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01-19-1988i~ '~ I CITY OF RICHFIELD, MINNESOTA HOUSING AND REDEVELOPMENT AUTHORITY January 19, 1988 MEMBERS PRESENT: Thomas Harms, Chairman; Joan Helmberger; Ivan Ludeman; and Vern Luettinger. Don Hassenstab arrived at 7:03 p.m. STAFF PRESENT: James Prosser, Executive Director; Steven Devich, Administrative Services Director; Byron Wallace, Community Development Director; John Dean, Assistant City Attorney; Bruce Palmborg, Housing and Redevelopment Coordinator; Towhid Kazi, Acting City Planner. OTHERS PRESENT: Steven J. Quam, Mayor; Gary Tushie, Developer; and Chuck DuFresne, Developer. p.m. The meeting was called to order by Chairman Harms at 7:00 APPROVAL OF MINUTES M/Ludeman, S/Luettinger to approve the minutes of the ~ecial HRA meeting of November 5, 1987. Ite® #1 OPPORTUNITY FOR CITIZENS TO ADDRESS THE HRA ON ANY ITEM NOT LISTED ON THE AGENDA Motion carried 4-0. No one wished to address the HRA. Item #2 ANNUAL MEETINGlELECTION OF OFFICERS. HRA LETTER N0. 1. M/Ludeman, S/Hassenstab to approve and appoint the same officers as the past year, Thomas Harms as Chairman; Vern Luettinger as Vice Chairman; and Joan Helmberger as Secretary. Motion carried 5-0. HRA Minutes 2 January 19, 1988 Item #3 TRANSMITTAL OF CEDAR AVENUE BUSINESS AREA DEVELOPMENT AND TAX INCREMENT FINANCING PLANS TO THE PLANNING COMMISSION FOR THEIR OPINION AS TO THE CONFORMANCE OF THE PROPOSED LAND USE PURCHASE .AND SALE OF THE PROPERTY WITH THE CITY'S COMPREHENSIVE PLAN. HRA LETTER NO. 2. Executive Director Prosser reviewed HRA Letter No. 2 concerning the transmittal of Cedar Avenue Business Area Development and Tax Increment Financing Plans to the Planning Commission for their opinion as to the conformance of the proposed land use purchase and sale of the property with the City's Comprehensive Plan. Mr. Prosser summarized the specific aspects of the plans, ?ndicating that no bonds ~aould be s©ld; Insi~ead, annual payments would be made to CDP for this project. He also described the neighborhood meeting process utilized in conjunction with the project. Attorney John Dean explained the financing mechanics of the project and informed HRA members that the T.I.F. District could be expanded at a future date. Commissioners Luettinger and Hassenstab stated a concern that they would be hesitant to support the project if it precluded further expansion of the T.I.F. District. Chuck DuFresne presented a series of drawings of the proposed project and described the various aspects of the building and parking structure. M/Ludeman, S/Hassenstab to approve transmittal of Cedar Avenue Business Area Development and Tax Increment Financing Plans to the Planning Commission for their opinion as to the conformance of the proposed land use purchase and sale of the property with the City's Comprehensive Plan. Motion carried 5-0. Item #4 CONSIDERATION OF STATUS OF REDEVELOPMENT PROPOSAL FOR THE GRAHAM/LYNDALE/LAKESHORE DRIVE AREA. HRA LETTER N0. 3. Executive Director Prosser reviewed HRA Letter No. 3 concerning the status of the redevelopment proposal for the Graham/Lyndale/Lakeshore Drive area. HRA Minutes 3 January 19, 1988 Mr. Gary Tushie of Derrick-Tushie presented a status report of the project. He indicated that as of 5:30 p.m. today, Mr. Stuart Nolan, a proposed partner in the project, had not come to terms with Derrick-Tushie. Mr. Larry Fransen, Griffith Companies, explained the difficulties in putting together the partnership consisting of Tushie, Derrick and Stuart Nolan. Chairman Harms stated his concern with continuing to wait for Derrick-Tushie to proceed with the project. He recommended that a motion be made that staff consider every potential developer for that project area. Mrs. Moore, Lakeshore Drive Condominiums, spoke in opposition to a project which would remove the two houses in front of her building, replacing them with a five story building. Fred Moore, Lakeshore Drive. Condominium Board of Directors, stated that he was at the meeting to find out what is happening with this project. Betty Bruce, Lakeshore Drive Condominiums, asked about the VFW's role in the proposed project. Gary Tushie responded that the VFW is looking for another site. Commissioner Hassenstab informed the HRA Commissioners that he would be out of town in the next several weeks, thus, he may not be available for another meeting during that time period. M/Ludeman, S/Luettinger that staff look for additional developers for Graham Avenue pro,~ect area and report back to the HRA on timeframe and status at the next meeting (February 16). Motion carried 5-0. Item #5 AUTHORIZATION OF AN AMENDMENT TO THE RICHFIELD REHABILITATION DEFERRED LOAN REPAYMENT AGREEMENT WHICH MODIFIES THE MANNER IN MHICH SOME PROPERTY OMNERS MAY REPAY THE LOAN. HRA LETTER N0. 4. Executive Director Prosser reviewed HRA Letter No. 4 concerning authorization of an amendment to the Richfield Rehabilitation Deferred Loan Repayment Agreement which modifies the manner in which some property owners may repay the loan. M/Hassenstab, S/Luettinger that the followin resolution be adopted; that it be spread in the reso ution book and that it be made part of these minutes: HRA Minutes 4 January 19, 1988 HRA RESOLUTION N0. 312 RESOLUTION AUTHORIZING AMENDMENT TO RICHFIELD REHABILITATION DEFERRED LOAN REPAYMENT AGREEMENT Motion carried 5-0. This resolution appears as Resolution No. 312 in Resolution Book 3. Item #6 PROCESS FOR SELECTION OF A PLANNING CONSULTANT FOR PENN AVENUE AND 66TH STREET AREA. HRA LETTER NO. 5 Executive Director Prosser reviewed HRA Letter No. 5 seeking authorization to initiate a process of selecting a Planning Consultant for the Penn Avenue and 66th Street area. Mr. Prosser stated that staff is looking for a potential developer who would pay a greater share of the costo He concluded by summarizing the criteria to be used for selecting a consultant. MJLudeman, S/Luettinger to initiate a process for selection of a Planning Consultant for Penn Avenue and 66th Street Area. Motion carried 4-0. Commissioner Hassenstab abstained because of a potential conflict of interest. Itev #7 DESIGNATION OF OFFICIAL NEMSPAPER. HRA LETTER N0. 6 M/Helmberger, S/Luettinger to approve designation of Richfield Sun Current as the official newspaper for 1988. Motion carried 5-0. Item #8 DESIGNATION OF OFFICIAL DEPOSITORIES. HRA LETTER N0. 7 M/Hassenstab, S/Ludeman that the followin resolution be adopted; that it be spread in the resolution book and that t be made part of these minutes: HRA Minutes 5 January 19, 1988 HRA RESOLUTION N0. 313 A RESOLUTION DESIGNATING CERTAIN FINANCIAL INSTITUTIONS AS DEPOSITORIES FOR THE INVESTMENT OF HOUSING AND REDEVELOPMENT AUTHORITY OF RICHFIELD FUNDS IN 1988 Motion carried 5-0. This resolution appears as Resolution --- _ - --1~ ---3~3=-~I.~r---R~e-s o~i-u-t-~orrL-B=o oiC -~10 ; ~ -- ---~- _ M/Hassenstab, S/Ludeman that the following resolution be adopted; that it be spread in the resolution book and that it be made part of these minutes: HRA RESOLUTION N0. 314 RESOLUTION DESIGNATING THE FIRST WESTERN BANK A DEPOSITORY OF FUNDS OF THE HOUSING AND REDEVELOPMENT AUTHORITY FOR RICHFIELD FOR THE YEAR 1988 AND APPROVING COLLATERAL Motion carried 5-0. This resolution app-ears as Resolution No. 314 in Resolution Book No. 3. r~ ICI M/Hassenstab, S/Ludeman that the fo ution be - _ - A RESOLUTION DESIGNATING CERTAIN SAVINGS AND LOAN ASSOCIATIONS AND BANKS AS DEPOSITORIES rno ~-"~I-N~S_T_M-ENS-_Of_-FHf-~-IOUSING AND REDEVELOPMENT AUTHORITY FUNDS IN 1988 Motion carried 4-0. Chairman Harms abstained for a potential conflict of interest in the vote on Savings and Loan Associations. This resolution appears as Resolution No. 315 in Resolution Book No. 3. Item #9 RESOLUTION APPROVING A REDEVELOPMENT PLAN AND TAX INCREMENT FINANCING FOR THE CEDAR AVENUE BUSINESS AREA REDEVELOPMENT PROJECT, REQUESTING THE CITY COUNCIL TO CONDUCT PUBLIC HEARINGS AND RECOMMEND APPROVAL OF THE PLANS BY THE CITY COUNCIL. HRA LETTER N0. 8. Executive Director Prosser reviewed HRA Letter No. 8 concerning a resolution approving a Redevelopment Plan and tax increment financing for the Ceder Avenue Business Area Redevelo-pment~-Pre-,ject, requesting the °E-~~~=~-Co~ncil to conduct ~ ° -° ° --- public hearings and recommend approval of the plans by the City Council. HRA RESOLUTION N0. 315 HRA Minutes 6 January 19, 1988 Chairman Harms announced that the Planning Commission had passed a resolution finding the Redevelopment and Tax Increment Financing Plans for the Cedar Avenue Business Area Redevelopment Project to be in conformance with the Comprehensive Plan, during a meeting convened at 7:30 p.m. this evening. There was general discussion concerning the plan and the financing proposed for the project. A minor language modification to the Redevelopment Plan was suggested by Commissioners and HRA legal counsel by striking "and 5) Potential setback variance" from Section E, Number 2, Page 10. M/Luettin RESOLUTION APPROVING THE UNDERTAKING OF THE-CEDAR AVENUE BUSINESS AREA RE~iEVELOPMENi PR©JECi; AND ESTABLISHMENT OF A TAX INCREMENT ECONOMIC DEVELOPMENT DISTRICT LOCATED WITHIN THE REDEVELOPMENT PROJECT; APPROVING THE RESPECTIVE REDEVELOPMENT PLAN AND TAX INCREMENT FINANCING PLAN; REQUESTING THE RICHFIELD CITY COUNCIL TO CALL FOR PUBLIC HEARING THEREON; AND RECOMMENDING APPROVAL OF THE PLANS TO THE CITY COUNCIL Motion carried 5-0. This resolution appears as Resolution No. 316 in Resolution Book No. 3. Item #10 CLAIMS AND PAYROLLS M/Luettinger, S/Hassenstab that the following claims and payrolls be approved: FIRST WESTERN BANK 1 Checks 6957!6970, 7974/7991 $3,651,880.13 Motion carried 5-0. Item #11 REPORTS OF EXECUTIVE DIRECTOR --~_.-- -~- --- -- _ _._.~v.~, --- - - - None -LL-~ - -- HRA RESOLUTION N0. 316 HRA Minutes 7 Ite~ #12 COMMISSIONERS DISCUSSION ITEMS None 1 ADJOURNMENT January 19, 1988 Chairman Harms adjourned the me °, r~g at 8:37 p. . ~° ~, `_ r Date p oved: 2/16/88 / ~ ~,~~~;~~~~ ~~~v~--~`~~~ Thomas Harms r Chairman I S even L. Dev c am s D. rosser Acting City Clerk cutive Director