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052024 HRA Minutes HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting May 20, 2024 CALL TO ORDER Chair Vrieze Daniels called the meeting to order at 7:00 p.m. in the Council Chambers. HRA Members Present: Erin Vrieze Daniels, Chair; Gordon Hanson; Sean Hayford Oleary; John Young and Mary Supple HRA Members Absent: None Staff Present: Melissa Poehlman, Community Development Director; Julie Urban, Assistant Community Development Director; Jan Youngquist, Economic Development Manager; and LaTonia DuBois, Administrative Assistant. OPEN FORUM Chair Vrieze Daniels gave instructions on how to participate in the open forum. No one spoke. APPROVAL OF THE MINUTES M/Hayford Oleary, S/Supple to approve the minutes of the 1) Joint Housing and Redevelopment Authority, Planning Commission and City Council work session of April 15, 2024; and 2) the Housing and Redevelopment Authority meeting of April 15, 2024. Motion carried: 5-0 ITEM #1 APPROVAL OF THE AGENDA M/Hayford Oleary, S/Young to approve the agenda. Motion carried: 5-0 HRA Meeting Minutes -2- May 20, 2024 ITEM #2 APPROVAL OF THE CONSENT CALENDAR Community Development Director Poehlman presented the Consent Calendar. A. Consideration of a resolution approving an Assignment and Assumption Agreement and a Subordination Agreement for The Pines senior housing development. M/Hayford Oleary, S/Supple to approve the consent calendar. Motion carried: 5-0 ITEM #3 CONSIDERATION OF ITEMS, IF ANY, REMOVED FROM THE CONSENT CALENDAR None. ITEM #4 CONSIDER A RESOLUTION APPROVING THE EXECUTION AND DELIVERY OF A DONATION AGREEMENT WITH OLIN 1, LLC TO ACCEPT THE DONATION OF THE PROPERTY AT 1620 AND 1640 – 78TH STREET EAST TO THE HOUSING AND REDEVELOPMENT AUTHORITY. Economic Development Manager Youngquist presented the report. Commissioner Supple thanked the Mathwig family for the donation. Commissioner Hanson agreed. Commissioner Hayford Oleary inquired about property taxes. Economic Development Manager Youngquist explained the property taxes and expressed plans to apply for tax exemption through Hennepin County for 2025. Chair Vrieze Daniels expressed excitement for the development opportunities and inquired about the Velodrome project. Economic Development Manager Youngquist provided a status update. M/Supple, S/Hanson to adopt the resolution authorizing approving the execution and delivery of a Donation Agreement with Olin 1, LLC. Motion carried 5-0 ITEM #5 CONSIDERATION OF THE APPROVAL OF PROGRAM GUIDELINES FOR THE WOODLAWN TERRACE HOMEBUYER ASSISTANCE PROGRAM. Assistant Community Development Director Urban presented the report. HRA Meeting Minutes -3- May 20, 2024 Chair Vrieze Daniels inquired about the amount budgeted for the program and if it would be for the current year or if funds could be used in the future. Assistant Community Development Director Urban the current program is for 2024 and that the program would be assessed at the end of the year. Commissioner Hayford Oleary inquired about our other down payment assistance program and inquired about what would happen with the loan if the property owner sold before the term expired. Housing Manager Urban explained the difference between the programs and what the possible outcomes if the property was sold prior to the term of the loan. Commissioner Supple inquired about the utilities at Woodlawn Terrace. Urban provided a status update and explained the next steps in the process. M/Hayford Oleary, S/Young to approve Program Guidelines for the Woodlawn Terrace Homebuyer Assistance Program. Motion carried 5-0 ITEM #6 HRA DISCUSSION ITEMS Commissioner Young expressed appreciation of the playback of a recent work session he was unable to attend. ITEM #7 EXECUTIVE DIRECTOR’S REPORT Community Development Director Poehlman reported the lack of a bonding bill being passed for the Cycling Center and the need for this additional funding for the project. ITEM #8 CLAIMS M/Supple, S/Hayford Oleary that the following claims be approved: U.S. BANK 5/20/2024 HRA Checks: #37040 - 37055 $457,288.01 Section 8 Checks: #135772 - 135850 $204,749.67 TOTAL $662,037.68 Motion carried: 5-0 HRA Meeting Minutes -4- May 20, 2024 ITEM #9 ADJOURNMENT The meeting was adjourned by unanimous consent at 7:17 p.m. Date Approved: June 17, 2024 Erin Vrieze Daniels HRA Chair LaTonia DuBois Melissa Poehlman Administrative Assistant Community Development Director