989 at 7:00 p.m. as the appointed time for the 1989 Revised/1990 HRA Budget Hearing. Basis for Recommendation: • 1. The regular meeting date in October for the HRA would fit into the City's 1990 budget adoption process. 2. The proposed budget has been prepared and is ready for HRA consideration. Alternative Recommendation: The HRA could select an alternative date for the HRA Budget Hearing. Discussion/Decision Mode: Action to select a budget date should be taken at the current HRA meeting so that adequate time is available to make proper notification of Budget Hearing dates. Respect ully submitted, Jame Prosser Exec ive Director JDP:ff 0 HOUSING AND REDEVELOPMENT AUTHORITY HRA Letter No. 28 Agenda, September 16,'1989 Issue Statement: Termination of Section 8 Program Fiscal Agent Services Agreement. Background: In 1988, the Richfield HRA, began to develop its own Section 8 program. In November, 1988, to ease the initial administrative burden, staff was authorized to use the Metropolitan Council HRA (Metro HRA) to perform the following fiscal tasks required for program administration: - prepare all HUD budget and requisition forms - issue monthly housing assistance payments, and - prepare other reports required by HUD and related internal reports that assist with program monitoring. The services were provided under a fiscal agent agreement. The Metro HRA service costs are projected at $7,040 for calendar year 1989, and $3,600 for the close out of 1989 during the first three • months of 1990. The agreement may be terminated by a 90 day written notice by either party to the other. Because the end of the fiscal year is December 31, it was appropriate for staff to evaluate terminating the agreement. Two options were considered: 1) Continue the service. Metro HRA has provided the service in a cooperative and timely manner. (Staff has been able to focus on other administrative activities which could only be accomplished internally). 2) Discontinue the service and internalize the fiscal functions. Recommended Motion: Internalize fiscal functions by adopting the attached resolution which authorizes the Chairman and Executive Director to take those actions necessary to discontinue the Metro HRA services with the close out of the 1989 fiscal year. The services of Metro HRA would be utilized during the first quarter of 1990 only to the extent required by HUD to close out fiscal 1989. Beginning with 1990 fiscal year tasks, Richfield staff would assume the responsibility. Basis of Recommendation: • 1. The most appropriate time to internalize the fiscal functions is at the beginning of a new fiscal year. 2. By the end of 1989, staff will have the necessary training • and knowledge. Recently acquired hardware and software have provided the processing capability to perform the tasks. 3. In cooperation with the Finance Division internal accounting and financial management practices will be formulated so that: a) HUD program requirements can be met. b) Compliance with laws and regulations regarding data confidentially can be assured. c) Monthly housing assistance payments can be generated by blending HUD/HRA needs with Finance Division procedures. 4. The finance work can be accomplished internally at a lower cost than the fee charged by Metro HRA. Alternative Recommendation: 1) Continue the Metro HRA services. 2) Continue with another fiscal agent. 3) Defer action to a later time. • Decision/Discussion Mode: Notification to Metro HRA by September 29, will comply with the 90 day notice provision of the agreement. Respect y submitted, James rosser Executi• Director JDP:sae F_ r -I LJ RESOLUTION NO. THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD, MINNESOTA RESOLUTION RELATING TO THE SECTION 8 VOUCHER PROGRAM AND FISCAL AGENT SERVICES • WHEREAS, the Housing and Redevelopment Authority in and for The City of Richfield, Minnesota (HRA) has initiated an independent Section 8 Voucher Rent Assistance Program; and WHEREAS, a component of the program is fiscal services including, but not limited to, the preparation of Department of Housing and Urban Development (HUD) budgets, financial requisition and reporting forms, monthly housing assistance payments, and related documents; and WHEREAS, The Metropolitan Council HRA (Metro HRA) in accordance with a fiscal agent agreement has provided those services; and WHEREAS, the HRA has evaluated program needs and resources and determined that those services may be provided internally beginning with the 1990 fiscal year on January 1; and WHEREAS, a change in the fiscal agent agreement requires a 90 day notice; and WHEREAS, to properly complete 1989 fiscal year requirements imposed by HUD, Metro HRA services should be retained through March, 1990. NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota, as follows: 1. That the Chairman and Executive Director are authorized to take those actions necessary to discontinue the Metro HRA fiscal agent service with the close-out of the 1989 fiscal year in March, 1990. 2. That the Richfield HRA staff is directed to assume responsibility for fiscal services beginning with the 1990 fiscal year on January 1, 1990. U Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota, this 18th day of September, 1989. Thomas E. Harms, Chairperson ATTEST: Joan Helmberger, Secretary • F-- r -I LJ . HOUSING AND REDEVELOPMENT AUTHORITY HRA Letter No. _.- 27 Agenda, September 18, 1989 Issue Statement: Authorization to extend Energy Program Agreement. Background: Since 1985, Richfield has contracted with the Self Reliance Center (SRC) to deliver "Bundle Up Richfield" energy program services. The current agreement with SRC, which was authorized by the HRA in September, 1988, expires September 30, 1989. SRC has provided approximately 1,600 audit and 190 housedoctor types of services during our long relationship. Approximately 50 audit recipients had furnaces which tested positive for inappropriate carbon monoxide gas levels and were able to take corrective action because of SRC's evaluation. Also, SRC is the audit contractor which has been responsible for the audit service which earned Richfield both state and national awards of excellence during 1987 and 1988. The present agreement, and proposed extension includes appropriate insurance, liability, and hold harmless provisions. SRC personnel operate in accordance with a professional auditor code of ethics, state certifications, and performance standards • required by HRD staff. The scope of services delivered by SRC are funded by Northern States Power (NSP) as required by the Minnesota Public Utilities Commission (MNPUC). Services include energy audits, called the Home Energy Checkup (HEC) and a pilot project called the Continuing Support Home Energy Checkup (CS/HEC). The CS/HEC allows auditors to return to a home at the request of a resident to evaluate the effectiveness of owner initiated energy conservation improvements. At the present time, approximately 30 requests for HEC's are waiting to be serviced. It is expected that approximately 50 requests for HEC's will be received each month during the remainder of 1989. The funding of the anticipated services represents a contribution of approximately $24,775 from NSP. Homeowners pay $10. The HRA provides staff support. However, NSP recently proposed to the MNPUC a change in services to start January 1, 1990. A memorandum to the HRA dated August 16 discussed the situation further. To summarize: - a funding cut of one-third per audit service is proposed; the cut would reduce the quality and effectiveness of • the audit; the MNPUC is considering the NSP request; • - staff is anticipating an opportunity, during a public commenting period later in September, to respond with our concerns to the NSP Proposal. This possible change in scope of services is not covered by the existing agreements with SRC. Nor, can it be determined at this time what the scope of services will be while the MNPUC considers the NSP request. Thus, there is an interim period from October 1, 1989 to January 1, 1990 for which services remain unchanged and an extension of the existing agreement with SRC is a practical response. Staff would return to the HRA when sufficient service information is available to deal with program delivery in 1990. Recommended Motion: Authorize the extension of an agreement with SRC to provide continuous service through the end of 1989. Basis of Recommendation: 1. The present agreement expires September 30. 2. Authorization will allow the Richfield Energy Program services to continue uninterrupted to January 1, 1990. • 3. SRC is familiar with the Richfield Energy Program services and is one of the few contractors with the knowledge, ability and staff to provide the needed services. 4. Legal Counsel has reviewed the agreement and drafted the extension document. Alternative Recommendation: Not approve the extension of the agreement. However, resident service would be interrupted. Decision/Decision Mode: If the extension is authorized, the agreement would be executed to provide uninterrupted service. Respec lly submitted, James Prosser Exe13." eve. irector JDP:sae 0 RESOLUTION NO. THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD, MINNESOTA RESOLUTION RELATING TO PROVIDING ENERGY PROGRAM SERVICES WHEREAS, the Home Energy Checkup (HEC), and the Continuing Support Home Energy Checkup (CS/HEC) are elements of the HRA's "Bundle Up Richfield" activities; and WHEREAS, the Self Reliance Center (SRC) delivers these services to Richfield residents based on an agreement with the HRA; and WHEREAS, the existing agreement will expire on September 30, 1989; and WHEREAS, Northern States Power (NSP) funds the Richfield HEC and CS/HEC as required by the Minnesota Public Utilities Commission (MNPUC); and WHEREAS, NSP has proposed changes in its funding of services effective January 1, 1990; and WHEREAS, an interim period exists from September 30, to December 31, 1989 during which current services need to be provided to Richfield residents. NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Richfield as follows: The Executive Director and Chairperson are authorized to take actions with SRC which extends Richfield Energy Program services to Richfield residents through December 31, 1989. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield this 18th day of September, 1989. Thomas E. Harms, Chairperson ATTEST: Joan Helmberger, Secretary HOUSING AND REDEVELOPMENT AUTHORITY • HRA Letter No. :26 September 18, 1989 Agenda Issue Statement: Authorization to acquire 6321 Morgan Avenue South. Background: The HRA has utilized the Voluntary Acquisition Program since 1980 to acquire substandard properties for redevelopment. The Vo-Tech or private developers have developed these sites with new housing units for moderate income families. The Morgan Avenue property is owner occupied, substandard as to structure location and has deferred maintenance. The owner, through participation in the Voluntary Acquisition Program, has indicated an interest in selling the property to the HRA. The property has a 1989 assessed value of $38,700. An independent appraiser valued the property at $32,000. Staff has negotiated a purchase price of $32,000 pending authorization by the HRA. The one bedroom structure is located at the back of the lot and has approximately 670 sq. ft. on one level. The owner, Pearl Raffit, is seeking a change to an apartment living arrangement. • The HRA would be responsible for site clearance and property maintenance following acquisition. The 1989 Revised/1990 budget, provides $6,000 to clear the site (source: CDBG XV), $600 for legal work to acquire (source: CDBG XV) and $100 for property maintenance and insurance (source: proceeds of sale of 1989 Vo- Tech project). The property would be tax exempt until development is completed. It is anticipated that Vo-Tech will build a new house on the site starting in the Spring, 1990. A finding by the Planning Commission that acquisition and disposition of the property for single family purposes is in conformance with the comprehensive plan, is pending at their meeting of September 26, 1989. An HRA authorization to acquire is contingent on the finding. Recommended Motion: It is recommended that the HRA adopt the attached resolution which authorizes the Chairperson and Executive Director to enter into a purchase agreement and take other actions necessary for the HRA to acquire the property at 6321 Morgan Avenue South for $32,000. Basis for Recommendation: 1. The property owner is interested in selling to the HRA through the Voluntary Acquisition Program. i 2. The property qualifies for acquisition in accordance with the Voluntary Acquisition Program Guidelines. • 3. Funds have been budgeted for acquisition, clearance, and maintenance. 4. The subject property is the only one offered at this time which can be purchased given the funds available. Alternative Recommendation: The HRA can choose not to acquire the property. However, staff presently has no alternative for the timely expenditure of CDBG funds and the development of a future Vo-Tech project. Any alternative will not be less costly to acquire. Discussion/Decision Mode: Delay of action will prolong poor housing conditions for the seller. Pending HRA authorization and the Planning Commission finding, the property could be acquired September 29, 1989. Respectful 4y submitted, James r'e osser Executirec tor JDP:sae 0 0 RESOLUTION NO. THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD, MINNESOTA AUTHORIZING THE ACQUISITION OF 6321 MORGAN AVENUE SOUTH WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (HRA) acquires property, relocates occupants, and builds and rehabilitates structures for residential purposes; and WHEREAS, the HRA desires to acquire the real property at 6321 Morgan Avenue South, legally described as: Lot 19 and the North 20 feet of Lot 18, Block 9 Rays Lynnhurst Addition, Hennepin County; and WHEREAS, the owner of 6321 Morgan Avenue South, Pearl M. Raffit, has volunteered to sell her property for $32,000; and WHEREAS, Community Development Block Grant (CDBG) funds will finance the acquisition of this parcel; and WHEREAS, acquisition of the property is pending a September 26, 1989 Planning Commission finding that acquisition and disposition of this parcel for residential purposes is consistent with the Comprehensive Plan. NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Richfield Minnesota, as follows: That the HRA Chairman and Executive Director are authorized to take necessary actions to purchase the property located at 6321 Morgan Avenue South for $32,000. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield this 18th day of September, 1989. Thomas E. Harms, Chairperson ATTEST: Joan Helmberger, Secretary 0 • HOUSING AND REDEVELOPMENT AUTHORITY HRA Letter No. 25 Agenda, September 18, 1989 Issue Statement: Adoption of resolution establishing just compensation and authorizing the purchase of 7644 Aldrich Avenue, 7644 Bryant Avenue, 7645 Dupont Avenue, and 7612 Emerson Avenue. Background: In the fall of 1985, the Interstate/Lyndale/Nicollet (ILN) Redevelopment and Tax Increment Financing Plan (Plan) was approved. The purpose of the Plan was to establish a long range strategy for redevelopment of the area. The Plan, in accordance with statutory authority, authorized the HRA to undertake site assembly activities. An integral part of the Plan provided for separation of the residential and commercial uses through the upgrading of 77th Street. The initial implementation of the Plan began in 1987 when the HRA authorized the purchase of property east of Lyndale Avenue. These acquisitions permitted the installation of public improvements adjacent to 77th Street. The City Council has recently authorized the expenditure of Municipal State Aid (MSA) revenues for purchase of additional property west of Lyndale Avenue. MSA funds are derived from state gasoline tax revenues. MN Dept. of Transportation (MNDOT) • makes the funds available to cities. The funds may be used for a variety of activities related to construction of new roads and maintenance of existing roads. In this situation, the money will be used to purchase right-of-way, and pay relocation benefits. Site clearance and road construction will be dealt with later. To implement the upgrading of 77th Street, it will be necessary to purchase sixteen homes, (see attached map). In May and June, the HRA authorized the purchase of eight homes. To date, seven are owned by the HRA. A purchase agreement has been signed on the eighth property. Title issues have delayed one closing. During July, four additional owners indicated an interest in selling. MNDOT rules prescribe the process to be followed when purchasing property. The four properties were appraised by Mark Hoffman and Bill Chase of Chase-Brackett Company. A certified review appraiser, Mr. Don Hennessy, reviewed the appraisal reports and concurs with the analysis and the value conclusion for each property. He has recommended setting just compensation at the values indicated in the resolution which total $353,000. (See Attachment B for description of property). Residents in these homes would also be eligible for relocation benefits as required by state statute and MNDOT procedures. Staff is studying the future use of these homes once they are purchased. Some owners will likely move quickly, others may wish • to stay for a period of time. For those desirous of staying, rent would be charged at a rate so the former owners could be made responsible for maintenance activities. For the longer • term, staff is exploring the feasibility of utilizing the structures at scattered sites within the City. Recommended Motion: Adopt the attached resolution which sets just compensation and authorizes staff to negotiate and purchase the property at the values indicated. The Executive Director and HRA Chairperson are authorized to execute purchase agreements in the amount of just compensation. Basis of Recommendation: 1. The properties have been identified for acquisition in the approved Plan. 2. MSA funds are available for the acquisition. 3. The owners have voluntarily indicated an interest in receiving an offer to purchase . 4. Applicable MNDOT procedures are being followed. 5. It is consistent with recent previous HRA action which has authorized the purchase of eight homes. Alternative Recommendation: Not authorize negotiations and purchase. Discussion/Decision Mode: These owners are anxious to complete the acquisition and • relocation process before winter. Respect -fully submitted Ja eesD. Prosser Ex e Director JDP:sae RESOLUTION NO. THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD, MINNESOTA RESOLUTION ESTABLISHING JUST COMPENSATION AND AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT 7644 ALDRICH AVENUE 7644 BRYANT AVENUE 7645 DUPONT AVENUE 7612 EMERSON AVENUE WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (HRA) desires to purchase certain real property pursuant to and in furtherance of the ILN Redevelopment Project (Project) heretofore adopted by the City of Richfield (City) and the HRA, said real properties being described as follows: Lot 8, Lundberg and Carlson Addition (7644 Aldrich Avenue); Lot 8, Lovo Addition (7644 Bryant Avenue); That part of the West 1/4 of Northwest 1/4 of the Southeast 1/4 of Southeast 1/4 lying South of the North 558 (7645 Dupont • Avenue); The South 50-1/2 feet of the North 212 feet of the East 1/2 of the West 1/2 of the Northeast 1/4 of the Southwest 1/4 of the Southeast 1/4 (7612 Emerson Avenue) WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to acquire real property within its area of operation; and WHEREAS, the Project identifies the location of these properties as the site for public improvements to be constructed by the city; and WHEREAS, the HRA is acquiring these properties on behalf of the city to permit the installation of public improvements; and WHEREAS, the HRA has caused appraisals of the subject properties to be made by a qualified independent professional real estate appraiser to determine its fair market value; and WHEREAS, a Certified Review Appraiser has reviewed the appraisal reports, and has prepared a written report setting forth his opinion as to fair market value; and • WHEREAS, the funds are available from the Municipal State Aid (MSA) made available by the state to the city. • NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and Redevelopment Authority in and for the City of Richfield, Minnesota, as follows: 1. That just compensation is determined to be as follows: 7644 Aldrich Avenue $85,000 7644 Bryant Avenue $78,000 7645 Dupont Avenue $92,000 7612 Emerson Avenue $98,000 2. That the Executive Director is authorized and directed to commence negotiations for the purchase of said real properties. 3. That the Chairman and Executive Director are authorized to execute a Purchase Agreement for the amount of just compensation set forth in this resolution. 4. That the Executive Director is hereby directed to notify in writing the owners of subject properties as soon as possible that the HRA intends to acquire his/her property. • 5. That the conveyance of title to said real properties to the city at the appropriate time is hereby authorized. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 18th day of September, 1989. Thomas E. Harms, Chairman ATTEST: Joan Helmberger, Secretary 0 7644 Aldrich Avenue ATTACHMENT B Single family rambler; wood shake exterior; about 34 years of age; finished basement with family room, fireplace, wet bar and 3/4 bath; first floor contains 3 bedrooms, bath, living room, dining area and kitchen/dinette; fireplace in living room. 7644 Bryant Avenue Single family rambler; vinyl exterior siding; about 35 years of age; partially finished basement with a fake brick fireplace, no access from basement to garage; first floor contains living and dining rooms, three bedrooms, kitchen/dinette and bath; brick fireplace in living room. 7645 Dupont Avenue Single family rambler; aluminum exterior siding; about 33 years of age; basement unfinished; first floor contains 3 bedrooms, living room, updated kitchen and dining room, and bath; two fire places and central air. Also included is a solar collector for heating water. 7612 Emerson Avenue Single family expansion bungalow; brick and aluminum exterior; about 48 years of age; basement finished with 5 rooms including den, family room, 3/4 bath, laundry and mechanical room; first • floor contains a living room with brick fireplace, dining room, updated kitchen, 2 bedrooms and a bath. The second floor expansion was recently remodeled and includes a master bedroom. U ];[3101010 Dlli D O'O C30 0 0 0 I 0 I °. °1 0101 Ia1°1°101 og any cu.,0 T -rT-I 10 10 10 101 Di 0-r=-? + + +-I I I !°1°10101 ? ? og a+Y ?a„;.? 1 + +++? I I ! I j ! T7 01 i-.-..???.?{ C3 CA I o, . -TTT--7L'-- clap 0101010101 ?i 0101 MUG C3131 13; ;E3 y D??'?? 0 1313 TT---T- a'IOTOro 00-A3I -..? 7 a10 a O'Obi ! Cl a 010 I ° !°101 °I?661 cS anY u??+olr IQ?O'QO ??OIOP 0X3 II+.?.+.4t+-I 1OD i C30160101061061 L-i-111111.11 'and ire .g p; °'a0o?0T aa?f io°Oi?IDiaialn 1? 1O n' ?;_1?_11iLli ? a^y Deno 1(3dC3 6-1. "C 3T3 013' I r. t- t_ . a-+++±? a dOIDIQI I C jOI?CQ 1 L_i?_ 11_ 1..i1?1 am :u na rt - ?T- _ - r TT-77-TTT? O1 Q A10p? a' ilaGa;go,oialC3100 tD l fr?lrt-? F }rt- t++4f-4- 0b1 i ?1?1 i C310,60166011310 .06 a^Y acs ?aw3 rTT--J--TT_'rTr._ - ggca ia.CIIZ wir 131QO1?1O 1a1 I I ?S a^v ??ow.y a;alo>orlO °Pona0?oQo +TLt+? T7 ?* n1?t++ X010 '01010101 ;010 '3D1DfID1?'D? - - -?- ?---7TH ? JOI q C31 C3 . p 9o1°I°IDPI . - T?- ?7-L+ 1+-1-+/ ?? i I 0 Io1o ID 01 yr Li- -`4-D+C1+0+0-A! C O iD 1D ID ID ID a 1 T T T T T T- 0 10 10 10 1° Q P -+-4-++++ Oi0??'13'C3'0 ooclDla 010 10 10 10 10 ;? I " 1 ID I L?-.?. L- i .IQ 'an.a -"A, rte- ????^ t I L01??D? D1O1?I 1-TT'"? T TT C31OID10,C3 10;0 QIaIQIQIQID L - LL -I- LL FTTTTT7- 1 ?1o;C3 C3 IQIolo ' 4- C310 C3 C3'0 ID 'D rp;0.0;0 0 00 ::: F- -- ' -f- +- 4- 10 1010;01 0;O 0 F- -- -'TT -'"3 1 ?IO!O la 10 10 Oi 1 O'° p10 iNl3:s 0o0 0 i -T 1 O1 0 o I °°di'? 1 I o;p? o! I i I ? I / ,,O I r r ate- : ?z z 04 small I W Q N U m a G W W 3 m o O F- v d 0 m G C m ?>4 a7C 0 ? U ?3 z W LL LL O Z W N t'- W W m a N Q? = LU Uz a in 0 E3 +r W CO CL OQ / Q) o Z?0 . HOUSING AND REDEVELOPMENT AUTHORITY HRA Letter No. .24 Agenda, September 18, 1989 Issue Statement: Approval of Modification Number 2, Interstate Lyndale Nicollet Redevelopment and Tax Increment Financing Plan (ILN Plan). Background: The ILN Plan was adopted by the HRA on October 21, 1985 and approved by the City Council November 12, 1985. At the time, it was formulated to facilitate not only the upgrading of public rights-of-way but also the development proposed by C.D.R. It thus focused on 77th Street and the "Cloverleaf site". The HRA and staff are now working with The Robert Larsen Partners. It would be appropriate to begin the process of modifying the ILN Plan to facilitate the Larsen concept. Modification Number 2, places all of the property between 77th Street and 1494 from Lyndale to Emerson Avenues in the acquisition category. This identification would indicate that the acquisition of this property by Larsen would be in conformance with the ILN Plan. Such identification would also permit the HRA to acquire the property. The ILN Plan budget is not being modified at this time. If a review of that budget and the Larsen concept indicates a change is needed, a subsequent modification would be proposed. Recommended Motion: Adopt the attached resolution which approves the ILN Plan Modification Number 2. The adoption is subject to a finding from the Planning Commission that the modification is in conformance with the Comprehensive Plan. The resolution also requests the City Council to schedule a public hearing on the modification and to then approve it. Basis for Recommendation: 1. The ILN Plan was approved in late 1985. 2. The Robert Larsen concept varies from the C.D.R. concept. 3. The ILN Plan must accurately reflect the redevelopment to be pursued. Alternative Recommendation: 1. Refuse to modify the ILN Plan. 2. Delay modifying the ILN Plan. 3. Direct staff to modify the ILN Plan in a different way. 0 . Decision/Decision Mode: Modifying the ILN Plan is time consuming. If the HRA approves adoption on September 18th, a favorable response from both the Planning Commission and the City Council would mean the earliest effective date would be October 23, 1989. Delay by the HRA would prolong the effective date. Respectfull submitted, James Prosser Execut' a Director JDP:sae • 0 RESOLUTION NO. . THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD, MINNESOTA RESOLUTION APPROVING A MODIFIED REDEVELOPMENT PLAN AND TAX INCREMENT FINANCING PLAN FOR THE INTERSTATE/LYNDALE/NICOLLET REDEVELOPMENT PROJECT; REQUESTING THE RICHFIELD CITY COUNCIL TO CONDUCT A PUBLIC HEARING THEREON: RECOMMENDING APPROVAL OF THE PLANS BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota as follows: Section 1. Recitals. 1.01. The Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (HRA) adopted a redevelopment plan (Redevelopment Plan) and a tax increment financing plan (TIF Plan) for the area of the City generally known as the Interstate/Lyndale/Nicollet area (Project Area) on October 21, 1985. 1.02. The City Council of the City of Richfield (City) held a public hearing on the Redevelopment Plan and TIF Plan and approved the Plans on November 12, 1985. • 1.03. Changes in the public and private improvements proposed to be constructed within the Project Area have occurred since the time of the adoption of the Plans and have necessitated modification of the Plans. 1.04. The HRA has caused to be prepared a modified Redevelopment Plan and TIF Plan which are contained in a document entitled "Interstate Lyndale Nicollet Redevelopment and Tax Increment Financing Plan" dated September 18, 1989, and on file with the HRA. Section 2. HRA Approval. 2.01. The HRA finds that the objectives of the HRA in encouraging development and redevelopment within the Project Area will be advanced by adoption of the modified Redevelopment Plan and TIF Plan. 2.02. The modified Redevelopment Plan and TIF Plan are hereby approved and adopted by the HRA, subject to review and approval by the Richfield Planning Commission. 40 Section 3. Further Proceedina. 3.01. The executive director of the HRA is hereby authorized and directed to transmit copies of the modified Redevelopment Plan and TIF Plan to the school board of Independent School District No. 280 and the Board of Commissioners of Hennepin County for review and comment and to notify said public bodies of the public hearing to be held on the Plans by the City. 3.02. The HRA requests that the Richfield Planning Commission review the modified Redevelopment Plan and TIF Plan and comment regarding the consistency of the Plans with the City's comprehensive plan. 3.03. The HRA requests the City to hold the public hearing on the modified Plans required by Minn. Stat. Section 469.028 and Minn. Stat. Section 469.175, subd. 3 as soon hereafter as is practicable and recommends that the modified Plans be approved by the City. Section 4. Financing. 4.01. The HRA intends to request that the City assist from time to time in financing the public redevelopment costs identified in the TIF Plan by issuance of its general obligation bonds payable from the tax • increments of the TIF District. 4.02. The HRA also intends to request that the City from time to time consider various other actions necessary to the implementation of the Plans and pledges its cooperation with the City in achieving the objectives of the Plans. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 18th day of September, 1989. Thomas E. Harms, Chairperson ATTEST: Joan Helmberger, Secretary LJ HOUSING AND REDEVELOPMENT HRA Letter No. 23 Agenda, September 18, AUTHORITY 1989 Issue Statement: Presentation of the HRA Comprehensive Annual Financial Report (CAFR) for fiscal year ending December 31, 1988. Background: The City's •auditing firm of Deloitte, Haskins, and Sells has completed the audit of the Housing and Redevelopment Authority's fiscal year ending December 31, 1988. This audit is in conjunction with the audit of the City's fiscal year for the same corresponding period of time. The Comprehensive Annual Financial Report for the City of Richfield, which has incorporated within it all of the financials concerning the Housing and Redevelopment Authority, has been previously presented and accepted by the Richfield City Council. The CAFR will be submitted to HRA Commissioners at this evening's meeting without formal presentation. If HRA Commissioners have specific questions concerning the Financial Report, please contact either Steven Devich, Jean Mitchell, or myself. Recommended Motion: It is recommended that the HRA accept the Comprehensive Annual Financial Report of the HRA for the year ending December 31, 1988. Basis for Recommendation: The City's auditor has performed an audit of the HRA financial records for the year ending December 31, 1988 and is making a report to the HRA concerning compliance and internal control. Alternative Recommendation: The HRA could ask the auditors for further explanation of their findings. Discussion/Decision Mode: Action on this item is requested at the September 18, 1989 meeting. The financial data contained within the HRA Annual Financial Report has previously been submitted to the State of Minnesota pursuant to State law as part of the City's CAFR. submitted, James •Prosser Execu 'e Director JDP:ff