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HRA 04/18/1990 - 6388HOUSING AND REDEVELOPMENT AUTHORITY MEETING, WEDNESDAY, APRIL 181 1990 6:30 P.M. WILLIAM BURNS, CITY MANAGER & DIRECIOOR OF HRA lll- �' PLEASE NOTE CHANGE IN MEETING DAY AND TIMEld City of Fridley A G E N D A HOUSING & REDEVELOPMENT AUTHORITY MEETING WEDNESDAY, APRIL 181 1990, 6:30 P.M. Location: City Council Chambers Fridley Municipal Center 6431 University Avenue N.E. CALL TO ORDER: ROLL CALL: APPROVAL OF MINUTES: March 8, 1990 ACTION ITEMS: REVISED UCD REDEVELOPMENT PROPOSAL FOR 10,000 AUTO PARTS SITE . . . . . . . . . . . . . . . . . . .1 - 1G CONTRACT WITH BARTON- ASCHMAN ASSOCIATES FOR TRAFFIC STUDY TO BE PAID FOR BY UCD . . . . . . . . . . . .2 CLAIMS. . . . . . . . . . . . . . . . . . . . . . . . . . 3 INFORMATION ITEMS: 57TH PLACE STATUS . . . . . . . . . . . . . . . . . . . . .4 - 4A TCF AND SKYWOOD MALL IMPROVEMENTS . . . . . . . . . . . . .5 - 5H COMMENTS ON PROPOSED 1990 -1991 OBJECTIVES AND ACTIVITIES . . . . . . . . . . . . . . . . .6 - 6F OTHER BUSINESS ADJOURNMENT a CITY OF FRIDLEY HOUSING 6 REDEVELOPMENT AUTHORITY MEETING, MARCH 8, 1990 CALL TO ORDER: Vice - Chairperson Schnabel called the March 8, 1990, Housing and Redevelopment Authority meeting to order at 7:20 p.m. ROLL CALL: Members Present: Virginia Schnabel, Duane Prairie, John Meyer Members Absent: Larry Commers, Walter Rasmussen Others Present: Jock Robertson, Executive Director of HRA William Burns, City Manager and Director of HRA Dave Newman, HRA Attorney Rick Pribyl, Finance Director Paul Hanson, Accountant Jim Casserly, Casserly Molzahn Barbara Dacy, Planning Coordinator William Nee, Mayor Tom Schuette, UCD, 4735 Hiawatha Ave. S., Mpls. Frank Reese, 8200 Normandale Blvd., Bloomington APPROVAL OF FEBRUARY 8 1990, HOUSING AND REDEVELOPMENT AUTHORITY MINUTES• MOTION by Mr. Meyer, seconded by Mr. Prairie, to approve the February 8, 1990, Housing and Redevelopment Authority minutes as written. UPON A VOICE VOTE, ALL VOTING AYE, VICE — CHAIRPERSON SCHNABEL DECLARED THE MOTION CARRIED UNANIMOUSLY- ACTION ITEMS• 1. RESOLUTION ON $9,845,000-TAX INCREMENT REFUNDING BONDS: Mr. Robertson stated the bond bids were received on noon on Wednesday, March 7, 1990, and the bids were awarded at a special City Council meeting the evening of March 7, 1990. Mr. Robertson stated the explanation and resolution the HRA received in the packet has been modified, and the HRA has received a final resolution with the final numbers. HOUSING & REDEVELOPMENT AUTHORITY MTG., MAR. 8. 1990 PAGE 2 Mr. Robertson stated that when the HRA had a joint meeting with the City Council on February 8, 1990, the HRA reviewed the options presented by Mr. Jim Casserly and approved the financing procedure and authorized this bond issue. At this meeting, staff is asking the HRA to approve this resolution that will approve and authorize the execution of a tax increment pledge agreement which goes with this general obligation tax increment refunding bond. Mr. Casserly stated that what the City has done is simply refund the bonds sold in 1986. Approximately $9,060,000 are left on those bonds, so this bond issue that is sold is to completely pay off the 1986 bonds. That is why this is called a refunding bond. There is no new money in this issue. The HRA is being asked to pledge the tax increment revenue they have available to them to pay off this new 1990 refunding bond. The HRA did a similar pledge in 1985 and 1986, and now they are being asked to do the same kind of pledge in 1990. The pledge agreement says that in Tax Increment Districts 1, 2, 3, and 6, for as much as it can be pledged, the HRA is pledging the revenues from those districts to pay the debt service on this bond issue. OTION by Mr. Prairie, seconded by Mr. Meyer, to approve Resolution HRA No. 3 -1990, "Resolution Approving and Authorizing Execution of Tax Increment Pledge Agreement Respecting $9,845,000 General Obligation Tax Increment Refunding Bonds of 1990 ". UPON A VOICE VOTE, ALL VOTING AYE, VICE - CHAIRPERSON SCHNABEL DECLARED THE MOTION CARRIED UNANIMOUSLY. 2. RESOLUTION DIRECTING STAFF AND HRA CHAIRPERSON TO APPROVE A DEVELOPMENT AGREEMENT WITH NORTHCO IN SUBSTANTIALLY THE SAME FORM AS PRESENTED: Mr. Robertson stated that at the December HRA meeting, a representative from Northco, Mr. Bruce Carlson, made a presentation to the HRA on the proposed 18,000 sq. ft. project in the Northco Phase III at 73rd /University Avenue. The HRA reviewed the building plans and the need for extensive soil correction, and recommended that the City Council set up a short -term economic development district for the purpose of assisting this project with a soil correction grant of $70,000. Mr. Robertson stated that at the February 26, 1990, meeting the City Council held a public hearing and set up that district, and that has now gone to the County for certification. Mr. Robertson stated the HRA is being asked to approve a resolution asking staff to proceed with finalizing the final development agreement with Northco in substantially the same form as the HRA approved it in December with the pay -as- you -go feature, where the HRA does not give the grant until the project starts paying taxes. ,'� HOUSING a REDEVELOPMENT AUTHORITY MTG., MAR. S, 1990 PAGE 3 The development agreement is being currently reviewed by Northco, and they see no problems in finalizing the agreement. MOTION by Mr. Meyer, seconded by Mr. Prairie, to approve Resolution No. HRA 4 -1990, Resolution Directing the Fridley Housing and Redevelopment Authority Staff and Chairperson to Approve a Development Agreement in Substantially the Same Form as Presented. UPON A VOICE VOTE, ALL VOTING AYE, VICE - CHAIRPERSON SCHNABEL DECLARED THE MOTION CARRIED UNANIMOUSLY, 3. UCD DEVELOPMENT PROPOSAL FOR 10,000 AUTO PARTS SITE: Mr. Robertson stated that at the last meeting, staff briefed the HRA on this development proposal for a 28,000 sq. ft. retail facility which would use the 10,000 Auto Parts site plus two additional residential properties to the east. The HRA originally reviewed it as a pay -as- you -go grant; however, when it became necessary for the project to acquire the two additional properties, UCD changed their request from a $250,000 pay -as- you -go grant to a $350,000 grant upon completion. At that time, the HRA authorized staff to proceed with some additional analysis of this, since this no longer met the standard pay -as- you -go grant of 5 -8% of the total project value. Mr. Robertson stated the HRA received at the meeting a revised analysis by Casserly Molzahn. Staff now feels confident that the developer's cost of a grant for a land assembly and write -down will be closer to $300,000 than $350,000. If the HRA is to approve the proposal, it will require the issuance of a bond. Staff added a 2% inflation rate to the estimated taxes. Principal payments are to be made semi - annually. The result is that the HRA would need a principal of approximately $350,000 to generate $300,000 in project expenses. They are using a conservative estimate in that they are assuming it is a taxable bond; therefore, the rate is 9.5% and the term of the bond is 11 years. Using the most conservative method of estimating the value of the project, they estimate about $1.7 million. The developers estimate the project value to be much closer to $2.5 million. Using the conservative method, the ratio of the grant to the $1.7 million is in the neighborhood of 17 %. That is why this is a special case and why they did an additional analysis. Mr. Robertson stated that when the HRA was looking at the Tanurb project in the southwest quadrant, the ratio of the grant to the value was in the neighborhood of 20%. Mr. Robertson stated that subsequent to the printing of the agenda, staff has met with UCD and have resolved the site plan questions that were raised at a neighborhood meeting UCD ha in ratios, Fe aand The site plan now meets all the coverage, parking HOUSING & REDEVELOPMENT AUTHORITY MTG.. MAR. 8, 1990 PAGE 4 setback requirements of a standard C -1 zone with one exception, and this is the setback from the right -of -way of University. This is a technicality, in effect, because of the wide planting strip between the traveled way and the property line. There is more than the standard setback normally found for a commercial street. Mr. Robertson stated Barbara Dacy, Planning Coordinator, is at the meeting to answer any questions the HRA members might have on the site plan. Mr. Robertson stated there may be questions about what the City is getting for the proposed grant. He would like to point out that the grant does not go to the developer. The grant is more in the direction of reducing the price of the property so that it is competitive with competing sites. Mr. Casserly can answer any questions regarding the grant. Mr. Prairie asked if Mississippi Street was going to be any wider than it is at the present time. Mr. Robertson stated that on the site plan, Mississippi Street shows the dog -leg left turn stacking. It is possible for the County to build that when they improve Mississippi Street. The County has already acquired the right -of -way to proceed with the intersection improvement project, and they have reviewed this site plan and have essentially said it is feasible to do it this way. Mr. Prairie stated this is really a tight area for traffic flow. Mr. Robertson stated that is correct. This is a critical part of the site plan. That is why the County essentially required the developer to acquire more land to the east to provide enough left turn stacking space. Mr. Meyer stated he had a general concern about this whole development, not only because of the development itself, but part of this whole operation is to some day have a light rail transit parking lot on 66th Avenue and to the north. Mr. Meyer asked that if they approve this project, aren't they somehow introducing a semi- blight into a very fine residential area? In terms of when they ultimately put in the light rail transit parking area, that intrudes itself one more block into an excellent residential area. He did not see that as a very good planning solution. Mr. Meyer stated they haven't even had their discussion yet on a policy for the southwest quadrant. In order to get that going, they will probably need some of the same type of shops that are being proposed for the 10,000 Auto Parts site. They will have the Northco development at 73rd and University Avenue which will �� HOUSING & REDEVELOPMENT AUTHORITY MTG. , MAR. 8 1990 PAGE 5 contain many of the same type of shops. Do they have any kind of general plan for University Avenue and for the whole City in terms of these types of developments? It concerned him that they do not have an overall plan, other than to just develop property to get more tax money. If any of these projects go defunct, they are going to have many little one -story mom /pop shops empty all up and down University; therefore creating blight. Shouldn't that be part of the HRA's concern when they consider granting HRA funds for these types of developments? Mr. Meyer inquired why they have gone from a proposed development bordering on 66th Avenue and the people having to live with that development, to including one more full block with another parking lot to 67th. Therefore, they have thrust into the residential areas with nothing more than another parking lot. Should they be doing this to their fine residential areas? Mr. Robertson clarified that the graphic may be somewhat confusing and that the proposed UCD project only extends to 66th Avenue and not beyond. Ms. Schnabel stated Mr. Meyer has certainly raised some good philosophical questions. She stated that at this time she would like to hear from the developer. Mr. Tom Schuette stated UCD has worked as a development company specializing in smaller buildings like this one. All of their developments are more or less driven by the Walgreen Company that has identified Fridley as an expansion location. They considered the southwest quadrant; however, it was suggested by City staff that the City was really looking for a development to use the whole 10 acres on the southwest quadrant. With the lack of a grocery store as an anchor that would use 6 -7 acres, they decided they would be more successful to pursue the 2 1/2 -3 acre parcel on the northeast quadrant. Mr. Tom Schuette stated their business is retail and service for the neighborhood, and the center would be a neighborhood center designed to benefit from existing traffic, homes, and buildings in the neighborhood (approximately 2 miles). It is not intended to draw customers from a distance. Mr. Schuette stated the light rail transit issue keeps coming up as University Avenue might be selected as a corridor. If it is, the Mississippi /University section may be a park and ride, and the north side of their property might be selected for a parking lot. The east side has also been considered for a parking lot, as well as Columbia Arena. He stated they met with the Regional Rail Authority a couple of times and were told that if the north side the could UCD do some u type of land swap such ch that the Authority chosen, HOUSING & REDEVELOPMENT AUTHORITY MTG., MAR. So 1990 PAGE 7 the additional single family lot was really predicated on the fact that they needed it to make the project work. Mr. Reese stated they are looking at a second generation use of this property. He stated the buyer is expecting the developer to build something other than the mundane. They are looking at long lasting materials which will be attractive to the buyer. They are planning prefinished masonry panels on the outside walls, attractive bands that run through the building (permanent color, not paint), and a generous overhang on all the open areas of the stores. Mr. Reese stated they showed the neighborhood that they will use the same building materials on the back of the building as they use on the front. They will put in a 6 ft. high fence, also made of the same building materials, that will screen off the automobile parking in the back. They are trying to create a controlled environment on their own area . The neighbors on the east will see the same type of building materials as the front. He stated they will build a center that will fit into the neighborhood. Ms. Schnabel asked Ms. Dacy to give a synopsis of the neighborhood meeting. Ms. Dacy stated the initial mailing list went out to the required 350 ft. by State law. Then by word of mouth, the mailing list was expanded so that they now have a mailing list that extends down 66th Avenue to about Hayes Street. About 30 people attended the neighborhood meeting. She stated staff received a petition the previous day signed by 50 people who are against the proposed project. She stated the major objections: 1. Traffic concern 2. People from the southwest quadrant and down the road from Moon Plaza were concerned about the impacts into the retail market. 3. Typical noise impacts 4. Odors 5. Property values Mr. Meyer asked if the potential park and ride site was discussed at the neighborhood meeting. Ms. Dacy stated that Tim Yantos, Anoka County Regional Rail Authority, attended the meeting. No presentation was made at the meeting; however, after the meeting a number of people asked Mr. Yantos him about the LRT planning process and the prospect for a park and ride. He explained that a park and ride is a possibility, ,..� but that the decision would not be finalized until potentially 1991 -1992. HOUSING G REDEVELOPMENT AUTHORITY MTG., MAR. 8, 1990 PAGE 8 Mr. Meyer asked if all the parking spaces in the park and ride would be accessible from Mississippi through the new development. Ms. Dacy stated that is correct. Of course, that also depends upon Anoka County as Anoka County has plans to improve the intersection of Mississippi /University. There will be four lanes north of the median and three lanes south of the median and double left turn lanes. Mr. Robertson stated the County has told the City that if the City can acquire the right -of -way at reasonable cost on the west side of University, that improvement could conceivably occur in 1991. City staff asked the County if they could do the improvement on the east side of University this year in order to serve this development and then come back later and do the west side. The County said they could do that, but it will be at a higher cost. They would rather do all the improvements at the same time. Mr. Robertson stated that even though the S -2 zone essentially is site plan specific, the proposal as shown by the architect meets all the setback requirements and parking requirements of a normal C -2 zone, with the exception of University Avenue which is an exceptional case because of the wide right -of -way. So, if the property is rezoned to C -2, it will not require variances except for one along University. Mr. Meyer stated he is still very concerned about the traffic problems this development would create in this area. Ms. Dacy stated the distance between the proposed driveway and the intersection is better than any of the frontage road accesses they have along University. She realized there will be conflicts, but any development on that site is going to incur this type of problem unless the site is left as is or the scale of the development is reduced to the size of the 10,000 Auto Parts. Then, they still have the situation where the existing driveways are too close to University. Mr. Newman stated the traffic from the proposed development would have less impact than the traffic for an office building because the traffic will be spread out over a wider period of time. There will not be the 8:00 a.m. and 5:00 p.m. stacking times. Mr. Robertson stated the traffic engineers from the Anoka County Highway Department and the City engineers looked at this proposal because of the traffic concern. Both convinced staff that the critical design element is the distance of the driveway from University, which has more to do with how traffic volumes are handled than anything else. HOUSING & REDEVELOPMENT AUTHORITY MTG., MAR. 8, 1990 PAGE 9 Mr. Robertson stated there is also the concern that if Walgreen Drug is the anchor tenant on the northeast quadrant, it is going to preclude as much commercial development on the southwest quadrant. They won't have that option of 50,000 sq. ft. of retail anymore. They would have more of some other use, office or residential. He asked the traffic engineers that, looking at proposals for the southwest quadrant with a minimum of 50,000 sq. ft. of retail and maybe more retail, what kind of congestion would there be compared to the proposed development for the 10,000 Auto Parts site? Their answer was that it would be similar or worse. Ms. Schnabel stated that if they had a project for the southwest quadrant, it would be easier to make a decision. Maybe the HRA has to additionally address the idea of what they want to do in terms of funding. Mr. Meyer stated he is also concerned about the 17 %. Mr. Robertson pointed out it is less than what the HRA was considering very favorably with Tanurb in the southwest quadrant. Ms. Schnabel stated the Tanurb proposal was also a much larger proposal and a much more inclusive proposal than this one. Mr. Robertson stated staff discussed at length with the developer and internally with staff the concern raised by Mr. Meyer about the possibility of the project not being successful. He asked Mr. Schuette to comment on what percent pre -lease agreements are required by the lenders. He stated staff would probably put that same requirement in the development agreement - -that they would not proceed with the project unless they had sufficient pre -lease agreements that would be indicative of a successful project. Mr. Schuette stated 75 -80% of the space has to be leased. TCF does not loan the money until they have leases in -hand and executed that are more than sufficient to service the debt. Walgreens signs a lease for 40 years, and they will use 11,000 of the 28,000 sq. ft. They will have leases signed for a minimum of 3 years, but more likely 5 years. The space will be 75% leased before they even break ground under the policy the lenders require. Mr. Newman stated that while the 10,000 Auto Parts site is smaller than the Tanurb proposal for the southeast quadrant, there are some unique features that will make it difficult for anyone to develop it. It is his understanding that Red Owl has a master lease on this property from the Theisen family for many years, and it is going to be expensive for any developer to acquire that site. Ms. Schnabel asked Mr. Schuette to explain their reasoning for changing the request for assistance. HOUSING A REDEVELOPMENT AUTHORITY MTG., MAR. 8. 1990 PAGE 10 Mr. Schuette stated two factors were involved: 1. Their initial plan did not include any homes, and it was a slightly smaller building. When they met with the Anoka County Highway Department, they were told that the median was planned for improvement and the plans could not be changed. So, acquiring the house added a substantial cost. And acquiring the first house triggered the need to purchase the second house. 2. The privacy wall which will be built of the same materials as the building is an additional expense. The estimated cost is $36,000. They are doing more than adequate landscaping. Mayor Nee stated he understood Mr. Meyer's concerns. He stated the Council is looking for some advice from the HRA. When the Council first reviewed this project, the numbers were quite different, the subsidy was quite different, and it appeared to solve a problem for this property. As time went on and at the public neighborhood meeting, he heard some of the same concerns expressed in 1965. It is questionable whether the developer can make the project fit with the neighborhood. Mayor Nee stated another problem is the question of timing. Many concerns are being expressed by the merchants on the southwest quadrant. What is the idea of subsidizing a development on the 10,000 Auto Parts site when the City isn't solving the problems on their corner? He stated that over the years, the Council and HRA have said that the southwest quadrant was the third priority, and the 10,000 Auto Parts site was the fourth priority. The northeast corner is in kind of a subsidiary position, because it has so many problems associated with it and so little promise. From strictly a business point of view of improving the tax base potential, it is better on the southwest quadrant than on the northeast. Mayor Nee stated he does not speak for the Council, as the other member may have different views. At the neighborhood meeting, traffic was very much an issue, and he has not seen any well defined statement of solution. Ms. Schnabel stated the traffic issue will probably not be resolved until the southwest quadrant land is made available to the County for the improvements, and at this point, they do not know when that will happen. Mr. Robertson stated the County has said the interim solution is merely to extend the existing median further east to this entrance. That will help direct and channel the eastbound traffic. However, the better solution would be to do the whole intersection improvements which would involve the southwest as well as the northeast quadrant to provide the additional lanes. If the HRA was (-"-\ ROUSING 8 REDEVELOPMENT AUTHORITY MTG., MAR. 8, 1990 PAGE 11 to acquire the land in the southwest quadrant; namely, the Levy property and the Dairy Queen (agenda item #4), then the necessary right -of -way for the project to be done sooner could be conveyed to the County. The County has said it is conceivable they could do the entire intersection improvement as early as 1991. Mr. Robertson stated Anoka County is aware of this project proposal and seems willing to move up this project in their 5 year capital improvement schedule to meet this need. Mr. Robertson stated the HRA is at a point where they will have to make a policy decision. If not this kind of use, then what kind of use? This property has been in the Center City Redevelopment District for ten years and has been earmarked for commercial development. As Mr. Newman pointed out, would an office building have any better traffic characteristics? The engineers say, no, it will just be different. Mr. Prairie agreed that it would be easier to make a decision on this project if the southwest quadrant was done or at least started. Mr. Robertson stated staff is not asking the HRA to finalize the project, but to approve the concept and direct staff to continue refining the proposal. Ms. Schnabel stated another possibility for this property is something a little more modest than this plan. Maybe this proposal is just too much for this property. Mr. Robertson stated Casserly Molzahn's proforma shows that with a land assembly grant of $300,000 which is necessary to support 28,000 sq. ft. of retail at prevailing rates, they are looking at 11 1/2 per year payback on the bonds. Presumably, less value means less taxes and a longer payback period. It is the classic redevelopment dilemma where, in order to get the taxes to accelerate the payback, they need more density. Mr. Burns asked if the 10,000 Auto Parts site is better for commercial than the southwest quadrant. Mr. Robertson stated that in terms of visibility and turning movements, the 10,000 Auto Parts site is superior. Mr. Schuette stated the east side of University Avenue is the going home side of the street which is very important to the retailer. Ms. Schnabel stated the HRA needs to address the amount of 1 assistance being requested. Do they feel comfortable with the request for this size of a bond? If they don't, then what assistance do they feel comfortable with that would help this HOIISING & REDEVELOPMENT AUTHORITY MTG., MAR. 8, 1990 PAGE 12 developer or any other developer redevelop this particular section of the downtown area? She is sensing that $350,000 is more than what they anticipated and more than they are willing to give. Ms. Schnabel stated she would also like to know if this has been discussed with Chairperson Commers and what his feelings are about this proposed project. Mr. Robertson stated staff discussed this plan earlier with Mr. Commers and Mayor Nee. Mr. Commers was generally in favor of the project. However, at that time it was at the very early stage when they were talking about using the pay -as- you -go mechanism. He did not know how Mr. Commers feels now. Mr. Meyer stated he is not happy with the high level of assistance. He is not trying to tie his objection to the project to that facet. Even if the project went ahead, he would wonder why they were spending 17 %. Mr. Newman stated staff is looking for some direction from the HRA as to whether this is the type of proposed use they would like to see go on this site and if they would like staff to proceed into further negotiations for a development agreement. Ms. Schnabel stated she had three reservations about this proposal: (1) the amount of assistance being requested, (2) the density, and (3) the traffic. Her reasons for these concerns are based on the discussions at this meeting and the neighborhood's feelings about the development. It is important that they redevelop their downtown area and this particular piece of property because it is unsightly as it is, but they should not redevelop it at the expense of the neighborhood. She has a great concern for the residents of Fridley and always has through all her various dealings with the community. Mr. Prairie stated that if circumstances were different on the southwest quadrant, it would be a whole different ballgame. Mr. Robertson stated that the HRA has three issues to consider at this meeting: 1. Make a recommendation to the Planning Commission on the specific redevelopment plan 2. Consider concept approval of the Redevelopment Contract 3. Make a recommendation to give notice for public hearing to expand the TIF district to include the two additional single family units HOUSING & REDEVELOPMENT AUTHORITY MTG., MAR. 8, 1990 __ PAGE 13 NOTION by Mr. Meyer, seconded by Mr. Prairie, to recommend against this specific redevelopment plan by UCD for the 10,000 Auto Parts site to the Planning Commission. Ms. Schnabel stated the HRA does have to recognize that at some point, they will have to find some type of development that fits on this property, because it is just as much a disservice to the neighborhood to leave it sit this way forever. Mr. Prairie and Mr. Meyer agreed. Ms. Dacy stated the Planning Commission can still hold a public hearing on this item and just announce the HRA's discussions and recommendation. However, she was operating under the scenario that if the HRA did not recommend this development, the developer might want to reconsider either an alternate plan or to not proceed. Mr. Schuette stated he did not think the plan can be altered. Any changes would cause the building to be smaller, and smaller means less revenue. Ms. Schnabel stated that if staff anticipates members of the neighborhood to be at the Planning Commission meeting, it might be a good idea to proceed with the public hearing so the neighbors can understand what has happened. UPON A VOICE VOTE, ALL VOTING AYE, VICE - CHAIRPERSON SCHNABEL DECLARED THE MOTION CARRIED UNANIMOUSLY. Mr. Schuette stated they have been working hard with City staff to make planning decisions, and he did not think they would have to defend those issues before the HRA. He thought that would happen at the Planning Commission. He stated they have far too much money invested to drop the project if they do not have to. Ms. Schnabel stated that if anything develops within the next several months with the southwest quadrant, that might change the HRA's feelings, but that is an unknown at this point. Mr. Schuette stated he was not sure they can control this property for that long a time. 4. SOUTHWEST QUADRANT POLICY DIRECTION: Mr. Robertson stated staff has been reviewing several different proposals for a mixed use development /commercial housing projects on the southwest quadrant and they are anticipating some possible interest from a corporate office also. In the meantime, they have been informed that the owner, Fred Levy, has a potential buyer and developer for just his site. The proposal does not need any assistance or zoning approvals. If the HRA intends to develop the ,1*'� HOUSING & REDEVELOPMENT AUTHORITY MTG., MAR. 8, 1990__ PAGE 14 --� entire 10 acres, then it is best for the HRA to acquire control of the Levy parcel at this time. If they do not move ahead with acquisition at this time, then they face the inevitability that the entire 10 acres may never be available and they might want to just decertify this part of the Center City plan and not proceed with it, because it would not be a comprehensive development, but small parcel development. Mr. Robertson stated staff is recommending the HRA direct staff to begin conversations with Mr. Levy to negotiate an acquisition price and come back to the HRA with an update at the next meeting. Mr. Newman stated that at a luncheon meeting with Mr. Commers and the Mayor, Mr. Commers asked that this be put back on the agenda, because it was Mr. Commers' feeling that the HRA should seriously consider acquiring the site. This was discussed by the HRA 3 -4 years ago, but since that time things have changed. If they are going to upgrade Mississippi Street, early acquisition could speed up the intersection improvements for Mississippi and University by Anoka County. If the HRA is going to develop this site, they need to do it very quickly; otherwise, the increment will run out and they will not have that option. If the corporate user does not step forward, then it is staff's recommendation that the HRA go back to Ron Clark or another developer in order to get a project n in place to consider so they have a development in place by next spring. Mr. Newman stated the HRA would have to own and lease and manage the property until development occurs, but that might not be too great a risk. Mr. Newman stated the HRA has the money to acquire the property. That is what the bonds were issued for back in 1985. The County appraised the property three years ago, and the estimate was slightly over $1 million. Mr. Levy had an appraisal done in the amount of $1,050,000 and $1,150,000. In looking at the development proposals in the last year, Mr. Levy agreed on a $1.1 million purchase price. Mr. Prairie asked what happens if the HRA acquires the property and nothing happens in the next five years. Mr. Newman stated the HRA would have to own, lease, and manage the property for five years. Mayor Nee stated he was also getting to the point where he thinks the HRA has to do this. If they acquire the property, there will be more of an incentive to make something happen in the southwest quadrant in less than five years. They have to deal with this corner. —` HOUSING & REDEVELOPMENT AUTHORITY MTG., MAR. 8. 1990 PAGE 15 W Mr. Meyer stated he is in favor of acquisition. He did not want the KRA to be in the leasing and managing business, but he agreed they have to do something with this corner. NOTION by Mr. Meyer, seconded by Mr. Prairie, to authorize staff to have an appraisal done on the Levy property and authorize staff to approach Mr. Levy and begin negotiations regarding the purchase of the property. UPON A VOICE VOTE, ALL VOTING AYE, VICE - CHAIRPERSON SCENA3EL DECLARED THE MOTION CARRIED UNANIMOUSLY. Mr. Newman stated that if the appraisal cost is any higher than $2,500, staff will come back to the HRA. 5. CLARK ENGINEERING ET AL VS. FRIDLEY HRA Mr. Robertson stated his memo to the HRA dated March 1, 1990 (agenda page 5) was self - explanatory. Mr. Newman has obtained a summary judgment granted by the court that the claims against the HRA and Clark Engineering are dismissed; however, the claim for slander of title to property and for attorneys' fees pursuant to bad faith litigation is still intact. The court has set this matter for trial on June 18, 1991. Staff needs some policy direction from the HRA. Mr. Newman stated that when the law suit initially commenced, both he and Mr. Commers were offended by it. There was no basis for the law suit. At the HRA's direction, he attempted to negotiate a resolution and in response received a summons and complaint. He stated he needs some direction from the HRA as to whether they wish him to pursue this claim for bad faith, to negotiate a final settlement, or pursue it to trial to get the attorney's fees. It does take staff time and HRA resources. Mr. Meyer stated Clark Engineering is a competitor, but also a colleague, and he would abstain from voting on any motion. Mr. Prairie stated that if the HRA does not pursue this claim, he would like to not see the City use any of Clark Engineering's services in the future, even though the City has not hired this firm in the past. He would be inclined to say that staff should not pursue it. Mr. Newman stated that if the HRA does not wish him to pursue it, he will try to negotiate some concessions. Ms. Schnabel stated it is her feeling that legal staff should not pursue this. 11 ` HOUSING & REDEVELOPMENT AUTHORITY MTG.a MAR. 8. 1990 PAGE 16 Due to Mr. Meyer's abstaining from any vote, there was a lack of a quorum for action on this matter; however, the two members did indicate their recommendation not to proceed to trial. 6. LAKE POINTE MAINTENANCE CONTRACT AWARD: MOTION by Mr. Prairie, seconded by Mr. Meyer, to accept the bid and award the contract to Talberg Lawn and Landscape in the amount of $32,850.00. UPON A VOICE VOTE, ALL VOTING AYE, VICE - CHAIRPERSON SCHNABEL DECLARED THE MOTION CARRIED UNANIMOUSLY. 7. CLAIMS (1988 - 1999): OTION by Mr. Prairie, seconded by Mr. Meyer, to approve the check register as submitted by staff. UPON A VOICE VOTE, ALL VOTING AYE, VICE - CHAIRPERSON SCHNABEL DECLARED THE MOTION CARRIED UNANIMOUSLY. INFORMATION ITEMS: 8. 57TH PLACE STATUS: ,I_1\ Mr. Robertson stated the cost of the mitigation of the groundwater pumping will be around $100,000 rather than $200,000. The PCA has not apparently concluded their review of the environmental report or concluded an agreement with Ashland Oil on the clean -up. Mr. Newman has suggested that the HRA not bring this item off the table until that agreement has been concluded, but recommends that as soon as that agreement is reached, staff contact Winfield Develop- ment to see if they are still interested in developing, and then take this item off the table. 9. FICEK GOLF RANGE PROPOSAL FOR LAKE POINTE: Mr. Robertson stated Mr. David Ficek has asked the City Manager to approach the City Council on temporary use of the Lake Pointe site on a year -to -year lease basis for a golf driving range. Mr. Robertson stated it appears to be technically feasible, and it would be a chance to recover some revenue. Mr. Burns points out that the Council might want to give some direction on what kind of political criticism the City might get for having a driving range there, rather than just open space. Mr. Robertson stated this is an information item, but staff would welcome any comments the HRA members might have. HOUSING & REDEVELOPMENT AUTHORITY MTG., MAR. 8, 1990 PAGE 17 Ms. Schnabel stated that if they allowed this type of use, what other ideas for its use would they get? She felt it is best to leave the Lake Pointe property as it is. The HRA members were not interested in proceeding with this proposal for a golf range at Lake Pointe. 10. REPLACEMENT OF STREET LIGHTING POLES & FIXTURES AT MOORE LAKE COMMONS: Informational item only. 11. OTHER BUSINESS: a. ERA Goals and Objectives Mr. Robertson stated he had given the HRA members the first draft of the 1991 goals and objectives with some notes from Mr. Burns on what he would like to see moved to 1990. One of the items is a business retention program (the City now has a computerized business directory). Mr. Burns has asked that they do what they can to identify a profile of high priority businesses they can begin contacting later this year to try and determine their needs for the future, much like they did for Onan. He stated this is a worthwhile activity. It can be done with their present budget, and he would recommend they proceed with developing such a program. Mr. Robertson stated he would like the HRA members to review these goals and objectives and come back with comments at the next meeting. b. Center city Pictures Mr. Robertson stated he would like the HRA's approval to have enlarged, mounted, and framed a series of photos for display in the Municipal Center showing the Center City Redevelopment District in its various stages. The cost is about $200. These photos show very dramatically the progress that has been made since 1965. The HRA members authorized staff to proceed. c. Electrical Bids for ERA Parking Ramp Security Surveillance System Mr. Robertson stated the HRA previously approved the security bid for $10,973 for the zoom camera, monitor, and sound equipment. Included in the materials at the meeting was a bid from Royal Electric to install some HOUSING & REDEVELOPMENT AUTHORITY MTG., MAR. 8, 1990 PAGE 18 required additional electrical and sound wire conduit work that staff was not aware of when the bid was approved in December. Two bids were received, and the lowest bid was $649. With the HRA's permission, it will be added to the project and proceed. The HRA authorized staff to accept the low bid and award the bid to Royal Electric, Inc., for a total cost of $649.00. ADJOURNMENT: MOTION by Mr. Prairie, seconded by Mr. Meyer, to adjourn the meeting. Upon a voice vote, all voting aye, vice - Chairperson Schnabel declared the motion carried unanimously and the March 8, 1990, Housing and Redevelopment Authority meeting adjourned at 10:05 p.m. Res ectfully suhmitted, t� Ly Saba Recording Secretary ACTION ITEMS KXJSNG and REDEVELOPMENT AUTHORRY I COMMISSION MEMBERS: LAWIENCE COMIERS, CHAIRMAN MARE PRAM YMOMA SCIINASEL WALTER RASMUSSEN JOHN MEYER CITY OF FRIDLEY DATE: April 12, 1990 TO: Housing and Redevelopment Authority FROM: Jock Robertson, Executive Director of HRA SUBJECT: Revised Redevelopment Proposal for 10,000 Auto Parts Site by Urban Commercial Development (UCD) In response to concerns raised by the HRA at the March 8, 1990, meeting, UCD had revised or provided additional information on the following three subjects: 1. Financing 2. Compatibility with the neighborhood 3. Traffic issues These revisions were reviewed by representatives of both the Council and HRA on March 30. Although they still had some reservations, they have encouraged the developer to proceed with asking the HRA to consider the revisions and new data, and, if favorable, proceed with a review by the Planning Commission and City Council. 1. financing With the demise of the 10,000 Auto Parts company and its lease, the developer has been able to return the request for assistance from a $350,000 grant upon completion to approximately $300,000 on a pay -as- you -go basis. This would reduce the financial risk on the project to zero. As we go to press, the developer is still fine - tuning the estimated $100,000, 5 year, carrying costs for the base $200,000 to be included in a proposed pay -as- you -go agreement. We anticipate having a final number by the HRA meeting. The $300,000 amount is close to the preliminary HRA guidelines of approximately 5 -8% of the project costs. It is: 9.3% of $3,200,000 construction costs as estimated by the developer. This is also comparable to the pay -as- you -go development agreement the HRA approved for Northco, which was $70,000, approximately 8% of Northco's estimated construction costs of $855,168. EXECUTIVE DIRECTOR: JOCK ROSERTSON 0431 UNIVERSITY AVE. (012) 671 -3460 FIRIDLET9 GIN 55432 EXT. 11 T 1 -A Revised Redevelopment Proposal by UCD April 12, 1990 Page two 2. Neighborhood Compatibility Neighborhood compatibility has also been improved. Concerning light rail transit, Anoka County Regional Rail Authority has now taken the position that if a station were built on the public right -of -way between the project site and University Avenue, they would give first consideration to a drop -off "kiss and ride" station. There would be no large parking lot to the north, but the possibility of some shared parking spaces to be reserved in an easement in the front setback of the proposed project. At this time, this seems to be the most likely light rail transit development if light rail ever comes to pass (see page 1 -C). Secondly, in terms of neighborhood compatibility, the impervious surface ratio has been improved from 90% in the original plan to 84% in the revised plan (see page 1 -D). Screening on the north and east sides of the project have been improved by additional setback widths and berms. The developer has agreed to a landscape maintenance agreement similar to the one between the City and Moore Lake Commons in the HRA's development agreement. Also, the City Assessor has estimated that the project would have a minimum negative impact of $2,500 on the property values of the six adjacent homes on the west and east. This is based on the performance characteristics and the lack of complaints from the much larger Holly Center on the west side of University. Thirdly, the developer does not foresee a significant negative impact on existing retailers (see pages 1 -E and 1 -F). 3. Traffic Impact The other outstanding question raised by the HRA at the March meeting concerned the traffic impact on the existing Mississippi Street /University Avenue intersection. A part of the question was the timing of the proposed improvements to the intersection and also the impact of the maximum intensity of development in the southwest quadrant on the same intersection. A draft traffic study by Barton - Aschman Associates indicates that given worst case assumptions about both the traffic attracted off University Avenue and Mississippi Street and also the traffic generated by the proposed development, both the existing intersection and the improved intersection proposed by the Anoka County Engineering Department will be more than adequate to handle P.M. peak hour traffic from 4:30 - 5:30. The worst case traffic 1 -B Revised Redevelopment Proposal by UCD April 12, 1990 Page three characteristics during this peak hour would be at level D (maximum delay of 30 seconds) which is comparable to the present Osborne and University intersection (Barton - Aschman report to be delivered on Monday, April 16). In addition, Barton - Aschman estimates that the development of a 200,000 sq. ft. office building in the southwest quadrant may require two eastbound left -turn lanes on Mississippi Street at University Avenue. The additional lane could be provided with small additions of right -of -way from both Holly Center and the southwest quadrant. There would be no significant additional impact to the proposed development on the east side of University Avenue. Representatives of Barton- Aschman will attend the meeting to present the study findings and answer questions. 4. Recommendations Given these modifications and additional information, staff recommends that the HRA: a. Recommend approval of this specific development plan �.,.1 to the Planning Commission for a public hearing on April 25, 1990. b. Give concept approval for preparation of a $300,000 pay -as- you -go redevelopment agreement to be reviewed and acted on at a later HRA meeting. JR:ls M -90 -250 C. Make a recommendation to give notice for public hearing to expand the TIF district to include the two additional single family units to the east (see attached map). The attached schedule indicates a proposed sequence of City actions (see page 1 -G). 0 'o • 6 1 9 j I h J W 7 o� a 7 2 w w T � � 7 2 � ua w D 1 -C A -D Z 3iaid 6� a� yyr St: E� E I I > III 1 N .00I ..OI 8 S37vds CI d I I I J I L I I I i o -I i I MI, - -� i II I N N III I Q: I Q +r w I I� II IVl ° Oo ygN�y v' °° ^' ' - -00, N 1� III I PrI' L ' y 1` N cu a i I III I I I 11� I I I I> ce oo -� r? in -J ' ' I r, II N ti ti ti I I ►-� i I I CL 1 I1 'III .m 6 ru It ■I7 I IH ' I cu O a a a n k 4i I tt N ° I_ _ _ ______ - - - -- 3N 3nN3AV XiIS83AIrin ----------------------------------------------------- 1 1 -E urban commercial developers, inc. FRIDLEY TOWN SQUARE Competition Profile Fridley Town Square is designed to be a neighborhood service retail center. The tenants will be retail and service businesses who perceive a significant demand for their product within the local neighborhood. The center is designed to service some of the everyday needs of the 46,000 people who live within two miles of the intersection of University Avenue NB and Mississippi Street. The center will also serve the existing traffic flows on University Avenue and Mississippi Street (37,000 and 10,000 daily traffic, respectively). Although several retail centers exist at this location presently, all the needs of the local population are not being met. Many citizens of Fridley drive to Northtown, Columbia Heights and other locations for some of their shopping needs. Shoppers need convenience and will enjoy finding additional goods and services close to home. n Walgreen Drug will anchor Fridley Town Square. Walgreens is an 11,000 square foot drug store which will provide a wide variety of merchandise in addition to pharmacy. Walgreens has grown to be the largest drug store chain in the country. This growth has come from a commitment to the customer and the neighborhood. The success of a new drugstore depends on convenience and acceptance by the community. Walgreens has been welcomed to over 400 new locations in the past five years. Will the new shopping center succeed only at the expense of other retailers? Definitely not. Fridley has grown a great deal since Holly Center, Rice Creek Plaza and Moon Plaza were built. Fridley has over 10,000 households. These homes are occupied by people who have a much higher demand for goods and services than those of twenty years ago. The people appreciate convenience and the people benefit by competition. Competitive retailers will assure that the community enjoys a choice of goods and services at fair prices. Will Fridley Town Square cause vacancies at other retail centers? No. Fridley r Town square will be a 28,000 square foot retail facility. Other than Walgreens, the center will bring 17,000 square feet of new retail space to the city. Holly Center is 73,000 square feet. The population growth since Holly was built certainly warrants 17,000 square feet of new retail space. Also, as the city considers redevelopment of the southwest quadrant, many existing retailers will be seeking a new location. Fridley Town Square will provide a location where their existing clientele can continue. Will Fridley Town Square cause a slower lease -up of Moore Lake Commons: No. Our new retail space of 17,000 square feet could hardly be accused of slowing the leasing of over 100,000 square feet of space almost two miles away. The fact that these locations are far enough apart for each to be successful, is further illustrated by the fact that the City of Fridley presently operates municipal liquor stores at each of these approximate locations. Each of these locations can be convenient to a profitable customer base. Fridley Town Square will be a vibrant, first class shopping facility. The center will be insulated from the adjacent neighborhood by a decorative block wall and extensive landscaping. The parking areas will be safe and well lit. The landscaping will be sprinklered and professionally cared for. The building materials will be permanent. No materials used will require painting or continued maintenance, thus assuring a continued look of quality. fridley.ltr 04/12/90 1 -F 1 -G 10.000 AUTO PARTS (FRIDLEY TOWN SQUARE) PROJECTED SCHEDULE February 8, 1990 HRA meeting - information item February 9, 1990 Apply for rezoning to S -2 February 13, 1990 Light Rail Transit meeting February 15, 1990 Neighborhood meeting April 18, 1990 HRA makes recommendation to the Planning Commission regarding plan and considerations HRA approves Development Contract concept approval contingent on City Council rezoning HRA gives notice for TIF district expansion public hearing April 25, 1990 Planning Commission meeting on rezoning May 7, 1990 City Council establish public hearings for May 21, 1990, on rezoning and TIF district expansion to include two single family parcels May 21, 1990 City Council conducts public hearing on rezoning June 4, 1990 Approve rezoning and first reading of ordinance ? Second and final reading of ordinance when Development Contract signed and stipulations met Public hearing to expand TIF district KNANG and REDEVELOPMENT AUTHORITY COMMISSION MEMBERS: LAWRENCE CWMWS, Cw►R� WANE PRAM VOMM SCMABEL WALTM RASMUSSEN JOHN MEYM CITY OF FRIDLEY DATE: April 12, 1990 TO: Housing and Redevelopment Authority FROM: Jock Robertson, Executive Director of HRA SUBJECT: Contract with Barton - Aschman Associates for Traffic Study to be Paid for by UCD In order to expedite getting answers to the traffic questions for the 10,000 Auto Parts site proposal, we reached an agreement with UCD in which they would pay for the study as an amendment to our existing contract for the University Avenue Corridor by the Traffic Engineering Division of Barton - Aschman Associates. The total contract amount will be about $4, 000, and the contract will be paid for by UCD. JR:ls M -90 -255 EXECUTIVE DIRECTOR: JOCK ROBERTSON 6431 UNIVERSITY AYE. (612) $71 -3450 FRIDLEY, NN 55432 EXT. 117 -� CLAIMS (AT MEETING) 3 DATE 04 /12/90 CITY OF FRIDLEY - HRA PAGE 1 PROORAM POy08 CHECK RUN BATCH # :0003 DESCRIPTION CHECK REGISTER 002 HRA VENDOR DISC. INV # PO /INV # SEO D PCNT 2000 + CHECK- PREPAID F00026 FRIDLEY STATE BANK INVESTMENT 00294 -01 6TD9340. . TOTAL VENDOR 2001 CHECK- PREPAID **$# N00101 NORTHWEST RACQUET, HEALTH CLUB LAND PMT. 01295 -01 6TD90LO.O00( TOTAL VENDOR AMQUNT ACCT NUMBER 0�1t�(! 163,000.00 DR701 -10400 163,000.00 CR701 -10100 $ 163,000.00 120,000.01 DR451 -20200 120,000.00 CR451- 10101 $ 120,000.00 2002 CHECK - PREPAID ZZ0237 ROLCHE, INC. LAND PMT 00296 -01 6TD9000.0000 109,500.('0 DR451 -20200 109,500.00 CR451 -10100 t TOTAL VENDOR $ 109,500.00 2003 CHECK- PREPAID 100170 BARTON- ASC.HMQN ASSOC., INC. PROFESSIONAL SERIVCES 00297 -01 6TD92I0.0000 PROFESSIONAL SERIVCES 00297 -02 6TD92LO.0000 ffff TOTAL VENDOR $ 2004 � CHECK- PREPAID 00444 CASSERLY LAN OFFICE MARCH LEGAL SERVICES OOT98 -03 MARCH LEGAL SERVICES 00298 -01 MARCH LEGAL SERVICES 00298 -02 TOTAL VENDORa 2005 CHECK- PREPAID ffff F00023 FRIDLEY, CITY OF f1AM EXPENSES 00299 -02 MARCH EXPENSES 00299 -03 MARCH EXPENSES 00299-04 MARCH EXPENSES 00299 -05 MARCH EXPENSES 00299 -06 n MARIA EXPENSES 00299 -07 MARCH EXPENSES 00299 -08 6TD8ZQO.0000 6TD9200.0000 6TD9300.0000 $ 6TD8YJ0.0000 6TD81TO.0000 6TDSZk0.0000 6TD9000.0000 6TD9020.0000 6TD9050.0000 6TD9080.0000 2,817.78 DR460 -20200 2,817.78 CR460 -10100 1,106.84 DR460 -20200 1,106.84 CR460 -10100 3,924.62 873.00 DR450 -20200 873.00 CR450 -10100 2,087.90 DR460 -20200 2,087.90 CR460 -10100 530.50 DR461- 20200 530.50 CR461 -10100 3,491.40 ) 179.46 DR450 -20200 179.46 CR450 -10100 27.44 DR450-20200 27.44 CR450 -10100 1.33 DR450 -20200 1.33 CR45 -10100 450.00 DR450 -20200 450.00 CR450-10101 36.00 DR450 -20200 36.00 CR450-10100 22.22 DR450 -20200 22.22 CR450 -10100 32.40 DR450 -20200 32.40 CR450 -10100 JOB NO MESSAGES INVESTMENTS, AT COST CASH ACCOUNTS PAYABLE CASH ACCOUNTS PAYABLE CASH ACCOUNTS PAYABLE CASH ACCOUNTS PAYABLE CAI ACCOUNTS PAYABLE CASH ACCOUNTS PAYABLE CAM ACCOUNTS PAYABLE CASH ACaCCUVTS PAYABLE CASH ACCOUNTS PAYABLE CASH ACCOUNTS PAYABLE CASH ACCOUNTS PAYABLE CASH AMTS PAYABLE CASH ACCOUNTS PAYABLE CASH ACCOUNTS PAYABLE CASH DATE 04 /12/90 CITY OF FRIDLEY - HRA PAGE 2 PROGRAM P008 . CHECK REGISTER CHECK RUN BATCH # :0003 002 HRA VENDOR DISC. JOB DE;,- dIPTION INV # PO /INV # SEQ # PCNT AMOUNT ACCT NUMBER NMBR MESS MARCH EXPENSES 00299 -09 6TD90HO.CXU SM. 41 DR451 -20200 ACCOUNTS PAYABLE 338.41 CR451 -10100 CASH MARCH EXPENSES 00299 -10 6TD90XO.0000 148.20 DR455 -20200 ACCOUNTS PAYABLE 148.20 CR455 -10100 CASH MARCH EXPENSES 00299 -11 6TD9100.0000 54.08 DR455 -20200 ACCOUNTS PAYABLE 54.08 CR455 -10100 CASH MARCH EXPENSES 00299 -14 6TD9130.0000 22.50 DR455 -20200 ACCOIAVTS PAYABLE 22.50 CR455 -10100 CASH MARCH EXPENSES 00299 -12 6TD9160.0000 114.97 DR455 -20200 ACCOIANTS PAYABLE 114.97 CR455 -10100 CASH MARCH EXPENSES 00299 -13 6TD9190.0000 114.96 DR455 -20200 ACCOUINTS PAYABLE 114.96 CR455 -10100 CAM MARCH PERSONEL SERVICES 00299 -01 6TD92S0.0000 37,451.75 DR460 -20200 ACCOUNTS PAYABLE 37,451.75 CR460 -10100 CASH TOTAL VENDOR $ 38,993.72 2006 CHECK- PREPAID F00023 FRIDLEY, CITY OF R£IMB -C /C REMODLING RAMP 00304-01 6TD9000.0000 20,788.00 DR450 -20200 MINTS PAYABLE 20,783.00 CR450 -10100 CASH TOTAL. VENDOR 20,788.00 /-` 7 CHECK- PREPAID .J019 HERRICK & NEWMAN MARCH LEGAL SERVICES 00301 -01 6TD92V0.0000 1,278.90 DR460 -20200 ACCOUNTS PAYABLE 1,278.90 CR460 -10100 CASH TOTAL VENDOR $ 1,278.90 2008 CHECK- PREPAID 100049 IRJ SCHRODER BANK & TRUST ADMINISTRATION FEE 00302 -01 6TD8YDO.0000 250.00 DR381 -202U ACCOUNTS PAYABLE 250.00 C M3 1 -10100 CASH TOTAL VENDOR ff $ 250.00 2009 $ CHECK- PREPAID * *ff P00094 POPHAM, HAIK, SDINOBRICH, PROFESSIONAL SRVICES 00303 -01 6TD90U0.0000 160.00 DR455 -20200 ACGOtJNTS PAYABLE 160.00 CR455 -10100 CASH TOTAL VENDOR $ 160.00 TOTAL NUMBER OF CHECKS WRITTEN : 000000 TOTAL DOLLARS FOR CHECKS WRITTEN : $ 461,386.64 LAST CHECK NLAIRER : 001999 INFORMATION ITEMS 1-ft�, IOUSNG and REDEVELOPMENT AUTHORITY 4 COMMISSION MEMBERS: LAWRENCE COMMERS. CMARMAN MANE DRAW rRaNA SCHKABEL WALTER RASMUSSEN JOHN MEYM CITY OF FRIDLEY DATE: April 12, 1990 TO: Housing and Redevelopment Authority FROM: Jock Robertson, Executive Director of HRA SUBJECT: 57th Place Status The Pollution Control Agency informed us that they anticipate an agreement with Ashland Oil for a site clean -up by the end of this month. Following a favorable assessment of our potential legal liability by HRA legal counsel, David Newman, it would be appropriate for the HRA to review the Winfield proposal for the site. I have requested Winfield to submit a preliminary agreement or an acceptable lease commitment from their anchor tenant, Crosstown Bank (see attached letter) . Mr. Bill Fogerty informs us that Crosstown is in a better position to proceed than they were 1 1/2 years ago. Contingent upon an acceptable environmental legal exposure, we intend to update any of the specifics of the Winfield proposal and bring it back to the HRA for their consideration. JR:ls M -90 -253 EXECUTIVE DIRECTOR: JOCK ROBERTSON 9431 UNIVERSITY AVE. ($12) 571 -3450 FRIDLEY9 UN 55432 EXT. 117 OUSNG and REDEVELOPMENT AUTHOWY COMMISSION MEMBERS: 4 -A LAWMI CE COMIERS, CMAwMAN SUAlE PRAM VMGMA MINABEL WALTM RASMUSSEN JOMN MEym CITY OF FRIDLEY April 9, 1990 Mr. Bill Fogerty Winfield Developments, Inc. 1380 Energy Lane, Suite 112 St. Paul, MN 55108 RE: Winfield's Proposed Commercial Development at 57th /University Avenue N.E. Dear Mr. Fogerty: We have been informed by the State Pollution Control Agency that the environmental review process of the 57th and University Avenue site is near completion. The Agency anticipates that the Ashland Oil Company will agree to the site clean -up recommendations. Accordingly, the Fridley Housing and Redevelopment Authority (HRA) is prepared to review the Winfield redevelopment proposal for this site. 'would like to emphasize that the HRA has not received any information from Lne Agency which specifically details the proposed agreement with Ashland Oil. Before any formal agreement can be reached, the HRA needs to be assured that they will not incur any environmental liability. I would also like to remind you that it has now been almost a year and one half since the HRA reviewed this matter so there is always the possibility that they may have some new thoughts, although staff is currently unaware of anything. In order to proceed, the HRA will need a development commitment from Winfield consistent with the preliminary agreement that we reached in November 1988, which includes an acceptable lease commitment from your anchor tenant. Please inform your proposed anchor tenant, Mr. Tom Dolphin of Crosstown Bank, that upon notification that Winfield is prepared to proceed with the proposed project, the Fridley HRA will consider making the site available to Winfield. Please do not hesitate to contact me if I can provide further information and suggestions. Sincerely, Jock Robertson Executive Director of Fridley HRA JR:ls 90 172 iZECUTIVE DIRECTOR: JOCK ROBERTSON •431 UNIVERSITY AVE. (4 12) 671 -3460 FRIDLEY, SIN $6432 EXT. 1 17 r.► IOUSNG and REDEVELOPMENT AUTHORITY 5 COMMISSION MEMBERS: LAwwjjCE Commms, cHANm" MIME MAINE rM0/iA SCNNABEL WALTER RASMUEN JOHN MEYBI CITY OF FRIDLEY DATE: April 12, 1990 TO: Housing and Redevelopment Authority FROM: Jock Robertson, Executive Director of HRA SUBJECT: TCF and Skywood Mall Improvements In July 1988, the City Council granted a variance to TCF to expand their drive - through lanes based on a site plan which would use a portion of the Skywood Mall driveway. The total cost of the TCF expansion and driveway was estimated at the time to be $200,000. Of that, a preliminary agreement was worked out with Skywood Mall to pay $10,000 of that since it is on their property. Subsequently, the Skywood Mall Partnership went into receivership and they are not now willing to pay the $10,000 nor will they use operating income funds. The City Manager is meeting with the attorneys of the parties involved on Wednesday, April 18, and we anticipate we will have some updated information on this matter. There appears to be at least two options at this time: 1. The contract could be subdivided in such a way that the City could do the $30,000 of driveway work and assess $20,000 of it to TCF and $10,000 to Skywood Mall. 2. The other alternative would be for the HRA to contribute the Skywood Mall's $10,000. The justification for this use is contained in both the redevelopment plan and the tax increment plan from Redevelopment District #4. Staff will keep the HRA informed on the progress of the negotiations. JR:ls M -90 -254 EXECUTIVE DIRECTOR: JOCK ROBERTSON 6431 UNIVERSITY AVE. ($12) 571 -3450 FRIDLEY, NN 55432 EXT. 117 ti DATE: TO: FROM: SUBJECT: PLANNING DIVISION MEMORANDUM March 16, 1990 William Burns, City Manager Barbara Dacy, Planning Coordinator 5 -A Twin City Federal and Skywood Mall Improvements The City Council, as part of their authorization to extend the variance approval for one year for Twin City Federal last July, directed the City Attorney and staff to work with the Skywood Mall property owners to insure that Skywood Mall cooperates with Twin City Federal. In order to carry out the Council approved plan, Twin City Federal needs additional land area from Skywood Mall for reconstructing the 52nd Avenue driveway entrance and a joint parking area to the north of the Twin City Federal site. A median in the 52nd Avenue driveway was an original building permit stipulation on the Skywood Mall property. The variance approval in July of 1988 for Twin City Federal to expand their drive - through lanes was based on a site plan which utilized a portion of the existing driveway of the Skywood Mall to be reconstructed in order that Twin City Federal's drive - through facility would be completely separated from the existing mall driveway entrance. The total cost of the Twin City Federal expansion and drive -up facilities is approximately $200,000. Approximately $30,000 is to be spent reconstructing the 52nd Avenue driveway with a median. Twin City Federal has stated that they will pay for $20,000; however, they determined that Skywood Mall should pay the remaining $10,000 since it is on their property. Twin City Federal also is paying all of the legal fees for this project (there are at least nine attorneys involved). On November 1, 1989, we met with Twin City Federal, the Skywood Mall Partnership, 'Marquette Bank, and Towle Real Estate. The Skywood Mall Partnership stated they are not willing to pay the $10,000, nor will they use operating income funds. It was agreed at that time that the City would try to pursue recovering a $10,000 bond which was retained in 1984 for outside improvements; however, apparently, the bond was retained for improvements associated with the motel. We have determined that these improvements for the Twin City Federal and Skywood Mall March 16, 1990 Page 2 motel have been completed. It is unlikely that the City could collect the $10,000 if pursued. As is indicated in a letter from Judy McDonald from Twin City Federal on January 15, 1990, Skywood Mall will not give their approval for the necessary easements unless there is no cost to the partners or the receivership. Also, Twin City Federal must pay for all legal costs associated with the work required. The redevelopment plan and tax increment plan for the Skywood Mall property (TIF District #4) identifies as an eligible activity "development of proper traffic circulation patterns and improved ingress and egress on public and private roadways ". In fact, the tax increment plan states that "the development activities will also include traffic and street improvements in the vicinity of the intersection of 52nd Street and Central Avenue ". Apparently, the City Council and the HRA already anticipated this improvement when the original district was established. Therefore, we recommend that the City Council and the Housing & Redevelopment Authority authorize staff to begin the process to work with Twin City Federal and the Skywood Mall property to implement the construction of the 52nd Avenue entrance median. Also attached is the site plan for the Twin City Federal drive- through expansion approved in 1988. In frustration of not succeeding with the Skywood Mall partners, Twin City Federal has applied for reconsideration of its original variance request which would not use the Skywood Mall property. We recommend implementation of the plan authorized by the City Council in July of 1988. Should the City Council authorize us to proceed, we will advise Twin City Federal that their variance request is not necessary. BD /dn M -90 -192 5 -B 5 -C TCF BANK SAVINGS fsb MARQl f 11, 1- Al "EV, L • %11\ \E Ai ol-N V\ �;5 4U1 • ±7, 7tM ni January 15, 1990 Barbara Dacy City of Fridley 6431 University Ave. N.E. Fridley, MN 55432 Re: TCF Drive -up Expansion Dear Barbara, This letter is to inform you of our latest attempts to get approval from the necessary parties in order to reconfigure the entrance to the mall and our property. As you know, we have requested the city's permission to proceed with our drive -up expansion per our original plan which would not require the approval of the mall and all ^, other parties involved. This is especially true since we have been unsuccessful in all our attempts to get the necessary documents executed. The expansion to our drive -up and all other necessary changes such as paving a portion of the parking lot and re -doing a portion of the entrance to the mall will cost approximately $200,000. Approximately $30,000 of this cost is being spent on items which will benefit the mall in that the work being completed will satisfy requirement by the city of Fridley. We requested that the mall or receivorship share in a small portion of that cost. At the last meeting with the city and some of the parties involved, we agreed to pick up any costs on their share that would exceed $10,000. They are still not willing to sign the necessary documents. In addition, they have requested that TCF pay for all the attorney fees of undisclosed amounts. At the last meeting with the city it was our understanding that the city would attempt to use a $10,000 bond, which was outstanding, and if that would not work perhaps the receivorship would take it out of the operating funds. According to the city attorney, it is unlikely that the bond will be able to be used. Therefore, I approached the agent of the receivorship, Towle Co., to see if they were willing to pay the $10,000 out of operating funds. I spoke with Mike Murphy, of Towle, as Richard Ducharme was not available, and he said they were having a meeting with the parties involved regarding this issue and would get back to me the following week. He did not, and I phoned again to find out the results of the meeting. I was told there had not been a meeting -and he did not know if there would be funds available to pick up this cost. At about the same time our attorney, Fred Thorson, received a phone call from Scott Knudson, representing Marquette Bank, the first mortgagee. He stated that his understanding from the meeting with the city and TCF, was that TCF would pick up the $10,000 cost if the city was unable to collect on the bond. He said the only way Marquette will give their They approval are no cost to them or thehcityctov p. place They any assessments on the property. Our final conclusion is that unless TCF is willing to pay for all costs associated with the work required on the roadway and all legal fees for all parties involved, they will not give the necessary approvals. Therefore, we believe the only way for us to accomplish our drive -up expansion is to return to our original plan which would only use our own property and would not require approvals from all these parties involved. We thank you for your cooperation in this matter and we are still willing to work with the city and others, even though we have been stopped at every attempt to resolve this matter in an equitable manner. I look forward to hearing from you in regard to this matter. Sincerely, Jud� McDonald Corporate Real Estate (612) 370 -7081 cc: F. Thorson B. Galush T. Ogaard 5 -D pzm 5-E assessed valuation. Included is also a very general antici- pated captured assessed value at the completion of all phases in the district. It is the intent of the Housing and Redevelopment Auth- ority to promote industrial /commercial development in_Phases II, III, IV and V, which will be consistent to existing development in the general area and the overall City Com- prehensive Plan. Public improvements to these phases will include soil correction work, drainage district improvement costs, inter- section and street improvement to adequately handle traffic general, utility and public right -of -way improvements. TAX INCREMENT FINANCING DISTRICTS NO. 4 AND 5 (See attached T.I.F. Plans) Subsection 1.10. Public Improvements and Facilites Within Redevelopment Project No. 1. Publicly financed im- provements within Redevelopment Project No. 1 include but are not limited to: a. The acquisition and sale and /or lease of the parcels identified in Subsection 1.7. hereof; b. Soil corrections, including excavation and backfill; C. Installation and /or upgrading of utili- ties and other public improvements; d. Development of proper traffic circulation '�� patterns and improved ingress and egress on public and private roadways; e. Funding of the Reserve Program; and f. Other authorized uses as provided by State law. Subsection 1.11. Environmental Controls. The proposed development in Redevelopment Project No. 1 does not present significant environmental concerns. All municipal actions, public improvements and private development shall be carried out in a manner consistent with existing environmental stan- dards. Subsection 1.12. Proposed Reuse of Property. The pub- lic improvements neede to ring about development and rede- velopment as set forth in Subsection 1.9. above include acquisition and sale of land, relocation of existing public improvements, demolition and site improvements. 1 - 15 3. Des on of Tax Inc Increment District legally described in made a part hereof. shall consist Or Exhibit At which is �5y(jBI �r/ 7701V -oT&/&PQ&�VrPbfA/ iistrict. The Tax 5 -F the real property attached hereto and 4. Statement of Objectives. The objectives-which and Authority seeks to realize or encourage by adoption implementation of the Redevelopment District. Redevelopment rict and Plan are stated in Plan, and the Tax Increment Dist nt Plan and include without Subsection 1.5 of the Redevelopme limitation the encouragement of desirable development in within the City, the increase in employment Opportunities City, the increase of the tax base of the City, the encou- ragement of orderly planning and commercial expansion, the promotion of sound u and other development, of tf financial land ment of funding systems other assistance needed to realize such goals. 5. Development Program and Activities. The general development program is stated in Subsections 1.2 through 1.15 of the Redevelopment Plan. The development activities which the Authority proposes to undertake within the Tax Increment District include the development of certain pro- perty within the Tax Increment district as a commercial printing and packaging facility (the "Contract Project "). The Authority has consummated a certain Contract for Private Development, dated October 14, 1983 (the "Contract "), Frank Shear Associates, a Minnesota general partnership, concerning the Contract Project. Under the Contract, the Authority will acquire and convey to Frank Shear Associates the property within the Tax Increment District which is legally described in the Contract. The public cost to the Authority under the Contract is estimated to be $30,000 (the "Contract Project Costs "), and the expected date of comple- tion of the Contract Project is no later than 18 months after the date of execution thereof. The development activities will also include traffic and street improve eats In the vicinit of the me s c ion o e en ra venue ortheast the "Street m r in of the IDB 4: A eve opmen active ies a so include the un g Account, a security reserve fund for the Authority's Common Bond Fund for the ultimate f promotion and Redevelopment Plane emet of the goals and objectives 6. Estimated Costs. The estimated costs of the acti- vities to be undertaken and financed within and under the Tax Increment District and Plan (collectively, the "Esti- mated Project costs w) are $30,000 Contract Project Costs; plus an estimated $35,000 for Street Improvement costs; plus administration expenses, presently estimated not to exceed $250,000; plus the remaining tax increments to be generated by the Tax Increment ncre ents") , District to be used to fund, whether duration (the "Reserve I by - 2 - 5205 Gentrai 1`� 1 • _02 5 -G 11H 111111 _I fk%J r�sc M �pepw rw O f W6 r¢.+ rrs AREA &Or& r,.%rJ CONCWRW -PLAN APPROVED BY OOUNCL JLLY 11, 1988 FUTURE PARKING LOT EXPANSION I 5-H PI.)\/ ("� 9)eoAchitx%,lr)c. A PRELIMINARY SITE PLAN fill Nov. r L 7 I 5-H PI.)\/ ("� 9)eoAchitx%,lr)c. A PRELIMINARY SITE PLAN A OUSNG and REDEVELOPMENT AUTHORITY COMMISSION MEMBERS: 6 LAMIIENCE COMMERS, CHAPMAN MANE DRAW VO GINIA SCHNASEL WALTER RASMUSSEN JOHN MEYER CITY OF FRIDLEY DATE: April 12, 1990 TO: Housing and Redevelopment Authority FROM: Jock Robertson, Executive Director of HRA SUBJECT: 1990 -1991 HRA Objectives and Activities At the last meeting, I distributed copies of the proposed HRA objectives and activities for both the revised 1990 work program and for 1991. The major change is to give high priority in 1990 for a business retention program in which we would identify a priority list of businesses to be contacted by the staff to ascertain their present needs and if there is a need for city assistance to retain the tax base jobs. This activity will use the data base of the business directory which was produced in 1989. Please give us your comments on needs, priorities, additions, or deletions. The Council will find them very useful in the 1991 budgeting process. 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W •• O V d H N -1-4104 U b b- > O U •J V d 3 •d O Cl -r1 V H > V O P 14 "-1 O O W W O 4-) 9: •r1 1~ 14 b td -H ON ON j 4 H 4) chi 1~ pi W U 144 b Ow N 0% > O C to 1.1 O ed Cl O ° Z.0 p° z $4 o .rn 0) � r. :~ � ra b A w PH 0 0 0 v •V r. •� O • bN O H LW u n •r1 z 4 H 1d (d N x 1d r) 1d 6 -F -,unroF FRIDLEY n PLANNING DIVISION MEMORANDUM DATE: March 29, 1990 TO: William Burns, City Manager FROM: Barbara Dacy, Planning Coordinator SUBJECT: Neighborhood Meeting for 10,000 Auto Parts Redevelopment Site; Fridley Town Square Urban Commercial Developers conducted another neighborhood meeting on Tuesday, March 27, 1990. Approximately 80 letters to area homeowners were sent and approximately 35 persons attended. Scott Erikson, Frank Reese, and Tom Schuette, reviewed the revised site plan showing additional landscaping and setbacks along 66th Avenue and along Mississippi Street. The homeowners had the following comments: 1. The homeowners to the north on 66th Avenue and immediately to the east of the development asked the developer to evaluate constructing some type of a berm or hill to place the wall on to elevate the wall height. 2. A number of questions were asked about the length of the tenant leases and the types of uses to be located in the building. 3. The homeowners questioned the longevity of the building materials and the procedures to maintain the property. 4. Some homeowners continued to express their feeling that there is no need for additional commercial in this area. 5. A majority of the homeowners indicated by a show of hands that they would prefer a Light Rail Transit parking lot at that location rather than commercial development. Although it was explained that the area has been included in the redevelopment plan since 1979, the homeowners felt that preservation of the neighborhood should take precedence. 6. A significant portion of the meeting dealt with the traffic issues and the ability to move in an out of the site, especially the left turn movement into the site and the east bound movement out of the site. Fridley Town Square March 29, 1990 Page 2 A number of persons after the meeting stated that the revised site plan improved the compatibility with the neighborhood; however, the homeowners continued to object to the use of the property as commercial. BD /dn / cc: Housing & Redevelopment Authority ✓ Planning Commission M -90 -208 unoF FRIDLEY DATE: TO: FROM: SUBJECT: PLANNING DIVISION MEMORANDUM March 19, 1990 William Burns, City Manager Barbara Dacy, Planning Coordinator Status of Osborne Crossings Development Proposal Jerry Farrell contacted me today and advised me that he could not receive financing for the Osborne Crossings project. Farrell noted that he had 70% of the retail space pre- leased (this is a good indication of the market interest given the recent debate of whether or not the Urban Commercial Developer's project would survive) . Farrell stated that the commercial banks wanted projects that did not have any risk and a developen that has a longer track record than his. He stated that the banks determined that the theater was too risky in a soft market. Farrell stated that the owners of the building were seeking potential tenants for lease -up of the existing building. We will be contacting the representative of the building owner to insure that he is aware of our development requirements. Farrell is closing the SBF Development office and is seeking employment. BD /dn cc: Housing & Redevelopment Authority packet c� Planning Commission packet M -90 -195 TO: FRIDLEY H.R.A. FROM: CITY OF FRIDLEY RE: BILLING FOR OPERATING EXPENSES FOR MARCH, 1990 AND FIRST QUARTER 1990 ADMINISTR.ATTVE E&PENSES FIRST QUARTER ADMINISTRATIVE BILLING 37,451.75 37,451.75 OPERATING EXPENSES: FRAMED PICTURES I79.46 POSTAGE 27.44 LONG DISTANCE 1.33 REGISTRATION - ROBERTS 450.00 BX -LtiNCHES (8) T 36.00 DELIVERY SERVICE 22.22 DELIVERY SERVICE 32.40 FIXTURE & GLOBES FOR LIGHTS 338.41 BID NOTICE - LAKE POINTE MAINTENANCE 148.20 BID NOTICE - LAKE POI,NTE MAINTENANCE 54.08 /) ELECTRICITY 114.97 ELECTRICITY 114.96 BOX LUNCHES (5)._ 22.50 TOTAL EXPENDITURES FOR MARCH $1,541.97 TOTAL EXPENDITURES $38,993.72 V: M = r �3Ii II 2Z_ 3 3icS Lon 0;5nc 30 ITO i „ f �!V7 .Fleclf�� -i 37 37 37 2011 21 JI Ili -- -- ----- - - -- -- 24 25; - - - - -- -- - - - ' �___ 2911 i �;,320 Y,272 0 Vz 7 0. yzyoo yayZ �z38o }23 $d Y-2 370