11-16 HRA Regular
HOUSING AND REDEVELOPMENT
AUTHORITY MEETING MINUTES
Richfield, Minnesota
Regular Meeting
November 16, 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; Pat Elliott;
Present: and Erin Vrieze Daniels.
HRA Members
Absent: Maria Regan Gonzalez.
Staff Present: John Stark, Executive Director; Julie Urban, Housing Manager; Melissa
Poehlman, Assistant Community Development Director; and LaTonia
DuBois, Administrative Assistant.
Others Present: Christopher Willette, Lynk 65, LLC; Ryan Samsa, Lynk 65, LLC; Brian
Bachman, Lynk 65, LLC; Adam Seraphine, Penn Investments, LLC; Neal
Reardon, Penn Investments, LLC; and HRA Financial Consultant, Rebecca
Kurtz; Ehlers.
OPEN FORUM
No Callers.
APPROVAL OF THE MINUTES
M/Sandahl, S/Vrieze Daniels to approve the minutes of the Regular Housing and
Redevelopment Authority meeting of October 19, 2020.
Motion carried 4-0
Item #1 APPROVAL OF THE AGENDA
M/Elliott, S/Sandahl to approve the agenda.
Motion carried 4-0
HRA Meeting Minutes -2- November 16, 2020
Item #2 APPROVAL OF THE CONSENT CALENDAR
Executive Director Stark presented the consent calendar.
A. Consideration of revisions to the Housing and Redevelopment Authority’s
current Subordination Policy, last updated in 2012. (Staff Report No. 36)
B. Consideration of the adoption of a resolution approving a Subordination
Agreement related to the Cedar Point II apartments. (Staff Report No. 37)
RESOLUTION NO. 1375
RESOLUTION APPROVING SUBORDINATION AGREEMENT WITH BRIDGEWATER BANK
C. Consideration of the adoption of a resolution relating to the closing on the Cedar
Point II apartment property. (Staff Report No. 38)
RESOLUTION NO. 1376
RESOLUTION APPROVING CONVEYANCE OF PROPERTY TO CEDAR POINT
INVESTMENTS, LLC FOR PLATTING PURPOSES
M/Sandahl, S/Vrieze Daniels to approve the consent calendar.
Motion carried 4-0
Item #3 CONSIDERATION OF ITEMS, IF ANY, REMOVED FROM THE CONSENT
CALENDAR
None.
Item #4 CONSIDER A RESOLUTION APPROVING A CONTRACT FOR PRIVATE
DEVELOPMENT WITH LYNK 65, LLC (FORMERLY ENCLAVE DEVELOPMENT,
TH
LLC) FOR REDEVELOPMENT OF PROPERTIES AT 65 STREET AND LYNDALE
AVENUE AND AUTHORIZING ISSUANCE OF A TAX INCREMENT LIMITED
REVENUE NOTE. (S.R. NO. 39)
Assistant Community Development Director Poehlman presented staff report No. 39
Commissioner Vrieze Daniels inquired about how relocation is going for current tenants.
Brian Bachman, Lynk 65, LLC; provided updates regarding communications and relocation
plans for those tenants interested in relocation and future plans for communications and transitions
after HRA and Council approval of the project.
Executive Director Stark mentioned plans to bring the Displaced Business Fund proposal to
the Economic Development Authority for approval in January.
HRA Meeting Minutes -3- November 16, 2020
Chair Supple inquired about the parking ratio and plans to offer more parking than required.
Brian Bachman explained the goal to offer a higher parking ratio than required.
Assistant Community Development Director Poehlman confirmed that additional street
parking would become available in the current designs of the roundabout.
Chair Supple spoke of appreciation of affordable two bedroom units that have been
included in the development.
M/Sandahl, S/Elliott to approve a resolution approving a Contract for Private Development
with Lynk 65, LLC and authorizing the issuance of a Tax Increment Limited Revenue Note.
Motion carried 4-0
RESOLUTION NO.1377
RESOLUTION APPROVING CONTRACT FOR PRIVATE DEVELOPMENT WITH LYNK 65, LLC
AND AUTHORIZING THE ISSUANCE OF A TAX INCREMENT LIMITED REVENUE NOTE
Item #5 CONSIDER THE RESOLUTIONS APPROVING A MODIFICATION TO THE
REDEVELOPMENT PLAN AND APPROVAL OF A TAX INCREMENT FINANCING
PLAN FOR THE 2020-3 TAX INCREMENT FINANCE DISTRICT: LYNK 65, LLC
AND; AUTHORIZING AN INTERNAL LOAN FOR ADVANCE OF CERTAIN COSTS
IN CONNECTION WITH THE 2020-3 TAX INCREMENT FINANCE DISTRICT: LYNK
65, LLC. (S.R. NO. 40)
Assistant Community Development Director Poehlman presented staff report No. 40
M/Vrieze Daniels, S/Sandahl to approve the resolution modifying the redevelopment plan
and approval of a Tax Increment Financing District plan for the 2020-3 Tax Increment Finance
District; Lynk 65 and authorize an internal loan for advance of certain costs in connection with the
2020-3 Tax Increment Finance District: Lynk 65, LLC.
Motion carried 4-0
RESOLUTION NO. 1378
RESOLUTION APPROVING A MODIFICATION TO THE REDEVELOPMENT PLAN FOR
THE RICHFIELD REDEVELOPMENT PROJECT; AND APPROVING A TAX INCREMENT
FINANCING PLAN FOR THE 2020-3 TAX INCREMENT FINANCE DISTRICT: LYNK 65
RESOLUTUION NO. 1379
RESOLUTION AUTHORIZING INTERNAL LOAN FOR ADVANCE OF CERTAIN COSTS
IN CONNECTION WITH THE 2020-3 TAX INCREMENT FINANCE DISTRICT: LYNK 65
HRA Meeting Minutes -4- November 16, 2020
Item #6 CONSIDERATION OF A RESOLUTION APPROVING AN AMENDED AND
RESTATED PRELIMINARY REDEVELOPMENT AGREEMENT WITH PENN
INVESTMENTS, LLC FOR THE DEVELOPMENT OF 6501 PENN AVENUE SOUTH
AND 6500 OLIVER AVENUE SOUTH. (S.R. NO. 41)
Housing Manager Urban presented staff report No. 41.
M/Vrieze Daniels, S/Elliott to approve a resolution approving an amended and restated
preliminary redevelopment agreement with Penn Investments, LLC for the development of 6501
Penn Avenue South and 6500 Oliver Avenue South.
Motion carried 4-0
Commissioner Vrieze Daniels spoke of appreciation for extending the agreement and spoke
to the limited commercial space.
Chair Supple concurred with Commissioner Daniels regarding the limited retail space.
RESOLUTION NO. 1380
RESOLUTION APPROVING THE EXECUTION AND DELIVERY OF AN AMENDED AND
RESTATED PRELIMINARY REDEVELOPMENT AGREEMENT WITH PENN INVESTMENTS LLC
Item #7 HRA DISCUSSION
Chair Supple explained the Kids @ Home program opening for applicants.
Housing Manager Urban explained the Kids @ Home program and modifications to
guidelines, what the program offers and provided information on how to apply.
Chair Supple provided the phone number to VEAP, a program enlisted to assist people, as
well as programs available through Hennepin County.
Item #8 EXECUTIVE DIRECTOR’S REPORT
Executive Director shared information regarding the Interchange West and Lyndale
Gateway TIF District, explained some complexity with this District, the request of an analysis to be
done by Ehlers and introduced Rebecca Kurtz, Ehlers.
Rebecca Kurtz provided an update on the District and explained the findings of the analysis
conducted by Ehlers stated the District is well managed and when a modification would be
necessary.
HRA Meeting Minutes -5- November 16, 2020
Item #9 CLAIMS
M/Sandahl, S/Vrieze Daniels that the following claims be approved:
U.S. BANK 11/16/2020
Section 8 Checks 132273-132349 $173,255.92
HRA Checks 33914-33926$50,154.49
Total $223,410.41
Motion carried 4-0
Item #9 ADJOURNMENT
The meeting was adjourned by unanimous consent at 7:58 p.m.
Date Approved: December 21, 2020
Mary B. Supple
HRA Chair
LaTonia DuBois John Stark
Administrative Assistant Executive Director