HomeMy WebLinkAbout2018-10-11 HRA Regular Meeting MinutesMINUTES
OF REGULAR MEETING
OF THE EDINA HOUSING AND REDEVELOPMENT AUTHORITY
OCTOBER 11, 2018
8:15 A.M.
1. CALL TO ORDER
Chair Hovland called the HRA meeting to order at 8:20 a.m.
11. ROLLCALL
Answering rollcall were Commissioners Fischer, Staunton, Chair Hovland, Brindle, and Stewart.
III. APPROVAL OF MEETING AGENDA
Motion made by Commissioner Brindle seconded by Commissioner Fischer approving the
Meeting Agenda.
Ayes: Fischer, Staunton, Hovland, Brindle, Stewart
Motion carried.
IV. COMMUNITY COMMENT— None.
V. CONSENT AGENDA ADOPTED
Motion made by Commissioner Fischer seconded by Commissioner Brindle approving the consent
agenda.
V.A. Minutes of September 13, 2018.
V.B. Settlement Agreement: 3945 West 49th Street.
V.C. North Ramp Expansion: Amended Easement Agreement with LB 49th-1/2 Street LLC.
V.D. Resolution No. 2018-08: Requesting Public Hearing for November 20, 2018, for West 76th
Street Tax Increment District Financing Plan.
VI. REPORTS/RECOMMENDATIONS — (Favorable vote of majority of HRA Board Members present
to approve except where noted).
VI.A. STATEMENT REGARDING GRANDVIEW GREEN
The HRA approved language to be included in the 2018 Comprehensive Plan regarding Grandview Green. Staff
were directed to discontinue spending on research, advocating for legislative changes, and negotiating lease
term with MNDOT for the "lid."
Motion made by Commissioner Staunton seconded by Commissioner Stewart approving
recommended statement on Grandview Green be included in the 2018 Comprehensive Plan and
direct that staff suspend further expenditures on the Grandview Green concept including but
not limited to engagement of consultants to advocate for changes in state law facilitating
financing of lids and lease language with MNDOT.
VI.B. RESOLUTION NO. 2018-09: ESTABLISHING 44TH & FRANCE 2 TAX INCREMENT FINANCING
(T►F) DISTRICT
Mr. Neuendorf stated that Items VI.B and VI.0 on the agenda were related items. He explained that this TIF
district was for a specific site, 4500 France (I -acre), and not for the entire 5-acre district site.
Because of a lack of parking in the area, the HRA was concerned that approving only I-acre would not allow
for parking improvements. Mr. Neuendorf explained that the City does not have site control or funding
available to include the entire 5-acre parcel and staff did not conduct a parking study. He said the proposed
development at 4500 France is a manageable project that can deliver fast results with 40 new parking stalls paid
for and maintained by the developer. Additionally, Mr. Anhut, explained that when other properties become
available the district could be expanded, or a new district created, plus, the City could pool monies from other
districts to spend in the 44th & France TIF district for parking improvements. Mr. Neuendorf said staff and the
City's advisors supports the requested TIF funding of up to $2.3 million with a claw back and other typical
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al, Executive Director
Minutes/HRA/October 11, 2018
arrangements in a I 5-year district. Executive director Neal said because parking is a high priority, staff would
begin the planning process for improvements in 2019.
Motion made by Commissioner Fischer seconded by Commissioner Brindle approving
Resolution No. 2018-09 establishing the 44th and France 2 Tax Increment Financing District and
approving a Tax Increment Financing Plan.
Ayes: Fischer, Staunton, Hovland, Brindle, and Stewart.
Motion carried.
VI.C. 4500 FRANCE APARTMENTS: TERM SHEET FOR TAX INCREMENT FINANCING
Motion made by Commissioner Fischer seconded by Commissioner Staunton approving Term
Sheet and authorizing staff to prepare a full Redevelopment Agreement based on approved
terms.
Ayes: Fischer, Staunton, Hovland, Brindle, and Stewart.
Motion carried.
VI.D. REDEVELOPMENT AGREEMENT WITH PENTAGON VILLAGE, LLC
Mr. Neuendorf stated there had not been any substantive changes since this project was last presented to the
HRA this past summer. He said the developer requested $18.1 million TIF for the 12-acre site and staff and the
City's advisors recommended approval. The funds would be distributed as three separate TIF Notes and
awarded based on specific work completion deadlines.
Motion made by Commissioner Fischer seconded by Commissioner Brindle approving the
Pentagon South Redevelopment Agreement with Pentagon Village, LLC, and approving the first
amendment to the 2014 Master Redevelopment Agreement and authorized staff to implement
the terms of the agreements.
Ayes: Fischer, Hovland, Brindle, and Stewart.
Nay: Staunton.
Motion carried.
VI.E. AFFORDABLE HOUSING SEWER AND WATER AVAILABILITY CHARGE FEE REDUCTION
Motion made by Commissioner Staunton seconded by Commissioner Fischer to continue
Affordable Housing Sewer and Water Availability Charge Fee Reduction to the October 25, 2018,
HRA meeting.
Ayes: Fischer, Staunton, Hovland, Brindle, and Stewart.
Motion carried.
VII. CORRESPONDENCE — None.
VIII. HRA COMMISSIONERS' COMMENTS — None.
IX EXECUTIVE DIRECTOR'S COMMENTS — None.
X ADJOURNMENT
There being no further business on the HRA Agenda, Chair Hovland declared the meeting adjourned at 10:10
a.m.
Respectfully submitted,
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