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04-29-1996 Specialnos HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Special Meeting April 29, 1996 The meeting was called to order by Vice-Chair Helmberger at 7:30 p.m. 1 HRA Members Present: Joan Helmberger; Vern Luettinger; and Russ Susag. HRA Members Excused: Thomas Harms and Michael Sandahl. Staff Present : James Prosser, Executive Director; Steven Devich, Acting City Clerk; Bruce Palmborg, Community Development Director; John Dean, City Attorney; and Bruce Nordquist, Housing Supervisor. Executive Director Prosser reviewed HRA Letter No. 22 regarding consideration of potential purchase of 6205 Morgan Avenue. Council Member Rosenberg spoke to the HRA regarding the neighborhood concerns regarding this property, including the general appearance of the property. Special HRA Meeting Minutes -2- Apri129, 1996 City Attorney John Dean presented a brief description of the proposed agreement to purchase the property. There was general discussion regarding the value of the property and what the plans for the property will be. Mr. Prosser responded to Commissioners that the staff would explore whether to construct a new house on the property or extensively remodel the present structure. Commissioners asked a series of questions pertaining to the bankruptcy and potential condemnation proceedings for this property. Mr. Dean stated that if condemnation is necessary at all, it would not be significant in terms of cost. Commissioner Susag asked what the downside of this project would be. Mr. Dean summarized the potential worst case pitfall that could occur. He added, that the agreement will be written to contain sufficient fail safes to address these concerns. Commissioner Luettinger asked Mr. Dean to describe the most recent changes to the proposed agreement. Mr. Dean reviewed the latest changes to the purchase agreement. Commissioners asked Mr. Dean if a decision on this is necessary tonight. Mr. Dean responded, that while it was helpful, it was not necessary. M/Susag, S/Helmberger move to authorize an assignment agreement with State Farm Fire and Casual/ for an amount within the range of $20.000 to $25.000 and to authorize the Executive Director and Chair to execute documents roviding for the arc uisition of 6205 Morgan Avenue. Motion passed 2-1. (Luettinger opposed.) Mr. Prosser stated that further information including budget data on the project will be presented to the HRA at a future date. ~~ The meeting was adjourned by unanimous consent at 8:25 p.m. Special HRA Meeting Minutes -3- April 29, 1996 Executive Director summarized status information regarding the Tip Top Car Wash site. Mr. Prosser indicated that the owner stated that interest has been expressed by several parties to the owner to open a new car wash on the site. Mr. Prosser indicated that staff will continue to work with the er to encourage other uses for the site. Date Approved: 5/20/96 Thomas E. Harms Chair even 'L. Devich J me D. Prosser Acting City Clerk utive Director 1