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HomeMy WebLinkAbout2013-01-08_WORK SESSIONAGENDA CITY COUNCIL WORK SESSION CITY OF EDINA, MINNESOTA CITY HALL COMMUNITY ROOM JANUARY 8, 2013 5:00 P.M. CALL TO ORDER II. ROLL CALL III. HOUSING AND REDEVELOPMENT AUTHORITY PLANNING IV. ADJOURNMENT The City of Edina wants all residents to be comfortable being part of the public process. If you need assistance in the way of hearing amplification, an interpreter, large -print documents or something else, please call 952- 927- 886172 hours in advance of the meeting. SCHEDULE OF UPCOMING MEETINGS /DATES /EVENTS Tues Jan 8 Work Session - HRA Planning 5:00 P.M. Tues Jan 8 Regular Meeting 7:00 P.M. Tues Jan 22 Work Session - Naming & Donation Policy Review 5:30 P.M. Tues Jan 22 Regular Meeting 7:00 P.M. Mon Jan 21 DOCTOR MARTIN LUTHER KING JR. HOLIDAY OBSERVED — City Hall Closed Tues Feb 5 Work Session - Legislative Update 5:30 P.M. Tues Feb 5 Regular Meeting 7:00 P.M. Mon Feb 18 PRESIDENTS DAY HOLIDAY OBSERVED — City Hall Closed is Feb19 Work Session —Jnt Meeting Art Center Board & Wk Groups 5:30 P.M. .es Feb 19 Regular Meeting 7:00 P.M. Tues Mar 5 Work Session —TBD 5:30 P.M. Tues Mar 5 Regular Meeting 7:00 p.m. Tues Mar 20 Work Session —TBD 5:30 P.M. Tues Mar 20 Regular Meeting 7:00 p.m. COMMUNITY ROOM COUNCIL CHAMBERS COMMUNITY ROOM COUNCIL CHAMBERS COMMUNITY ROOM COUNCIL CHAMBERS COMMUNITY ROOM COUNCIL CHAMBERS COMMUNITY ROOM COUNCIL CHAMBERS COMMUNITY ROOM COUNCIL CHAMBERS • .,�.i vim. III. Housing Redevelopment Authority (HRA) Planning City Council Work Session January 8, 2013 www.EdinaMN.gov Discussion Points 1) Investing TIF assets ■ Where & when ■ How to prioritize 2) Public Parking at 50th & France ■ Costs borne by City ■ Costs borne by property owners & tenants 3) Tools to Stimulate Action ■ Grandview District ■ Pentagon Park area 4) Funding Public Infrastructure ■ Hazelton Road conversion oa Ce. m www.EdinaMN.gov 1) Investing TIF Assets How will projects funded with existing selected? $7 M available from `old' TIF Districts ■ Can be invested anywhere in `green' redevelopment district Many possible demands • France Ave sidewalks • France & Hwy 62 intersection • Hwy 62 pedestrian bridge • Public works demolition • Parking at 501h& France • Etc. Guidelines to Invest ?? • How to prioritize • Preferred outcomes New TIF proceeds ?? TIF proceeds be J. i 7 17E- Y � A. r www.EdinaMN.gov 1) Anticipated demands on remaining $12 M TIF assets A. y Ce: Cn lDl31i Southdale Center TI loan (issued Dec-2012) $5,000,000 2012 - - ---- - JL Greater Southdale Area Transportation Study (HRA 13 -001) $200,000 2013 Public Works building demolition $100 to $400k 2013 France Ave. Intersection Enhancements (HRA 13 -003) $3,000,000 2013 Hazelton Road roadway conversion $ 1 to 2 million ? ;; ` 2013 . Land acquisition for Public Parking Garages ?? $1 to $4 million 2013 ? Construction of Public Parking Garage ?? „ ? i 2014 ? Pedestrian Bridge over Hwy 62, replace or repair (HRA -13 -002) $3,0001000 2014 ------ - - - - -- -- - - - - -- - - -- - ---- -------- -__ -- - �, -- Intersection rehabilitation at France & Hw y (HRA HRA 11 -003 ) $600,000 2014 Promenade Improvements — Phase III (HRA 11 -002) $2,000,000 2014 10 710 20 MILL10"r + www.EdinaMN.gov 1) Possible outcomes from TIF investments �ZN A �I Ce 77,� r, o • .J11I'Olii`f ill• IOPP A) Construct desired & necessary Bicycle and pedestrian improvements; ? infrastructure improvements Other roadway improvements rovements ? B Stimulate p ' vate investment Pay go for extra - ordinary redevelopment costs --- growth in property.tax base, i i Public infrastructure improvements ? - -- new & retained jobs, - -- new, & retained'services _ C) Support & attract successful Pay-go-for extra - ordinary redevelopment costs industry clusters • Public infrastructure improvements ? D) Maintain viability and • Land acquisition for public improvements ? - _ desirability for business growth ._. -_ - • Construction of shared public amenities ? E) Other Goals (TBD) ? www.EdinaMN.gov 2) Public Parking at 50th& France 0 Which costs should be borne by the City and which should be passed on to the property owners and tenants? Parking improvements necessary for continued health of the district ■ More parking spaces ■ Deferred maintenance ■ ADA compliance Businesses cannot absorb full cost of parking improvements ■ Special assessment > $2.00 would threaten business viability A N 906 v0t J LOW �J r �s ry � .Rta.t f� NV A4 F OR { Id/IQ '- Ril CS6© . 01 M S I ..-- - 171 . O1 201. 221 °ISI- IlS -�•- 47/•417 -_ - 414.100 .. 277.22 S17 • SY �- „r� © ©� :?9 532 arses FIN M/ SIST STREET / w/f f Q www.EdinaMN.gov 2) Other Examples of Public Parking Facilities ,ll 1 Excelsior & Grand, Louis Park 9114A �t o e 0 w &rmonr Ctrri u.MM1 ur iaM/I Belmont /Central Neighborhood, Chicago Grand Place, St. Paul www.EdinaMN.gov Tools Stimulate Action 4 Af o`` e 0 Ij Should new T1F Districts be explored at Grandview and Pentagon Park? If not, how will improvements be funded? syj`►Re.•i 1 Community vision for Grandview calls for many public improvements • Relocation of bus garage • Reconstruction of roadway network ■ New Community center/ public space o l r Revitalization concepts for Pentagon Park include full reconstruction with future public amenities • New roadway network • Dedicated access to green space/ golf course www.EdinaMN.gov idview _0 AMIL IQP J. 114A 8k 0 e: 0 IC4 :� 0 -AIMIL ok 4A www.EdinaMN.gov th 3) Tools to Stimulate Action — Pentagon Park 1 ,YY ' •i r i • �.i•�•1; i, ai•`���.. www.EdinaMN.gov CITY OF EDINA o e 0 4 Fundin g Public Infrastructure Should a new TIF District be explored at Hazelton and France? If not, how will improvements be funded? Property owners anticipate I redevelopment & re- occupancy Szechuan Star Guitar Center Timely opportunity to install desired public improvements Driveway consolidation & traffic signal coordination 4 to 3 -lane conversion Pedestrian improvements along roads and Promenade I fr U JIL ALI • f �� ��� f TH-A �: sitar Ve tot fAlwor! RMl rIFIC{t t�'[ ! w- ��:'� •� "!.�.,. =s Lktl, 3 4. www.EdinaMN.gov 4) Funding Public Infrastructure — Hazelton Rd I hank 0 I 47 11 1 Ir 3210 kt 7- , ,I& A U) Southdale 2 TIF boundary www.EdinaMN.gov TARGET kt 7- , ,I& A U) Southdale 2 TIF boundary www.EdinaMN.gov