HRA 11/10/1994 - 29577J
��
C� 2 �,���'� Y 1T'S,l � �i7
80II8INa & REDBVELOPI�lENT AIITSORITY MELTING, NOVEMBLR 10� 1994
CALL TO ORDER:
Chairperson Commers called the November 10, 1994, Housing and
Redevelopment Authority meeting to order at 7:35 p.m.
ROLL CALL:
Members Present: Larry Commers, Jim McFarland, Duane Prairie,
John Meyer
Members Absent: Virginia Schnabel
others Present: William Burns, Executive Director
Barbara Dacy, Community Development Director
Jim Casserly, Financial Consultant
Grant Fernelius, Housing Coordinator
Craig Ellestad, Accountant
James Hoeft, HRA Attorney
APPROVAL OF OCTOBER 24. 1994, JOINT HRAjCITY COUNCIL MEETIATG:
^ MOTION by Mr. Prairie, seconded by Mr. Meyer, to approve the
October 24, 1994, Joint HRA/City Council minutes as written.
IIPON A VOICE VOTE� ALL VOTINa AYE, CHAIRPERSON COA�lERB DECLARL�D
THE MOTION CARRIED IINANIMOIIBLY.
APPROVAL OF OCTOBER 24� �994, HOUSING AND REDEVELOPMENT AUTHORITY
MINUTES•
MOTION by Mr. Meyer, seconded by Mr. Prairie, to approve the
October 24, 1994, Housing and Redevelopment Authority minutes as
written.
IIPON A VOICE VOTE, ALL VOTING AYE, CHAIRPSR80N COMMERB DBCLARED
THE MOTION CARRIED IINANIMOIIBLYs
1. APPROVE REOCCUPANCY OF FORMER 10.000 AUTO PARTS BUILDING, BY
JIM YUNGNER: 6525 UNIVERSITY AVENUE N.E.
Ms. Dacy stated the reason this item was being presented for
discussion is first because the zoning is S-2, Redevelopment
District. The language for the S-2 district enables the Planning
Commission, City Council, and Housing and Redevelopment Authority
(HRA) to review uses to see if it is consistent with the
redevelopment plan. Second, the owners of this business have
expressed an interest in being part of the redevelopment project
--�, that Mr. Lowell Wagner is attempting to pursue.
�
�'`�
HOIISYNa & REDEVSI,OPMSNT AIITHORITY MT�.. NOVEMH�R 10. 1994 PAG� 2
Ms. Dacy stated staff has on a temporary basis been working with
the owner on�the occupancy of the building. When Ms. Dacy became
aware of this use, the owner said The Gym would occupy the
building and sign a lease for three years. She thought three
years was a significant time frame of which the HRA should be
aware. The Planning Commission and the City Council have
reviewed the zoninq issues and site issues, and have approved
occupancy of the building under the current zoning. Of issue for
the HRA is whether or not this occupancy would affect the
redevelopment in any way. Staff feels it will not hamper
redevelopment. The improvements the petitioner is making to the
building are more cosmetic and will not add aignificantly to the
value of the building. Mr. Wagner is aware of the three-year
lease and, if he needs to break the lease, he will have to
compensate.
Ms. Dacy stated, regarding the longer term impact of whether that
use should be in that building and in the redevelopment in the
future, staff recommended, and the Planning Commission and City
Council agreed, that it is to early to approve. There are issues
regarding parking which staff wants to evaluate if the project is
to proceed. Staff are hoping whatever we do in the Southwest
Quadrant will spark an additional demand for retail uses on that
corner, and we are not prepared to say it is okay for this
business to occupy a significant part of that building.
Stipulation #6 that the Council included p�eserves our rights to
the approval of the use �n redevelopment.
Ms. Dacy stated, if the HRA has an objection of the type use, now
is the time to let the petitioner know that you do not want them
in the building. Mr. Yungner went to the Planning Commission and
City Council meetings in September. The Gym �is now at 261
Commerce Circle and focuses on weight training and body building.
They have begun work on the inside of the building and have
painted the outside improving the temporary appearance. Staff
recommends the HRA approve the re-occupancy of the building with
the six stipulations as follows:
1. The petitioner shall. apply for the appropriate building,
plumbing, and mechanical permits to complete remodeling as
proposed.
2. The petitioner shall stripe the parking lot; parking stails
are 10 feet wide ancl 20 feet long, or 18 feet long if the
stall abuts a curb stop or landscaped areae
3. The dumpster shall be screened on all sides.
4. The parking lot shall be kept free of weeds and grass.
HOIIBINa & REDEVSLOPIKBNT AIITHORITY MTa.. NOVEMSER 1Q. 1994 PAa� 3
n
5. Landscaped area to the north shall be kept trimmed in an
attractive manner to provide screening from the residence to
the north e
6. Inclusion of the proposed use in the Fridley Town Square
redevelopment project shall be reviewed by the City Council,
Planning Commission, and Housing and Redevelopment Authority
prior to execution/approval of the development contract for
the project.
Mr. Prairie asked how many locations does The Gym have.
Ms. Dacy stated she thought they had facilities in Plymouth,
Fridley, Champlin, and Bloomingtone
Mr. Meyer asked if the police had any negative comments.
Ms. Dacy stated the police had no complaints. They were happy
the building would be occupied.
Mr. Commers asked if Mr. Wagner intended to include The Gym if he
develops the property.
� Ms. Dacy stated Mr. Wagner is willing to evaluate including them
if the City is comfortable with it. Also, Mr. Wagner does not
want to lease a significant part of the building to them because
of parking concerns and to allow for additional tenants.
Mr. Commers asked where the HRA is with Mr. Wagner.
Ms. Dacy stated, although Walgreen's have not said in writing
they are not interested in the site, Mr. Wagner is looking for a
similar-type anchor tenant. He no longer has any written
aqreements on the three properties. He had a verbal agreement
with Mrs. Swanson. Apparently, the option agreement on the
single family homes has expired.
Mr. Commers asked if we had any commitment to Mr. Wagner as far
as what the HRA would do in terms of assistance.
Mr. Dacy stated there is no development contract executed. The
HRA did approve a concept assistance up to $300,000. If he comes
in with the exact same proposal, it would be on the table. If
the proposal is different, we can negotiate.
Mr. Commers aslced how long that agreement is kept open.
Ms. Dacy stated it will be kept open as long as the HRA wishes to
do so.
,�
HOII8IN�3 & REDLVELOPMENT AIITHORITY MTa.. NOVEMHER 10. 1994 PAaE 4
�� �
Mr. Casserly stated the HI2A has no legal relationship to make
that offer at this point. It is just that we have not dealt with
anyone else. The last discussion about a proposal was
approximately 18 months ago.
Mr. Commers stated The Gym may be fine but his concern is that
this may not be the kind of project to put that kind of funds
into. He would imagine there could be scenarios where they might
want us to continue on that level and he wants to be sure the HRA
is protected.
Mr. Burns stated, as he recalled, the sum of $300,000 is tied to
the Fitch buyout which is no longer relevant to the project.
Therefore, the $300,000 proposal would not necessarily be
relevant.
Mr. Casserly stated this was also based upon the option
agreements which are no longer available. This kind of use
generally tends to have a lower square foot lease payment. He
was not sure how the financing would work.
Ms. Dacy stated part of Mr. Wagner's question to the HRA is what
your concerns are about the lease. He is aware this use is not
�,.� what was contemplated three or four years ago. If the HRA does
not want to see this use, that is okay. The petitioner wants to
know this up front. This will also give them time to locate the
business elsewhere. We have told them we will not carte blanche
approve the use in the redevelopment of trie buildinq. There are
issues with parking. Mr. Wagner is concerned that, because of
the nature of use and the fact that most customers work,
customers come after 5:00 p.m. and occupy many parking spaces.
We are concerned about other possible uses in the building and
that there may be corresponding peak use.
Mr. Commers asked, if someone decided it was appropriate, is
there anything anyone could do.
Ms. Dacy stated the S-2 zoning gives the HRA, Planning Commission
and City Council the discretion to determine whether or not the
use is consistent with the redevelopment objectivese
Mr. Commers asked, if the HRA says this is not consistent with
our long term objectives, where does that leave use
Ms. Dacy stated she did not think anyone objects to The Gym
occupying the building on a temporary basis. �What she is hearing
is that the HRA may not want them as part of the redevelopment
plan. If so, we need to let them know.
�"^, Mr. Meyer stated he cannot see setting ourselves up for problems.
- Down the line, someone could demand us to keep the low rent, but
HOIIBINa & REDEVELOPMENT �IITHORITY MT�.. NOV8M8$R 10. 1994 PAGB 5
�`,
we can handle that. It sounds as if it would be okay.
Mr. Commers stated this would tie up the buildinq for three
years. He did not think they would get the development done in
three years unless there is a buy out of the lease.
Mr. Meyer asked, if something significant is to happen on that
corner, this business would have to qo. In the interim, there is
someone occupying and keeping up the building and striping the
parking lot.
Mr. Prairie asked if there was discussion on the length of the
leasee Two years would be easier for the City.
Ms. Dacy stated there was not a detailed discussion on the length
of the lease. That was between The Gym and the owner.
Mr. Commers asked if staff were asking for HRA approval.
Mr. Burns stated it was an option not to take action but also not
veto the request.
Mr. Meyer thought that through no action they would be giving
� consente
Ms. Dacy stated, if the HRA does not want to formally approve,
the zoning district states the Planning Commission and City
Council can review and approve and, as long as there is a written
Housing and Redevelopment Authority report on the project plan
and considerations. If the HRA wants to �ay, given the Planning
Commission and City Council approval is good 'enough, that is
fine.
Mr. Hoeft stated, as he read the statute and to follow up on what
Ms. Dacy said, right now the property is sitting there and the
HRA is the appropriate body as far as deciding whether a
temporary use or a use outside the plan fits into the
redevelopment proposal. Therefore, the City Council would have
authority over the zoninq code as far as whether the use complies
or does not. The proposal is here for the HRA's review and
opinion. He thought staff would be looking for approval or
disapproval on a formal level. This would come before the HRA if
it was part of a redevelopment plan. Because this is not a part
of an actual redevelopment, he does not think there needs to be a
formal action by the HRA. The zoning question is for the City
Council to resolve. This is here because there is a desire by
staff for informal discussion as to the HRA�s concerns.
Mr. Commers stated staff is asking the HI2A whether we have any
^ input as to whether or not, if that corner is redeveloped, that
this would be a part of the redevelopment.
HOIIBINa � REDEVELOPMENT AIITHORITY MTd.. NOVSMSER 10. 1994 PAaE 6
�
Ms. Dacy stated, if the IiRA feels strongly that they do not want
to see this use as part of the redevelopment plan, staff and the
petitioner want to know nowe
Mr. Prairie asked what is wrong with waiting and seeing.
Mr. Meyer asked if the HRA would be committing themselves to The
Gym being part of the redevelopment plan.
Ms. Dacy stated the first question is whether or not the HRA has
a problem with The Gym occupying the building for three years.
Mr. Commers stated this was the City Council�s decision and they
are okay with that.
Ms. Dacy stated the next question is whether the i�2A is
comfortable with The Gym in the new buildinq after redevelopment.
Mr. Commers stated he would prefer not to have that kind of
facility there.
Mr. McFarland asked, if they turn down the request, will The Gym
move in temporarily.
� Ms. Dacy stated they would be there as long as they can. They
are fully aware that they may have to move in one year or perhaps
two years.
Mr. Prairie asked how long has that building been without a
permanent tenante
Ms. Dacy thought it had been at least six years.
Mr. Prairie stated he would say maybe to this use.
Mr. McFarland stated he had no opinion either way.
Mr. Meyer stated Mr. Wagner will not guarantee they will be in
the redevelopment. If it makes sense for the redevelopment, then
it may make the whole thing work. We cannot make any guarantees.
Mr. Commers stated he does not want to see it if there is a lot
of traffic. Perhaps we could get a retail use there. He is just
not enthused with having this use as an anchor for that project.
Mr. Prairie stated a fast food business has a lot of traffic but
short term parking. This may have different parking needse
Mr. Commers stated the consensus of the HRA is to take a look at
� it when the time comes.
�OIIBINa & REDEVELOPI�ENT AIITHORxTY MTG.. NOVRMHER 10, 1994 PAQE 7
n
2. DISPOSITION GUIDELINES FOR SCATTERED-SITE ACOUISITION
PROGRAM
Mr. Fernelius stated his memo included in the agenda explains the
process staff recommends usinq in selling the properties. Staff
considered several methods of disposing of the property 3ncluding
to list the properties with a real estate agent, which was not
considered as desirable; to post a sign and take offers on a
first-come, first served basis; or, the one we are recommending,
to take sealed bids on the properties for the following reasons:
1. By law, the I�2A must sell its property for an amount which
takes into consideration the fair market value. By
utilizing a sealed bid approach, the market will in effect
establish the price. This does not mean that the HRA is
obligated to accept the offer/s. �
2. State law also requires the HI2A to conduct a public hearing
before it can convey the property. By selling all of the
lots at the same time, we can conduct one hearing.
3. The HRA has the opportunity to take offers from the general
public and potentially receive more offerse
� Mr. Fernelius stated by using a sealed bid process, we think that
a market will be created and, therefore, we will meet that
requirement. The HRA needs to conduct a public hearing before it
can actually approve the sale of the property. It makes sense as
a practical matter if we can have one public hearing for all the
properties. It also offers the opportunity to get more offers
and to appear from a public perspective to be �ore open.
Mr. Fernelius stated, after bids are acceptecl, the HI2A would
conduct a public hearing to review the bids and formally award
the sale of each lot to the highest, most responsible bidder.
There is some flexibility if there is some discomfort with one of
the bidders. We would also enter into a development agreement
for each individual property which would spell out such things as
the time when the project is going to be completed, the type of
home to be constructed, a performance bond, a provision allowing
the HRA to prevent a builder from selling the property until he
has completed the improvements, etc.
Mr. Fernelius stated staff has prepared guidelines which were
included with the agendao He thought it was a process which
would meet the statutory requirements. This process only applies
to what are considered buildable lots. Of the eight properties
acquired, two are considered non-buildable and are not covered
under these guidelines. Staff are still considering options for
,-� those two properties and will return a recommendation at a later
date.
80IISINa 6 RED�VELOPMENT AIITHORITY MT�.. NOVEMB$R 10. 1994 PAQ$ 8
r"1
Mr. Fernelius stated staff recommends approval of the quidelines
as presented and to authorize staff to put the properties up for
sale.
Mr. Commers stated he presumed that when the properties were
acquired we got all the titles, abstracts, �tc. What is the
estimated expense for the sale of these lots?�
Mr. Fernelius stated they had budgeted $50,000 per property which
included acquisition. Staff has stayed within that budget, but
there are some costs over and above for demolition.
Mr. Comiaers asked if their were going to be costs incurred?
There will not be any realtor commissions. Are there taxes to be
paid?
Mr. Fernelius stated there may be some costs involved in drafting
a development agreement. Because we did not meet the July 1
deadline, the property is considered taxable for next year. We
will need to pay taxes for 1995 at least through the date of
closing.
Mr. Hoeft stated most of the taxes on these properties are
�.,� insignificant. The costs would be the cost of drafting the
development agreement. He was not sure of restrictive covenants
or if that is included in the development agreement. That issue
is not resolved. There may be other miscellaneous closing fees.
Those costs will be relatively insignificant. The costs up front
will be to draft the development agreement and covenant.
�
Mr. Commers asked how these will be policed to make sure the
developer complies.
Mr. Hoeft stated, in Columbia Heights, through a development
agreement they are controlling what the hou8e is going to look
like through detailed plans which must be pre-approved by the
City before a building permit is issued. Once the building
permit is issued, they tied up the certificate of occupancy with
the final inspection and sign off by the City.
Mr. Meyer stated they are asking for sealed bids for the lot. We
are concerned about the future use on the lot. In the sealed bid
operation, we have no control over what is going to be on that
lot. We will pick the high bidder, then decide what is proper,
and then award the contract. We don't know durinq the bidding
process what kind of operation will be built on that lot. It
seems that we should have some restrict3ve covenant in the
original bid or outline of what is to be built there. This
should be in the bid process and not wait until negotiating after
a bid.
�
��
%''�
HOII8IN6 & RED�VELOPMENT AIIT80RITY MTa.. NOVSMHBR 10. 1994 PAaS 9
Mr. Commers stated we are not just selling a lot but, perhaps we
should do as in other developments, say this is the lot and we
want to see what will be placed on that lot.
Mr. Fernelius stated we would certainly make potential bidders
aware of our guidelines and all of this information would be
available to them so they know what our expectations are. He did
not think there would be any surprises. Before we convey the
property, the development agreement could address those concerns.
It is true we would be negotiating after accepting their offer,
but we would have the ability to say we don't 13ke what they are
proposing. We could choose not to sell them the lot.
Mr. Commers stated not selling puts us in a different position.
Mr. Hoeft agreed. But the way we would address this is, in the
bid process, there is a page called Design Guidelines. The way
he suggested they try to address that is that the bids be awarded
upon the sale of the properties contingent upon a development
contract. We could call it a sale agreement and redevelopment
contract. The property is not transferred until the City has
received specific plans and have reviewed and approved those
planse If the plans are not approved, the sale does not take
place. He thought this could be incorporated into the bid
process.
Mr. Meyer stated his experience with qovernment bids is that it
takes a lot to eliminate a low bidder.
Jim Casserly stated the point is well made, but what you do is
incorporate in the bid process the fact that the property is
going to be sold subject to these conditions.
Mr. Meyer stated, as an example, a developer wants to purchase
four properties and he has the high bid. But, we decide to give
the contract to the second high bidder, and the first bidder does
not like it and takes us to court.
Mr. Hoeft stated a responsible bidder has to match their bid
proposal with the specifications. An independent review will
show whether the bidder meets the criteria set forth. If they
meet all the criteria, you will have a hard time calling them an
unresponsible bidder.
Mr. Commers asked if potential bidders would expect asaistance
from the HRA.
Mr. Fernelius stated no.
Ms. Dacy referred to the Design Guidelines and asked if there
were issues about which the members had concerns.
HOIISING � REDEVTsLOPMENT AIITSORITY MTa.. NOVSMB$R 10. 1994 PA6S 10
� .
Mr. Meyer stated he is concerned that this 3s after the fact. We
go from a very objective method of selling the lot and then go
into a qualifications thing which is subjective. Then we go into
the real subjective situation to decide whether or not the bidder
is going to put the kind of house on the lot that we want.
Beyond the initial objective part, we have steps of subjectivity
to judicate and he is concerned we could find ourselves in a
legal turmoil.
Mr. Hoeft stated he heard Mr. Meyer saying we are selling the
property in step one and this is step two. We are saying there
is only one step which is to sell the property subject to this
agreement and, if you do not comply with that agreement, you do
not get title to the property.
Mr. McFarland asked, if a private party buys the lot, are they
subject to the standards of the City's zoning code.
Mr. Fernelius stated there are zoning requirements to be met.
These requirements would exceed the standards the zoning
requires. .
Ms. Dacy stated that is to ineure we get a good home on the
� property of a size and value that is an asset to the
neighborhood. We could be subject to a lot of criticism if we
did not do this. The objective of this program is to remove the
blight.
Mr. McFarland asked if the HRA's requirements would drive down
the price of the lands
Ms. Dacy stated staff has tried to present this with the image
that the HRA is out there owning and selling the lots and that we
want to recommend some type of controls so we get a fairly high
value on the house and spur the neighborhood. If we did not have
controls, we could be subject to other issues.
Mr. Prairie'stated, if the value would be somewhat higher, it
would be okay. If it is way out of comparison for the next lot,
then he was not sure it was a good idea.
Mr. McFarland stated he did not think the requirements were that
strict. The only thing is the lot is to be fully sodded. He did
not think this was generally done. It is generally the front
yard only that is soddedo He also thought they would want a two-
car garage and one and a half bath.
Mr. Hoeft stated the builder will take into consideration the
restrictions on the property. The builder knows they do not have
� control over the lot next door. If someone next doo= puts up
HOIIBIN� � REDEVELOPMENT AIITHORITY MTa.. NOVSMHSR 10. 1994 PAaE il
n
what you might consider a substandard house, he �ill have a hard
time selling his.
Ms. Dacy stated the other issue is by law tYie I�tA must have a
public hearing before selling the lot�. We must notify the
neighbors of the hearing. She felt sure the neighbors would be
at the public hearing asking questions about what will happen on
that lot.
Mr. Meyer stated he thought he had heard the whole deal is not
consummated until such time the person's house ha� been approved
by the HRA. That is not what he understood this to say. "Once
award has been made by the HRA, each buyer will enter into a
development agreement with the HRA to establish the following .
.." He questions the opening words "Once the award has been
made . . . ��
Mr. Hoeft stated the award is not to sell the property outright.
The award is made based upon the specifications of the bid.
Mr. Meyer stated he sees an offer to buy a vacant lot. There is
nothing in this statement to tie that to the design guidelinese
�..� Mr. Casserly stated they do not have to go through a aompetitive
bidding process for this program. There is another way to do
that which is similar to commercial-type redevelopments. You
could have an appraisal on the property and sell at that price.
We can say what we want on that lot before they get title, we
enter into an agreement, and a building permit is issued if the
plan is approved. This is really no different. Instead of
putting a price on the lots, we are suggesting they bid on the
lots with these criteria,
Mr. Meyer stated he thought the bidding process makes sense. He
is trying to tie one thing to what he thinks to be the important
part which is the design guidelines. He did not understand where
legally, if someone fills out the form as presented, that he/she
is tied to comply with any guidelines.
Mr. Casserly stated the specifications are in the packet. They
don't need to spell out that the home needs to match certain
drawings. It is not necessary to get that specific. The award
is not to sell the property outright. The award is for the sale
of property subject to the development agreement they are told
they must enter into and which must be approved by the City. If
they do not, they do not get the property.
Ms. Dacy stated it is a matter of informing the potential bidder
of the guidelines. The bid package includes all the information
�, including the design guidelines.
HOIIBIN� & REDEVBLOPMENT AIITHORITY MTa.. NOVEMBBR 10. 1994 PA�B 12
�,
Mr. Hoeft stated he was still comfortable with the title, nOffer
to Buy a Vacant Lot". In the third paragraph, there is language
they could add to make it clearer that this is subject to the
development contracte
Mr. Commers asked how a buyer gets financinq �ithout title to the
property. '
Mr. Hoeft stated, once the sale and development agreement are
entered into, the bidder takes that agreement contract to get the
financing.
Mr. Commers asked how they can secure a mortgage.
Mr. Hoeft stated they take a guarantee from the title company who
has title to the lot.
Mr. Commers stated he does not want a lot tied up if a contractor
defaults.
Mr. Hoeft stated they could have a problem at any point in the
process. That is why we need to review who is submitting the
bids.
� Mr. Prairie agreed with Mr. Meyer. If someone puts in a bid and
we agree, we must take the high bidder.
Mr. Hoeft stated the bidders are required under statute to have a
performance bond.
Mr. Prairie stated, even if we thiri]c they are marginal, we will
have to accept the bid.
Mr. Hoeft stated, if they require a specific level of performance
bond and the bidder meets it, we have security from the bond
company. The HRA may want negotiate, but this would be a good
way to start the process.
Mr. Meyer stated he thought it a good idea to take bida. When
making plans and specifications, everything must be there. What
staff has presented is vague. He wants to see on the forms that
the bidder is to sign that they should agree to build a residence
on this lot in accordance with the design guidelines and this
shall be part of the negotiation process. Not to negotiate after
the contract has been awarded.
Mr. McFarland referred to page 2F, conduct public hearing. At
the hearing, the HRA is to review the offers and give to the
highest, most responsible bidder.
%'1
HOIIBIN� & RED�VSLOPMgNT AIITSORITY MT�.. NOVEMH�R iQ. 1994 PAa$ 13
�
Mr. Fernelius stated we are considering their offer but before we
convey title the bidder must enter into a development agreement
which spells out exactly what is to be put on the lot. If it is
acceptable, we execute the agreement and go through the steps to
close and convey title. We are not obligated to go with a
particular bidder if we are not comfortable with them. If there
is a problem, we do not convey the title.
Mr. McFarland felt there were enough safeguards. On page 2F,
nothing is final until after the hearing.
Mr. Meyer asked the definition of the phrase, p... after the
aware is finalized. . ."
Mr. Casserly the award is not to sell the property. The award is
to sell the property subject to the items as outlined.
Mr. Meyer suggested the addition to the Offer to Buy a Vacant Lot
of the wording which specifies the buyer shall construct a house
on this property that shall meet the design guidelinese
Mr. Fernelius stated the language could be changed to address
these concerns. The guidelines �ere developed to bring before
,� the HRA for comment.
Mr. Hoeft stated they will modify so there is no question and
make sure every document states what we are after.
Mr. Meyer stated asked why hardboard siding materials were not
acceptable.
Mr. Fernelius statecl the guidelines are based on those of the
City of Crystal who operates a similar program. We are striving
for maintenance free siding so that is why hardboard and masonite
sidings were excluded. That is something that requires paint and
maintenance. We are asking the bidder to construct a quality,
maintenance free home.
Mr. Meyer stated hardboard siding has gotten some bad names. It
has improved over the years. A major contractor uses that on
homes. He would like staff to check on this to see if hardboard
siding is the standard for the industry. .
Mr. Commers asked the Commission if they preferred to move the
packet subjeet.to being redrafted or have staff bring it back.
MOTION by Mr. Meyer, seconded by Mr. Prairie, to approve the
disposition guidelines for the scattered site acquisition program
with the understanding that staff will incorporate the
� suggestions as discussed.
xOIIBINa & R8D8VELOPMENT AIITHORITY MTa.. NOVEMHER 10, 1994 PAaB 14
�
Mr. Meyer asked if the $500 earnest money was per lot.
Mr. Fernelius stated it is spelled out in the bidding procedures
that each offer must include $500 earnest money per property.
IIPON A VOICE VOTE, ALL VOTINa AYE, CHAIRPER80N CO�RB DECLARED
THE MOTION CARRIED IINANIMOIIBLY.
Mr. Casserly referred to the memo from the City of Crystal. He
is working to put together a program in Crystal which is like
what Fridley is doing. This program suggests that a city go out
and buy old properties, generally bliqhted parcels. The city is
then clearing those parcels and selling them to new users. What
has happened in this program is that there are very few
resources. One can get CDBG funds, get a levy, get some money
out of the state, but there is nothing for this kind of
acquisition. One of the few reso`urces the HRA has is to try to
create a tax increment district. This takes us back to the
purest use of tax increments - buying blighted, under used
properties; clearing them; and putting something of more value on
them. There are a couple problems in law at this time in doing
the original tax increment concept.
,..,� Mr. Casserly stated one is the Local Government Aid Fund. They
took the values of the sites that Crystal is acquiring and put in
what they thought the value of the future homes on those sites
would be. They assumed the City would do this for five years, so
there would be 25 homes involved in this program. We then create
a single tax increment district and, at the end of each year,
keep including additional homes. Over a period of the life of
this district, one could raise about 2/3 of a million dollars.
We are assuming the values of future homes to be $80,000 to
$120,000. If you get higher value homes, you can generate
additional increments. What we would like to accomplish with
this program is to have an orderly proqram where we take sites
acquired, put those parcels to a very special kind of tax
increment district, capture the increased value from putting new
homes on those parcels, and pledge that money for reuse in the
program. What is going to happen is that we will need these
funds to keep•recycling. i�1e are probably going to have to do a�
we have already done - use surplus revenues toward housing
program, probably have to do a levy and find funds to place in
the program. This is one more funding source. We are trying to
get approval that the concept of the program makes sense. He
will be working with several folks to introduce legislation. He
thought Fridley could profit from this type of program. We get
rid of the local government aid penalty. Some of the sites that
were acquired would not qualify in a redevelopment district
because they have been cleared. The reasons to create a tax
�''1 increment district no longer exists because the site is clear.
When creating a housing distr_ic* ar�d �ou could put these into a
HOIIBINa & RBD�VELOPI�ENT AIITHORITY MTa.. NOVEMBER 10. 1994 PAa$ 15
�
housing tax increment district, you then run into all the lot
income guidelines so the only kind of housinq that can go into
the district would be for people whose income meet the
guidelines. That may work for some, but the HRA is working to
get diversity of housing. The HRA 3s trying to take out
dilapidated housing and get higher value housinq.
Mr. Casserly stated we therefore need a separate kind of tax
increment district in a housing replacement tax increment
district so we have some versatility in dealing with suburban
housing renewal replacement objectives. If the state acts on
this, it could be misused by wealthy communit�ies. It would be
nice to have it limited to cities such as Crystal, Richfield,
Fridley, etc. because those are the communities engaged in these
programs. This goes back to why tax increment was originally put
into the statutes and for what its original use was intended.
You will be involved in a housing replacement cycle and need to
make sure that needs do not outstrip resourcess Any resource you
can get is worth pursuinge
Mr. Casserly stated, if we cannot include the parcels we are
talking about now, he thought they should do this program for the
next group. Everything acquired would technically meet the
� development criteria. There are problems with being able to move
funds around and there is a five-year limitation to spend funds.
He would like to draft a bill that strips out the restrictions
but yet makes the use limited. These are funds that would be
used solely in the program.
Mr. Commers asked what the cost would be to the.HI2A for that.
Mr. Casserly stated he would like to share that with the
communities that would like to participate and allocate his time
between them. Any housing program administration costs will be
far in excess of what is allowed in the statutes. This is a
program that will generate some revenues. He will draft
legislation, come back and ask for a resolution to authorize the
legislation.
Commission felt this sounded like a good program and one they
felt they should support.
MOTION by Mr. Prairie, seconded by Mr. Meyer, to authorize Mr.
Casserly to go forward to develop legislation for a housing
replacement tax increment district.
IIPON A VOICL VOTL, ALL VOTIN(� AYE, CHAIRPEItBON COl�IERB DBCLARED
THE MOTION CARRIED ONANIMOIIBLY.
� 3. APPROVE CONVEYANCE OF RIGHT-OF-WAY ALONG 8280 EAST RIVER
-_ ROAD N.E.
80IISINa & REDEV�LOPMENT AIITHORITY MTa.. NOVEMH$R ip. 1994 PAaE 16
�"1
Mr. Commers stated he did not know it had been the practice to
convey a right-of-way without cost.
Ms. Dacy stated this is what the Department of Public Works has
advised. The xx� aia ao this in the Mississippi Street area at
the Southwest Quadrant.
Mr. Commers stated 3,000 square feet is worth a few thousand
dollars. What does that do the remaining area and what are the
building requirements?
Ms. Dacy stated the minimum lot area is 9,000 square feet. The
remaining lot will exceed that.
Mr. Commers stated, otherwise, we would have had two lots. By
conveying this property, we will be down to only one lot.
Ms. Dacy stated Mr. Fernelius talked to Anoka County about that.
Fdhen we bought the property, because of the lvcation on a busy
street, we talked about splitting the parcel into two lots. We
agreed not to do that because we felt we could get a better price
and a nicer home if we kept it as a larger lot.
�„� Mr. Fernelius stated he talked to the County, who said our
failure not to make plans was a damage for which we could not be
compensated. They did make a offer to pay for this piece of
property, but it is my understandinq the City conveys the right-
of-way at no cost.
Ms. Dacy stated the offer based on their appraisal was $4,400.
5he had a conversation with Mr. Flora. His recommendation was
that we continue that policy. That does not mean in the future
you need to adhere to that. The County portion on that segment
has been controversial. His point is to cooperate with the
County.
Mr. Commers asked the difference between selling one lot versus
being able to sell two lots.
Mr. Fernelius stated the difference is speculation.
Mre Commers asked the selling price for a 9,000 square foot lot.
Mr. Fernelius stated a lot of this size might sell for $10,000 to
$15,000.
Ms. Dacy stated this is also along a busy highway. Staff thought
it better to package it as one lot and have a nicer looking home.
She cannot answer what the difference in sellinq price would be.
r� She thought the approach was good because, if 3,000 square feet
�
HOIIBINa & REDEVSLOPMENT AIITHORITY MT�.. NOVEMHBR 10. 1994 PAd� 17
�
is going to be taken, in order to sell that lot, we�would want to
preserve as much as possible.
Mr. Commers asked if the HRA could get a resolution from the City
Council telling us that this is what they do and that is what
they recommend we do. If that is a policy, he would like to see
that policy. Someone ie telling us we should give this for
nothing because that is the City policy. If that is true, he
would like to get something from whoever makes that policy saying
so. He has no problem conveying the property at no cost if that
is the policy, but he sees nothing that says this. He would like
something in our record to show what the issue is and who has
made that poli�y.
Mr. McFarland asked if this was typical practice of all cities in
Minnesota.
Ms. Dacy stated no. Mr. Flora advised Ms. Dacy that, in his
experience in the City on improvement projects, the City has
provided the right-of-way at no cost.
Mr. Prairie stated he was sure that cities, counties, and the
state do this��all the time. If the City receives property and
,.� the County receives property, it is then a wash. There are other
things they swap.
Mr. Burns stated this is an administrative policy that has been
required by the County.
Mr. Commers stated that then should be uniform throughout the
Countye
Mr. Fernelius stated, in conversation with Mr. Mike Kelly, Mr.
Kelly mentioned the owner to the north of the property owned by
the HRA made the same claim to split the property. That owner
had no plans on the drawing table and the County told him they
would not pay additional compensation for his inability to divide
the property.
Mr. Commers stated, if that owner does not want to cooperate and
wants to hold out, he can tell the County to condemn the property
and he will then get the full value. We do not want to get into
that. He is asking to find out what the policy is, to make sure
we are being treated the same as everyone else, and if that is
our policy have the Council decide that is the policy they want
to follow.
Mr. Burns stated there are so many agenda items and issues, and
this adds to the jam and the process. He did not think it was
� really necessary. The City provided land to the County when the
HOIIBINa & REDEVSLOPMENT AIITHORITY MTa.. NOVBMS$R 10. 1994 PAaB 18
n
fire station was built on East River Road. Before we do it, we
should find out by what authority we have done so in the past.
Mr. Meyer stated another way of looking at it is that all of know
it will make a better City to have turn lanes there. If there is
a way we can aid by giving several thousand square feet, it is a
good trade to get a portion of Eaat River Road cleaned up. He
thought it an inexpensive way to improve East River Road.
Mr. Burns stated he thought it is fair and legitimate to asked
that we convey this property from the City to the County and that
it is either implicit or explicit is some agreement. It may be a
part of the joint powers agreement. Staff will look at that
before asking the City Council to proceed with a policy on this
item.
Mr. Commers stated he agreed the bottom line is that we will give
the property to the County. Irrespective of the cost, the HRA
will do what is necessary to improve that street. He is not
opposed to conveying the property to the County, but he wants to
get it straightened out as to how and why this is qoing on.
Mr. Burns stated he thought what exists is that the County has a
� list of guidelines that are used for any construction project.
He thought the right-of-way was referenced in the joint powers
agreement entered into before starting into the project. The
difference here is that we are not involved in the construction
of the street. That is why the i�tA is not beinq asked to sign a
joint powers agreement.
Mr. Commers asked staff to check on this and report back to the
HRA at the next meeting.
Mr. McFarland stated it seems strange that we buy this scattered
site in May and, in this case, make a 3,000 square foot
contribution to the County.
Ms. Dacy stated staff did not know this at the time the property
was acquired. Initially, we thought we would get something back
alsoe
MOTION by Mr. McFarland, seconded by Mr. Meyer, to accept the
recommendation of staff to approve the of 2,970 square feet for
the right-of-way at 8280 East River Road at no coste
IIPON A VOICE VOTE, ALL VOTINa AYE, CHAIRPERSON COMMERB DECLARL�D
THE MOTION CARRIED IINANIMOIISLY.
�
�
,�-"1
�
HOIIBINa & RLDEV�LOPMENT AIITHORITY MT�.. NOV�lB$R 10. 1994 PA�� 19
4. REVENUE AND EXPENSES
Mr. Ellestad presented the expenses, additional expenses needing
approval, and i�tA portfolio inventory as requested at the last
meeting.
MOTION by Mr. McFarland, seconded by Mr.• Prairie to approve check
register #25332 to #25339 and the additional expenses as
submitted.
IIPON A VOICE VOTE� ALL VOTIN(� AYF, CBAIRPTR80N COI�IIKERB DECLARED
THE MOTION CARRIED DNANIMOIIBLY.
5. FOLLOW-UP INFORMATION REGARDING THE HOME PROGRAM
Mr. Commers asked how many applicants from last year were
completed.
Mr. Fernelius stated the 13 from last year were completed. This
year, of the 23 approved, perhaps 6 actually are completed. Keep
in mind that we did not start the program until July. There are
inspections and application processing that need to be done. The
majority are under way.
Mr. Meyer asked if staff had gotten any feedback on the
contractors doing the work and if there were any negative
commentse
Mr. Fernelius stated staff had not gotten negative comments in
terms of this program. Everyone ha� been, he thought, satisfied
and pleased with ACCAP. ACCAP made a special effort to make our
people a priority. They started in with the inspections and made
sure everything was done in a timely fashion. They have done a
very satisfactory job with the program.
Mr. Fernelius stated, in the other programs, they have not seen
the applications we would have liked. They will look at those
programs and see if they can determine a way to improve them.
Mr. McFarland asked if the Average Household �Income was the
average income or total household income.
Mr. Fernelius stated this was the total household income and
includes income from all sources. This program is the deferred
payment grant program so part of the loan is forgiven and the
remainder is not repaid until the house is sold.
Mr. Commers asked what that income level meant. Does this mean
that 10� of the population in the City is at this level?
HOII8INC3 I� RBDEVSLOPM�NT AIIT80RITY MT�.. NOVEMHER 10. 1994 PAaE 20
�
Mr. Fernelius stated he did not know the statistics. HUD would
look at someone earning this level as very low income.
Ms. Dacy stated staff can bring to the next meeting a chart of
how the City breaks out on income.
6. UPDATE ON DEMOLITION BIDS FOR 550 HUGO STREET. 677 HUGO
STREET. AND 683 GLENCOE STREET
Mr. Fernelius stated this is an information item. The
information includes a summary of the bids. On this particular
bid project, they ran into a problem in that the properties
contain asbestos in some form. The Federal regulations have
changed and the regulations are much stricter in disposal of
those materials. In the future, staff will have a consultant
look at these properties and determine if there is asbestos or
other hazardous materials to have it removed if necessary so
there is no delay. On this project, we now have a delay of about
20 days so demolition will not get started until the end of
November. Some of the final grading may not be completed this
fall.
Mr. Commers stated, if you do this before acquiring the property,
� it may have a bearing on the value of the house.
7. MONTHLY HOUSING REPORT
Mr. Fernelius stated the summary is for the HRA•s information.
There are some applications in the process for the Home Mortgage
Assistance Program. The lender is having some problems in
getting in touch with people and getting them to follow through
on what they need to do. This is one of the programs to be
evaluated to see what changes need to be made in order for it to
be successful.
8. iTPDATE OAT ANORA COUNTY HRA
Ms. Dacy distributed copies of a memo from Mr. Casserly regarding
the Anoka County.HRA.
Mr. Casserly stated he attended a meeting with County officials.
Some questions were raised and he essentially repeated in the
memo the questions that were asked to him. Can the County
establish a tax increment dietrict in the City without HRA or
City Council approval? Can the County HRA do an economic
development project, a redevelopment project, and/or housing
redevelopment projects? As a practical matter, they cannot do
anything without City Council or HRA appsoval. The enabling
legislation that authorized their authority has a local approval
provision in it, and that local approval is very specific. The
question is whether they should establish a County HRA.
HOIIBINa � REDEVELOPMEI�T'1' AIITHORITY MTm.. NOVI�MH$R 10, 1994 PA�E 21
�
Mr. Commers stated, even though we may levy taxes, the County HIZA
can tax us for whatever projects they do even if they do not do
anything in the City of Fridley.
Mr. Casserly stated this was correct. It is the same theory that
we do an HRA project in one ward of the City, we can tax the
entire City. They are subject to the same restrictions and
cannot levy at a greater rate than what the HRA can levy.
Mr. Casserly stated, if they want to proceed,� it.is worth the
City and the HRA looking at what it is they are trying to do and
find out if there are ways to cooperate. He thinks they would be
looking at housing projects.
Mr. ]Prairie asked if this was being considered becauae there are
areas in the County that are not covered by an HRA.
Mr. Casserly stated he was not sure.
Mr. Burns asked if they planned to take over the Section VIII
programs.
Mr. Casserly stated this may be. There will be interaction with
^ the metro, county and local HRA's and he suspects there will be
legislative discussion to find more resources for housinq
programs to be promoted by HI2A's. It may make more sense to put
the HRA at the County level.
Mr. Burns stated the basic conflict is that our motivation is to
improve values. He thought the potential County motivation is
for social service goals rather than property values.
Mr. Commers asked if the City Council had adopted a position in
support of or in opposition to a County HRA.
Mr. Burns stated the Council has not adopted a position. There
has been informal discussion.
Ms. Dacy stated the County has formed a committee. The City
Council may wait until there have been some meetingse
9a REVIEW OF EXPENDITURES FOR REDEVELOPMENT OF THE SOUTHWEST
QUADRANT AND LARE POINTE
Ms. Dacy stated, at the last meeting, the HRA asked staff to put
together some proposed expenses. Staff put together expenses for
professional services needed for the Southwest Quadrant and
potential costs if we cannot negotiate an acquisition price with�
the Suhs.
�,
HOIIBING � RBDEVEI�PMENT AIITHORITY MT�., NOVEMH�R 10. 1994 PA�E 22
�
Ms. Dacy stated the Phase I audit came back late last week.
Because of the tanks on the automotive building were removed in
the early 1980's prior to current regulations, Mr. Leisch
recommends we do soil sampling to assure there is no
contamination. Based on previous experience, the costs can range
from $2,000 to $10,000. There were three tanks removed. It may
be possible that we will not have condemnation costs or attorney
fees for the Suhs.
Ms. Dacy stated staff are recommending hirinq Clark Engineering
to update the survey on the ten acres. The City has a 1985
survey, but much has changed.
Mr. Commers asked if this survey would be final.
Ms. Dacy stated this is a boundary survey. This survey would be
used for the plat. �
Ms. Dacy stated the meetings on the I�ke Pointe property are
going very well. They are getting good feedback. At most of the
meetings, the typical question is, "Do you have a Phase I audit
on Lake Pointe?" She got a quote from Mr. Leisch for a Phase I
audit for $2,473. Between 1949 and 1957, the site was used for a
� bus garage. There may not be a need for an audit.
��
Ms. Dacy stated a survey is requested for Lake Pointe. They will
need to reset the boundary corners in order to replat the survey.
The work may go faster based on the field notes Sunde Land
Surveying has to date. The City does not have an as built survey
for what is on the property. The boundary survey may not cost as
much as quoted. Staff is requesting authorization to get this
wrapped up with an amount up to $7,700.
MOTION by Mr. Prairie, seconded by Mr. Meyer, to authorize staff
to hire Clark Engineering to do the survey for the Southwest
Quadrant, to approve a Phase I audit for Lake Pointe, to approve
a Phase II audit for the Southwest Quadrant, and to authorize the
survey for the Lake Pointe property.
IIPON A VOICE VOTE, ALL VOTING AYE,
T8E MOTION CARRIED IINANIMOIIBLY.
10. UPDATE ON LARE POINTE MARKETING
l_ 1�15 � Y � `2 ��=� �l �1�5 �i` �j `"t ��
Mr. Burns stated they haci a visit from a potential user last week
by Mr. Nath, head of the Torchwood Group. This group owns 27
Burger Ring restaurants and is the company who has the Burger
King at 85th. They employ 1800 people and have office space
located west of Sheraton Park Place at I-394 and Hiqhway 100.
Their lease runs out at the end of 1996, and Mr. Nath is very
interested in approximately 50,000 square feet of office space on
HOIIBINa � REDEVSLOPMSNT AIITHORITY MT�.. NOVEMHER 10. 1994 PAaB 23
�
the Lake Pointe site. He would like it to be. a contemporary
design and promises this would be Class A office space. Based on
comments made by others, he has the financial wherewithal to do
this. The question is whether or not we want a project that is
as small as 50,000 square feet as a first project on this site.
Part of Mr. Nath's motivation is that he lives in North Oaks and
this location is convenient.
Mr. Prairie stated this is smaller than what they had envisioned.
Mr. Burns agreed. He discussed this with the City Council, and
they felt that it might be all right if we put them on the east
side where we had planned to put the hotel, bank and restaurant.
He thought the site originally thought to be a bank site might be
a good location. There are about eight acres on the east side
that is separated from the main body of land by the access road.
Mr. Prairie asked what the developers think about the importance
of the first building going up.
Mr. Burns stated he thought it has to set the tone for the rest
of the development. He thought it would make a difference if
they put this building on the smaller property.
^ Mr. Prairie asked if there had been any conversat3on with
Medtronic.
Mr. Burns stated he had not talked to them in the last month.
The last time he spoke with them, they were evaluating their
five-year building plan. There was no formal commitment. °
Mr. Prairie stated Medtronic had a list of things they were going
to do and he thought they had accomplished all of those things.
They are building around the world.
Mr. Burns stated staff did induatrial retention visit to them
this summer and at that time they were in a holding pattern with
their local headquarters and employment base in the City. They
are doing some reorganization to get a higher productivity with
fewer employees. He did not get the impression they were looking
for a new corporate headquarter site.
Mr. Meyer suggested staff talk about this with the market
consultants. The question regarding the first building on a site
is an important question.
Mr. Burns stated he thought this was a question they should raise
with the marketing consultant. He did not think moving th�is to
the east side would hurt their chances.
,�-�
Mr. Commers stated this is a very visible site.
SOIISINa � RFDEVBLOPI+�ENT AIITHORITY MTa.. NOVEMHER 10. 1994 PAa$ 24
�
Mr. Prairie asked if this would be a place for a hotel.
Mr. Burns stated there would still be room for a hotel. Mr. Nath
is proposing a three-story, 50,000 square foot building.
Mr. Meyer stated he thought it would be good to have a neutral
type of business at the entrance. If built there, it sets the
tone for whatever comes into the site. .
Mr. Burns stated he is assuming we can work with Mr. Nath on the
architecture and get a consensus on the style. Would we want to
deny this project based on the size?
Mr. Prairie stated it depends on what the experts tell us.
Mr. Commers stated they should question the experts to see what
they think.
Mr. Burns stated he will bring in the market consultants.
Mr. Prairie thought there was much vacant office space.
Mr. Burns stated the vacancy rates is less than 10� right now.
� If someone wants 10,000 square feet, they have a hard time
getting it. He is also hearing that some of the easy deals for
Class A office space are no longer available. There is a market
for Class A space and there may also be a market for Class B
office space.
Mr. Prairie asked if they would be optimistic to see if someone
would come in. �
Mr. Burns stated the best strategy may be to wait and see the
results of the advertising campaign. On the other hand, this is
a substantial project.
Mr. Meyer stated the memo covers some things talked about. The
design criteria should be prepared for the buildings in order to
insure the quality of the architecture will be consietent
throughout the development. This implies that we should get
design criteria established by which to judge a proposal.
Mr. Burns agreed. He also thought they need to be discussing
some financial options for making land available to prospective
tenants.
Mr. Casserly stated our analysis was done on the baeis of having
one developer. We can have more than one developer but we then
need to do some of that ourselves. If this is a hiqh quality
^ building, it could set the tone. The problem is going to be
n
�
;�1
HOIISINa & REDEVSLOPMENT AIITHORITY MTa.. NOVEMHER 10, 1994 PAaE 25
figuring out the parking. That is where we will need help from
the professionals.
Mr. Meyer stated he thought it would be intere�ting to ask the
consultant if it would be profitable to have an architect do a
campus plan, do prospective builders want that, and how will
parking be handled on the site.
Mr. Burns stated they may want to consider a parking ramp.
Mr. Meyer stated, when we get to that point, we need an overall
plan. There is also the problem with the series of pads already
there. It will be a miracle if a prospective builder uses those
pads.
Mr. Commers asked staff to continue getting information.
11. UPDATE ON ACCAP�S APPLICATION TO MHFA
Ms. Dacy stated the memo was for their inforn�ation. The
application is underway.
OTHER HII8INE88
12. HRA PROPERTY TAXES
Mr. Commers stated, on the two properties that the HRA leases
out, the HRA must pay taxes. He did not think this true.
Ms. Dacy stated, on the Dairy Queen, we were reimbursed for
taxes. On the fast food property, we have been paying the
property taxes.
Mr. Ellestad stated, since we are leasing and this is a business
corporation, we are collecting the taxes from theme
Mr. Commers stated this is an ad valorem real estate tax on this
property and this should be assessed as a tax directly against
the tenant.
Mr. Casserly stated he would look into that.
13. JOINT MEETING
Ms. Dacy stated she included a letter sent to the developers on
the joint meeting. The next meeting will be December 5th with
the City Council and the regular HRA meetinq will be on December
8th. If there is a lack of regular items, the regular meeting
can be cancelled.
n
HOIISINa � REDEVELOPMENT AUTHORITY MTa.. NOVEM88R 10. 1994 PAa$ 26
14. CONIlKENT RECEIVED REGARDING THE SOUTHWEST OUADRANT
Mr. Commers stated a citizen has talked to staff and is
suggesting that we talk to the developers to consider building a
skyway across the intersection of Mississippi and University and
that the senior housing have some retail space on the ground
level for the seniors.
MOTION by Mr. McFarland, seconded by Mr. Meyer, to adjourn the
meeting.
IIPON A VOICE VOTTs � AI.L VOTINC,� AYE � CHAIRPER80N CO1�ER8 DECLARED
THE MOTION CARRIED AND THE NOVF�LR 10 � 1994 � HOIIBIAT�3 AND
REDEVELOPMENT AIITHORITY P�EETIN� ADJOIIRNBD AT 1Os30 P.M.
Respectfully submitted,
C� � �` l�Ut/
Lavonn Cooper
�..� Recording Secretary
,�