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11-16-1981 CITY OF RICHFIELD .- HOUSING AND REDEVELOPMENT AUTHORITY Regular Meeting November 16, 1981 The Housing and Redevelopment Authority of the City of Richfield met in regular session on November 16, 1981 in the council chambers of the city hall at 7:30 p.m. The meeting was called to order by Chairman Thomas E. Harms. Present: Commissioners Collins, Freeman, Helmberger, Ludeman, Harms 1. Minutes Motion by Helmberger, seconded by Collins to approve the minutes of the October 19, 1981 regular meeting and the November 5, 1981 special meeting. All ayes - Carried. 2. Consideration of Developer's Agreement for Richfield State Agency and Resolutions Relating to Acquisition of Property Related Thereto Executive Director Nollenberger outlined provisions of the developer's agreement that has been negotiated between the staff and the Richfield .State Agency. Mark Swensen, of the architectural Firm BRW, presented a summary of the proposed Richfield State Agency project. Hyman Edelman, attorney representing Bjorn Hagen, asked questions regarding the relationship between Richfield State Agency and Richfield State Bank. William Kirchner responded. Mr. Edelman requested that the record show his objections to the proposed acquisition of his client`s property. Don Hassenstab inquired about the intended use of the Richfield State Agency owned property immediately south of the bank employees' parking lot at 6709 Lyndale Avenue. Mr. Carl McBride stated that it is the intent of the Richfield State Agency to continue to rent that property for residential purposes. David Bennett, also of BRW Architects, also answered questions. The executive director recommended that the HRA adopt resolutions approving HRA Meeting Minutes -2- November 16, 1981 modification No. 3 in the L/H/N plan, authorizing acquisition of property by eminent domain proceedings and establishing just compensation. Mr. Edelman indicated his client's objection to the proposed developer's agreement and to taking his client's property, on the basis that .such taking is for private, rather than public purposes and that such taking requires an amendment to the project plan. Executive Director Nollenberger observed that the plan has always contemplated redevelopment of the subject site by Richfield State Agency. Mr. Edelman requested copies of these minutes, the final developer's agreement and the resolution relating to the modification. Motion by Collins, seconded by Ludeman that the following resolution be adopted; that it be spread in the resolution book and that it be made a part of these minutes: RESOLUTION N0. 182 RESOLUTION OF THE HOUSING AND REDEVELOPMENT AUTHORITY OF RICHFIELD, MINNESOTA APPROVING MODIFICATION N0. 3 IN THE LYNDALE/HUB/NICOLLET COMMERCIAL IMPROVEMENT PROGRAM Po11 of votes: Ayes - Collins, Freeman, Helmberger, Ludeman, Harms. Nays - None. Carried. This resolution appears as Resolution No. 182 in Resolution Book No. 2. Motion by Ludeman, seconded by Helmberger to approve the proposed developer agreement as outlined in HRA Letter #42 and authorize the executive director and chairman to sign a final agreement containing those major points. All ayes - Carried. Motion by Ludeman, seconded by Helmberger that the following resolution be adopted; that it be spread in the resolution book and that it be made a part of these minutes: HRA Meeting Minutes -3- - November l6, 1981 RESOLUTION N0. 183 RESOLUTION AUTHORIZING THE ACQUISITION OF CERTAIN REAL PROPERTY BY Er1INENT DOMAIN PROCEEDINGS Poll of votes: Ayes - Collins, Freeman, Helmberger, Ludeman, Harms. Nays - None. Carried. This resolution appears as Resolution No. 183 in Resolution Book No. 2. Motion by Freeman, seconded by Collins that the following resolution be adopted; that it be spread in the resolution book and that it be made a part of these minutes: RESOLUTION N0. 184 RESOLUTION ESTABLISHING JUST COMPENSATION Poll of votes: Ayes - Collins, Freeman, Helmberger, Ludeman, Harms. Nays - None. Carried. This resolution appears as Resolution No. 184 in Resolution Book No. 2. 3. Bond Issue for S.W. Quadrant of Lyndale Avenue/66th Street and Lyndale Garden Center Administrative Services Director Joyce Wilde reviewed the procedure necessary to initiate the process to sell tax increment bonds to finance the HRA's cost incurred for the Lake Shore Drive condominium project, the Lyndale Garden Center redevelopment and other miscellaneous purposes. The proposed bond issue to be issued by the city in the amount of $2,450,000 is summarized as follows: Project Costs $1,876,000 Issuance Costs 26,000 Dealer Discount 48,000 Capitalized Interest 500,000 Total X2,450,000 Ms. Wilde recommended that the HRA adopt the resolution requesting the city council to issue tax increment bonds in an amount of $2,450,000 and authorize the executive director and chairman to execute the tax increment agreement with the city. Commissioner Ludeman asked for a breakdown of the property management expense and the administration costs. He was advised that the staff would provide the HRA HRA Meeting Minutes -4- November 16, 1981 a detailed report on the project cost. Motion by Freeman, seconded by Ludeman that the following resolution be adapted that it be spread in the resolution book and that it be made a part of these minutes: RESOLUTION N0. 185 A RESOLUTION DETERMINING THE NEED FOR FINANCING REQUIRING THE CITY COUNCIL OF THE CITY OF RICHFIELD TO AUTHORIZE THE ISSUANCE OF GENERAL OBLIGATION DEVELOPMENT BONDS TO FINANCE PUBLIC REDEVELOPMENT COSTS IN"THE LYNDALE/HUB/NICOLLET REDEVELOPMENT AREA Poll of votes: Ayes - Collins, Freeman, Helmberger, Ludeman, Harms. Nays - None. Carried. This resolution appears as Resolution No. 185 in Resolution Book No. 2. 4. Approval of Sale of Residential Property Located at 6216 Pillsbury Avenue and 6225 Harriet Avenue Executive Director Nollenberger presented recommendation to sell properties at 6216 Pillsbury and 6225 Harriet, as described in HRA Letter No. 39. He said that the properties are scheduled to be completed on November 30, 1981. He recommended that the HRA adopt the appropriate resolution authorizing disposition of these properties. Motion by Freeman, seconded by Collins that the following resolution be adopted; that it be spread in the resolution book and_that it be made a part of these minutes: RESOLUTION N0. 186 RESOLUTION AUTHORIZING SALE OF PROPERTY AT 6216 PILLSBURY AVENUE SOUTH AND 6225 HARRIET AVENUE SOUTH Poll of votes: Ayes - Collins, Freeman, Helmberger, Ludeman, Harms. Nays - None. Carried. This resolution appears as Resolution No. 186 in Resolution Book No. 2. 5. Discussion of Purchase of Property on Godfather Block Executive Director Nollenberger described the status of proposals for development of the Godfather Block and the HRA expressed consensus with the concept of explorin acquisition of Craswell Studio, 732 West 66th Street and Larry's Auto Body Supply 734 West 65th Street. HRA Meeting Minutes -5- November 16, 1981 ~ 6. Discussion of Policy Relating to Preference for Richfield Residents in Housing Programs Executive Director Nollenberger described policies ~nd constraints imposed on `., federal funding which limit the HRA's ability to give preference to Richfield residents in the varous housing programs of the HRA. The HRA indicated a desire ~, to discuss the matter in the future as specific programs are discussed. 7. Claims and Payrolls Motion by Ludeman, seconded by Collins that the following-claims and payrolls be approved: SUPM4IT STATE BANK Checks 4024/5681 $290,142.47 All ayes - Carried. 7 . Ad j o urnmen t Motion by Ludeman, seconded by Helmberger that the meeting adjourn. All ayes - Carried. Time: -9:19 p.m. Date Approved: December 21, 1981 vi Michael 0. Freeman Secretary ~ ~/~ mas E. Harms Chairman