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04-16-1990CITY OF RICHFIELD, MINNESOTA HOUSING AND REDEVELOPMENT AUTHORITY APRIL 16, 1990 MEMBERS PRESENT: Thomas Harms, Chairman; Joan Helmberger; -Ivan Ludeman; Edwina Garcia; and Vern Luettinger. STAFF PRESENT: James Prosser, Executive Director; Byron Wallace, Community Development Director; Bruce Palmborg, Housing and Redevelopment Coordinator; Thomas Ferber, City Clerk; and John Dean, HRA Attorney. The meeting was called to order by Chairman Harms at 8:04 p.m. APPROVAL OF MIN[ITES M/Helmberger, S/Luettinger to approve the minutes of the Regular HRA Meeting of March 19, 1990. Motion carried 5-0. Item #1 OPPORTUNITY FOR CITIZENS TO ADDRESS THE HRA ON ANY ITEM NOT LISTED ON THE AGENDA. No one wished to address the HRA. Item #2 CONSIDERATION OF APPROVAL OF A SECOND PARTIAL PAYMENT IN THE AMOUNT OF $3,944 TO LINO LAKES NURSERY FOR THE ILN STREETSCAPE. HRA LETTER N0. 8 Community Development Director Wallace reviewed HRA Letter No. 8 recommending that the HRA authorize a partial payment to Lino Lakes Nursery for ILN Streetscape work. M/Ludeman, S/Luettinger to authorize a partial payment in the amount of $3~ 944 to Lino Lakes Nursery for ILN Streetscape work. Motion carried 5-0. HRA Minutes -2- April 16, 1990 Item #3 ADOPTION OF A RESOLUTION AUTHORIZING THE EXECUTION OF AN AGREEMENT WITH BEST GROUP TO PROVIDE MARKETING SERVICES FOR THE RESIDENTIAL ENERGY CONSERVATION PROGRAM. HRA LETTER NO. 9 Community Development Director Wallace reviewed HRA Letter No. 9 recommending the execution of an agreement with BEST Group to provide marketing services for the residential energy conservation program. M/Luettinger, 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: RESOLUTION N0. 377 RESOLUTION RELATING TO PROVIDING MARKETING SERVICES FOR THE ENERGY PROGRAM Motion carried 5-0. This resolution appears as Resolution No. 377 in HRA Resolution Book No. 3. Item #4 STAFF DISCUSSION REGARDING RICH ACRES DEVELOPMENT. Community Development Director Wallace reviewed the Rich Acres redevelopment concepts prepared by Planning Consultant Tom Martinson. The three potential redevelopment choices reviewed were: 1) a "boutique" commercial office campus 2) a "maximum" apartment development 3) ahigh-amenity housing development Discussion followed regarding the feasibility of the development concepts. HRA Minutes -3- April 16, 1990 Item #5 EXECUTIVE DIRECTOR REPORT Community Development Director Wallace reviewed the status of the following: 1) Expanded New Home Program Response to publicity regarding expansion of this program has been very positive. 2) RALF Program Two properties along 77th Street are currently being processed for Metropolitan Council RALF Funds. 3) HRA Marketing Henning & Associates are working with staff regarding marketing efforts. 4) PA Some general discussions with interested parties has occurred and marketing efforts continue. Item #6 CONSIDERATION OF CONCEPTUAL APPROVAL OF A DEVELOPERS AGREEMENT WITH THE ROBERT LARSEN PARTNERS, INC. HRA LETTER NO. 10 HRA Attorney Dean reviewed HRA Letter No. 10 regarding the draft Contract for Private Development with Robert Larsen Partners, Inc. regarding ILN Redevelopment. He stated that the significant parts of the Contract for Private Development include provisions for the following: * Development of the area within the ILN West of Lyndale known as "Phase I". * Robert Larsen Partners Inc. will construct a shopping mall having a minimum market value of $33,500,000. ,* A mechanism to finance the public improvements in the ILN area through the use of TIF funding with a special assessment levy in the event there is insufficient tax increment to pay debt service. * The acquisition of land within Phase I and Phase II or through the use of the HRA condemnation power to the extent that Larsen is unable to acquire all of the land necessary for the project. * Larsen will initially pay all of the costs relating to the acquisition of the property (real estate costs, fixtures, relocation, HRA costs and attorney's fees) whether by voluntary acquisition or condemnation. * Larsen will be paid a land write down over a base cost through a combination of bond proceeds, pay as you go proceeds and other funds subject to the limitations of the contract. * This contract supersedes the November 20, 1989. Agreement. HRA Minutes -4- April 16, 1990 Sid Inman, Publicorp, reviewed the tax increment issues which led staff to structure the. proposed contract to include the "pay as you go" concept. Kelly Dorn, Robert Larsen Partners, Inc., indicated that this concept shifted more of the risks to the developer, but that if the project is feasible they intend to proceed. He stated property acquisition negotiations are difficult at this stage. He asked the City and HRA agree to the concept of eminent domain acquisition if it becomes necessary. He indicated no purchase agreements have been signed but that 6-8 properties are close to an agreement. Hob Jensen, owner of 7714-16 Colfax Avenue, stated concern about how the developer was negotiating with property owners. He also requested further information regarding the proposed Developer's. Agreement. Don Maki, 7738 Colfax Avenue, stated dissatisfaction with the developers offer for his property and the attitude of the developer. Tony Doherty, owner of the Doherty Furniture building, stated his bui~lc~ing is not ~tor sa~1e. HRA Attorney Dean reviewed the proposed developers agreement. He stated that staff is continuing to meet with Robert Larsen Partners to finalize the draft agreement for presentation for approval by both the HRA and City Council. He anticipated completion within two weeks. Chairperson Harms stated .that the decision to redevelop the area has been made. He stated that voluntary acquisition of property by the developer was the preferred method and the use of eminent domain condemnation would be the last option. He encouraged the property owners to utilize the mediation service offered by the City. Executive Director Prosser indicated that some property owners had expressed concerns regarding property acquisition negotiations with the developer. Therefore, the mediation process is being made available to provide a way to address differences and improve communications between the parties. Discussion followed regarding the property acquisition negotiation process, the mediation process, and the eminent domain condemnation process. In response to a question from Commissioner Ludeman, HRA Attorney Dean reviewed the land write down, financial, and special assessment components of the draft developers agreement. Robert Adelmann, owner of 805 W. 77 1/2 .Street,. stated concern that existing property owners could not develop their land because of the zoning. HRA Minutes -5- April 16, 1990 Executive Director Prosser reviewed the redevelopment concepts of the ILN. Discussion followed regarding notice to property owners of the point HRA/City Council Meeting to consider the final draft of the developers agreement. It was decided that mailed notice would be provided and anyone who wished to review a copy of the agreement prior to the meeting should contact City Hall. M/Garcia, S/Harms to approve the draft concept of the contract for Private Development with the Robert Larsen Partner, Inc. regarding the Promenade development in the ILN and to direct the staff and attorney to proceed to finalize an agreement for HRA and City Council apvroval. Motion carried 5-0. Item #7 CLAIMS AND PAYROLLS M/Ludeman, S/Helmberger that the following claims and payrolls be approved: FIRST WESTERN BANK Checks 9254-9260; 9435-9463 S 183,081.16 Checks 1016-1017;1038-1041; 1252-1334 Section 8 $ 97,002.00 Motion carried 5-0. ADJOURNMENT The meeting was adjourned by unanimous nsent at 10:24 p.m. Date Approved : 5 / 21 / 9 0 "~ ~'~ 7 ~ homas Harms Chairman '~ Thomas P. Ferber City Clerk ,` Jam D. Prosser cutive Director