HomeMy WebLinkAbout2022-09-15 HRA Regular Meeting MinutesMINUTES
OF THE REGULAR MEETING OF THE
EDINA HOUSING AND REDEVELOPMENT AUTHORITY
SEPTEMBER 15, 2022
7:30 A.M.
1. CALL TO ORDER
Chair Hovland called the meeting to order at 7:34 a.m. then explained the processes created for
public comment.
II. ROLLCALL
Answering rollcall were Commissioners Anderson, Jackson, Pierce, and Chair Hovland.
Absent: Commissioner Staunton.
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, Pierce, and Hovland
Motion carried.
V. COMMUNITY COMMENT
No one appeared.
VI. CONSENT AGENDA ADOPTED - AS PRESENTED
Member Jackson made a motion, seconded by Member Pierce, approving the consent
agenda as presented:
VI.A. Approve Draft Minutes of the Special Meeting of September 7, 2022
VI.B. Adopt the Proposed Budget and Establishing the Proposed Tax Levy Payable
2023
Rollcall:
Ayes: Anderson, Jackson, Pierce, and Hovland
Motion carried.
VII. REPORTS AND RECOMMENDATIONS
VII.A. DISCUSSION; PROPOSED UPDATE TO THE TAX INCREMENT FINANCING
POLICY — RECEIVED
Executive Director Neal outlined staffs request for policy discussions for the items with the goal to
get direction prior to drafting any potential ordinances.
Economic Development Manager Neuendorf stated this item pertained to the policy regarding the
use of Tax Increment Financing, which was last updated in 2011. He outlined the history of TIF in
Edina which had been used since the 1980s. He said staff recommended the policy be updated to
clarify conditions and outcomes to be pursued with TIF then stated the proposed changes were
written to achieve four specific goals: clarify intent/purpose when TIF was used; clarify minimum
expectations and outcomes when TIF was used; clarify process to review and consider TIF in a
manner coordinated with the zoning review process; and increase the application fee from $2,000
to $5,000 to help offset staff expenses while noting the developer would still responsible for all third -
party expenses. He outlined history of percentage of tax capacity retained in TIF districts for Edina
and other cities then outlined reasons for TIF use that included defining public benefit. He said this
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Minutes/HRA/September 15, 2022
proposal was intended to be discussed in September with final changes considered at a future HRA
meeting.
The Council asked questions and provided feedback.
VII.B. 2022 MODIFICATIONS TO NEW MULTIFAMILY DEVELOPMENT AFFORDABLE
HOUSING POLICY — RECEIVED
Affordable Housing Development Manager Hawkinson stated staff was proposed two changes to the
current Affordable Housing Policy. She shared background that the policy had been created in 2015
with updates almost annually through rents, incomes, and other elements, noting it was a live
document. She outlined the City's affordable housing goals of creation of 1,804 new affordable units
which was to be accomplished through this policy through 2030 then spoke about the current policy
that offered density bonuses to developments that included affordable housing units but did not
include detail as to how that goal would be achieved. She said developers would often seek up to
the maximum density allowed in the Comprehensive Plan, but could not have a greater density
without a Comprehensive Plan amendment. Ms. Hawkinson stated in order to adhere to the spirit
of allowing density bonuses, staff proposed that developments seeking maximum densities would be
required to include affordable units rather than using the buy -in option then outlined the added
language that the owner/property manager of properties that include affordable units must
cooperate with the City's third -party compliance officer.
The Council asked questions and provided feedback.
VI11. HRA COMMISSIONERS' COMMENTS — Received
IX. EXECUTIVE DIRECTOR'S COMMENTS — Received
IX.A. OPEN TO BUSINESS MID -YEAR REPORT
X. ADJOURNMENT
Motion made by Commissioner Jackson, seconded by Commissioner Pierce, to adjourn
the meeting at 9:00 a.m.
Roll call:
Ayes: Anderson, Jackson, Pierce, and Hovland
Motion carried.
Respectfully submitted,
cott Neal, Ek ecutive D ec or
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