01-17-06 Regular
HOUSING AND REDEVELOPMENT
AUTHORITY MEETING MINUTES
Richfield, Minnesota
Regular Meeting
January 17, 2006
The meeting was called to order by Vice Chair Heimberger at 7:05 p.m.
HRA Members
Present:
Joan Heimberger; Martin Kirsch; Sue Sandahl; Donna Drummond; and
David Gepner.
Staff Present:
Steve Devich, Executive Director; Bruce Palmborg, Community
Development Director; Bruce Nordquist, Housing and Redevelopment
Manager; Patrick Smith, Community Development Manager; Chris Regis,
Finance Manager; and Nancy Gibbs, City Clerk.
Item #1
City Clerk Gibbs administered the oath of office to Commissioner David Gepner.
Item #2
City Clerk Gibbs administered the oath of office to Commissioner Donna Drummond.
It m#3
M/Helmberger, S/Gepner that Sue Sandahl be elected as Chair of the HRA for 2006.
HRA Meeting Minutes
-2-
January 17, 2006
Motion carried 5-0.
MlDrummond, S/Sandahl that Joan Helmberaer be elected as Vice-Chair of the HRA for
2006.
Motion carried 5-0.
M/Sandahl, S/Kirsch that Donna Drummond be elected as Secretary of the HRA for 2006.
Motion carried 5-0.
Item #4
M/Helmberger, S/Gepner to approve the minutes of Reaular HRA Meetina of December 19.
2005.
Motion carried 5-0.
Item #5
Commissioner Kirsch asked Executive Director Devich to explain claims and payroll to new
Commissioners Gepner and Drummond.
Executive Director Devich made a brief report regarding the claims and payroll process.
M/Kirsch, S/Helmberger to approve the aQenda.
Motion carried 5-0.
Item #6
Commissioner Gepner asked that Item D be removed from the consent calendar and
placed on the regular agenda as Item 7 A.
A. Approved designating Community Development Director as Acting Executive Director of HRA in
event Executive Director is absent from City S.R. NO.2
B. Approved resolutions designating official depositories for HRA, including collateral, for 2006 S.R.
NO.3
HRA RESOLUTION NO. 960
RESOLUTION DESIGNATING U.S. BANK
A DEPOSITORY OF FUNDS OF THE HRA OF RICHFIELD
FOR THE YEAR 2006
HRA Meeting Minutes
-3-
January 17, 2006
HRA RESOLUTION NO. 961
RESOLUTION DESIGNATING THE M&I MARSHALL & ILLSLEY BANK
A DEPOSITORY OF FUNDS OF THE HRA OF RICHFIELD
FOR THE YEAR 2006
HRA RESOLUTION NO. 962
RESOLUTION DESIGNATING CERTAIN SAVING AND LOAN ASSOCIATIONS
AND BANKS AS DEPOSITORIES FOR THE INVESTMENT OF HOUSING AND
REDEVELOPMENT AUTHORITY OF RICHFIELD FUNDS IN 2006
HRA RESOLUTION NO. 963
RESOLUTION DESIGNATING CERTAIN FINANCIAL
INSTITUTIONS AS DEPOSITORIES FOR THE INVESTMENT OF
HOUSING AND REDEVELOPMENT AUTHORITY OF RICHFIELD FUNDS IN 2006
These HRA Resolutions appear as HRA Resolution No.'s 960, 961, 962 and 963 in HRA Resolution
Book NO.7.
C. Approved resolution designating Richfield Sun-Current as official newspaper and Star Tribune
as second official newspaper of HRA for 2006 S.R. NO.4
HRA RESOLUTION NO. 964
RESOLUTION DESIGNATING AN OFFICIAL NEWSPAPER
FOR 2006
This HRA Resolution appears as HRA Resolution No. 964 in HRA Resolution Book NO.7.
D. Removed from the Consent Calendar and placed on the regular agenda for consideration as
Item 7 A.
Item #7 A
Commissioner Gepner asked for clarification on how and why this property was acquired.
Housing and Redevelopment Manager Nordquist explained the property acquisition
process.
M/Gepner, S/Helmberger to award contract for demolition of 6812 Emerson Lane to
Frattalone companies.
Motion carried 5-0.
HRA Meeting Minutes
-4-
January 17, 2006
Item #7
Finance Manager Regis presented Staff Report No.6 regarding increasing Marshall & IIsley
mortgage by $500,000 to provide substitute collateral for $500,000 Letter of Credit in favor of HRA
with stipulations and interim financing agreement for repayment of the 2003A bonds; and a
resolution regarding interfund loan in amount up to $718,000 for six months with interest at 6% per
annum, subject to City Council approval in accordance with MN Statute 469.178 Subd. 7.
Karen Dubrosky from Cornerstone was available for questions.
M/Gepner, S/Helmberger to approve the increase of the Marshall & Ilslev mortaaae bv
$500.000 to provide substitute collateral for the $500.000 Letter of Credit in favor of the Housina
and Redevelopment Authoritv. with stipulations and the interim financina aareement for the
repayment of the 2003A bonds: and authorizina the execution and delivery of appropriate
instruments.
Motion carried 5-0.
M/Helmberger, S/Drummond that the followina HRA resolution be adopted. that it be spread
in the HRA resolution book and that it be made part of these minutes:
HRA RESOLUTION NO. 965
RESOLUTION AUTHORIZING AN INTERFUND LOAN FOR ADVANCE OF
CERTAIN COSTS IN CONNECTION WITH TAX INCREMENT FINANCING
DISTRICT NO. 1286
Motion carried 5-0. This HRA Resolution appears as HRA Resolution No. 965 in HRA
Resolution Book NO.7.
Item #8
Community Development Manager Smith presented Staff Report No. 7 regarding a
resolution regarding an amendment to a Contract for Private Development with Ryan Companies
US, Inc. and extending Cedar Point Concept Plan submission date.
M/Kirsch, S/Gepner that the followina HRA resolution be adopted. that it be spread in the
HRA resolution book and that it be made part of these minutes:
HRA Meeting Minutes
-5-
January 17, 2006
HRA RESOLUTION NO. 966
AMENDMENT NUMBER 1 - CONTRACT FOR PRIVATE REDEVELOPMENT RYAN
COMPANIES US, INC.
Motion carried 5-0. This HRA Resolution appears as HRA Resolution No. 966 in HRA
Resolution Book NO.7.
Item #9
Executive Director Devich stated there was an inaccurate article in the Star Tribune
regarding Richfield and eminent domain. Mr. Devich talked with the reporter's supervisor and
requested a correction be published. The correction appeared on the website but not in the
newspaper. He also reported that he is talking with Representatives Thissen and Larson regarding
new legislation on eminent domain that will be considered during the Legislation Session this year.
Item #10
M/Helmberger, S/Kirsch that the followinq claims and pavroll be approved.
u.s. Bank
Section 8 Checks: 109417 - 109552
HRA Checks: 29314 - 29354
$ 190,344.50
$ 125,163.68
Motion carried 5-0.
The meeting was adjourned by unanimous consent at 8:42 p.m.
Date Approved: February 21, 2006
\..--11o/vL-1' /WY6J
Nancy Gibbs D
City Clerk