HomeMy WebLinkAbout2026-02-05 HRA Regular Meeting MinutesMINUTES
OF THE REGULAR MEETING OF THE
EDINA HOUSING AND REDEVELOPMENT AUTHORITY
FEBRUARY 5, 2026
7:30 A.M.
I. CALL TO ORDER
Chair Hovland called the meeting to order at 7:30 a.m. then explained the processes created for
public comment.
II. ROLLCALL
Answering rollcall were Chair Hovland, Commissioners Agnew, Jackson, Pierce, and Risser.
Absent: None.
III. PLEDGE OF ALLEGIANCE
IV MEETING AGENDA APPROVED — AS PRESENTED
Motion by Commissioner Jackson, seconded by Commissioner Pierce, approving the
meeting agenda as presented.
Ayes: Agnew, Jackson, Pierce, Risser, and Hovland
Motion carried.
V. COMMUNITY COMMENT
No one appeared.
VA. EXECUTIVE DIRECTOR'S RESPONSE TO COMMUNITY COMMENTS
Executive Director Neal responded there were no past Community Comments.
VI. ADOPTION OF CONSENT AGENDA AS PRESENTED
Motion by Commissioner Jackson, seconded by Commissioner Agnew, approving the
consent agenda as presented:
VIA. DRAFT MINUTES OF REGULAR MEETING OF JANUARY 15, 2026
Ayes: Agnew, Jackson, Pierce, Risser, and Hovland
Motion carried.
VII. REPORTS AND RECOMMENDATIONS
VILA. USING TAX INCREMENT FINANCING TO ACHIEVE COMMUNITY GOALS
— PRESENTED
Economic Development Director Neuendorf stated that this item pertains to Edina's practice and
policy regarding the use of Tax Increment Financing (TIF) to finance public and private improvements.
Mr. Neuendorf also presented information regarding the purpose of TIF, TIF in Edina, 2022 TIF
policy, order, and timing of TIF, and the types of expenses TIF can be used for.
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Minutes/HRA/February 5, 2026
The Council gave feedback on TIF being a tool they can use in the City, having TIF discussions earlier
on, and the financial benefit going into the General Fund sooner.
Mr. Neuendorf stated that TIF should be used when something is likely to happen, not just hoping
something will happen.
The Council asked questions regarding limiting the sizing duration, using TIF for land price, and the
duration of the TIF district impacting pooling for affordable housing.
Mr. Neuendorf stated that they have used TIF in Edina since 1974, and it has been used primarily as
a reimbursement. He also stated that he is very cautious about inflating land prices.
The Council expressed concerns regarding how affordable is defined and how frequently TIF is
combined with zoning.
The Council gave feedback regarding looking at the timing issue and having a discussion about TIF
earlier on, and striking the right balance to have a stable levy.
The Council expressed concerns that the guidelines may be challenging for the developers.
VIII. EXECUTIVE DIRECTOR COMMENTS — Received
A. SPARC LOAN FOR 39/6 W. 30TH STREET - PROJECT UPDATE
HRA MEMBER COMMENTS — Received
X. ADJOURNMENT
Motion made by Commissioner Agnew, seconded by Commissioner Pierce, to adjourn
the meeting at 8:27 a.m.
Ayes: Agnew, Jackson, Pierce, Risser, and Hovland
Motion carried.
Respectfully submitted,
Scott Neal, Executive Director
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