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061724 HRA MinutesHOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting June 17, 2024 CALL TO ORDER Acting Chair Hanson called the meeting to order at 7:00 p.m. in the Council Chambers. HRA Members Gordon Hanson, Acting Chair; Sean Hayford Oleary; John Young Present: and Mary Supple HRA Members Erin Vrieze Daniels Absent. Staff Present: Melissa Poehlman, Executive Director; Julie Urban, Assistant Community Development Director; Jan Youngquist, Economic Development Manager; and LaTonia DuBois, Administrative Assistant. Others Present: Johnny Opara, JO Companies; Erik Bjorum, Pope Architects OPEN FORUM Acting Chair Hanson gave instructions on how to participate in the open forum. No one spoke. APPROVAL OF THE MINUTES M/Supple, S/Hayford Oleary to approve the minutes of the Housing and Redevelo meet Authori!j meeting of May 20 2024. Motion carried: 4-0 ITEM #1 i APPROVAL OF THE AGENDA MNoung, S/Hayford Oleary to approve the agenda. Motion carried: 4-0 HRA Meeting Minutes -2- June 17, 2024 ITEM 92 CONSIDERATION OF A PRELIMINARY DEVELOPMENT AGREEMENT WITH JO COMPANIES, LLC FOR THE DEVELOPMENT OF 40 UNITS OF AFFORDABLE HOUSING AT 6501-25 PENN AVENUE SOUTH. Assistant Community Development Director Urban presented the report. Commissioner Young inquired about the process for implementation of the project. Assistant Community Development Director Urban explained the next steps if the Agreement was approved. Urban informed the commission about public meetings the developer is having with the community. Commissioner Young inquired about style guides; Urban explained. Executive Director Poehlman explained design requirements in the zoning code. Commissioner Young inquired about the financing gap, Urban explained the financing process and how the gap is determined. Commissioner Hayford Oleary inquired about the funding amount and land cost. Urban explained why a tax increment district would not be created for this development. Commissioner Hayford Oleary inquired about how land value affects the HRA, Urban explained the cost of development. Commissioner Hayford Oleary Inquired about landscape buffers for parking. Commissioner Supple inquired about which units would be accessible. Urban explained the desire for a mix of unit sizes, it has not been decided or discussed yet, but that would be a desired outcome of the HRA. Commissioner Hanson inquired about an environmental study and how it could affect funding. Urban explained studies that had taken place and that major contamination had not been discovered and informed the commission about resources available. Commissioner Hanson inquired about the lack of space for landscaping. The developers expressed plans to find solutions for the lack of space available for landscaping, and that community outreach would take place. The developers explained the reasoning for will be looking further into landscaping and parking design. M/Hayford Oleary, S/Supple to adopt a resolution approving the execution and delive of a Prelimina Development Agreement with JO Companies, LLC for the development of 40 units of affordable housing on Housing and Redevelopment Authority - owned property located at 6501-6525 Penn Avenue South. Motion carried: 4-0 HRA Meeting Minutes -3- June 17, 2024 Commissioner Hanson stated that he supported the development, but expressed concern for the lack of commercial space, and the community's desire for commercial space on Penn Avenue. Commissioner Hayford Oleary spoke about the design of the project. ITEM #3 CONSIDERATION OF THE ADOPTION OF A RESOLUTION APPROVING AN EXTENSION OF THE AMENDED AND RESTATED CONTRACT FOR PRIVATE DEVELOPMENT WITH 101 E 66TH ST LLC RELATED TO THE CONSTRUCTION OF AN 80-UNIT MIXED USE PROJECT AT 101 - 66TH STREET EAST. Economic Development Manager Youngquist presented the report. Commissioner Supple inquired about starting the project over and how quickly new land use approvals could occur again. Youngquist explained the difficulties that would occur if the item was not approved. Executive Director Poehlman explained the current expiration date would not allow time for the district to remain. M/Young, S/Supple to adopt a resolution approving an extension of the Amended and Restated Contract for Private Develo ment with 101 E 66th ST LLC. Motion carried: 4-0 ITEM #4 1 HRA DISCUSSION ITEMS Commissioner Supple asked for an update on HRA owned land near the underpass. Youngquist provided an update on the Veledrome proposal. ITEM #5 1 EXECUTIVE DIRECTOR'S REPORT None. ITEM #6 CLAIMS M/Supple, S/Hayford Oleary that the following claims be approved: HRA Meeting Minutes -4- June 17, 2024 U.S. BANK 6/17/2024 HRA Checks: #37056 - 37076 $57,150.02 Section 8 Checks: #135851 - 135929 $204,297.13 TOTAL $261,447.15 Motion carried: 4-0 ITEM #9 1 ADJOURNMENT The meeting was adjourned by unanimous consent at 7:46 p.m. Date Approved: August 19, 2024 Z 1-aTo a DuBois Administrative Assistant Gord6n Hanson HRA Acting Chair Melissa Poehlman Executive Director