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062023 HRA minutes HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting June 20, 2023   CALL TO ORDER   HRA Commissioner Hanson called the meeting to order at 7:00 p.m. in the Council Chambers. Hanson appointed Commissioner Hayford Oleary as temporary secretary for the meeting. HRA Members Present: Mary Supple; Sean Hayford Oleary; and Gordon Hanson  HRA Members Absent Erin Vrieze Daniels, Chair  Staff Present: Melissa Poehlman, Executive Director; Julie Urban, Assistant Community Development Director; Jan Youngquist, Economic Development Manager; and Dustin Leslie, City Clerk.      OPEN FORUM   No speakers. APPROVAL OF THE MINUTES   M/Supple, S/Hayford Oleary to approve the minutes of the 1) Regular Housing and Redevelopment Authority meeting minutes of April 17, 2023; 2) the Special Housing and Redevelopment Authority meeting minutes of June 5, 2023; and the Special Housing and Redevelopment Authority work session minutes of June 7, 2023. Motion carried: 3-0 ITEM #1  APPROVAL OF THE AGENDA   M/Hayford Oleary, S/Supple to approve the agenda. Motion carried: 3-0 ITEM #2  APPROVAL OF THE CONSENT CALENDAR   Executive Director Poehlman presented the Consent Calendar. Consideration of a Resolution authorizing execution of a Developer Agreement with the West Hennepin Affordable Land Housing Trust, dba Homes Within Reach, for the acquisition, rehabilitation, and sale of houses under the New Home Program (Staff Report No. 11). Resolution No. 1454 RESOLUTION APPROVING DEVELOPER AGREEMENT WITH WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST DBA HOMES WITHIN REACH Consideration of the adoption of a resolution approving a Subordination of the Contract for Private Redevelopment and a Collateral Assignment of the Tax Increment Financing Note for Woodlake Centre and authorize the Executive Director to execute an Estoppel Certificate (Staff Report No. 12). Resolution No. 1455 RESOLUTION APPROVING SUBORDINATION AGREEMENT, COLLATERAL ASSIGNMENT OF TIF NOTE, AND ESTOPPEL CERTIFICATE FOR WOODLAKE NATURE CENTRE M/Supple, S/Hayford Oleary to approve the Consent Calendar. Motion Carried: 3-0 ITEM #3  CONSIDERATION OF ITEMS, IF ANY, REMOVED FROM THE CONSENT CALENDAR   None. ITEM #4  CONSIDER A RESOLUTION APPROVING A REDEVELOPMENT AGREEMENT WITH BEACON INTERFAITH HOUSING COLLABORATIVE FOR THE DEVELOPMENT OF APPROXIMATELY 38 UNITS OF SUPPORTIVE HOUSING AT 6613-25 PORTLAND AVENUE   Assistant Community Development Director Urban gave the report to the HRA Commission. Commissioner Supple asked the developer representative if they were taking changes offered by community members at a neighborhood meeting into account. The representative spoke about how they were planning to keep trees in the area, put a fence around the area for security, and looking at the feasibility of dropping it to a two story building. He noted that after studying the issue, two stories would not be possible but was taking steps to make the building less imposing. Commissioner Supple asked about the public hearing process. Assistant Director Urban spoke about the process and the proposed timeline once the application was received to the Commission. Commissioner Hayford Oleary asked about the $500,000 grant from the Affordable Housing Trust Fund and how that number was calculated. Assistant Director Urban spoke about the process of negotiations between the city and Beacon and why the Trust Fund was chosen. Commissioner Hayford Oleary asked if there would be additional needs from the HRA for this in the future. Assistant Director Urban started there would not be more financial asks for this project in the future. Commissioner Hanson asked the developer why the amount of units changed and why some one-bedroom units became studios. The representative spoke about how they were maximizing the space for the layout of the building. Commissioner Hayford Oleary asked how long they would commit to 30% AMI and what would happen if they sold the building. Assistant Director Urban stated that with the tax funds they were committing to 40 years of affordability. Commissioner Supple asked about income eligibility and what would happen if someone’s income level rose above the eligibility limits. Assistant Director Urban stated that residents were required to certify income annually and if the income level was 140% of the eligible amount, they would have to move out. Commissioner Supple spoke about how she thought this was a good use of the Affordable Housing Trust Fund as it was targeting the area of affordability that the Commissioner has been working on. A member of the audience asked to speak and the Commission allowed it. Sarah Ochoa – 6612 Oakdale Ave: Resident said she lived right behind the proposed property area and asked the developer if there would be trees and a fence. The representative stated both would be added. She also asked about parking and if any other areas of the city were considered before this plot of land. Assistant Director Urban spoke about initial conversations with Beacon about the project and spoke about the different sites that were considered. Commissioner Hayford Oleary asked if other uses have been considered for this site in the past. Assistant Director Urban spoke about previous townhouse and multifamily proposals that ultimately did not move forward. Commissioner Hanson spoke about challenges in marketing the land in the past. M/Supple, S/Hayford Oleary to approve the resolution approving a Redevelopment Agreement with Aster Commons Limited Partnership and Aster Commons GP LLC for the development of up to 38 units of affordable, supportive housing 6613-25 Portland Avenue. Motion carried: 3-0 Resolution No. 1456 RESOLUTION APPROVING A CONTRACT FOR PRIVATE REDEVELOPMENT WITH ASTER COMMONS LIMITED PARTNERSHIP AND ASTER COMMONS GP LLC Commissioner Hanson stated that this was not the final approval for the project and that there would be additional discussions and opportunities for public hearings. ITEM #5  CONSIDER A RESOLUTION APPROVING THE AMENDED AND RESTATED CONTRACT FOR PRIVATE DEVELOPMENT WITH 101 E 66TH ST LLC AND AUTHORIZING THE ISSUANCE OF A TAX INCREMENT LIMITED REVENUE NOTE RELATED TO THE CONSTRUCTION FOR AN 80-UNIT MIXED USE PROJECT AT 101 – 66TH STREET EAST   Executive Director Poehlman gave the report to the Commission. Commissioner Hayford Oleary asked the developer to provide an overall status of the project. Developer Representative Garrett Duncan gave a status update stating they are nearing the completion of the permit process. He further stated they would like to start construction in the next few months. Commissioner Hayford Oleary asked staff to explain the permit process. Executive Director explained the permit process and why there were delays. Commissioner Hayford Oleary spoke about a structure at the site having to be torn down due to vandalism and asked if that would affect the timeline at all. Executive Director Poehlman stated it would not affect the timeline. Commissioner Supple asked about the area near the site that holds water and if that was part of the development. Executive Director Poehlman stated that area was a separate storm water area owned by the city. Commissioner Supple asked what would happen with the TIF if there were more delays. Executive Director Poehlman explained what effects delays would have on TIF. M/Hayford Oleary, S/Supple to approve a resolution approving the Amended and Restated Contract for Private Development with 101 E 66th St LLC and authorizing the issuance of a Tax Increment Limited Revenue Note. Motion carried: 3-0 Resolution No. 1457 RESOLUTION APPROVING THE AMENDED AND RESTATED CONTRACT FOR PRIVATE DEVELOPMENT WITH 101 E 66TH ST LLC AND AUTHORIZING THE ISSUANCE OF A TAX INCREMENT LIMITED REVENUE NOTE ITEM #6  CONSIDER A REQUEST TO MODIFY (2024) AND THEN TERMINATE (2025) BEST BUY’S MINIMUM ASSESSMENT AGREEMENT   Executive Director Poehlman gave the report to the Commission. Commissioner Supple asked for an update on School District and County giving approvals. Executive Director Poehlman stated staff reached out to Hennepin County and School Board after the Council approved the agreement. Best Buy representative Tracy Smith stated they reached out to School District and the County. She stated the County is reviewing its approval. Tracy Smith further stated that the Superintendent told her there would be no financial impact to the district and that Best Buy was hoping for approval by June 26. Commissioners Supple and Hanson thanked all parties for their work on this agreement. M/Hayford Oleary, S/Supple to approve a resolution approving agreements with Best Buy Co., Inc. Motion carried: 3-0. Resolution No. 1458 RESOLUTION APPROVING AGREEMENTS WITH BEST BUY CO., INC. ITEM #7  HRA DISCUSSION ITEMS   Commissioner Hanson spoke about the World Fair announcement. ITEM #8  EXECUTIVE DIRECTOR REPORT   Executive Director Poehlman stated staff received preliminary estimates regarding the metro sales tax that was approved by the legislature for housing purposes. The city would be getting approximately $453,000 to work on affordable housing. Commissioner Supple asked if that would go to the city or HRA. Executive Director Poehlman stated it would likely go to the city. ITEM #9  CLAIMS   M/Supple, S/Hayford Oleary that the following claims be approved: U.S. BANK 5/11/2023  HRA Checks: #34355-34362  $27,269.24  Section 8 Checks: #134816-134895 $203,433.15  TOTAL  $230,702.39   U.S. BANK 6/20/2023  HRA Checks: #34363-36902  $73,864.05  Section 8 Checks: #134896-134972 $202,251.37  TOTAL  $276,115.42   Motion carried: 3-0 ITEM #10  ADJOURNMENT   The meeting was adjourned by unanimous consent at 7:34 p.m. Date Approved: August 21, 2023 Gordon Hanson HRA Commissioner Dustin Leslie Melissa Poehlman City Clerk Executive Director