HRA 02/13/1986 - 6750HOUSING & REDEVELOPMENT AUTHORITY MEETING
THURSDAY, FEBRUARY 13,'1986 7:00 P.M.
Nasim Qureshi, Director of HRA
and Offi.cial Copy
City of Fridley
A G E N D A
HOUSING & REDEVELOPMENT AUTHORITY MEETING THURSDAY, FEBRUARY 13, 1986 7:00 P.M.
Location: Council Chamber (upper level)
CALL TO ORDER:
ROLL CALL:
APPROVE OF MINUTES:
Housing & Redevelopment Authority Minutes: January 9, 1986
ADOPTION OF AGENDA:
PRESENTATION OF APPRECIATION PLAQUE FOR CAROLYN SVENDSEN. . . . . . . . . 1
REQUEST FOR ASSISTANCE FROM VANTAGE COMPANIES . . . . . . . . . . . . . 2 - 2G
RESIDENTIAL RELOCATION CLAIM FOR PETER LIND RUKES, 5747
CENTRAL AVENUE N.E., FRIDLEY, MINNESOTA - TOTAL AMOUNT TO BE
APPROVED: $4,450.00 . . . . . . . . . . . . . . . . . . . . . . . . 3 - 3J
REPORT ON THE FEES FOR THE $5,600,000 CAPITAL APPRECIATION
BOND AND $11,550,000 VARIABLE RATE GENERAL OBLIGATION TAX
INCREMENT BONDS . . . . . . . . . . . . . . . . . . . . . . . . . . 4 - 4L
CLAIMS . . . . . . . . . . . . . . . . . . . . . . . . . . S
OTHER BUSINESS:
ADJOURNMENT:
�l
A
CITY OF FRIDLEY
HOUSIrC & REDEVELOPMENT AUTHORITY
MEETING
JANUARY 9, 1986
CALL TO ORDER:
Chairperson Comners called the January 9, 1986, Housing & Redevelopment Authoritv
meeting to order at 7:55 p.m.
ROLL CALL:
Members Present: Larry Conners, Duane Prairie, Virginia Schnabel
Members Absent: Walter Rasmussen, Elmars Prieditis
Others Present: Nasim Qureshi, HRA Director
Samantha Orduno, Management Assistant
Jim Robinson, Planning Coordinator
Rick Pribyl, City Finance Director
Dave Newman, HRA Attorney
Dave Harris, 470 Rice Creek Blvd.
Dick Harris, 6200 Riverview Terrace
G. W. Paschke, 7970 University Ave
Erik Nesset, Woodbridge Properties
Linda Fisher, Larkin, Hoffman, Daly &
Lundgren (rep. Woodbridge Prop.)
APPROVAL OF DECC-IDER 12, 1985, HOUSING & REDEVELOPMENT AUTHORITY MINUTES:
MO-ION BY MR. PRAIRIE, SECONDED BY MS. SCHNABEL,; TO APPROVE. THE DEC'. 12, 1985,
HOUSING 6 REDEVELOPMENT AUTHORITY MINUTES.
Ms. Schnabel stated that on page 6, 4th paragraph from the bottom, "Mr. Dave Newman"
should be changed to "Mr. Dave Weir ".
UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COIIMF.P.S DECLARED THE MINUTES
APPROVED AS AMENDED.
1. UPDATE ON UNIVERSITY AVENUE CORRIDOR:
Mr. Qureshi stated that as the HRA members remembered, some business people
along University Avenue had appeared before the HRA at a previous meeting
to see if something could be done to upgrade University Ave. regarding its
image and as a corridor for the City. The proposal was that the City get
some estimates of costs for developing proposals for this area, and the business
people agreed they would want the HRA to fund up to $5,000; anything beyond
that, they would fund.
Mr. Qureshi stated tfie City did receive five proposals. Out of those five,
three were submitted to the HRA. These proposals are as follows:
`A
HOUSING & REDEVELOPMENT AUTHORITY MEETING, JANUARY 9, 1986 PAGE 2
Barton Aschman & Assoc. - $25,000
Short - Elliott- Hendrickson - 17,000
Nestwood Planning and Eng. - 11,500
Mr. Qureshi stated Staff was looking for some direction from the HRA as to
whether the workshould be done, what the cost of the work should be, and how
the cost should be shared (City /HRA /business people).
Mr. Dave Harris stated he felt the business people had understood this would
be a preliminary plan for University, and they were led to believe that $5,000
would probably give a good indication of some ideas that could be done rather
than drawing up detailed plans and specs. He felt that was why these estimated
figures were so high for the proposals.
Mr. Rohinson stated he felt these figures did reflect a turn -key operation
that would carry the project from beginning to end. He felt that any one of
the proposals could be scaled down to a preliminary number.
Mr. Dave Harris stated he felt comfortable with what was proposed in all
three proposals, but maybe now the business people should rethink the situation;
and if the City wants to go into this kind of detail, then maybe the HPA, the
City Council, and other entities should participate to a larger degree.
Mr. Prairie stated maybe the business people should come up with a number of
how much they were willing to commit dollar -wise, and then come back to
the HRA with that figure.
Mr. Dave Harris stated that rather than give a number, they would give the HRA
a percentage of what they would be willing to pay on a project.
Mr. Commers stated the HRA was very interested in participating in this project.
They felt it was something well worth looking into. As long as the" are working
to develop the rest of the Center City, there was no reason not to work on the
corridor, too.
Mr. Dave Harris stated they definitely see this corridor as the focal point
of the whole community, and it was important to Fridley's image to make some
improvements.
Mr. Dave Harris stated that if copies of the materials were sent to him, he
would make sure the rest of the committee members received it.
Discussion continued until the next meeting.
2. REIMBURSEMENT TO G. W. PASCHKE FOR SOIL CORRECTIOM COSTS:
Mr. Qureshi stated the HRA had agreed to pay Mr..Paschke $43,000 in soil
and drainage correction once the building along Main St. was completed.
Basically, the building was completed, but there were some other items that
needed attention. One was regarding some easements and some question on variances
the City approved with stipulations on the pond and its capacity. He stated
the City is working with Mr. Paschke to finalize these problems.
HOUSING & REDEVELOP1E NT AUTHORITY MEETING, JANUARY 9, 1986 PAGE 3
Mr. Qureshi stated he would recommend the HRA release all the money except
$10,000 ($33,000) so that once all the problems are finalized, they could
release the final $10,000.
Mr. Commers stated the only problem he saw was that the HRA had agreed to
pay Mr. P aschke when the certificate of occupance was issued.
Mr. Paschke stated the building was completed, and all the grounds were completed.
The pond was completed. The only thing left was some minor final grading on the
bottom of the pond. He stated the easements have been drawn and are done.
Mr. Qureshi agreed that the agreement required a certificate of occupancy before
the money was released. Staff was recommending the release of most of the
money and when the rest of the details were completed, the rest of the money
would be released.
MOTION BY MR. PRAIRIE, SECONDED BY 11S. SCHNABFL, TO RF.LEASF. $33,000 TO
G. W. PASCHKE AT THIS TIME AND TO AUTHORIZE STAFF TO RELEASE THE BALANCE
($10,000) WHEN THE CERTIFICATE OF OCCUPANCY IS ISSUED.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COHMERS DECLARED THF, MOTION
CARRIED UNANIMOUSLY.
Mr. Dave Harris stated he would like to address the HRA relative to this subject
in general. He stated that most of the time the HRA participates in soil
correction so buildings can be built. He felt the problem with the whole
thing was not based on the willingness of the City or the HRA but the timing
in getting the money to the developer. He suggested the HRA put themselves
in the developer's position where the developer acquires the land and then
does the soil correction. The developer then becomes the payee, buying the
service through a contractor, the soil is corrected, and the developer has paid
out the money. It was at that point in time when he felt the developer should
be reimbursed by the HRA for the land correction costs, not when the building
was completed.
Mr. Dave Harris stated that if the soil work is completed and the ground is
ready for building and the money has been expended for that service by the
developer, then that was when the developer should be reimbursed.
Mr. Qureshi stated this would be a very strong shift from the HRA's approach
in the past. What the City and the HRA desire is that the structure be
conplete. It is the improved property which generates the increment to give
the HRA the tool to pay for the assistance. This was true in the case of
Mr. Paschke's development and Woodbridge Properties' development. The whole
approach was that the assistance provided was a guarantee that the actual
facility would be built. He stated the time frame was only a few months.
Unless the HRA desired to shift their philosophy, he would recommend they
continue to provide the money when the building is completed.
Mr. Commers agreed that in order to pay these funds, the HRA needed some
assurance that improvements were going to be made to the property.
HOUSING & REDEVELOPMENT AUTHORITY MEETING, JANUARY 9, 1986 PAGE 4
Mr. Dave Harris stated he felt that policy was incorrect. There had to be some
kind of compromise where maybe one -half or two - thirds of the money could be
provided after the correction was completed. Othen-iise,they have the situation
where the developer is having to be his own banker, and he felt that could be
a deterrent to development. It was not always just a few short months if a
project was started but halted over the winter months. It could sometimes
run up to 6 -8 months.
Mr. Dick Harris suggested the HRA reimburse the developer at roof stage,
because they then knew for sure the building was substantially built, and
a considerable amount of money had been contributed to the project. Roof
stage was usually when the developer made his first draw from the bank.
Mr. Conners stated that might be a reasonable compromise. He stated the HRA
would address this issue further the next time a similar situation arose.
Mr. Paschke stated there were already many problems with bad soil that if the
developer has a choice, he would choose not to develop a piece of property
because of the high cost of soil correction. This was just adding more
obstacles for developers. The assistance from the HRA was fine, but not near
the total cost of soil correction.
Mr. Corners thanked Mr. Dick Harris, Mr. Dave Harris, and Mr. Paschke for
their input.,
3. REVISED RESOLUTION! 110. HRA 21 -1985 REQUESTING CITY COUNCIL TO SELL G.O.
TAX INCREMENT BONDS:
MOTION BY MS. SCIINABEL, SECONDED BY MR. PRAIRIE, TO RECEIVE, TI/F. REVISED
RESOLUTION HRA 21 -1985 REQUESTING THE CITY COUNCIL TO SELL G.O. TAY. INCRFMF.NT
BOIIDS.
UPON A VOICE VOTE, ALL VOTING AYF, CHAIRPERSON COMMERS DF,CLARF.D THF. MOTIO17
CARRIED UNANIMOUSLY.
4. HRA'S OPTION ON PROPERTY LOCATED ON THE SOUTHEAST CORNER OF 63RD AVENUE
AND UNIVERSITY AVENUE SERVICE ROAD:
Mr. Qureshi stated this was the parcel of property the HRA had an option on
as part of the Fridley Plaza office building development. This option ran
until Feb. 1986. It was provided that if the HRA desired to exercise its
option, they would pay $10,000 and own the property. If they did not wish to
exercise its option, then the property owner, Mr. Gus Doty, would have to pay
the HRA $90,000 plus interest as of Feb. 1, 1986. They have calculated that
interest and principal to be $123,976.
Mr. Qureshi stated it was Staff's recommendation that because this was a
fairly expensive piece of property and bedause the HRA has shown no desire
to be the property owner, it would be best not to exercise the option and let
the property owner pay the HRA the money.
HOUSING & REDEVELOPMENT AUTHORITY MEETING, JANUARY 9, 1986 PAGE 5
Mr. Qureshi stated he has discussed this with Mr. Dotv. Mr. Doty had
presented some plans for an office building on that location. Mr. Qureshi
had told him that if Mr. Doty desired to beild an office building, the City
wanted some kind of assurance before they negotiate any kind of different
agreement. So, at this time, it was Staff's recommendation not to exercise
the option and have the property owner pay the HRA. '
Mr. Commers stated he did not think they should start any kind of negotiations
with the property owner on Feb. 1. It was one way or the other. If the
property owner wanted to negotiate, he should have been at this meeting.
He did not think it was unreasonable to take legal action if the payment was
not received on Feb. 1.
MOTION BY MS. SCHNABEL, SECONDED BY HR. PPAIRIE, THAT THE HRA ELECTS NOT TO
EXEPCISE ITS OPTION 017 THE PROPERTY LOCATED ON THE SOUTHEAST CORNER OF
63RD AVENUE AND UNIVERSITY AVENUE SERVICE-ROAD A17D DIRECTS STAFF TO NOTIFY
THE PROPERTY OWNER THAT A PAY1fENT OF $123,976 IS DUE ON FEB. 1, 1986. IF
THE PAYMENT IS NOT RECEIVED ON THAT DATE, LEGAL COUNSEL IS DIRECTED TO PROCF.F.D
WITH PROPER LITIGATION.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION
CARRIED UNANIMOUSLY. 1
5. REVIEW S -2 ZONING FOR 100 T14IN DRIVE -IN PROPERTY:
Mr. tlureshi stated most of this prooerty was zoned C -3. some R -1. some R -3.
and a small portion was C -1. Part of the development agreement the HRA
entered into with Woodbridge Properties was that the HRA would Drovide assistance
if thev.would develon the complex in essentially nine Dhases as shown in their
Dlan' It bound the HRA to facilitate this kind of development and it also
bound Woodbridge Properties to do the same.
Mr. Qureshi stated this plan called for a comprehensive campus -type approach
with a lot of green area, aesthetically pleasing buildings and facilites, and
it minht be more feasible to have the property zoned S -2 which was approval by
design. Woodbridge Properties was seekina a recommendation from the HRA to
the Planning Commission and City Council to support the S -2 zoning with certain
controls and stipulations. The S -2 zoning would allow the developer to develop
without regard to some of the typical setbacks and things of that type that
are encountered with this type of development. The whole idea was to have a
cohesive overall development which would be controlled by the HRA, the Planning
Commission and the Cite Council.
Mr. Qureshi stated Mr. Robinson has been working with representatives from
Woodbridge Properties. He asked Mr. Robinson to outline some of the rationale
and some of the stipulations recommended, and then the HRA's recommendation
would go to the Planning Commission and City Council.
Mr. Robinson stated the HRA members had a copy of a memo dated Jan. 9, 1986,
addressed to the Planning Commission and City Council. If approved, this would
be the HRA's recommendation to the Planning Commission and City Council.
HOUSING & REDEVELOPMENT AUTHORITY MEETING' JANUARY 9, 1986 PAGE 6
Mr. Robinson stated the Planning Commission reviewed this drafted memo at
their meeting on Jan. 8 and the drafted material of the plan, and thev felt
the S -2 zoning was an appropriate ray to proceed with the project. When
the City initially looked at the project in relationship to C -3 zoning, they
saw C -3 was the highest zoning which would facilitate this project; however,
there were a nuid)er of special use permits and setbacks and variances (which
noramlly apply to a C -3 district) that did not seem applicable to this develop-
ment because of the campus -tyoe approach. So, rather than go through that
lenqthy process, they would like to rezone the property to S -2 which was HRA
zoning.
Mr. Robinson stated they would alsn like to establish at the onset what would
be reasonable modifications to the plan which the HRA and staff would approve
and substantial changes to the plan which would include HRA, Planning Commission,
and City Council review and approval. Those were outlined on page 2 and 3 of
the Jan. 9 memo.
Mr. Robinson reviewed the reasonable changes, substantial changes, and stipu-
lations in the memo.
Ms. Schnabel stated one thing she liked about the S -2 zoninq was that as stated
on page 2 of the memo: "the S -2 code provides additional security as to the
future land use of this site in the unlikely event that the Woodbridge
development is not realized."
Ms. Schnabel asked that if for some reason
to develop the property and the HRA had to
any way to preserve this type of plan?
Woodbridqe Properties was not able
go to another developer, was there
Mr. Qureshi stated it was his understanding that this was the plan that was
approved by the HRA for this property per the development agreement. Whether
it was Woodbridqe Properties or any other developer, they would have to abide
by this plan which gnes with the property.
Mr. Robinson stated what he had tried to do in the memo was distinguish between
changes that would have to go to the HRA and Planning Commission and City Council
and those changes that would just have to come before the HRA. It aid not take
away any of the HRA's rights under the development agreement. The HRA still
had the power of review over any changes. Reasonable changes were reviewed
and approved by the HRA and staff and do not have to go to the Planning Commission
and City Council, and substantial changes are reviewed and approved by the HRA,
Planning Commission and City Council.
Mr. Commers stated he had reviewed the memo and had no problems with it.
Mr. Eric Nesset, Woodbridge Properties, stated the rationale behind the
request for S -2 zoning had been explained adequately. ghat protected the
City and the neighborhood was the approval of a specific plan which the S -2
does provide.
HOIJSI14G & REDEVELOPMENT AUTHORITY MEETING, JANUARY 9. 1986 PAGE 7
Mr. Nesset stated they were asking for S -2 because they want approval of the
site plan, but also it was their intent not to modify or limit any of the uses
under C -3 that wouldn't be allowed as Dart of the development agreement; for
example, they do intend to apply for a liquor license for the hotel and the
restaurant. They do aqree with the future controls as proposed � n the memo,
but he would like to make one clarification. They are agreeing to all the
height limitations except they would like to be allowed to increase one building
on the northeast corner of the property from two -story to three - story. They
feel that would be considered a reasonable change and would not have to go
through the Planning Commission and City Council.
Mr. Nesset stated the stipulations stipulate that the facade materials should
be approved as a condition of the rezoning ( #5 under the stipulations). They
do not believe that should be a condition of the rezoninn, because at the time
of rezoning. thev would not be in a position to be locked into the facade plan.
They do agree it should be a condition on the building permit.
Mr. Newman stated that regarding the oroposed height change. there was a
problem and that concerned the acquisition of the Darcel where this building
was proposed to be located. He appreciated the concerns of the developer, bijt
in attempting to renegotiate with the current pronertv owner, he would suggest
the developer not alter his plans at this time.
Mr. Oureshi stated that unless there was a strong need to change the plan at
this time,.he would recommend they leave the plans as they are. It would
probablv not be too difficult to make this chance later once some of the other
structures are built and the area is landscaped.
Mr. Conmers stated that since they have already adopted the plan, plus the
fact that there were legal issues arising regarding acquisition, he thought
this heiaht change could be resolved in the future. He, too, did not think
any chances should be made at this time.
Mr. Robinson stated the intent of the stipulations were that they would all be
approved before the first building permit was issued: He stated they could
eliminate the stipulation regarding the facade material plan ( #5) fron the
rezoning.
Mr. Qureshi stated the use of a liquor establishment was an allowed use in
C -3, and it would seem reasonable to make a provision that this not be excluded
from the rezoning.
NOTION BY MS. SCHNABEL, SECONDED BY MR. PRAIRIE, TO RECOMMEND TO PLANNING
COMMISSION AND CITY COUNCIL THE APPROVAL OF S -2 ZONINr. FOR LAKE POINTE
CORPORATE CENTER WITH THE FOLLOWING TWO AMENDMENTS:
1. APPROPRIATE LANGUAGE RE INRERTFD THAT THE S -2 ZONING NOT EXCLUDE
A LIQUOR LICENSE REQUEST FOR THE HOTEL AND THE RESTAURANT.
2. ELIMINATE FIFTH STIPULATION: "ARCHITECTURAL FACADE MATERIAL PLAN
INCL►IDINr. RAMPS"
UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON CONNER.S DECLARED THE MOTION
CARRIED UNANIMOUSLY.
HODUNG & REDEVELOPMENT AUTHORITY MFETOG, JANUARY 9, 1986 PAGE 8
6. LEGAL REOUIREM ENTS FOR RELOCATION EXPENSES FOR TENANTS AT 5747 CENTRAL AVF. N.E.:
Mr. Qureshi stated that in answer to the HRA's questions regarding whether
the HRA was required to provide relocation expenses to renters or tenants,
Staff had provided the HRA with information showina that by law the HRA was
required to pay relocation expenses.
Ms. Schnabel stated she appreciated all this information, and she saw the HRA
had no choice but to pay these expenses. but she felt it was an incredible
"rip -off ".
14r. Qureshi stated action needed by the HRA was to authorize Staff to pay
the relocation expenses to the tenant.
Ms. Schnabel asked if there were xeroxed copies of the rental checks to make
sure this was a legitimate rent tenant.
Mr. Robinson stated he would insist that those be nart of the claim when it is
filed.
Mr. Conmers stated that was a very good suggestion to make sure this was a
legitimate sub - tenant that has been paying rent for a year. Mal /be the HRA
should wait to aoprove +he relocation expenses until they see the formal
written claim.
MOTION BY MR. PRAIRIE, SECONDED BY MS SrHNABEL, TO TABLE.' THIS ITEM UNTIL A
FOR.'!AL WRITTEN CLAI Af IS FI LED .
TIPON A VOICE VOTE, ALL VOTING AYE, CHAIRPF.RSO11 COMMERS DECLARED T11F. MOTIOIJ
CARRIED UNANIMOUSLY.
Ir. Coi.-imers stated Mr. Jack Bagley, their Relocation Consultant, should
certainly be aware of all these things.
Ms. Schnabel stated another question she had was if the lower level where
the tenant was living fell under the zoning ordinance as a legal apartment,
does it meet fire code, etc.?
Mr. Commers stated that if this was not a legal residence, it was questionable
whether rent could legally be, charged, and whether the HRA was liable to pay
relocation expenses.
Mr. Newman suggested that these questions be submitted to Mr. Bagley for a
formal opinion.
The Commissioners agreed with fir. Newman's suggestion.
7. fYECUTION OF Q1UIT CLAIM DEED ON LOT 6, BLOCK 1, FRIDLEY PLAZA ADDITION:
MOTION BY MR. PRAIRIE, SECONDED BY 11S. SCHNABF.L, TO AUTHORIZE, THE EY.ECU_TIOR
OF THE QUIT CLAIM DEED ON LOT 6, BLOCK 1, FRIDLEY PLAZA ADDITION.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION
CARRIED UNANIMOUSLY.
HOUSING & REDEVELOPMENT AUTHORITY MEETING, JANUARY 9, 1986 PAGF 9'
8. CHECK. REGISTER:
MOTION BY HS. SCHNABEL, SECONDED BY 14R. PRAIRIE, TO ADPROTIE THF, CHECK
REGISTER AS PRESENTED.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COM14ERS DECLARED -THF,
MOTION CARRIED UNANIMOUSLY.
ADJOURNMENT:
MOTION BY 11S. SCHNABEL, SECONDED BY MR. PRAIRIE, TO ADJOURN THE 11EETING. UPON A
VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMHERS DECLARED THE JAN. 9, 1986, HOUSING
& REDEVELOP:SF.NT AUTHORITY MEETING ADJOURNED AT 9:50 P.N.
Respectfully submitted,
ynn >a a
Recording Secretary
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Minneapolis Division
2626 East 82nd Street, Suite 101 • Bloomington, MN 55420 • (612) 854 -5525
January 31, 1986
Mr. Nasim M. Qureshi
City Manager
Civic Center
6431 University Avenue Northeast
Fridley, Minnesota 55432
Dear Mr. Qureshi:
During our recent meeting with Jim Robinson and John Flora we were
informed to request by writing that the Fridley HRA consider a request
for financial assistance by the Vantage Companies.
Our request is a result of the uncovering of the greater than antici-
pated extensive soil corrections that are required at the site. The
magnitude of the soil corrections together with the purchase price of
the land, exceeds the market value of the land.
Vantage Companies would desire to work with the city in an expeditious
as possible manner to assure the on -going viability of the project.
When completed, the project will result in the creation of over 200
jobs, with over 51,000,000 in shell improvements.
I have given Mr. Robinson a complete set of soil boring tests, a con -
tour map and a summary estimate of the costs of soil corrections for
the entire sight currently being considered for re- zoning.
We desire to meet and discuss this situation with you as soon as
possible and to be placed on the next HRA meeting agenda.
I will call you within the next few days to arrange a meeting. If in
the meantime you have any questions, please don't hesitate to call.
Sincerely,
VANTAGE PROPERTIES, INC.
Kelly J. Doran
Marketing Representative
Minneapolis Division
cc: Matt Nicoll
David Mol da
Bruce Watson
Dale Beckman
Jim Robinson
Vantage
Vantage
Vantage
BRW, Inc.
City of Fridley
2
2A
VANTAGE COMPANIES
SITE CORRECTION & IMPROVEMENTS
FRIDLEY SITE - UNIVERSITY AVE. & 81ST AVE.
The following detail breakdown accounts for the estimated cost to prepare
and improve the 22 (plus) acre site west of University Avenue and north of
81st Avenue. Because the existing water table level on the site is so
high, dewatering of the site area will be necessary during the removal of
the undesirable soils (peat and silts) and the placement of the granular
fill in its place. It has been the strong recommendation by our Soils
Testing Consultant, Twin City Testing, and our Site Consultant, BRW, Inc.,
that filling thru standing water should not be considered. Also because of
the high water table, the elevations of the building pads will have to be
raised above the present site elevations.
The breakdown below takes into consideration only the removal of* the
existing undesirable soils and the re -fill with compactible granular
material to the same topographical elevation. The raising of the building
pad elevations has not been considered as those elevations were not
determined at the time of these calculations. These calculations are based
on the information obtained from soil borings taken on the site previous to
November 1984. The soil borings authorized and put down in January 1986
are still being evaluated. Preliminary review with Twin City Testing
indicates that the improvement efforts at the new boring locations are
similar and, therefore, be consistent or higher than the amounts listed
below:
OEWATERING OF SITE - Well points would be put down on the site to pull down
the water table Town on the site approximately 6 feet for the average
elevation removal of the unsuitable soils. Additional dewatering will be
necessary at specific locations where excavation -exceeds this depth and
extends to as much as 16 to 18 feet. Cost ......................S 660,000
BUILDING AREA CORRECTION - In the building pad regions, excavation and
removal of the undesirabTe soils in their entirety is essential. This
takes into consideration the oversizing of the building pad area as
recommended by the Testing and Engineering Consultant. The excavated area
will be refilled with a compactible granular material. Estimated is
removal of 57,000 cubic yards and the loose fill volume replacement of
74,100 cubic yards of granular compacted fill. Cost ............$ 625,000
M
SITE CORRECTION b IMPROVEMENTS
PAGE 2
PARKING LOT AREA CORRECTION - Removal of undesirable soil in this area will
be to a depth of approximately 3 feet below the final sub -grade base of the
asphalt paving section. This procedure should allow the bringing of the
remainder of any unsuitable soils below. A geotextile fabric will also be
installed at the bottom of this excavation prior to refilling the area with
the clean granular fill. The fabric is intended to keep the different soil
conditions separated from each other. Estimated removal is 80,000 cubic
yards and the loose volume refill of 104,000 cubic yards. This takes into
account a 30% compaction volume loss. Certain amount of this fill material
is estimated to come from the N.E. corner of the site.
Cost of Excavation and Fill ....... ..............................S 680,000
Geotextile Fabric ................. ..............................S 100,000
SUB -TOTAL OF ALL COSTS TO THIS POINT ....... .....................51,465,000
EXTRA PRELIMINARY PRICING
For the purposes of establishing a building pad elevation on which to
effectively construct above the water table level and to give the proper
parking lot drainage to the site, a pad elevation f 870 was established.
Using this elevation, it was determined that an additional 42,000 cubic
yards of fill would be required to be imported and compacted. Cost
................................... ..............................S 240,000
Also because of the necessity to handle and retain site drainage according
to the City requirements an approximate 11 to 2 acre retainage pond area
would have to be constructed. Cost ................ ...........S 45,000
TOTAL COST OF THE PROJECT IMPROVEMENTS ( Estimated ) ...............51.750.000
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_ _— __ —___ — _•tip_ __— ___ __
.� PLANNING DIVISION 3
anoF MEMORANDUM
FItIDLEY
MEMO TO: Nasim Qureshi, City Manager
MEMO FROM: Jim Robinson, Planning Coordinator,*,-
.•
MEMO DATE: January 24, 1986
REGARDING: Relocation Benefits for 5747 Central Avenue N.E.
At the suggestion of the Housing 8 Redevelopment Authority I had our Housing
staff person inspect the acquisition property at 5747 Central Avenue N.E. to
determine if the co- tenant in the basement was a legal tenant.
We discovered that the bedroom which he occupies is not legal in that the
window is over four feet from the floor. In addition there is a separate
kitchen which is prohibited in the zoning code definition of guest room.
I informed the relocation consultant of these discrepancies and asked him to
respond. His evaluation is attached. Apparently these technical violations
are not grounds for denying relocation assistance eligibility.
Mr. Bagley has been informed that all claims will require Housing 9 kedevelop-
ment review.
JLR /dm
M -86 -16
T.�
.. t� , ti!{s�i i•.,�w... 'i?'til."'! Y "T-; :�► '�-i''�i'rs
JACK BAGLEY FEDERAL STATE RELOCATION CONSULTANTS
w r �'fi+e.!-. -+�� l+y�� � �. ��► -.j .:f"�- - "'���.- ~.�e "�qqp -.�.r ter-- i:yliri ~• -,���. N� •1+'tv�i�^"�i�•v�ic..
January 13, 1986
Mr. James Robinson, Planning Coordinator
City of Fridley
6431 University Avenue, N.E.
Fridley, Minnesota 55432
Re: Peter Rukes
5747 Central Avenue N.E.
Legal Occupancy
Dear Jim:
Persuant to our conversation this morning regarding the
referenced individual and the status of his occupancy I contacted
the area office of Housing and Urban Development. My contact
there is Ms. Louise Gerber, Relocation and Acquisition
Specialist. I explained the occupancy situation at the
referenced address and the lack of compliance with certain codes
and zoning ordinances. She called the Central Officp of H.U.D.
in Washington, D. C., and got the following response: (which
concurrs with my statement to you)
Lawfully occupied, as per 42.451 means a legal
occupancy. NOT a squatter or trespassor. Technical
violations of occupancy codes in the acquired dwelling
are not grounds for denying eligibility for relocation
assistance. The condition of the dwelling or the fact
that it does not meet code is not a factor relating to
eligibility for relocation benefits. More often than
not people are relocated from sub standard dwellings.
The central office also advised her that the prime tenant could
be eligible for a Business Relocation Claim (the same as the
owner). This has not been discussed with the prime tenants.
Providing the referenced tenant supplies me with rental payment
documents or affadavit it appears he'll be eligable for a rental
adjustment payment of $4,000.00 and a fixed payment for moving
expenses in the amount of $450.80, total payment $4,450.00.
Sincerely,
Ja agley
Re ocation Consultant
JB:ld
299 N. SNELLING AVE. ST. PAUL, MN 55104
(612) 645 -9171
RESIDENTIAL
COMMERCIAL
FEDERAL - STATE
RELOCATION CONSULTING SERVICE INC.
299 North Snelling Avenue
St. Paul. N inncsuta 55104
Phonic: Area Code - 612- 645 -7329. 645 -9171
January 30, 1986
Mr. James Robinson, Planning Coordinator
City of Fridley /Civic Center
6431 University Avenue, N.E.
Fridley, Minnesota 55432
Re: Peter Rukes
5747 Central Avenue N.E.
Dear Jim:
I
INDUSTRIAL
Attached for your review and approval is the relocation claim of the
referenced displacee.
Payment is recommended in the amount of $4,500.00.
Authorization for this payment is 42.351 and 42.451 of the Uniform
Relocation and Real Properties Acquisition Policies Act of 1970 and
Minnesota State Statute 117.52.
The claimant has indicated that he would like to pick his check up at
City Hall. He will call you on the 14th of February, 1986 to make
arrangements.
If you have any questions regarding this claim, please give me a call.
Very truly yours,
e2ation ley
R Consultant
JB:ld
Form Approved Ar
L� S DFPARTMFNT OF HOUSING AND URBAN DEVELOPMENT
�w
FOR AGENCY USE ONLY
CLAIM FOR MOVING COSTS AND RELATED
NAME AND ADDRESS OF AGENCY TPROJEC AME /NUMB
- - FAMILIES AND INDIVIDUALS
I Hwy
&Central
HRA City of Fridley Imp rovements
(HUD Regulations at 24 CFR Part 42)
6431 Universtiy Ave. NE CASE NUMBER
lFridley, Mn. 55432 N/A
PIil LACY ACT NOTICE — You are asked to provide this information in order to determine whether you are eligible to receive moving costs and related
P•penses. You are not required bylaw to furnish this information, but if you donor provide it, you may not receive any payments for these expenses or
,r may take longer to pay you. This information is being collected under the Authority of the Uniform Relocation Assistance and Real Property Acquisi-
lion Policies Act of 1970. The information is reported to the displacing agency and maybe made available to HUD.
1. YOUR NAMEIS) (You are theClaimant(s)) IA. PRESENT MAILING ADDRESSIES) OF CLAIMANTS 1B. TELEPHONE
5747 Central Avenue NE NUMBER
Peter Lind Rukes
Fridle Mn _5_5432_ 571 -5898
2. HAVE ALL MEMBERS OF THE HOUSEHOLD Of' No, -list the names of the members and allOIF
t7'
MOVED TO THE SAME DWELLING? El Ck
Yes No the addresses to which they moved in the Remarks Section)
HOW MANY
ROOMS DID
WAS IT FURNISHED
WITH YOUR OWN
WHEN DID YOU
DWELLING
ADDRESS (Include Apartment No.)
YOU OCCUPY
FURNITURE?
MOVE THERE?
_ --
-- -- - -- -- -- -- - - (a) - - - --
(b)
(c)
Id)
-
® Yes ❑ NO
3 WHERE DID YOU
MOVE FROM?
5747 Central Avenue NE
—
ridley e_1�iinnesotaS5432
8835 Baltimore Street NE
Dec . 19 84
4. WHERE DID YOU
*Excluding bathrooms,
MOVE TO?
laine, Minnesota
hallways and closers.
5 IS THIS A FINAL CLAIM? [R Yes ❑ No (if'No, "explain in Remarks Section)
This claim form is for the use of families and individuals applying for payment of moving and related expenses.
IINSTRUCTIONS:
You may apply for either (1) a "fixed payment" which includes a "dislocation allowance ", or (2) an amount to cover the actual
moving and related expenses incurred. A claim for actual expenses must be supported by attached receipts, vouchers, or similar
evidence. The displacing agency will explain the differences between the two types of payments and, if you wish, will help you
complete this form. If the full amount of your claim is not approved, the displacing agency will provide you with a written explana-
tion of the reason. If you are not satisfied with the displacing agency's determination, you may appeal that determination. The
displacing agency will explain how to make an appeal. Costs which are paid for are listed on page 2 of this form.
6. COMPUTATION OF PAYMENT (Complete item 6A or 66)
6A. FIX ED PAYMENT CLAIM
68. ACTUAL MOVING EXPENSES CLAIM
ITEM
AMOUNT FOR AGENCY
USE ONLY
AMOUNT
FOR AGENCY
USE ONLY
t (1) Moving Allowance fConsult Agency for amount)
s 250.00
S 250.00
12) Dislocation Allowance (Consult Agency for amount)
200.00
200.00
(3) kloving Cost
$
$
I(4 ) Transportation Cost - Families and Individuals
(5) Cost of Insurance Covering Move and /or Storage
(6) Storage Cost (Complete Item 11 on page 2)
(7) Other (Explain in Remarks Section)
(8) Total Amount of Claim
(Line I1) plus (2))
450.00
450.00
Sum Of Lila (3) shru (7))
(9) Amount of Advance Payment (s) Received (If any)
None
None
(10) Amou nt Cis imed (Line (a) minus Line (9))
s 450.00
_
$ 450.00
$
s
7. CERTIFICATION BY CLAIMANTIS)
WARNING: If you knowingly or deliberately make false statements on this form, you may be subject to civil or cr "minal penalties
under Section 1001 of Title 18 of the United States Code. In addition you may not receive any of the amounts claimed on this form.
1 CERTIFY that this claim and the information about the claim provided by me are true and complete. 1 further certify that I have not submitted any other
claim for the expenses listed nor have I been for the listed
paid expenses by any other source and that the claim correctly shows my actual expenses.
I ask that 1 be paid the amount on Line 10. My choice of fixed payment in 6A or actual moving expenses in 6B was based on the explanation by the agency
representative of the difference between these ty s of payments.
ZL 1 -�a- r
(Signature(s) of C/aiment(s) (Date)
TO BE COMPLETED BY AGENCY
'AYMENT ACTION
AMOUNT OF SIGNATURE
NAME (Type or Print)
DATE
8
Recommended
$450.00 __; !' yr i
Jack Bagley
1/10/86
9
Approved
$450.00 J
-M... n —
'rev-ous Edrtinn it r11
HUD-4000 (9.79)
9
TO BE COMPLETED BY CLAIMANT(S)
10. METHOD OF PAYMENT (Check ouuc) (Completr sdp if claim is for actual moving expenses)
O 1 (We) have paid the amount claimed on Line (10) of Item 6. Proof of this claim is shown on the attached itemized receipt(s) or
bill(s), and 1 (we) therefore request that we receive payment for this amount.
0 1 (We) have not paid the itemized bills which are attached and, in accordance with my (our) agreement with the contractor(s),
(we) request that the agency pay these bills directly to the contractor(s).
11. SUPPORTING DATA FOR STORAGE COSTS
INSTRUCTIONS: Describe property stored in Remarks Section
or attach list.
COMPUTATION OF STORAGE COSTS
I ITEM AMOUNT FOR AGENCT USE ONLY
IS THIS A FINAL CLAIM FOR STORAGE? ❑ Yes ❑ No
DATE MOVED TO STORAGE
DATE MOVED FROM STORAGE
MONTHLY RATE FOR STORAGE
S
S
NAME AND AODRESS OF STORAGE COMPANY
NUMBER OF MONTHS IN STORAGE
TOTAL STORAGE COSTS
(Enter this amount on Line (6)
of Item 68 of Claim Form)
$
$
SHOULD PAYMENT BE MADE DIRECTLY
TO STORAGE COMPANY? ❑Yes ❑ No
AMOUNT PREVIOUSLY RECEIVED
(Include this amount in Lino f9) of
Item 68 of Claim Form)
$
$
REMARKS lAdd more sheets, if necessary)
Steven Rukes
and
Robin Trombley Have not relocated at this time /date.
ADDITIONAL INFORMATION
MOVING AND RELATED EXPENSES MOVING AND RELATED EXPENSES
WHICH ARE PAID FOR WHICH ARE NOT PAID FOR
1. Transportation of individuals, families and personal 1. Cost of moving buildings or other real property improvements
property from the acquired site to the replacement site. in which the displaced person reserved ownership.
Transportation costs for a distance beyond 50 miles are not
eligible, unless the displacing agency determines that reloca- 2. Interest on a loan to cover moving expenses.
tion beyond 50 miles is justified.
3. Personal injury.
2. Packing crating, unerating and unpacking of personal
property. 4. Cost of preparing the claim for moving and related ex-
penses.
3. Necessary charges for the removal and hookup of appli-
ances, equipment and other items, not acquired as real prop- 5. Expenses for searching for a replacement dwelling.
erty.
4. Storage of the personal property, as determined necessary
by the displacing agency.
S. Insurance of the personal property in connection with the
move and necessary storage.
Page 2 HUDA000 (9.79)
Form Approved
r1R4R N1 fiA.Rl4&R
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
FOR AGENCY USE ONLY JL
NAME AND ADDRESS OF AGENCY
lPfkOJECT NAME/N& UCBBEri
Wy'
CLAIM FOR RENTAL ASSISTANCE PAYMENT
City of Fridley
X �,r) y -
6431 University Ave. N
�ents
(HUD Regulations of24CfR Part 42)
,Fridley, Mn. 55432
PRIVACY ACT NOTICE: You are asked to provide this information in order to determine whether you are eligible to receive a rental assistance payment.
You are not required by law to furnish this information, but if you do not provide it, you may not receive this payment or it may take longer to pay you.
This information is being collected under the authority of the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. The infor-
mation is reported to the displacing agency and may be made available to HUD.
GENERAL INSTRUCT IONS — This claim form is for the use of families and individuals applying for a rental assistance payment. The displacing agency re-
presentative will help you complete the form and inform you of the information that you must provide in support of this claim. You may receive the pay -
menr in a lump -sum amount. If you would prefer to have the payment made in installments, indicate your choice of frequency (monthly, yearly, etc.) in the
Remarks Section. If the full amount of your claim is not approved, the displacing agency will provide you with a written explanation of the reason. If you
are not sarisfied with the displacing agency's determination, you may appeal that determination. The displacing agency will explain horn to make an appeal.
1. YOUR NAME(S) (You are the Claimant(s))
IA. PRESENT MAILING ADDRESS(ES) OF CLAIMANT(S) i
1B. TELEPHONE
NUMBER(S)
Peter Lind Rukes
5747 Central Ave. NE
Fridley, Mn. 55432
571 -5898
2. HAVE ALL MEMBERS OF THE HOUSEHOLD MOVED TO THE SAME. DWELLING? ❑ YES CJ NO (If "No," list the names of the membets and
all of the addresses to which they moved in the Remarks Section)
DWELLING
ADDRESS
WHEN DID YOU
RENT THIS UNIT,
WHEN DID YOU
MOVE TO THISUNIT7
WHEN DID YOU MOVE
OUT OF THIS UNIT?
(a)
(b)
(c)
(d)
3. UNIT THAT YOU
5747 Central Avenue NE
Tentative
MOVEDFROM
Fridley, Minnesota 55432
Dec., 1984
date 2/1/86
4. UNIT THAT YOU
8835 Baltimore St. NE
MOVEDTO
Blaine, Minnesota
Jan., 198
Feb. 1 1986
5. COMPUTATION OF RENTAL ASSISTANCE PAYMENT
INSTRUCTIONS: Complete Items 11 and 12 on the reverse side of the form before
TO BE COMPLETED BY CLAIMANT
FOR AGENCY
completing this section. The displacing agency representative will help you.
USE ONLY
11) Monthly Housing Cost for Replacement Dwelling Unit to which you moved
(From Line (3), Column (c) Item It)
= 285.00
$ 285.00
(2) Monthly Housing Cost for Comparable Replacement Dwelling. (From Line (3),
$
$
Column fe) of Item r 1) (To be provided by Agenc yJ
3 5 0. 0 0
350.00
13) Enter the Lesser of Line (1) or (2)
$ 285.00
S 285.00
(4) Monthly Housing Cost for Dwelling Urit from which you were displaced
$
$
(From Line (3). Column (a) of Item 11)
200.00
200.00
(5) Claimant's Ability -To -Pay (From Line (3), Column (a) of Item 12)
$ 362.71
$ 362.71
(6) Enter the Lesser of Line (4) or 15)
S 200.00
S 200.00
(7) Monthly Need (Line (3) minus Line (6))
$ 85.00
S 85.00
(8) Amount on Line (7) Multiplied by 48
$ 4,080.00
$ 4,080.00
(9) Amount of Rental Assistance Claimed (EnterAmounton Line (81 or$4,000,
$ 4,000.00 000.00
$ 4,000.00 000.00
_ whichever is less)
S None
s None
(10) Amount of Advance Payment, if any
111) Amount Requested (Line (9) minus Line (10)1
$ 4,000.00
S 4,000.00
6. CERTIFICATION BY CLAIMANTIS)
WARNING: If you knowingly or deliberately make false statements on this form, you may be subject to civil or criminal penalties under Section 1001 of
Title 18 of the United States Code. In addition you may not receive any of the amounts claimed on this form.
1 CERTIFY that this claim and the information about the claim provided by me are true and complete. I further certify that I have nor submitted any other
claim for the expenses listed, that I have not been paid for the expenses listed by any other source, and that the claim correctly shows my actual expenses.
I ask that I be paid in the amount shown on Line N r) of Item 5 in Done lump -sum ❑installments (as specified in Remarks Section). My decision to rent a
dwelling, rasher buy dwelling, was based on a full explanation by the displacing agency representative of the difference between the types of payments
available (rents ass' tanc or homeowners�i assis nce).
(//
(Signature(s) of Claimant(s)) (Date)
TO BE COMPLETED BY AGENCY
7. EFFECTIVE DATE OF NOTICE OF DISPLACEMENT
S. DATE REPLACEMENT DWELLING INSPECTED AND FOUND TO BE DECENT, SAFE
AND SANITARY
10/18/85
PAYMENT ACTION
AMOUNT OF
PAYMENT
SIGNATURE
NAME (Type or Print)
DATE
9. RECOMMENDE
$4,000.00
'�
�'�. °-
Jack Bagley
1/1 86
10. APPROVED
$4,000.00
Prev -sus Edition is Obsolete HUD-4002 19.79)
(1) Contract Rent
121 Average Monthly Utility Charges Not Included in Contract Rent
(List each Item below (ey., ps, eketricity, oil, water) and list
ansounts In columns (a) and fell
$ 200.00 $200.00 $ 285.4 $ 285.00 $ 350. G
ncluded IncludeeInclude Includedirnclude
(3) Total Monthly Housing Cost (Sum of Line (r) plus all entries in
Line 2)1 $200.001$200.00 5 285.0 $285.0
11 1#'.
12. DETERMINATION OF CLAIMANT'S ABILITY- TO-PAY
..._ _
- --- - •. •••��•�•a
—all MUU11 memoers r►(l years or older! of Household (List
column (8)) names below and list amounts in
Estimated at $15,000.00 per year
(2) Total Gross Monthly Income (Sum of entriae In Line (f))
(3) Claimant's Ability -to -Pay Monthly Housing Cost (Amount on Line (2/ X.25)1
REMARKS
CLAIMANT
(a)
17,409.9
s_
5350.0(
FOR AGENC`
USE ONLY
(b)
17,409.9
5
1,450.8
$362.711$362.71
Claimant is employed at Minnesota Marine Service, Inc. It is seasonal
employment at $8.25 /hour. He gets some overtime. He estimates his
yearly income at $15,000.00 which includes unemployment benefits.
Please see attached income verification from Minnesota Department of
Economic Security, which is verification of amount indicated in item
12 (1) , (2) , & (3) above.
� 7 -
a�k' Bagley
;Relocation Consultant
I ;'
HUD -4002 ,9 -79)
3F
11. DETERMMINATION OF CLAIMANT'S MONTHLY HOUSING
COST (MHC)
INSTRUCTIONS: The term "Monthly Housing Cost" means
the average monthly cost for rent and utility charges. Utility
MONTHLY HOUSING
MONTHLY HOUSING
MONTHL'
charges include reasonable costs to provide heat, hot water,
COST FOR DWELLING
COST FOR REPLACE-
HOUSIN(
COST FOf
lighting, water and sewer, and trash removal. A person's
FROM WHICH YOU
WERE DISPLACED
MENT DWELLING TO
WHICH YOU MOVED
I COMPARAB
monthly housing cost for a replacement dwelling shall include
REPLACEMt
one-twelfth of the estimated reasonable yearly cost for utility
FOR AGENCY
DWELLIN'
charges.
CLAIMANT USE ONLY
FOR AGENCY
CLAIMANT USE ONLY
- TO BE
PROVIDEt
(a) (b)
(cl
BY AGENC
(dl
le)
(1) Contract Rent
121 Average Monthly Utility Charges Not Included in Contract Rent
(List each Item below (ey., ps, eketricity, oil, water) and list
ansounts In columns (a) and fell
$ 200.00 $200.00 $ 285.4 $ 285.00 $ 350. G
ncluded IncludeeInclude Includedirnclude
(3) Total Monthly Housing Cost (Sum of Line (r) plus all entries in
Line 2)1 $200.001$200.00 5 285.0 $285.0
11 1#'.
12. DETERMINATION OF CLAIMANT'S ABILITY- TO-PAY
..._ _
- --- - •. •••��•�•a
—all MUU11 memoers r►(l years or older! of Household (List
column (8)) names below and list amounts in
Estimated at $15,000.00 per year
(2) Total Gross Monthly Income (Sum of entriae In Line (f))
(3) Claimant's Ability -to -Pay Monthly Housing Cost (Amount on Line (2/ X.25)1
REMARKS
CLAIMANT
(a)
17,409.9
s_
5350.0(
FOR AGENC`
USE ONLY
(b)
17,409.9
5
1,450.8
$362.711$362.71
Claimant is employed at Minnesota Marine Service, Inc. It is seasonal
employment at $8.25 /hour. He gets some overtime. He estimates his
yearly income at $15,000.00 which includes unemployment benefits.
Please see attached income verification from Minnesota Department of
Economic Security, which is verification of amount indicated in item
12 (1) , (2) , & (3) above.
� 7 -
a�k' Bagley
;Relocation Consultant
I ;'
HUD -4002 ,9 -79)
DATE: January 28, 1986
TO: The File
FROM: Jack Bagley
SUBJECT: Residential Relocation Claim
Peter Lind Rukes
574.7 Central Avenue
Highway-65 & Central
3G
N. E.
Improvement Project
The subject displaced residential tenant is-filing a relocation claim
for payment of benefits in accordance with the provisions of the
Uniform Relocation Assistance and Real Properties Acquisition Policies
Act of 1970, and Minnesota Statute 117.52 which incorporates the
provisions of the Uniform Act effective on January 1, 1984.
The displaced tenant was provided with, and a receipt obtained for, a
HUD Brochure describing the relocation payments for residential
displacees, (See Exhibit C) in accordance with 42.9(c) and the
payments and assistance available to the displacee were explained in
detail by this consultant in a personal interview on January 6, 1986
and in accordance with the regulations (See Claim Appendix for 42.96
(b) & (c) .
The claimant is a tenant in occupancy for more than 90 days. They are
occupants in housing acquired by a State Agency for a project. As a
result of this acquisition the tenant becomes a Displaced Person
(described below in 42.49 (a) (1) & (2)) (See Relocation Claim
Appendix) who is eligible for certain relocation benefits in
accordance with the provisions of the Uniform Relocation Assistance
and Real Property Acquisition Policies Act of 1970 (42 U.S.C. 4601 et.
seq) effective September 26, 1979. These benefits are currently in
effect and are applicable for Minnesota Statute 117.52. The claimant
also meets the definition of a person described at 42.75. (See
Relocation Claim Appendix).
A Displaced Person is described in Paragraph 42.49. The claimant
qualifies as a displaced person because they have moved from the real
property as a result of the Housing and Redevelopment Authorities
(hereinafter HRA) of the City of Fridley, Minnesota offer to acquire
the building and their receipt by registered letter of a Notice of
Displacement. (See Exhibit B and C).
Notice of Displacement. If a person moves or moves his personal
property on or after the effective date of a notice of displacement
issued to him as described at 42.205 (a) or (b), he is considered to
have been displaced as a result of the State Agency's acquisition and
to be a displaced person under these regulations. (See Claim Appendix
for definition of 42.205. The claimant has a Notice of Displacement
sent on December 5, 1985. The effective date of the Notice is October
18, 1985.
JERAL -STATE RELOCATION CONSULTING SERVICE 299 No. Snellint Ave. St. Paul. Minn. SS104 4612) 645•;329 or 645.9171
-- A- • .. _ -- -- -
3H
As a displaced person the subject claimant became eligible for moving
and, related expenses as described in 42.301 (a) (b) and 42.351.
42.301 indicates that all displaced persons (defined at 42.49) are
eligible for moving and related expenses. They also become eligible,
if they choose, for a Fixed Payment described in Paragraph 42.351.
(See Claim Definitions for 42.301 and 42.351).
The Fixed Payment for Moving Expenses - Residential moves for those
eligible under 42.351 is described in 42.353 (See Claim Appendix).
Instead of incurring actual expenses for the move of personal property
the claimant elected to accept a fixed payment based upon a schedule
prepared by the Federal Highway Administration, (see appendix).
The Claimant has elected to file a relocation claim for a fixed
payment for moving expenses in accordance with 42.351. The schedule
allows a payment of $300.00 for 5 rooms which the claimant qualifies
for. This amount plus a dislocation allowance of $200.00 based on
42.353 (b), provides for a total Fixed Payment for Moving Expenses in
the amount of $500.00
Payment in the Amount of $500.00 is recommended.
Claim form. A executed copy of the prescribed claim form, HUD -4000,
Claim for Moving Costs and Related Expenses -- Families and
Individuals, is included in the claim.
The subject displaced tenant also meets the eligibility criteria
description 42.451 -
Replacement Housing Payments for tenants and certain others (See
Claim Appendix for Definition). 42.451 indicates that up to $4000.00
may be paid to a displaced tenant for rental assistance computed in
accordance with 42.453. (See Claim Appendix). One of the requirements
is prior to the initiation of negotiations the claimant must have
occupied the dwelling unit for a minimum of 90 days. The subject
displaced tenant meets this eligibility criteria. They have been in
occupancy since December of 1984, which is more than 90 days, they
received the Notice of Displacement which was effective October 18,
1985. Therefore they meet the criteria of 42.451.
Replacement Housing Payment for Rental Assistance described at 42.453
(see claim appendix for de inition) provides that a person who rents
the replacement dwelling and qualifies for a payment under 42.451 is
entitled to a payment not to exceed $4,000.00 for rental assistance.
It indicates that the payment shall be 48 times the amount, if any,
obtained by subtracting the base monthly housing cost for the acquired
dweling from the lesser of:
1. Monthly housing cost (Defined at 42.67 in claim appendix)
for a comparable replacement dwelling; or
2. The monthly housing cost for the decent, safe and sanitary
replacement dwelling actually occupied by the displaced
person.
:UERAL -STATE RELOCATION CONSULTING SERVICE 299 No. Snelling Ave. St. Paul. Minn. SS104 1612) 645•;329 or 645.9171
Replacement Dwellin
The claimant has chosen a
Baltimore Street N.E., Bla
with its owners. He will
inclusive of utilities.
displacee is based on #2
confirming rent payments).
3I
replacement dwelling located at 8835
ine, Minnesota. He will share the dwelling
pay rent of $285.00.00 per month which is
The replacement housing payment for this
above. (see Exhibit A- claiments letter
Replacement Housing Payment for Rental Assistance
Computation (See claim form for detail)
1. Monthly Housing Cost Replacement Dwelling
$ 285.00
2. Monthly Housing Cost for Acquired Unit
$ 200.00
3. Monthly Need (difference between #2 above)
$ 85.00
4. Amount on line 3 multiplied by 48 or
$4,000.00 whichever is less
$4,000.00
5. Amount of payment
$4,000.00
The above computation indicates a rental assistance payment is due the
displacee in the amount of $4,000.00.
Replacement Referrals were made to the subject displacee.
However, he
had made arrangements to relocate to his replacement choice prior to
my contact with him. It was therefore not necessary to persue the
referrals.
D.S.S. Inspection of the replacement location was done
January 10,
1986 and found to be acceptable. The inspection report
is contained
in Exhibit E.
j
t Income Verification
The claimant income has been verified by Minnesota Department of
Economic Security. The document contained in Exhibit G
substantiates
the information.
The claimant submitted as docume.ntation copies of checks and their
bank cancellations to further support his occupancy as a sub tenant
(see Exhibit C).
Included in Exhibit C is a copy of the communication between the
City of Fridley and the Relocation Consultant.. This documentation
contains the information obtained by the Relocation Consultant, at the
city's request, and to confirm the consultants recommendation to the
city.
Summary of Recommended Relocation Pavment
1. Fixed payment- moving expense $300.00
2. Dislocation Allowance 200.00
3. Total. Fixed Payment $500.00
4. Rental Adjustment Payment $4,000.00
Total Relocation Payment (sum of 3 & 4 above) $4,500.00
FEDERAL -STATE RELOCATION CONSULTING SERVICE 299 No. Snelling Ave. St. Paul. Minn. SS104 1612► 645.7329 or 645 -91'
3J
Payment in the amount of $4,500.00 is recommended. Authorization for
this payment is the Uniform Relocation and Real Properties Acquisition
Policies Act of 1970 and Minnesota Statute 117.52.
Prepared By:
6
Ja Bagley
Re cation Consultant
)ERAL - STATE RELOCATION COI`' -ING SERVICE 299 No. Snelling Ave. St. Paul. Minn. 55104 16121645•7329 or 645.9171
MEHO TO: NASIM OURESHI, CITY MANAGER
FROM: RICK PRIBYL, FINANCE DIRECTOR
REGARDING: COSTS ASSOCIATED WITH THE $0,600,000 CAPITAL APPRECIATION
BOND SOLD TO WOODBRIDGE PROPERTIES AND THE SUBSEQUENT 100 TWIN LANE,
PURCHASE.
THE FOLLOWING IS A REVIEW OF THE COSTS ASSOCIATED WITH THE SALE OF
THE CAPITAL APPRECIATION BONDS AND THE SUBSEQUENT PURCHASE OF THE
100 TWIN PROPERTY BY THE FRIDLEY HRA. IN REVIEWING THESE COSTS ONE
MUST REMEMBER THAT TWO ACTIVITIES HAVE TAKEN PLACE IN ONE APPARENT
TRANSACTION.
THESE COSTS ARE A SUMMARY FROM THE STATEMENT OF CLOSING AND FURTHER
INFORMATION CAN BE DRAWN FROM THAT DOCUMENT. THE LETTER FROM
DAVID P. NEWMAN IS ALSO ATTACHED THAT FURTHER CLARIFIES THE
COMPONENTS ON THE TRANSACTIONS.
BOND PROCEEDS
EXPENSES:
1. MILLER & SCHROEDER FINANCILS, INC. -THIS COST
REPRESENTS THE CHARGE FOR FISCAL CONSULTANT
2. O.CONNOR & HANNON- --THIS COST REPRESENTED
THE COST FOR BOND COUNSEL.
-. HERRICK & NEWMAN -THIS REPRESENTS A TRUST SET UP FOR
COST5 INCURRED BY WOODBRIDGE BUT NOT PAID AT
T I HE OF CLOSING (PER AGREEMENT).
4. BENSON, MALKERSON, BRADBURY -THIS IS THE LISTING
SERVICE FOR THE SALE OF THE LAND.
. LAKE POINTE INVESTMENT CO.- -LAND ACQUISITION COSTS
6. LAKE POINTE INVESTMENT CO.- REIMBURSEMENT OF
EARNEST MONEY PUT ON 100 -TWIN PROPERTY BY
WOODBRIDGE.
4
S5,600,000.00
--------------- PERCENTAGE
OF TOTAL
S84,056.34 0.015010
$17,750.00 0.003169
122,500.00 0.60401�
$110,000.00 0.019642
30416.06 0. t I( 54 1
*73,940.00 0. 01320:_;
7. LAKE POINTE INVESTMENT CO.- REIMBURSEMENT OF
SPECIAL ASSESSMENTS PAID BY WOODBRIDGE. $1,016.65 0.000270
COST AND SERVICES FOR BOND ISSUE AND LAND PURCHASE S340,179.0S 0.060746
S. TITLE_ INSURANCE CO. -THIS IS THE COST OF THE LAND. *5,035,922.66 0.899271
BALANCE PAID TO FRIDLEY HOUSING AND REDEVELOPMENT
AUTHORITY.
REIMBURSEMENT FOR WOODBRIDGE EXPENSES
REIMBURSEMENT FROM TITLE CO.
TOTAL HRA PROCEEDS
S2 23 .898.26
$468.22
$3,862. 60
--------- - - - - --
$228,229.28
4A
0.039981
1
MEMO TO: NASIM OURESHI, CITY MANAGER
MEMO FROM: RICK PRIBYL, FINANCE DIRECTOR
REGARDING: COSTS ASSOCIATED WITH THE $11,5509000 VARIABLE RATE
GENERAL OBLIGATION TAX INCREMENT BOND ISSUE.
THE FOLLOWING IS A EXPALANATION OF THE COSTS ASSOCIATED WITH
THE ISSUANCE OF THE $11,550,000 VARIABLE RATE DEMAND GENERAL
OBLIGATION TAX INCREMENT BOND.
BOND PROCEEDS
EXPENSES OF ISSUANCE
1. NATIONAL AUSTRALIA BANK LIMITED
ESTABLISHMENT FEE -THIS COST RELATES
TO THE SET UP OF THE LINE OF CREDIT
NEEDED FOR THE BONDS.
FACILITY FEE -THIS IS THE SAME AS
THE LIQUIDITY FEE FOR BACKING ANY
BONDS THAT ARE PUT AND DIFFICULT TO
REMARKET. THIS IS AN ANNUAL FEE
THAT IS USUALLY AROUND 39 BASIS
POINTS OF THE OUTSTANDING PRINCIPAL.
FOREIGN COUNSEL FEE -THIS IS A ONE
TIME FEE THAT THE BANE; CHARGES FOR
ITS LEGAL COUNSEL TO REVEIW THE
FINAL BOND DOCUMENTS.
OTHER COSTS -THESE ARE OTHER
MISCELLANEOUS COSTS SUCH AS
COURIER, PUBLISHING AND OTHER COSTS.
2. KUTAK ROCK & CAMPBELL -THEY ARE THE
DOMESTIC BOND COUNSEL FOR THE BANK OF
AUSTRALIA.
3. O'CONNOR & HANNON
BOND COUNCIL COSTS
MISC. COSTS
4. HOLMES & GRAVEN - UNDERWRITERS COUNCIL
5. FIRST NATIONAL BANK OF ST. PAUL -SET UP FEE FOR
BOND DOCUMENTS. THIS IS A ONE TIME FEE AND
$11,550,000.00
--------- - - - - --
I
PERCENTAGI
OF TOTAL
$14,813.27 0.001282
$45,057.03 0.003901
*852.50 0. o00073
$344.5o 0.000029
$26,775.00 0.002318
$259000.00 0.002164
*1,500.00 0.000129
$2,000.00 0.000173
$14,437.50 0.00125
USUALLY IS AROUND 13 BASIS POINTS.
6. FIRST TRUST OF ST. PAUL -THIS IS THE TRUSTEE FEE.
THIS WAS A BID PRICE AND LOWEST BIDDER WAS ACCEPTE
7. J. HENRY SCHROEDER BANK & TRUST COMPANY -THIS
IS THE TRUSTEES NEW YORK; TENDER AGENT, SINCE ALL
BOND ACTIVITY MUST FLOW THROUGH A NEW BANK. THIS
IS AN ANNUAL FLAT FEE.
B. FITCH INVESTORS SERVICE, INC. -THIS IS FOR THE
TEMPORARY RATING FEE FOR THE BONDS. THE BONDS WILL
BE PERMENTLY RATED BY MOODYS SOMETIME IN MARCH.
9. AMERICAN FINANCIAL PRINTING -THIS WAS FOR THE BOND
PRINTING COSTS.
4C
$6,666.25 0.000577
$39000.00 0.000259
$1,000.00 0.000086
$19045.00 0.000090
10. MILLER & SCHROEDER FINANCIAL, INC. -THIS IS THE
DISCOUNT ON THE BONDS FOR THE UNDER WRITING SERVICE.
THE DISCOUNT IN THE MARKET PLACE IS 1% ON VARIABLE $115,500.00 0.01
RATE BONDS. --------- - - - - -- --- - - - - --
$257,991.05 0.022336
TOTAL COST OF ISSUANCE --------- - - - - -- --- - - - - --
$11,292,008.95
NET PROCEEDS
THE NET PROCEEDS AT THIS TIME ARE BEING HELD IN TRUST BY
MANUFACTURERS HANOVER UNTIL A PERMANENT BOND RATING IS RENDERED BY
MOODY'S RATING SERVICE. A TEMPORARY RATING WAS DONE BY FITCH
INVESTORS SERVICE TO FACILITATE THE ISSUANCE OF THE BONDS BEFORE
YEAR END. MOODYS WAS BACKLOGGED 4 MONTHS BECAUSE OF ALL THE BONDS
GOING OUT BEFORE YEAR -END.
THE COSTS SHOWN ABOVE WERE COMPARED WITH OTHER VENDORS IN THE
MARF;:ETPLACE AND WERE COMPARABLE. THE CORPORATE SECTOR HAD TO BE
USED FOR THE COMPARISON SINCE VERY FEW VARIABLE RATE BONDS HAVE BEEN
ISSUED IN THE GOVERNMENTAL SECTOR. THE CITY OF FRIDLEY IS ONE OF
THE FEW CITIES THAT CAN ENJOY THE BENEFITS OF THE LOWER INTEREST
RATES WITH THIS TYPE OF BOND.
IF WE HAD CHOSEN TO SELL THESE BONDS IN THE FORM OF FIXED RATE
GENERAL OBLIGATION BONDS THE UNDERWRITING COSTS ALONE WOULD HAVE
AVERAGED SOMEWHERE AROUND 2.5 TO 2.75 PERCENT PLUS THE OTHER
MISCELLANEOUS COSTS.
WE HAVE SAVED MONEY ON BOTH THE ISSUANCE COSTS AND THE DEBT SERVICE
COST OF THE ISSUE.
ATTACHED YOU WILL FIND THE ACTUAL INVOICES THAT WE RECIEVED FOR THE
ABOVE EXPENSES.
National Australia Bank
Nanona: Ausn&La I:OC Dw .:nd Sharrrcck Toxe: Te:ephnt ;2:4' 154 7: i,
hank Lmted 717 Nc nh Harwaod Svee• Fay: r.: c (214; 754 0.:1
Da'.las Texas 7SWI Telex 3:676:7
December 30, 1985
First Trust Company, Inc.
First National Bank Building
332 Minnesota Street
St. Paul, MN 55101
as Trustee under the Indenture
of Trust dated as of December 1, 1985
with City of Fridley, Minnesota
Attention: Corporate Trust Department
$3,100,000
City of Fridley, Minnesota
Variable Rate Demand
General Obligation Improvement Bonds
Series 1985
INVOICE
4D
Dallis Repmentative omm
Establishment Fee $ 3,985.94
Facility Fee 12,123.90
Foreign Counsel Fees 852.50
Costs and Expenses 92.64
Total $ 17,054.98
$11,550,000
City of Fridley, Minnesota
Variable Rate Demand
General Obligation Tax Increment Bonds
Series 1985
INVOICE
Establishment Fee $ 14,813.27
Facility Fee 45,057.03
Foreign Counsel Fees 852.50
Costs and Expenses 344.50
Total s 61,067.30
Grand Total 78,122.28
Wire Transfer To
Citibank, N.A.
111 Wall Street
New York, New York 10043
A/C National Australia Bank
#36049009
Attn: Credit Administration
cc: T. E. Barrett
4E
KUTAK ROCK 6 CAMPBELL
A PAwTNtwswl•
MICLUDING PAOrESSIONAL CORPORAT IONS
THE OMAHA BUILDING
1650 FARNAM STREET
OMAHA, NEBRASKA 66102
(+02) 346 -6000
December 30, 1985
First Trust Company, Inc.
as Trustee
First National Bank Building
332 Minnesota Street
St. Paul, MN 55101
$11,500,000
City of Fridley, Minnesota
Variable Rate Demand
General Obligation Tax Increment Bonds
Series 1985
Legal fees incurred as counsel to
National Australia Bank Limited in
connection with preparation, review
and revision of Letter of Credit
No.CLC19, Reimbursenen*_ Agreement,
Custody, Pledge and Security Agreement
and Enforceability Opinion for the
above - captioned financing; attendance
at pre - closing and closing in
Minneapolis, Minnesota on December 28,
29 and 30, 1985; numerous telephone
conferences and correspondence
relating to the above; and
disbursements incurred therein- X26.775.00
4F
IN ACCOUNT WiTN
O'CONNOR 6 HANNAN
ATTORNEYS AT LAW
3000 I D S TOWER
00 SOUT" EIGMTM STREET
MINNEAPOLIS, MINNESOTA 55402
i
City of Fridley
6431 University Avenue N.E.
Fridley, MN 55432
Re: $11,500,000 Variable Rate Demand General
Obligation Tax Increment Bonds, Series 1985,
of the City of Fridley, Minnesota
FOR ALL LEGAL SERVICES rendered in connection with
the issuance and sale of the above - mentioned Bonds,
including consultations with City Officials and the
financial advisor to the City with respect to the Bonds,
preparation of Trust Indenture, Tender Agent Agreement,
Bond Resolution, and the closing documents for the Bonds,
review of and consultations with attorneys for the Bank
on the Letter of Credit, the Reimbursement Agreement, and
the Custody, Pledge and Security Agreement, preparation of
forms of the Bonds, coordination of the execution of
the various agreements and certificates, attendance at
City Council meetings, assembly and review of the
transcript for the Bonds, scheduling and the coordination
of the closing on the Bonds, and issuance of approving legal
opinion as bond counsel thereon.
FEES $25,000.00
DISBURSEMENTS 11500.00
TOTAL AMOUNT DUE $26,500.00
4G
Hoi.%IES & GRAVEN
4tiornel. at Law ( HARI I RI 1)
1 lll! S HI'I \II
4"11 P.:Ltun Center. \11nneJro— %I.rnc,.,zJ «311_
1) l \II 1 R \ I ! l I\
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el: =� -II
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INI \1+f117M C�Ifrn I InJ n. tJ: (- cnler. H:11 +1rn, ^.e!. +r. \1�nni. + +:J 14t1
1 11 R l A \111:1 1 1
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December 30, 1985
51111\ I II1 II l \11
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IVnill) I \i \K\
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i I R11 •\ S14 +IRI
City of Fridley
6431 University Avenue NE
Fridley, Minnesota 55432
For professional services re: City of Fridley, Anoka County, Minnesota
$3,100,000 Variable Rate Demand General
Obligation Improvement Bonds, Series 1985 and
;11,550,000 Variable Rate Demand General
Obligation Tax Increment Bonds, Series 1985
File No.: ML 140 -238
Invoice No. 851274
Please make check payable to Holmes do Graven, Chartered
For professional legal services rendered in
connection with City of Fridley, Anoka County,
:Minnesota $3,100,000 Variable Rate Demand
General Obligation Improvement Bonds, Series 1985
and $11,550,000 Variable Rate Demand General
Obligation Tax Increment Bonds, Series 1985,
including: review of law; preparation of Official
Statement, Bond Purchase and Remarketing
Agreement; conferences, correspondence and
telephone conversations with the various parties
involved in connection therewith, and attendance at
closing.
Underwriter's Counsel Fee . . . . . . . . . . . . $ 3,500.00
DISBURSEMENTS: . . . . . . . . . . . . . . . . . . .00
TOTAL AMOUNT NOW DUE AND OWING . . . . . . . . . . . . . . $ 3,500-00
1 +H
FIRS' BANK SA:` 7 PAL'S
HE F::::3 NA 7: -NAB PANK Or SA!\.'- MAUL
:?: r_n- _�= S__ eet
°a_nt F'3:::. t:_..... :_:-:
CITY OF
FR
I :'LEY . ?!Z `54
27- Dec -85
Return duplicate -pv01 cP
with iemitt3ric to t':s :-
attention of:
A. G. Vacstad, V. P.
Investment Department
-------------------------------------------------------------------------
Petcrint : cr. Amount
SET UP FEE ON 53,100,000 VARIABLE RATE DEMAND G 0 IMPROVEMENT BONDS
AND 511,550,000 VARIABLE PATE DEMAND G O TAX INCREMENT BONDS
AM,:1UKT $3.100,000
FEr- 0.1250%
AM --L'AT S11 .550, 000
FEE 0.1250%
93,875.00
014,437.50
TOTAL 918,312.50
41�First Trust Saint Paul
Membe, cost Bank System
First Trust Company of Saint Paul
First National Bank Building
Saint Paul. Minnesota 55101
To City of Fridley
Attn: City Manager
City Hall
6431 University Avenue NE
Fridley, MN 55432
FTC 77 (R. »e.�
4I
Name of Account Fridley Var Rate
Tax Incr Bds Ser 1985
No 833130
Date._ December 27 19_ 85
Initial Fee includes examination and
approval by the Trustee of the Indenture;
all supporting documents; delivery of
Indenture; delivery of bonds and setting
up required.records
First $1,000,000
Next $4,000,000 @ $800 /million
Next $5,000,000 @ $400 /million
Next $1,550,000 @ $300 /million
Registration and authentication of
certificates
1 certificate issued @ $1.25 each
TOTAL AMOUNT DUE
$1,000.00
3,200.00
2,000.00
465.00
1.25
$6,666.25
F/TCH
INVESTORS SER%10E, INC.
S HANOVER SQUARE 0 NEW YORK, N.Y. 10004 212/6684300
r Mr. James Casserly —�
Vice President
Miller t Schroeder Financial Inc.
7900 Xerxes Avenue South
Minneapolis, Minnesota 55431
Federal IRS Corporate
Tax No 13- 2575355
January 6, 19%
4J
L J 8s 138
For Research and Analysis to provide a
FITCH Quality Rating for:
CITY OF FRIDLEY, MINNESOTA ---
$3,100,000 Variable Rate Denand General Obllgation Improvemnt Bonds Series 1985
$11,550,0'00 Variable Rate De -sand General Obligation Tax Increrient Bonds Series 1985
$2,000.00
Rated: "AA" (provisional)
Please remit in U.S. Funds Please return pink duplicate copy with check.
651 Taft Street NoMeast Invoice No.: 51205
NMnneapolis, Minnesota 55413
(612) 378 -0711 4 K Adlc_�
AMERICAN FINANCIAL PRINTING
INCORPORATED
F 7
CITY OF FRIDLEY InvoiceDate:,DECEMBER 30, 1985
C/O MILLER & SCHROEDER FINANCIAL, INC. P.O. Number.
2400 NORTHWESTERN FINANCIAL CENTER Salesperson:
7900 XERXES AVENUE SOUTH
BLOOMINGTON, MN 55431 TERMS: NET 30 DAYS — 1it'd PER WWTH
SERVICE CHARGE APPUES THEREAFTER
A T T N: PHYLLIS S L A T T E R Y _j its% ANNUAL INTEREST RATE
Re: CITY OF FRIDLEY VARIABLE RATE DEMAND GENERAL OBLIGATION TAX INCREMENT
BOND, SERIES 1985
TYPESET, PRINT AND NUMBER 2772 BONDS PLUS SPECIMENS.
Subtotal ........................... $10045,00
MN 6% Sales Tax ...................
PostageiShipping Costs Advanced .....
Sales Tax Exempt No.: GOVERNMENT SUBDIVISION Invoice Total ........................ $1. 0 4 5 _ On
REMIT TO: 651 Taft Stnset Northeast Minneapolis, Minnesota 55413
T.dl Frec \tmnevw.t (N.\`)
i 1 .
Toll Frl•e lather Stmt, (•, \`1 t...rt::
Miller & Schroeder Financial, Inc.
Notilme,tern Ftn.rn: i.tl Center • 71)X' Xerxe, Awnur Knuth • P0. Rai 7!-1- \tinnral-,4h•. \ltnnea,t.t ii; ll Irl:l S ;l - IiN
December 27, 1985
City of Fridley
6431 University Avenue NE
Fridley, MN 55432
Attn: Mr. Nasim M. Qureshi
City of Fridley, Minnesota $3,100,000 General Obligation
Improvement Variable Rate Demand Bonds, Series 1985
Discount for Bond Issue: $31,000.00
City of Fridley, Minnesota 511.5 )0,000 General Obligation
Tax Increment Variable Rate Demand Bonds. Series 1085
Discount for Bond Issue: !115,000.00
(J.R. Casserly)
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22, 1986
CERTIFIED MAIL '
Fridley Plaza Office Building Partnership
W.G. Doty
Fridley Plaza office Bldg.
6401 University Avenue !northeast
Fridley, Minn-=iota 55432
Fridley Plaza Office Building Partnership
Mark Haggerty
c/o Smith, Juster,Feikema, Malmon
& Haskvitz, Chtd.
1000 IDS Center
80 South 8th Street
Minneapolis, Minnesota 55402
RE: The North 100' of South 259' of North 1,507.5.'
of hest one half of hest one half of East
one half of Southwest one quarter of
Section 14 -30 -24 being a part of Lots 2 and 3
of Auditors Subdivision #59 except part
taken as road.
Gentlemen:
Enclosed for your reference you will find a Schedule G,
LETTER OF AGREEMENT executed between the Fridley Housing and
Redevelopment Authority and Fridley Plaza Office Building
Partnership on September 28, 1982. The Schedule is part of
the Contract for private redevelopment between the two par-
ties on the same date.
Pursuant to paragraph 3 of this agreement you are hereby
informed that at their January 9, 1986 meeting the Fridley
Housing and Redevelopment Authority Agency elected not to
exercise this option for the above described property.
Consequently, pursuant to the Agreement with the partnership
you are obligated to pay to the HRA on February 1, 1986 the
sum of $123,976.00. This sum was derived at by applying 10%
per annum interest up and through February 1, 1986 to the
principal amount owed of $90,000.00.
During the meeting of the HRA the Commission discussed
their desire to have this amount promptly paid. Further the
HRA instructed our office to immediately commence litigation
If this sum is not paid in a timely fashion. This is not
meant as a threat but I think you should be aware that we
have been instructed to so proceed.
W.G. Doty
Mark Haggerty
January 22, 1966
page Two
Payment should be made payable to the Fridley Housing
and Redevelopment Authority and forwarded to our office. I
will then prepare and obtain signatures on a Quit Claim Deed
releasing any interest the BRA may have in this property.
Sincerely yours,
David P. Newman
DPN:JEB
Enclosures
cc: Nasim M. Qureshi,
Executive Director BRA
t
C . 1 .. C.
L�. I AILYAN
y .!RISE sc• kC• -I-I•
HERRICK & NEWMAN. P.A.
♦TTD.METS AT LAN,
January 22, 1986
I... w I•nc e Co:-.mer s, Cha i rman
FTidICy Housing and Redeyclopment Authority
64131 l•ni%-crsity Avenue, N.E.
55432
is 11i sc ll•!-ure
6219 Vkl \I US T• •%I •..'I w I
F RIDLEY MI%-. E S^.T A S 5-432
571.3850
At the 7anuary 9, 1986 ncetinp of the lridlr% liousin}- and
Kvdevelop -cnt Authority you r..ade an inquiry on the above
matter. Enclosed you will find a copy of the rleno which
I .repared on the subject on August 6, 1985. Althouhh I
wt., unable to attend the August r.ecting, I was under the
3�.,u -.p tien that this ncr:o had been provided to you at the
ti *e.
I trust that this r..cmo is self ex;lanatory and addresses
c;uILstions which you raised at the most recent meeting.
incer ly yours,
�,� is .� -man
It
Tull Free Minnesota (800) 862 -6002
Toll Free Other States (800) 318 - 6121,
Inc.
Northweswm Financial Center - 7900 Xerxes Avenue South - P.O Q, Box 789 - Minneapolis, Minnesota 55431 (612) 831 -1500 MX
To: City of Fridley
Rick Pribyl, Finance Director
Nasim Qureshi, Manager
From: Miller & Schroeder
James R. Casserly
Re: Analysis for Conversion of Variable Rate Bonds to Fixed
Rate Bonds
Date: January 30, 1986
The City should convert its variable rate bonds to fixed rate
bonds under the following circumstances:
A. When the City's long term bond rate is less than 40-45
basis points above the variable rate.
B. When the long term bond rate exceeds 9.5% and appears
to be rising.
The City's long term bond rate in January of 1986 would be
approximately 8%. The variable bond rate as of January 29, 1986
is 6%. Under an investment agreement with Manufacturer's
Hanover, the investment rate is currently 7.41x. At today's
variable bond rate there is a positive arbitrage after payment of
expenses of approximately 90 basis points.
Both bond issues can tolerate a rate in excess of 9.5% so there
is a considerable margin of safety. We used a 6.5% net interest
cost for our projections because of the experience of the
previous years' market. This rate includes approximately 51
basis points in expense for liquidity and remarketing. These
two costs would be extinguished upon conversion to a fixed rate
issue.
The variable bond rate is presently uncharacteristically high
because of the enormous influx of tax exempt variable rate paper
at the end of 1985. The market is currently correcting itself
having dropped 275 basis points in 30 days. We anticipate a
continuing downward trend through the spring of •1986 with rates
declining to under 5%. Assuming a constant investment rate, the
spread after expenses should be in excess 200 basis points by May
1, 1986. With a better investment rate the arbitrage potential
is even greater. We are continuously anaylzing the City's
position in the marketplace and will be in constant consultation
with you.
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cw,�
101RECTORATE
UL OF
PUBLIC WORKS
CITYOF MEMORANDUM
f N DLEY
TO: Kasim Qureshi,LCity Manager
FROM: John G. Flora; Public Works Director
SUBJECT: 100 Twin Intersection Design
DATE: February 5, 1986
PW 86 -2 8
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t' q '
t
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oho
��
On March 14, 1985 by Resolution 5 -1965, the HRA retained SEH to design the
Intersection of West Moore Lake Drive and Highway 65 by the 100 Twin.
Drive -In. That Agreement was for a figure not to exceed $30,750.00
Since that time, Woodbridge Development, Inc. has submitted plans to
develop the Drive -In site with a total of nine office -type buildings. This
plan has identified a major use of the land and resulted in obtaining an
Environmental Source permit. The permit application has defined a
requirement to not only improve the intersection of West Moore Lake Drive
but also widen Highway 65 and improve Rice Creek Road between Old Central
and Highway 65. The permit application has been prepared by Barton - Ashman
Associates and Benshoof and Associates.
The permit review by SEH has been required to revalidate their original
data and incorporate the revised information into the intersection plans.
This action plus the increased scope caused by the Woodbridge Development
has resulted in unforeseen costs by SEH. The attached letter is a
preliminary notice that they will be submitting a request for amendment of
the original agreement.
As mentioned above, the permit application defines a need to widen Highway
65 by two additional lines in each direction resulting in encroachment into
the {lest Basin of Moore Lake and possible additional ROW from the Johnson
property. In addition, the permit calls for the rerouting of traffic off
of Old Central utilizing Rice Creek Road as the main traffic route between
Old Central and Highway 65 plus alignment improvement and possible signal
change at Highway 65.
I will submit the SEH change request upon request.
JGF /ts
Attachment
January 31, 1986 RE: FRIDLEY, MINNESOTA
WEST MOORE LAKE DRIVE
AND HIGHWAY 65
TRAFFIC STUDY b DESIGN
SEH FILE NO. 84142
John G. Flora
Public Works Director
City of Fridley
6431 University Avenue N.E.
Fridley, MN 55432
Dear Mr. Flora:
As you are aware, we have been holding back designing the
roadways west of Highway. 65 in vicinity of West Moore Lake Drive
pending final determination of the type of development taking
place on the drive -in theater site. Once the final alignments
anti roadway widths have been selected, we will proceed with our
design. Our design on the east side of Highway 65 is close to
completion.
We recently have spent a considerable amount of time and effort
in a review of traffic volumes and operations relative to the
proposed development by Woodbridge Properties. Much of the work
has been in relation to traffic projections and concept designs
by their traffic engineer. This included meetings,
calculations, and analyses.
In our original study of the development for the drive -in
theater site, we utilized three different levels of intensity of
development. Our final recommendations were based on a moderate
to high intense use which would require some modifications to
the intersection of Highway 65 and West Moore Lake Drive. A
heavier generation of traffic than this anticipated would
require significant additional reconstruction of Highway 65.
The proposal from Woodbridge Properties will generate this
higher level of traffic which will force improvements
signficantly beyond those recommended in our original report.
200 GOPHER BUILDI%G•222 EAST LITTLE CA%ADA ROAD•ST. PAUL, MI♦ %ESOTA 551170PHO%E 16121 484 -02 72
SHORT- ELLIOTT- HENDRICKSON, INC.
--
•�
EC
CONSULTING ENGINEERS
57 PALI ��.��EK1T� • (HIPPE\\AIALL-
January 31, 1986 RE: FRIDLEY, MINNESOTA
WEST MOORE LAKE DRIVE
AND HIGHWAY 65
TRAFFIC STUDY b DESIGN
SEH FILE NO. 84142
John G. Flora
Public Works Director
City of Fridley
6431 University Avenue N.E.
Fridley, MN 55432
Dear Mr. Flora:
As you are aware, we have been holding back designing the
roadways west of Highway. 65 in vicinity of West Moore Lake Drive
pending final determination of the type of development taking
place on the drive -in theater site. Once the final alignments
anti roadway widths have been selected, we will proceed with our
design. Our design on the east side of Highway 65 is close to
completion.
We recently have spent a considerable amount of time and effort
in a review of traffic volumes and operations relative to the
proposed development by Woodbridge Properties. Much of the work
has been in relation to traffic projections and concept designs
by their traffic engineer. This included meetings,
calculations, and analyses.
In our original study of the development for the drive -in
theater site, we utilized three different levels of intensity of
development. Our final recommendations were based on a moderate
to high intense use which would require some modifications to
the intersection of Highway 65 and West Moore Lake Drive. A
heavier generation of traffic than this anticipated would
require significant additional reconstruction of Highway 65.
The proposal from Woodbridge Properties will generate this
higher level of traffic which will force improvements
signficantly beyond those recommended in our original report.
200 GOPHER BUILDI%G•222 EAST LITTLE CA%ADA ROAD•ST. PAUL, MI♦ %ESOTA 551170PHO%E 16121 484 -02 72
John G. Flora
January 31, 1986
Page 2
r
Our original contract for the traffic study was for the drive -in
theater site. After the contract was signed, the city, requested
that we also study the area east of Trunk Highway 65 in the
vicinity of Polk Street and Lynde Drive. This was done at no
increase in cost of contract, even though we put a considerable
amount of effort into it.
The contract was amended to provide for the design of Central
Avenue and of West Moore Lake Drive. We are now again providing
significant extra efforts beyond that specified in the contract.
we feel it necessary to assist the city and are pleased to do
SO.
Our concern is that the amount of work we are providing is
signicantly beyond that for which we are being compensated under
the terms of the contract. We have a very sincere interest in
making certain that the proposed development does not create
problems and that the improvements proposed will operate satis-
factorily. We would like to continue to provide these extra
services for the city but feel that they must be considered as
extra work for which we will receive extra compensation. The
scope of the additional work is difficult to determine, penlin3
the final determination of traffic generation by the developer.
We are hopeful, however, that you will authorize us to continue
to provide the services considered as additional work.
If you need any additional information regarding the work done
to date or the work anticipated, we would be pleased to meet
with you and the developer.
Sincerely,
Glen Van Wormer
Chief Transportation Engineer.
jcj
HORSEY & WHITNEY
A Pane@ -sP,.c ,nc,jo-no A s4wwl cao"flons
2200 FIRST SANK PLACE EAST
MINNEAPOLIS. MINNESOTA 66402
TEL. 612; 340 -2600
(INTERNAL REVENUE ACCOUNT NO. 41 -0223337)
STATEMENT OF ACCOUNT
Client: 296493
Woodbridge Properties, Inc.
320 Woodbridge Plaza
10201 Wayzata Blvd
Minnetonka, MN 55343
Page 2
September 308 1985
Invoice No. 96052
08/30/85-B. Burton Telephone conference with 2.25
Cynthia Whiteford; Telephone
conference with Susan J.
Norstrom; revise Agreement;
telephone conference with Dave
Weir; Sue Norstrom and Nelson.
Total Hours 8.75
Total For Services
Total This Statement
$1,356.25
$1,356.25
1/
Ila%mrot due within 10 da%t of receipt of rtat•mvnl.
Dim nmemeeit- made- for %awr amount. uK which bill hasp• not %rt 6-en rece -4i•d w ill appear uo a later ttat•memt.
/ IN ACCOUNT WITH
APR 1 1 S85 HORSEY & WHITNEY April 8 19 85
A ft"WSAO InChfO AV PM695W»I COWOOOdOM
2200 FIRST BANK PLACE EAST
MINNEAPOLIS. MINNESOTA 35402
(INTERNAL REVENUE ACCOUN't NO. 41. 02233371
Woodbridge Properties, Inc.
320 Woodbridge Plaza
10201 Wayzata Boulevard
Minnetonka, Minnesota 55343
IN RE: 1985 Project A (Fridley) 296493/40 /
To legal services rendered from .- February 1, 1985 Amount
through February 28, 1985
Including telephone conferences with Susan J. Norstrom
and David R. Weir; review of proposal; drafting of and
revisions to Listing Agreement; platwork; further
revisions to Brokerage Agreement; review of IRS Section
1443A re proposed non - foreign tax affidavit for use
with land acquisitions; telephone conference with David
R. Weir to review Listing Agreement.
_qN
TOTAL LEGAL SERVICES RENDERED: il7o T" ' $825.00
- t iOp . floro
�s -. -UP
MJR /kr
Payment due within 10 days of receipt of statement.
Disbursements made for your account, for which bills have not yet been received.will appear on a later statement.
IN ACCOUNT WITH
nORSEY & WHITNEY
&Zoo FIRST DANK PLACE EAST
MINNEAPOLIS. MINNESOTA S5402
(INTERNAL REVENUE ACCQ
Woodbridge Properties, Inc.
320 Woodbridge Plaza
10201 Wayzata Boulevard
Minnetonka, Minnesota 55343
IN RE: 1965 Pr
For legal services Tendered from" March 1, 1985
through March 29, 3.985
May 16 85
19.E
Including telephone conferences with Susan J.
Norstrom, Johnson; review Of purchas
David R. Weir and Normah o
David Weir, R. W r, J ff Johnson,
Agreement; conference with
Jim Benson, and Susan J. Norstrom; revisions to Purchase
hone conference with Jeff Johns;
Agreement; telephone negotiations; telephone
corrspondence; Purchase Ag letter to Susan J.
conference with Sheri Wlanguage for soil test; revise
Norstrom; draft indemnity
contract language for soil tests; title matters; review
letter of credit agreement.
TOTAL LEGAL SERVICES RENDERED:
PLUS DISBURSEMENTS PER ATTACHED:
BALANCE DUE ON ACCOUNT:
MJR /kr
Amount
$1,550.00
140.54
$1,690.54
payment due within 10 days of receipt of statement. r on a later statement.
Disbursements made for your account, for which bills have not yet been received will appea
ICI
payment due within 10 days of receipt of statement. r on a later statement.
Disbursements made for your account, for which bills have not yet been received will appea
r
IN ACCOUNT WITH
JUL 11985
HORSEY & WHITNEY June 28 .19 85
A PbnA n7A fmhong Proftaeml Conwo6ons
2200 FIRST SANK PLACE EAST
MINNEAPOLIS. MINNESOTA 53402
(INTERNAL REVENUE ACCOUNT NO. 41. 0223337)
Woodbridge Properties, Inc.
320 Woodbridge Plaza
10201 Wayzata Boulevard
Minnetonka, Minnesota 55343
IN RE: 1985 Project A (Fridley) 296493/40
To legal services rendered from April 1, 1985 Amount
through May 16, 1985"-
9 8 5 "
Including telephone conferences, conferences and corres-
pondence with Susan J. Norstrom, James Benson, Jeffrey
Johnson, David R. Weir, Eric W. Nesset, and Bill Rogers;
preparation of and revisions to Memorandum of Purchase
Agreement; Quit Claim Deed, and Exhibits; letters on
title and survey matters to Sellers' counsel; work on
survey and easement matters; review of Suburban
Engineering survey; and architectural contract matters.
TOTAL LEGAL SERVICES RENDERED: $875.00
MJR /kr
10 o -n.: —
E Ap I Oct) - 0 ()J- 1,+31
I'1..vd:.l
S �� —AS
A ff.v.F ?7
Payment due within 10 days of receipt of statement.
Disbursements made for your account, for which bills have not yet been received will appear on a later statement.
DORSEY & WHITNEY August 1 , 19 85
A AKn~,P MChUWAO Preb -WW 0-0"b"
2200 FIRST BANK PLACE EAST
MINNEAPOLIS. MINNESOTA $3402
(INTERNAL REVENUE ACCOUNT No. 41. 0223337) %•
Woodbridge Properties, Inc.
320 Woodbridge Plaza
10201 Wayzata Boulevard
Minnetonka, Minnesota 55343
IN RE: Fridley - 533 (296493/40)
For legal services rendered from March 1, 1985
through March 29, 19 8 5
Amount
Including telephone conference with Susan J.
Norstrom; review alternate Purchase Agreement S 155.00
THIS STATEMENT CANCELS AND REPLACES STATEMENT #203792 DATED MAY 16,
1985
MJR:klq '
too
...:.+ -�T S
Sav 6,
K'. E -
p� �•Q` J6
Payment due within 10 days of receipt of statement.
Disbursements made for your account, for which bills have not yet been received,will appear on a later statement.
c
. .c . c ..1 YG c•
.4..1SC sc..tc•ot-in
HERRICK & NEVVN:AN. P.A.
♦TTOtt NEts AT l•N
January 22, 1986
l.::wrence Comr..ers, Chairman
Fridley NLtusing and Redevelopment Authority
6 -31 1'niv,-rsity Avenue. K.E.
1. alley, M`: 55'3=
i'ut�l is Piscl( surc
:tar `:r. Ct:..TCrs:
err UN1 %t •S.TI •%I N,'E N E
FRIDLEY #Al%%E SOTA 5S432
571 -3850
At the 1anuary 9, 1956 r..c-eting of the i-ridlt -y i:ousin� and
Rt• development Authority you r..ade an inquiry on the above
—titter. Enclosed you will find a copy of the memo which
I .repared on the subject on August 6, 1985. Although I
waL unable to attend the August r.eeting, I was under the
ar.su -ptien that this memo had been provided to you at tho
t ime.
1 trust that this r..cmo is self.ex;lar.atory and addresses
tht: t{ucstions which you raised at the most recent meeting.
:....'K s
incer�ly yours,
1 1
,;Tan
It
W
HERRICK 81 NEV04AN, P.A.
A\tC.aL.i Al LAW.
C3
C279 VM-I 0%11• A%t -I-# w f
rRIDLEY. W,%'.I S01 •.0
S7t -399
♦...1st fC «rlC••l .lw
August 6, 1985
Lawrence i and Redevelopment Fridley Housing Redevelopment Authority
ng
6431 University Ave ne N.E.
Fridley, MN 55432
RE: public Discicsure
Dear Mr. Co:%-ners:
on the July 11, 1985 meeting of the Fridley Housing
and Redevelopment Authority you instructed me to research
the application.of the City Public Disclosure Ordinance to
the Fridley•Housing and Redevelopment Authority. are con -
requirements which I believe Y
tained in chapter 5 of the city code which is entitled
ETHICS.
Section 5.02 states that provisions of this chapter
are applicable to members of the Fridley Housing and
Redevelopment Authority. Chapter 5.05 for this states that
each member of the HRA must within a30n days of appointm busi-
file a list of all corporations, p p
ness enterprises or governmental agencies doing business or
located within the City of Fridley alhinteres1t". if has
either a "financial interest" or "person
a,aterial chance occurs than an amended disclosure statement
mist be filed within 30 days.
For the purpose of this chapter a financial
interest is defined as ownership of more than 10t Of
(1. stock in corporation), (2. an interest in a F a
proprietorship, or other business entity), or (3. an mert;-
interest in real property by
bers spouse).
The chapter also defines a "personal interest" as
as
any person who may be associated with the us nadvisoraor
employee, officer, director, trustee, partner,
consultant.
i •
' 1,awrence Commers, Chairman
r,uaust 6, 1985
Page -2-
In sum.T.ary this chapter does apply to members of
he BRA. The disclosure is to be made within 30 days of
ppointment and amendments are to filed within 30 days of
ny material changes to the original statement.
Sincerely yours,
PIN :JEB
cc: ?,asirr, QUT"e -shi
'cc: Sidney Inman
:- S PWF W".w. P.A.
O...r.s •1 LAM
" -S— -+rwr r..
t. ••,M-•LSOTA S3422
David P. Neh^nan
Tull Free Minnesota (800) 862 -6001
Toll Free Other States (800) 328-6124
Miller & Schroeder Financial, Inc.
Northwestern Financial Center • 7900 Xerxes Avenue South • PO. Box 789 • Minneapolis, Minnesota 55431 (612) 831.1500
To: City of Fridley
Rick Pribyl, Finance Director
Nasim Qureshi, Manager
From: Miller & Schroeder
James R. Casserly
Re: Analysis for Conversion of Variable Rate Bonds to Fixed
Rate Bonds
Date: January 30, 1986
The City should convert its variable rate bonds to fixed rate
bonds under the following circumstances:
A. When the City's long term bond rate is less than 40-45
basis points above the variable rate.
B. When the long term bond rate exceeds 9.5% and appears
to be rising.
The City's long term bond rate in January of 1986 would be
approximately 8%. The variable bond rate as of January 29, 1986
is 6%. Under an investment agreement with Manufacturer's
Hanover, the investment rate is currently 7.41%. At today's
variable bond rate there is a positive arbitrage after payment of
expenses of approximately 90 basis points.
Both bond issues can tolerate a rate in excess of 9.5% so there
is a considerable margin of safety. We used a 6.5% net interest
cost for our projections because of the experience of the
previous years' market. This rate includes approximately 51
basis points in expense for liquidity and remarketing. These
two costs would be extinguished upon conversion to a fixed rate
issue.
The variable bond rate is presently uncharacteristically high
because of the enormous influx of tax exempt variable rate paper
at the end of 1985. The market is currently correcting itself
having dropped 275 basis points in 30 days. We anticipate a
continuing downward trend through the spring of •1986 with rates
declining to under 5%. Assuming a constant investment rate, the
spread after expenses should be in excess 200 basis points by May
1, 1986. With a better investment rate the arbitrage potential
is even greater. We are continuously anaylzing the City's
position in the marketplace and will be in constant consultation
with you.
Hea l*mftn: MWoespoYe. Www,on
I=nchOA=:sorw.nn&,ear�a • SmuMenio.calik wi. • Nadre.o&.mioo4.9t.lad,Miaweena • Tai dr ,mod. • MimodwNkomin
w.a...r a. s. WMW ta.ww co,......
r� DIRECTORATE
OF
PUBLIC WORKS
C1N0 MEMORANDUM
f W DLEY
TO: Aasim Qureshi,LCity Manager
FROM: John G. Flora; Public Works Director
SUBJECT: 100 Twin Intersection Design
DATE: February 59 1966
PW 86 -28
oa o
`
C� Qo
On March 14, 1985 by Resolution 5 -1965, the HRA retained SEH to design the
Intersection of West Moore Lake Drive and Highway 65 by the 100 Twin
Drive -In. That Agreement was for a figure not to exceed $30,750.00
Since that time, Woodbridge Development, Inc. has submitted plans to
develop the Drive -In site with a total of nine office -type buildings. This
plan has identified a major use of the land and resulted in obtaining an
Environmental Source permit. The permit application has defined a
requirement to not only improve the intersection of West Moore Lake Drive
but also widen Highway 65 and improve Rice Creek Road between Old Central
and Highway 65. The permit application has been prepared by Barton-Ashman
Associates and Benshoof and Associates.
The permit review by SEH has been required to revalidate their original
data and incorporate the revised information into the intersection plans.
This action plus the increased scope caused by the Woodbridge Development
has resulted in unforeseen costs by SEH. The attached letter is a
preliminary notice that they will be submitting a request for amendment of
the original agreement.
As mentioned above, the permit application defines a need to widen Highway
65 by two additional lines in each direction resulting in encroachment into
the west Basin of Moore Lake and possible additional ROW from the Johnson
property. In addition, the permit calls for the rerouting of traffic off
of Old Central utilizing Rice Creek Road as the main traffic route between
Old Central and Highway 65 plus alignment improvement and possible signal
change at Highway 65.
I will submit the SEH change request upon request. ,
JGF /ts
Attachment
SHORT- ELLIOTT- HENDRICKSON, INC.
�' �-� Emir, �� COtiSULTING ENGINEERS
,� 5i PAL L %1!%%[ * 7 • ( ►IIPPE \� i 1 ill \\ t�(t ►�.;
N AL »L \� IK l t� >I♦
January 31, 1986 RE: FRIDLEY, MINNESOTA
WEST MOORE LAKE DRIVE
AND HIGHWAY 65
TRAFFIC STUDY a DESIGN
SEH FILE NO. 84142
Sohn G. Flora
Public Works Director
City of Fridley
6431 University Avenue N.E.
Fridley, MN 55432
Dear Mr. Flora:
As you are aware, we have been holding back designing the
roadways west of Highway. 65 in vicinity of West Moore Lake Drive
pending final determination of the type of development taking
place on the drive -in theater site. Once the final alignments
and roadway widths have been selected, we will proceed with our
design. Our design on the east side of Highway 65 is close to
completion.
We recently have spent a considerable amount of time and effort
in a review of traffic volumes and operations relative to the
proposed development by Woodbridge Properties. Much of the work
has been in relation to traffic projections and concept designs
by their traffic engineer. This included meetings,
calculations, and analyses.
In our original study of the development for the drive -in.
theater site, we utilized three different levels of intensity of
development. Our final recommendations were based on a moderate
to high intense use which would require some modifications to
the intersection of Highway 65 and West Moore Lake Drive. A
heavier generation of traffic than this anticipated would
require significant additional reconstruction of Highway 65.
The proposal from Woodbridge Properties will generate this
higher level of traffic which will force improvements
signficantly beyond those recommended in our original report.
200 GOPHER BUILDI%G *222 EAST LITTLE CA \ADA 204D-ST. PAUL, Ml%%ESOTA 35117-PHOM 16121 483 -0272
John G. Flora
January 31, 1986
Page 2
f�
Our original contract for the traffic study was for the drive -in
theater site. After the contract was signed, the city, requested
that we also study the area east of Trunk Highway 65 in the
vicinity of Polk Street and Lynde Drive. This was done at no
increase in cost of contract, even though we put a considerable
amount of effort into it.
The contract was amended to provide for the design of Central
Avenue and of West Moore Lake Drive. We are now again providing
significant extra efforts beyond that specified in the contract.
We feel it necessary to assist the city and are pleased to do
SO.
Our concern is that the amount of work we are providing is
signicantly beyond that for which we are being compensated under
the terms of the contract. We have a very sincere interest in
making certain that the proposed development does not create
problems and that the improvements proposed will operate satis-
factorily. We would like to continue to provide these extra
services for the city but feel that they must be considered as
extra work for which we will receive extra compensation. The
scope of the additional work is difficult to determine, pending
the final determination of traffic generation by the developer.
We are hopeful, however, that you will authorize us to continue
to provide the services considered as additional work.
If you need any additional information regarding the work done
to date or the work anticipated, we would be pleased to meet
with you and the developer.
Sincerely,
Glen Van Wormer
Chief Transportation Engineer.
jcj
MEI•IG TO: NIS I M OURESH I , CITY MANAGER
FROM: R CK PRIB.YL, FINANCE DIRECTOR
REGARD I Nbs- OSTS ASSOCIATED WITH THE $5,600,000 CAPITAL APPRECIATION
BOND SOLD TO WOODBRIDGE PROPERTIES AND THE SUBSEQUENT 100 TWIN LAND
PURCHASE.
THE FOLLOWING IS A REVIEW OF THE COSTS ASSOCIATED WITH THE SALE OF
THE CAPITAL APPRECIATION BONDS AND THE SUBSEQUENT PURCHASE OF THE
100 TWIN PROPERTY BY THE FRIDLEY HRA. IN REVIEWING THESE COSTS ONE
MUST REMEMBER THAT TWO ACTIVITIES HAVE TAKEN PLACE IN ONE APPARENT
TRANSACTION.
THESE COSTS ARE A SUMMARY FROM THE STATEMENT OF CLOSING AND FURTHER
INFORMATION CAN BE DRAWN FROM THAT DOCUMENT. THE LETTER FROM
DAB' J D P. NEWMAN 15 ALSO ATTACHED THAI FURI HER CLARIFIES THE
COMPONENTS ON THE TRANSACT IONS.
BOND PROCEEDS
EXPENSES:
1. MILLER & SCHROEDER FINANCILS, INC. -THIS COST
REPRESENTS THE CHARGE FOR F I S CAL CONSULTANT
?. O CONNOR & HANNON- -THIS COST REPRESENTED
THE COST FOR BOND COUNSEL.
_. HERRICK & NEWMAN -THIS REPRESENTS A TRUST SET UP FOR
COSTS INCURRED BY 1:. j;,.JilDbRI t,GE BUT NOT PAIL AT
T i HE Of CLOSING i FE-R A RE MLw i .
4. BENSON, MALKERSON, BRADBURY -THIS IS THE LISTING
SERVICE FOR THE SALE OF THE LAND.
5. LAKE POINTE INVESTMENT CO.-LAND ACQUISITION COSTS
6. LAKE POINTE INVESTMENT CO.- REIMBURSEMENT OF
EARNEST MONEY PUT ON 100-TWIN PROPERTY BY
WOODBRIDGE.
7. LAKE POINTE INVESTMENT CO.- REIMBURSEMENT OF
SPECIAL ASSESSMENTS PAID BY WOODBRIDGE.
COST AND SERVICES FOR BOND ISSUE AND LAND PURCHASE
S. TITLE INSURANCE CO. -THIS IS THE COST OF THE LAND.
$5,600,00 0.00
0
$S4,056.34
$17,750.00
4
PERCENTAGI
OF TOTAL
0.015010
0. 003 16?
o. t0401*7
0.019642
30416.06 0.005431
$73,940.00 0.01120,__
*I,S16.6S 0.000270
$340, 179. OS 0.060746
$5,0359922.66 0. 899 71
BALANCE PAID TO FRIDLEY HOUSING AND REDEVELOPMENT
AUTHORITY.
REIMBURSEMENT FOR WOODBRIDGE EXPENSES
REIMBURSEMENT FROM TITLE CO.
TOTAL HRA PROCEEDS
$3.898.6
*465.'
$3,862. GO
--------- - - - - --
$228,229.28
4A
03. 9981
1
SEY & WHITNEY
i Mc -V• 10 6-V6Z C -8 C.C-s •er 0 +3
rIRST BANK PLACE EAST
IAPOLIS. MINNESOTA $5402
TEL 612'340.2600
EVENUE ACCOUNT NO I1- 0223337)
TATEMENT OF ACCOUNT
For Legal Services Rendered in Connection With:
Matter: 52
Braman i Nelson
08/09/85 B. Burton
08/15/85 B. Burton
08/16/85 B. Burton
08/19/85 B. Burton
08/21/85 B. Burton
08/23/85 B. Burton
08/27/85 B. Burton
08/29/85 B. Burton
September 30, 1985
Invoice No. 96052
Telephone conference with
Susan J. Nordstrom:
review Agreement.
Revise Agreement; review Fund
II Agreement; Telephone
conference with Zamansky.
Draft Agreement; letter to
David R. Weir with Discussion
Draft.
Review Woodbridge Properties
Real Estate Development Fund
II Agreement; review Braman i
Nelson Agreement
Research on broker's statutes.
Telephone conference with
David R. Weir; review letter
agreement and redraft same.
Telephone conference with
Susan J. Norstrom; Revise
Agreement with Braman i Nelson
Telephone conference with
Susan J. Norstrom; conference
with Zamansky, et al.
v0,G
.75
.50
1.00
1.00
.25
2.25
.50
.25
PJ%M nt du.• will/in I0 dd%- ..f r.•t•.•ipt lif
Ilabur -. m� nt- nuJ.• Ior %i pear ai•.•elulIL f4w 1%1110•II hill. Ila —tit it %#-I 6-n r. r. i%. J sill a)►p.:Ir un it 1a1. r aal.In• nt.
t »56.25*
825•+
12690.54+
�
875•+
"J
�
1 55 •+
1P791.5+
310•+
38.75+
300•+
Clie
585•+
2)509 -45+
10,435.49*
Wood
32,.0 ...._._..
1.0201 Wayzata
Blvd
Minnetonka, MN
55343
SEY & WHITNEY
i Mc -V• 10 6-V6Z C -8 C.C-s •er 0 +3
rIRST BANK PLACE EAST
IAPOLIS. MINNESOTA $5402
TEL 612'340.2600
EVENUE ACCOUNT NO I1- 0223337)
TATEMENT OF ACCOUNT
For Legal Services Rendered in Connection With:
Matter: 52
Braman i Nelson
08/09/85 B. Burton
08/15/85 B. Burton
08/16/85 B. Burton
08/19/85 B. Burton
08/21/85 B. Burton
08/23/85 B. Burton
08/27/85 B. Burton
08/29/85 B. Burton
September 30, 1985
Invoice No. 96052
Telephone conference with
Susan J. Nordstrom:
review Agreement.
Revise Agreement; review Fund
II Agreement; Telephone
conference with Zamansky.
Draft Agreement; letter to
David R. Weir with Discussion
Draft.
Review Woodbridge Properties
Real Estate Development Fund
II Agreement; review Braman i
Nelson Agreement
Research on broker's statutes.
Telephone conference with
David R. Weir; review letter
agreement and redraft same.
Telephone conference with
Susan J. Norstrom; Revise
Agreement with Braman i Nelson
Telephone conference with
Susan J. Norstrom; conference
with Zamansky, et al.
v0,G
.75
.50
1.00
1.00
.25
2.25
.50
.25
PJ%M nt du.• will/in I0 dd%- ..f r.•t•.•ipt lif
Ilabur -. m� nt- nuJ.• Ior %i pear ai•.•elulIL f4w 1%1110•II hill. Ila —tit it %#-I 6-n r. r. i%. J sill a)►p.:Ir un it 1a1. r aal.In• nt.
l
DORSEY & WHITNEY
A ftnn~,O. InC.ma,ng D-WnfONl C010"hoftS
2200 FIRST BANK PLACE EAST
MINNEAPOLIS. MINNESOTA 55402
TEL. 612,1340-2600
(INTERNAL REVENUE ACCOUNT NO. 41- 0223337)
STATEMENT OF ACCOUNT
Woodbridge Properties, Inc.
320 Woodbridge Plaza
10201 Wayzata Blvd
Minnetonka, MN 55343
For Legal Services Rendered in Connection With:
Fridley 533
AUG 12 1935
i
July 31, 1985
Invoice No. 91360
05/22/85
B.
Burton
Review survey revisions; TC
1.75
Norstrom; L Nesset re
architect's agreement.
05/24/85
B.
Burton
TC Eric Nesset; survey
.25
matters.
05/29/85
B.
Burton
TC Nesset; TC Rud.
.25
06/04/85
B.
Burton
Review Maps and Purchase
1.00
matters; TC David R. Weir
06/05/85
B.
Burton
TC David R. Weir; review
3.50
Survey of G. R. Johnson
Parcel; TC Eric Nesset; L
David R. Weir; draft Purchase
Agreement
06/06/85
B.
Burton
Work on completion date list
1.25
and schedule of deadlines; TC
Eric Nesset; review survey; L
Eric Nesset.
06/06/85
B.
Burton
L David Weir; Revise Purchase
.50
Agreement.
06/18/85
B.
Burton
TC Eric Nesset re survey
.25
objections due 6/27/85.
06/24/85
B.
Burton
TC Sue Norstrom re Jerry
.25
Johnson.
06/26/85
D.
Joseph
T C Bruce Burton
.50
�:.::.:::T 3 "'g'"� ly
Pa% ment due within 10 da%s of rccript of statement.
Di *humement• made for v4wr acrount. for which bill* ha%e not %et be,•n received will appear on a later *tat -ment.
HORSEY & WHITNEY
A ftnme -P Inclao-At P'Ofss As' Cp D""Ons
' 2200 FIRST HANK PLACE EAST
MINNEAPOLIS. MINNESOTA SS402
TEL. 612/340 -2600
(INTERNAL REVENUE ACCOUNT NO. a1 -0223337)
Woodbridge Properties, Inc.
320 Woodbridge Plaza
10201 Wayzata Blvd
Minnetonka, MN 55343
Page 2
06/26/85 B. Burton
Disbursements
06/03/85 Northern Messenger
STATEMENT OF ACCOUNT
July 31, 1985
Invoice No. 91360
TC Joseph; L Nesset; review
engineering proposal.
Total Sours 11.00
Total For Services
Photocopying Charges
Sub Total
Sub Total
Disbursements Total
Total This Statement
1.50
$1,722.50
51.00
$51.00
18.00
$18.00
$69.00
$1,791.50
Payment dur %ithin 10 da.,, of rrro•ipt of osteme-nt.
I I)irburr.•mrnt, made- fur vmr amount. for which p
ich hill. ha %r not %rt •i +n rru•iwd %ill appear un a later =tats m� nt.
I
l �.
1
i
t
0
4 '.. —
DORSEY & WHITNEY
rr•m�s ^•p MC.U*'V 0"ysss -wW C° o""Ons
1200 FIRST DANK PLACE EAST
MINNEAPOLIS. MINNESOTA 55402
TEL. 612!340.2600
(INTERNAL REVENUE ACCOUNT NO. 41.0223337)
STATEMENT OF ACCOUNT
Client: 296493
Woodbridge Properties, Inc.
320 Woodbridge Plaza
10201 Wayzata Blvd
Minnetonka, MN 55343
For Legal Services Rendered in Connection With:
Matter: 40
Project A - Fridley 533
07/08/85 B. Burton
07/09/85 B. Burton
c CPTa e%�
%;
September 30, 1985
Invoice No. 96050
Telephone conference with
1.00
Sue Norstrom; revise
Johnson Purchase Agreement.
1.00
Telephone conference with
Sue Norstrom; revise
Purchase Agreement for road
realignments.
Total Sours 2.00
Total For Services
$310.00
Total This Statement
$310.01
-�
WAS
I'8%m4.11l dllr Mitl►in Il) da.. of rq•r&•ipt of tatein••►►1.
Ili -lwrs. n►• n1- ma►L• for % 4►ur :'• :aunt. f►►r UN I► bill: I►a�r n►►t art b••,•n nr.. i.-•J Mill appear un a liter
-tat-Ilk-411-
HORSEY WHITNEY
2200 FIRST DANK PLACE EAST
MINNEAPOLIS. MINNESOTA $5402
TEL. 612/340 -2000
(INTERNAL REVENUE ACCOUNT NO. 41 -0223337)
STATEMENT OF ACCOUNT
Client: 296493
Woodbridge Company
320 Woodbridge Plaza
10201 Wayzata Blvd
Minnetonka, MN 55343
For Legal Services Rendered in Connection With:
Matter: 40
1985 Project A (Fridley — 533)
.SEP & 1960
August 31, 1985
Invoice No. 94732
07/08/85 B. Burton Review amendment to memorandum .25
of Purchase Agreement; telephone
conference with Sue Norstrom.
Total Hours .25
Total For Services
Total This Statement
$38.75
$38.75
-A�
Pa%ment due Mithin 10 da%r of re -eipt of statement.
ni,humement, made for wsur as•rousst. fur whirls bilk 11aw not "•t 1N•en re•ceked Mill app•ar 401 a later rtjIvInent.
•, • HOLNES & GRAVES'
CHARTERED
170 Pdbbur? Center. Mmnaoeln. Mtm ON& 3502
Takpbsw 61213WI177
Invoice #8509093
OCT U30
SEPTEASER 26. 1985
AM 03 2
WOODBRIDGE PRCPERTIES• INC. FRIDLEY TAX I::CREME'IT REDEVEL-
1C201 WAYZATA ELVD OPNENT CISTIICT
MI` NETONKA. Ar 554:6
FOR ALL LEGAL SERVICES FRON
JUNE 17. 1935 THRU AUGUST 25• 1935 AS FOLLOWS:
6/17/8: ELIGIBILITY /TRIP TO PRCJECT
8/15/8: ME=TING
8/22/85 FRIDLEY MEETINGS
3/25/85 FRIDLEY PROJECT MEETING
TOTAL S'�2VICES: S300.00
STATEIENT OF ACCOUNT
PREVIOUS BALANCE
PAYMENTS AIND ADJUSTMENTS SINCE L %ST INVOICE
FINANCE CHARGE
CURRENT INVOICE
BALANCE DUE THIS STATVIE`tT
Arm• S Ca.~
JSH
.00
.00
. Or.
30r.00
13001.00
`� AtTOAwtI►f "'
1
�.
.i 1000 NOATMw C1ITLNN •IN�MC.IAL C2NT2A
• • ' to's a0wat2 •v2Nu2 Sol,
•
0INN4A /06IS- YIN"@IOTA 66i21 .
10121 12$•2000
- Ta40pNON2
'
October 15
85
/•
ATTN: Dave Weir Inc.
ertie
• Woodbridge Pr erties,
320 Woodbridge Plaza
Boulevard
10201 Wayzata
Minnetonka, MN 55343 .ILt tlo.
11,794_03
FLEASE RETURN TOP HALF OF INVOICE WITH YOUR REMITTANCE
-- - eriod ended September 30, 1985
For
_
0,0w ,popCSS1006066 RVlCtt:
Lake Pointe - Fridley
eluded attendance at meeting with
in ro ect zoning,
p 3
0Cl
rj
Legal services
ermit
Dave Weir and Eric Nesset n discuss
indirect source
'9S
and
regarding same with Jim
environmental review
reference
requirements, regarding
Book; conference with and coordination
lso required
environmental app with N• 4ureshi,
at meeting IS
with zoning; attendance
1 Dave Weir, Eric Nesset and Jim meetinguwit
D atten
irements;
' and ISP requirements; er to discuss issues and
and Dan .g
intra- office
Jim Book
and ISp
f EIS and ISP
schedule for EIS and ISP work;
o
attorney
conference to discuss preparation
with stratJegynand, regulatory
schedule; conference
for landowners. regarding ence
intra- off ice confer
• ent%
source of EIS requiremf environmental review
$Sa
®
regarding preparation o
schedule •
�Go Tw•r•
- A t 9
..t .49 —0'0
,4 , ��kz
Cpl
5
LARKIN• MOFFMAN. OALY III ONOGRIN• LTD
INVOICES ARE •AVAGLE UP" RECEIPT
LARKI-. HOFFxAN. VALY lh LINDGREN. LTD.
ATTO• »Ere AT LAW
loss 1.OI.Tw. aSTlAM .IMaNCIAL C0MT0.I
TON Manx@$ AVeMys SOYT"
YIMMt A.011i. YIIINiSOTA 00431
1961P••0•1[ '6120 03S 7000
Woodbridge Properties, Inc.
320 Woodbridge Plaza
10201 Wayzata Boulevard
Minntonka, MN 55343
November 15 ..8 5
FILE NO.
PLEASE RETURN TOP HALF OF INVOICE WITH YOUR REMITTANCE
Iron PRO.ESSIONAIfERVICES: .-.For period ended October 31, 1985
Re: Lake Pointe -- Fridley
Legal services included conference with Dan Lutenegger
to work on EIS schedule and discuss issues; conference
with Dave Weir regarding seller's concerns about
extension of closing; prepare memorandum to Fridley
City Manager regarding EIS and ISP processing and
schedule; intra- office conference regarding environmental
review schedule and incorporation of ISP into schedule;
attendance at meeting with N. Qureshi, J. Robinson, J. Flora
and E. Nesset to review EIS /ISP schedule and memorandum
concerning same; discussion of approach to zoning;
conference with Jim Benshoof regarding organization of
traffic work; conferences with Jim Book, Jim Benshoof and
Gerry Sunde regarding meeting at Barton - Aschman to
assign tasks and begin EIS work; conference with Bob
Guzy to address questions on EIS; conference with Eric
Nesset concerning the same; attendance at meeting with
D. Koski, D. Lutenegger, Jim Benshoof and Gerry Sunde
to assign tasks and discuss issues for scoping EAW and
full EIS; conference with Eric Nesset regarding the
need for meeting with Woodbridge to discuss traffic
issues; conference with D. Koski and D. Lutenegger
regarding various items for EIS and additional discussion
with Jim Benshoof and D. Koski regarding preliminary
results of traffic analysis for October 14 meeting with
client; attendance at meeting with D. Weir, Eric Nesset,
Jim Benshoof, D. Lutenegger and K. Anderson to discuss
traffic analysis of 959,000 square feet and whether to
do full EIS versus EAW on smaller project; conference
with Gerry Sunde regarding probable change from EIS to
EAW on smaller project; conference with D. Lutenegger
regarding meeting to work on EAW and ISP; analysis
of Fridley zoning ordinance and comprehensive plan
LHF / m_ z /ges
LARKIN. HOFFMAN. DALY & LINDGREN. LTD
INVOICES ARE PAYABLE, UPON RECEIPT
11,794 -03
Woodbridge Properties, Inc.
�• t4oV ember 15, 1985
Page Two
regarding alternative zoning and schedule approaches;
work on EAW /ISP schedule; conference with Eric
Nesset regarding unresolved issues concerning city
zoning as it affects process; preparation of EAW
and ISP schedule and conference with Eric Nesset
and Dave Weir's staff regarding progress on
zoning schedule and issues regarding same; antra- office
meeting to address redevelopment district issues;
attendance at meeting with D. Lutenegger to work on revised
EAW and ISP schedule and air, noise and sewer issues; review
the same with Gerry Sunde; conference with Jim Benshoof
regarding recent information concerning proposed area
roadway improvements; attendance at meeting with Dave Weir
and Eric Nesset to discuss environmental, zoning and TIF
issues and schedule; conference with D. Lutenegger
regarding latest proposed EAW and ISP timetable;
conference with S. Pelly of MPCA and D. Lutenegger
regarding monitoring data availability; conference
with Eric Nesset regarding Jerry Johnson's zoning
inquiry and EAW /ISP schedule; review memorandum from
Eric Nesset regarding suggested plan revisions; conference
with Steve Bassett regarding status of work on plans;
conference with D. Lutenegger regarding discussion with $2,500.00
PCA and begin analysis of zoning questions . . . . . . . . . . .
Costs incurred on behalf of client:
Duplicating charges $9.45. . . . . . . . . 9.45
Total amount due for professional services and costs . . . . . . $2,5500_9..4455
LHF /mzj /ges
LARKIN. HOFFMAN. DALY ! LINDGREN. LTD.
MVOIC[f ARt PAYAMUL UPON RtC[IPT
•
•
- s�
VENDOR NO.
- •
AMOUNT
12, F/ 0 . oa a
• ��' :�'••
SUBTERRANEAN
AcE
•
•,........•t•.
ENGINEERING
DU. DATE
DUED
`
L 434
U T \
:.;...•:;;.�:.;
J03 ti0.
-�•• -- coo 16121574.1242
CORPORATION
S. is 4
A*
075 HIGHWAY NO.65 N.E. P.O. SOX 32371
ACS - =•�
,► �*
MINNEAPOLIS. MINNESOTA $5432 01
.ice..
Woodbridge
Properties, Inc.
320 Woodbridge
Plaza
INVOICE
140. - 3004
10201 Wayzata Blvd.
CUSTOMER NO. 8800
Minnetonka,
MN 55343
JOB NO.
X -85077
Attention: Mr. Brie Nesset
PAGE 1 OF 2
NET 20 DAYS AFTER INVOICE - Finance Charge on past due accounts shown as "Adjustment FC' at 1.3% per
month.
FOR PROFESSIONAL SERVICES RENDERED
re: Soil Investigation and Report
Office Park - 100 Twin Drive IN
I -694 & Hwy. 65 N.E.
Fridley, Minnesota
Mobilization of men and equipment on & off site;
Drilling and sampling 47 soil test holes;
Surveying of test hole locations;
Engineering classification of soil samples:
Preparation of site plan, bo -chale logs, and preliminary
engineering report.
Sit
f .
t .
Ir
December 27, 1985
Mr. David Newman
Herrick & Newman, P.A.
6279 University Avenue N.E.
Fridley, MN 55432
RE: Lake Pointe — Miscellaneous Expenses
Dear David:
Please find enclosed the detailed list of miscellaneous expenses
incurred with the above referenced property.
If you have any questions, please do not hesitate to contact me.
Thank you.
Sincerely,
Susan J. Norstrom �L)
Treasurer
SJN:lmb
Enclosure
Woodbridge Properties, Inc. - 32D Woodbridge Plaza - 10201 Wayzata Boulevard - Minnetonka, Minnesota 55343 (612) S41 -1000
h
.M
PROJECT COST ANALYSIS
LAKE POINTE CENTER
Miscellaneous Expenses
DATE
DESCRIPTION
AMOUNT
6/13
Photolab
Corp(Aerial
Photos)
$ 125.00
4/03
Zoning Ordinance
-City
of Fridley
5.30
5/20
Technical
Reproductions
19.96
6/12
Republic
Telcom -Long
Distance
17.43
6/28
Northern
Messenger
9.90
6/30
Northern
Messenger
23.70
7/10
Republic
Telcom -Long
Distance
9.86
7/16
Mileage
7.20
8/07
Republic
Telcom -Long
Distance
7.13
8/14
Mike Hurd
Aerial Surveys#
Inc.
111.30
8/14
Photolab
Corp(Aerial
Photos)
300.00
9/10
Northern
Messenger
27.35
9/10
Republic
Telcom -Lang
Distance
21.51
9/10
Republic
Telcom -Long
Distance
12.81
9/17
Federal Express
14.00
9/24
Northern
Messenger
40.20
9/30
Business
Expense
115.37
10/08
Federal Express
14.00
10/14
Business
Expense
59.71
10/14
Northern
Messenger
117.60
10/14
Business
Expense
200.41
4/17
Photolab
Corp(Aerial
Photos)
500.00
10/31
Mileage
23.00
4/30
Business
Expense
92.73
5/22
Northern
Messenger
27.40
6/05
Northern
Messenger
33.00
11/06
Northern
Messenger
23.40
11/13
Republic
Telcom -Long
Distance
19.25
11/20
Mileage
6.95
11/21
Northern
Mesenger
63.70
TOTAL $2,049.17
.
.
75 HWY. 65 N. E.
O. BOX 32308
:IDLEYt PIN 55432
°'*
858 -+
854 -+
705 -+
2,•496.2+
52 -+
25o2+ INVOICE NO. / DATE
130 -+ 360 04/27/83 16636.1
51120.4*
DESCRIPTION
- ...._....L SURVEYOR
1-2=' 2 -MAN SURVEY CREW
9911
9SE FOR PRCF_SS:ONAL SERVICES
RENDERED:
992, 100 -TWIN -- TOPO 6 LOCATIONS;
WORK FROM 4/8/85 THRU 4/20/83
IF YOU HAVE QUESTIONS REGARDING THIS INVOICE,
PLEASE CALL 571 -6060
* * * * ♦ 9 * * * * * * * i a a * * * * * * * * * *
T 14 S. E. C.^.MPANIES PROVIDE SERVICES IN ALL ARIAS OF
PLANNING, ENGINEER: \G, LAND SURVEYING AND SOILS
TESTING SERVICES AVAILABi.Z FOR THE ORDERLY COST -
-F£;.: IV'E D .VE O;MErT OF YOUR PROPERTY.
-- THANK YCU FCR YCUR CONFIDEYCE --
ORIGINAL INVOICE
5,•120.4+
2,049.17•
121810 -+
10,436.49+
%30,416.06*
h0.
3ra. 001
60.00i
TOTAL
SALES TAX
PAY THIS AMOUNT
=a
3N
78.00
780.00
8_c. ac
6_d.: Z
� 1 1 411
VENCCR No.
'
IF s7, on s
F.STA:%:C_
CU_ DATC
:03 ro.
/.Cc
AS
IF YOU HAVE QUESTIONS REGARDING THIS INVOICE,
PLEASE CALL 571 -6060
* * * * ♦ 9 * * * * * * * i a a * * * * * * * * * *
T 14 S. E. C.^.MPANIES PROVIDE SERVICES IN ALL ARIAS OF
PLANNING, ENGINEER: \G, LAND SURVEYING AND SOILS
TESTING SERVICES AVAILABi.Z FOR THE ORDERLY COST -
-F£;.: IV'E D .VE O;MErT OF YOUR PROPERTY.
-- THANK YCU FCR YCUR CONFIDEYCE --
ORIGINAL INVOICE
5,•120.4+
2,049.17•
121810 -+
10,436.49+
%30,416.06*
h0.
3ra. 001
60.00i
TOTAL
SALES TAX
PAY THIS AMOUNT
=a
3N
78.00
780.00
8_c. ac
6_d.: Z
SUBURBAN ENGINEERING INC
6875 HWY. 65 N. E.
P.O. BOX 32308
FRIDLEY, MN 55432
BILL TO
WOODBRIDGE PROPERTIES INC.
320 WOODBRIDGE PLAZA
i0201 WAYZATA BOULEVARD
MINNEAPOLIS, MN 55343
- N85125
QUANTITY ( ACTIVITY
05/16/85
DESCRIPTION
r- ,_
NET 30 FC 11.3 % /M0.
RATE
9.50HRS 102! PRINCIPAL SURVEYOR 52.00
6.00HRS 122 2 —MAN SURVEY CREW 60.00
991
992 FOR PROFESSIONAL SERVICES
RENDERED:
9931 100 —TWIN -- REDUCE NOTES i
PLAT UTILITIES, LOCATE MAN -
994 HOLES, CATCH BASIN 6 INVERT;
WORK FROM 4/22/85 THRU 5/4/85
df /
VENCOR NO
A. SCUa:T -
S�s�l.00
R1! :- TA :N ^,CC2
/fto
0U= CA T E
0.
_
S'9 3
L
♦ IF YOU HAVE QUESTIONS REGARDING THIS INVOICE
# PLEASE CALL 571 -6066 •
ALL OF US AT THE SE COMPANIES WISH YOU
A SAFE 6 PLEASANT MEMORIAL DAY WEEKEND
HOLIDAY — DRIVE CAREFULLY.
-- THANK YOU FOR YOUR CONFIDENCE --
ORIGINAL INVOICE
TOTAL
SALES TAX
PAY THIS AMOUNT
1STOMER NO.
9690
EXTENSION
494.00
360.00
89-4.90
854.00
lE
19
vvrv•• •...
6875 HWY.
P.O. BOX
FRIDLEY,
BILL TO
WOODBRIDGE PROPERTIES INC.
320 WOODBRIDGE PLAZA
10201 WAYZATA BOULEVARD
MINNEAPOLIS, MN 55343
65 N. E. '
32308
NN 55432
JUN
PURCHASE ORDER
SECTION
INVOICE NO. / DATE
TERMS
CUSTOMER NO.
535 06/11/85
NET 30 FC 0 1.3% /M0.
96:0
QUANTITY (
ACTIVITY
DESCRIPTION
RATE
EXTENSION
98
WORK FROM 5%6/85 THRU 6/1/85
i.00HRS
1
PRINCIPAL SURVEYOR
52.6e
520.00
1.00HRS
111
DRAFTSMAN APPRENTICE
16. se
160.00
97
OUT -OF -HOUSE REPRODUCTIONS
2.00
99
_
99
FOR PROFESSIONAL SERVICES
RENDERED:
99
100 TWIN DRIVE -IN -- PREPARE
I AN OVERALL MAP OF AREA i ADD
990
EASEMENTS TO CERTIFIC�A•(TE
v- %!L%ZR NO.
- 7ci.Cc '
r A. IyAGE
C': - DATE .
JOB NO.. s�
y
ACCCUINT
TOTAL
70�. QId
+ • + a � + s + + a # • s + + a + s • • + • + * s
+ IF YOU HAVE QUESTIONS REGARDING THIS INVOICE +
SALES TAX
+ PLEASE CALL 571 -6066 +
THANK YOU FOR THE OPPORTUNITY TO SERVE YOU -
PAY THIS AMOUNT
705.00
CALL US TODAY FOR ANY ADDITIONAL DEVeLOPMENT
SERVICES NEEDED.
✓�/
ORIGINAL INVOICE
2
a
12
Gr
4.
SUBURBAN
6875 HWY.
P.O. BOX
FRIDLEY,
BILL TO
WOODBRIDGE PROPERTIES INC.
320 WCCDBRIDGE PLAZA
10221 WAYZATA BOULEVARD
MINNEAPOLIS, MN 55343
ENGINEERING INC
65 N. E.
32308
MN 55432
PURCHASE ORDER
SECTION
INVOICE NO./ DATE
TERMS
CUSTOMER NC
N85234
1
6a2 07/12/85
NE' 3a FC Co 1.3 % /C.
5CB1•
QUANTITY
ACTIVITY
`! DESCRIPTION
RATE
EXTENSION
989
WCRK FROM 55/23/85 THRU 6/29/85
.OeHRS
102
PRINCIPAL SURVEYOR
52.00
104.02'
• a2+. -As
122
SURVEY TECH 4
33.00
2S4. N
.091HAS
121
SURVEY TECH 3
29.00
290.00?
.00HRS
122
2 MAV SURVEY CREW
60.04
15r0. 2I
.22HRS
123
3 -MA` SURVEY CREW
75.00
322.04
. SZIHRS
124,
SURVEY TECH 2
26.00
13.00
979
DELIVERY SERVICE CHARGES
25.22
991
992.
FOR PROFE-SS ENAL SERVICES
RENDERED:
993
DONNAY' S LAKEVIEW MANOR ADDN. -
BOUNDARY i TOPO SURVEY OF
994
PROPERTY NORT -H OF 00 TWIN i
ADDING TO THE CERTIFICATE
T'I'P
t __..... /.c5' l
# • # # # # • # # ♦ # i # # # # # # # # i # # # #
TOTAL
# IF YOU SAVE CUE-=7 -TINS R_3„RD:NG THIS INVOICE +►
# PLEASE CALL 571 -60-Eo #
SALES TAX
CLA OBLIGA'TICK' IS TG PRCV :DE YOU WIT Tf-E
Hip^`. -iE3 QUALITY Y SERVICES AVA:LAB =E. IN
PAY THIS AMOUNT
.,.._ ..- P Ei IAT. .
nE L' °N, YCuR r1�r!� : FAYIr -e` +� IS Aw. a
-- ThANK YC:i --
CJHURBAN ENGINEEKINID Aryv
- X6875 HIGHWAY 65 N. E.
i P.O. BOX 32308
FRIDLEY, MN 55432
BILL TO
WOODBRIDGE PROPERTIES INC.
320 WOODBRIDGE PLAZA
10201 WAYZATA BOULEVARD
343
MINNEAPOLIS, MN
AUG 5 x°85
INVOICE NO. I GATE
TERMS /
rAC SECTION
1 773 07/26/8.`+. NET 30 FC ! 1.3 % /M0.
DESCRIPTION RATE
_,�-
WORK FROM 7/1/85 THRU 7/13/85
52.00
PRINCIPAL SURVEYOR
FOR PROFESSIONAL SERV ICES
RENDERED:— ADD PARCEL NUMBERS
100 -TWIN
TO CERTIFICATE
AIJOUI
F.ETA',NAGE �-
OU_ DATE���
JOB t:0.
PHR=s
A CC
c:_ :
* * * * * * * * * * * * * * * * * * * * * * * * *
* IF YOU HAVE QUESTIONS REGARDING THIS INVOICE
* PLEASE CALL 571 -6066
OUR OBLIGATION IS TO PROVIDE YOU WITH THE
HIGHEST QUALITY SERVICES AVAILABLE. IN
RETURN, YOUR PROMPT PAYMENT IS APPRECIATED.
-- THANK YOU --
nglc;tNAL INVOICE_
TOTAL
SALES TAX
PAY THIS AMOUNT
9690
EXTENSION
52.00
52.00
52- ✓00'
b �t}LjR�f'f(V LIVL711rG 111 V 1• V
6875 HIGHWAY G5 N. E.
J - . P.O. BOX 32306
i FR I DL.EY, MN 55432
BILL TO
WCCDBRIDG -c PRCPER71ES INC.
320 WOODBRIDGE PLAZA
10221 WAYZATA BOULEVARD
MINNEAPOLIS, NN 555343
SEP l ,Z V05
PURCHASE ORDER
SECTION
INVOICE NO. / OATE
TERMS
CUSTOMER NO.
N85225
1
971 08/31/33
QUANTITY
ACTIVITY
OESCRIPTION
RATE
EXTENSION
.
9.3
DE::V= -- -Y SERVICE C -TARGES
REs 102 -74V
�?
VENC"CR NO.
P.ETA:::.".C?
0U= DA T-':
PHACI es
TOTAL
# # # • # • # # # # # # # i # t # # # t # # # # #
• IF YOU HAVE DUESTIONS RESMD NG TAIS INVC:C= #
# PLEASE CALL 51 -6066 t
SALES TAX
OUR OBL:GRTION IS TO PRCV..= YCU Wlin TRL
PAYTHISAMOUNT
HI3 E5, QUA_I TY SERV;:- - -_ AVA: -AB__. I%
RE'l:R�, YCUR PRCMP- PAY»_ . IS A3.•�,EC:F -cam.
-- TF+.ANK YCU --
[lelr -u lsl IMVA►e'c
SUBURBAN ENGINEERING INC
6875 HIGHWAY 65 N. E.
P.O. BOX 32308
FR I DLEY, MN 55432
.vv V
i
•ILL TO r
WOODBRIDG OPERTIES INC. '
320 WOODBRIDGE PLAZA
10201 WAYZATA BOULEVARD
MINNEAPOLIS, MN 55343
N85125 i 1226 16/25/85
QUANTITY I ACTIVITY I DESCRIPTION
992 FOR PROFESSIONAL SERVICES
I RENDERED:
993 DONNAY'S LAKEVIEW MANOR ADDN,
LOT 22, BLOCX 10 --
LOT AREA COMPUTATIONS i PRINTS
WORK FROM 19/6 THRU 10/19/85
99
2.50HRS 192 PRINCIPAL SURVEYOR
Vc.1:= c,A
+ IF YOU HAVE QUESTIONS REGARDING THIS INVOICE ;
+ PLEASE CALL 571 -6066 •
THE SE COMPANIES THANK YOU FOR YOUR
PATRONAGE DURING 1985. WE WILL
APPRECIATE YOUR PROMPT PAYMENT OF THIS
INVOICE AS OUR FISCAL YEAR COMES TO AN
END IN NOVEMBER.
ORIGINAL INVOICE
NET 30 FC Q 1.3 % /M0.
I RATE
52.
TOTAL
SALES TAX
PAY THIS AMOUNT
9690
EXTENSION
130.00
130.011
130.9Q
C.
+ IF YOU HAVE QUESTIONS REGARDING THIS INVOICE ;
+ PLEASE CALL 571 -6066 •
THE SE COMPANIES THANK YOU FOR YOUR
PATRONAGE DURING 1985. WE WILL
APPRECIATE YOUR PROMPT PAYMENT OF THIS
INVOICE AS OUR FISCAL YEAR COMES TO AN
END IN NOVEMBER.
ORIGINAL INVOICE
NET 30 FC Q 1.3 % /M0.
I RATE
52.
TOTAL
SALES TAX
PAY THIS AMOUNT
9690
EXTENSION
130.00
130.011
130.9Q
HERRICK & NEWMAN. P.A.
V •a;.. c "a.A-ca Ar OANEtE AT LAW 4,27E YM-VaAf1T11 AVENUE N 6.
DAVID • MEWMAM FRIDLEY. 0AINNESOTA iM3a
JAMES a Ac "mECapEEEw $71.3020
January 2, 1986
Nasim Qureshi
Executive Director Fridley BRA
City of Fridley
6431 University Avenue Northeast
Fridley, Minnesota 55432
RE: Lake Pointe Development
Dear Mr. Qureshi:
Enclosed you will find the following documents arising
from the closing on December 20, 1983 on the above described
development:
1. One copy of the executed Development Contract.
2. A copy of the closing statement prepared by the
closer for Title Insurance Company of Minnesota.
The first page reflects the expenses paid by the
HRA. The second page indicates the allocation of
costs between the buyer and seller.
3. You will note the sum of $22,500.00 has been placed
in our trust account. This sum represents the anti-
cipated costs that Woodbridge Properties anticipates
in the following categories:
1. Surveying $ 1,000.00
2. Soil Tests $ 5,000.00
3. Legal $16,500.00
Pursuant to our agreement the HRA has agreed to pay
these costs of acquisition. However, since
Woodbridge has not yet received invoices for these
items we have not authorized disbursement. Under
the terms of our agreement I will disburse these
sums upon the receipt of invoices from Woodbridge
Properties.
4. The next item on the Closing Statement indicates the
sum of $30,416.06 paid to Lake Pointe Investment
Company for land acquisition costs. This breaks
down as follows:
Nasim Qureshi
January 2, 1986
Page Two
1. Surveying
2. Soil Tests
3. Legal
4. Miscellaneous
$ 5,120.40
$12,810.00
'v$10,436.49
Expenses \v$ 2,049.17
I have received invoices for all of these costs and
copies are enclosed for your records.
5. The next entry on the first page of the Closing
Statement is the sum of $5,035,992.66. This is a
carry forward from the second page and indicates the
amount paid by the BRA for actual land costs.
6. The next entry after this is the sum of $73,940.00
paid to the Lake Pointe Investment Company. This is
a refund of the earnest money previously paid by
Lake Pointe.
7. The following entry is the sum of $1,516.68 paid to
Lake Pointe Investment Company. Under the terms of
the purchase agreement the sellers are to pay all
special assessments. In the closing the special
assessments were not paid but rather deducted from
the amount paid to the sellers. Since under the
terms of the Development Agreement, Woodbridge
Properties will be paying all real estate taxes and
special assessments, these are amounts that they will
be paying in future years. Consequently, the amount
which was deducted for the unpaid special
assessments from the sum paid by the BRA for the
property, needs to be reimbursed to Lake Pointe
Investment.
8. Also you will find enclosed a copy of the Contract
which Woodbridge Properties entered into with Jim
Benson for real estate brokerage commissions.
9. Finally, the remaining balance of $223,828.26 is
disbursed to the Fridley BRA.
I believe that the items on the second page of closing sta-
tement are self - explantory with one exception. You will
note that at the closing the sum of $8,225.00 was deducted
for title insurance premiums. Since the closing, it has
come to my attention that Title Insurance Company of
Minnesota had originally quoted a premium figure of
$4,362.20 for this item. Consequently, there is a rebate of
$3,862.80 owing. I have recieved a check from the Title
Insurance Company of Minnesota payable to both the Fridley
Housing and Redevelopment Authority and Lake Pointe
Investment Company. I have forwarded this check on to Lake
Pointe for endorsement and asked them to return it to me so
that it can be deposited in the account of the BRA.
Nasim Qureshi
January 2, 1986
Page Three
At the time of closing it was first brought to the BRA's
attention that the personal property on the site had not yet
been removed by the sellers. Consequently, we entered into
an Agreement which allows the sellers to keep their per-
sonal property on the property until April 1, 1986 providing
that they will release the BRA from any damage to the pro-
perty and further providing that in the event the BRA wishes
to have the property removed prior to this time that the
sellers will be given 30 day notice. Enclosed you will
find a copy of this Agreement.
I have not enclosed any of the documents transferring
title from the property owner to the BRA. The reason'is
that as you know, Title Insurance of Minnesota has agreed to
provide to the BRA title insurance. Consequently, I am
deferring to Title Insurance to ensure that the necessary
documents are recorded so that title is in fact in the name
of the BRA. This is a customary practice where title
insurance is involved. However, you should be aware of the
fact that I have reviewed the survey and the deeds provided
at the time of closing. I am satisfied that the HRA has
acquired good title to the property.
Enclosed you will find two executed copies of the
Assignment of Purchase Agreement from Woodbridge Properties
to the HRA. The purpose of this document is to release any
claim which Woodbridge may have in the property arising from
the Purchase Agreements it previously entered into with the
sellers.
Finally, I realize that there are a number of expenses
which were paid by the HRA. However, at the time of closing
I reviewed all of these items with the exception of the
miscellaneous expenses and I am satisfied that all of them
represent costs which were actually incurred. I received
the receipts of the miscellaneous expenses approximately one
week after the time of closing. As you know, the terms of
the Redevelopment Agreement provided that the HRA could
either step into the shoes of Woodbridge Properties and pay
for all acquisition costs or in the alternative could allow
Woodbridge to acquire the property and then to reacquire it
from Woodbridge which sum would include all acquisition
costs. Consequently, all of the costs which were paid at
closing would have been incurred under either method with
the only difference being that if Woodbridge would have
first acquired the property then the price paid to
Woodbridge would have been increased to include those items
described above.
Nasim Qureshi
January 2, 1986
Page Four
I believe that this concludes all of the documentation
for the closing. If there are any questions please do not
hesitate to contact me.
§incerely yours,
f 1. .
bavid P. ewman
DPN:JEB
Enclosures
A.. TITLE INSURANCE COMPANY OF MINNESOTA
,i
400 Second Avenue South O 46 East founh Street
Minneapolis. Minnesota 55401 St Paul. Minnesota 55101
612.371.1111 612- 222.3041
CLOSING STATEMENT
SELLER
BUYER J?I�7Ls"`—
�---
LENDER
PROPERTY ADDRESS
at IYFR
CLOSING DATE %.2' a Of
DISBURSED DATE
T.D NUMBER. —Xi a
SELLER
DEBIT
CREDIT
DE IT
CREDIT
SALE PRICE
Earnest Money
Add-t onal De sit
Amount of Loan
Balance Due on Sale
Trtk Insurance Premium
AddarOnal Title Insurance
Cio -no fee
Disbursement lee
Assessment Search fee
Abstraet/RPA lee
morlaaste Registration Tam
State Deed Tax
Record..nofees
w 4.� jZ
TAXES
qj-
Current
Del,n uent
SPECIAL ASSESSMENTS
Assessments able•
Assessments pending
Wrinneto rn Escrow for
c�
Commission
Or matron fee
Auo_rne 's fee
—A
Mc . ^3 ^? Pa o
03
r
w, PAM OV
.erf✓ .t
2
S= t""
• 7
0.00
Check to /from Buyer 180frovver
Check to' from Seller
00 OCR
1 TOTAL
Above Disbursements Approved:
Above Disbursements Approved
louver Borrower) ($etlerl
louver Borrower) ISeller)
TITLE INSURANCE MpANV of MINNESOTA
/ i 1
1W /M 777! • a1
TITLE INSURANCE COMPANY OF MINNESOTA
/ Al
400 Second Avenue South D 46 East Fourth Street
Minneapolis. Minnesota $5401 St Paul, Minnesota SS101
612.971.1111 612.222.3041
CLOSING STATEMENT
SELLER
BUYER!'
LENDER
PROPERTY ADDRESS
BUYER
CLOSING DATE
;5OISSURSED DATE _
_
7.0 NUMBER
SELLER
DEBIT
CREDIT
DEBIT
CREDIT
S I
SALE PRICE
>•,/ .
'
Od
Earnest money
.00
Add-iocinal Depossi
Amount of Loan
Balance Due on Sate
��pZ,,�•OD
Title Insurance Prem.um
Addaronat True Insurance
.O U
Clos-no fee
Disbursement fee
Assessment Search fee
Absu ac t • RPA fee
Mort a e Re rstratron Tam
State Deed Ta■ '""i ?2ao-
�,Bv
�O
Record-mg fees
TAXES
7sA•
Current•
OR 7V- 7f
Dei��vem
SPECIAL ASSESSMENTS
Assessments a able
Assessments Vend-n
Wdhheld in Escrow for
Commrssron
Or. matron fee
Attorney's fee
Mon aoe Pay off
SUBTOTAL
Checks, 'from Bu er 'oe- •e+.rr
Check to 'rnerr Setter
_
OA 7�j
/ yy� • ?r!�_.S _!V
TOTAL
��T� a
`1CT•
Above Disbursements Approved Above Disbursements Approved
louver Borraw■rl ISeuerl
dourer orwrew- I ISetterl
]tilt I%suaarvcf CMeApr Or mtb11[iOta