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HomeMy WebLinkAbout2022-06-02 HRA Special Meeting MinutesMINUTES OF THE REGULAR MEETING OF THE EDINA HOUSING AND REDEVELOPMENT AUTHORITY JUNE 2, 2022 7:30 A.M. CALL TO ORDER Chair Hovland called the meeting to order at 7:33 a.m. then explained the processes created for public comment. 11. ROLLCALL Answering rollcall were Commissioners Anderson, Jackson, Staunton, and Chair Hovland. Absent: Commissioner Pierce. III. PLEDGE OF ALLEGIANCE IV. MEETING AGENDA APPROVED — AS PRESENTED Motion by Commissioner Jackson, seconded by Commissioner Anderson, approving the meeting agenda as presented. Roll call: Ayes: Anderson, Jackson, Staunton, and Hovland Motion carried. V. COMMUNITY COMMENT No one appeared. VA. EXECUTIVE DIRECTOR'S RESPONSE TO COMMUNITY COMMENT None. VI. CONSENT AGENDA ADOPTED — AS PRESENTED Member Jackson made a motion, seconded by Member Staunton, approving the consent agenda as presented: VI.A. Approve Minutes of the Regular Meeting May 19, 2022 Rollcall: Ayes: Anderson, Jackson, Staunton, and Hovland Motion carried. VII. REPORTS AND RECOMMENDATIONS VII.A. ADOPT RESOLUTION 2022-06; CONTRACT FOR PRIVATE DEVELOPMENT AND SALE OF PROPERTY TO UNITED PROPERTIES RESIDENTIAL LLC — ADOPTED Economic Development Manager Neuendorf stated this item pertained to the sale of property at 5146 Eden Avenue and that the City Attorney had prepared a sales contract based on terms negotiated by staff. He said public hearings had been held then updated the HRA on the existing conditions of the site which was a 3.3-acre property formerly used by Edina's Public Works Department until they moved to larger facilities in 2013. He said the HRA had considered several different types of transactions in recent years and the proposed sale was intended for redevelopment purposes. The southernmost portion was intended to be used for a new housing cooperative and the middle portion as a restaurant with indoor and outdoor seating. The northernmost portion was intended to be transformed into a public park. He said the City Attorney had prepared a sales contract with United Properties Residential LLC and Jester Concepts LLC based on letters of intent previously reviewed and discussed by the HRA Board and that staff recommended approval of these terms. He outlined existing site conditions and redevelopment concept for a senior housing cooperative for United Properties and Applewood Page 1 Minutes/HRA/June 2, 2022 Pointe that would include 10% affordable units and a restaurant concept with Jester Concepts LLC. He noted the buyer was willing to increase the earnest money from $50,000 to $100,000 at the HRA's request and that the restaurant parcel be no more than three stories for at least 10 years unless waived by the HRA and that the restaurant with indoor and outdoor dining and related outdoor activity space for 30 years continue unless waived by the HRA. He spoke about the two- phase due diligence to match housing and the mutually renegotiated if housing fails to close by the deadline. He noted Lot 3 for the public park would not be for sale to ensure permanent public space for use and added that portions could include train access in the future should that occur. The Board asked questions and provided feedback. Parks and Recreation Director Vetter spoke about future consideration and workload which currently was focused on Fred Richards, Braemar and others and should this project move forward how the programming work queue would be done. He shared how staff currently programmed music events in areas such as Centennial Lakes Park and at Braemar Golf Course then spoke about the City's partnership with Performances on the Plaza and the need for additional staff resources if approved. He added the programmable area was not very large and would require the appropriate number of events and that discussions on whether the City or the restaurant would provide the events would need to occur if approved. Brent Fredrick, Jester Concepts, shared their intent to work with the Parks and Recreation Department as the project moved forward and confirmed their intent to collaborate where staff could not that included the possibility of hiring a full-time programmer to assist. Member Anderson moved to adopt Resolution No. 2022-06 approving contract for private development and sale of property to United Properties Residential, LLC. Member Jackson seconded the motion. Rollcall: Ayes: Anderson, Jackson, Staunton, and Hovland Motion carried. VII.B. ADOPT RESOLUTION 2022-07; CONTRACT FOR PRIVATE DEVELOPMENT AND SALE OF PROPERTY TO JESTER CONCEPTS LLC — ADOPTED Member Staunton moved to adopt Resolution No. 2022-07 approving contract for private development and sale of property to Jester Concepts, LLC. Member Jackson seconded the motion. Rollcall: Ayes: Anderson, Jackson, Staunton, and Hovland Motion carried. VII.C. 7001 FRANCE AVENUE — TAX INCREMENT FINANCING PROJECT UPDATE — RECEIVED Mr. Neuendorf said this item pertained to the use of Tax Increment Financing to support redevelopment of commercial property at 7001 France Avenue. He said legal counsel had been engaged to prepare binding redevelopment agreements for Site A (residential and site work), Site B (office) and Site C (parking) and that staff continues to recommend TIF notes up to $5 and $17 million to create a mixed -use redevelopment project of this scale and quality financially viable to achieve public benefits. He shared a preliminary site rendering and provided an update on project details that included an equity investor, marketing for office and retail, abatement and demolition underway, and site work for the new bank was underway. He said staff anticipated presentation of final zoning and site plans and TIF agreements to be presented June 21. He outlined four development strategy refinements that had occurred which staff was supportive of that included Page 2 Minutes/HRA/June 2, 2022 separation of Phase I and 2 project, deadline extension of Phase 2, increased flexibility of Phase 2 and refined site plans to reflect public use of parking structures but that all other terms described in February remained the same then provided more detail on each phase. The Board asked questions and provided feedback. Vlll. HRA COMMISSIONERS' COMMENTS — Received IX. EXECUTIVE DIRECTOR'S COMMENTS — Received X. ADJOURNMENT Motion made by Commissioner Jackson, adjourn the meeting at 8:3S a.m. Roll call: Ayes: Anderson, Jackson, Staunton, and Hovland Motion carried. Respectfully submitted, seconded by Commissioner Staunton, to Scott NW Executive DWector Page 3