HomeMy WebLinkAbout2017-04-04 HRA Regular Meeting Minutes MINUTES
OF THE EDINA HOUSING AND REDEVELOPMENT AUTHORITY
APRIL 4, 2107
• 8:36 P.M.
1. CALL TO ORDER
Chair Hovland called the HRA meeting to order at 8:36 P.M.
II. ROLLCALL
Answering rollcall were Commissioners, Fischer, Staunton, Stewart, and Chair Hovland.
Commissioner Brindle was absent.
111. APPROVAL OF MEETING AGENDA
Motion made by Commissioner Staunton seconded by Commissioner Stewart approving
the Meeting Agenda.
Ayes: Fischer, Staunton, Stewart, Hovland
Motion carried.
IV. CONSENT AGENDA ADOPTED
Motion made by Commissioner Staunton, seconded by Commissioner Stewart approving
the consent agenda as follows:
IV. A. Approve minutes of February 22, 2017 HRA Work Session; February 22, 2017
Regular HRA Meeting and March 21, 2017 HRA Work Session
V. ADOPT RESOLUTION 2017-03: AUTHORIZING AN INTERFUND LOAN FOR
ADVANCE OF CERTAIN COSTS IN CONNECTION WITH THE 66 WEST TAX
INCREMENT FINANCING DISTRICT
• Economic Development Manager Neuendorf updated the HRA on the status of the 66 West Apartment
building. In accordance with the April 5, 2016 Redevelopment Agreement, the HRA committed to a
$550,000 contribution to the project, payable in two installments. The first payment was made in 2016.
This Resolution authorizes an interfund loan to allow the final payment to be made upon completion.
Motion made by Commissioner Staunton, seconded by Commissioner Fischer adopting
Resolution 2017-03 Authorizing An Interfund Loan For Advance Of Certain Costs In
Connection With The 66 West Tax Increment Financing District.
Ayes: Fischer, Staunton, Stewart, Hovland
Motion carried.
VI. WEST 49-112 STREET REDEVELOPMENT—PROJECT UPDATE
Economic Development Manager Neuendorf provided an update of the West 49 '/z Street
Development. Mr. Neuendorf noted the retail businesses still told him they required adequate parking
at 50th & France to satisfy the expectations of the employees and customers. Mr. Neuendorf explained
that a traffic & parking impact report was completed and would be presented to the Planning
Commission on April 5, 2017. The Council asked questions regarding proposed parking levels on the
Northside, the valuation of the properties, and the public investment amount.
No action, Information only
VII. ADJOURNMENT
Chair Hovland declared the meeting adjourned at 8:57 p.m.
Respectfully submitted,
•
Scott Neal, Ex cutive Director
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