HomeMy WebLinkAbout2020-07-30 HRA regular minutesMINUTES
OF THE REGULAR MEETING OF THE
EDINA HOUSING AND REDEVELOPMENT AUTHORITY
JULY 30, 2020
7:30 A.M.
1. CALL TO ORDER
Chair Hovland called the meeting to order at 7:30 a.m. and noted the meeting was being held virtually
to comply with the Governor's Stay at Home Order due to the COVID-19 pandemic then explained
the processes created for public comment.
11. ROLLCALL
Answering roll call were Commissioners Anderson, Fischer, Staunton, and Chair Hovland.
Absent: Commissioner Brindle.
III. PLEDGE OF ALLEGIANCE
IV. MEETING AGENDA APPROVED - AS PRESENTED
Motion by Commissioner Fischer, seconded by Commissioner Anderson, approving the
meeting agenda as presented.
Roll call:
Ayes: Anderson, Fischer, Staunton, and Hovland
Motion carried.
V. COMMUNITY COMMENT
No one appeared.
VI. APPROVAL OF CONSENT AGENDA —AS PRESENTED
VI.A. Approve minutes of June 25, 2020, Regular meeting
VI.B. Request for Purchase; awarding the bid to the recommended low bidder,
Grandview Preliminary Engineering Services.
Approve Payment of Claims for HRA Check Registerfrom June 25-July 23, 2020,
totaling $15,913.91.
VI.C. Request for Purchase; awarding the bid to the recommended low bidder,
Grandview 2 TIF District, Preliminary Engineering Services, SEH, Barr
Engineering, and Kimley-Horn totaling $216,174.
Motion by Commissioner Fischer, seconded by Commissioner Anderson, approving the
consent agenda as presented.
Rollcall:
Ayes: Anderson, Fischer, Staunton, and Hovland
Motion carried.
VII. REPORTS/RECOMMENDATIONS
VII.A. RECOMMENDATION PERTAINING TO AMUNDSON AVENUE TIF DISTRICT
INCREMENT — RECEIVED
Affordable Housing Development Manager Hawkinson shared that on December 12, 2019 the City
Council approved the creation of the Amundson Avenue TIF District as required in order to use
Southdale 2 "Special Legislation" pooling for the acquisition of 7075-7079 Amundson Avenue. The
proposed affordable housing development did not require the captured increment to complete the
construction of the apartment therefore the HRA could decide to either decertify the District early
or capture the increment to fund future affordable housing developments. She shared an example
of potential funding available and anticipated the Amundson increment balance would be
approximately $317,000 after 5 years and $650,000 at ten years and that staff recommended
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Minutes/HRA/July 30, 2020
retaining the use of increment from the Amundson District to use it for project related expenses,
such as the bike path, and the remainder to help facilitate additional affordable housing development.
The Commission asked questions regarding if funds would go away, past expenses, and if an
easement would be granted and any compensation and asked for caution using this tool in the
current economic climate. Ms. Hawkinson explained the sunset period for funds to be returned for
distribution and negotiations occurring on the land easement.
Nick Anhut, Ehlers and Associates, spoke about the direction of whether or not to pursue
opportunities on this site and retaining the tool to provide affordable housing here or elsewhere
then noted the project would hit tax base in 2022 and potentially last for 20 years if no termination
action was taken. He explained the district could be utilized to assist the development of the
Amundson site as long as it maintained its affordability but referred to the sunset of 2021.
Motion by Commissioner Fischer, seconded by Commissioner Staunton, Extending the
Amundson TIF District for the purpose of pooling funds for potential future use at the
Amundson site or other future sites.
Rollcall:
Ayes: Anderson, Fischer, Staunton, and Hovland
Motion carried.
VII.B. APPROVE A REVOLVING LINE OF CREDIT AGREEMENT WITH WEST HENEP►N
AFFORDABLE HOUSING LAND TRUST -APPROVED
Ms. Hawkinson shared this item would approve a revolving line of credit with West Hennepin
Affordable Housing Land Trust (WHAHLT) for the expansion of their Homes Within Reach
program in Edina. She shared background on the program that included a $1,300,000 line of credit
loan for the acquisition and rehabilitation of three houses placed into a land trust and that of these
funds, approximately $840,000 would permanently be placed with the homes and function as a grant.
She said the program was designed to remove funding limitations through the creation of an Edina
Revolving Loan program (ERLP) and explained how Edina was confronted with the fact entry-level
properties were overpriced for most work -force households and how the program expanded
homeownership opportunities and brought younger households into a community.
The Commission confirmed funds in Item VILA were eligible for this source and asked about other
tools for the Southdale 11 District fund. Ms. Hawkinson said she was unaware of other tools then
explained the Southdale 11 or TIF funds could not be used because this was a home ownership
program and not a rental housing program but noted the Affordable Housing Trust Fund had a
balance of $1.9 million.
Motion by Commissioner Staunton, seconded by Commissioner Fischer, approving a
revolving line of credit agreement with HRA and WAHLT to expand the Land Trust
Program as presented.
Rollcall:
Ayes: Anderson, Fischer, Staunton, and Hovland
Motion carried.
V►11. CORRESPONDENCE
VIII.A. CORRESPONDENCE - RECEIVED
Chair Hovland acknowledged the Council's receipt of various correspondence.
IX. HRA COMMISSIONERS' COMMENTS — Received
X. EXECUTIVE DIRECTOR'S COMMENTS — Received
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Minutes/HRA/July 30, 2020
A. 6600-6800 FRANCE ® PROJECT UPDATE ® Received
X1. ADJOURNMENT
Motion made by Commissioner Anderson, seconded by Commissioner Fischer, to
adjourn the meeting at 8:20 a.m.
Roll call:
Ayes: Anderson, Brindle, Fischer, Staunton, and Hovland
Motion carried. ef
Respectfully submitted,
4 . . .... .......... ... Scott Neal, tAiutive Direct4
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