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10-07-1985 SpecialCITY OF RICHFIELD, MINNESOTA HOUSING & REDEVELOPMENT AUTHORITY SPECIAL MEETING OCTOBER 7 , 1 g85 MEMBERS PRESENT: Thomas Harms; Joan Helmberger; Ivan Ludeman; and, Vern Luettinger. Don Hassenstab arrived at 7:37 p.m. STAFF PRESENT: John Cartwright, City Manager; Steve Devich, Administrative Services Director; Dennis Kraft, Community Development Director; Bruce Palmborg, Housing & Redevelopment Coordinator; and, Clayton LeFevere, City Attorney. OTHERS PRESENT: Arils Pakalns, BRW Representative. The meeting was called to order at 7:35 p.m. OPPOR O IT O D S E None ITEM ~~1 A 0 D R 0 0 I ERS ATE-L D L -NI OLLET REDEVELOPMENT PROJECT PLAN AND TAX INCREMENT DISTRICT PLAN. HRA LETTER N0. 55. Executive Director Cartwright reviewed HRA Letter No. 55 concerning the Interstate-Lyndale-Nicollet Redevelopment Project Plan and Tax Increment Financing District Plan. Commissioner Helmberger questioned the acquisition of a small piece of property near Emerson Avenue. Community Development Director Kraft stated that the acquisition was for the construction of a cul-de-sac:. Commissioner Ludeman asked why a signal was not proposed for West 76th Street at the proposed intersection of 77th Street. .Mr. Pakalns stated that it is anticipated that the traffic flow on 76th Street will be diminisY~ed, diverting traffic to 77th Street. He went on to say that the problems at the intersection of 7bth Street and Lyndale Avenue would also be reduced due to the diminished traffic flow. There was discussion regarding the traffic flow on 76th Street and on the proposed 77th Street. Chairman Harms stated that he felt the proposed project is a very good one. Commissioner Ludeman spoke in support of the Project, but indicated that he was opposed to Tax Increment Financing to fund the project. M/Hassenstab, S/Helmberger to a rove the recommendation hat the HRA authorize the Executive Director o re uest the lannin Comm ssion at its October 8th meetin to rovide heir find ngs as to the conformance of t e Proposed edevelopment Pro ect_ Plan and Tax Increment Financing District lan and s ecifica~l those sections dealin w th the Land se Circulat on an and Acquisition Plan with he Comprehensive lan . Motion carried 4-1. (Ludeman opposed). ITEM #2 A EA ING ON 985 RE ED B D T D H 198 PROPOSED HRA BUDGETS. Executive Director Cartwright reviewed the 1985 Revised and 1986 Revised HRA Budgets. The Executive Director summarized the budget message and highlighted the significant changes in each ®f the HRA funds. The Executive Director also reviewed a modification in the HRA budget which provided for setting aside $1,000,000 of the Capital Improvement Fund to be used to fund certain ongoing HRA programs, such as New Home and Housing Assistance & Rehabilitation, through annual interest earnings. Chairman Harms asked the Executive Director if he felt that the Budget provided for adequate staffing to accomplish the many pro~eEts currently before the HRA. The Executive Director stated that the budget provided for adequate staffing. M/Luettinger, S/Ludeman tha ado ted• that it be s read in t made~art o these m nu es: the followin resolution be e resolution ook an that it RESOLUTION N0. 265 RESOLUTION APPROVING 1986 HOUSING AND REDEVELOPMENT AUTHORITY BUDGET AND CERTIFYING THE TAX LEVY Motion carried 5-0. This resolution appears as Resolut on No. 2 5 in Resolution Book. No. 3. M/Ludeman, S/Hassenstab that the followin resolution be aopted; that it be spread in he reso ution book and t at it made part of these minutes: 1 1 RESOLUTION N0. 266 - RESOLUTION AUTHORIZING REVISION OF 1985 BUDGET OF THE HOUSING AND REDEVELOPMENT AUTHORITY OF RICHFIELD Motion carried 5-0. This resolution appears as Resolution No. 2 6 in Resolution Book No. 3. ~I~ The Executive Director addressed the following items: -The status of Pet Cetera. Mr. Cartwright stated that the operation has been monitored on a monthly basis as directed by the HRA. In the future, monthly status reports will be forwarded to the HRA members. -A ground breaking for Market Plaza will take place on Friday, October 11, 1985, at 3:00 p.m. -The City has been notified that an applicaton for $100,000 of discretionary CDBG funding for the Fraser School housing project has been recommended for approval by the Citizens Advisory Committee to the Hennepin County Board. In addition, Fraser- School has been notified that they will receive a federal government 202 grant for 30 units of housing. -The Executive Director reported that City staff has been meeting with representatives of CDR Investments MN and Hampton Inn on a regular basis in an effort to continue progress on those ILN projects. ADJOU N~EN~'~ The Chairman adjourned the mee DatenAAproved : 10/21/85 ~ ' given evich Acting City Clerk gig/ at 9 :03 .m. ~~ ~~ ~~% o s arms Q n G t fight ' ecutive Dire or~ a~.rman ~~ _~