HomeMy WebLinkAbout1981-08-03 HRA Regular Meeting MINUTES
OF HOUSING AND REDEVELOPMENT AUTHORITY OF EDINA
AUGUST 3, 1981
7:00 P.M.
The Housing and Redevelopment Authority of Edina met at 7:00 p.m. in the Edina
City Council Chambers. Present were Members Bredesen, Richards, Schmidt,
Turner and Courtney.
MINUTES of July 6, 1981, were approved as submitted by motion of Member Schmidt,
seconded by Member Richards.
Ayes: Bredesen, Richards, Schmidt, Turner, Courtney
Nays: None
Motion carried.
AMENDMENT TO SOUTHEAST EDINA REDEVELOPMENT PLAN CONTINUED INDEFINITELY. As
recommended by Mr. Hughes, Member Bredesen's motion was seconded by Member
Turner, continuing indefinitely consideration of an amendment to the Southeast
Edina Redevelopment Plan.
Ayes: Bredesen, Richards, Schmidt, Turner, Courtney
Nays: None
Motion carried.
WINFIELD PROPERTY PURCHASE AUTHORIZED. Mr. Rosland recalled that the City has,
for some time, been working with Winfield Development toward development of a
Mixed Development District in the area lying West of York Ave. and South of
W. 76th Street, but that plans have not been developing smoothly. He explained
the present proposal to purchase the land from the Windfield Developments at their
present direct cost of $3,300,000.00. He advised that the reason for the pur-
chase at this time is to take the land out of the high interest costs that the
City will eventually have to pay, as well as to provide time for the City to
develop and bring to fruition the Mixed Development District. Mr. Rosland
explained that the purchase of the land at this time will not be considered the
final purchase price, since this price still has to be negotiated together with
other related matters involved in this proposed project. Council was further
advised that, if, for any reason the project does not evolve in its present
form, Winfield will be provided the opportunity to repurchase the property for
redevelopment purposes pursuant to the Southeast Edina Redevelopment Plan at any
time within twelve months from the time the project is aborted. Mr. Rosland
explained that the repurchase price would be the same price as that paid by the
City, together with the carrying costs incurred by the City in the form of inter-
est, taxes, assessments, attorneys' fees and other costs incurred in connection
with the sale of bonds to finance this purchase and in owning the property. Mem-
ber Richards thereupon offered the following resolution and moved its adoption:
RESOLUTION AUTHORIZING PURCHASE OF
WINFIELD DEVELOPMENTS, INC. , PROPERTY
BE IT RESOLVED that the Edina City Council does hereby authorize purchase of the
following described property from Winfield Developments, Inc. , for a cost of
$3,300,000.00, with the condition that, if the proposed mixed development pro-
ject does not evolve in its present form, Winfield Developments, Inc. , will be
provided the opportunity to repurchase the property for redevelopment purposes
pursuant to the Southeast Edina Redevelopment Plan at any time within twelve
months from the time the project is aborted, and further with the condition that
the repurchase-price would be the same as that paid by the City of Edina, to-
gether with the carrying costs incurred by the City in the form of interest,
taxes, assessments, attorneys' fees and other costs incurred in connection with
the sale of bonds to finance this purchase and in owning the property:
That part of the West 500.5 feet of the East 859.375 feet of the Southeast •
Quarter of the Southwest Quarter of Section 32, Township 28, Range 24,
which lies Westerly and Southerly of the center line of York Ave. South,
as said center line is described in Book 73 of Hennepin County Records;
page 4017939; and
That part of the West 193.875 feet of the East 358.875 feet of the North
1211.68 feet of the Southeast Quarter of the Southwest Quarter, Section
32, Township 28, Range 24, lying Southerly of the center line of York Ave.
South, as said center line is described in Book 73 of Hennepin County
Records, page 4017939, according to the Government Survey thereof; and
That part of the South Half of the Southwest Quarter of Section 32, Town-
' ship 28, Range 24, described as beginning at a point on the South line
thereof 859.375 feet West along said South line from the Southeast corner
of the Southwest Quarter of said Section 32; thence West along said South
Line 445.5 feet; thence North, parallel to the East Line of said South-
west Quarter to the North line of the South half of the Southwest Quarter
of said Section 32. Thence East along said North Line 445.5 feet, more
or less, to an intersection with a line drawn North parallel to the East
Line of said Southwest Quarter, from the point of beginning; thence South
along said last described parallel line to the point of beginning, all
situated in Hennepin County, Minnesota, and registered as .is evidenced
by Certificate of Title No. 597374, except however, any part of the above
property that may be in Bloomington.
Motion for adoption of the resolution was seconded by Member Turner.
Rollcall:
Ayes: Bredesen, Richards, Schmidt, Turner, Courtney •
Nays: None
Resolution adopted.
SALE OF GENERAL OBLIGATION BONDS REQUESTED TO CONSUMMATE PURCHASE OF WINFIELD
DEVELOPMENTS, INC. , PROPERTY. Pursuant to being granted authority to purchase
the property of Winfield Developments, Inc. , Member Richards offered the follow-
ing resolution and moved its adoption:
RESOLUTION
BE IT RESOLVED by the Housing and Redevelopment Authority of Edina that the Edina
City Council is hereby requested to sell bonds for the purchase of the Winfield
Developments, Inc. , property, with principal and interest on said bonds to be
paid out of the tax increments from the Southeast Edina Redevelopment Area.
Motion for adoption of the resolution was seconded by Member Turner.
Rollcall:
Ayes: Bredesen, Richards, Schmidt, Turner, Courtney
Nays: None
Resolution adopted.
ACQUISITION OF LAND FOR ELERLY HOUSING REPORT CONTINUED TO AUGUST 17,1981. As
recommended by Mr. Hughes, Member Schmidt's motion was seconded by Member Brede-
sen, continuing the report on acquisition of land for elderly housing until Aug-
ust 17, 1981.
Rollcall:
Ayes: Bredesen, Richards, Schmidt, Turner, Courtney
Nays: None
Motion carried.
Member Schmidt's motion for adjournment was then seconded by Member Bredesen.
Adjournment at 7: 15 p.m.
Respec tfy11 submitt ,
L. Hughes
Executive Director