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03-19-1990CITY OF RICHFIELD, MINNESOTA HOUSING AND REDEVELOPMENT AUTHORITY MEETING March 19, 1990 MEMBERS PRESENT: Joan Helmberger; Ivan Ludeman; Vern Luettinger; and Edwina Garcia (arrived at 7:21 p.m.). MEMBERS ABSENT: Thomas Harms STAFF PRESENT: James Prosser, City Manager; Thomas Ferber, City Clerk; Byron Wallace, Community Development Director; and Bruce Palmborg, Housing and Redevelopment Coordinator. The meeting was called to order by Vice Chairperson Luettinger at 7:06 p.m. APPROVAL OF MINUTES M/Ludeman, S/Helmberger to approve the minutes of the Regular HRA Meeting of February 20, 1990. Motion carried 4-0. Item #1 OPPORTUNITY FOR CITIZENS TO ADDRESS THE CITY COUNCIL ON ANY ITEM NOT LISTED ON THE AGENDA. No one wished to address the council. Item #2 EXECUTIVE DIRECTOR REPORT Community Development Director Wallace reviewed the status of the following: 1. New Ford Town - Response to the New Ford Town Redevelopment concept has been very positive. 2. Rich Acres - A petition from property owners requesting redevelopment has been received by the City Council. The Planning Commission will be conducting a public meeting on this issue on March 28. 3. PASSS - Discussions continue with a potential developer with the main issues being density, tax increment, and parking. Staff is reviewing the possibility of utilizing Henning & Associates for HRA marketing efforts. Commissioner Garcia arrived at this time. (7:21 p.m.) 4. 77th Street - Two acquisition properties are currently seeking Metropolitan Council RALF Funds. HRA Minutes -2- March 19, 1990 Item #3 PROGRESS REPORT BY REPRESENTATIVES OF THE ROBERT LARSEN PARTNERS, INC. REGARDING THE PROMENADE, ILN. HRA LETTER NO. 7 Kelly Doran, Robert Larsen Partners, Inc., reviewed the status of acquisition offers made. to property owners in the ILN Redevelopment area. He stated that Robert Larsen Partners Inc. had been making good faith efforts to evaluate the properties and make reasonable offers. He indicated some property owners appeared unwilling and uncooperative in this process. He stated that it may become necessary for the HRA to consider initiating eminent domain proceedings to expedite the acquisition process in some cases. He stated the T.I.F. time frame for completion for the project by i/1/92 requires possession by 1/1/91 or it will not be feasible. Executive Director Prosser stated that the condemnation process has risks for both sides since the court determines compensation. He suggested as a intermediate step that mediation between the developer and the property owners by an appraiser be made available for a pert®d of 60 days. Discussion followed regarding the determination of acquisition costs, relocation costs, and the impact of added value of recent building improvements to these determinations. Executive Director Prosser stated that if a Developers Agreement is not ready by the deadline of April 30 , 1990, the Exclusive Rights Agreement with Robert Larsen Partners, Inc. will be terminated. Tony Doherty, former owner of Doherty Furniture, reviewed the purchase offer received from Robert Larsen Partners, Inc. He stated it was not reasonable nor fair. Don Mackey, Cutler Animal Hospital, stated that Robert Larsen Partners, Inc. should be willing to pay top dollar for his business and property. He indicated that their offer was 75$ of the assessed market value. Mr. Dorn reviewed the issues related to the appraisals of these properties. M/Garcia, S/Helmberger that Robert Larsen Partners, Inc will fully compensate the Richfield HRA and City of Richfield for review appraisals and the mediation process regarding the acquisition costs for the properties to be acquired for the Promenade .project for a period of 60 days. Motion carried 4-0. HRA Minutes -3- March 19, 1990 M/Ludeman, S/Garcia that Robert Larsen Partners, Inc. execute with the HRA a memorandum of agreement to proceed with completion of a Developers Agreement for the ILN Promenade Project in a suitable format by April 30, 1990 and that on April 30, 1990 the Exclusive Rights Agreement with Robert Larsen Partners, Inc. will be terminated. Motion carried 4-0. Commissioner Ludeman asked about the relationship of Robert Larsen to the Jockey Club and Midwest Federal. Mr. Dorn reviewed Mr. Larsen's personal financial involvement with the Jockey Club. He stated he sold his interest in 1986 and has no connections with Midwest Federal. Executive Director Prosser stated the City Attorney has been monitoring this issue and has found no problems. Item #4 COMMISSIONERS CHOICE Commissioner Ludeman reviewed a summary of the information received from his attendance at the National League of Cities (NLC) Conference in Washington D.C. and the League of Minnesota Cities (LMC) Conference. Commissioner Garcia commented on issues discussed at the LMC -~ Conference. Item #5 CLAIMS AND PAYROLLS M/Ludeman, S/Helmberger that the following claims and payrolls be approved: FIRST WESTERN BANK Checks 8888-8900;. 9404-9431 $ 117,546.72 Checks 1014-1015; 1084-1165 Section 8 $ 163,915.00 Motion carried 4-0. ADJOURNMENT The meeting was adjourned by unanimous sent at 8:53 p.m. Date Approved: 4/16/90 omas Harms `rman Thomas P. Ferber City Clerk J Ja s D. Prosser Ex cutive Director ~I ~1