HomeMy WebLinkAbout2018-02-15 HRA Regular Meeting MinutesMINUTES
OF REGULAR MEETING
OF THE EDINA HOUSING AND REDEVELOPMENT AUTHORITY
FEBRUARY 15, 2018
7:30 A.M.
1. CALL TO ORDER
Chair Hovland called the HRA meeting to order at 7:31 a.m.
II. ROLLCALL
Answering rollcall were Commissioners Brindle, Fischer, Chair Hovland, and Stewart.
Commissioner Staunton arrived at 7:35 a.m.
111. APPROVAL OF MEETING AGENDA
Motion made by Commissioner Fischer seconded by Commissioner Brindle amending the agenda
by removing Consent Agenda Items V.C. Approve Temporary Construction Easement for 3948
Market Street, and V.E. Release Agreement with Village Homes of Centennial Lakes
Condominium Associations, Inc., and approving the Meeting Agenda.
Ayes: Brindle, Fischer, Hovland, Staunton, Stewart
Motion carried.
IV. COMMUNITY COMMENT
No community comment was received.
V. CONSENT AGENDA ADOPTED
Motion made by Commissioner Fischer seconded by Commissioner Brindle approving the consent
agenda as revised to remove Items V.0 Approve Temporary Construction Easement for 3948
Market Street and V.E. Release Agreement with Village Homes of Centennial Lakes
Condominium Associations, Inc., as follows:
V. A. Approve minutes of February I, 2018, Regular HRA Meeting.
V.B Approve Amendment to Contract for Private Development, Edina Flats 4416 Valley View
Road and 6120 Kellogg Avenue.
V.D. Amendment to Real Estate Purchase Agreement, 6120 Kellogg Avenue.
Ayes: Brindle, Fischer, Hovland, Staunton, Stewart
Motion carried.
ITEMS REMOVED FROM THE CONSENT AGENDA
V.C. Approve Temporary Construction Easement for 3948 Market Street
Commissioner Brindle said she had safety concerns with the tower crane moving equipment over Market Street
while drivers passed under the crane. She suggested monitoring traffic during crane operations or closing Market
Street. Economic Development Manager Neuendorf said the crane operation will be ongoing for approximately
18 months and closing Market Street would break a promise to the business owners. The consensus was to stop
traffic during those times when the crane was in operation.
Motion made by Commissioner Brindle seconded by Commissioner Stewart approving the
temporary construction easement for 3948 Market Street.
Ayes: Brindle, Fischer, Hovland, Staunton, Stewart
Motion carried.
V.E. Release Agreement with Village Homes of Centennial Lakes Condominium Associations,
Inc.
Chair Hovland asked if legal counsel was sought in the proposed settlement and Finance Director Uram
responded yes.
Motion made by Chair Hovland seconded by Commissioner Brindle approving the release
agreement with Village Homes of Centennial Lakes Condominium Associations, Inc.
Ayes: Brindle, Fischer, Hovland, Staunton, Stewart
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Minutes/Housing and Redevelopment Authority/February 15, 2018
Motion carried.
VI. REPORTSIRECOMMENDATIONS — (Favorable vote of majority of HRA Board Members present to
approve except where noted).
VI.A. Request for Tax Increment Financing — Aeon 4040 Affordable Apartments
Economic Development Manager Neuendorf said Aeon was interested in doing a couple affordable housing
projects in Edina and Aeon has requested financial assistance for their first project at 4040 W. 70th Street. Aeon
plans to build 90 units with 80 being affordable, far exceeding the City's policy. The property was in an area
where Tax Increment Funding (TIF) could be used, plus other funding sources that Aeon are exploring. Mr.
Neuendorf asked if the HRA would consider TIF funding and be first to pledge funds to the project. He said Mr.
Jay Lindgren, Dorsey & Whitney, and Mr. Nick Anhut, Ehlers & Associates, have looked at both the legal and
financial funding options. Mr. Neuendorf recommended moving forward.
Commissioners discussed funding sources proposed by Aeon, including TIF money and Edina Housing
Foundation's interest in participating; how the current TIF legislation works and how TIF money would be
expensed; the concept of allowing developers to bank affordable housing credit in one building for exclusion
from another; not concentrating affordable housing in one area; understanding how this fits into a larger strategy
and the best way to create a structure; how to spend housing credit money already paid by developer; and
inviting the Edina Housing Foundation to a meeting to get their feedback. Commissioners gave permission for
staff to move forward.
VI.B. HRA Meeting: Reschedule March I Meeting
Motion made by Commissioner Brindle seconded by Commissioner Stewart approving
rescheduling of the March I HRA meeting to March 29.
Ayes: Brindle, Fischer, Hovland, Staunton, Stewart
Motion carried.
VI.C. MOTION TO CLOSE MEETING OF THE EDINA HRA AS PERMITTED BY MS. 13D.05
SUBDIVISION 3 TO DICUSS THE POTENTIAL SALE OF REAL PROPERTY LOCATED AT
5146 EDEN AVENUE
Motion made by Commissioner Staunton seconded by Commissioner Brindle to close the
meeting of the Edina HRA as permitted by MS. 13D.05 Subdivision 3, to discuss the potential sale
of real property located at 5146 Eden Avenue.
Ayes: Brindle, Fischer, Hovland, Staunton, Stewart
Motion carried.
VI.D. CLOSED DISCUSSION OF POTENTIAL SALE OF REAL ESTATE — 5146 EDEN AVENUE
Economic Development Director Neuendorf along with consultants, Jay Lindgren, Dorsey & Whitney and Nick
Anhut, Ehlers & Associates, presented an update of the proposed sale of 5146 Eden Avenue, along with
associated costs of the redevelopment. The HRA discussed the proposed redevelopment and gave staff
direction.
VI.E. MOTION TO MOVE BACK INTO OPEN SESSION
Commissioner Stewart made a motion seconded by Commissioner Staunton to move back into
open session.
Ayes: Brindle, Fischer, Hovland, Staunton, Stewart
Motion carried.
Commissioner Fischer made a motion seconded by Commissioner Stewart terminating the
Preliminary Development Agreement because the HRA has determined that the required and
preferred uses were not in alignment with the guiding principles for the site based on the
proposed financial structure.
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Minutes/Edina Housing and Redevelopment Authority/ February 15, 2018
Ayes: Brindle, Fischer, Hovland, Staunton, Stewart
Motion carried.
VII. ADJOURNMENT
There being no further business on the HRA Agenda, Chair Hovland declared the meeting adjourned at 9:1 I
a.m.
Respectfully submitted,
Scott Neal, Executive Director
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