HRA 06/21/1990 - 6390HOUSING AND REDEVELOPMENT AUTHORITY
MEETING, THURSDAYr JUNE 21v 1990
7:00 P.M.
WILLIAM BUINS
t
CITY OF FRIDLEY
A G E N D A
HOUSING & REDEVELOPMENT AUTHORITY MEETING
THURSDAY, JUNE 21, 1990, 7:00 P.M.
Location: City Council Chambers
Fridley Municipal Center
6431 University Avenue N.E.
CALL TO ORDER:
ROLL CALL:
APPROVAL OF MINUTES:' May 10, 1990
ACTION ITEMS:
CRAMPTON REQUEST FOR SECOND MORTGAGE LOSS MAKE -UP. . . . .1 - 1F
EXTENSION OF HOLD HARMLESS AGREEMENT WITH WOODBRIDGE . . .2 - 2B
ELECTRICITY BILLING FOR LAKE POINTE . .. . . . . . . . . .3 - 3B
AGREEMENT TO REFUND TIF /SCHOOL REFERENDUM LEVIES
TO SCHOOL DISTRICTS #11, #13, #14, AND #16 . . . . . . . .4 - 4HH
ESTIMATES: . . . . . . . . . . . . . . . . . . . . . . . . 5
NATURAL GREEN, INC. (LAKE POINTE MAINTENANCE) . . . .6
TALBERG LAWN & LANDSCAPE (LAKE POINTE MAINTENANCE). .7 - 7A
W. B. MILLER, INC. (FLATEN PROPERTY) . . . . . . . . .8
ACCESS CONTROL TECHNOLOGIES (RAMP SECURITY) . . . . .9
CLAIMS. . . . . . . . . . . . . . . . . . . . . . . . . .10
INFORMATION ITEMS:
UPDATE ON MANAGEMENT CONTRACT
FOR RICE PLAZA SHOPPING CENTER . . . . . . . . . . . . . 11
STATUS OF PROPOSED LEASE SECURITY FOR PAPPY'S FOODS . . .12
SUMMARY OF DEVELOPER CONTACTS (Memo in packet) . . . . . .13
OTHER BUSINESS
ADJOURNMENT
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CITY OF FRIDLEY
HOUSING & REDEVELOPMENT AUTHORITY MEETING# MAY 10# 1990
CALL TO —ORDER-'
Chairperson Commers called the May 10, 1990, Housing and
Redevelopment Authority meeting to order at 7:10 p.m.
ROLL CALL:
Members Present: Larry Commers, Virginia Schnabel, John Meyer,
Walter Rasmussen
Members Absent: Duane Prairie
Others Present: Jock Robertson, Executive Director of HRA
Rick Pribyl, Finance Director
Dave Newman, HRA Attorney
Paul Hansen, Accountant
Pat Pelstring, BDS /Pappy's Foods, Inc.
Keith Warner, Pappy's Foods, Inc.
APPROVAL OF APRIL 18 1990 HOUSING & REDEVELOPMENT AUTHORITY
,—� MINUTES•
MOTION by Mr. Rasmussen, seconded by Ms. Schnabel, to approve the
April 18, 1990, Housing & Redevelopment Authority minutes as
written.
UPON A VOICE VOTE, ALL VOTING AYE. CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY.
ACTION ITEMS•
1. ACQUISITION OF RICE PLAZA CENTER:
Mr. Commers stated the HRA members had received a copy of the draft
purchase agreement.
Mr. Robertson stated that in the HRA packet, the HRA had received
a letter from Dave Newman dated May 4, 1990, indicating the
purchase price of $1,004,000, and indicating that the MAI appraiser
was comfortable that the price was within the range of fair market
value. Mr. Newman has subsequently been working with Mr. Levy.
They have gone through two drafts of the purchase agreement, and
Mr. Levy essentially agrees with the draft purchase agreement
handed out at the meeting.
HOUSING AND REDEVELOPMENT AUTHORITY MTG., MAY 10. 1990 - PAGE 2
Mr. Newman stated that at the March meeting, the HRA authorized
staff to obtain an appraisal on the property to determine the
market value of the property. The City hired Dennis Taylor, an MIA
appraiser. Mr. Taylor inspected the site and met with Mr. Levy.
Due to some time constraints and cost considerations, he asked Mr.
Taylor to provide him with a verbal report after Mr. Taylor had
done his analysis to see if they had sufficient information to
proceed without any further delays. About two weeks ago, he met
with Mr. Taylor and went through his report.
Mr. Newman stated Mr. Taylor did a couple of different analyses.
Mr. Taylor looked at the site from the viewpoint of how to maximize
the profit. He broke the property into three parcels: (1) the
shopping center (stand alone); (2) the parcel behind the shopping
center; and (3) the parcel to the west. He then did comparable
values of those properties as raw land. Mr. Taylor's estimate of
the market value was approximately $1 million and he indicated that
would be a plus or minus 10%. With that information, Mr. Newman
started discussions with Mr. Levy. Mr. Levy agreed on the
$1,004,000 based on other offers he has received. Based on the
information staff has received from Mr. Taylor, staff feels
comfortable that this is a fair price for the property and what the
property is worth.
Mr. Newman stated the purchase agreement is fairly straightforward.
It calls for a closing on July 20, 1990. It will be a cash sale.
There are the standard warranties. The HRA will be assuming the
leases and any liabilities in assuming those leases. The only
contingency he put in is that he feels it is incumbent upon the HRA
to obtain a phase I environmental audit. They have until the end
of June to have that audit done and completed. If there are no
problems, they can proceed with the closing on July 20. The two
things they want to look at with the environmental audit are
asbestos and PCB's. Otherwise, the environmental audit is a fairly
standard transaction.
Mr. Newman staff is recommending that the HRA approve the purchase
agreement and authorize staff to engage in a phase I environmental
audit.
Mr. Meyer asked how the HRA is going to manage the shopping center.
What happens when they become landlords?
Mr. Newman stated staff has not formalized that approach yet. He
planned to bring a formal proposal for managing the center to the
HRA at the June meeting. From staff's point of view, it might make
sense to hire a management company to collect rents and maintain
the center.
Ms. Schnabel asked about the status of the leases.
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ODSING AND REDEVELOPMENT AUTHORITY MTG. , MAY 10 1990 - PAGE 3
Mr. Newman stated that a couple of leases expire this summer, a
couple expire in 1991, one expires in 1992, and one expires in
1993.
Mr. Robertson stated that he and Mr. Newman have discussed the
status of the leases a little bit. They think the objective of a
short range management policy should be to keep the center
operating with as few vacancies as possible. By doing that, they
could be easier on the lease rates rather than the normal
management philosophy. It would be an advantage to keep the
tenants on as many short term renewable leases as possible.
Mr. Commers stated that he thought the HRA could require the
tenants, for the right to remain in the center, to waive any claim
to relocation costs. He asked Mr. Newman to check into the
legality of that.
Mr. Rasmussen stated he is concerned about the price. The real
estate market is down right now, and, in his opinion, he thought
a price around $3/4 million would have been more in line with the
present market. However, he also.realized the importance of the
HRA getting control of the land.
Mr. Meyer stated that when the HRA has control of the property, he
..� can envision leases not being renewed by the present tenants.
Mr. Newman stated he thought most of the tenants know that the HRA
has been considering this site for redevelopment for some time and
yet they have continued to renew their leases. The last time staff
checked the rents, the tenants were renting at a low market value
so there was the inducement of lower rents.
MOTION by Ms. Schnabel, seconded by Mr. Meyer, to authorize staff
to proceed with the Purchase Agreement between the Housing and
Redevelopment Authority and Rice Plaza.
Ms. Schnabel stated she agreed with Mr. Rasmussen in that she also
thought the purchase price is a little high. By the same token,
she felt that based on what they have heard and what staff has
recommended, it is probably wise to gain control of the property
as soon as possible. The HRA needs to have control of that
property if they want the type and quality of development they have
discussed. She thought the time has come to proceed with the
purchase.
Mr. Rasmussen asked if there was a prospective developer.
Mr. Robertson stated staff has several prospects, and staff will
have additional information at future meetings.
UPON A VOICE VOTE# RASMUSSEN VOTING NAY, CHAIRPERSON COMMERS
DECLARED THE MOTION CARRIED BY A VOTE OF 3 -1.
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HOUSING AND REDEVELOPMENT AUTHORITY MTG., MAY 10, 1990 - PAGE 4
Mr. Newman stated staff would also recommend the HRA authorize
staff to procure a phase I environmental audit. Normally, the cost
for such an audit is around $2,500. In this case, there might be
some additional work involved, but he did not think the cost would
exceed $5,000.
MOTION by Ms. Schnabel, seconded by Mr. Meyer, to authorize staff
to proceed with procuring a phase I environmental audit for Rice
Plaza.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY-
2. PAPPY'S FOODS, INC.:
Mr. Robertson stated Mr. Keith Warner of Pappy's Foods, Inc., a
Fridley business, and Mr. Pat Pelstring of BDS, Pappy's financial
consultant, were in the audience. Mr. Robertson stated he asked
them to come to the meeting to give some background information on
a project staff has been working on with them for about one month.
Mr. Robertson stated Pappy's Foods, Inc., a Fridley business is
outgrowing their leased space on Beech Street in the North
Industrial Area. Their sales have grown from approximately
$900,000 in 1982 to about $3 million this year. Two years ago,
they almost tripled the size of the company with the acquisition
of a bakery chain in Iowa and Illinois. Pappy's is seeking to
expand their facility and, in the course of this, wish to acquire
additional bakery equipment. If they acquire this equipment, they
anticipate that they will also secure additional business of at
least $2,000,000. Mr. Warner approached the City about one month
ago stating that he would appreciate any assistance the City could
give him in finding a larger facility in Fridley.
Mr. Robertson stated Pappy's present financial structure is
extended to the point where they are not able to build a new
building or purchase one. The HRA's primary means of assistance,
of course, would be through the tax increment financing if they
were able to build a new building. That is not possible in this
case. He stated he then turned to the Anoka County Economic
Development Partnership who is the chief source of financial aid
beyond tax increment financing. After several meetings, they came
up with the proposal that is outlined in Dave Newman's letter to
him dated May 10, 1990.
Mr. Robertson stated Pappy's has a building in mind in Fridley.
There is a third party that would purchase the building and lease
it to Pappy's. They also have the possibility of purchasing about
$2,000,000 of used bakery equipment for about $600,000. If they
are able to purchase this equipment, they would secure at least
$2,000,000 of additional business. Pappy's only needs about half
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HOUSING AND REDEVELOPMENT AUTHORITY MTG.. MAY 10, 1990 - PAGE 5
of that equipment. It appears there might be an arrangement
whereby the equipment would be purchased by a leasing company that
is experienced in handling this equipment and lease back to Pappy's
the portion they need. One way the HRA might assist with this
package would be to place a bond on that leasehold equipment for
the length of the lease, about 5 years. This would be an interest
bearing account of approximately $100,000 placed in escrow.
Mr. Robertson stated that at this time, staff is asking the HRA to
authorize staff to proceed to see how they might structure this
package and to bring back further information to the June HRA
meeting.
Mr. Keith Warner stated the company was founded in 1966 in Brooklyn
Center. He bought the company in 1982. They did acquire a family -
owned business in Illinois and Iowa two years ago. They have out-
grown their space and the time has now come to seek new space.
Their lease is up and the opportunity of obtaining the used bakery
equipment has come up. It will upgrade their existing equipment,
and it will add employees and guarantee another $2,000,000 in
business for their company.
Mr. Commers stated that it was his understanding that Pappy's wants
to acquire this equipment by leasing it; but since they do not need
--� all the equipment, are they going to sell a portion of it and use
that to reduce the lease?
111'1
Mr. Warner stated, yes, that would be the best approach. They have
a company who will be assisting them. He stated there will be some
additional costs in relocating, refurbishing, and getting the
equipment operating.
Mr. Commers stated this is something the HRA has never done before,
but it seemed appropriate for the HRA to authorize staff to proceed
with discussions with Pappy's to see if some satisfactory arrange-
ments can be made.
Mr. Pelstring stated there is a lot of work to be done, and they
also understand that this is an approach the HRA has not looked at
before. It was a proposal borne out of frustration because tax
increment financing, which is the principal tool the HRA works
with, really does not apply very often in these types of cases.
He has been involved in a couple of similar projects that were
similar with other HRA's which involved assisting secure lease
transactions. Mr. Jim O'Meara, Bond Counsel for the Fridley HRA,
thought this would be feasible as far as the use of HRA funds. He
stated the justification for this assistance is over and above the
equipment involved. The company will be bringing additional jobs
into the City and will be creating other economic benefits within
the City.
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HOUSING AND REDEVELOPMENT AUTHORITY MTG. , MAY 10 1990 - PAGE 6
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Mr. Robertson stated that if the HRA does approve this proposal,
they will start the process of enlarging the Onan redevelopment
project area to include this property, approximately a 45 day
process, recommended by Jim O'Meara, so there would be no question
of using $100,000 for the expanded business on the new site.
It was the consensus of the HRA members present to authorize staff
to initiate discussion with Pappy's Foods, Inc., in order to see
if a satisfactory arrangements can be made regarding assistance for
Pappy's Foods, Inc., as proposed.
3. CONSIDERATION OF 1990 -91 OBJECTIVES AND ACTIVITIES:
Mr. Robertson stated that last year, the City Manager, William
Burns started a more explicit open budget preparation process.
Each City department prepares a statement of objectives and
activities for 1990 -91. He stated the City Council has reviewed
these objectives and activities and they feel some of the
objectives and activities are important enough to move to 1990-
After the review of market information, the Council has also
recommended some others originally targeted for 1990 become longer
range projects.
Mr. Robertson reviewed the major objectives for the next 1 1/2
years asking for comments and a general approval from the HRA. He
stated these are also outlined in his memo to the HRA dated May 2,
1990, regarding °1990 -91 Objectives and Activities".
A. Develop and test a tax increment financing assisted
rehabilitation program for single and multi - family housing as
part of a comprehensive strategy to improve housing condition.
Move from 1991 to 1990.
B. Help developer resolve Lake Pointe development agreement for
a 1991 construction start. This was moved from 1990 to 1991
based on the projected market conditions for 1990.
C. Conclude development agreement for 1991 construction start on
the southwest quadrant of University Avenue and Mississippi
Street. This was moved from early 1991 to mid -1990.
D. Develop and implement a business retention program. Moved
from early 1991 to mid -1990.
E. If Onan Corporation is prepared to proceed, conclude a
development agreement for a 1991 construction start in TIF
District No. 9 starting in February 1991.
Mr. Robertson stated he would welcome any comments from the HRA
and would like the HRA to approve of the changes from 1990 to 1991
and 1991 to 1990 as a general approval of his work program for 1990
and the budget proposals for 1991. He would add that these are
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HOUSING AND REDEVELOPMENT AUTHORITY MTG., MAY 10, 1990 - PAGE 7
just the core activities of which they can be proactive. Staff is
always reactive when other opportunities present themselves.
Ms. Schnabel stated she had reviewed these and felt each of the
changes were valid.
Mr. Meyer asked why the City feels a rehab program is necessary
for single and multi - family housing.
Mr. Robertson stated the City Council feels (and he agreed also)
that a lot of the older housing stock in the City of Fridley is
nearing the end of its life cycle. The Council is concerned that
the City should become more proactive in looking at what can be
done to rehab some of that older housing stock, rather than letting
it deteriorate to the point where it becomes operated as income
properties with absentee landlords, which is another way the market
responds to that situation.
MOTION by Mr. Meyer, seconded by Ms. Schnabel, to approve these
1990 -91 objectives and activities to be incorporated into the 1990-
91 work program and budget.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON CONNERS DECLARED
THE MOTION CARRIED UNANIMOUSLY.
4. ESTIMATE - MTI DISTRIBUTING COMPANY (LAKE POINTE MAINTENANCE) :
Mr. Robertson stated this estimate is for sprinkler heads for the
temporary irrigation system at Lake Pointe. Some of the sprinkler
heads have been damaged during regular maintenance and by
vandalism.
NOTION by Ms. Schnabel, seconded by Mr. Meyer, to approve the
payment to MTI Distributing Company for Lake Pointe maintenance in
the amount of $411,56.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY.
5. ESTIMATE - TALBERG LAWN & LANDSCAPE (LAKE POINTE MAINTENANCE):
Mr. Robertson stated this is for payment on the current maintenance
agreement.
NOTION by Ms. Schnabel, seconded by Mr. Meyer, to approve the
payment to Talberg Lawn and Landscape for Lake Pointe maintenance
in the amount of $4,458.22.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON CONNERS DECLARED
THE MOTION CARRIED UNANIMOUSLY.
HOUSING AND REDEVELOPMENT AUTHORITY MTG.. MAY 10. 1990 - PAGE 8
6. CLAIMS (2010 - 2017):
MOTION by Ms. Schnabel, seconded by Mr. Rasmussen, to approve the
check register dated May 10, 1990.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON CONNERS DECLARED
THE MOTION CARRIED UNANIMOUSLY.
INFORMATION ITEMS:
7. 1990 OUARTERLY WORK PROGRAM:
Mr. Robertson stated this is an outline of the HRA /Economic
Development work tasks through June and a 1990 summary chart based
on the City Council priorities discussed earlier.
8. UPDATED 1990 PROJECT BUDGET:
Mr. Robertson stated that because the Legislature was acting on
it, up to now he has deferred preparing drafts objectives and
policies for use of tax increment. financing. His work plan now,
based on the new legislation, is to prepare these drafts and bring
them to the HRA for review in May and June 1990, get the HRA's
input and City Council's input, and bring the drafts back to the
HRA in July and August for adoption. He stated he could include
some alternatives in that draft also.
Mr. Commers stated the "Outline of 1990 HRA Budget" sheets listing
projects, assistance type, expense, and revenue source did not
appear to him to be a "budget ".
Mr. Pribyl stated he thought of this 1990 HRA budget as an outline
for staff direction and information to the HRA as far as some of
the fixed costs associated with the administration and possibly
some guidance as to some potential projects that are coming up in
the future.
Mr. Robertson stated it is really a list of potential projects for
the next several years, and they can take the TIF policies and
drafts and use them to evaluate these projects. He agreed with Mr.
Commers that it probably should not be called a 1990 HRA budget.
Maybe it should be called a project budget.
9. ELECTRICITY BILLINGS TO HRA:
Mr. Pribyl stated that at the last meeting, the HRA had inquired
about the electricity bills to the HRA for the street lighting at
Lake Pointe. Included in the agenda was a definition of that
electric bill.
Mr. Commers stated he questioned whether the HRA should be paying
for this electricity. The HRA paid for the actual installation,
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OUSING AND REDEVELOPMENT AUTHORITY MTG. , MAY 10 1990 - PAGE 9
but he did not think they were supposed to pay for the ongoing
electricity bills.
Mr. Pribyl stated that he would check into this and provide some
more information regarding the electrical billings at the next
meeting.
10. COMPREHENSIVE PLAN UPDATE: OUTLINE AND SCHEDULE
Mr. Robertson stated this was in response to several inquiries by
HRA members about where the City is in the overall comprehensive
plan. Included in the agenda packet was an outline of what will
be in the Comprehensive Plan, the approximate schedule for its
preparation, and when the HRA will receive drafts of these policies
for review and comment before going on to City Council.
Mr. Robertson stated that up until now, the City Council has said
that they want to review the outline and schedule even before it
goes to the advisory commissions for drafting and before coming
back the HRA for comments, and then to the Council for action.
11. 57TH PLACE STATUS:
Mr. Robertson stated that Jim Casserly, William Burns, and he met
with representatives of Winfield Development. At this meeting,
Winfield indicated that their anchor tenant is indeed interested
in proceeding with the proposed project. Winfield is waiting for
the details of the clean -up agreement between the Pollution Control
Agency (PCA) and Rapid Oil. Rob Goltz, the Project Manager for
contaminated sites, has left the PCA, and the staff hydrologist in
charge had indicated a need for additional information from Delta
Environmental, Rapid Oil's consultant. He was able to confirm on
Wednesday, May 9, that Delta Environmental has furnished the
information that the PCA requested, so the ball is back in the
PCA's court once again. He is hoping to have information on that
agreement by the end of May.
Mr. Robertson stated the City Manager, William Burns, asked
Winfield if they would be interested in furnishing a municipal
liquor store as part of that overall redevelopment project. They
gave at least a preliminary agreement that they would like to look
at that. Details of how this might work have not even been
approached. A telephone survey will be conducted later in May that
will mention will be included in that liquor tephone survey.
the
57th Place location
ADJOURNMENT:
MOTION by Mr. Rasmussen, seconded by Mr. Meyer, to adjourn the
meeting. clard then May 10, voice
Rousing voting
and RedeveloChairperson
ment oAuthority
de
meeting adjourned at 9:00 p.m.
Res ectfully Svbmittad
Lyn Saba, Recording Secretary
ACTION ITEMS
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HOUSING and REDEVELOPMENT AUTHORITY
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COMMISSION MEMBERS: -LAWRENCE COMMERS,CHARMAN
DUANE PRARE VOCNIA SCHNABEL WADER RASMUSSEN JOHN MEYER
CITY OF FRIDLEY
DATE: June 12, 1990
TO: Housing and Redevelopment Authority
FROM: Jock Robertson, Executive Director of HRA
SUBJECT: Crampton Request for Second Mortgage Loss Makeup
On June 4, 1990, we received a request from Rosemarie Crampton,
widow of Brian Crampton, to forgive the remaining estimated $2,400
of the ten year second mortgage that the HRA has on that property.
As you remember, these are HUD funds that the HRA used to assist
about ten first -time homeowners over the last decade. Mrs.
Crampton indicates that she wishes to move to another school
district in order that special education teacher and aide can be
provided for their disabled child.
In reviewing the program, it was clearly the HRA's original intent
that the program would not be used to realize undue profits on the
affected properties. Subsequently, on several occasions, the HRA
reviewed this program, specifically for the Cramptons, and decided
to reaffirm the original the policy that no windfall benefit would
be granted. (See attachments.)
It would appear from the records that when the house was completed
in 1983, the market value of the property was appraised by the City
at $64,200. Mrs. Crampton has a purchase agreement for $74,000.
We would recommend that there be no forgiveness unless it can be
demonstrated that Mrs. Crampton received a loss upon the sale of
the property. In this way, the HRA would not give any windfall
benefit.
JR:ls
M -90 -407
EXECUTIVE DIRECTOR: JOCK ROBERTSON 6431 UNIVERSITY AVE. (IS 12) 871 -3450
FRIDLEY, MN 55432
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4.
Mr. Paschke showed the M)A the building plans.
Mr. Commers stated the a were some things here that were real
premature —in terms of tine HRA determining what to do.
Mr. Faschke stated that bef a he goes ahead and spends a lot more money,
he needed to have some indi tion from the HRA that they would-be willing
to give him some assistance. If it was not feasible, he wanted to know
that.
Mr. Gommers stated it was hard for the HRA to make that determination at
this time. It was something Paschke would have to work out with
Staff and then Staff should oom back with some kind of recommendation
and the basis for that recvmnen tion.
Mr. Meyer stated that if the HRA' guideline is to contribute 10% to the
cost of the soil correction, woul that be enough assistance?
Mr. Paschke stated that was what h needed to know. If everything is
agreeable to both the City and h' lf, he would like to know what the
maximum was that the HRA would con 'bute.
Ms. Schnabel stated she felt they sh d get a collar figure and get that
settled ahead of time so they do not un into some of the same problems
they have had with the Lake Pointe roj ect. She was not opposed to
providing some type of assistance to . Paschke, but she would like to
see the f iral ized plans and have some ' gures generated.
Mr. Paschke stated he would get togeth r with Staff and come up with
something reasonable.
Mr. Coamers stated the HRA was willing o try to participate in some
meaningful manner, but since this was the irst time they had heard about
this project, it was difficult to put a dol ar amount on the assistance
at this time. He would recmnenend Mr. Pasch work with Staff between now
and the January meeting, and then Staff can give the HRA an update at the
next meeting.
Mr. Robertson stated that at the October meeting, the HRA had asked Staff
to give the HRA some background information on this. No action was
required at this meeting. 7he HRA could consider staying with the HRA's
policy as indicated in W. Newman's letter dated May 6, 1986, or they
could change the policy.
Mr. Coroners stated that Mr. Robertson had indicated in his memo to the
HRA dated Dec. 4, 1987, that there were still seven homes with
outstanding mortgages. He felt there were more than seven homes lef t.
He thought they had had. between 10 -15 hones at one point under this
program. What has happened to the other hones he did not know, but he
knew they have not made any other concessions.
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Ms. Schnabel stated that of the homes that might have been sold, could
they have been sold before the ten year period was up?
Mr. Newman stated the only way they could find out would be by checking
the County records. He supposed a home could have been sold without the
City knowing it.
Ms. Schnabel stated that over the 10 year period of time, what happens if
a house was "trashed" so the value goes way down? Does the HRA have any
control over that kind of thing?
Mr. Newman stated, no, the BRA would have no control over that.
MOTT N by Mr. Meyer, seconded by Mr. Prairie, to reaffirm the policy made
by the HRA with respect to the Large Family Home Assistance Program.
UPON A VOICE VOTE, ALL VOTIM AYE, CHAIRPERSON COMMERS DECLARED THE
NDTIDN CARRIED UNANIIWSLY.
Mr. Comers stated that in a HRA agenda was a letter to the HRA f rpm
Jock Robertson regarding thi item.
Mr. Comers stated the issue as whether a claim should be made against
Subterranean at this time for what might be considered negligence on
their part in their initial re its and the initial way they did the job.
Mr. Meyer stated he was satisf ieV with the explanations on the part of
the various people from Sunde gineering on whether they have kept
things separate, and even Subterr neap's, except for this last point.
9here seemed to be a lot of other ings involved besides Subterranean's
testimony.
Mr. Prairie stated Subterranean migh have done an unsatisfactory job,
but he would hesitate their pursuing this with a lawsuit. He did not
think that was a meaningful way to lve a lot of things. The best
solution might be just not to use the rvices of Subterranean anymore.
Mr. Meyer stated he would agree with
Ms. Schnabel stated the fact that there akready has been an arbitration
board involved has a tremendous impact on hat the HRH's chances would be
in a lawsuit.
W. Comers asked if Staff had approached S terranean regarding these
mistakes and asked whether Subterranean coul accomnodate the HRA in some
manner.
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W. Robertson stated they had not.
Mr. Prairie stated that might be a good thing to \do.
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HOUSING & REDEVELOPNENT AUTHORITY MEETING, JUNE 12, 1980 PAGE 2
2. LARGE FAMILY HOME OWNERSHIP PROGRAM:
A. Approve Demolition Contract for Removing Structure at
5832 University Ave. N.E. 01
Mr. Boardman stated he would like the approval of the Authority to
enter into a contract for demolition on the Johnson property at
5832 University Ave. N.E. The bids that came in were $2,100 by
Boland Construction and $1,400 by Herbst Construction. He stated
they advertised to try to sell the garage on that property, but did
not receive any response, so the garage will be torn down also.
MOTION by Mr. Prairie, seconded by Ms. Svendsen, to approve the
Contract for Demolition with Herbst Construction Co. for $1,400
for the structure demolition at 5832 University Ave. N.E., including
bothsingle family house and garage. Upon a voice vote, all voting
aye, Vice - Chairperson Houck declared the motion carried unanimously.
B. Update on Survey on 6025 - 3rd St N E and 5932 University Ave. N.E.
Mr. Boardman stated they have gotten quotes on prices for surveying.
The quotes were $600 from Suburban Engineering, $690 from Comstock &
Davis, and a third quote for $900. He stated they have authorized
! Suburban Engineering to do the.survey on the four lots.
MOTION by Mr. Prairie, seconded by Ms. Svendsen, to approve the bid
from Suburban Engineering of $600 to do the surveys on 6025 - 3rd St. N.E.
and 5932 University Ave. N.E. Upon a voice vote, all voting aye,
Vice - Chairperson Houck declared the motion carried unanimously.
C. Approve Ordering of Updated Abstracts for the New Lots as Split by
the Fridley City Council to Prepare for Sale of Lots
Mr. Boardman stated he had written a memo, #80 -45, dated June 6, 1980,
to the Authority asking for the approval of the Authority to order the
updating of the abstracts on the HRA lots being acquired. Updated
abstracts are required to complete the purchase agreements for the
sale of the lots. The cost of the abstracts is $199.
MOTION by Ms. Svendsen, seconded by Mr. Prairie, to approve the
cost of $199 for updating the abstracts of the Large Family Home
Ownership Program Lots. Upon a voice vote, all voting aye, Vice -
Chairperson Houck declared the motion carried unanimously.
D. Approve Wording of the Proposed Purchase Agreement and Second
Mortgage to be Attached at Time of Sale
Mr. Boardman stated they had Mr. Herrick put together some wording
n similar to the wording discussed at the last HRA meeting. Within
the Purchase Agreement, it states they are going to be placing a
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s
HOUSING & REDEVELOPMENT AUTHORITY MEETING JUNE 12 1980 PAGE 3
second mortgage on the property at 87. interest. That second mortgage
is the difference between what the purchase price is and what the
appraised price of that lot is prior to the time of sale. The wording
also states that if the purchaser of that property moves out of the
house within ten years, the ERA has first right of refusal on the
property, purchasing the property at the current appraised value
minus the difference between the appraised value and the 87. interest,
or they will foreclose on the second mortgage. The Mortgage Note
is the second mortgage that is attached to the Purchase Agreement.
If the purchaser stays in the house for the ten year period, then
the principal and interest accumulated on the second mortgage would
be classified as satisfied.
Mr. Boardman stated they sent the Purchase Agreement and the Mortgag
Note to Dick Buddig, Legal Counsel for HUD, and he has no problems
with the documents.
MOTION by Mr. Prairie, seconded by Ms. Svendsen, to approve the
wording of the proposed "Purchase Agreement" and "Mortgage Note" to
be attached at time of sale. Upon a voice vote, all voting aye,
Vice - Chairperson Houck declared the motion carried unanimously.
E. Approve Appraisals on the Four New Lots to be Completed
Mr. Boardman stated that, as stated in the Purchase Agreement, prior
to the time they lay out the purchase agreements, they have to get
appraised values done on the vacant piece of properties. He was
asking for approval of these appraisals from the Authority so that
when they get ready to sell a property and write up a purchase agree-
ment, they can go ahead and get an appraised value so they can put
that appraised value within the purchase agreement. The appraisals
cost approximately $175 each.
MOTION by Ms. Svendsen, seconded by Mr. Prairie, to approve
appraisals on the four new lots to be completed. Upon a voice vote,
all voting aye, Vice - Chairperson Houck declared the motion carried
unanimously.
3. UPDATE ON REHAB PROGRAM'
Mr. Boardman ted that with the (ehab program, they have bees having
problems getting tractors to d he work. They have two projects with
two bids, three proje with an bid, and one project with no bid. The
City gives the property ers list of contractors who are interested in
the rehab program. The prop owner is responsible for contacting those
contractors and getting three
Mr. Boardman stated they fee
On those projects that have
projects with only one bid,
Building Official, go out,
he thinks that bid is wit n
and HUD has no problem wi
they should-move ahead with these projects.
o bids, they will take the low bid. On the
they are going to have Darrel Clark, Chief
ook at the one bid, and give notice of whether
reason. They have talked this over with HUD,
it.
s
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6431 UNIVERSITY 'AVENU'E N. E., FRIDLEY. MINNESOTA 55432
TELEPHONE (612)571 -3450
Mary Youle
HUD office
6400 France Avenue South
Minneapolis, Mn 55435
Re: Fridley CDBG Bonus Application
Letter to Proceed from HUD
Dear Ms. Youle,
In our meeting with you on May 3, 1979, we laid out our direction which
we intend to take in order to accomplish the City's Community Development
Block Grant proposal for the use of the Bonus money. As we stated at the
meeting, the focus of our proposal is to provide an opportunity for home owner-
ship for large family, low and moderate income households. The set of qualifi-
cations for family participation is as follows:
1. Large family - at least five persons, or larger.
2. First -time homeowners.
3. Family must apply for, and quality for, a mortgage either through
the MFHA affordable home participating lender, or a Section 265 FHA
lender.
4. Income must fall within the Section 8 income guidelines.
5. Must have the down payment and closing costs.
6. The amount of land write-down for this program will be determined by
the City in order to satisfy building cost limitations. Some lot costs
will be required and would fall within the necessary program guidelines
for MHFA or FHA programs. In order to ensure that the program will
not be used to realize undue Pro its on the affected properties, we will
,.....,,,.. M;nh+ of fire+ rofucal clause Sim-liar to the one used by
In order to ensure success of the project, the City shall:
1. Contact the existing homeowners of substandard units, acquire the
properties and relocate the families according to the federal
requirements for relocations.
2. Contract for demolition of the structures and preparation of the
sites for building.
3. Take care of the legal matters involved for the above process through
the Fridley Housing and Redevelopment Authority.
4. Selection of a qualified, experienced MHFA or FHA lender to handle
the MHFA set aside, or Section 265 Housing Program. The City realizes
that funds are only disbursed in this,manner.
OUSING and REDEVELOPMENT AUTHORITY
2
COMMISSION MEMBERS: - -LAWRENCE COMMERS, CHAIRMAN
MANE PRANE VEGNIA SCHNASEL WALTER RASMUSSEN JOHN MEYER
CITY OF FRIDLEY
DATE: June 12, 1990
TO: Housing and Redevelopment Authority
FROM: Jock Robertson, Executive Director of HRA
SUBJECT: Extension,of Hold Harmless Agreement with
Woodbridge
We informed the HRA at the December 1989 meeting that Woodbridge
Development had requested a hold harmless agreement so that the
redeveloper or a potential purchaser might enter onto the Lake
Pointe property for the purpose of conducting normal surveys,
tests, and investigations for potential benefit of purchasers of
the land. At this time, the redeveloper has requested that this
agreement be extended for another six months until December 31,
1990.
The legal staff had negotiated the language in the initial letter
which has not changed with this extension. Staff sees no objection
for this extension and recommends that the HRA approve the
extension (see attached proposed agreement).
JR:ls
M -90 -345
EXECUTIVE DIRECTOR: JOCK ROBERTSON 6431 UNIVERSITY AVE. ($12) 571 -3450
FRIDLEY, MN 55432
June 1, 1990
Lake Pointe Investment Company,
A Limited Partnership
320 Woodbridge Plaza
10201 Wayzata Boulevard
Minnetonka, Minnesota 55343
RE: Lake Pointe Property, Fridley, Minnesota
Ladies and Gentlemen:
As of December 20, 1985, the undersigned (the "Authority ") entered
into a Contract for Private Redevelopment with Lake Pointe
Investment Company, A Limited Partnership ( "Redeveloper ") , relating
to approximately forty (40) acres of land located at the northwest
corner of the intersection of Interstate Highway No. 694 and U.S.
Highway 65, in the City of Fridley, Minnesota, commonly known as
the Lake Pointe Property.
We understand that the Redeveloper is now exploring the possibility
of selling some or all of its right, title and interest in and to
the Lake Pointe Property, and that, in connection with such a sale,
prospective purchasers may require either that (a) the Redeveloper
enter upon the Lake Pointe Property, and /or (b) they be permitted
to enter upon the Lake Pointe Property, each for the purpose of
conducting such normal surveys, tests and investigations upon the
Lake Pointe Property as are now normally conducted by or for
sophisticated purchasers of land.
The Authority hereby agrees to grant to the Redeveloper, for the
benefit of the Redeveloper and any such prospective purchaser which
has signed or may sign a letter of intent, option agreement or
purchase agreement with the Redeveloper with respect to the Lake
Pointe Property ( "Prospective Purchaser "), upon receipt by the
Authority of an executed copy of the letter of intent, option
agreement or purchase agreement, which contains the required
indemnification and hold harmless provisions from the Prospective
Purchaser to the Authority, the right to enter thereon for such
purposes, so long as no material damage to the Lake Pointe Property
results therefrom.
2 -A
WOODo .Au.P_AT `C.�'1i'A ".� • YbA�'_JT4 6O',__,-%PD • nra.4, "1' "v':ESC 141 4 VQ
2 -B
Lake Pointe Investment Company,
A Limited Partnership
June 1, 1990
,.., Page Two
In return, the Redeveloper hereby agrees, if the Redeveloper so
enters the Lake Pointe Property, to hold the Authority harmless
from, and to indemnify the Authority against, any and all losses,
costs, expenses, damages, demands, claims and causes of action,
whether for or resulting from bodily injury, personal injury, death
or property damage, including but not limited to damage or injury
to the Lake Pointe Property, which may result from any such entry,
survey, test or investigation.
Finally, the Redeveloper agrees to include in any such letter of
intent, option agreement or purchase agreement a written agreement
to so hold harmless and indemnify the Authority, in substantially
the form of the preceding paragraph hereof, by the Prospective
Purchaser, as a prerequisite to therein permitting said Prospective
Purchaser to so enter upon the Lake Pointe Property. Such
Prospective Purchaser shall also agree to notify the Public Works
Director of the City of Fridley forty -eight hours prior to entry
upon the Lake Pointe Property.
The rights hereby granted shall expire on December 31, 1990, unless
renewed in writing by the Authority.
Very truly yours,
�,
CITY OF FRIDLEY, HOUSING AND
REDEVELOPMENT AUTHORITY
By:
Its:
And:
Its:
Agreed to by the Redeveloper.
LAKE POINTE INVESTMENT COMPANY
A LIMITED PARTNERSHIP
By: Woodbridge.Properties Real Estate
Development Fund II, A Limited Partnership,
its general partner
By: Woodbridge Institutional Realty
Advisory Limited Partnership,
its general partner
By: Woodbridge Financial Corporation,
a g eral artner
Y•
Its:
WOODBR'CGE PRC;'ERTY MINNEIONKA, MINNESOTA 55343 • t 2 54; 1000
,1101N
OUSING and REDEVELOPMENT AUTHORITY
3
COMMISSION MEMBERS: - LAWRENCE COMMERS, CHARMAN
DUANE PRARE VRGNIA SCHNABEL WALTER RASMUSSEN JOHN MEYER
CITY OF FRIDLEY
DATE: June 12, 1990
TO: Housing and Redevelopment Authority
FROM: Jock Robertson, Executive Director of HRA
SUBJECT: Electricity Billings for Lake Pointe
At the May 10, 1990, HRA meeting, the question came up about the
HRA'paying for electricity at Lake Pointe. The bill in question
was for the four temporary street lights on the site and also for
the sprinkler control box for the temporary irrigation.
In reviewing the question with the City Manager on Thursday, June
7, 1990, we agreed to recommend that the HRA pay the $7.06 bill for
the sprinkler control box because it is a part of the temporary
maintenance system for which the HRA has already assumed
responsibility; however, we also agreed that since the City pays
for street lighting elsewhere in the City, we would recommend to
the City Council that the City pay the $107.91 street lighting
bill.
JR:ls
M -90 -409
EXECUTIVE DIRECTOR: JOCK ROBERTSON 6431 UNIVERSITY AVE. (B 12) 571 -3450
FRIDLEY, MN 55432
111�,
CITY OF FRIDLEY
M E M O R A N D U M
TO: J HN G , ENGINEER
FROM: RICHARD D. PRIBYL, FINANCE DIRECTOR
PAUL S. HANSEN, ACCOUNTANT
SUBJECT: ELECTRICITY BILLING FOR LAKE POINTE
DATE: JUNE 4, 1990
L7 c. 41�'
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At the May 10, 1990 HRA meeting the HRA commission questioned
whether the HRA should be paying for this electricity. Again, this
electric bill is.for the automatic protective lighting (4 units)
and the sprinkler control box for Lake Pointe Development.
The HRA commission said the HRA paid for the actual installation,
but does not think they were supposed to pay for the ongoing
electricity bills.
The Finance department has reviewed the Minutes to the HRA meetings
and has found no record of who should pay for the electricity.
The HRA commission has asked for a reply to this question by the
next HRA meeting on Thursday, June 21, 1990.
If you have any questions, please feel free to call.
n
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CITY OF FRIDLEY
M E M O R A N D U M
TO: JOCK ROBERTSON, EXECUTIVE DIRECTOR OF HRA
FROM: RICHARD D. PRIBYL, FINANCE DIRECTOR
PAUL S. HANSEN, ACCOUNTANT
SUBJECT: ELECTRIC BILL FROM HRA MEETING
DATE: MAY 2, 1990
The HRA Commission reviewed the check register at their last
meeting, and they have requested more information on the electric
bill that was within the City of Fridley billing.
The breakdown of the March and April electric bills of $114.97 is
as follows:
1. $107.91 is for automatic protective lighting (4 units) at 700
Lake Pointe Drive.
2. $7.06 is for a sprinkler control box for Lake Pointe
Development located at 5660 Quincy Street N.E.
If you have any questions, please feel free to call.
CITY OF FRIDLEY
M E M O R A N D U M
TO: HRA COMMISSION MEMBERS
FROM: RICHARD D. PRISYL, FINANCE DIRECTOR
PAUL S. HANSEN, ACCOUNTANT
SUBJECT: SCHOOL DISTRICT REFERENDUM LEVY RETURNS
DATE: JUNE 121 1990
Attached you will find a copy of the 1990 School District
referendum levy return agreements and the 1990 estimated return
amounts. This is submitted for your discussion and approval at the
June 21, 1990 HRA meeting.
We have been working with Jim O'Meara at Briggs & Morgan Law Office
to calculate the estimated returns. This estimate is based on
information supplied by the School Districts, Minnesota Department
of Education, State Statute, and the draft agreements prepared by
Jim O'Meara.
The total return, for 1990, for all School Districts is calculated
to be $261,798.81. We estimate the total return for 1991 will be
at least, if not more than, $261,798.81 and this amount will
continue to increase each year.
r" 1
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AGREEMENT
This Agreement is dated as of , 1990, is
by and between the City of Fridley, Minnesota, and Independent
School District No. 11, and provides as follows:
3096
M11
I. Definitions. ze As used in this Agreement, the
following terms have the following meanings, respectively:
"City" means the City of Fridley,
Minnesota.
"HRA" means the Housing and Redevelopment
Authority in and for the City of Fridley,
Minnesota.
"Protect" means Redevelopment Project No.
1 established and operated by the HRA pursuant
to Minnesota Statutes, Sections 469.001 through
469.047.
111985 Revenue Bonds" means the HRA's
$4,070,000 Tax Increment Revenue Bonds of 1985,
dated May 1, 1985.
"Limited Revenue Note" means the HRA's
$5,603,755.80 Limited Revenue Capital
Appreciation Tax Increment Note, dated December
20, 1985.
111985 G.O. Bonds" means the City's
$11,550,000 Variable Rate Demand General
Obligation Tax Increment Bonds, Series 1985,
dated December 30, 1985.
111986 G.O. Bonds" means the City's
$10,045,000 General Obligation Tax Increment
Refunding Bonds, Series 1986, dated as of
August 1, 1986.
111990 G.O. Bonds" means the City's
$9,485,000 General Obligation Tax Increment
Refunding Bonds of 1990, dated March 1, 1990.
"Tax Increment Obligations" means the 1985
Revenue Bonds, the Limited Revenue Note, the
1985 G.O. Bonds, the 1986 G.O. Bonds, the 1990
G.O. Bonds, and any other contractual
obligations of the HRA or the City which were
entered into prior to the date of this
n
Agreement and which commit the use of any tax
increments from the TIF Districts for specified
purposes, projects, or parties.
"Tax Increment Act" means Minnesota
Statutes, Sections 469.174 through 469.179.
"TIF Districts" -means Tax Increment
Financing District "Nos. 1 through 10 within
the Project. The attached Exhibit A contains
certification dates and other information on
the TIF Districts.
"School District" means Independent School
District No. 11, the Anoka School District.
"Subdivision" means Minnesota Statutes
Second 1989 Supplement, Section 469.177,
Subdivision 10, as amended by Laws of Minnesota
1990, Chapter 604, Article 7, Section 24 (a
copy of which is attached hereto as Exhibit B) .
2. Recitals.
(a) In certain cases, the Subdivision
either requires or allows by agreement certain
tax increments attributable to school district
referendum tax levies to be paid to school
districts.
(b) A portion of TIF District No. 3 is
located within the boundaries of the School
District.
(c) None of the property within TIF
District Nos. 1, 2, 4, 5, 6, 7, 8, 9, and 10
is located within the boundaries of the School
District.
(d) It is the purpose of this Agreement
to provide for payment of certain tax
increments to the School District pursuant to
and in accordance with the provision of the
Subdivision.
(e) Nothing in this Agreement is intended
to violate the covenants and agreements
heretofore made respecting the application of
3096 2
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tax increments from the TIF Districts pursuant
to the Tax Increment Obligations.
3. Representations of the City.
(a) The Tax Increment Obligations were
issued to finance various activities of the HRA
within the Project.
(b) The 1985 Revenue Bonds -are not
general obligations of the City or,the HRA. Tax
increments from TIF District Nos. 1 through 5
are pledged to the payment of the 1985 Revenue
Bonds, and there are no other sources of funds
pledged to the payment thereof. The final
scheduled principal maturity of the 1985
Revenue Bonds is February 1, 1999.
(c) The Limited
general obligation of
is payable solely frog
for such purposes frog
Revenue Note is not a
the City or the HRA and
tax increments pledged
TIF District No. 6.
(d) The 1985 G.O. Bonds were payable from
tax increments derived from TIF District Nos.
1 through 6, and the final scheduled principal
maturity of those Bonds was February 1, 2000.
However, on February 1, 1990, the City
discharged the 1985 G.O. Bonds by paying all
then outstanding principal thereof and interest
thereon.
(e) The 1986 G.O. Bonds are payable from
tax increments derived from TIF District Nos.
1 through 6, and the final scheduled principal
maturity of those Bonds is February 1, 2000.
However, the City has advance refunded the 1986
G.O. Bonds via the issuance of the 1990 G.O.
Bonds, and the City expects pursuant to said
refunding that all of the principal of and
interest on the 1986 G.O. Bonds will have been
paid on or before February 1, 1994.
(f) The 1990 G.O.
tax increments derived
1, 2, 3, and 6,
principal maturity
2009.
Bonds are payable from
from TIF District Nos.
e final scheduled
Bonds is August 1,
and th
of those
(g) Portions of the principal of the 1985
Revenue Bonds, the Limited Revenue Note, the
1985 G.O. Bonds, and the 1986 G.O. Bonds, and
3
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the 1990 G.O. Bonds were outstanding on May 1,
1988, and /or are outstanding on the date of
this Agreement.
4. Representations of the School District.
(a) On October 58 1982, the electorate
of the School District - approved a continuous
6.0 mill levy first-effective for the 1982
payable 1983 property taxes. This levy is
hereinafter referred to as the "1982 Levy ".
(b) On October 6, 1987, the electorate
of the School District approved a 6.0 mill
continuous levy first effective for the 1987
payable 1988 property taxes. This levy is
hereinafter referred to as the. "1987 Levy ".
(c) According to the Minnesota Department
of Education, for purposes of the above -
mentioned referendum levies the tax capacity
rate equivalent of 6 mills is .06999697.
5. Payment of Tax Increments to School District. The
City and the School District hereby agree that, except as
otherwise provided pursuant to paragraph 6 of this Agreement,
tax increments shall be paid to the School District by the HRA
as and to the extent received by the HRA, beginning with such
tax increments relating to the 1989 payable 1990 property
taxes, as follows:
TIF District No. 3. Pursuant to clause
b(2) of the Subdivision, the tax increment from
TIF District No. 3 which is attributable to the
1982 Levy and the 1987 Levy shall be paid to
the School District.
6. Further Agreements. Nothing in this Agreement is
intended or shall be applied in such a manner as to violate
the obligations and covenants made by the City or the HRA in
connection with the Tax Increment Obligations, and to the
extent but only to the extent that the application of the
terms of this Agreement would give rise to a violation of said
obligations and covenants, including without limitation, the
default in the timely and full payment of the Tax Increment
Obligations, the applicable tax increments shall be applied
instead in the manner, but only to the extent necessary, to
avoid such default or other violation of said covenants or
obligations. Nothing in this Agreement shall restrict the
City or the HRA in the exercise of the powers which they may
have relating to the Project or the TIF Districts.
30% 4
In addition, the.City and the School District agree that
the provisions of paragraph 5 providing for payment of tax
increment to the School District shall be limited to a term
covering 2 tax years, specifically, said provisions shall
apply only to such tax increment attributable to the 1989
payable 1990 and the 1990 payable 1991 real estate property
taxes, respectively, and at the conclusion of said period, the
City and the School District agree to review the circumstances
and to attempt to negotiate in good faith such further
agreement or agreements as may be permitted by law and which
are acceptable to both the City and School District with
respect to discretionary payments of such applicable tax
increment to the School District.
IN WITNESS WHEREOF, the City and the School District have
caused this Agreement to be executed by their duly authorized
representatives.
CITY OF FRIDLEY, MINNESOTA
Mayor
11� City Manager
INDEPENDENT SCHOOL DISTRICT NO. 11
School Board Chair
Superintendent
3M 5
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EXHIBIT
A
!� Schedule of Tax Increment
Financing Districts
Within Housing and
Redevelopment
Project No. 1 of the Fridley HRA
Independent
- -
Certification
School
TIF District
Name
Date
District No.
1
Center City
5/11/79
14
2
Moore Lake
7/31/81
13/14
3
North Area
5/19/82
11/16
4
Johnson Printing/
Skywood Mall
1/20/84
13/14
5
Paschke
3/15/84
16
6
Lake Pointe
12/24/85
13
7
Winfield
10/22/86
16
8
Shorewood
10/24/86
14
9
Onan /Old Central
9/7/89
16
10
Northco Phase III
4/10/90
16
1"\
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EXHIBIT B
Sec. 24. Minnesota statutes Second 1969 S,;ple-•e-.t,
section 469.177, subdivision 10,_is -a- -ended to read:
5_bd. 10. ( ?AYM7iii :O SC C�C2 eC'� �_ : :i= �i: :�i LEtit. ) (a The
provisions cf this subdivision a =ply to tax increment financing
districts and protects for which certification was requested .
befc:e May 1, 19E8, that are located in a school district in
which the voters have approved new tax capacity rates cr an
increase in tax capacity rates after the tax increment financing
district was certified_
(51 (1) If there are no outstanding bonds on Fay 1, 19E81
to which increment from the district is pledged, or {?} if the
referendum is approved after May l,'1988, and there are no bonds
outstanding at the time the referendum is approved, that were
e: - :c_tLe- :etc :ead�..,- _ac :eesir.9
issued befcre May
t. ^.[- :_x-eL�LC2.r_ :L :e- MLO_L� �: Cr[ � _a'_•.e :- :Le-r..Ca.- :[c[�._ - » -e
pr-�c.- .CO-LO
- xL: G:!- t .:G :[�.[.'.�_C :C.:.- ,?•.e-�tOt: LCD_ :0_ti[Gt�[� : - - =�
the authority must annually pay to
the school district an amount of increment equal to the
increment that is attributable to the increase in the tax
capacity rate under the referendum.
(2 ) If clause {8t -app==
es (1) does not apply, upon approval
by a majority vote of the governing body of the municipality and
the school board, the authority wust pay to the school district
an a=unt of ircr'emert equal to the increment that is
attributable to the increase in the tax capacity rate under the
referendum.
(c ) The amounts of these increments may be expended and
must be treated by the school district in the same manner as
provided for the revenues derived from the referendum levy
approved by the voters. The provisions of this subdivision
apply to projects for which certification was requested before,
on, and after August 1, 1919-
A
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AGREEMENT
This Agreement is dated as of ' 1990, is
by and between the City of Fridley, Minnesota, and Independent
School District No. 13, and provides as follows:
I. Definitions. :As used in this Agreement, the
following terms have the following meanings, respectively:
"City" means the City of Fridley,
Minnesota.
" IRA" means the Housing and Redevelopment
Authority in and for the City of Fridley,
Minnesota.
"Protect" means Redevelopment Project
No. 1 established and operated by the HRA
pursuant to Minnesota Statutes, Sections
469.001 through 469.047.
111985 Revenue Bonds" means the HRA's
$4,070,000 Tax Increment Revenue Bonds of 1985,
dated May 1, 1985.
"Limited Revenue Note" means the HRA's
$5,603,755.80 Limited Revenue Capital
Appreciation Tax Increment Note, dated December
20, 1985.
111985 G.O. Bonds" means the City's
$11,550,000 Variable Rate Demand General
Obligation Tax Increment Bonds, Series 1985,
dated December 30, 1985.
111986 G.O. Bonds" means the City's
$10,045,000 General Obligation Tax Increment
Refunding Bonds, Series 1986, dated as of
August 1, 1986.
111990 G.O. Bonds" means the City's
$9,485,000 General Obligation Tax Increment
Refunding Bonds of 1990, dated March 1, 1990.
"Tax Increment Obliciations" means the 1985
Revenue Bonds, the Limited Revenue Note, the
1985 G.O. Bonds, the 1986 G.O. Bonds, the 1990
�, 3095
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4.1
G. 0. Bonds, and any -other contractual
obligations of the HRA or the city which were
entered into prior to the date of this
Agreement and which commit the use of any tax
increments from the TIF Districts for specified
purposes, projects, or parties.
"Tax Increment -Act" means Minnesota
Statutes, Sections 469.174 through 469.179.
11TIF Districts" means Tax Increment
Financing District Nos. 1 through 10 within
the Project. The attached Exhibit A contains
certification dates and other information on
the TIF Districts.
"School District" means Independent School
District No. 13, the Columbia Heights School
District.
"Subdivision" means Minnesota Statutes
Second 1989 Supplement, Section 469.177,
Subdivision 10, as amended by Laws of Minnesota
1990, Chapter 604, Article 7, Section 24 (a
copy of which is attached hereto as Exhibit B) .
2. Recitals.
(a) In certain cases, the Subdivision
either requires or allows by agreement certain
tax increments attributable to school district
referendum tax levies to be paid to school
districts.
(b) TIF District No. 6 is located
entirely within the boundaries of the School
District, and a portion of TIF District Nos.
2 and 4 are located within the boundaries of
the School District.
(c) None of the property within TIF
District Nos. 1, 3, 5, 7, 8, 9, and 10 is
located within the boundaries of the School
District.
3095 2
(d) It is tr
to provide for
increments to the
and in accordance
Subdivision.
e purpose of this Agreement
payment of certain tax
School District pursuant to
with the provision of the
(e) Nothing in this.Agreement is intended
to violate the covenants and agreements
heretofore made respecting the application of
tax increments from the TIF Districts pursuant
to the Tax Increment Obligations.
3. Representations of the City.
(a) The Tax Increment Obligations were
issued to f inance various activities of the HRA
within the Project.
(b) The 1985 Revenue Bonds are not
general obligations of the City or the HRA. Tax
increments from TIF District Nos. 1 through 5
are pledged to the payment of the 1985 Revenue
Bonds, and there are no other sources of funds
pledged to the payment thereof. The final
scheduled principal maturity of the 1985
Revenue Bonds is February 1, 1999.
(c) The Limited Revenue Note is not a
general obligation of the City or the HRA and
is payable solely from tax increments pledged
for such purposes from TIF District No. 6.
(d) The 1985 G.O. Bonds were payable from
tax increments derived from TIF District Nos.
1 through 6, and the final scheduled principal
maturity of those Bonds was February 1, 2000.
However, on February 1, 1990, the City
discharged the 1985 G.O. Bonds by paying all
then outstanding principal thereof and interest
thereon.
(e) The 1986 G.O. Bonds are payable from
tax increments derived from TIF District Nos.
1 through 6, and the final scheduled principal
maturity of those Bonds is February 1, 2000.
However, the City has advance refunded the 1986
G.O. Bonds via the issuance of the 1990 G.O.
Bonds, and the City expects pursuant to said
refunding that all of the principal of and
3M 3
4 -J
4 -K
interest on the 1986 G.O. Bonds will have been
paid on or before February 1, 1994.
(f) The 1990 G.O. Bonds are payable from
tax increments derived from TIF District Nos.
1, 2, 3, and 6, and the final scheduled
principal maturity of those Bonds is August 1,
2009. -
(g) Portions of the principal of the 1985
Revenue Bonds, the Limited Revenue Note, the
1985 G.O. Bonds, and the 1986 G.O. Bonds, and
the 1990 G.O. Bonds were outstanding on May 1,
1988, and /or are outstanding on the date of
this Agreement.
4. Representations of the School District.
(a) On October 5, 1981, the electorate
of the School District approved a 5.0 mill
continuous levy first effective for the 1981
payable 1982 property taxes. This levy is
hereinafter referred to as the "1981 Levy ".
(b) On September 23, 1986, the electorate
of the School District approved a 7.0 mill
continuous levy first effective for the 1986
payable 1987 property taxes. This levy is
hereinafter referred to as the "1986 Levy ".
(c) According to the Minnesota Department
of Education, for purposes of the above -
mentioned referendum levies the tax capacity
rate equivalents of 5 mills and 7 mills are
.06162496 and .07875910, respectively.
5. Payment of Tax Increments to School District. The
City and the School District hereby agree that, except as
otherwise provided pursuant to paragraph 6 of this Agreement,
tax increments shall be paid to the School District by the HRA
as and to the extent received by the HRA, beginning with such
tax increments relating to the 1989 payable 1990 property
taxes, as follows:
(a) TIF District No. 6. Since the 1981
Levy was approved before the date of
certification of TIF District No. 6, the
Subdivision does not apply to that Levy with
respect to this District, and no tax increments
3M 4
attributable to said Levy from this District 4 -L
are payable to the School District. Pursuant
to clause b(2) of the Subdivision, the tax
increment from TIF District No. 6 which is
attributable to the 1986 Levy shall be paid to
the School District.
(b) TIF District No. 4. Since the 1981
Levy was approved—prior to the date of
certification of TIF District No. 4, the
Subdivision does not apply to that. Levy with
respect to this District. Pursuant to clause
b(2) of the Subdivision, the tax increment from
TIF District No. 4 which is attributable to the
1986 Levy shall be paid to the School District.
(c) TIF District No. 2. Pursuant to
clause b(2) of the Subdivision, the tax
increment from TIF District No. 2 which is
attributable to the 1981 Levy and the 1986 Levy
shall be paid to the School District.
6. Further Agreements. Nothing in this Agreement is
intended or shall be applied in such a manner as to violate
the obligations and covenants made by the City or the KRA in
connection with the Tax Increment Obligations, and to the
extent but only to the extent that the application of the
terms of this Agreement would give rise to a violation of said
obligations and covenants, including without limitation, the
default in the timely and full payment of the Tax Increent
Obligations, the applicable tax increments shall be applied
instead in the manner, but only to the extent necessary, to
avoid such default or other violation of said covenants or
obligations. Nothing in this Agreement shall restrict the
City or the HRA in the exercise of the powers which they may
have relating to the Project or the TIF Districts.
In addition, the City and the School District agree that
the provisions of paragraph 5 providing for payment of tax
increment to the School District shall be limited to a term
covering 2 tax years, specifically, said provisions shall
apply only to such tax increment attributable to the 1989
payable 1990 and the 1990 payable 1991 real estate property
taxes, respectively, and at the conclusion of said period, the
City and the School District agree to review the circumstances
and to attempt to negotiate in good faith such further
agreement or agreements as may be permitted by law and which
are acceptable to both the City and School District with
3095 5
i
respect to discretionary payments of such applicable tax
increment to the School District.
IN WITNESS WHEREOF, the City and the School District have
caused this Agreement to be executed by their duly authorized
representatives.
3095
CITY OF FRIDLEY, MINNESOTA
Mayor
City Manager
INDEPENDENT SCHOOL DISTRICT NO. 13
School Board Chair
Superintendent
6
4 -M
!� EXHIBIT A
Schedule of Tax Increment Financing Districts
Within Housing and Redevelopment
Project No. 1 of the Fridley HRA
Independent
3095 7
4 -N
Certification
School
TIF District
Name
Date
District No.
1
Center City
5/11/79
14
2
Moore Lake
7/31/81
13/14
3
North Area
5/19/82
11/16
..4
Johnson Printing/
Skywood Mall
1/20/84
13/14
5
Paschke
3/15/84
16
6
Lake Pointe
12/24/85
13
7
Winfield
10/22/86
16
8
Shorewood
10/24/86
14
9
Onan /Old Central
9/7/89
16
10
Northco Phase III
4/10/90
16
3095 7
4 -N
4 -p
EXHIBIT B
Sec. 24. Minnesota Statutes Second 1959 Supplen.ent,
sect.-en 469.177, subdivision 10-, is_ = ,ended to read:
S--bd. 10. (iAY!! =NIi :o SC -oCL ?CR RE :_R :!,. L.V-?.) (a the
grcvis :c-s c: this subdivision ar?ly to tax increment financing
districts and projects for which certification was requested
tefcre May i, 19E8, that are located in a school district in
which the voters have approved new tax capacity rates or an
Increase in tax capacity rates after the tax increment financing
district was certified.
(b) (1) If there are no outstanding bonds on Hay 1, 19E8,
to which increment from the district is pledged, or {e} if the
referer.cua is approved after May l,'19E8, and there are no bonds
outstanding at the time the referendum is approved, that were
issued before May It 1988, e: -f5l" "e- :erecend:..: _n"aa__ng
.. t= e- :ax- Berne =tY - :a :e- was -Lpr: eyed- Lfte :- :he- r..oe :- :ece- : -_eeee
the authority must annually pay to
the school district an a^ount of increment equal to the
increment that is attributable to the increase in the tax
capacity rate under the referendum.
(2) If clause f3i-Lpplies (1) does not aDDly, upon approval
by a majority vote of the governing body of the municipality and
the school board, the authority Must pay to the school district
an anount of incremert equal to the increment that is
attributable to the increase in the tax capacity rate under the
referendum.
(c) The amounts of these increments may be expended and
must be treated by the school district in the same manner as
provided for the revenues derived from the referendum levy
approved by the voters. The provisions of this subdivision
apply to projects for which certification was requested before,
on, and after August 1, 1979-
c
AGREEMENT
This Agreement is dated as of , 1990, is
by and between the City of Fridley, Minnesota, and Independent
School District No. 14, and provides as follows:
1618
1. Definitions. As used in this Agreement, the
following terms have the following meanings, respectively:
"City" means the City of Fridley,
Minnesota.
"HRA" means the Housing and Redevelopment
Authority in and for the City of Fridley,
Minnesota.
"Protect" means Housing and Redevelopment
Project No. 1 established and operated by the
HRA pursuant to Minnesota Statutes, Sections
469.001 through 469.047.
111985 Revenue Bonds" means the HRA's
$4,070,000 Tax Increment Revenue Bonds of 1985,
dated May 1, 1985.
"Limited Revenue Note" means the HRA's
$5,603,755.80 Limited Revenue Capital
Appreciation Tax Increment Note, dated December
20, 1985.
111985 G.O. Bonds" means the City's
$11,550,000 Variable Rate Demand General
Obligation Tax Increment Bonds, Series 1985,
dated December 30, 1985.
111986 G.O. Bonds" means the City's
$10,045,000 General Obligation Tax Increment
Refunding Bonds, Series 1986, dated as of
August 1, 1986.
111990 G.O. Bonds" means the City's
$9,485,000 General Obligation Tax Increment
Refunding Bonds of 1990, dated March 1, 1990.
"Tax Increment Obligations" means the 1985
Revenue Bonds, the Limited Revenue Note, the
1985 G.O. Bonds, the 1986 G.O. Bonds, the 1990
4 -P
'
G. 0. Bonds, and any other contractual 4 -Q
!'1 obligations of the HRA or-the City which were
entered into prior to the date of this
Agreement and which commit the use of any tax
increments from the TIF Districts for specified
purposes, projects, or parties.
"Tax Increment Act" means Minnesota
Statutes, Sections__463.1'74 through 469.179.
"TIF Districts" means Tax Increment
Financing District Nos. 1 through 10 within
the Project. The attached Exhibit A contains
certification dates and other information on
the TIF Districts.
"School District" means Independent School
District No. 14, the Fridley School District.
"Subdivision" means Minnesota Statutes
Second 1989 Supplement, Section 469.177,
Subdivision 10, as amended by Laws of Minnesota
1990, Chapter 604, Article 7, Section 24 (a
copy of which is attached hereto as Exhibit B) .
2. Recitals.
(a) In certain cases, the Subdivision
either requires or allows by agreement certain
tax increments attributable to school district
referendum tax levies to be paid to school
districts.
(b) TIF District Nos. 1 and 8 are located
entirely within the boundaries of the School
District, and a portion of TIF District Nos.
2 and 4 are located within the boundaries of
the School District.
(c) None of the property within TIF
District Nos. 3, 5, 6, 7, 9, and 10 is located
within the boundaries of the School District.
(d) It is the purpose of this Agreement
to provide for payment of certain tax
1618
2
increments to the School District pursuant to
and in accordance with the provision of the
Subdivision.
(e) Nothing in this Agreement is intended
to violate the covenants and agreements
heretofore made respecting the application of
tax increments from the TIF Districts pursuant
to the Tax Increment-Obligations.
3. Representations of the City.
(a) The Tax Increment Obligations were
issued to finance various activities of the HRA
within the Project.
(b) The 1985 Revenue Bonds are not
general obligations of the City or the HRA. Tax
increments from TIF District Nos. 1 through 5
are pledged to the payment of the 1985 Revenue
Bonds, and there are no other sources of funds
pledged to the payment thereof. The final
scheduled principal maturity of the 1985
Revenue Bonds is February 1, 1999.
(c) The Limited Revenue Note is not a
general obligation of the City or the HRA and
is payable solely from tax increments pledged
for such purposes from TIP District No. 6.
(d) The 1985 G.O. Bonds were payable from
tax increments derived from TIF District Nos.
1 through 6, and the final scheduled principal
maturity of those Bonds was February 1, 2000.
However, on February 1, 1990, the City
discharged the 1985 G.O. Bonds by paying all
then outstanding principal thereof and interest
thereon.
(e) The 1986 G.O. Bonds are payable from
tax increments derived from TIF District Nos.
1 through 6, and the final scheduled principal
maturity of those Bonds is February 1, 2000.
However, the City has advance refunded the 1986
G.O. Bonds via the issuance of the 1990 G.O.
Bonds, and the City expects pursuant to said
refunding that all of the principal of and
interest on the 1986 G.O. Bonds will have been
paid on or before February 1, 1994.
'� 1618 3
;0
(f) The 1990 G.O. Bonds are payable from
tax increments derived from TIF District Nos.
1, 2, 3, and 6, and the final scheduled
principal maturity of those Bonds is August 1,
2009.
(g) Portions of the principal of the 1985
Revenue Bonds, the Limited Revenue Note, the
1985 G.O. Bonds, and the71986 G.O. Bonds, and
the 1990 G.O. Bonds were outstanding on May 1,
1988, and /or are outstanding on the date of
this Agreement.
4. ReRresentations of the School District.
(a) On September 23, 1986, the electorate
of the School District approved a 2.0 mill
continuous levy first effective for the 1986
payable 1987 property taxes. This levy is
hereinafter referred to as the "1986 Levy ".
(b) On September 29, 1987, the electorate
of the School District approved (i) a 7.0 mill
continuous levy first effective for the 1987
payable 1988 property taxes and (ii) a
continuous additional 6.5 mill levy first
effective for the 1988 payable 1989 property
taxes. These levies are hereinafter
collectively referred to as the "1987 Levies ".
(c) According to the Minnesota Department
of Education, for purposes of the above -
mentioned referendum levies the tax capacity
rate equivalents of 2 mills and 13.5 mills are
.02261395 and .15264411, respectively.
5. payment of Tax Increments to School District. The
City and the School District hereby agree that, except as
otherwise provided pursuant to paragraph 6 of this Agreement,
tax increments shall be paid to the School District by the HRA
as and to the extent received by the HRA, beginning with such
tax increments relating to the 1989 payable 1990 property
taxes, as follows:
(a) TIF District No. 8. Since the 1987
Levies were approved after the date of
certification of TIF District No. 8, and since
on May 1, 1988, there were no bonds outstanding
�., 1618 4
4 -S
4 -T
to which increment from TIF District No. 8 was
pledged, the tax increments from TIF District
No. 8 which are attributable to the 1987 Levies
are automatically payable and shall be paid to
the School District pursuant to clause b(1) of
the Subdivision. Since the 1986 Levy was
approved prior to the date of certification of
TIF District No. 8, .the Subdivision does not
apply to that Levy i with respect to this
District, and no tax increments attributable
to said Levy from this District are payable to
the School District.
(b) TIF District No. 4. Pursuant to
clause b(2) of the Subdivision, the tax
increment from TIF District No. 4 which is
attributable to the 1986 Levy and the 1987
Levies shall be paid to the School District.
(c) TIF District No. 2. Pursuant to
clause b(2) of the Subdivision, the tax
increment from TIF District No. 2 which is
attributable to the 1986 Levy and the 1987
Levies shall be paid to,the School District.
(d) TIF District No. 1. Pursuant to
clause b(2) of the Subdivision, the tax
increment from TIF District No. 1 which is
attributable to the 1986 Levy and the 1987
Levies shall be paid to the School District.
6. Further Agreements. Nothing in this Agreement is
intended or shall be applied in such a manner as to violate
the obligations and covenants made by the City or the HRA in
connection with the Tax Increment Obligations, and to the
extent but only to the extent that the application of the
terms of this Agreement would give rise to a violation of said
obligations and covenants, including without limitation, the
default in the timely and full payment of the Tax Increment
Obligations, the applicable tax increments shall be applied
instead in the manner, but only to the extent necessary, to
avoid such default or other violation of said covenants or
obligations. Nothing in this Agreement shall restrict the
City or the HRA in the exercise of the powers which they may
have relating to the Project or the TIF Districts.
In addition, the City and the School District agree that,
except in each case described in paragraph 5 of this Agreement
where payment of tax increment to the School District is
'"1 1618 5
,/-�\,
mandatory pursuant to clause b(1) of the Subdivision, all
other provisions of said paragraph 5 providing for payment of
tax increment to the School District shall be limited to a
term covering 2 tax years, specifically, said provisions shall
apply only to such tax increment attributable to the 1989
payable 1990 and the 1990 payable 1991 real estate property
taxes, respectively, and at the conclusion of said period, the
City and the School District agree to review the circumstances
and to attempt to negotiate _in good faith such further
agreement or agreements asAiay be permitted by law and which
are acceptable to both the City and School District with
respect to discretionary payments of such applicable tax
increment to the School District.
IN WITNESS WHEREOF, the City and the School District have
caused this Agreement to be executed by their duly authorized
representatives.
CITY OF FRIDLEY, MINNESOTA
Mayor
City Manager
INDEPENDENT SCHOOL DISTRICT NO. 14
School Board Chair
Superintendent
1618 6
�1
4 -U
e-, 1618 7
4 -V
EXHIBIT
A
Schedule of Tax Increment
Financing Districts
Within Housing and
Redevelopment
Project No. 1 of the Fridley HRA
Independent
-- -
Certification
School
TIF District
Name
Date
District No.
1
Center City
5/11/79
14
2
Moore Lake
7/31/81
13/14
3
North Area
5/19/82
11/16
4
Johnson Printing/
Skywood Mall
1/20/84
13/14
5
Paschke
3/15/84
16
6
Lake Pointe
12/24/85
13
7
Winfield
10/22/86
16
8
Shorewood
10/24/86
14
9
Onan /Old Central
9/7/89
16
10
Northco Phase III
4/10/90
16
e-, 1618 7
4 -V
EXHIBIT B
Sec. 24. Minnesota Statutes Second 1969 Supple -er.t,
sect -cn 469.177, subdivision 10,_ = -amended to read:
S (iA`!!i \a .O 5C'r.00L FOR tEc?REKOuM L -�'Y• ) (a ;`.e
:bd. 10.
prcv -s -cns of this subdivision apply to tax increment financing
districts and projects for which certification was requested
befc:e May 1, 19E8, that are located in a school district in
which the voters have approved new tax capacity rates cr an
increase in tax capacity rates after the tax increment financing
district was certified_
(b) (1) If there are no outstanding bonds on May 1, 1968,
to which increment from the district is pledged, or f2t if the
referendum is arpreved after May l,' 1988, and there are no bonds
outstanding at the time the referendum is approved, that were
issued before May 1, 1988, e:-{ 39 -= f-the- :efe:e.:dna-- ': :eeef -g
tie- tex -ce;ac : ty- :ate- wes- app:eved -efte: -the- rest- rece- t-_esae
of _lends- to- wh:eh- :- e:e-en= -f: en- the
- d.st:set- :s- F= edSed: - -cc
the authority must annually pay to
the school district an amount of increment equal to the
increment that is attributable to the increase in the tax
capacity rate under the referendum.
(2) if clause f33-aFFs=
es (1) does not apply, upon approval
by a majority vote of the governing body of the municipality and
the school beard, the authority must pay to the school district
an a.-,cunt of increment equal to the increment that is
attributable to the increase in the tax capacity rate under the
referendums.
(c ) The amounts of these increments may be expended and
must be treated by the school district in the same manner as
provided for the revenues derived from the referendum levy
approved by the voters. -The provisions of this subdivision
apply to projects for which certification was requested before,
on, and after August 1, 1979-
4 -W
AGREEMENT
This Agreement is dated as of , 1990, is
by and between the City of Fridley, Minnesota, and Independent
School District No. 16, and provides as follows:
3097
1. Definitions. "' -,s used in this Agreement, the
following terms have the following meanings, respectively:
"City" means the City of Fridley,
Minnesota.
"HRA" means the Housing and Redevelopment
Authority in and for the City of Fridley,
Minnesota.
"Protect" means Redevelopment Project No.
1 established and operated by the HRA pursuant
to Minnesota Statutes, Sections 469.001 through
469.047.
111985 Revenue Bonds" means the HRA's
$4,070,000 Tax Increment Revenue Bonds of 1985,
dated May 1, 1985.
"Limited Revenue Note" means the HRA's
$5,603,755.80 Limited Revenue Capital
Appreciation Tax Increment Note, dated December
20, 1985.
111985 G.O. Bonds" means the City's
$11,550,000 Variable Rate Demand General
Obligation Tax Increment Bonds, Series 1985,
dated December 30, 1985.
111986 G.O. Bonds" means the City's
$10,045,000 General Obligation Tax Increment
Refunding Bonds, Series 1986, dated as of
August 1, 1986.
111990 G.O. Bonds" means the City's
$9,485,000 General Obligation Tax Increment
Refunding Bonds of 1990, dated March 1, 1990.
"Tax Increment Obligations" means the 1985
Revenue Bonds, the Limited Revenue Note, the
1985 G.O. Bonds, the 1986 G.O. Bonds, the 1990
4 -X
r.
G.O. Bonds, and any other contractual
obligations of the HRA or-the City which were
to rior to the date of this
entered in p
Agreement and which commit the use of any tax
increments from the TIF Districts for specified
purposes, projects, or parties.
"Tax Increment. Act" means Minnesota
Statutes, Sections- 463.i74 through 469.179.
"TIF Districts" means Tax Increment
Financing District Nos. 1 through 10 within
the Project. The attached Exhibit A contains
certification dates and other information on
the TIF Districts.
"School District" means Independent School
District No. 16, the Spring Lake Park School
District.
"Subdivision" means Minnesota Statutes
Second 1989 Supplement, Section 469.177,
Subdivision 10, as amended by Laws of Minnesota
1990, Chapter 604, Article 7, Section 24 (a
copy of which is attached hereto as Exhibit B) .
2. Recitals.
(a) In certain cases, the Subdivision
either requires or allows by agreement certain
tax increments attributable to school district
referendum tax levies to be paid to school
districts.
(b) TIF District Nos. 5, 7, 9, and 10 are
located entirely within the boundaries of the
School District, and a portion of TIF District
No. 3 is located within the boundaries of the
School District.
(c) None of the property within TIF
District Nos. 1, 2, 4, 6, and 8 is located
within the boundaries of the School District.
(d) It is the purpose of this Agreement
to provide for payment of certain tax
3097 2
4 -Y
4 -Z
increments to the School District pursuant to
and in accordance with the provision of the
Subdivision.
(e) Nothing in this Agreement is intended
to violate the covenants and agreements
heretofore made respecting the application of
tax increments from-the TIP Districts pursuant
to the Tax Increment Obligations.
3. Representations of the City.
(a) The Tax Increment Obligations were
issued to finance various activities of the HRA
within the Project.
(b) The 1985 Revenue Bonds are not
general obligations of the City or the HRA. Tax
increments from TIF District Nos. 1 through 5
are pledged to the payment of the 1985 Revenue
Bonds, and there are no other sources of funds
pledged to the payment thereof. The final
scheduled principal maturity of the 1985
Revenue Bonds is February 1, 1999.
(c) The Limited Revenue Note is not a
general obligation of the City or the HRA and
is payable solely from tax increments pledged
for such purposes from TIF District No. 6.
(d) The 1985 G.O. Bonds were payable from
tax increments derived from TIF District Nos.
1 through 6, and the final scheduled principal
maturity of those Bonds was February 1, 2000.
However, on February 1, 1990, the City
discharged the 1985 G.O. Bonds by paying all
then outstanding principal thereof and interest
thereon.
(e) The 1986 G.O. Bonds are payable from
tax increments derived from TIF District Nos.
1 through 6, and the final scheduled principal
maturity of those Bonds is February 1, 2000.
However, the City has advance refunded the 1986
G.O. Bonds via the issuance of the 1990 G.O.
Bonds, and the City expects pursuant to said
- refunding that all of the principal of and
interest on the 1986 G.O. Bonds will have been
paid on or before February 1, 1994.
3097 3
It
11�
4 -AA
(f) The 1990 G.O. Bonds are payable from
tax increments derived from TIF District Nos.
1, 2, 3, and 6, and the final scheduled
principal maturity of those Bonds is August 1,
2009.
(g) Portions of the principal of. the 1985
Revenue Bonds, the Limited Revenue Note, the
1985 G.O. Bonds, and the 1986 G.O. Bonds, and
the 1990 G.O. Bonds were outstanding on May 1,
1988, and /or are outstanding on the date of
this Agreement.
4. ReRresentations of the School District.
(a) On October 8, 1981, the electorate
of the School District approved a 5.0 mill
continuous levy first effective for the 1981
payable 1982 property taxes. This levy is
hereinafter referred to as the "1981 Levy".
(b) On February 27, 1986, the electorate
of the School District approved a 6.0 mill
continuous levy first effective for the 1986
n payable 1987 property taxes. This levy is
hereinafter referred to as the "1986 Levy ".
(c) According to the Minnesota Department
of Education, for purposes of the above -
mentioned referendum levies the tax capacity
rate equivalents of 5 mills and 6 mills are
.05226653 and .06271984, respectively.
5. Payment of Tax Increments to School District. The
City and the School District hereby agree that, except as
otherwise provided pursuant to paragraph 6 of this Agreement,
tax increments shall be paid to the School District by the HRA
as and to the extent received by the HRA, beginning with such
tax increments relating to the 1989 payable 1990 property
taxes, as follows:
(a) TIF District Nos. 9 and 10. Since
TIF District Nos. 9 and 10 were requested for
certification after May 1, 1988, the
Subdivision does not apply to those Districts,
and no tax increments attributable to the 1981
Levy or the 1986 Levy from those Districts are
payable to the School District.
3097
4
(b) TIP District No. 7. Since the 1981
Levy and the 1986 Levy were approved prior to
the date of certification of TIF District No.
7, the Subdivision does not apply to those
Levies with respect to this District, and no
tax increments attributable to said Levies from
this District are -payable to the School
District.
(c) TIP District No 5. Since the 1981
Levy was approved prior to the date of cert-
ification of TIF District No. 5, the Subdi-
vision does not apply to the 1981 Levy, and no
tax increments attributable to said Levy from
this District are payable to the School
District. Pursuant to clause b(2) of the
Subdivision, the tax increment from TIF
District No. 5 which is attributable to the
1986 Levy shall be paid to the School District.
(d) TIP District No. 3. Since the 1981
Levy was approved prior to the date of
certification of TIF District No. 3, the
Subdivision does not apply to the 1981 Levy,
and no tax increments attributable to said Levy
from this District are payable to the School
District. Pursuant to clause b(2) of the
Subdivision, the tax increment from TIF
District No. 3 which is attributable to the
1986 Levy shall be paid to the School District.
6. Further Agreements. Nothing in this Agreement is
intended or shall be applied in such a manner as to violate
the obligations and covenants made by the city or the HRA in
connection with the Tax Increment Obligations, and to the
extent but only to the extent that the application of the
terms of this Agreement would give rise to a violation of said
obligations and covenants, including without limitation, the
default in the timely and full payment of the Tax Increment
Obligations, the applicable tax increments shall be applied
instead in the manner, but only to the extent necessary, to
avoid such default or other violation of said covenants or
obligations. Nothing in this Agreement shall restrict the
city or the HRA in the exercise of the powers which they may
have relating to the Project or the TIF Districts.
i 3097 5
4 -CC
In addition, the City and the School District agree that
the provisions of paragraph 5 providing for payment of tax
increment to the School District shall be limited to a term
covering 2 tax years, specifically, said provisions shall
apply only to such tax increment attributable to the 1989
payable 1990 and the 1990 payable 1991 real estate property
taxes, respectively, and at the conclusion of said period, the
City and the School District agree to review the circumstances
and to attempt to negotiate in good faith such further
agreement or agreements as may be permitted by law and which
are acceptable to both the City and School District with
respect to discretionary payments of such applicable tax
increment to the School District.
IN WITNESS WHEREOF, the City and the School District have
caused this Agreement to be executed by their duly authorized
representatives.
CITY OF FRIDLEY, MINNESOTA
Mayor
City Manager
INDEPENDENT SCHOOL DISTRICT NO. 16
School Board Chair
Superintendent
3097 6
4 -EE
EXHIBIT B
Sec. 24. Minnesota Statutes Secc-d 1969 Sc ;p'-- e:tent,
section 469.177, subdivision 1 0 . =s ete nded to read:
S_bd. 10. (PAYMENT :O SC Ct•L FOB ~Er ?R =!:DuM
LEVY ) (a ',he
provisions of this subdivision ar:ly to tax _nc:ement financing
districts and projects for which certificat'_cn was requested
tefcre May 1, 1968, that are located in a school district in
which the voters have approved new tax capacity rates cr an
increase in tax capacity rates after the tax inure -.ent financing
district was certified_
(b) (1) if there are. no outstanding bonds on May 1, 19ES,
to which increment from the district is pled5ed, or 10 if the
referendum is approved after May 1,'1988, and there are no bonds i
outstanding at the time the referer.cu- .a is approved, that were
issued before May 1, 1988, e:- f33-= `- '`- ie- :eEe :eacc. :.- °peas :gig
tie - tax -ce •r- c =l7 -: ate - was - apprered- after-the-'ost-:ecent-issee
ef- .e -ds -:o
- wiie�►- :. :e :e- ea:- f :e..- tie - district- 4s- S:edgedT - -:E
eiaeee- fej- e: - {?i- app = =es= the authority rust annually pay to
the school district an an.ount of increment equal to the
increment that is attributable to the increase in the tax
- capacity rate under the refererdun.
if clause f3j -egp
-'es (1) does not aDDl , upon approval
by a majority vote of the governing body of the municipality and
the school beard, the authority rust pay to the school district
an amount of incremert equal to the increment that is
attributable to the increase in the tax capacity rate under the
referendum.
The amounts of these increments may be expended and
must be treated by the school district in the same manner as
provided for the revenues derived from the referendum levy
r"1 approved by the voters. The provisions of this subdivision
apply to projects for which certification Was requested before,
on, and after August 1, 1979-
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v
OUSING and REDEVELOPMENT AUTHORITY
5
COMMISSION MEMBERS: . LAWRENCE COMMERS, CHAIRMAN
SHANE PRARE VIRGINIA SCHNABEL WADER RASMUSSEN JOHN MEYER I
CITY OF FRIDLEY
DATE: June 12, 1990
TO: Housing and Redevelopment Authority
FROM: Jock Robertson, Executive Director of HRA
SUBJECT: Estimates, #5 - #8
Staff has reviewed the following estimates for accuracy and
completeness, and recommend that the HRA approve them for payment:
5. Natural Green, Inc. - $923.48 for labor and miscellaneous
parts to repair the temporary irrigation system at Lake
Pointe
6. Talberg Lawn & Landscape Service - $9,385.72 for
maintenance services on the landscaping at Lake Pointe
May 15 -June 15, 1990
7. W. B. Miller, Inc. - $1,850.00 for the relocation of
driveway for the Platen property on 5755 Central Avenue
8. Access Control Technologies - $10,973 for the completion
of ramp security installation
JR:ls
M -90 -410
EXECUTIVE DIRECTOR: JOCK ROBERTSON 6431 UNIVERSITY AVE. (4 12) 571 -3450
FRIDLEY, MN 55432
vno
reen, inc. -:�.
1660 ARBORETUM BOULEVARD
CHANHASSEN. MINNESOTA 55317 05/18/90 92443 -1
612/474 -1145 _
CITY OF FRIDLFY LAKEPOINTE
x6431 UNIVERSITY AVENUE N.E. NW CORNER OF 65 8 694
iFRIDLEY, MN 55432 1 1 FRIDLEY. MN
ATTN: JOHN THDVPSON
U
ACOOUNT
SWAN PIIKKkSE *
(04TRACT TERMS
.iii DATE
12460
7
701 NET 30 DAYS
06/17/90
DESCRIPTION
LABOR - IRRIGATION SERVICE
5/17/90 R1_PA I RE:D SYSTUY
* 2 1/2" PVC PIPE
* 2 112" PV21 CON.PRFSSION COUP. C X C
* 1" X CL GALVINIZED NIPPLE
* 1" 1 X I P10 COUPLING
* 3/4" RISER
* 1" I X I X I P15 TEE
* 1 X 112" 1 X FPT P40 COMB.
*
1/2" ID X 100' CO I I._ SWING PIPE:
* 682.0 S.S. CLAMPS
* 1/2" MALE X 112" BARB ELBOW FITTING
* 1" POLY PIPE
* OP1 -I COUIPLERS FOR HD300
COMMENTS:
° VR 1 CE 481 LLED TOTAL
45.00 19 855.00
1.24
3
3.72
12.50
1
12.50
0.91
1
0.91
0.38
1
0.38
0.60
1
0.60
0.86
1
0.86
0.70
1
0.70
0.32
4
1.28
1.00
4
4.00
0.63
2
1.26
0.22
20
4.40
8.50
4
34.00
Current Invoice Amount: 919.61
Subtotal
* Sales Tax On Amount 64.61 : ---- 3.87
Total Amount Due This Billing: 923.48
PLE:ASF INCLUDE REMITTANCE COPY WITH PAYMENT OR
I ND I CATI: I h'VO I CF Ki W.13F R 0\ YOU IR CHE (Y.. STUB .
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1, "0er't V . �� i f #t f t tit# : p ..ror €' i+ ;t . ret�t s . *1 -te da :vv* :,thi to W Ctr- th
ga. tfw#tII have 0 ezt�al va1:e- of ttt t ai; et the a is
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e M. '
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-
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1" aY °E`t 2 y ttat tStE ►mdr this e: eatu, `aYaQ
t#ho ! .[
3 idyl r e c afer tcC� 0�' 3t' #•
MY OF PIKEY
WPM,y
.
�'Z'# Ste• �� �'Ri [lW
_
t'
1
M
71
of
1Sl
1PI
IES
tM,
N. B. biller Inc.
16765 Nutria B.N.
Ramsey, HN 55303
May 29, 1990
Tp. City of Fridley
6431 University Ave. N. E.
Fridley, MN STy3 Z
#383 -90
BILL 8
FOR SERVICES RENIDERED
This bill is rail r:::rt. &s
an accom+nnd,�'.ir,
Terms are net czish i:n;
payable en pre :Feni6tiol.
FOR, SERVICES F - .N!SHEC ON: (Misc. 9005)
Original bid amount of proposal dated 11/6/89 -2,450.00
Work completed and paid '89 - 800.00
Remaining work of proposal completed 1,650.00
Additional driveway removal +200.00 _
Total amount due 1,850.00 i
C v
1 �.,._
TOPS ' F0RY.
8131 UNIVERSITY AVENUE NE
FRIDLEY, MINNESOTA 55432
AREA CODE 612 PHONE 571 -3150
VENDOR:
ACCESS CONTROL TECHNOLOGIES
23 South 9th Avenue
Hopkins, MN 55343
SHIP TO:
PURCHASE
ORDER NO.
89305
0
I DATE CONTRACT N DEPARTMENT DATE REQUIRED
L2 -19 -89 H.R.A.
MARKS
JE ACCOUNT NO.
JOB NO.
DESCRIPTION
QTY.
UNIT PRICE
AMOUNT
450 -00- 000 -4553 1 4501 PARKING RAMP SURVEILLANCE
$10,973.00
f6-ut- 11
cakes
POR T THE PURCHASE ORDER NUMBER MUST APPEAR ON INVOICES PACKAGES.
-
SE NvTE PACKING SLIPS AND ALL CORRESPONDENCE. s
:A e d.
AMOUNT DUE
$10,973.00
:MPT FROM SALES TAX AS A POLITICAL SUBDMSION OF THE STATE OF
NESOTA CITY OF FRIDLEY NO. 80303M - y • +' + - -1
- 44
IRMATIVE ACTION /EQUAL OPPORTUNITY EMPLOYER
DEPARTMENT
APPROVED BY
CLAIMS
(AT MEETING)
10
rte,
INFORMATION ITEMS
OUSING and REDEVELOPMENT AUTHORITY
11
COMMISSION MEMBERS: 'LAWRENCE COMMERS, CHAIRMAN
MANE PRARE VIRGINIA SCHNABEL WADER RASMUSSEN JOHN MEYER
CITY OF F'RIDLEY
DATE: June 13, 1990
TO: Housing and Redevelopment Authority
FROM: Jock Robertson, Executive Director of HRA
SUBJECT: Update on Environmental Audit and Management
Contract Proposals for the Rice Plaza
Shopping Center
As a followup to HRA action of May 10, 1990, environmental audit
proposals were solicited from the Institute for Environmental
Assessment, Delta Environmental Consultants, Twin City Testing, and
Westwood Professional Services.
The Institute for Environmental Assessment was chosen on the basis
of having the most complete description of services and a mid -range
cost estimate ($2,000 fixed plus $35 per lab sample). This was a
range between $1,800 and $2,500. A majority of the audit work
should be completed by June 15, 1990, with some followup records
from the Pollution Control Agency by the end of the month.
In the meantime, we are proceeding to solicit proposals for the
management and leasing agents for the property until it will be
needed for a project. The following firms have been contacted to
date, and we will give you an update at the meeting:
Coldwell Banker
Eberhardt Realty
Security Development Company (already declined)
Mel Goldstein
Myron Stryker
Kordiak Realty
We plan to review at least three proposals and references and then
bring a recommendation to the HRA for the July 12, 1990, meeting.
JR:ls
M -90 -414
EXECUTIVE DIRECTOR: JOCK ROBERTSON 6431 UNIVERSITY AVE. MI 2) 671 -3450
FRIDLEY, MN 55432
OUSING and REDEVELOPMENT AUTHORITY
12
COMMISSION MEMBERS: -LAWRENCE COMMERS, CHAMMAN
MANE PRARE VOGNIA SCHNABEL WALTER RASMUSSEN JOHN MEYER
CITY OF FRIDLEY
DATE: June 14, 1990
TO: Housing and Redevelopment Authority
FROM: Jock Robertson, Executive Director of HRA
SUBJECT: Status of Proposed Lease Equipment Security for
Pappy's Foods
At this time, Keith Warner of Pappy I s Foods is still working on the
financial plan for the lease of equipment and the proposed project
in the old Service America building at Central Avenue and Fireside
Drive. In the meantime, Steiner Development has forwarded an
acceptable letter of intent to purchase the Service America
building and has apparently reached a tentative agreement to lease
the building back to Pappy's Foods.
At the same time, Steiner Development is negotiating with Service
America to build a smaller 10,000 sq. ft. building in the rear
portion of the lot and lease it back to the Service America. The
agreement has not been reached on this component of the proposal.
This site is the same site that Service America proposed to sell
to Pro Engineering last fall and for which the HRA authorized
setting up a TIF district. The HRA may wish to consider setting
up the district to capture the increment from this additional
building in the near future; however, for such a small building,
it may not be cost effective. We will keep you informed on this.
In the meantime, we have received from Jim Casserly a schedule for
enlarging the redevelopment project area so that the HRA can
consider providing equipment lease security for Pappy's Foods at
the July or August HRA meeting. (See the attached memo from
Casserly Molzahn dated May 31, 1990.)
JR:ls
M -90 -424
EXECUTIVE DIRECTOR: JOCK ROBERTSON 6431 UNIVERSITY AVE. (e 12) 671 -346
FRIDLEY, MN 55432
.J1.A17 1L -'W L". QV
6
il<.'1 1.111 - 1 - - . . 1 1 ✓
12 -A
Casserly Molzahn & Associates, Inc.
215 South 11 th Street, Suite 200 - Minneapofis - Mnnesota 55403
Office (612) 342 -2277 - Fax (612) 332 -4765 _
TO: Jock Robertson
FROM: Mary E. Molzahn
James R. Casserly
RE: Modification of Redevelopment Project No. 1 to Include
Pappy's Foods Site
DATE: May 31, 1990
Listed below is an approximate time schedule of the activities
required to expand the City's Redevelopment Project No. 1
(Project Area). It is our understanding that increasing the
geographic size of the Project Area is the only modification
desired.
Wednesday, July 11, 1990:
Wednesday, July 11, 1990:
Thursday, July 12, 1990:
Monday, July 23, 1990:
Notice of public hearing to be
published in the City's official
newspaper; 10 to 30 days prior to
the public hearing is required.
This is the latest date notice can
be published.
Planning Commission Meeting:
review and recommendation on the
proposed modification to expand the
existing Project Area.
HRA Meeting: Review, approval and
adoption of the proposed
modification to expand the existing
Project Area; recommendation for
same to the City Council.
City Council Public Hearing:
Review, approval and adoption of
the proposed modification to expand
the existing Project Area.
/0"1
612 332 4765
JUN 12 190 14:27
ADMIRAL MERCHANTS -
592 P03
12 -B
Because the Planning Commission meets only on June 20th next
month, and since this meeting date does not fall before either of
the June City Council or HRA meetings, the public hearing cannot
be held until July. If additional time is desired between the
Planning Commission meeting on 7/11 and the HRA meeting on 7/12,
the Planning Commission could review the modification at its June
20th meeting.
We will provide the City and HRA with the following documentation
required to modify the Project Area:
(1) notice of public hearing;
(2) Planning Commission, HRA and City Council resolutions;
(3) modified Redevelopment Plan.
r1
13
OUSNG and REDEVELOPMENT AUTHORITY
COMMISSION MEMBERS: LAWENCECOMMERS,CHAIRMAN
DUANE PRARE VRGN1A SCHNABEL WALTER RASMUSSEN JOHN MEYER
CITY OF FRIDLEY
June 14, 1990
Richard P. Bienaphl
President
Waterford Group
One Appletree Square, Suite 1250
Bloomington, MN 55425
Dear Mr. Bienaphl:
We are presently in the process of reviewing the proposal by you
and Mr. Boisclair for the City of Fridley to acquire the Village
Green housing project with a tax -free bond issue for the purpose
of participating in a apartment rehabilitation project on East
River Road. At this point, James O'Meara, HRA bond counsel, is
reviewing some of the legal and financial questions raised by this
unique offer. If these questions can be satisfied, staff is
interested in proceeding to prepare a presentation of the proposal
for the Fridley City Council and then the Fridley Housing &
Redevelopment Authority. ;
Please feel free to contact me concerning the preliminary schedule
for the potential review of this proposal.
Sincerely,
Jock Robertson
Executive Director
Fridley HRA
JR /dn
C -90 -349
E DIRECTOR: JOCK ROBERTSON 6431 UNIVERSITY AVE. !e 12) 671 -3460
�� FRIDLEY, MN 55432
/'1
r USING and REDEVELOPMENT AUTHORITY
COMMISSION MEMBERS: LAWRENCE COMMERS, CKAMMAN
SUAW PRAl1E SOMA SCHNASEL WALTER RASMUSSEN JOAN MEVER
CITY OF FRIDLEY
DATE: June 13, 1990
TO: Housing and Redevelopment Authority
FROM: Jock Robertson, Executive Director of HRA
SUBJECT: Summary of Developer Contacts and Activities
for May 14 - June 11, 1990
1. I received and reviewed with Jim Casserly two alternative TIF
plans for an adjacent pay -as- you -go district for the two
houses east of the 10,000 Auto Parts site. Council
essentially has a choice of creating the additional renewal
and renovation district and pay -as- you -go note for $315,000
in 6 1/2 years or, as an alternative, allocate part of the
project to the existing pre -1979 redevelopment district and
pay off a $372,000 pay -as- you -go note in 10 years. (See
Casserly Molzahn memos of May 15 and May 17 under separate
cover.) Recommended to the City Council the option of
creating a 6 1/2 year Renewal and Renovation District on the
two lots to the east of the existing redevelopment district
in order to minimize the City's subsidy for the project.
2. I met with Jim Winkels of Jackson -Scott & Associates, Inc.,
and Jim Casserly regarding potential new tax increment
district for Bob's Produce Ranch and the old Cub Food store
site. It would appear that this proposal would be an ideal
project to met the new state TIF laws for a renewal and
renovation district. We will follow up with parcel legal
descriptions and land and building market values in order to
estimate the potential tax increment yield for such a project
and district.
3. We met with representatives of Boisclair Corporation to
discuss their proposal for a multi - family housing rehab
project for the apartment area between Georgetown Apartments
and Stevenson Elementary School west of East River Road. The
project as proposed would envision the HRA purchasing Village
Green apartments in order to preserve their low and moderate
income as well as elderly housing eligibility. The income
from the project would be used to partially finance the
rehabilitation of the apartments on East River Road. There
F CUTIVE DIRECTOR: JOCK ROBERTSON 6431 UNIVERSITY AVE. (d 12) 571 -3450
FRIDLEY, NN 55432 EXT. 117
IQ
er Contacts and Activities
,- -unary of Develop 1990
,,,r May is - June 11,
June 13, 1990
page 2 must be
major legal and financial issues which
are several m this project is
7 We can determ ine if
researched before ally
or leg feasih�:e�
financially islatiVe changes prepared
o the
completed the review °f the- TIF le •the first draft cing and
4• I comp Casserly and will for TIF
by Jim City policy and guidelines
proposed
processing- program
materials
of a proposed busineretention
leted the review of business retention usine
5• I comp the City manager.
and prepared the first comment by for
program for review and comet and exhibits
pr a schedule project area (not TIF
6• I had Jim Cas C1 yes Predevelopment PrOj of pappy's Foods
enlarging the relocation corner of
to include the proposed at the north ently received
distric ) erica building I subsequent
to the Service n Central Avenue. a TIF district
Fireside Drive and ice America about creating for this Site. I
an inquiry from Service building proposed before this proposal
for a new 10,000 sc to build
a firm commitment
n requested Auto Mall
would be reconsidered.
of the proposed Frerland prepared
5 and 73rd Avenue with the City Manager
7• We received the feasibility Council.
at T.H. memo for the City
a briefing s financial assistance
Of the City' the current Petition
s• I prepared a brief summa the leaders evelopers
to Holly Center and Commercial
process against Urban
conversation with representatives ro ect.
preliminary ° o p$ed $150,000 renovation P
g• We had regarding a Pr P
Plaza will have
Details will follow. ency estimates that _d Oil in
Control A9 approval by
10. The State
pollution ady for agreement PP
e clean- P for the proposed 57th Place renewal an
the This is
three weeks. portion of
renovation TIF district site.
11. We completed
the TIF project and district r it ° J � Froehle•
the ERA orientation notebook an
` �-•. Summary of Developer Contacts and Activities
for May 18 - June 11, 1990
June 13, 1990
Page 3
12. I analyzed the leases, updated lease revenues, and interviewed
Security Development Company as a possible property manager
for Rice Plaza. The company subsequently called back and
declined to bid on the project, because it is too small a
property for them. I prepared a background memo for the City
Council summarizing the proposed purchase of the Levy property
by the HRA.
13. I conferred with representatives of the Insurance Mart,
apparently located in Columbia Heights, about relocating to
the Suburban Engineering building on T.H. 65. They had
requested tax increment financing assistance, and I indicated
that they are not in a district nor are they creating
additional property value.
14. We met with representatives of Woodbridge Development
Corporation concerning an alternative development proposal for
the 100 Twin site. We will have Jim Casserly prepare a quick
financial analysis concerning both tax increment revenue from
the site and potential "gap filler" financial resources.
15. We met with Jim Casserly and started preparing a proposal for
corporate office development on the southwest quadrant and
including a walk- through of the present Target N.O.C. office
by a prospective buyer.
16. We completed the first draft sketch plans based on the
previous outline for the University Avenue south gateway at
57th and University Avenues. We will have these plans ready
for review by the City Manager upon his return the week of
June 18, 1990.
JR:ls
M -90 -415
n'
Q _
AW
6
CITY OF FRIDLEY
Recreation & Natural Resource Departmen
6431 University Avenue NE, Fridley MN 55432
May 31, 1990
TO: Jock Robertson
Director of Community Development
FR: Jack Kirk
Director of Recreation & Natural Resources
RE: 491ER DAYS ACTIVITIES AT THE CITY PLAZA
The 1990 Fridley 491er Day Celebration will be held June 13 - 17,
with the bulk of the activities being held at the Fridley City
Plaza area.
The carnival will be using the parking lot to the west of Fridley
Plaza Clinic (same location as last year) and will operate from
Wednesday through Sunday night. The western segment of Fourmies
Avenue will be blocked on Monday through the following Sunday to
allow the carnival enough room to set up their rides. Fourmies
Avenue will be open from 5th Street and entrances will be open to
the Plaza Office Building and the Fridley Plaza Clinic.
A portion of the parking lot, just east of the Plaza Office
Building, will be used for AWA wrestling on Thursday evening and
for various entertainment Friday night through Sunday. The
Showmobile will be moved in on Thursday morning and some bleacher
sets will be set up on the parking ramp for the activities. This
equipment will take up several of the parking spaces, however, with
both levels of the ramp available there should be plenty of parking
during the day for the Municipal Center and the office building
needs.
I've attached a sketch of the area so you can see what is being
planned. Also, the attached schedule of 491er Days events should
be helpful.
If you have any questions, please give me a call.
JK: sj
2
UA#j. C4tVlCJ OjOW
k
" DAY
TIME
EVENT
LOCATION
SPONSOR/CHAIR
WED.
6:25PM
TWO MILE RUN
ST. PHILIPS
ROTARY
r''ED
6:30PM
PARADE
BEGIN- HIGH SCHOOL
LIONS
WED
9:OOPM
SOCK HOP
T.R.MCCOYS
T.R. MC OYS
WED
6PM -CLOSE
CARNIVAL
CITY PLAZA
_ THURS
10- 12 - - -1 -3PM
SR. BOWLING TOURNAMENT
^MAPLE LANES
r
THURS
6PM -9PM
TASTE OF FRIDLEY
CITY PLAZA
STEVE EGGERT
THURS
6PM -7PM
ECFE FAMILY RUN
H. S. TRACK
ECFE
THURS
7PM- 7:45PM
DUCK TAILS BAND
HS. TRACK
REC. DEPT
THURS.
7 - 9 PM
AWA WRESTLING
CITY PLAZA
JAYCEES
THURS
6PM - CLOSE
CARNIVAL
CITY PLAZA
THURS
9PM
MOVIE -PETER PAN
CITY PLAZA
REC. DEPT.
THURS
2 - 5PM
HISTORY DISPLAY
HISTORICAL SOCIETY
FRI
11AM - 2PM
TASTE OF FRIDLEY
CITY PLAZA
STEVE EGGERT
'RI
11:30 AM
MISS FRIDLEY FASH. SHOW
SKYWOOD INN
SUE& CHRIS MEYER
FRI
1 -3PM
SR. CRIBBAGE TOURNAMENT
AMERICAN LEGION
FRI
1 -4PM
SR. HOEDOWN
AMERICAN LEGION
FRI
2 -5 PM
HISTORY DISPLAY
HISTORICAL SOCIETY
FRI
4PM
SENIOR DINNER
AMERICAN LEGION
FRI
4-9 PM
BASEBALL CARD SHOW
COLUMBIA ARENA
FRI
5PM - 1 OPM
TASTE OF FRIDLEY
CITY PLAZA
STEVE EGGERT
FRI
6PM -CLOSE
CARNIVAL
CITY PLAZA
FRI
6PM -1OPM
ART & CRAFT SHOW
CITY PLAZA
STEVE TORG.
FRI
6:30 -1 OPM
SOFTBALL TOURNAMENT
COMMUNITY PARK
JAYCEES
FRI
7PM
POLICE /FIRE SOFTBALL SAME
COMMUNITY PARK
�--�, Page 1
s
49ERS SCHEDULE
SUN
7:30 -11:30 PM
ROCKIN HOLLYWOODS
CITY PLAZA
LIONS
SAT
SAM - I OPM
ART & CRAFT SHOW
CITY PLAZA
STEVE TORO.'
SAT
10 -12 & 2 -5PM
HISTORY DISPLAY
HISTORICAL SOCIETY
CARNIVAL
SAT
1 OAM -1OPM
TASTE Of FRI DLEY
CITY PLAZA
STEVE EGGERT
SAT
10AM - iPM
BASEBALL CARD SH01K !
COLUMBIA ARENA
SUN
COLUMBIA ARENA
SAT
10 - 10:45AM
BOB THE BEACHCOMBER
CITY PLAZA
MOUNDSVIEW KINDERCARE
SAT
10:45- 11:45AM
BIG WHEEL ATRI KE RACE
. CITY PLAZA
BURNET REALTY
SAT
1 OAM -CLOSE
CARNIVAL
CITY PLAZA
SAT
ALL DAY
TREASURE HUNT
CITY WIDE
JCS= B. SCHMIDT
SAT
NOON- 1:45PM
ETC 33 TRIVIATHON
CITY PLAZA
A.C.C.W.
SAT
1:45- 2:30PM
BEARD JUDGING
CITY PLAZA
COST CUTTERS
SAT
2:30- 4:30PM
VARIETY SHOW
CITY PLAZA
SAM - I OPM
SOFTBALL TOURN.
BALLFIELDS
JAYCEES
7
7:30- 11:30PM
MIDNIGHT RIDER
CITY PLAZA
JAYCEES
9AM
SOFTBALL TOURNAMENT
COMM. BALLFIELDS
JAYCEES
SUN
I IAM - 4PM
BASEBALL CARD SHOW
COLUMBIA ARENA
SUN
2- PM
HISTORY DISPLAY
HISTORICAL SOCIETY
SUN
1:OOPM
FATHERS DAY AT SPRINGBROOK
SPRINGBROOK
SUN
NOON - CLOSE
CARNIVAL
CITY PLAZA
SUN
7:OOPM
PAGEANT
HIGH SCHOOL AUD.
SUN
OPM
CITY BAND
COLUMBIA ARENA
SUN
DUSK
FIREWORKS
BALLFIELDS
F* 2.
RECREATION DEPT. .
VFW & MEYERS
REC. DEPT.
VFW