03-14-1994 JointCITY OF RICHFIELD, MINNESOTA
SPECIAL JOINT
CITY COUNCIL/HOUSING AND REDEVELOPMENT AUTHORITY
MEETING
March 14, 1994
CITY COUNCIL
MEMBERS PRESENT: Martin Kirsch, Mayor; Michael Sandahl; Susan
Rosenberg; and Russ Susag.
CITY COUNCIL
MEMBERS NOT PRESENT: Don Priebe.
HRA MEMBERS
PRESENT: Thomas Harms, Chair; Joan Helmberger;
Russ Susag; Vern Luettinger; and Michael
Sandahl.
PLANNING COMMISSION
MEMBERS PRESENT: Kristal Stokes, Daniel Linnihan, Tim
Erlander, Pamela Dmytrenko, and Paul Wasko.
STAFF PRESENT: James Prosser, City Manager; Byron Wallace,
Community Development Director; William
Fillmore, Liquor Operations Director; Thomas
Ferber, City Clerk; Bruce Palmborg, Housing &
Redevelopment Coordinator; and Hridget_
Walstrom, Finance Manager.
Mayor Kirsch and HRA Chair Harms called the Special Joint City
Council/Richfield Housing and Redevelopment Authority meeting to
order at 5:30 p.m.
Ytem #1 PRESENTATION OF CONCEPT PROPOSAL FOR DEVELOPMENT OF
RETAIL POWER CENTER IN ILN BY CSM CORPORATION OF ST.
PAUL. C.L. NO. 80
City Manager/Executive Director Prosser reviewed Council
Letter No. 80 regarding the presentation by CSM Corporation of a
concept proposal for development of a retail power center in the
ILN Redevelopment area.
David Garland, Murray Kornberg, Gary Tushie, Dick Grones, and
Bill Frank presented the CSM Corporation concept proposal for a
retail redevelopment project in the area bounded by Lyndale Avenue,
Emerson Avenue, I-494 and 77th Street. The concept provides for
the redevelopment of the area into 231,000 square feet of retail
space in two stages. Phase i would consist of 114,500 square feet
of retail between Emerson and Colfax Avenues and related parking.
Demolition and construction would begin this summer. Phase II
between Colfax and Lyndale Avenues would follow in 1995 and consist
of 116,500 square feet of retail and related parking. The
Special Council/HRA Minutes -2- March 14, 1994
anticipated Phase I tenants would be Best Buy, CompUSA, and
Sportmart. The anticipated Phase II anchor tenants would include
Linen'n'Things and Petsmart. CSM proposes to relocate the Emerson
Avenue Congregational Church to part of the Cloverleaf site. The
market appears to provide a window of opportunity for this project.
However, CSM stated that pay-as-you-go Tax Increment Financing
(T.I.F.) assistance is necessary for the project to be feasible.
They reviewed the status of property purchase negotiations and the
probable tenant lease status.
Discussion followed regarding time constraints, financial
issues, T.I.F., the retail real estate market, current tenants,
scheduling of actions by the HRA, Planning Commission and City
Council, land use issues, and the relationship of the concept to
future development of the Cloverleaf site.
It was the consensus of the HRA and City Council that the
concept merits consideration but that further information regarding
financial issues, timing, and the relationship of the concept to
the Cloverleaf site would be required before a decision is made.
They directed staff to proceed with obtaining this information for
the HRA meeting of March 21 at which time the HRA will review the
project for possible actions to initiate the project.
HRA Member Susag requested that the March 21 HRA meeting begin
at 6:30 p.m. due to the length of time needed for the project
review and his evening flight schedule.
It was the consensus of the HRA to change the starting time of
the March 21 HRA meeting to 6:30 p.m. instead of the regular 7:00
p.m. starting time.
ADJOURNMENT
The meeting was adjourned by unanimous consent at 6:38 p.m.
Date Approved: 3/28/94
Martin J. irsch Mayor
i~~~~ ~~~-r ,
Thomas P. Ferber Jame D. Prosser
City Clerk Ci Manager