01-31-1977 Special
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HOUSING AND REDEVELOPMENT AUTHORITY
OF RICHFIELD, MINNESOTA
Special Meeting of January 31, 1977
A special meeting of the Housing and Redevelopment Authority of the
City of Richfield on the Lyndale/Hub/Nicollet Tax Increment Redevelopment
District was held on January 31, 1977 in the council chambers of the city hall.
The meeting- was called to order by Commissioner Law, Chairman.
Present: Anderson,. Jacobsen, Ludeman, Luettinger, Law
Absent: None
1. L/H/N General Progress Report
The planning director reviewed the Woodlake multi-residential housing proposal
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with the Authority and the progress being made on securing a developer for the
department store site.. He ended his report by noting that the acquisition and
relocation programs were on schedule for the. public improvements project.
Peter Jarvis of BRW reported that the final drawings for the L/H/N public im-
provements were also proceeding on schedule and that the County had approved
the preliminary plans and the trees in the median. He then discussed the phasing
of the work in the L/H/N, noting that Lyndale Avenue will have to be delayed
until 1.978 to secure Federal Aid Urban Funds. It does appear certain that the
city can receive $200, 000 from this source; but the FAU process requires. a
year's time to complete. The HRA agreed that the FAU funding was significanC
enough to warrant a time delay.
The authority also discussed the traffic problem on 66th Street west of
Lake- Shore Drive.. Staff was requested to meet with the people in the area
to discuss the problem and try to improve the traffic situation.
HRA Minutes -2- January 31, 1977
2. Developer Proposal Process
Executive Director Wayne S. Burggraaff and the city attorney outlined the
process which must be followed to resell land in a redevelopment project. Below
is an outline of a tentative schedule presented at the meeting:
1. Establish reuse price 1/31/77
2. Advertise for proposals 3/ 1/77
3. Evaluate proposals 4," 1/77 through 5/23/77
4: Presentation to HRA 5/23/77
5. Public hearing on land sale 6/13/77
6. Sign agreement 6/15/77
7. Assemble land 6/15/77 through 7/1/78
8. New Construction 7/ 1/78 through 4/1/79
9. Grand opening 4/ 1/79
Rezoning would be accomplished through a PUD, which would be done
be done concurrently with the acquisition. Consideration was given to the
interest which has been expressed by two pote*~tial firms for development of
the department store site., It was indicated that K-Mart had expressed
continuing interest and had proceeded to the point of developing proposed site
plans. Chairman Law reviewed the several conferences and conversations
which have been held with Powers Department Store representatives, but
indicated a final decision had not yet been made by Powers as to their interest
in pursuing this site .
"-"• ~ It was concluded by ~cotnmissioriers that=lt ~ivotrl'd~=be des.~ab~e td urge an early
decision by Powers so that the HRA"would be in a position-to make necessary
d~ecisions~ in the relatively near- future :• ~ ; `
Motion by Anderson, seconded by Ludeman that the Authority authorize
the _~Chair~an to send a letter to .Powers De=pa~rtrrient Store indicati-rig -the position
of the HRA and the need for a decision concerning 'Pow2r's iriterest in this site.
All ayes -Carried.
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• HRA Minutes
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January 31, 1977
Motion by Jacobsen, seconded by Anderson that there be an item on the
February 28,1977 HRA agenda to authorize advertising for redevelopment proposals
on the department store site.
All ayes -Carried.
In an additional discussion on department store site marketing, real estate
marketing consultant Bill Crear indicated that in his opinion the city should
pursue the K-Mart alternative as a desirable prospect of development of this
site .
3. Resale Price of Department Store Site
The Executive Director reported that it would be necessary for the HRA
to establish a price for the land contained in the department store site. Information
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on resale appraisals was discussed. In addition staff members indicated that
the figure of $2.88 per square foot had been used in preliminary discussions
with both K-Mart and Powers .
Motion by Ludeman, seconded by Luettinger that $2.88 per square foot be
established as the authorized asking price for the department store site.
All ayes -Carried.
4. Preliminary Review of K-Mart Site Plan
The planning director and Peter Jarvis reviewed the K-Mart site which
has been financed by Financial Properties, Inc. for city consideration. Mr.
Jarvis noted changes which had been made to date in accordance with previous
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staff reaction. It was the consensus of the Authority that the following five
items should be discussed further with the developer:
HRA Minute s
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-4- January 3;,1977 --
1. The most easterly curb cut into the parking lot from
65th Street should be moved further west away from
the intersection with Lyndale Avenue.
2. The architectural treatment of the garden shop should be
further refined so that it is both aesthetically more pleasing
and more integrally part of the building.
3. The loading dock and compacter pad should be enclosed
and made a part of the main structure.
4. Trees should be added to the parking lot so as to visually
dissect the lot diagonally.
5. Concrete islands should be added ~at the end of each row
of parking in the lot. .
Staff agreed to obtain pictures and information about other K-Mart locations
in the metropolitan area and transmit this information to HRA rremhers as soon
as possible.
5. Adjournment
Motion by Anderson, seconded by Jacobsen that the meeting be adjourned.
All ayes -Carried. Time: 9:15 p.m.
Date Approved: February 14, 1977
ren L. Law Chairman
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Ivan Ludeman Secretary
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