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HomeMy WebLinkAbout1997-04-07 HRA Regular Meeting MINUTES OF THE JOINT MEETING OF THE EDINA HOUSING AND REDEVELOPMENT AUTHORITY AND EDINA CITY COUNCIL HELD AT CITY HALL APRIL 7, 1997 ROLLCALL Answering rollcall were Commissioners/Members Faust, Hovland, Kelly, and Chairman Smith. CONSENT AGENDA ITEMS APPROVED Motion made by Commissioner/Member Hovland and seconded by Commissioner/Member Faust to approve and adopt the Consent Agenda items as presented. Rollcall: Ayes: Faust, Hovland, Kelly, Smith Motion carried. *MINUTES OF THE HRA MEETING OF MARCH 17, 1997, APPROVED Motion made by Commissioner Hovland and seconded by Commissioner Faust approving the Minutes of the Regular HRA Meeting of March 17, 1997. Motion carried on rollcall vote- four ayes. *BIDS AUTHORIZED FOR MASS GRADING AND SALE OF EXCESS GRANULAR • MATERIAL (PHASE II OF CENTENNIAL LAKES PARK) Motion made by Commissioner Hovland and seconded by Commissioner Faust authorizing bids for mass grading and sale of excess granular materials for Phase II Centennial Lakes Park. Motion carried on rollcall vote - four ayes. AMENDMENTS TO GRANDVIEW REDEVELOPMENT PROJECT #1 GRANDVIEW AREA REDEVELOPMENT PLAN AND GRANDVIEW TAX INCREMENT FINANCING PLAN APPROVED Executive Director Hughes reported on February 18, 1997, staff presented a report to the HRA concerning the possible acquisition of properties identified as Lewis Engineering and Kunz Oil (Parts Plus) within the Grandview Redevelopment Area. On that occasion, the HRA adopted resolutions authorizing acquisition of these properties by eminent domain if necessary. Staff also advised that such resolutions were dependent upon the HRA adopting amendments to the tax increment financing plan for the Grandview Tax Increment Financing District. Staff has prepared amendments and has provided copies of the amendments to Hennepin County and the Edina School District as required by State Law. A copy of the proposed amendments, is filed in the office of the City Clerk. Approvals of the amendment requires adoption of resolutions by both the HRA and the City Council. • The proposed amendments provide authority for the HRA to acquire and provide financial or other assistance to the properties generally referred to as Lewis Engineering and Kunz Oil (Parts Plus). In addition, staff recommends the amendments include the possible acquisition of the Edina School District bus storage facility even though the acquisition of this property is not now being pursued. In our opinion, this is advisable in light of the potential restrictions on tax increment financing that could prohibit such a project in the future. Representatives of the School District have been advised of our proposal to include the bus storage facility acquisition in the proposed amendments. The proposed amendments provide for an acquisition and site development budget of $3,900,000.00. The plan also provides for the use of tax increment to pay interest costs and various administrative expenses allowed by State Law. As noted earlier, copies of this plan have been sent to Hennepin County and the Edina School District. Hennepin County submitted comments regarding the amendments in correspondence dated March 27, 1997. Jeff Spartz, County Administrator noted this amendment is essentially a technical amendment adjusting the budgeted expenditures of tax increments and recommended no opposition to the amendment be expended. Staff recommends adoption of the amendments. No public comments were received. Commissioner/Member Hovland introduced the following resolution and moved its approval: • RESOLUTION APPROVING AMENDMENTS TO GRANDVIEW REDEVELOPMENT PROJECT NO. 1, GRANDVIEW AREA REDEVELOPMENT PLAN AND GRANDVIEW TAX INCREMENT FINANCING PLAN AND REQUESTING THE APPROVAL OF THE CITY COUNCIL BE IT RESOLVED by the Board of Commissioners (the "Board") of the Housing and Redevelopment Authority in and for the City of Edina, Minnesota (the "HRA"), as follows: 1. Proposed Amendment. The HRA has approved a redevelopment plan, as defined in Minnesota Statutes, Section 469.002, subdivision 16, designated as the Grandview Area Redevelopment Plan (the "Redevelopment Plan"), and a redevelopment project to be undertaken pursuant thereto, as defined in Minnesota Statutes, Section 469.002, subdivision 14 designated as Grandview Redevelopment Project No. 1 (the "Redevelopment Project"), and that in order to finance the public redevelopment costs to be incurred by the HRA in connection with the Redevelopment Plan and the Redevelopment Project, the HRA has approved a tax increment financing plan, pursuant to the provisions of Minnesota Statutes, Section 469.175, designated as Grandview Tax Increment Financing Plan (the "Financing Plan"), which establishes a tax increment financing district, as defined in Minnesota Statutes, • Section 469.174, subdivision 9, designated by the HRA as Grandview Tax Increment Financing District (Hennepin County No. 1202) (the "District"). It has been proposed that the HRA approve amendments to • the Redevelopment Project, Redevelopment Plan and Financing Plan which is entitled "Amendments to Grandview Redevelopment Project No. 1, Grandview Area Redevelopment Plan and Grandview Tax Increment Financing Plan (the "Amendment"). The Amendment authorizes the acquisition and redevelopment by the HRA of property in the area subject to the Redevelopment Plan and the additional expenditures of tax increment revenues derived from the District to pay public redevelopment costs of the acquisition and redevelopment of such property by the HRA or another party and to pay administrative expenses of the HRA and City. - 2. Approval of Amendment. The Amendment has been presented to this Board and is ordered placed on file in the office of the Executive Director of the HRA, and the Amendment is hereby approved. The Amendment further serves the original goals and objectives of the City and HRA in approving the Redevelopment Plan, the Redevelopment Project and the Financing Plan, by redeveloping property in the City in order to prevent or reduce blight, blighting factors and the causes of blight. 3. Presentation to City Council. The Amendment hereby approved shall be presented to the City Council for a public hearing thereon pursuant to Minnesota Statutes, Section 469.029, subdivision 6 and Section 469.175, • subdivision 4. Commissioner/Member Kelly seconded the motion. Rollcall: Ayes: Faust, Hovland, Kelly, Smith Resolution adopted. CLAIMS PAID Commissioner Kelly made a motion to approve payment of the HRA Claims as shown in detail on the Check Register dated April 2, 1997, and consisting of one page totaling $14,169.67. Commissioner Hovland seconded the motion. Rollcall: Ayes: Faust, Hovland, Kelly, Smith Motion carried. There being no further business on the HRA Agenda, Chair an mith declared the meeting adjourned. Executive Director •