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HRA 11/12/1992 - 6376HOUSING AND REDEVELOPMENT AUTHORITY THURSDAY, NOVEMBER 12, 1992 7:30 P.M. WILLIAM BURNS EXECUTIVE DIRECTOR OF HRA CITY OF FRIDLEY A G E N D A HOUSING & REDEVELOPMENT AUTHORITY MEETING THURSDAY, NOVEMBER 12, 1992, 7:30 P.M. Location: Council Chambers Fridley Municipal Center 6431 University Avenue N.E. CALL TO ORDER ROLL CALL APPROVAL OF MINUTES: October 8, 1992 ACTION ITEMS: CONSIDER SCHOOL DISTRICT x#13 TIF TURNBACK. ! . . . . . 1.1 -1.9 CONSIDER APPROVAL OF PLEDGE AGREEMENT FOR THE ISSUANCE OF A GENERAL OBLIGATION TEMPORARY TAX INCREMENT BOND . . . . . . . . . . . . 2 CONSIDER EASEMENT FOR ELECTRICAL CONTROL BOXES VOR,NSP . 3.1 -3.3 CLAIMS AND EXPENSES . . . . . . .. . . . . 4.1 -4.4 INFORMATION ITEMS: HOUSING PROGRAM UPDATE . . . . . . .. . . . . . . . . 5 RICE PLAZA UPDATE . . . . . . . . . . . . . . . . . . . . 6 PROPOSED ADVERTISEMENT FOR JANUARY CORPORATE REPORT. . . 7 OTHER BUSINESS ADJOURNMENT CITY OF FRIDLEY HOUSING & REDEVELOPMENT AUTHORITY MEETING, OCTOBER 8, 1992 ------ ~~ --------------------------------------------------------- CALL TO ORDER: Chairperson Commers called the October 81 1992, Housing & Redevelopment Authority minutes to order at 7 :35 p.m. ROLL CALL: Members Present: Larry Commers, Virginia Schnabel, John Meyer, Duane Prairie, Jim McFarland Members Absent: None Others Present: William Burns, Executive Director of HRA Barbara Dacy, Community Development Director Rick Pribyl, Finance Director Paul Hansen, Accountant Jim Casserly, Consultant Don Fitch, Fridley Dairy Queen APPROVAL OF SEPTEMBER 10, 1992, HOUSING & REDEVELOPMENT AUTHORITY MINUTES: MOTION by Ms. Schnabel, seconded by Mr. Prairie, to approve the September 10, 1992, Housing & Redevelopment Authority minutes as written. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. 1. CONSIDER REQUEST BY DON FITCH FOR NOVEMBER, DECEMBER, AND JANUARY RENT: Mr. Commers stated Mr. Fitch, owner of the Dairy Queen, is requesting a rent reduction for the months of November, December, and January from $500 per month to $100 per month. Mr. Don Fitch stated that earlier this year he had hoped that by fall he would be relocated in the northeast quadrant. With that anticipation, he hired two full -time employees because he hoped that in the new location, he would have a year around facility. He stated that he usually closes the Dairy Queen around the end of October, and that is why the lease states that he will pay rent during the eight months he is open and he will not pay rent during the four months he is closed. HOUSING & REDEVELOPMENT AUTHORITY MTG.. OCT. 8. 1992 PAGE 2 Mr. Fitch stated he is still optimistic that the Dairy Queen will still be a part of the redevelopment of the 10,000 Auto Parts site and that he will not have this problem .a year from now. Because of that, he is hoping to stay open through the winter and keep the employees he hired full -time. If he closes the Dairy Queen, he will be paying no rent. He is proposing that he keep the Dairy Queen open, minimize his rent, so that he can minimize his losses and keep his full -time staff as well as his part -time staff on through the winter. Mr. Fitch stated that most of his employees are residents of Fridley, and he is hoping he can get a rent reduction in order to give them a job through the holiday times which is not a good time to be laid off. Mr. Commers stated that the Dairy Queen lease expires on November 30, 1992. Mr. Fitch stated that he believed that unless formal written notice is given, the lease will continue on a month -to -month basis after November 30, 1992. Mr. Commers stated that if that is the case, the rent Mr. Fitch is paying now may not remain the same. Mr. Fitch stated he realized that the HRA would have every right to raise his rent after November 30. Mr. Commers asked the status of the condemnation. Mr. Fitch stated that at the present time, since he does not yet know if he will be able to relocate in the 10,000 Auto Parts re- development, he has made the necessary steps to file a suit to take the City to court on the condemnation, from the position that if the 10,000 Auto Part site falls apart, he will have no place to go. Mr. Commers stated the City's appraisal was around $120,000. What was the final Commissioner's award? Mr. Fitch stated the final Commissioner's award was $165,000. His appraisal was $325,000. Ms. Schnabel stated that Mr. Fitch's request seems reasonable since the alternative would be to close down the Dairy Queen, at which point the HRA would be receiving no income from the property. Mr. Commers stated the biggest problem he has with this request is the fact that it is going to cost the HRA a lot of money to handle the lawsuit against Mr. Fitch. By Mr. Fitch appealing the Commissioners' Award of $165,000, it is going to cost the City several thousands of dollars to defend that case. Of course, Mr. Fitch has every right to pursue that and should if he doesn't feel HOUSING & REDEVELOPMENT AUTHORITY MTG., OCT. 8, 1992 PAGE 3 the award is fair, but it is also hard to justify the reduction in rent on the part of the HRA. Mr. Fitch stated he would be willing to consider dropping all charges or any continuation of any legal condemnations for the condemnation if he knows he is going to be relocated to the 10,000 Auto Parts site and potentially what the assistance from the HRA would be. He does not want to cause any ill will between himself and the City of Fridley and if he can stay out of court, he will do so. Financially, he has to do what he has to do. Mr. Commers asked what has been done on the relocation issue. Ms. Dacy stated nothing has been done at this point. Mr. Commers stated he believes the HRA would be willing to consider some assistance for the redevelopment of the 10,000 Auto Parts site, but when Mr. Fitch says he will drop the proceedings once he knows what he would get in the way of assistance, that appears to put a little bit of leverage on this whole thing. Mr. Fitch stated it is difficult to try to separate what he sees as two separate issues, but at this time, he is requesting a rent reduction for the months of November, December, and January to allow him to remain open during the winter months so that he can keep his employees year- round. Mr. Commers asked staff's opinion on Mr. Fitch 's request for a rent reduction. Ms. Dacy stated that because Mr. Fitch has chosen to file the appeal, staff is also concerned about that appearance. Maybe the compromise is for the HRA to consider having Mr. Fitch pay the deferred amount until a later point in time or subtract those costs from any type of relocation costs, if there are any. Mr. Commers asked Mr. Fitch what he thought of staff's suggested compromise. Mr. Fitch stated he would probably not view that as a compromise. It is not so much an issue of whether he has the money in the bank to pay it; it is a matter of whether or not he takes the $400 and uses it to offset wages and stay open, or take $500 and use it to offset wages and close. Mr. Meyer stated he sees Mr. Fitch's request as separate from the condemnation issue. He sees this request as a straightforward small time business deal. No matter what happens with the legal action, $1,200 doesn't represent enough for the City to leverage anything against Mr. Fitch or for Mr. Fitch to leverage anything against the HRA. He would be in favor of granting this request. HO_U_S_ING & REDEVELOPMENT AUTHORITY MTG., OCT. 8, 1992 PAGE 4 MOTION by Mr. McFarland, seconded by Mr. Prairie, to approve the request by Don Fitch of the Dairy Queen for a rent reduction from $500 per month to $100 per month for the months of November, December, and January. UPON A VOICE VOTE, MCFARLAND, PRAIRIE, SCHNABEL, MEYER VOTING AYE, COMMERS VOTING NAY, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED BY A VOTE OF 4 -1. Mr. Fitch stated he and his employees thank the HRA very much for approving this request. 2. CONSIDER APPROVAL OF AGREEMENTS TO RETURN TAX INCREMENT TO SCHOOL DISTRICTS: Mr. Hansen stated that what the HRA has before them is the one year agreement for 1993. That is pay 1993 which is January 1, 1993, to December 31, 1993. That applies to the school district year of July 1, 1993, to June 30, 1994. Mr. Burns stated they are looking at paying out a total of $338,913.17 in pay 1993. That is a decrease of 10% from what they are estimating to pay out in 1992, and it does not include any consideration of potential delinquencies.. It could actually be less if the delinquencies are taken into consideration. Mr. Burns stated he asked the Finance Department to prepare a cash flow projection for the HRA's information. One of the assumptions that is included in the cash flow projection is that they will be making full payment of these discretionary TIF turn -backs to the four school districts. Based on estimated guesses, it does look like they can accommodate the Lake Pointe debt service and the TIF turnback and also the $500,000 housing program they are projecting. The housing program is only projected for five years. Mr. Burns stated some conservatism is also built into the cash flow projection in that they really had not projected any new development anywhere. They did plug in Wal -Mart and did adjust downward for the changes in the tax rate for the Spring Brook Apartment property. Overall, these projections are reasonable and conservative and fairly accurate. Mr. Burns stated staff is recommending the HRA once again return the TIF discretionary money to the school districts. Mr. Burns stated School District #14 is heading for a referendum this fall. What the HRA doesn't pay the School District in TIF returns represents additional cuts for the School District. Mr. Pribyl stated that the Lake Pointe site lies within School District #13. Depending upon the result of the negotiations on the Lake Pointe site, there might be a windfall to School District HOUSING & REDEVELOPMENT AUTHORITY MTG., OCT. 8, 1992 PAGE 5 #13 in regard to penalties and interest. With tax increment properties, the penalties and interest are split 50/50 between county and school district, so School District #13 might have a windfall. It might be prudent for the HRA to wait and reduce the amount of TIF returns to School District #13 by the amount of enrichment based on the settlement of the penalties and interest. Mr. Burns stated that the penalties and interest could total approximately $150,000. Mr. Commers stated that if the owner of the Lake Pointe property had paid the taxes in 1990 and 1991 like he was supposed to, School District #13's return would have been increased. Mr. Casserly stated that is correct. Had the taxes been paid timely, School District #13 would have received those funds; and if School District #13 was counting on that money, they would have experienced a shortfall during that period of time. The real cost to the School District is making up that shortfall from some other funds or taking it out of reserves. The problems with the penalties and interest, if it was just the interest portion, would not be so bad. But the penalties are put in to encourage property taxpayers to pay taxes on time. That is the part that becomes the windfall. Those are not allocated among the taxing jurisdictions proportionately. The law provides that the county and school district each get half of penalties and interest. What staff is suggesting is that there is a portion of this which is genuinely a windfall to the jurisdictions. Staff needs a little more time to find out what is really going to happen. Mr. Burns stated that the HRA could approve the TIF returns to School Districts #11, #14, and #16, but hold up on #13 at this time. Mr. Commers stated he was not sure philosophically whether he quite follows the windfall thing and that they should keep this money from School District #13. Maybe it should be computed how much School District #13 would have collected in the three years without penalties. Mr. Casserly stated School District #13 will be reimbursed for everything they should have received in the second half of 1990, all of 1991 and 1992. Staff is only talking about the excess amounts, not the original amounts. Mr. Commers stated he would appreciate staff putting together some numbers for the HRA for School District #13, and then the HRA can go ahead and approve the TIF returns to the other school districts now. MOTION by Ms. Schnabel, seconded by Mr. Prairie, to approve the agreements returning tax increment to School District #11 in the HOUSING & REDEVELOPMENT AUTHORITY MTG., OCT. 8, 1992 PAGE 6 amount of $17,685.71, School District #14 in the amount of $242,046.07, and School District #16 in the amount of $52,616.68. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. 3. CONSIDER RESOLUTION NO. HRA 6 -1992 AUTHORIZING EXECUTION OF AGREEMENT TO ACQUIRE EXCLUSIVE DEVELOPMENT RIGHTS ON LAKE POINTE PROPERTY: Mr. Burns stated the City has reached an agreement with Woodbridge Corporation to purchase the Lake Pointe property, and they are now in the process of having the agreement approved. Since both the HRA and the Council are involved at different points iris the execution of the agreement, staff believed it was important to have both the HRA and Council approve the agreement. The Council reviewed and approved the agreement on October 5, 1992. Mr. Burns described the content of the Resolution. He would also review the highlights of the Lake Pointe agreement. Mr. Burns stated the HRA is paying the Redeveloper $4,230,000 to terminate his interest in the site and to terminate the $5,603,735 revenue note given to him in 1985. In addition, the HRA is assuming responsibility for taxes, penalties, and interest due on unpaid taxes. The.total delinquent taxes as of December 15, 1992, will amount to $1,036,951.46. The TIF portion of those taxes due is $464,429.00, so the next cost to the HRA if they wait until December 15 to pay the back taxes is $572,522.40. If the HRA decides not to get the property tax exempt until the site develops, they will owe more taxes in subsequent years. The 1993 tax bill would be $157,488.00. That is another issue staff will be bringing to the HRA at another time. Mr. Burns stated the City is currently seeking abatement of penalties and interest with the County. Mr. Burns stated the Agreement provides for a settlement escrow agreement. Under this settlement escrow agreement, a number of documents are going to be deposited with an escrow agent. The Redeveloper is going to assign a quick claim deed assigning the property to the City. The Redeveloper is also going to assign his interest in the two purchase agreements for the two adjoining parcels which will be used for rebuilding the roadway system in and out of the site to the HRA. The Redeveloper is going to put the original revenue note into that escrow account. The only thing the HRA is required to put in the escrow account is a signed copy of the Termination Agreement. On or before approximately, December 15, 1992, the HRA is to deliver the money and deliver a directive in writing to the escrow agent to release the $1 million escrow amount, plus accumulated interest, that the redeveloper provided at the onset of the agreement. HOUSING & REDEVELOPMENT AUTHORITY MTG., OCT. 8, 1992 PAGE 7 Mr. Burns stated the Redeveloper and the HRA will split the cost of the escrow agent. The HRA is responsible for the title insurance expense, and the Redeveloper will sign all these agreements and put them into the escrow before the HRA pays any taxes at all. Mr. Burns stated Jim Casserly and Barbara Dacy have put a lot of hard work into these negotiations. He stated staff is recommend- ing the HRA approve Resolution No. HRA 6- 1992. Mr. Commers stated he has followed these negotiations, and Mr. Casserly has done a very good job. The important factor here is that the HRA is back in control of the Lake Pointe property. Also, because of the favorable interest rates, purchasing the property is not going to hurt any of the HRA's other projects as much as might have been anticipated. MOTION by Ms. Schnabel, seconded by Mr. McFarland, to approve Resolution No. HRA 6 -1992, "A Resolution Authorizing Execution and Delivery of an Agreement By and Between the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota; the City of Fridley, Minnesota, and Lake Pointe Investment Company, a Limited Partnership ". UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. Mr. Burns stated another big advantage in approving the resolution tonight is they are helping to preserve some of the tax increment pot that is quickly running out. 4. CLAIMS AND EXPENSES: a. Check Register (2248 -2255) MOTION by Mr. Prairie, seconded by Mr. Meyer, to approve the check register dated October 1, 1992. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. 5. STATUS REPORT ON MISSISSIPPI STREET IMPROVEMENT PROJECT: Ms. Dacy stated this is a status report regarding the road improvement costs, underground and utility lines, sewer and water utility costs, and the corridor improvements. Total improvement costs are well within the budget originally anticipated by the HRA. 6. RICE PLAZA UPDATE: HOUSING & REDEVELOPMENT AUTHORITY MTG., OCT 8, 1992 PAGE 8 Mr. Commers stated that as the end of the year approaches, he would like staff to put together a pro forma showing what the HRA's projected expenses would be for next year. 7. OTHER BUSINESS: a. Housing Programs Mr. Burns stated staff is making progress on the housing programs. Staff has been putting in quite a bit of time in defining four different housing rehab programs. They have not yet defined a way to do rental rehab, but they will continue to work on that. Mr. Burns stated that it was his initial hope that perhaps they could contract out the whole housing program; however, it is looking more and more like they will need to hire a housing coordinator and probably one clerical person to assist the housing coordinator. He anticipates a request in the near future from staff asking the HRA to hire one or two employees. These salaries would be part of the $500,000 set aside for housing programs. b. Annual Financial Report, December 31, 1991 Mr. Hansen handed out copies of the HRA's Annual Financial Report. Mr. Commers stated he would like to add discussion of the Annual Financial Report to the November HRA agenda. ADJOURNMENT: MOTION by Ms. Schnabel, seconded by Mr. Prairie, to adjourn the meeting. Upon a voice vote, all voting aye, Chairperson Commers declared the motion carried and the October 8, 1992, Housing and Redevelopment Authority meeting adjourned at 9:10 p.m. Respectfully su itted, 4Ly e Saba Recording Secretary 1 1 TO: WILLIAM W. BURNS, CITY MANAGER 41P FROM: RICHARD D. PRIBYL, FINANCE DIRECTOR SUBJECT: RETURN OF REFERENDUM LEVIES TO SCHOOL DISTRICT 13 DATE: November 6, 1992 At the last HRA meeting I commented on the penalties and interest that Columbia Heights School District might receive with the payment of taxes on Lake Pointe. As you recall, based on this comment the HRA wanted to further investigate the penalty and interest on the settlement of taxes. Since the tax issue is still undecided it is the Staff's recommendation at this point to return the increment to District 13 along with the three other school Districts. When this item was presented to the City Council for their approval they tabled the item until Staff could present to them all four districts. Since the HRA has previously approved the other three school districts agreements I have attached the copy of the 1993 agreement for School District #13. The table below breaks down the increase and decreases from 1992 to 1993 for each school districts: School Estimated Estimated Percentage District 1992 1993 Increase /(Decrease) 11 $ 18,335.71 $ 17,685.71 (4 %) 13 $ 27,308.37 $ 26,564.71 (3 %) 14 $272,604.13 $242,046.07 (11%) 16 60 155.92 $52,616.68 (13%) TOTAL $378,404.12 $338,913.17 (10 %) RDP /me AGREEMENT This Agreement is dated as of January 2, 1993, is by and between the City of Fridley, Minnesota, and Independent School District No. 13, and provides as follows: 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. "Project" 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. "1985 G.O. Bonds" means the City's $11,550,000 Variable Rate Demand General Obligation Tax Increment Bonds, Series 1985, dated December 30, 1985. "1986 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 224188 1.2 1.3 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 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 12 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 101 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, 10, 11 and 12 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 224188 2 JA 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 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 i, 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 224188 3 1.5 and 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 111981 Levy ". (b) On September 231, 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 111986 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 .078759104, respectively. (d) On November 6, 1990, the electorate of the School District approved a .08 tax capacity rate levy authorized for 7 years and first effective for the 1990 payable 1991 property taxes. This levy is hereinafter referred to as the 111990 Levy". 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 224188 4 M as and to the extent received by the HRA, with respect to the tax increments relating to the 1992 payable 1993 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 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. 6 which is attributable to the 1986 Levy and the 1990 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 and the 1990 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, the 1986 Levy, and the 1990 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. 224188 5 1.7 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 and shall apply only to such tax increment attributable to the 1992 payable 1993 real estate property taxes, 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. 13 School Board Chair Superintendent 224188 6 EXHIBIT A Schedule of Tax Increment Financing Districts Within Housing and Redevelopment Project No. 1 of the Fridley HRA TIF District Name 1 Center City 2 Moore Lake 3 North Area 4 Johnson Printing/ 9/7/89 Skywood Mall 5 Paschke 6 Lake Pointe 7 Winfield 8 Shorewood 9 Onan /Old Central 10 Northco Phase III 11 Osborne Crossings 12 McGlynn Bakeries 224188 7 Independent Certification School Date District No. 5/11/79 14 7/31/81 13/14 5/19/82 11/16 1/20/84 13/14 3/15/84 16 12/24/85 13 10/22/86 16 10/24/86 14 9/7/89 16 4/10/90 16 1/31/92 16 5/5/92 14/16 1.8 1.9 EXHIBIT B Sec. 24 . .'�_,nnesca Statutes Seccnd I5C-9 to read: sEct cn 4f?.-177, s-_;b-d1'v_4s_:cn 10, -:s a:-.e :.ded p :C-s c f s E, u -d E::=Iy to tax 7,cre.-.e.-,t C_:str_:cts and _`c: -.:*--,ch ce:tificaticl vEs :ec-:ested �efc:e vav 1, 1-CS8, that are iccatEd ;-.i a schoc! diStlict, -.zhich .he '.-CtErS have approved 'lax capacity rates Cr En i:-.Crease !.1 tax capacity rates -After the tax 1'cre:7.ent financi:-.g. district vas certified. (1) If t)-.e:e are no c--ts"znding bc.-ds 0.71 '-IaY 1, 13EB, to whlc.i frc-m the d-st:-5cu is -.)Iedced, cr e is 2_ zrcved after 1,* 1SES, and there are no Dc-ds c,_,tStard_;.-.c at the t_ -.e the -;s approved, that -.:e:e i s s -: E d '- e fc e :fay 1, 13 8 8 , c c - r c - n- : t: !.- - * n c : c n _ Z. n 5 c- t n x - c n =1 c 1- r it c - w a 5 - m v c - t t c -Z - t c c en c C;, -=.S-n=cccc_T a.:t!lcrity m%:st annually icy to the school district an amcuntl cf ec,�a! to the j-cre-.ent IL'I-at is attributable to 'the increase i.-I the tax capacity rate vnder the refcre-c-.:.m. (2) If claL :se f3j-zn=!_cn (1) does nct apply, vPcn EPOr"al by a majority vote of the ccve:-n_;n(g body of the municipality and the sc!.00l board, the :-.-.;st say to the school district an a-..cu:-t of ec-.-,al tc the ;I- c:e:7•ent that is att r 4 '-­.;table to the increase -;:- the tax Capacity rate i::der t'-.e refere-&jm. Lj The amcunt-s of these :_.7crements may be expended and must be treated by the sc',ccl --:-st,,-;ct in the _a:,-,e manner as prc-.,-,*ded fcr t`.e revenues from the referendum levy aT_Prc,..C-d by ,,.e voters. '!`ie _--visicns of this subdivision apply to protects fcr -_-hic.h c=__--_;f-cat_;cn was recuested before c.1, a,-.6 after 1, 19 Community Development Department D HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley DATE: November 6, 1992 TO: William Burns, Executive Director of HRA FROM: Barbara Dacy, Community Development Director SUBJECT: Consider Approval of Pledge Agreement for the Sale of General Obligation Temporary Tax Increment Bonds On October 19,.1992, the City Council authorized the issuance of $4,875,000 in temporary general obligation tax increment bonds. The purpose of the bonds is to purchase the development rights for the 100 Twin Drive -in site. Bond counsel has advised us that the F[RA needs to approve a Pledge Agreement for the sale of the bonds. The Finance Department will be distributing the Pledge Agreement at Thursday's meeting. The HRA will need to pass a motion to authorize execution of the Pledge Agreement. BD:ls M -92 -685 TO: WILLIAM W. BURNS, CITY MANAGER FROM: RICHARD D. PRIBYL, FINANCE DIRECTOR SUBJECT: RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF A NEW PLEDGE AGREEMENT FOR THE $4,030,000 GENERAL OBLIGATION TEMPORARY TAX INCREMENT BONDS, SERIES 1992C DATE: November 12, 1992 Attached is the new pledge agreement that we have received from Jim O'Meara. This pledge agreement acknowledges the desire of the HRA to acquire the title to the development property known as Lake Pointe. The agreement also acknowledges the cancellation of all prior agreements associated with the original development contracts and notes with the developer. The agreement goes on to review the sizing of the new temporary bond issue required for the acquisition of the development property and the required pledge of increment necessary for the repayment of the debt. RDP /me Attachment Extract of Minutes of Meeting of the Board of Commissioners of the Fridley Housing and Redevelopment Authority Pursuant to due call and notice thereof a regular or special meeting of the Board of Commissioners of the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota, was held at the Fridley Municipal Center on November 12, 1992, commencing at P.M., C.T. The following Commissioners were present: and the following were absent: The following Resolution was presented by Commissioner , who moved its adoption: RESOLUTION NO. RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF TAX INCREMENT PLEDGE AGREEMENT RESPECTING $4,030,000 GENERAL OBLIGATION TEMPORARY TAX INCREMENT BONDS, SERIES 1992C WHEREAS, at the request of the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota (the "HRA"), it is anticipated that the City of Fridley, Minnesota (the "City "), will award the sale of its General Obligation Temporary Tax Increment Bonds, Series 1992C, dated as of December 1, 1992 (the "Bonds "), in the approximate principal amount of $4,030,000, pursuant to Minnesota Statutes, Section 469.178, Subdivisions 2 and 5, and Chapter 475, to finance certain expenditures for certain public redevelopment costs (the "Costs ") undertaken and incurred by the HRA within the HRA's Redevelopment Project No. 1. NOW, THEREFORE, IT IS HEREBY RESOLVED by the Board of Commissioners (the "Board ") of the HRA as follows: 228730 1. It is necessary and desirable that the City issue, and the HRA hereby requests that the City issue, the Bonds in order to provide financing to the HRA for the Costs. 2. The Tax Increment Pledge Agreement attached hereto and made a part hereof is hereby approved, and the representations, covenants and provisions contained therein are hereby ratified and confirmed by the Board, and the officers of the HRA are hereby authorized and directed to take such steps as may be necessary to execute said Agreement, in substantially the form as attached (with such amendments thereto as the officers executing the same shall approve, as evidenced by their execution and delivery thereof) , upon approval and execution thereof by the City, and to carry out and fulfill the provisions and requirements thereof. 3. The officers of the HRA are authorized and directed to execute; in connection with the issuance of the Bonds, such certificates as may be required or requested by bond counsel with respect to past and future .project activities, including without limitation the Costs, and such certificates shall constitute representations of the HRA. Adopted by the Board of Commissioners of the Fridley HRA this 12th day of November, 1992. Chairman ATTEST: Executive Director The motion for the adoption of the foregoing Resolution was duly seconded by Commissioner and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon said Resolution was declared duly passed and adopted. 228730 TAX INCREMENT PLEDGE AGREEMENT This Tax Increment Pledge Agreement (the "Agreement ") is dated as of December 1, 1992; is by and between the City of Fridley, Minnesota (the "City "), and the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota (the "HRA"); and provides as follows: WHEREAS, the HRA entered into a certain Contract for Private Redevelopment, dated December 20, 1985 (as amended and supplemented by other agreements, collectively, the 111985 Redevelopment Contract ") , with a certain party (the "Developer ") with respect to certain land (the "Development Property ") within the City and a certain project known as the Lake Pointe Project; and WHEREAS, the City and the HRA have entered into (or will enter into prior to the issuance and delivery of the Bonds hereinafter defined) a certain Agreement with the Developer (together with the other agreements to be executed pursuant thereto, all of which are hereinafter collectively referred to as the 111992 Lake Pointe Agreements ") , pursuant to which, among other things, the 1985 Redevelopment Contract (and all rights, interests and other agreements contemplated thereby or executed pursuant thereto, including without limitation the "Revenue Note" thereunder) will be terminated, and the HRA will acquire the title to the Development Property, and the Developer's ownership interests and development rights therein will be terminated; and WHEREAS, on December 16, 1985, the City Council adopted a resolution awarding the sale of the City's $11,550,000 Variable Rate Demand General Obligation Tax Increment Bonds, Series 1985, dated December 30, 1985 (the "Series 1985 Bonds "), to provide financing for certain other public improvements made or to be made with respect to the HRA's Redevelopment Project No. 1; and WHEREAS, in Resolution No. HRA 3 -1990, adopted by the HRA Board on March 8, 1990, in connection with issuance by the City of certain other bonds issued for the purpose of refunding an intermediate refunding of the Series 1985 Bonds, the Board found and determined that it was necessary for the HRA to retain the then approximately $2,400,000 of unspent proceeds of the Series 1985 Bonds for ongoing development and redevelopment costs incurred and to be incurred by the HRA within and for the benefit of its Redevelopment Project No. 1; and WHEREAS, in connection with the issuance of the Bonds, the Board hereby certifies that of the above described $2,400,000 of proceeds of the Series 1985 Bonds, as of December 7, 1992, there will remain not more than approximately $935,000, which figure includes all investment earnings on said proceeds of the Series 1985 Bonds in the interim, and the Board hereby determines that it 228730 is desirable and necessary to apply $735,000 of said remaining proceeds to reduce the costs otherwise to be financed by the Bonds (the balance, $200,000, of said proceeds of the Series 1985 Bonds having heretofore been committed by contract to the Sheet Metal Connectors project); and in summary, the net costs to be financed by the Bonds are as follows: Property Acquisition Costs Costs of Issuance Allowance for Discount Subtotal Less Available Proceeds of Series 1985 Bonds Less Estimated Investment Net Bond Issue (Lake Pointe) $4,699,000 35,915 30,300 4,765,215 (735,000) Earning (215) $4,030,000 WHEREAS, at the request of the HRA, the City Council has adopted or is expected to adopt a resolution (the "Bond Resolution ") awarding the sale of the City's $4,030,000 General Obligation Temporary Tax Increment Bonds, Series 1992C, dated December 1, 1992 (the "Bonds "), finance the above described net costs; and WHEREAS, to provide funds sufficient for the timely payment of the debt service on the Bonds, it is necessary for the HRA and the City to enter into this Agreement: NOW, THEREFORE, in consideration of the covenants and agreements hereof between the City and the HRA, and pursuant to Minnesota Statutes, Section 469.178, Subdivision 2, the City and the HRA hereby agree as follows: 1. In order to pay the principal of and interest on the Bonds, when due, the HRA hereby pledges to the City, for deposit in the Debt Service Account established by the Bond Resolution for the payment of the Bonds, and the HRA shall pay to the City, Available Tax Increments (hereinafter defined) in amounts sufficient to pay such principal and interest, when due, and, to the extent that the Available Tax Increments are ever insufficient for such purposes, and the City, pursuant to the Bond Resolution, advances City funds to provide prompt and full payment of the Bonds, the HRA agrees to reimburse the City for such advances from such tax increments, when collected by the HRA. As used in this Agreement, "Available Tax Increments" means tax increments derived by the HRA from the Tax Increment Financing Districts currently existing within the HRA's Redevelopment Project No. 1 (to the extent the same may be applied toward payment of the Bonds pursuant to applicable law) within the HRA's Redevelopment Project No. 1, subject to all undischarged pledges or other commitments heretofore made for such tax increments. In payment of its obligations under this Agreement, the HRA expressly reserves the right to pledge or otherwise 228730 2 dedicate such tax increments to purposes other than the payment of the obligations described above upon a finding by the HRA that the estimated Available Tax Increments then remaining will be sufficient from year to year for such purposes. The HRA acknowledges that the City is issuing the Bonds as "temporary bonds" within the meaning and subject to the requirements of Minnesota Statutes, Section 469.178, Subdivision 5, and that the City will accordingly be required, to the extent that the sources available for the timely payment of the Bonds are not sufficient for such purposes, to issue additional temporary bonds or long -term bonds (collectively, the "Definitive Bonds "), and the HRA hereby covenants to enter into such amendments, supplements, and /or replacements of this Agreement as may be required or necessary in connection with issuance of and in order to provide payment of any such Definitive Bonds. In addition, to the extent that the proceeds of any such Definitive Bonds, as so secured by pledges of revenue of the HRA, would be used to pay, refund, or refinance portions of the Bonds, the foregoing pledge of Available Tax Increments would be modified accordingly, to the effect and with the intention, however, that all debt service on the Bonds and such Definitive Bonds would be and remain the ultimate responsibility of the HRA and the Available Tax Increments. 2. An executed copy of this Agreement shall be filed with the County Auditor of Anoka County, as required by Minnesota Statutes, Section 469.178, Subdivision 2. 3. This Agreement shall become effective upon the actual issuance and delivery of the Bonds. 4. For the benefit of the City as the issuer of the Bonds, and for the benefit of the registered owners from time to time of the Bonds, the HRA hereby certifies, finds, represents, and /or covenants as follows: (a) None of the private development of the Development Property envisioned by the 1985 Redevelopment Contract has occurred. (b) Pursuant to the 1992 Lake Pointe Agreements, all prior agreements executed with or for the benefit of the Developer in connection with the Lake Pointe Project have been terminated or will be terminated prior to the issuance of the Bonds. (c) No Assessment Agreement (as defined in the 1985 Redevelopment Contract) has ever been executed or filed. 228730 3 (d) The Revenue Note has been or will be canceled in connection with the termination of the 1985 Redevelopment Contract, and no payments have ever been made thereon. (e) The HRA will own, maintain, carry and be Uresponsible for the Development Property at least as long as the Bonds are outstanding. (f) The HRA is aware of no private interest at this time in the Development Property or any portion thereof, and has no prospective private users in mind for such property. There are no preliminary or other negotiations proceeding between the HRA and any such private users with respect to the Development Property or any portion thereof. (g) The HRA does not have and will not enter into any direct, indirect, or underlying agreements or arrangements with any party that is not a governmental unit with respect to the use of or interest in the Development Property as long as the Bonds are outstanding, and the HRA will not allow any use of the Development Property which is not a use by a governmental unit for its public purposes as long as said Bonds are outstanding. (h) The HRA covenants that it will not sell, otherwise convey, or grant any interest in the Development Property (or close on any sale or other disposition thereof) with any such non - governmental entity as long as any of the Bonds remains outstanding. IN WITNESS WHEREOF, the City and the HRA have caused this Agreement to be duly approved and executed as of the day and year first above written. HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA By Its Chairman By Its Executive Director 228730 4 CITY OF FRIDLEY, MINNESOTA Its Mayor By Its City Manager (SEAL) Certificate I, the undersigned, being the duly qualified and acting Executive Director of the Fridley HRA, do hereby certify that I have carefully compared the attached and foregoing extract of minutes of a special or regular meeting of the Board of Commissioners thereof, duly called and regularly held on November 12, 1992, with the original thereof on file in my office and I further certify the same is a full, true, and correct copy thereof, insofar as the same relates to the approval of a certain Tax Increment Pledge Agreement respecting the $4,030,000 General Obligation Temporary Tax Increment Bonds, Series 1992C, of the City of Fridley, Minnesota. WITNESS my hand as such Executive Director of the HRA this day of , 1992. Executive Director Fridley HRA 228730 Community Development Department HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley DATE: November.2, 1992 TO: William Burns, Executive Director of HRA �•�� FROM: Barbara Dacy, Community Development Director SUBJECT: Consider Approval of Easement for Electrical Control Boxes for NSP As part of the effort to remove the overhead power lines and install them underground along Mississippi Street, NSP requested an area for the placement of three control boxes. NSP originally wanted to place them in the MnDOT right -of -way north of the bus shelter, but their location would prohibit construction of the berm anticipated as part of the Mississippi Street improvement project. Therefore, we agreed to have them locate the boxes in the southeast corner of the Fridley Fast Lube site (former Kiffe Automotive site). A 10 foot easement along the easterly portion of this property is needed. The control boxes are currently under construction. Keith DeGross from Fridley Fast Lube agreed with the proposed location. Parking will be interrupted on the property temporarily, but cars will be able to be parked in the parking area north of the control boxes after construction is completed. Recommendation Staff recommends that the Housing and Redevelopment Authority approve the attached easement and authorize the Executive Director to execute the easement. BD:ls M -92 -668 3.1 3.2 .f 00 i OPP = elo E � �.,.•.�.,• S�GAL - 8A-S Lo R/W N RELOCATE AUTO HYDRANT- PAIR 5 IW, TCH CFNTE /2 3 X 7' Lagv Lcx,,' 6 x Coy DC �Ll 1 J�� 'Es-m1Z. ml BUS SHELTER PER DETAIL US SHELTER TO REPLACED BY AL PROVISIONS. 3.3 Easement Corporation(s) to Corporation(s) No delinquent taxes and transfer entered; Certificate of Real Estate Value ( ) filed ( ) not required Certificate of Real Estate Value No. , 19_ by County Auditor Deputy STATE DEED TAX DUE HEREON: Date . 19 FOR VALUABLE CONSIDERATION, The Fridley Housing and Redevelopment Authority, Grantor, a Corporation under the laws of Minnesota, hereby conveys an easement to the City of Fridley, Grantee, a Municipal corporation under the laws of Minnesota, on real property in Anoka County, Minnesota. A 10 foot utility easement described as follows: The West 10 feet of the East 40 feet of that part of the Northwest Quarter of the Southwest Quarter (NW 1/4 of SW 1/4) of Section Fourteen (14), Township Thirty (30) North, Range Twenty-four (24) West, described as follows: Commencing at a point on the North line of said NW 1/4 of the SW 1/4 distant 1043.58 feet East from the Northwest corner thereof; thence Southerly parallel with the Westerly line of University Avenue Northeast, also known as State Trunk Highway #56, as the same is laid out and constructed a distance of 158 feet; thence East parallel with the North line of said NW 1/4 of the SW 1/4 a distance of 155 feet, more or less, to the said Westerly line of University Avenue Northeast, also known as State Trunk Highway #56; thence North along the said Westerly line of University Avenue, also known as State Trunk Highway #56, a distance of 158 feet, more or less to the North line of said NW 1/4 of the SW 1/4; thence West along the North line of said NW 1/4 of the SW 1/4 a distance of 155 feet, more or less, to the point of beginning. Subject to easements, dedications, conditions and covenants of record. The City of Fridley hereby accepts this easement for utility purposes. Shirley A. Haapala - City Clerk FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY BY: STATE OF MINNESOTA ) )ss County of Anoka ) The foregoing instrument was acknowledge before me this day of '19 by , the Chairman of Fridley Housing and Redevelopment Authority, a Public Body and Corporate Politic under the laws of Minnesota on behalf of the Public Body and Corporate Politic. Tax Statements for the real property described in this instrument should be sent to: THIS INSTRUMENT WAS DRAFTED BY: City of Fridley 6431 University Ave., N.E. Fridley, MN 55432 c L J } CN C, A \ z Cd C a Y+ Lc 0 Li F C: �x \ 1 Y \ L l iv E G :2. L ¢ r iL r. V - - F M`o r z La E C•J CL a c Jw oc> -+MA •SEW it ¢z �L iL HI � 0 L }-i OOO OOM000 0 z i Ob�.•+MOi fdOOL� V7 O 1 CdCdQMf`- uif`•M V'CJ � ¢ m N 'q- N 0 0, r- 0 N 0 L* ! r M z n ( H i F L) L) w � CC U Li ! 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FROM: CITY OF FRIDLEY RE: BILLING FOR OPERATING EXPENSES FOR OCTOBER, 1992 AND OCTOBER 1992 ADMINISTRATIVE EXPENSES ADMINISTRATIVE BILLING: OCTOBER ADMINISTRATIVE PERSONAL SERVICES 13,631.00 OCTOBER ADMINISTRATIVE OVERHEAD 252.25 TOTAL ADMINISTRATIVE BILLING 13,883.25 OCTOBER OPERATING EXPENSES: SIGN PERMIT SURCHARGE 0.50 SEPTEMBER MGMT FEE — KORDIAK 158.98 UTILITY BILLING — RICE CREEK 241.03 MINNEGASCO — RICE PLAZA 17.17 NSP — RICE PLAZA 154.84 MISC REPAIRS — RICE PLAZA 50.00 CLEAN HEATING UNIT — RICE PLAZA 49.95 PLUMBING REPAIRS — RICE PLAZA 100.75 LAWN MOWING — RICE PLAZA 63.60 NSP — LAKE POINTE 33.68 CARPET CLEANING — RICE PLAZA 190.00 SEPT — INSURANCE ALLOCATION 929.00 SEPT — INSURANCE ALLOCATION 40.00 SEPT — INSURANCE ALLOCATION 52.00 OCT — INSURANCE ALLOCATION 929.00 OCT — INSURANCE ALLOCATION 40.00 OCT — INSURANCE ALLOCATION 57 nn TOTAL OPERATING EXPENSES FOR OCTOBER 3,102.50 TOTAL EXPENDITURES 16,985.75 s- Q �L rw V w c I 1 i �L. 1 CL I i z w i OZ I z i c� 4 i 1 i F- f U i L i G ; `L I i I 0 1 i•- 3 L i Y. 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O ^i O c< c: N N 0 c•1 ^^i '/�' 'f i v 0 0 v O v o v v v v v ,I rj t{ li 0 r<;Or0 I i i I i i i 0ocoo0� `0 `3 '0 '0 -'0 '0 0 NNi•IC•3C•1C•1r- ffN£=1Nt`3NN a a D, 'u, 0000000 \\\\ \\\ vi vii j vi � j ilk >37 a7 i{i u'I LZ 0 �rc•av�rcv b w iii b 33rir w 00 1` e•� c� Ll �J w 'r C w .= i- 12 � C W U w F- Z lo w U C r i - omwzzw - C 0 D 3 0 z 0 0 z w 0 0 si ix Ixxwz w i- U U— (3, z i- ii i- 0CH<rCc umaCQ ma EN 5 r � Community Development Department HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley DATE: November 4, 1992 TO: William Burns, Executive Director of HRA FROM: Barbara Dacy, Community Development Director SUBJECT: City Council Comments on Proposed Housing Program, October 26, 1992 We have prepared additional information regarding the four recommended housing programs originally discussed by the HRA at its September 10, 1992, meeting. The enclosed report was reviewed by the City Council on October 26, 1992. We would like the Housing & Redevelopment Authority to review the enclosed report and make comments or recommendations on each of the program components. To follow is a list of the City Council's concerns about the recommended programs: 1. The Council expressed concern funding for the various housing very concerned about people with not qualify for any of the prog to emphasize the lower income possible. over the adequacy of programs. He was also lower incomes who might rams. He would like us households as much as 2. Councilmember Schneider also expressed an interest in rehabilitating rental units or acquisition and demolition of poor rental properties. 3. The Council seemed to agree that the rental inspection program should be our first effort; however, Council - member Billings would like us to impose an annual certificate of occupancy requirement for not only rental property but also for commercial and industrial property. 4. The Council suggested that we conduct a pretest of the proposed single family rehabilitation program components. Councilmember Jorgenson suggested that we contact ACCAP to tell us about the types of qualifiers for MHFA programs as an example. 5. The Council suggested that we look at trying to assist those homeowners who were affected by the poor foundations on Horizon Drive. City Council Comments November 4, 1992 Page 2 6. The Council suggested that housing and rehabilitation information should be passed along to single family homeowners when doing our code enforcement program. 7. The Council asked us to investigate alternative software for packages for the rental inspection program. They suggested a PC based software which would tend to cost less than the HTE software. 8. Regarding the scattered site housing component, the Council suggested that we try to ensure that we are not buying property from individuals who are buying the property just ahead of us in order to make additional money. 9. The Council did not object to hiring a housing coordinator once it has been confirmed that there are banks willing to help administer the program. They also agreed with the other elements of the program except as noted above. BD:ls Iuay�:VYO7 i C% Community Development Department D HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley DATE: October 22, 1992 9-*' TO: William Burns, Executive Director of HRA FROM: Barbara Dacy, Community Development Director SUBJECT: Proposed Housing Programs On July 27, 1992, and September 10, 1992, the City Council and HRA reviewed a list of recommended housing programs for implementation in 1993. The purpose of this memorandum is to review the progress of additional research on the proposed programs. Staff has prepared a list of recommended steps for each program for the City Council and HRA to discuss and to provide direction. Original Recommended Programs The primary strategies recommended to the City Council and HRA were: 1. Initiation of a single family rehabilitation program 2. Increased rental inspections 3. Scattered site acquisition program 4. Increased state and federal grant application activity (MHFA /HOME) 5. Initiation of a neighborhood land use planning process to determine future land uses of vacant and redevelopment parcels The original proposed budget of the five programs totalled $505,000 as follows: Rehabilitation program $160,000 Rental inspection program $1101000 Scattered site acquisition program $225,000 MHFA /Home applications $10,000 Neighborhood land use planning process -0- $505,000 Proposed Housing Programs October 22, 1992 Page 2 We will not discuss the neighborhood land use .planning process since all of our time and resources have been placed into establishing the other four specific housing programs. After implementation has started on the housing programs, time will then be available to work more on the neighborhood land use planning process. Proposed Revised Budget After further investigation into the proposed programs, we are recommending the City Council and HRA consider a reallocation of funds but maintain the same budget amount of $505,000. The proposed distribution of funds for discussion is as follows: 1. Fridley housing rehab programs $200,000 2. Rental inspections $110,000 3. Scattered site acquisition $100,000 4. MHFA /HOME applications $ 10,000 5. Land use planning process -0- 6. Administration $ 85,000 $505,000 The budget was redesigned to maximize the rehabilitation effort and to provide for the administrative resources needed to adequately run the programs. About half of the "Administration" item in the proposed budget is for a "Housing Coordinator" to be hired by the HRA on a contractual basis. The Housing Coordinator would be responsible for administering the four housing programs as well as any other programs that can be initiated in the future. The Housing Coordinator could be an individual applicant or we could send RFPs to ACCAP, MCDA, Metro HRA, or another housing agency to supply a person who can meet the demands of the Housing Coordinator position. A tentative job description has been prepared. I recently had a unique opportunity to test the "market" for Housing Coordinator. ACCAP received a grant from the McKnight Foundation to hire a "Housing Development Specialist ". ACCAP asked me to participate in the interview team. Qualified persons are available. The $85,000 Administration item would also include costs to administer the other programs. A potential breakdown is as follows: Proposed Housing Programs October 22, 1992 Page 3 Housing Coordinator Housing Rehabilitation • Program Inspections • Marketing • Forms /applications Rental Inspections • HTE Software • Forms /applications Scattered Site Acquisition • Appraisals • Title opinion • Attorney fees $40,000 $14,000 Absorbed in existing HRA budget $ 1,000 $20,000 $ 1,000 $ 2,000 $ 2,000 $ 5,000 $85,000 The HTE Software would be a one -time expenditure. Other costs, like the marketing expenses could be absorbed by the HRA budget (1992 budget was $11,000). HRA Cash Flow Analysis The HRA, at its October 8, 1992, meeting, received a cash flow analysis prepared by the Finance Department which incorporates a $500,000 expenditure for housing programs for the next five years beginning in 1993 (see attached chart). The analysis includes the Lake Pointe purchase costs and assumes a worse case scenario of no new development and reduced property taxes. School district TIF turnbacks are also incorporated into the expenses. A positive fund balance is maintained despite the additional expenses; however, the HRA should review the budget on an annual basis to determine the effectiveness of the program and the financial ability to carry out the program. Recommendation We would like the City Council and HRA to review each program and provide comments and direction on each. In each program, there are specific issues which the City Council and HRA will need to discuss. As we proceed through the meeting, we can review those on an individual basis. In general, staff recommends that the City Council and HRA direct staff to continue implementation of the programs. Proposed Housing Programs October 22, 1992 Page 4 Additional Information At the July 27, 1992, City Council conference meeting, Council requested additional information about the truth -in -sale of housing ordinances in the metropolitan area, as well as how other communities deal with nuisance abatement procedures and housing code violations. Steven Barg has written three memos regarding these topics to provide additional information to the Council. You may also want to discuss these in more detail. Also enclosed is a copy of a letter to targeted multiple family property owners regarding potential funding from MHFA for a rental rehab project. BD:ls M -92 -654 Position Title: Department /Division: Position Objective: Immediate Supervisor: Examples of Duties and Responsibilities: JOB DESCRIPTION Housing Coordinator Community Development Department To implement the housing programs of the Fridley Housing & Redevelopment Authority and the City Council. Community Development Director 1. Administers the Fridley Housing Rehabilitation program: A. Prepares procedural manual on loan and inspection processes and requirements. B. Prepares marketing information including press releases, correspondence, articles, and other items. C. Interviews, solicits, and negotiates contracts with program inspectors. D. Reviews rehabilitation application documents prior to distributing to banks or the Anoka County Community Action Program. E. Coordinates financial issues with the Finance Department. F. Prepares on -going reports for the Housing & Redevelopment Authority. 2. Oversees and administers the rental inspection program. A. Interviews, solicits, and negotiates contracts with rental inspectors. B. Interviews and hires clerical staff. C. Oversees implementation of HTE.software system. D. Reviews and revise as necessary Chapter 220 of the Fridley City Code regarding rental inspections and make recommendations of other code improvements. E. Supervises contract inspectors and implements a quality control program where necessary. Housing Coordinator Page 2 3. Administers scattered -site acquisition program. A. Reviews proposed sites with the HRA and City Council. B. Negotiates with property owners. C. Arranges for demolition, reconstruction, or rehabilitation of the structure. D. Arranges for closing documents and real estate transactions. 4. Prepares grant applications to state and federal agencies. A. Keeps current with state and federal housing programs. B. Prepares grant applications to state and federal agencies. C. Meets with state and federal staff when necessary. D. Establishes and maintains working relationship with housing providers, including Anoka County, non - profit housing providers, and other governmental agencies. 5. Assists the Community Development Director and the Executive Director of the HRA on redevelopment projects which involve housing. 6. Administers housing program budget. 7. Advises HRA on other housing programs and policies which furthers the goals as identified by the Fridley City Council and HRA. 8. Establishes evaluation mechanisms of housing programs and monitors housing program impact. supervisory Responsibilities: The Housing Coordinator will supervise all contract inspectors and the rental inspection clerical staff person. Knowledge and Skill Requirements: 1. Must be knowledgeable in local, state, and federal building and housing codes. 2. Familiar with building materials. Housing Coordinator Page 3 3. Familiar with the components of residential structures. 4. Familiar with cost estimating and specification writing. 5. Familiar with local, state, and federal housing programs. 6. Familiar with property acquisition and real estate procedures. 7. Oral and written skills. 8. Negotiation and mediation skills. 9. Able to establish and maintain ongoing work files. 10. Familiar with tax increment financing. 11. Able to work independently. 12. Knowledge of contract and contract negotiations. 13. Familiar with grant application techniques and procedures. 14. Familiar with computer software and hardware. Minimum Job Requirements: 1. Bachelor of Arts in Planning, Urban and Regional Affairs, Municipal Administration, or Housing or a related field. 2. A minimum of three years experience in a housing and redevelopment authority or a local unit of government working directly with local, state, and federal housing programs. Salary: Contract negotiation required. 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Goals: a. To improve the quality and the condition of single family homes. b. To maintain and improve neighborhood quality and property values. C. To bring into compliance those homes which have unsafe or hazardous building conditions. 2. Program Components and HRA a. Fridley Middle Income b. MHFA Fix -Up Fund C. CDBG d. Assistance for Non -Qu; 3. Program Requirements: Budget: Rehabilitation $150,000 -0- -0- 3lifiers 50,000 $200,000 See attached matrix of four program components. The Middle Income Program would be administered through Fannie Mae approved lenders via four types of loans: (1) A straight rehabilitation loan (2) A refinancing and rehabilitation loan (3) A purchase and rehabilitation loan (4) A straight purchase loan The HRA would provide assistance in the amount of 5% of the loan up to a $6,000 maximum. The assistance would be issued at closing and is applied to closing costs, points, or other costs of the loan. 4. Eligible improvements: First priority will be given to those repairs that correct obvious health and safety problems that will be identified by a rehabilitation inspection conducted prior to completion of the loan application. Loan funds must be used to pay for new improvements to existing structures which improve the basic livability, the utility, or energy efficiency of the property. The improvements must be permanent, general improvements which may include additions, alterations, or repairs to the structure, kitchen and bathroom updates, exterior siding or repainting, and construction or repair of personal use garages and driveways. Loan funds may not be used for decks, patios, fireplaces, spas, tennis courts, swimming pools, conversion of non - residential property into residential property, conversion of personal property, mobile homes, or vacation homes into year- around residential properties, and improvements of the type or quality which exceed customary Rehabilitation Programs Page 2 standards in the area for similar properties. Further, the loan funds may not be used for any previously existing mortgage or debt, improvements initiated before the date of the credit application, or assessments for public improvements. Finally, those improvements made /constructed by those other than a licensed contractor, plumber, or electrician are specifically excluded. In no case shall proceeds from the loan be used to pay for time and labor of the property owner or his /her immediate family. 5. Administration: The rehabilitation program is divided into four components. The program would be administered by a housing coordinator who would solicit applications and direct each applicant to the appropriate program. For example, lower income households would be directed to the Minnesota Housing Finance Agency Fix -up Program, and very low income households would be directed to the Community Develop- ment Block Grant Program. Other individuals with higher incomes would be directed to the HRA- assisted middle income rehabilitation program. In other words, the state and federal money will be maximized first, then the HRA money. If individuals cannot, for whatever reason, qualify for MHFA, CDBG, or even the Fridley middle income program, a budget reserve of up to $50,000 is provided (see item #9 for further discussion). 6. Inspections: The Housing Coordinator would arrange for an initial inspection at the outset of the loan process. During that inspection, the code and safety issues would be identified and given to the property owner. The loan funds must be used toward resolving those issues prior to using the funds for the other improvements. The types of code and safety issues that will be required are currently under investigation. We are reviewing code requirements from Hopkins, Richfield, St. Louis Park, Minneapolis, and St. Paul. The rehab program inspections could be contracted out; two individuals of existing staff would qualify (Pat Wolfe and Gary Ford). The banks will conduct inspections of the improvements prior to selling the loans to Fannie Mae. The HTE Software proposed for acquisition for the rental inspection program can also be used to track the rehab program. 7. Negotiations with Banks: Faye Wegner from Miller Schroeder was a key player in developing the City of Minneapolis program, the model for the Middle Income Program. She has assisted us in developing the Rehabilitation Programs Page 3 program and will assist us in approaching area banks. Fannie Mae approved lenders in the metropolitan area include Norwest Banks, First Banks, and United Mortgage. The City Manager and I recently met with Fridley State Bank. The Bank was very interested in becoming a Fannie Mae approved lender and rehab lender. Approval must be granted from the Fannie Mae office in Chicago. If a local bank cannot be obtained to administer the proposed program, then we will need to approach Norwest and First Bank to determine if they would be willing to assist Fridley in the middle income program. Wegner's initial reaction is that they would be willing to do that. TCF elected not to participate in the Minneapolis program because of other programs already in place. The Metropolitan Savings and Loan Institution is working exclusively with the St. Paul program. The Marquette Bank system, because of the acquisition by First Banks, may be an opportunity to have a First Bank office in Fridley. The former Marquette Osborne office could be converted to a First Bank facility. A final decision on this would not be made public probably until after the first of December. Northeast State Bank, while not a Fannie Mae approved lender, may still be interested in the middle income program. Northeast State Bank, in its Columbia Heights office, does process the MHFA Fix -up Fund loans. We would prefer to have a. Fridley bank administer the Fix -up Fund Program; Fridley State Bank stated they are willing to investigate this option as well. There is no bank involvement in the Community Block Grant Program. We do need to reallocate remaining funds from the Riverview Heights Project from this year and the previous year. We can specifically designate our CDBG funds for the housing rehabilitation program, and that program can be administered by ACCAP. The Housing Coordinator would be the liaison between the City and ACCAP to administer this program. 8. Straight Purchase Loan: We are proposing to target 177 single family non - homesteaded properties. At the current time, 67 of those properties are located in Neighborhood Area #4 (which is approximately the middle of the City) and 50 of those properties is in Neighborhood Area #7 (in the northwest part of the City) . This would achieve the objective of converting rental single family housing to an owner - occupied status. This could also satisfy the first -time homebuyer goal identified in the Maxfield study. A stipulation on the loan, however, would be that the house must remain owner - occupied through the life of the loan; otherwise, the loan payments would be accelerated and the amount of HRA assistance would have to be returned. Rehabilitation Programs Page 4 9. Assistance for Non - Qualifiers: About $50,000 of the $200,000 recommended funding is proposed for a reserve fund for those individuals who cannot qualify, for whatever reason, for any of the other three programs. This may be a married couple with a fairly large income but they have a number of children in college and a bad credit history. If there are code and safety issues which should be resolved, it is proposed that a maximum deferred loan of $10,000 be provided. Wegner from Miller Schroeder and other area banks have advised that it may be best to negotiate the specific terms of this particular program on a case -by -case basis. The HRA could also require that the loan amount is returned upon sale of the property. 10. Demolition Option: For homes built prior to 1950, another option exists. The HRA's assistance could be dedicated to demolition and the property owner could finance a loan for new construction through the Fannie Mae lender. 11. Purchase Lease Option: Fannie Mae will also permit the HRA to purchase a home and property and lease it back to the owner for 3 -5 years with the stipulation that the tenant can buy the property back within that timeframe. In fact, a portion of the lease amounts can be escrowed on the tenant to be used for the acquisition of the home at the end of the lease period. 12. Future Approvals Needed in the Rehabilitation Program: Jim Casserly is researching the legal basis and procedures for using TIF money on the housing programs. At minimum, the City Council and the HRA will need to: a. Approve a resolution on rehab program structure and requirements; possibly referring to a procedural manual outlining loan and inspection requirements. b. Approve the appropriate agreements with the banks/ financial institutions to administer the Middle Income Program (agreements are not necessary with the banks for the MHFA program). 13. Immediate Recommended Actions: In order to implement the rehab program, we recommend the City Council and HRA direct us to: Rehabilitation Programs Page 5 a. Identify bank or mortgage company to administer Middle Income Program. b. Finalize the job description and initiate the hiring process for a Housing Coordinator. This may include requesting a proposal from ACCAP, MCDA, the Metropolitan Council HRA, or other individuals. C. Hire Housing Coordinator as soon as possible and locate in former Planning Coordinator office, no later than January 1, 1993. Authorize Housing Coordinator to proceed with other programs as directed by the City Council and HRA. d. Identify and establish a Fridley bank to administer Fix - Up Fund Program. e. Initiate CDBG reallocation process to identify housing rehab program. N O ((n p N 0W (41-4 Q) a) ty, U Pa W O a) W a) 'd a) r°-I (1) 'd z �E: U r I ) I V. O A >r ril l✓. Q' a) 4-) 3'-I 0 O � M U 4-) d O N r-1 ld cd N OI O -r-I 4 >~ N cd 4-) a) 1-) '''I I a) \ cd O a) a) d N O (1) (1) N z N 'd 'd Qa 2T >1 U z >~ �4 LP E� F. 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(0 . I I . U 'd O r-I 0\0 O N `d 'd Ln O> LO O O O 7r r1 U !d o U •H O •ri r-1 O N N 1- N r•i N N N LO p O 3 (L) O r I O [i H R: r-I -r1 E d P4 4 >4 >+ r u} 4-) Vr V)- Vr V)- Cl) a) • ,S� .12 U 44 fd 1~ O a) Ld fd a) >1 + s~ a) a) a En r a (a 4J 04J �4 N •ri ::$ is p O O .G" 1~ -H —4 (1) r-I r-I tT N i-1 U a) 4-J 0) 44 a) )✓ O tT (A td -ri )-L O 3 fd a) 0 0 )4 w O +J N p is p Fi f� 4J (1) U U +� N P —1 H 4J a) }J W Ld Rr �4 9 k r1 9 P 4-) k >~ X a) ?L O -H fd 3 O a) O 4 a) 04 U U O 1 a) s~ 3 O O s~ •ri 4) gi N 4 N >r O r-I U •� s~ � OW � a) fd r-I -ri N fd 'd a) 'd 34 fd a) O 4J 4J N (1) 10 9 fd I U )~ •ri O b >~ a) ZS fd i4 (1) 4J > N 1~ � U r. O fd 4J O H ri (4-4 !~ O O o \0 'd 0 a) r-I N .4J N (1) fd .S2 ,-1 4-) N 4-)� RENTAL INSPECTION PROGRAM 1. Goal: a. To improve the quality of the rental housing stock b. To avoid receiving displaced problem tenants C. To interrupt the cycle of deferred maintenance 2. Program Components and HRA Budget: a. Conduct inspections in 2,000 units per year. b. Inspector and support staff contract costs- $110,000 C. HTE Code Enforcement Software - $ 20,000* d. Supplies for forms, etc. - $ 1,000* * These costs are in the Administration line item. 3. Program Requirements: a. Housing Coordinator will identify appropriate revisions to Chapter 220, Residential Rental Property and Condo Common Area Maintenance Code, which include: - Adopting HUD Section 8 minimum housing standards - Other fire, building, electrical, or plumbing standards b. Housing Coordinator will hire and organize contract inspectors and a clerical person to inspect 2,000 units/ year: - The equivalent of two full -time inspectors will be needed plus; - One full -time clerical person to input inspection results on computer, schedule inspections, complete follow -up correspondence. C. Minimum qualifications for inspectors: (1) Minimum of 3 years experience as a housing inspector for a city or other local unit of government (2) Certificate in Building Inspection Technology or an Associate of Arts degree Rental Inspection Program Page 2 (3) Ability to communicate clearly and concisely both orally and in writing (4) Knowledge of Building and Housing Codes and Code Enforcement Procedures (5) Demonstrated ability to work with owners, renters, property managers, and general public 4. Administration: a. A team of rental inspectors could be assigned to certain neighborhoods of the City; however, all inspectors would have to be consistent in interpretations and follow -up procedures. b. Inspection forms should be revised to be compatible for computer input and ordinance revisions. C. HTE Software System should be implemented in conjunction with rental inspection program because: (1) It is directly linked to Land Management System in ASA 400 computer. This will enable inspectors /staff to crosscheck other issues such as zoning code issues, water bill delinquencies, or license fee delinquencies. (2) It will create systematic "tickler" system for initial and follow -up inspections. (3) The program can provide detailed reports on types of violation, frequency, location in neighborhood area or ward, or other items desired by the City. (4) It will automate other functions of Code Enforce- ment staff such as weed notices on problem properties, systematic code enforcement program, and sign code violations. d. Rental license fees must be increased to offset the additional costs associated with the program. Two alternative fee schedules have been developed which could generate an additional $34,000 to $90,000 per year. The more expensive fee schedule would generate about $108,000. Rental Inspection Program Page 3 5. Future Approvals Needed for Rental Program: a. Housing Coordinator should meet with rental property owners regarding the proposed program and rental fee increase. b. City Council will need to adopt an ordinance amendment raising rental license fees. C. City Council will need to approve ordinance amendment to Chapter 220. d. HRA will need to authorize the Housing Coordinator to prepare RFP for rental contract inspectors and establish program. 6. Immediate Recommended Action: a. Acquire HTE Software by November 30, 1992, so Housing Coordinator can train on the system and oversee its implementation. ALTERNATIVE FEE SCHEDULES FOR MULTIPLE DWELLINGS EXISTING SCHEDULE: Single Family - $12.00 Double Units - $12.00 Each Three to Seven Units - $36.000 Total Eight to 12 Units - $49.00 Over 12 Units - $49.00 per Building Plus $2.00 for Each Unit over 12 FEES COLLECTED NOW: 72 Single Units - $864.00 258 Double Units $3,960.00 3, 278 Three and Up Units - $12, 718. 00 430 Condo Units - $1,292.00 ----------------------------------- Total Presently Collected- $18,834.00 PROPOSED FEE SCHEDULE: $50.00 for First Unit; $8.00 for Each Additional Unit 72 Single Units - $3,600.00 258 Double Units - $7,482.00 3,278 Three and Up Units - $36, 178.00 430 Condo Units - $6,170.00 Total Proposed Collected - $53,430.00 PROPOSED FEE SCHEDULE: $100.00 for First Unit; $10.00 for Each Additional Unit 72 Single Units - $7,200.00 258 Double Units - $14,190.00 3,278 Three and Up Units - $74,480.00 430 Condo Units - $12,700.00 ----------------------------------- Total Proposed Collected- $108,570.00 1. 2. M 4. 5. SCATTERED SITE ACQUISITION Goals: a. To remove blighted and abandoned homes b. To provide new housing construction Program Components and HRA Budget: a. Acquisition of vacant and developed properties b. $100,000 for property acquisition; $9,000 in Administration budget provides for appraisal, title, and legal costs. Program Requirements: a. HRA and City Council approves list of potential properties on an annual basis. b. Housing Coordinator uses a rating system to identify priority parcels for acquisition from: - List of abandoned homes - List of vacant parcels - Potential redevelopment sites C. See attached chart for rating system. The chart identifies a weighted criteria system to analyze properties. Purposes of Acquisition Activity: a. Remove blighted building and convey property to adjacent property owners if it does not meet lot requirements. Adjacent property owners can use area for potential improvements. b. Remove blighted building and sell lot to builder for new construction. C. Remove questionable structure or nonconforming uses and sell lots to builder for new construction. Relocation costs may be necessary if building is occupied. Future Approvals Necessary for Scattered Site Acquisition: a. Properties must be in redevelopment project area; City Council and HRA will need to adopt a resolution. Jim Casserly is researching whether or not this would be absolutely necessary. Scattered Site Acquisition Page 2 b. Authorize Housing Coordinator to initiate acquisition process and when, necessary, to contract with appraisers, builders, and others. 6. Immediate Recommended Actions: a. Potential properties for 1993: (1) 513 Fairmont Street (2) 532 Janesville Street (3) 576 Ironton Street (4) 683 Glencoe Street (5) 389 Hugo Street b. Initiate property owner contacts and determine willing- ness for sale. These parcels contain severely debilitated structures, some worse than others. All of these lots are below 7,500 square feet and are not buildable without a variance. The lots could be divided in half and conveyed to adjacent property owners. Each of these properties range in value from $30,000 to $50,000. The worst two or three will have to be chosen to remain within the budget. 7. Land Sales: There may be occasions when the acquisition costs could be recouped through sale of the property. ofN N a) �i P4 0 p P4 0 .H 0 U t, a N 0 N id zo o z10 r-I o (1) a) -r-+ (1) o 0 0 a4-)z z x0 3 M -H O 4-) a a� .•. 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Goals: a. To obtain as much state and federal funds as possible to supplement the City's housing programs such as scattered site acquisition, rehabilitation, or redevelopment projects b. To preserve local financial resources as much as possible 2. Program Requirements and HRA Budget: a. The Housing Coordinator will be responsible for keeping abreast of state and federal programs and making application at the right time for the right project. b. $10,000 is proposed for application fees or other costs which may be necessary to make applications. 3. Immediate Recommended Actions: a. Identify and establish a bank in Fridley to work with City or MHFA mortgage programs. b. Prepare application for recent rental rehab competition. C. Prepare and submit application for first -time homebuyer program during required timeframe (first quarter 1993). OTHER POSSIBLE PROGRAM ADDITIONS 1. Truth -in -Sale Ordinance a. Evaluate three options. b. Evaluate administration costs. 2. Nuisance Abatement Ordinance 3. Develop a local source of money for rental rehabilitation projects. 4. Establish a Multi - Family Owner /Landlord Coalition. 5. Prepare a "how to" rehabilitation handbook. 6. Adopt ordinance on mobile home code requirements. e Community Development Department L� PLANNING DIVISION City of Fridley DATE: October 20, 1992 TO: Barbara Dacy, Community Development Director FROM: Steven Barg, Planning Assistant SUBJECT: Truth -in -Sale of Housing Programs Introduction On October 8, 1992, I attended a seminar on Truth -in -Sale of Housing programs sponsored by the Minnesota Society of Housing Inspectors. As you are aware, Truth -in -Sale of Housing programs require a seller to obtain a written evaluation from a licensed housing inspector describing the condition of a property before it may be put on the market for sale. I had the opportunity to speak with representatives from St. Paul, Hopkins, and St. Louis Park at this seminar concerning their housing programs. Subsequently, I have had telephone conversations with individuals directly involved with similar programs in Minneapolis and Maplewood. The following summarizes some of the important information which I have learned through the seminar and my follow -up telephone calls. Alternative Approaches After gathering information received from these five cities, it is apparent that there are three main approaches. These are as follows: 1. Information only - The Cities of St. Paul, Minneapolis, and Maplewood use Truth -in -Sale of Housing only as an informational tool designed to assist potential buyers in analyzing properties for sale. While the cities hope th' oc ess m g a encourage sellers to make needed is pr y improvements, their ordinances do not require sellers to take any actions beyond obtaining the written evaluation and making it available to potential buyers. Truth -in -Sale of Housing Programs October 20, 1992 Page 2 2. Identify/correct life safety hazards - The City of Hopkins also seeks primarily to provide relevant information on housing conditions to those interested in purchasing properties. However, the Hopkins' ordinance requires that sellers correct any conditions which are deemed to constitute serious safety hazards prior to sale of these properties. Since the Hopkins' program began in 1991, approximately 40% of inspections conducted have failed due to the presence of these life safety hazards. 3. Achieve code compliance - The City of St. Louis Park uses its program as a tool to bring properties into compliance with all housing and code requirements. A certificate of code compliance from the City of St. Louis Park is required prior to the sale of any residential property in the community. While this program requires signi- ficant staff time and effort for tracking and follow -up inspections, the city considers it an important step in attempting to protect the integrity of its housing stock. I have received information from each of these communities regard- ing license /application fees and other charges relating to their programs. This information is contained in the chart which is attached to this memo. Key Issues In discussing the Truth -in -Sale of Housing programs with repre- sentatives from these five communities, I have determined that several important points should be considered prior to undertaking such a program. These are as follows: 1. Clarify mission - Considerable latitude exists in tailoring a program to the needs of a particular community. Before starting, it is important to agree upon the program's mission. Identifying the desired outcome and the specific objectives to be pursued will help determine which of the three approaches to follow. 2. Identify/commit necessary resources - A common theme expressed by individuals involved in these housing programs is that the City can only achieve in proportion to what it is willing to invest. For example, it is pointless to employ an approach requiring code compliance unless appropriate staff time (inspectors, clerical, etc.) and other tools such as computer tracking Truth -in -Sale of Housing Programs October 20, 1992 Page 3 are committed to the projects. On the other hand, a program desired primarily as an informational resource to potential buyers may be conducted with a greatly reduced need for staff time and other assistance. A city should strongly consider the resources which it intends to assign in conjunction with the selected approach so that the program has a reasonable chance of meeting its expectations. 3. Advertisement /promotion - All efforts should be made to inform the public and other key players affected in a Truth -in -Sale of Housing program as early as possible prior to its starting date. The focus should be on soliciting support for the important goals of the program and allowing the general public to become familiar with the program before it gets underway. Specifically, it is critical to obtain the support of realtors and real estate agencies since these people are so directly involved in property sales. 4. Monitor /review program - The representatives indicated that it is important to periodically meet with its licensed housing inspectors to ensure that they are performing their work in a consistent manner. In addition, the City should occasionally review the program to ensure that it is meeting the goals for which it was enacted. For example, certain items may be added or deleted from the inspection checklist and the focus of the program may shift slightly from time to time. Summary From my conversations with representatives from these five cities, it appears that they are each making use of a Truth -in -Sale of Housing program as part of their overall approach to housing issues. While similar in some respects, each city has effectively tailored its program to meet its own unique needs. Please let me know if you have questions or would like me to research this issue further. SB:ls M -92 -649 C] Community Development Department L� PLANNING DIVISION City of Fridley DATE: October 22, 1992 TO: Barbara Dacy, Community Development Director FROM: Steven Barg, Planning Assistant SUBJECT: Nuisance Abatements In conjunction with the Strategic Planning Task Force on housing issues, we have discussed strengthening code enforcement as one tool designed to improve neighborhoods. As you are aware, successfully processing code violations through Anoka County Court often requires extensive time. The net effect is that neighborhood improvement occurs very slowly and residents become frustrated with the City's response to their concerns. For this reason, the City of Coon Rapids adopted a strong ordinance regarding abatement of public nuisances. The purpose of this ordinance is to circumvent the court process when such action is appropriate. I have attached to this memo a copy of the Coon Rapids' ordinance for your review. The following is a summary of its key points: 1. Definition - The intention of the Coon Rapids' ordinance is to remove those items which are defined as being public nuisances. Specifically, the code lists junk vehicles, debris, and building materials as those items which the City abates when necessary. Coon Rapids has followed a liberal approach in interpreting this definition and used it to include virtually any unlawful outside storage of materials on residential properties. 2. Inspections Process - The Coon Rapids ordinance observes the following process in addressing public nuisances. First, the inspector sends the property owner a notice of noncompliance stating that he has 20 days to correct the violation or request a hearing on the matter. If the property owner does not correct the violation or request a hearing within that time period, the City may act to abate the nuisance and charge the cost to the property owner. Nuisance Abatements October 22, 1992 Page 2 3. Hearing Process - If the property owner requests a hearing, it must be conducted no more than ten days after the request is received. The hearing examiner receives evidence and testimony from the property owner and the City and returns a decision within ten days of the hearing. 4. City Council - The property owner may appeal the hearing examiner's decision to the City Council. If such a request is made, the Council will review the decision at its next meeting and take action to affirm, repeal, or modify the hearing examiner's decision. It is my understanding that the City of Coon Rapids has had a very positive experience with this ordinance. Initially, the City received several challenges which required hearings, but after having the City's position upheld in these cases, the number of hearing requests dropped significantly. Residents soon realized that the City was committed to perform nuisance abatements when necessary, and. that the independent hearing examiner would not overturn the City's decisions unless the property owner could show substantial evidence for such action. Currently, the City's contract requires payment of $100 per hour to the hearing examiner for his services. The City budgets $1,000 per year for hearing examiner fees, but has actually used little of this in recent years because it has needed fewer hearings since the program's first year. The City's other main financial concern involves the need to spend money initially for the abatement when the costs will not be recovered until a later date through assessments against the properties. There appear to be several benefits realized from a nuisance abatement ordinance and related enforcement as conducted by the City of Coon Rapids. First, the time required to bring properties into compliance is greatly shortened as compared with following the normal court process. Second, property owners are far more likely to comply with the inspector's initial notice of noncompliance once they are aware that the City will act to abate the nuisance and charge the cost, if the property owners fail to do so. Finally, residents develop the perception that the City is more responsive to their concerns since they see compliance at an earlier date than is often achieved through the court system. Please let me know if you have questions or wish to further discuss this matter. SB:ls CEM -92 -95 a° 0 Community Development Department PLANNING DIVISION City of Fridley DATE: October 22, 1992 TO: Barbara Dacy, Community Development Director FROM: Steven Barg, Planning Assistant SUBJECT: Housing Court During the past year, I have expressed to you considerable frustration regarding the court systems' treatment of code violations. While a couple of judges may take some interest in such matters, the majority do not seem particularly concerned with issues pertaining to housing, zoning, and other related code sections. Therefore, property owners often receive little or no penalty relating to their violations and the length of time during which noncompliance existed. Several years ago, the City of Minneapolis began a special Housing Court to address issues relating to code violations and landlord/ tenant problems. Its purpose was to remove such matters from the normal court process into a forum that could be more attentive and provide faster response time. This separate court was established under special provisions of Minnesota State Statutes permitting such "pilot programs" for Hennepin and Ramsey Counties. The total cost of approximately $750,000 is divided between the State ($250,000) and Hennepin County ($500,000). The required funds provide for a housing referee and all administrative costs related to operation of an entirely separate system. The costs reflect the extremely high case load of the City of Minneapolis. From my research, I would suggest that all parties involved seem very satisfied with the Housing Court. Even building owners and managers benefit from the housing referee's knowledge of the issues despite the fact that this individual has a reputation for being somewhat tough. Overall, the system appears to be quite a success, and they hope it will continue for many years to come. Because of the specific provisions in the Minnesota State Statute which currently limit the program to Hennepin and Ramsey Counties, the City of Fridley and Anoka County would be presently unable to establish a separate housing court to cover this area. However, I believe that there are two ways the City of Fridley can benefit from the City of Minneapolis' experience: Housing Court October 22, 1992 Page 2 1. Perhaps the City could contact its state legislators in an attempt to have the State Statute provisions extended permitting creation of housing courts in the entire seven county metropolitan area. Obviously, the greatly lower case load which would be generated here would reduce the program's costs considerably. 2. The City could work with communities in Anoka county to lobby for creation of a special day /time (perhaps one day a month) during the regular court calendar when cases pertaining to housing, zoning, and related court issues would be heard. In accordance with this, perhaps a judge with a particular interest in such matters could be assigned on a regular basis so that the court would have consistency and concern on these issues. Summary As I have indicated, the City does not currently have an option to participate or help create a separate court system to address housing code enforcement. However, I believe it is important that we work toward establishment of a better forum to address the increased number of housing code violations which we may be pursuing in our attempt to improve the City's neighborhoods. SB:ls CEM -92 -96 N M I O Z I N O H Z W CC N M M NQ J n. W U m N O O O O O O r J 1- tD co O O O co Q 'i (D `7 O to O 1 , � (D (D � O (D 0 O M O T to (D f� M� 1 w(D - v O N tt O (D O O Co O O (D r O M O O O O M O r- V' O O I,- O O f- O M (D O ti (D f� O M it T M N V' O OD O O O O O M to O (D O O O O O co O 4=? O� O C) O (^D C) M N W; fl- (D O t` � Lo r- •"' N M M M O N O O O O O N ►� O M 0 0 0 O O O M C) C) C) (D O 6 CV Qn (OD O O co O M co M O M O O O O O M In O 0 0 0 O O Nt a* J; O t0 0 0 0 (^D O M N M (D ti O M r T M N M N M M M O 0(D O O N N Mr-� O O O O O r 0 uj (D co O O O (D O (D (D M M Z N M O O P- 0) n O co N T V Ca N O N O O O O O N O O M O O O O O M M O OOD O O ttn O O qjr i` N M N M 0 0 0 0 O O M CO M M 0 0 0 O O (V U) J; 00 C) C:) C) C) (V O _: CV M O O O to Lo M N to O N O V' (D (D (D O (D e} M O M O O O O O M N O m 0 0 0 (D O 6 � O M O O r- Q T M LO T O M O O O O O M t1) O M M O O (D O r m l O N O O (D (D O t17 LO M r- Co r� _ w N fl- co M O w M T M r r N 0 0 0 O O N N ZQ; � N O O (D O U') LO ti O n N N CD (D (D O N N = W Q Z U) — 2� 0 z 0 Z W = Y U Y Q Z d Q UO 0 1-- ZZEEZ(/) ZO O Z O W O W Y� Z mU J F- Z >oC�cnQQ a0 Q m W JZWZ0 L 0 ~ Q m fl m O W ~20> -?Q Q H >- U2�Um ccw 0 7 I _ I Community Development Department HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley DATE: November 6, 1992 TO: William Burns, Executive Director of HRA FROM: Barbara Dacy, Community Development Director SUBJECT: Corporate Report Ad At the April 8, 1992, meeting, the HRA authorized a half -page ad in Minnesota Ventures and a final ad in January 1993 for Corporate Report (see copy of Minnesota Venture ad and article in the packet). I recently met with Jane Abell from Client First Communications about the content of the ad to be placed in the January 1993 Corporate Report issue. We would like to feature the 100 Twin Drive -in site. Client First Communications is currently preparing a concept for featuring the drive -in site for the Corporate Report ad. The objective is to dispel the memory of the site as the "Lake Pointe Site" and to start an effort to have it known as the best redevelopment opportunity in the Twin City metropolitan area! No action is needed on this issue; however, we wanted the HRA to be aware of our current thinking. BD:ls M -92 -684 or years, business slang hasv decreed that abusiness "goin g south has =gone -foot in the financial- boneyard `Economic boosters in the 'sp ' e of cities to the north of 1Vlinneapolis .a , and St. Paul would like to turn that saying on its `head: From now _.._ on,- those. individuals say, tongue lightly in cheek, the surest sign of success-is a business_"going north." Boosters of the economic climate in the north -metro area point b proudly to their; setting's pluses: a skilled work force, reasonably y. J o h n a t h a n priced land,- centrally "located: highway systems, affordable hous- Katstrom ing and abundant: financial programs, such as supplemental loans SEPTEMBER / OCTOBER 1992 MINNESOTA VENTURES 47 for product development or building expan- sion. As evidence of the allure of the north metro, supporters say they are seeing a sig- nificant influx of commercial businesses to the area. "Generally, I see more small -scale busi- ness start-ups here than I've seen over the last five years —that 12- to -20- employee kind of business," says Joseph Strauss, ex- ecutive director of the North Metro May- ; ors Association, an organization founded '• in 1985 to promote economic development has heard proposals in just the last two months from large and small companies that would bring about 1,000 jobs to the city were they all to actually make the move. Increased interest in the north -metro area is a sentiment echoed by many al- ready located there. "It may be the busiest year we've had," says John Cox, an eco- nomic- development specialist for Blaine, located in the southern portion of Anoka County and almost on the northern border of Ramsey County. Cox attributes the influx of businesses into Blaine (and the subsequent barrage of development deals) partly to reasonable land costs, the city's close association with the Small Business Administration and the Blaine Area Development Co., a nonprofit development corporation that assists com- panies locating or expanding in Blaine. "We're seeing a lot of people now not only building their building and locating their business here, but moving into the community," Cox says. Such businesses are partly attracted to the north -metro cities, perhaps because of the price of land. As Cox notes, "The land is cheaper, and you can build a [less expensive] building here than, let's say, in Eden Prairie, and consequently your taxes are going to be less." As for programs created by local areas, the Blaine Area Development Co. is -one example of the innovative offerings north- em -metro cities have put together to coax business onto their turf. Since 1983, BADC has provided loans to industrial - based companies for the acquisition, ex- pansion and construction of buildings. The program has been highly successful, creating one job for every $1,000 loaned, says Cox, BADC's administrator. "It has never had a loan go bad, which in itself is extremely remarkable," he says. BADC's fund is capitalized each year by the Blaine City Council, whose annual allocation varies depending upon need. "The program is set up to somewhat di- minish the equity requirements [for] a company getting in a building," Cox says. BADC typically provides a small amount C f d' f o;ect such as 10 percent and improve transportation in the area. "And it's been in the last 12 to 14 months that we've seen those companies come in- to existence." For instance, Brooklyn Park, located in the northern section of Hennepin County, 48 M[NNESOTA VENTURES SEPTEMBER / OCrOBER 1992 o un mg or a pr of its cost. The influx of companies into the north- em suburbs might also be partly attributed to the ongoing activities of the North Metro Mayors Association. NMMA orga- nized to provide one voice for the north- metro area on issues of job creation and business building. It lobbied for legislative Some of the noTth-S Stars RAMSEY COUNTY: ANOKA DISTANCE FROM THE MPLS/ ST. PAUL AREA: 25 MILES POPULATION: 12,408 LARGEST EMPLOYERS: MATE PUNCH AND DIE, INDUSTRIAL TOOLING; 205; ALTRON, ELECTRONIC ASSEMBLY;165 CONTACT: JIM GROINBERG PROJECT MANAGER 15153 NOWTHEN BLVD. NW. RAMSEY, MN 55303 (612 )472 -1410 CHAMPLIN COUNTY: HENNE %N DISTANCE FROM THE MPLSI ST. PAUL AREA: 17 MILES N/NW POPULATION: 16,649 LARGEST EMPLOYERS: JOHANSEN Bus Co., Bus BERVICEJCHARTER; 95; CITY OF CHAMPLIN, MUNICIPAL GOVERNMENT;91 CONTACT: MARY EBANKs, -. AIDE; COMMUNITY. .:.DEVELOPMENT :. 11955 CHAMPLIN DR. MPLIN ;:. CNA, MN 55316 - (612)421 -8100 _ MAPLE GRak COUNTY: HENNEPIN DISTANCE FROM THE MPLS/ .. ST. PAUL AREA: 20 MILES Nw POPULATION: 38,736 LARGEST EMPLOYERS: SCI MED, MEDICAL SUPPLIES; 1,300; NORTAN'x: COMMUNICATIONS, TELECOMMUNICATIONS; 450. CONTACT: ALAN A. MADSEN, DIRECTOR ECONOMIC DEVELOPMENT 9401 FERNBRooK LANE MAPLE GROVE, MN 55369 " (612 )420 -1925 1 � BROOI(LYN PART( COUNTY: HENNEPIN DISTANCE FROM THE MPLs/ ST. PAUL AREA: 2 MILES N POPULATION: 56,381 LARGEST EMPLOYERS: DAMARK INTERNATIONAL, MAIL ORDER SALES; 775; CATEPILLAR PAVING PRODUCTS, NERVY EARTH MOVERS; 351 CONTACT: JOE McKAsY, DIRECTOR COMMUNITY DEVELOPMENT 5200 85TH AV. N. - BROOKLYN .PARK, MN 55413 (612 )424 -8000 - NEW 90PE COUNTY: HENNEPIN DISTANCE FROM THE MPLS/ -ST. PAUL AREA: 7 TILES NW POPULATION: 21,853 LARGEST EMPLOYERS: NORTH RIDGE CARE CENTER, NURSING CARE; 900; LAKESIDE INDUSTRIES,; ADVERTISING SIGNS; 350 CONTACT: KIRK MCDONALO, DIRECTOR COMIMINTTY DEVELOPMENT 4401 XYLoN AV. N. NEw HOPE, MN 55428 (612)531 -5100 COUNTY: ANOKA DISTANCE FROM THE MPLs/ ST. PAUL AREA: 20 MILES NW POPULATION: 17,192 LARGEST EMPLOYERS: HOFFMAN ENGINEERING CO., ELECTRICAL ENCLOSURE; 1,600; ANOKA COUNTY, COUNTY GOVERNMENT; 1,388 CONTACT: ROBERT KIRCHNER DIRECTOR COMMUNITY DEVELOPMENT DEPARTMENT 2015 FRsT AV. N. ANOKA, MN 55303 (612 )421 -6630 Whether a company is looking for room to expand or just the resources that can help fuel growth, representa- tives of the north -metro area say they are determined to create an infrastructure that will support those plans. And, supporters remind with a wink and a nudge, going north could be just the ticket to a business's success. COON RAPIDS COUNTY: ANOKA DISTANCE FROM THE MPLS/ ST. PAUL AREA: 8 MILES N/N W POPULATION: 52,978 LARGEST EMPLOYERS: MERCY MEDICAL CENTER, HOSPITAL; 1,453; ANOKA HENNEPIN SCHOOL DISTRICT, .FDucATm;1,260 CONTACT: LEE STARR, DIRECTOR DEVELOPMENT SERVICES 1313 COON RAPIDS BLVD. COON RAPIDS, MN 55433 BROOI(m CENTER- COUNTY: HENNEPIN DISTANCE FROM THE MPLS/ ! . ST. PAUL AREA: 8 MILES N POPULATION: 28,887 LARGEST EMPLOYERS: BROOKDALE CENTER, SLOPPING CENTER; 1,709; PROME -ON, DIVISION OF MEDTRONIC. MEDICAL COMPONENTS; 459 CONTACT: BRAD HOFFMAN, DIRECTOR COMMUNITY "DEVELOPMENT 6301 SHINGLE CREEK PKWY. BROOKLYN C9RER, MN 55430 (612)569 -3300 7i°j BLAINE COUNTY: ANOKA DISTANCE FROM THE, MPLS/ ST. PAUL AREA: 15 MILES N/NE POPULATION: 38,975 LARGEST EMPLOYERS: CONSOLIDATED - FREIGHTWAYS, TRUCKING; 418; AVEDA, BEAUTY PROOucn ;275 CONTACT: JOHN COX,..... ADMINISTRATOR; BLAINE AREA DEVELOPMENT CO. 9150 CENTRAL AV NE. BLAINE, MN 55434 - (612)784.6700 COUNTY: ANOKA DISTANCE FROM THE MPLS/ ST. PAUL AREA: 9 MILES N POPULATION: 28,335 LARGEST EMPLOYERS: FMC CORP. NAVAL SYSTEMS DIVISION, PUMPSINAVAL ORDNANCE; 2,400; MEDTRONIC CORP., ELECTRO- 'MEDICAL DEVK:Es; 2,350 CONTACT: BARBARA DACY, DIRECTOR COMMUNITY DEVELOPMENT 6431 UNIVERSITY AV. NE FRDLEY. MN 55432 (612)572 - 3590 MINNEAPOLIS NEW BRIGATON DISTANCE FROM THE MPLS/ ST. PAUL AREA: 6 MILES N POPULATION: 2$207 LARGEST EMPLOYERS' ZEDS INTERNATIONAL. COMPUTER MANUFACTURNIO/SALES; 823; DELTA ENVIRONMENTAL, ENVIRONMENTAL CONTACT: KEVIN LOCKE, 603 FIFTH AV.. NW. NEw BRIGHTON. MN 55112 (612)631-8340': COUNTY: ANOKA DISTANCE FROM THE MPLS/ ST. PAUL AREA: 7 MILES N POPULATION: 18,910 ` LARGEST EMPLOYERS: MEDTRONIC INCA ELECTRO- : MEDICAL DEVICES; 275; "K MART, MERCHANDISE SALES; 200 „, - " - ' CONTACT: DoT SCHINEDER HOUSING AND REDEVELOPMENT AUTHORITY 590 40TH AV. NE COLUMBIA HeGHM MN 55421 .(612)782 -2855 _ ST. PAUL SEPTEMBER / 0CMBER 1992 MINNESOTA VENTURES 49 changes on such issues as fiscal dispari- ties, tax - increment financing and better transportation (including attaining $44 million in federal and state funds for the new Highway 610). NMMA also launched an ongoing public - relations and marketing campaign several years ago to promote the area as a viable place to con- duct business. It published Northern Lights magazine for about two years, which featured profiles of the northern suburbs, and it continues to publish "Fo- cus," a center insert in the newspaper Business Media. In addition to its other activities, the North Metro Mayors Development Asso- ciation, a branch of NMMA that was founded in 1988, is increasing the odds of retaining and attracting companies to the area by developing relationships with banks to provide financing assistance to companies. The association has conducted demographic studies and can provide in- formation to companies on everything Historic, state -of- the -art and affordable are not contradictory terms when you meet in Minneapolis North Metro, w Consider! Minnesota's Most Charming Meeting Place Alternative, a 7.5 acre historic country estate, lovingly restored to create a state-of-the-art meeting, conference and exhibit center, and an exquisite 11 -room Bed & Breakfast Inn. In all, more than 20,000 square feet of totally flexible meeting & dining space, for groups up to 1,000. Complete catering services; AV, sound and lighting equipment; and free parking! America's First All Suite Conference Center featuring 231 two -room executive suites. This two - level, 22,000 square foot conference center is uniquely comprehensive and flexible, featuring 800 seat and 400 seat ballrooms, a 138 seat amphitheater and 27 conference rooms. Truly a world -class living and learning facility. Four Additional Meeting and Convention Hotels with facilities to accommodate up to 500 persons. All nationally affiliated, yet offering some of the Twin Cities' most competitive rates for first -class meeting service. Over Twelve Hundred Sleeping Rooms. Seven Championship Golf Courses nearby, featuring one of America's finest municipal courses designed by Robert Trent Jones II, complete with clubhouse facilities accommodating up to 400 persons. All Facilities Within Minutes of downtown Minneapolis by interstate highway. Fine Shopping Centers, Mississippi River cruises and thousands of acres of parks. Historic! Unique! State -of -the- art! Convenient! Affordable! That's Minneapolis North Metro. Check us out before booking your next Twin Cities meeting. Let us show you first hand why Minneapolis North Metro offers the area's most delightful meeting facilities. Call 1- 800 - 541 -4364 or 612 - 566 -7722. . . RO Minneapolis North Metro Convention Bureau 6155 Earle Brown Drive • Suite 120 Brooklyn Center • MN 55430 50 MINNESOTA VENTURES SEPTEMBER /OCTOBER 1992 from the school systems to the work force in the north -metro area. NMMA al- so can call upon the bonding power of the Minneapolis Community Develop- ment Agency to help businesses find fi- nancing. "Through their bonding power, [MCDA] will provide dollars to be bond- ed for projects in the north -metro area," says Bill Haas Jr., president of the North Metro Mayors Development Association. Adds Strauss: "If there is a particular project that either is a business expansion or business transfer, and it requires unique or creative or large financing, and the local community is not about to do it through its own mechanisms, that com- mon bond fund is available," to qualify- ing companies. Besides these larger, concerted efforts The AoTth metro f la y ors Deuelopment Association is developing relationships with banks to prouide financing assistance to companies. to attract and keep companies in the northern suburbs, several cities have also created their own tools for helping busi- nesses grow. Consider Champlin, a town of about 17,000 people located in the far northern section of Hennepin County (about 17 miles from downtown Min- neapolis). For companies considering building within Champlin but that find themselves short of cash, they might consider con- tacting the Champlin Growth Fund. The fund is a new supplemental loan program for commercial development in that city. "If [a company is] still short of money to put their project together and make it fea- sible, that's where [the fund] would come in," Haas says. Champlin has just started assembling the fund, which will be fund- ed by a percentage of the sale of city - owned property that will be developed into commercial lots. The plot is called the Park Ridge Property, 20 acres of land donated to the city about five years ago. That means the fund is neither raised through nor dependent on tax dollars. "Today, government has to be creative in how it raises funds, and this is one of the ways," Haas says. Another newly formed organization, the Community Resource Partnership, is working with three northern -metro sub- urbs— Blaine, Brooklyn Center and Brooklyn Park —on a multicity business - retention, job - creation and market -expan- sion project. In September, CRP will sur- vey the business community in the north - metro area to create a detailed database. The purpose is partly to assemble infor- mation to identify links between north - metro companies that could use each oth- er's services and products, and thereby strengthen the local economy. The three - year pilot project is to be conducted in conjunction with the cities, the area's community and technical colleges, and the Minnesota Department of Trade and Economic Development. �� 24NN Ful �� 1, Mie 52 MINNESOTA VENTURES SEPTEMBER / OcroBER 1992 The partnership, for example, found one local company whose products were packaged for international shipping in Missouri, although just a block and a half away, a new carton company had opened. The two companies were un- aware of each other. "It makes a lot of sense to put those dollars in the local market," explains Strauss, "because it creates jobs and expands the market." Alarger north -metro city, such as Brooklyn Park (population 57,000), sells bonds through its Economic Develop- ment Authority to help companies raise cash for expansion. "So we have that arm that other cities do not have," says Joe McKasy, the city's director of economic development. In addition, Brooklyn Park is currently implementing a business -re- tention and credit - enhancement program, expected to be launched by mid- Septem- ber. Under the program, the city would guarantee to lenders a small part of a qualifying company's business loan, such as 10 percent. "We're simply making it economically more viable for businesses 0-Donnett-s company will receive a $200.000 incentiue loan at 0- percent interest through Brooklyn Parks Economic Deuelopment Ruthority. in Brooklyn Park to do business," McK- asy says. Innovative Communication Systems, a computer- software manufacturer that moved from Fargo, N.Dak., to Brooklyn Park on June 1, is one company that has benefited from the programs Brooklyn Park has set up. ICS will receive a $200,000 incentive loan at 8- percent in- terest through the city's Economic De- velopment Authority; in return, Brooklyn Park will benefit through additional job creation in the area: ICS was founded in 1984 as a technol- ogy- transfer project created through the University of North Dakota. The company currently has 10 full -time and four part- time workers, but company founder Michael O'Donnell expects to add between 200 and 300 customer - support technical representatives within the next two years as ICS rolls out its new product, Ask -Me. Ask -Me is an interactive multimedia software package that enables a company to merge such media as video, animation, sound, graphics, text and still -frame pic- tures through a computer to create a dynam- ic presentation. It is an interactive program in the sense that the operator can pull infor- mation from the presentation at any time to illustrate a point. Multimedia software is considered one of the hottest new comput- er- software specialties, and it's growing at a 43- percent annual rate, O'Donnell says. The industry is predicted to grow from $4 billion in sales in 1992 to $30 billion in 1995. O'Donnell sees a bright future for ICS's product because by using Ask -Me, potential customers could prepare their own presentations rather than hire an advertising agency to create presentations for them. As a `do -it- yourself process, the savings for users could be enormous. ICS launched its first software product in 1990. Recent proceeds from a $1 mil- lion private placement will be dedicated to product development and marketing and sales, as well as hiring additional employ- ees. In 1991, the company had revenues of about $500,000, but its goal for the 1992 - 1993 fiscal year (which ends for the com- pany on June 30) is $2 million. . According to O'Donnell, the company relocated for several reasons. It needed to be in a bigger city to capture more of its desired market. In addition, its investment bankers in Minneapolis wanted ICS to be closer, and Brooklyn Park provided an added incentive to relocate with its loan. One reason the company likes the northern suburbs, O'Donnell says, is the affordable housing. ICS relocated six families to the metro area, and they were all concerned about housing and insurance costs. "[They] all ended up on the north end because it's just a little more affordable," O'Donnell says. Mobility is another reason the com- pany is pleased with the north -metro area. "Anytime I have an appointment and I have to go down to Bloomington, Eagan or Eden Prairie, I'm stuck in traffic for an hour," he says. "And I can get around the north end. So there's a good infrastructure here in terms of transportation." Transportation in the north -metro area will be even better when the 610 cross- There's Room To Grow Your Business In Roseville! 0 ' Roseville Nr 1-35W 1-35E Minneapolis ■ Roseville Interchange 36 I -35W `55 2280 1 -35E St. Paul 55 STATE CAPITOL 1 -35W % 94 NOW LEASING Roseville Interchange an office /warehouse complex totalling 570,000 sq.ft. Features include:' ■ Attractive Rental Rates /Competitive lease terms ■ Excellent access to I -35W /Highway 36 and I -694 ■ 3,000 to 26,000 sq. ft. available ■ Dock /Drive in /combination 14 feet -18 feet clear For more information, contact Brian Doyle /Mike Brass /Mike Fardy (612)633 -8600 Management and leasing of Roseville Interchange and the 330,000 sq.ft. Crossroads of Roseville Shopping Center by Welsh Companies, Inc. on behalf of Aldrich, Eastman & Waltch, Inc. WelshCO panics PROPERTYMANAGENEw BROKERAGE CONsmucnON DiivaopMr.Nr INVMWENrSERVICES 11200 West 78th Street Eden Prairie, MN 55344 (612)944 -5810 SEPTEMBER / OCTOBER 1992 MINNESOTA VENTURES 55 town highway is completed, a major goal of the North Metro Mayors Association. The highway is to serve as a convenient east -to -west route, much like Crosstown 62 in south Minneapolis. The new high- way will nun through five communities: Blaine, Brooklyn Park, Coon Rapids, Maple Grove and Mounds View. There are three phases to the project: Phase one, the 610 Bridge (in the middle of the pro- ject) is now under construction. Phase two, slated for construction in 1995, ex- tends the 610 Bridge to trunk Highway 169. Phase three, extending from High- way 169 to I -94, is expected to be com- plete by the late 1990s. The freeway will relieve congestion on other parts of the transportation infrastructure, primarily I- 694, Strauss says. Strauss says if the North Metro Mayors Association hadn't pushed for the project, it would probably not have been built for about 25 years because it was not a prior- ity for MnDOT. A 'group comprising the five corridor communities, Hennepin and 56 MmEsam Vonums SonvABER / OcroHm 1992 t Rick Meier tik- 44ytersop wcrlc%r�e sllliv'g!n nortbem ' °° _�'� _ •1 �' s-r�rbr4�^��Iile�c "iripany's Cl_ramp_/in.loon ensr�l`res 8�ho�i�— °� - £} � y. �r ., nom.. .� � (/�/!/IIIIfIffi'. { town highway is completed, a major goal of the North Metro Mayors Association. The highway is to serve as a convenient east -to -west route, much like Crosstown 62 in south Minneapolis. The new high- way will nun through five communities: Blaine, Brooklyn Park, Coon Rapids, Maple Grove and Mounds View. There are three phases to the project: Phase one, the 610 Bridge (in the middle of the pro- ject) is now under construction. Phase two, slated for construction in 1995, ex- tends the 610 Bridge to trunk Highway 169. Phase three, extending from High- way 169 to I -94, is expected to be com- plete by the late 1990s. The freeway will relieve congestion on other parts of the transportation infrastructure, primarily I- 694, Strauss says. Strauss says if the North Metro Mayors Association hadn't pushed for the project, it would probably not have been built for about 25 years because it was not a prior- ity for MnDOT. A 'group comprising the five corridor communities, Hennepin and 56 MmEsam Vonums SonvABER / OcroHm 1992 Anoka counties, the business community, various chambers of commerce, legislators in the area and about 100 volunteers worked on and lobbied for the project ex- tensively. The project is to be funded with $36 million from the federal government and about $8 to $9 million from the state. While the transportation system will un- doubtedly be better once the 610 project is finished, at least one company says that the current system is just fine already, thank you. Anderson Development Corp., a con- struction company that relocated in June to the north -metro area, cites the fire- flowing transportation in the north metro as a big plus for its business. Anderson Development Corp, which moved to Fridley from two south suburban locations, Burnsville and Savage, is now near Highway 65. "[Our location] is real nice —in the morning we can get equip- ment out and downtown fast," says owner Brent Anderson, whose company is also near I -694. "We're much closer to the downtown area than we were in Savage for all of our supplies." Anderson says the main reason the busi- ness relocated was to combine its two of- fices under one roof, making it easier to coordinate the work force. He was looking at buildings primarily in the northern sub- urbs, such as New Brighton, Roseville and Fridley, although he did look at a Bloo- mington site as well. He eventually found an old lumberyard in Fridley that was a good fit for his business. The corporation is in the process of rejuvenating the lum- beryard it bought, adapting it to its needs. Anderson Development Corp is a hold- ing company for four businesses: Brent Anderson Association, an architectural de- sign firm (founded in 1978); Division 7 Corp., a commercial roofing and water- proofing company (1982); Division 3 Restoration, a concrete - restoration compa- ny (1991); and Division 5 Specialties, a company specializing in interior and exte- rior expansion joints (1992). "One thing that was very instrumental in [relocating] is that the Coon Rapids Rede- velopment Authority helped [us with] funds to put togethez [a Small Business Adminis- tration] package," Anderson says. The Re- development Authority, a nonprofit organi- zation that works for Anoka County, paid the $5,000 required to put the loan together. The company, which typically employs 70 workers in the summer and 35 in the winter, went from $50,000 in sales in 1978 to $6 million in the 1991 fiscal year and jumped to $7 million in its 1992 fiscal olk' LOVE AT ftST SITE*. 65 35 A= My MOR71MM MMUSTRIALPARIC 65 is wI& B,. Papa w Tlrta aPM Own You'll love the variety of sites available at NORTHSTAR INDUSTRIAL. PARK. This exceptional development, located on Interstate 35W and 85th Avenue NE in Blaine has sites for sale or build to suit/lease back. An excellent opportunity for 10,000 to 100,000 square foot users. You can take advantage of this. competitively priced light industrial space in a north metro location by calling Doug Watson at (612)920-4077 ■ WATSON INVESTMENTS ■ Brokers Welcome Is "Herit age Qnter totailygeareato serve What makes the Heritage Center so uaique among Twin Cities meeting places? Ask the Minne�ta . Society of CPAs Conference CoordmatoA Kathryn Carlson: "The layout The staff assistance.'Ihe free parking a mental break by walking about the b grounds. Ies just a great place for a meeting!" (800) 524-0239 (672) 569 -6300 6155 Earle Brown Drive 'II ■ Kathryn Carlson 1v�OTA SOCIiIY OF CPAs Brooklyn CentmMN 55430 SErrHMBER /OCTOBER 1992 MwrnsoTa Vermmis 57 \N • Just 20 minutes from downtown Reserve ur t on the lin Annual Minneapolis J°D �°P Ci (upgraded Highway 169 corridor). Citywide Bur on October 1, 1992, 3:0 p.m o 4:30 p.m. RVP by Frday • Prime commercial properties available. September 25 to Mary Ebanks at • City financing. 612 -421 3055. • Just opened: the largest state -of -- the -art All interested parries are invited high school in the state. City Mary Ebanks or Kurt Ulrich City of Champlin Cham lin P Community Development U955 Champlin Drive Champlin, MN 55316 _ 612 -421 -3055 THE IDEAL BUSINESS CLIMATE... FOR ENTREPRENEURS TOO BUSY TO SPEND TIME AT THE BEACH. At Golden Tan you can improve your "corporate image" in a clean, comfortable, air conditioned environment. In as little as one hour per week. oaoan on RICHFIELD 6409 LYNDALE AVE. So. 861 -6276 BIG. TOWN AMENITIES With Small r1bwn Feel Inquire about the best of both worlds for industrial, commercial and redevelopment opportunities Contact: City Manager's Office, City of New Hope 4401 %ylon Avenue North, New Hope, MN 66428 (612)6315112 58 MwNEsora VwnuPFS SEPTEMBER / OcroaER 1992 year. Despite the nation's economic down - tum, the company is well ahead in sales this year over last year, Anderson says. A key to Anderson Development's success is that, unlike most subcontractors, it em- ploys engineers and architects to provide technical expertise, he says. "Rather than do just whatever the architect has designed or the contractor wants you to do, we real- ly try and get involved in the design and the construction to make things better than you would normally do," Anderson says. "Lots of times subcontractors don't get that involved. A lot of architects now call us to help them on the design." Another company profiting in. the north- metro area is Meier Tool and Engineering, a contract manufacturer specializing in precision metal stampings (i.e., parts) made from coils of very thin -gauge metals. It manufactures small precision parts for various industries, including electronics and medical, as well as for the military. According to owner Richard Meier, business has doubled for the Champlin - based company in the past three years. In addition, the company is operating in the midst of an expansion that will more than double its plant size, from 4,000,to 8,600 square feet - Meier attributes the success of Meier Tool and Engineering to several factors, including its "very aggressive and hard- working and well-trained" employees. The company has grown from two employees in 1984 to 11 today, all of whom live in the northern suburbs of Anoka, Blaine, Champlin and Crystal. Meier also cites the company's reputation for quality work and customer service: "If you keep the cus- tomers happy, good things will happen." Another success factor, he says is that "Champlin is a good location. It's easy.to get to; we're located only a1alf -block off Highway 169." Champlin is also conve- niently situated near companies that offer special services that Meier Tool uses, such as those that "heat treat" metals into a soft state needed for stamping. Because Meier Tooland Engineering is near these compa- nies, it can reduce the turnaround time 'to its customers, which Meier says is becom- ing increasingly iMportant. Another plus of the north -metro area is found in its housing situation, Meier says. "Tire housing up in this area is pretty rev sonable," he says. "You can get a nice new home up here for about the same price [as) a 10- year -old home in other areas." 17