06-01-81 agenda
CITY OF RICHFIELD, MINNESOTA
Office of City Manager
Council Letter No. 185
Agenda June 1, 1981
The Honorable Mayor
and
Members of the City Council
City of Richfield
Council Members:
Subject: Cedar Avenue Redevelopment Potential
A few weeks ago, council members received a copy of a report
which examined several issues related to the redevelopment potential
of the area adjacent to the 66th Street and Cedar Avenue inter-
section. That report was prepared by the Technical Advisory
Research Service of the League of Minnesota Cities (TARS).
The TARS report discusses the redevelopment potential of the
Cedar Avenue Liquor Store site. However, it also addresses a
strategy for using development of the liquor store site as a
lever for funding renewal activities in the area north of 66th
Street on Cedar Avenue.
On July 21, 1980, the HRA discussed goals for 1980-81. At
that time, it was suggested that the area of 66th Street and Cedar
Avenue, especially the mixed land use area to the north, should
be studied for possible renewal activities. The TARS report
suggests alternatives to achieve this goal.
The report will be presented for discussion at the June 1,
1981 city council meeting. The LMC personnel-that worked on the
report will be present at that meeting.
Respectfully submitted,
,~'
Karl Nollenberger
City Manager
KN/eja
cc: Community Development Director
Housing and Redevelopment Director
CITY OF RICHFIELD, MINNESOTA
Office of C ity Manager
Council Letter No. 184
Agenda June 1, 1981
The Honorable Mayor
and
Members of the City Council
City of Richfield
Council Members:
Subject: Selection of Developer for L/H/N
Multi-Family Site
At the May 18, 1981 HRA meeting, the HRA heard two proposals
for development of the site designated for development of multi-
family housing (southeast corner of 66th Street/Lake Shore Drive
intersection). The Knutson Companies had originally proposed to
develop a cooperative housing project for people 60 years of age
and older. In December, 1980, Congress modified the rules for
the financing which had been contemplated for this development,
and the project became impractical. Because of Knutson's continued
interest in the site, they have now presented a proposal to con-
struct 168 condominium units, to be marketed to generally the same
age group as the coop. Construction would begin in the fall of
1981.
A second proposal for development of the site was presented by
McKinley-Brustad. They contemplate construction of 198 units of
rental housing to begin in the spring of 1982.
It is my recommendation that the council select the proposal made
by the Knutson Companies because it best meets the needs of the
community at this time, which is to provide alternative housing
ownership options for the city's senior citizens. However, this
recommendation is based on successfully concluding negotiations
on a developer's agreement. The major points on which agreement
must be reached are the sale price of the land and the method of
payment, date of closing and construction start, number of units
and height of building, liquidated damages to the HRA if the pro-
ject fails prior to construction, and a tax increment guarantee.
At the June 1, 1981 meeting, the city council will be presented
with a developer's agreement which addressed the major points ident-
ified above. It is recommended that the city council authorize the
City Manager and the Mayor to enter into this agreement.
Respectfully submitted,
Karl Nollenberger
City Manager