07-17-1989CITY OF RICHFIELD, MINNESOTA
HOUSING AND REDEVELOPMENT AUTHORITY
July 17, 1989
MEMBERS PRESENT: Thomas Harms, Chairman; Edwina Garcia;
Vern Luettinger; and Joan Helmberger.
Ivan Ludeman arrived at 7:03 p.m.
STAFF PRESENT: James Prosser, City Manager; Steven Devich,
Administrative Services Director; Byron
Wallace, Community Development Director; and
Bruce Palmborg, Housing and Redevelopment
Coordinator.
p.m.
The meeting was called to order by Chairman Harms at 7:00
APPROVAL OF MINUTES
M/Luettinger, S/Helmberger to approve the minutes of the
Regular HRA Meeting on June 19, 1989.
Motion carried 4-0.
Item #1 OPPORTUNITY FOR CITIZENS TO ADDRESS THE HRA
No one wished to address the BRA.
Item #2 AUTHORIZATION TO AMEND THE RICHFIELD REHABILITATION
DEFERRED LOAN PROCEDURAL GUIDES TO INCREASE THE BRA'S
ABILITY TO PROVIDE LOAN FUNDS TO APPLICANTS PURCHASING
ON A CONTRACT FOR DEED. HRA LETTER NO. 18
Executive Director Prosser reviewed HRA Letter No. 18
concerning the authorization to amend the Richfield
Rehabilitation Deferred Loan Procedural Guides to increase the
HRA's ability to provide loan funds to applicants purchasing on a
Contract for Deed.
Commissioner Helmberger questioned the risk involved in this
program and the value of the average loan.
HRA Meeting Minutes -2- July 17, 1989
Mr. Palmborg responded that it was approximately $6,000.
Executive Director Prosser added that the risk is the amount
of the loan and that this would be the-first such loan we would
have issued under this program.
(Commissioner Ludeman arrived.)
There was discussion concerning the loan limits for these
loans. Mr. Palmborg indicated the limit for this loan program
was $10,000.
M/Garcia, S/Helmberger
made part of these minutes:
RESOLUTION NO. 353
RESOLUTION AUTHORIZING AMENDMENT TO RICHFIELD
DEFERRED LOAN REHABILITATION
PROCEDURAL GUIDES
Motion carried 4-1. Commissioner Ludeman opposed. This
resolution appears as Resolution No. 353 in Resolution Hook No.
3.
Item #3 REPORT OF EXECUTIVE DIRECTOR
-ILN - Community 1~~.xJelopment Director Wallace reported on the ILN
informational meetings held the previous week. The meeting was
conducted by representatives of the Larsen Development Group.
Mr. Wallace indicated that the neighbors' reaction to the plan
was generally favorable. He explained that the development
proposal contained a mix of commercial/retail, an eight story
hotel, and two office buildings. The Larsen proposal attempts
to incorporate, if possible, existing businesses in the area.
-Penn Avenue and 66th Street - Executive Director Prosser
reported there was a bus tour of the development area last week.
There was general discussion regarding the use of tax
increment finance for the various projects and the potential
early repayment of bonds in the LHN.
Item #4 COMMISSION DISCUSSION ITEMS
HRA Meeting Minutes -3- July 17, 1989
Commissioner Luettinger stated that he wanted the owner of
the apartment building on Diagonal Boulevard and Cedar Avenue to
appear before the HRA to discuss the conditions of the building.
The Executive Director responded that the HRA probably
lacked the authority to mandate such an action.
Commissioner Harms summarized the proceedings of the Ad Hoc
Committee reviewing a proposed property maintenance ordinance.
Item #5 CLAIMS AND PAYROLLS
M/Ludeman, S/Luettinger that the following claims and
payrolls be approved:
FIRST WESTERN BANK
Checks 8430-8460, 8717-8743 $545,866.41
Motion carried 5-0.
ADJOURNMENT
. The meeting was adjourned by Chairman Harms at-7:50 p.m.
Date Approved: 8/21/89
~1 ~ homas Harms ~ Chairman
Jc ~2~~
Steven Devich Jam s D. Prosser
Acting City Clerk cutive Director