HomeMy WebLinkAbout2018-05-10 HRA Regular Meeting MinutesMINUTES
OF REGULAR MEETING
OF THE EDINA HOUSING AND REDEVELOPMENT AUTHORITY
MAY I0, 2018
7:30 A.M.
1. CALL TO ORDER
Chair Hovland called the HRA meeting to order at 7:33 a.m.
II. ROLLCALL
Answering rollcall were Commissioners Fischer, Staunton, Stewart and Chair Hovland. Absent was
Commissioner Brindle.
111. APPROVAL OF MEETING AGENDA
Motion made by Commissioner Fischer seconded by Commissioner Stewart amending the agenda
by removing Consent Agenda Item V.B. Approve Second Amendment to Market Street
Redevelopment and approving the Meeting Agenda.
Ayes: Fischer, Staunton, Stewart, Hovland
Absent: Brindle
Motion carried.
IV. COMMUNITY COMMENT
Ms. Sharon Gregoire, 5101 W. 44th Street addressed the HRA. Ms. Gregoire said the stairs currently in the
sketch plan for the Grandview Tower/Art Center Development were risky and handed out suggestions for
improvements.
V. CONSENT AGENDA ADOPTED
Motion made by Commissioner Fischer seconded by Commissioner Stewart approving the
consent agenda as follows:
V. A. Approve minutes of April 26, 2018 Regular HRA Meeting.
V.C. Approving the contract with Interstate Parking Company for valet parking services for
$25.00 per hour of service.
Ayes: Fischer, Staunton, Stewart, Hovland
Absent: Brindle
Motion carried.
VI. REPORTS/RECOMMENDATIONS — (Favorable vote of majority of HRA Board Members
present to approve except where noted).
VI.A. RESOLUTION 2018-03 SUPPORTING AFFORDABLY-PRICED HOUSING AT 4100
WEST 76TH STREET USING TAX INCREMENT FINANCING; AND
VI.B. RESOLUTION 2018-04 SUPPORTING AFFORDABLY-PRICED HOUSING AT 4100 WEST
76TH STREET
Economic Development Manager Neuendorf explained that Aeon, a non-profit real estate developer specializing
in affordable housing planned to construct a building that would have about 80 apartment units including a
combination of one, two, and three-bedroom units serving all population earning 30-60 percent of median
income. Mr. Neuendorf said Aeon has requested that the HRA be an early funder by contributing $925,000 tax
increment financing. He stated Aeon planned to apply to Minnesota Housing Finance Authority (MHFA) for their
largest funding source and financial support by local municipalities was given strong consideration when the
MHFA evaluates projects.
The HRA was in favor of the project but was concerned that not having a guiding policy or matrix made it difficult
to determine how much tax increment financing to contribute to affordable housing projects.
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Minutes/HRA/May 10, 2018
Vice President Blake Hopkins, Aeon, explained that the application deadline to MHFA was June 14. He stated
one of four applications were approved and the ones with a commitment of City funds were generally approved.
He stated the resolution had a claw back provision that allowed the City to recover the money if the application
was not approved.
Motion of Commissioner Staunton seconded by Commissioner Fischer approving Resolution No.
2018-03 supporting affordably-priced housing at 4100 West 76th Street using Tax Increment
Financing, and delaying for two weeks the approval of Resolution No. 2018-04 supporting
affordably-priced housing at 4100 West 76th Street.
Ayes: Fischer, Staunton, Stewart, Hovland
Absent: Brindle
Motion carried.
VI.C. REQUEST FOR TAX INCREMENT FINANCING FOR 4500 FRANCE AVENUE
Mr. Neuendorf explained that the developer's building design included 7,200 square feet of commercial tenants
space on the first floor and 52 apartments, most priced at market rates and 10 percent at affordable rates. Mr.
Neuendorf recommended that the HRA considered the request for $5M in Tax Increment Financing for the
challenging site so the vacant property could be redeveloped before it had a deleterious effect on the
neighborhood. He noted the developer looked for outside funders because the assistance amount requested
was high.
The HRA noted there was a role for tax increment financing for some infrastructure items but the amount
requested was too high for how little the public would benefit.
VI.D. DEVELOPMENT PARTNER UPDATE FOR 5146 EDEN AVENUE
Mr. Neuendorf introduced Dave Anderson, Frauenshuh and Dean Dovolis, DJR Architecture, Inc. who reviewed
four scenarios that included a 30,000 sq. ft. community arts/active adult center, two with structured parking, a
civic green, and either 139 or 147-unit residential tower and 27 affordable art lots. One scenario included
community arts/ active adult center with surface parking and a sculpture garden and one suggested sale of the
property for 100 percent private use.
Discussion centered on Scenario B that would have the community arts/active adult center structured parking,
civic green, 139 unit mid-rise residential building and 27 affordable art lots. The HRA asked questions of Mr.
Dovolis and Mr. Anderson, Frauenshuh.
VI.E. 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
The HRA noted no reason to close the meeting.
VI.F. CLOSED — Meeting was not closed.
VI.D MOTION TO MOVE BACK INTO OPEN SESSION — Meeting was not closed.
VII. CORRESPONDENCE
VII.A. CORRESPONDENCE — None.
IX. MAYOR AND COUNCIL COMMENTS — None.
X MANAGER'S COMMENTS — None.
XII. ADJOURNMENT
There being no further business on the HRA Agenda, Chair Hovland declared the meeting adjourned at 9:3 I
a.m.
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M inutes/H RA/May 10, 2018
Respectfully submitted,
5-'6*141
Sco Neal, xecutive Director
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