HomeMy WebLinkAbout1985-08-19 HRA Regular Meeting EDINA HOUSING AND REDEVELOPMENT AUTHORITY
EDINA CITY COUNCIL
MINUTES OF JOINT MEETING
AUGUST 19, 1985
Answering rollcall were Commissioners/Councilmembers Bredesen, Kelly, Richards,
Turner and Courtney.
PUBLIC HEARING CONDUCTED ON AMENDMENT TO 1985 AMENDMENT TO SOUTHEAST EDINA
REDEVELOPMENT PLAN AND SALE OF LAND TO THE HRA. Affidavits of Notice were presented
by Clerk, approved and ordered placed on file. Attorney Erickson explained that
this public hearing is for the purpose of approving an Amendment to the 1985
Amendment to the Southeast Edina Redevelopment Plan for the sale of land to the
Edina Housing and Redevelopment Authority. The amendment is necessary to add
three lots which were not included in the 1985 project area and to increase the
bond issue from $11,000,000 to $12,000,000 for the Edinborough project. The
additional action by the City would be to authorize the sale of that land, which
is owned by the City, to the HRA so it can be included in the project. The sale
price listed in the resolution is the same sale price at which the balance of the
land is being sold to the developers, less some interest factor. Mr. Erickson
recommended adoption of the resolutions. No objections being heard, Commissioner
Turner introduced the following resolution and moved its adoption:
RESOLUTION APPROVING THE FIRST AMENDMENT
TO THE 1985 AMENDMENT TO THE SOUTHEAST
EDINA REDEVELOPMENT PLAN
BE IT RESOLVED, by the Board of Commissioners of the Housing and Redevelopment
Authority of Edina, Minnesota (the "HRA") , as follows:
1. The HRA and the Edina City Council have previously approved a redevelopment
plan, as defined in Minnesota Statutes, Section 462.421, subdivision 15,
designated as the Southeast Edina Redevelopment Plan (the "Plan") , which also
constitutes a redevelopment project, as defined in Minnesota Staututes,
Section 445.421, subdivision 13, and a tax increment financing plan, pursuant
to the provisions of Minnesota Statutes, Section 273.74. The Plan established
a tax increment financing district, as defined in Minnesota Statutes,
Section 273.73, subdivision 9. The HRA and the Edina City Council have previously
approved amendments to the Plan, designated as the 1985 Amendment to
the Southeast Edina Redevelopment Plan (the "1985 Amendment") . It has been
proposed that the HRA approve additional amendments to the Plan designated as
the First Amendment to the 1985 Amendment to the Southeast Edina Redevelopment
Plan (the "First Amendment") .
2. The First Amendment is described in the document entitled "First Amendment
to the 1985 Amendment to the Southeast Edina Redevelopment Plan" which has been
presented to this Board, and the First Amendment as so described is hereby
approved, and the Executive Director of the HRA and the attorney for the HRA
are hereby authorized and directed to proceed with the implementation of the
1985 Amendment as amended by the First Amendment.
Motion for adoption of the resolution was seconded by Commissioner Bredesen.
Rollcall:
Ayes: Commissioners Bredesen, Kelly, Richards, Turner, Courtney
Resolution adopted.
ATTEST,
Chairman
ecutive Ifire for
H.R.A./COUNCIL MINUTES
August 19, 1985
Page Two
Councilmember Kelly then introduced the following resolution and moved its
adoption:
RESOLUTION APPROVING THE FIRST AMENDMENT
TO THE 1985 AMENDMENT TO THE SOUTHEAST
EDINA REDEVELOPMENT PLAN AND SALE OF
LAND TO THE HOUSING AND REDEVELOPMENT
AUTHORITY OF EDINA, MINNESOTA
BE IT RESOLVED by the City Council of the City of Edina, Minnesota, as follows:
1. Recitals. This Council and the Housing and Redevelopment Authority of Edina,
Minnesota (the "HRA") have previously approved a redevelopment plan and rede-
velopment project, under Minnesota Statutes, Section 462.411, et. se q. , and
a tax increment financing plan, as defined in Minnesota Statutes, Section 273.73,
subdivision 9, designated as the Southeast Edina Redevelopment Plan (the "Plan") .
The Plan established a tax increment financing district, as defined in Minnesota
Statutes, Section 273.73, subdivision 9 (the "District") . This Council and the
HRA have previously approved amendments to the Plan designated as the 1985 Amend-
ment to the Southeast Edina Redevelopment Plan (the "1985 Amendment") , which
include, among other things, the establishment of an interest reduction program
under the provisions of Minnesota Statutes, Section 462.445, subdivision 11.
The HRA has approved additional amendments to the Plan designated as the First
Amendment to the 1985 Amendment to the Southeast Edina Redevelopment Plan
(the "First Amendment") and has requested that this Council approve the First
Amendment. This Council held a public hearing on the First Amendment on
August 19, 1985, after notice of the public hearing was published in The Edina Sun,
t]i - official newspaper of the City, on August 7, 1985, at which time all persons
deb�..ring to be heard on the subject were given an opportunity with respect thereto.
2. Approval. The First Amendment is hereby approved.
3. Findings Under the Municipal Housing and Redevelopment Act. Pursuant to
Minnesota Statutes, Section 462.521, it is hereby found that:
(A) The land located within the 1985 Project Area, as defined in the First
Amendment would not be made available for redevelopment without financial aid
sought;
(B) The redevelopment plans for the 1985 Project Area as set forth in the 1985
Amendment as amended by the First Amendment will afford maximum opportunity,
consistent with the sound needs of the City as a whole, for the redevelopment
of the 1985 Project Area by private enterprise; and
(C) The 1985 Amendment as amended by the First Amendment conforms to the general
plan for the development of the City as a whole.
4. Tract 5 as described in the First Amendment is hereby authorized to be sold
to the HRA for a price equal to $5.94 per square foot, and the Mayor and City
Manager are hereby authorized to execute and deliver a quit claim deed to said
Tract 5, in exchange for the sale price, and to execute and deliver such other
documents, and to take such other action, as may be necessary or desirable to
consummate such sale.
Motion for adoption of the resolution was seconded by Councilmember Turner.
Rollcall:
Ayes: Councilmembers Bredesen, Kelly, Richards, Turner, Courtney
Resolution adopted.
ATTEST:
May o r
City Clerk
H.R.A./COUNCIL MINUTES
August 19, 1985
Page Three
There being no further business on the agenda for the Joint HRA and City
Council Meeting, Commissioner/Councilmember Kelly's motion to adjourn was
seconded by Commissioner/Councilmember Turner an carried unani ous
Gordon L. Hu es
Executive Di 'ector