01-16-1996CITY OF RICHFIELD, MINNESOTA
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
January 16, 1996
HRA MEMBERS PRESENT: Thomas Harms; Joan Helmberger; Vern Luettinger and
Russ Susag.
HRA MEMBERS EXCUSED: Michael Sandahl.
STAFF PRESENT: James D. Prosser, Executive Director; Steven Devich,
Acting City Clerk and Bruce Palmborg, Acting ..
Community Development Director/Housing and
Redevelopment Coordinator.
The meeting was called to order by Chair Harms at 7:00 p.m. Mr. Harms noted
that Commissioner Sandahl was unable to attend due to business travel.
APPROVAL OF MINUTES
M/Helmberger, S/Susag to aaorove the minutes of the regular HRA meeting of
December 18. 1995.
Motion carried 4-0.
ITEM #1 OPPORTUNITY FOR CITIZENS TO ADDRESS THE HRA
No one wished to address the HRA.
ITEM #2 ELECTION OF OFFICERS FOR HOUSING AND REDEVELOPMENT
AUTHORITY. HRA LETTER NO. 1
M/Susag, S/Helmberger to approve the election of Thomas Harms as Chair of
the Housing_and Redevelopment Authority for the kear 1996.
HRA Meeting Minutes -2- January 16, 1996
Motion passed 4-0.
M/Harms, S/Susag to approve the election of Joan Helmb rger as Vice-Chair of
the Housingand Redevelopment Authority for the year 1996.
M/Harms, S/Susag to approve the election of Vem Luettinger as Secretary of the
housing and Redevelopment Autho ' for the year 1996.
ITEM #3 DESIGNATION OF ACTING EXECUTIVE DIRECTOR FOR 1996. HRA
LETTER N0.2
M/Helmberger, S/Susag to~~gnate Steven L. Devich, Administrative Services
Director to serve as the Acting Executive Director of the HRA for 1996 during anx
absence of the Executive Director.
Motion passed 4-0.
ITEM #4 CONSIDERATION OF RESOLUTIONS DESIGNATING OFFICIAL
DEPOSITORIES FOR HOUSING AND REDEVELOPMENT AUTHORITY
FOR 1996, INCLUDING APPROVAL OF COLLATERAL. HRA LETTER
N0.3
M/Luettinger, S/Susag that the following resolutions be adopted: that they be
spread in the resolution book and that they be made part of these minutes:
HRA RESOLUTION NO. 572
RESOLUTION DESIGNATING THE FIRSTAR BANK A DEPOSITORY
OF FUNDS OF THE HOUSING AND REDEVELOPMENT AUTHORITY FOR
RICHFIELD FOR THE YEAR 1996 AND APPROVING COLLATERAL
This resolution appears as HRA Resolution No. 572 in Resolution Book No. 4.
HRA Meeting Minutes -3- January 16, 1996
HRA RESOLUTION N0.573
RESOLUTION DESIGNATING CERTAIN FINANCIAL
INSTITUTIONS AS DEPOSITORIES FOR THE INVESTMENT OF
HOUSING AND REDEVELOPMENT AUTHORITY OF RICHFIELD IN 1996
This resolution appears as HRA Resolution No. 573 in Resolution Book No. 4.
HRA RESOLUTION NO. 574
RESOLUTION DESIGNATING CERTAIN SAVINGS AND LOAN
ASSOCIATIONS AND BANKS AS DEPOSITORIES FOR THE INVESTMENT
OF HOUSING AND REDEVELOPMENT AUTHORITY FUNDS IN 1996
This resolution appears as HRA Resolution No. 574 in Resolution Book No. 4.
Motion Gassed 4-0.
ITEM #5 DESIGNATION OF OFFICIAL NEWSPAPER FOR 1996. HRA LETTER
N0.4
M/Susag, S/Helmberger to designate the Richfield Sun-Current as the official
newspaper of the Richfeld HRA for the year 1996.
Motion carried 4-0.
ITEM #6 CONSIDERATION OF RESOLUTION AUTHORIZING PURCHASE OF
6837 LOGAN AVENUE FOR RICHFIELD REDISCOVERED. HRA
LETTER NO. 5
Executive Director James D. Prosser reviewed HRA Letter No. 5 regarding
consideration of a resolution authorizing purchase of 6837 Logan Avenue for Richfield
Rediscovered.
M/Susag, S/Helmberger that t he follo wing reso lutio n be a dopted: that it be
,spread in the resolution book and th at it be made pa rt of th ese minutes:
HRA Meeting Minutes -4- January 16, 1996
HRA RESOLUTION NO. 575
RESOLUTION AUTHORIZING PURCHASE
OF REAL PROPERTY LOCATED AT
6837 LOGAN AVENUE
This resolution appears as HRA Resolution No. 575 in Resolution Book No. 4.
ITEM #7 CONSIDERATION OF RESOLUTION RECOMMENDING APPROVAL
OF REVISED PURCHASE AGREEMENT AND PROMISSORY NOTE;
SAGE COMPANY. HRA LETTER N0.6
Executive Director Jame§ D. Pro§ser reviewed bRA Letter No. 6 regarding
consideration of a resolution recommending approval of revised purchase agreement
and promissory note; Sage Company.
Steve Bubol, Kennedy & Graven, was present to provide legal information
concerning this item.
Commissioner Luettinger asked if the staff at the buildings will be maintained.
Mr. Prosser stated that the decision was up to Stuart Shelard Management.
Commissioner Susag asked who would inspect property at the time of closing.
Mr. Prosser stated that it would be primarily Stuart Shelard personnel. In
addition, City staff also recently reviewed the properties.
Commissioner Susag asked if the proposed change has effected occupancy.
Acting Community Development Director/Housing and Redevelopment
Coordinator Bruce Palmborg stated that staff was not aware of any such change in
occupancy.
Chair Harms stated that he felt the HRA should get two additional items:
J
1. The HRA needs some additional access to financial records so that
Publicorp could give us a letter of no material adverse changes.
HRA Meeting Minutes -5- January 16, 1996
2. The HRA relied on Stuart Shelard for inspection. They should send the
HRA a letter regarding the inspection and no material adverse changes.
M/Luettinger, S/Susag that the following resolution be adopted: that it be
cnrPari in the resolution book and that it be made part of these minutes:
HRA RESOLUTION NO. 576
RESOLUTION ACCEPTING AGREEMENT FOR DONATION OF PROPERTY
RESCINDING AGREEMENT FOR PURCHASE AND SALE DIRECTING APPROVAL
OF SAME (HAMPTON PLACE, CRESTWOOD, HERITAGE SQUARE -EAST)
This resolution appears as HRA Resolution No. 576 in Resolution Book No. 4.
Motion passed 4-0.
The HRA stands adjourned as HRA at 7:22 p.m.
The HRA reconvened at 7:27 p.m.
ITEM #8 EXECUTIVE DIRECTOR REPORT
Executive Director James D. Prosser reported on the following items:
1. Conoco site acquisition status.
2. TOLD Meridian Crossing Project at the Cloverleaf site, including the types of
potential tenants and the importance of the timing of the project in light of a
competitive project at Centennial Lakes.
3. SportMart/Galyon's dispute regarding a no compete clause for SportMart with CSM.
4. Petsmart/Vetsmart issue current before the City Council.
5. Century Courts representatives have requested a meeting with the City Manager.
6. VFW/American Legion cooperative effort status.
7. Proposed combined City/State maintenance facility at Rich Acres neighborhood.
8. Status of Transformation house project at 74th and Fifth Avenues.
HRA Meeting Minutes -6- January 16, 1996
ITEM #7 CLAIMS AND PAYROLL
M/Luettinger, S/Susag that the following claims and ~y oll be aR rp Quad:
FIRSTAR BANK
Checks: HRA: 13871-13877; 14603-14619 $362,055.52
8825-8938; 13878-13892; 14623-14637 $216,811.59
Section 8: 1098 $ 98,260.00 ..
Motion carried 4-0.
ADJOURNMENT
The meeting was adjourned by unanimous cons 7:53 p.m.
Date Approved: 2/ 20/ 96
Thomas E. Harms
Chair
.e
Steven L. Devich J m s D: Prosser
Acting City Clerk xe utive Director