HomeMy WebLinkAboutHRA Resolution No. 2013-012 Authorizing TIF Funds BL 71 France Addition �1
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RESOLUTION NO. 2013-12
AUTHORIZING USE OF TIF FUNDS—LB 71 FRANCE ADDITION
(BYERLYS) DEVELOPMENT CONTRACT
WHEREAS, the Edina Housing and Redevelopment Authority(HRA) and City Council of the City of
Edina (City) previously established a redevelopment plan and a redevelopment project designated as the
Southeast Edina Redevelopment Plan pursuant to Minnesota Statutes in an effort to encourage the
development and redevelopment of certain designated areas within the City; and
WHEREAS, the City previously authorized roadway and sidewalk improvements known as
Project BA-404 on France Avenue between 76th Street and 66th Street; and
WHEREAS, the HRA previously authorized the preparation of plans and construction oversight to
build Project BA-404; and
WHEREAS, on May 7, 2013, the HRA authorized the preparation of engineering plans to design
the Phase IV improvements as conceived in the July 2007 Promenade Plan; and
WHEREAS, on June 4, 2013, the City and HRA approved Resolutions 2013-47 and 2013-9,
• respectively, to authorize road improvements known as Project BA-417 on Hazelton Road between
France Avenue and York Avenue; and
WHEREAS, also on June 4, 2013, the City approved Resolutions 2013-6 and 2013-4S which
authorized the rezoning of the property located at 7171 France Avenue and granted approval to LB
Edina, LLC (the Developer) to construct a new grocery store in addition to three multi-family housing
buildings along with street level commercial space; and
WHEREAS, the boundaries of each of these public improvements abut the private
redevelopment and coordination is essential to construct the improvements in an efficient and cost-
effective manner; and
WHEREAS, the City and Developer have prepared a strategy to share construction responsibility
and costs in a manner that achieves critical timelines and allows each project to blend together to
achieve mutual community goals; and
WHEREAS, this strategy results in the Developer and City constructing limited portions of the
improvements that the other originally intended to build; and
WHEREAS, the City and Developer agree to reimburse each other for the costs related to the
limited portions of the work that each originally intended to incur.
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CITY OF EDINA
4801 West 50th Street•Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 • Fax 952-826-0390
Res 2013-12
Page Two
NOW, THEREFORE, BE IT RESOLVED, the Edina Housing and Redevelopment Authority authorizes the use
of TIF funds from the Southeast Edina Redevelopment Project Area to reimburse the Developer, LB
Edina, LLC for the costs associated with the construction of public improvements specified in Paragraph
7 of the Development Contact dated August 5, 2013.
Dated: August 5, 2013.
Attest: alv'4t
Ann Swenson, Secretary James B. Hovland, Chair
STATE OF MINNESOTA)
COUNTY OF HENNEPIN) SS
CITY OF EDINA )
CERTIFICATE OF EXECUTIVE DIRECTOR
I, the undersigned duly appointed and acting Executive Director for the Edina Housing and
Redevelopment Authority do hereby certify that the attached and foregoing Resolution is a true and
correct copy of the Resolution duly adopted by the Edina Housing and Redevelopment Authority at its
Regular Meeting of February 19, 2013, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of
Executive Director