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09-21 HRA Regular HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting September 21, 2020 CALL TO ORDER The meeting was called to order by Chair Supple at 7:00 p.m. via Webex. HRA Members Mary Supple, Chair; Sue Sandahl; Maria Regan Gonzalez; Pat Elliott Present: and Erin Vrieze Daniels. HRA Members Absent: None. Staff Present: Katie Rodriguez, City Manager; John Stark, Executive Director; Julie Urban, Housing Manager; and LaTonia DuBois, Administrative Assistant. Others Present: Rebecca Kurtz, Ehlers; Adam Seraphine, NHH Properties; Kate Blum- Wise, DJR Architecture; Mick Stoddard, DJR Architecture; Daniel Oberpiller, NorthBay. OPEN FORUM Chair Supple provided the phone number for live comments. Caller Ruane Onesirosan, 2421 65th Street West, inquired about funds available through the Cares Act and about how one could access funds for businesses. Chair Supple explained this would be discussed at the Economic Development Authority meeting which will follow the Housing and Redevelopment Authority meeting. APPROVAL OF THE MINUTES M/Elliott, S/Regan Gonzalez to approve the minutes of the regular Housing and Redevelopment Authority meeting of August 17, 2020 Motion carried 5-0 Item #1 APPROVAL OF THE AGENDA M/Vrieze Daniels, S/Elliott to approve the agenda. HRA Meeting Minutes -2- September 21, 2020 Motion carried 5-0 Item #2 APPROVAL OF THE CONSENT CALENDAR Executive Director Stark presented the consent calendar. A) Consider adoption of a resolution approving Collateral Assignment of the Tax Increment Financing Note and Subordination of the Right to Repurchase in the Contract for Private Development for the Cedar Point II townhomes. (Staff Report No. 28). RESOLUTION NO. 1368 RESOLUTION APPROVING A SUBORDINATION AGREEMENT WITH BRIDGEWATER BANK AND ASSIGNMENTS OF TAX INCREMENT REVENUES NOTES B) Consideration of a Grant Compliance Agreement with Cedar Point Investments, LLC regarding a community homeownership impact Fund Award for RF64 townhomes. (Staff Report No. 29). RESOLUTION NO. 1369 RESOLUTION APPROVING GRANT COMPLIANCE AGREEMENT WITH CEDAR POINT INVESTMENTS LLC C) Consider an adjustment to the payment standard for the Section 8 Housing Choice Voucher Program. (Staff Report No. 30). M/Elliott, S/Sandahl to approve the consent calendar. Motion carried 5-0 Item #3 CONSIDERATION OF ITEMS, IF ANY, REMOVED FROM THE CONSENT CALENDAR None. Item #4 CONSIDER THE RESOLUTION APPROVING A MODIFICATION TO THE REDEVELOPMENT PLAN AND APPROVAL OF TAX INCREMENT FINANICNG PLAN FOR THE INTERNAL LOAN FOR ADVANCE OF CERTAIN COSTS IN CONNECTION WITH THE 2020-1 TAX INCREMENT FINANCE DISTRICT (HENLEYII). (S.R. NO. 31). Executive Director Stark presented staff report No. 31 Rebecca Kurtz, Ehlers, provided additional information regarding the Tax Increment Finance District. HRA Meeting Minutes -3- September 21, 2020 M/Regan Gonzalez, S/Elliott, to approve a resolution adopting a modification to the redevelopment plan and approval of a Tax Increment Financing plan for the 2020-1 Tax Increment (Henley II). Motion carried 5-0 RESOLUTION NO. 1370 RESOLUTION APPROVING A MODIFICATION TO THE REDEVELOPMENT PLAN FOR THE RICHFIELD REDEVELOPOMENT PROJECT; AND APPROVING A TAX INCREMENT FINACING PLAN FOR THE 2020-1 TAX INCRMENT FINANCE DISTRICT: HENLEY II M/Sandahl, S/Regan Gonzalez to authorize an internal loan for advance of certain costs in connection with the 2020-1 Tax Increment Financing District (Henley II). Motion carried 5-0 RESOLUTION NO. 1371 RESOLUTION AUTHORIZING INTERNAL LOAN FOR ADVANCE OF CERTAIN COSTS IN CONNECTION WITH THE 2020-1 TAX INCREMENT FINANCE DISTRICT: HENLEY II Item #5 CONSIDER A RESOLUTION APPROVING AN AMENDMENT TO THE CONTRACT FOR PRIVATE DEVELOPMENT FOR CEDAR POINT II DEVELOPMENT, LLC. (S.R. NO. 32). Executive Director Stark explained the need to postpone this item until Tuesday, September 29, 2020. M/Supple, S/Vrieze Daniels to table agenda Item #5 until Tuesday, September 29, 2020 Motion carried 5-0 Item #6 HRA DISCUSSION None. Item #7 EXECUTIVE DIRECTOR’S REPORT None. Item #8 CLAIMS M/Vrieze Daniels, S/Elliott that the following claims be approved: U.S. BANK 9/21/2020 HRA Meeting Minutes -4- September 21, 2020 Section 8 Checks 132110-132188 $175,192.48 HRA Checks 33884-33899 $28,483.97 $203,676.45 Total Motion carried 5-0 Item #9 ADJOURNMENT The meeting was adjourned by unanimous consent at 7:27 p.m. Date Approved: October 19, 2020 Mary B. Supple HRA Chair LaTonia DuBois John Stark Administrative Assistant Executive Director