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HomeMy WebLinkAbout19850819_joint226 MINUTES OF JOINT MEETING EDINA HOUSING AND REDEVELOPMENT AUTHORITY AUGUST 19, 1985 EDINA CITY COUNCIL n Answering rollcall were Councilmembers/Commissioners Bredesen, Kelly, Richards, Turner and Courtney. PUBLIC HEARING CONDUCTED ON AMENDPENT TO 1985 MENDMENT TO SOUTHEAST EDINA REDEVELOPMENT PLAN AND SALE OF LAND TO THE HRA. by Clerk, approved and ordered placed on file. 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. 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. 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. recommended adoption of the resolutions. No objections being heard, Commissioner Turner introduced the following resolution and moved its adoption: Affidavits of Notice were presented Attorney Erickson explained that The amendment is necessary to add The Mr. Erickson 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 llHRA1r), as follows: 1. 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 Statutes, Section 445.421, subdivision 13, and a tax increment financing plan, pursuant to the provisions of Minnesota Statutes, Section 273.74. a tax increment financing district, as defined in Minnesota Statutes, Section 273.73, subdivision 9. approved amendments to the Plan, designated as the 1985 Amendment to the Southeast Edina Redevelopment Plan (the "1985 Amendment"). 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. The HRA and the Edina City Council have previously approved a redevelopment The Plan established The HRA and the Edina City Council have previously It has been Rollcall : Ayes: Commissioners Bredesen, Kelly, Richards, Turner, Courtney Resolution adopted. 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. Minnesota (the "HRA") have previously approved a redevelopment plan and rede- velopment project, under Minnesota Statutes, Section 462.411, et. seq., and a tax increment financing plan, as defined in Minnesota Statutes, Section 273.73, subdivision 9, designated as the Southeast Edina Redevelopment Plan (the "Plaa). 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 This Council and the Housing and Redevelopment Authority of Edina, 8/ 19 / 85 221 Amendment to the 1985 Amendment to the Southeast Edina Redevelopment Plan (the "First Amendment") and has requested that this Council approve the First Amendment. August 19, 1985, after notice of the public hearing was published in The Edina Sun, the official newspaper of the City, on August 7, 1985, at which time all persons desiring to be heard on the subject were given an opportunity with respect thereto. 2. Approval. The First Amendment is hereby approved. 3. Minnesota Statutes, Section 462.521, it is hereby found that: (A) Amendment would not be made available for redevelopment without financial aid sought ; (B) Amendment as amended by the First Amendment will afford maximum opportunity, consistent with the sound needs of the City as whole, for the redevelopment of the 1985 Project Area by private enterprise; and (C) plan for the development of the City as a whole. 4. 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. This Council held a public hearing on the First Amendment on Findings Under the Municipal Housing and Redevelopment Act. Pursuant to The land located within the 1985 Project Area, as defined in the First The redevelopment plzms for the 1985 Project Area as set forth in the 1985 The 1985 Amendment as amended by the First Amendment conforms to the general Tract 5 as described in the First Amendment is hereby authorized to be sold Rollcall : Ayes: Councilmembers Bredesen, Kelly, Richards, Turner, Courtney Resolution adopted. There being no further business on the agenda for the Joint City Council and. HRA Meeting, Councilmember/Commissioner Kelly's motion to adjourn was seconded by Councilmember/Commissioner Turner and carried unanimously. 6 City Clerk