HomeMy WebLinkAbout2017-06-27 HRA Special Meeting Minutes MINUTES
OF SPECIAL MEETING
OF THE EDINA HOUSING AND REDEVELOPMENT AUTHORITY
JUNE 27, 2107
7:00 P.M.
1. CALL TO ORDER
Chair Hovland called the HRA meeting to order at 7:00 P.M.
11. ROLLCALL
Answering rollcall were Commissioners, Brindle, Fischer, Staunton, Stewart, and Chair Hovland.
III. APPROVAL OF MEETING AGENDA
Motion made by Commissioner Stewart and seconded by Commissioner Fischer approving the
Meeting Agenda.
Ayes: Brindle, Fischer, Staunton, Stewart, Hovland
Motion carried.
IV. PUBLIC HEARING PROPOSED SALE OF AND REDEVELOPMENT AGREEMENT FOR 3925,
3930 AND 3944 MARKET STREET
For the last six months, staff has been meeting with Buhl Investors/Saturday Properties to negotiate the terms
of a property sale and redevelopment agreement for parcels owned by the Edina Housing and Redevelopment
Authority (HRA). Staff has been assisted by special legal counsel (Dorsey and Whitney) and public finance
advisors (Ehlers Associates) in these negotiations. Buhl Investors/Saturday Properties is the Preferred
Development Partner that was selected after interviewing three different teams who had responded to a
Request for Proposal (RFP) that was issued for the site in summer 2016.
• The fundamental redevelopment goals are to improve public parking conditions while enhancing street life and
adding vitality to the business district. This proposal achieves those goals by replacing an aging and unfriendly
1970's-era parking structure with below-grade parking and an expanded North Ramp that includes new
commercial space on the street level. The proposal also adds round-the-clock vitality by including 110 new
apartment units and new commercial space centered upon a new public plaza.
The Edina Planning Commission recommended approval of the project on April 5, 2017. The project concept
secured preliminary zoning approvals from the City Council on April 18, 2017 and final land use approvals
were granted on June 20, 2017. These land use approvals are contingent upon execution of a Sale and
Redevelopment Agreement mutually agreeable to Market Street LLC and the Edina HRA. The City of Edina is
also party to the Redevelopment Agreement.
The Edina Housing and Redevelopment Authority has reviewed the progress of the negotiations regularly and
met in closed session on June 20, 2017 to discuss the final terms of the proposed real estate transaction. The
complete Redevelopment Agreement and a summary of the key terms are attached. While the property is
currently owned by the Edina HRA, this information is provided to both the Edina HRA and the Edina City
Council for discussion purposes. If approved, both the City and the HRA will be party to various aspects of the
Redevelopment Agreement.
Economic Development Manager Neuendorf along with consultants, Nick Anhut, Ehlers & Associates and Alex
Sulke, Dorsey & Whitney, reviewed the proposed redevelopment agreement with Market Street LLC, and the
proposed sale of 3925, 3930 and 3944 Market Street.
Chair Hovland opened the public hearing for testimony.
• PUBLIC TESTIMONY
Klaus Freyinger, 50th & France Property Owner, addressed the Housing and Redevelopment Authority
Lori Mullis, 4825 Maple Road, addressed the Housing and Redevelopment Authority
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Minutes/HRA/June 27, 2017
Heather Wallace, 4701 Townes Road, addressed the Housing and Redevelopment Authority
Mary Brimly 4950 Grimes, 50th & France employer, addressed the Housing and Redevelopment Authority
• Barbara LaValleur,7621 Edinborough Way, Unit 2110, addressed the Housing and Redevelopment Authority
Suzy Haugland, 50th & France Property Owner, addressed the Housing and Redevelopment Authority
Brad Lis, representing Lunds Food Holdings Inc., addressed the Housing and Redevelopment Authority
Jim Stromberg, 3930 w 49th Street, addressed the Housing and Redevelopment Authority
Motion to close public hearing by Commissioner Fischer, seconded by Commissioner Brindle
Ayes: Brindle, Fischer, Staunton, Stewart, Hovland
Motion carried.
Chair Hovland went through the question from the public testimony, plus HRA Members added their
questions. Mr. Neuendorf, Mr. Anhut, Mr. Sulke answered questions along with Brent Rogers and Pete
Deanovic of Market Street LLC.
Following a brief discussion Commissioner Brindle made a motion to authorize the Chair and Executive
Director to execute a Redevelopment Agreement substantially similar to that provided to the HRA and all
other related documents specified in the Development Agreement. The motion was seconded by
Commissioner Fischer.
Ayes: Brindle, Fischer, Staunton, Stewart, Hovland
Motion carried.
V. RESOLUTION NO. 2017-06 AUTHORIZING SALE OF LAND TO MARKET STREET LLC
Motion made by Commissioner Fischer, seconded by Commissioner Brindle to adopt Resolution
No. 2017-06 authorizing the sale of land located at 3925, 3939 and 3944 Market Street for
redevelopment purposes subject to conditions in the Redevelopment Agreement to Market
Street LLC.
• Ayes: Brindle, Fischer, Staunton, Stewart, Hovland
Motion carried.
VI. REQUEST FOR PUCHASE: PROFESSIONAL SERVICE AGREEMENT, NORTH
PARKING RAMP EXPANSION PW 17-002
Motion by Commissioner Brindle, seconded by Commissioner Staunton, to award Contract PW 17-002 North
Ramp Expansion Design Services to Mohagen Hansen Architecture and Interiors in the amount of$747,080.00.
Ayes: Brindle, Fischer, Staunton, Stewart, Hovland
Motion carried.
VII. ADJOURNMENT
Chair Hovland declared the meeting adjourned at 9:01 p.m.
Respectfully submitted,
Scott Neal, Execut'iV6 Dire for
•
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