HomeMy WebLinkAbout2021-04-22 HRA Regular Meeting MinutesMINUTES
OF THE REGULAR MEETING OF THE
EDINA HOUSING AND REDEVELOPMENT AUTHORITY
APRIL 22, 2021
7:30 A.M.
1. CALL TO ORDER
Chair Hovland called the meeting to order at 7:30 a.m. and noted the meeting was being held virtually
to comply with the Governor's Stay at Home Order due to the COVID-19 pandemic then explained
the processes created for public comment.
11. ROLLCALL
Answering rollcall were Commissioners Anderson, Jackson, Pierce, Staunton, and Chair Hovland.
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.
Roll call:
Ayes: Commissioners Jackson, Pierce, Staunton, and Chair Hovland
Motion carried.
V. COMMUNITY COMMENT
No one appeared.
VI. CONSENT AGENDA ADOPTED — AS PRESENTED
Member Staunton made a motion, seconded by Member Pierce, approving the consent
agenda as presented:
VI.A. Approve minutes of the Regular Meeting of April 8, 2021
VI.B. Approve request for purchase; engineering services for pedestrian bridge;
Kimley-Horn for $100,000
VI.C. Approve request for purchase; estimating services for pedestrian bridge; RJM
for $23,558
Rollcall:
Ayes: Commissioners Jackson, Pierce, Staunton, and Chair Hovland
Motion carried.
VII. REPORTS/RECOMMENDATIONS
VII.A. AFFORDABLE HOUSING FINANCING TOOLS — RECEIVED
Nick Anhut, Ehlers and Associates, presented various financing tools available to the HRA to support
affordable housing development. He spoke about the need for public funding to create affordable
housing projects and address the financial gap for developers then outlined in detail TIF/abatement
financing options that included pay-as-you-go notes, bonds/interfund loans, TIF pooling, HRA levy,
revolving loan funds, local housing trust fund, housing improvement areas, public project bonding,
funding partners and tax-exempt bonds.
The Commission asked if housing improvements areas could be used for rental property projects
and pooled monies use examples outside of revolving loans. Mr. Anhut responded that tool could
possibly be used for units rented in a common -interest community but not a standalone multi -family
project. He said revolving loan programs included many restrictions and an HRA-levy would provide
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much more flexibility then noted other projects such as oLraet capa. accessibility or infrastructure
that would serve an affordable housing development could be done as well,
The Commission asked about the use oJbonds for publicly offered securities to the private sector
to fund affordable housing projects with o market rate would help cover the cost Mc Anhutsa|d
he would return with further research as vvh||e there were private funds that do that work our
ability to obtain that financing could be limited.
Vill. HRA COMMISSIONERS' COMMENTS—Kaoakmd
IX. EXECUTIVE -Recekmd
�� UPDATE ON REDEVELOPMENT PLANNING FOR S 146 EDEN AVENUE —Recevod
Economic Development Manager Meuandorf provided an update on the status of the 5148 Eden
Avenue project and recommended next steps. Discussion was held on the need for an additional
worksession prior to expiration of the memorandum of understanding (MOU) with a new concept
that included ownership hmusing, public green space, commercial buUd|ng, and upedestrian bridge
across the railroad tracks. Henoted the M[)Uallowed both parties toexplore concepts and there
was no obligation to commit tothe proposed uses. Mr. Neuendorfna\d most comments focused
on what the project was lacking and not delivering and that the developer understood the direction
and was willing to start over to explore more programming ideas, He said it was essential for the
group to hold a separate meeting u better review of wants and needs to provide the best direction
tothe development team.
The Commission held discussion on the most important points and the need for the public to
understand the history of the site constraints, such as inclusion of a park and ride no longer on
option and the need to identify a desired outcome, whether it be policy, funds, or a combination.
Discussion was held about the need to keep the spirit of the original frannework alive created nine
years ago in spite of site constraints as well as the difficulties of having o part public/part private
development. Staff was directed to identify u mutual dote to meet, possibly in permun, that vvuu|d
input the developer and the public.
X. ADJOURNMENT
Motion made by Commissioner Anderson, seconded by Commissioner Jackson, to
adjourn the meeting at8;52 a.nn.
Roll call:
Ayes: Commissioners Jackson, Pierce, Staunton, and Chair Hovland
Motion carried.
Respectfully submitted,