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HRA 01/12/1995 - 6284i, HOUSING & REDEVELOPMENT AUTHORITY MEETING THURSDAY, JANUARY 12, 1995 7:30 P.M. PUBLIC COPY S- } CITY OF FRIDLEY A G E N D A HOUSING & REDEVELOPMENT AUTHORITY MEETING THURSDAY, JANUARY 12, 1995 7:30 P.M. Location: Council Chambers Fridley Municipal Center CALL TO ORDER ROLL CALL APPROVAL OF MINUTES: ACTION ITEMS: November 10, 1994 CONSIDER ITEMS REGARDING SOUTHWEST QUADRANT: CONSIDER CONDEMNATION RESOLUTION ON SUH . . . . . . 1(A) - 1(A)3 PROPERTY CONSIDER RESOLUTION TO AUTHORIZE . . . . . . . . . . 1(B) - 1(B)4 EXECUTION OF THE CONTRACT FOR EXCLUSIVE NEGOTIATIONS CONSIDER CONTRACT FOR RELOCATION . . . . . . . . . . 1(C) - 1(C)3 CONSULTANT CONSIDER CONTRACT WITH MACROMEDIA FOR. . . . . . . . 1(D) - 1(D)2 COMPUTER IMAGING CONSIDER ACQUISITION OF FRANK'S USED CARS . . . . . . . 2 CONSIDER CONTRACT WITH MICHAEL O'NEAL TO. . . . . . . . . 3 - 3J CONDUCT FOCUS GROUPS ESTABLISH PUBLIC HEARING ON FEBRUARY 9, . . . . . . . . . 4 - 4B 1995 REGARDING DISPOSITION OF SCATTERED - SITE PROPERTIES CONSIDER RESOLUTION AUTHORIZING 3% COST OF. . . . . . . . 5 - 5C LIVING INCREASE FOR THE HOUSING COORDINATOR CONSIDER AUTHORIZATION TO BID ON 1375 . . . . . . . . . . 6 - 6A SKYWOOD LANE N.E. REVENUE AND EXPENSES . . . . . . . . . . . . . . . . . . . 7 - 7F INFORMATION ITEMS: REVIEW SCHEDULE OF REDEVELOPMENT OF SOUTH -. . . . . . . . 8 - 8C WEST QUADRANT REVIEW PROPOSAL FOR LOAN AGREEMENT BETWEEN. . . . . . . . 9 - 9B THE CITY AND HRA OTHER BUSINESS: ADJOURNMENT CITY OF FRIDLEY HOUSING & REDEVELOPMENT. AUTHORITY MEETING, NOVEMBER 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 HRA /CITY COUNCIL MEETING: MOTION by Mr. Prairie, seconded by Mr. Meyer, to approve the October 24, 1994, Joint HRA /City Council minutes as written. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. APPROVAL OF OCTOBER 24 1994 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. UPON A VOICE VOTEI ALL VOTING AYE, CHAIRPERSON CONNERS DECLARED THE MOTION CARRIED UNANIMOUSLY. 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. HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994 PAGE 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 zoning 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 significantly 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 preserves our rights to the approval of the use in redevelopment. Ms. Dacy stated, if the HRA has an objection of the type use, now is the timeto 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 stalls are 10 feet wide and 20 feet long, or 18 feet.long if the stall abuts a curb stop or landscaped area. 3. The dumpster shall be screened on all sides.. 4. The parking lot shall be kept free of weeds.and grass. 1 A. HOUSING & REDEVELOPMENT AUTHORITY XT-G.. NOVEMBER 10, 1994 PAGE 3 5. Landscaped area to the north shall be kept trimmed in an attractive manner to provide screening from the residence to the north. 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 Bloomington. 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 agreements 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 asked how long that agreement is kept open. Ms. Dacy stated it will be kept open as long as the HRA wishes to do so. 2 HOUSING I REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994 PAGE 4 Mr. Casserly stated the HRA 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 the building. 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 objectives. 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 r. i e. HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994 PAGE S. we can handle that. It sounds as if it would be okay. Mr. Commers stated this would tie up the building 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 go. 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 lease. 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 consent. 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 say, 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 zoning 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 HRA whether we have any input as to whether or not, if that corner is redeveloped, that this would be a part of the redevelopment. HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10. 1994 PAGE 6 Ms. Dacy stated, if the-HRA feels strongly that they do not want to see this use as part of the redevelopment plan, staff and the petitioner want to know now. 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 HRA is comfortable with The Gym in the new building 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 tenant. 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 needs. Mr. Commers stated the consensus of the HRA is to take a look at it when the time comes. i e ROUSING & REDEVELOPMENT AUTHORITY NTG., NOVEMBER 10, 1994 PAGE 7 2. DISPOSITION GUIDELINES FOR SCATTERED -SITE ACQUISITION PROGRAM Mr: Fernelius stated his memo included in the agenda explains the process staff recommends using in selling the properties. Staff considered several methods of disposing of the property including 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 HRA 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 HRA 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 offers. 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 more open. Mr. Fernelius stated, after bids are accepted, the HRA 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 agenda. 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. Z HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994 PAGE 8 Mr. Fernelius stated staff recommends approval of the guidelines 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, etc. 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. Commers 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 house 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 during the bidding process what kind of operation will be built on that lot. It seems that we should have some restrictive 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. HOUSING & REDEVELOPMENT AUTHORITY NTGf., NOVEMBER 10, 1994 PAGE 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 like what they are proposing. We could choose not to sell them the lot. M.r.'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. plans. 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 government 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 assistance 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. i HOUSING & REDEVELOPMENT AUTHORITY MTG.,, NOVEMBER 10, 1994 PAGE 10 Mr. Meyer stated he is concerned that this is 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 insure 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 land. 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 sodded. 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 door puts up HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994 PAGE 11 what you might consider a substandard house, he will have a hard time selling his.. Ms. Dacy stated the other issue is by law the HRA must have a public hearing before selling the lots. 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 has 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 guidelines. Mr. Casserly stated they do not have to go through a competitive 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. a HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994 PAGE 12 Mr. Hoeft stated he was still comfortable with the title, "Offer 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 contract. Mr. Commers asked how a buyer gets financing without 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 think 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 bids. 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. A HOUSING & REDEVELOPMENT AUTHORITY NTd., NOVEMBER 10, 1994 PAGE 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, " 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 guidelines. Mr. Fernelius stated the language could be changed to address these concerns. The guidelines were 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 stated 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 subject..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. HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994 PAGE 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. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON CONNERS DECLARED THE MOTION CARRIED UNANIMOUSLY. 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 blighted 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 resources 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 program 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. We are probably going to have to do as 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 increment district no longer exists because the site is clear. When creating a housing district 4nd you could put these into .a HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994 PAGE 15 housing tax increment district, you then run into all the lot income guidelines so the only kind of housing 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 is trying to take out dilapidated housing and get higher value housing. 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 communities. 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 resources. Any resource you can get is worth pursuing. 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 HRA 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. UPON A VOICE VOTE# ALL VOTING AYE, CHAIRPERSON CONNERS DECLARED THE MOTION CARRIED UNANIMOUSLY. 3. APPROVE CONVEYANCE OF RIGHT -OF -WAY ALONG 8280 EAST RIVER ROAD N.E. JN HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994 PAGE 16 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 HRA did do 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. When we bought the property, because of the location 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 understanding the City.conveys the right - of -way at no cost. Ms. Dacy stated the offer based on their appraisal was $4,400. She 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. Mr. 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 selling price would be. She thought the approach was good because, if 3,000 square feet HOUSING & REDEVELOPMENT AUTHORITY MTGo,, NOVEMBER 10, 1994 PAGE 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 is 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 policy. 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 County. 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 HOUSING I REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994 PAGE 18 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 East 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 going 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 HRA is not being 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 also. 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 cost. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. . HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994 PAGE 19 4. REVENUE AND EXPENSES Mr. Ellestad presented the expenses, additional expenses needing approval, and HRA 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. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COM ORO DECLARED THE MOTION CARRIED UN)WIMOUSLY. 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 comments. Mr. Fernelius stated staff had not gotten negative comments in terms of this program. Everyone has 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? HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994,--PAGE 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. UPDATE ON ANOKA 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 district 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 approval. 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. HOUSING A REDEVELOPMENT AUTHORITY NTG., NOVEMBER 10, 1994 PAGE 21 Mr. Commers stated, even though we may levy taxes, the County HRA 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 because 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 housing programs to be promoted by HRA'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 meetings. 9. REVIEW OF EXPENDITURES FOR REDEVELOPMENT OF THE SOUTHWEST QUADRANT AND LAKE 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. HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994 PAGE 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 hiring 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 Lake 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. UPON A VOICE VOTE] ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. 10. UPDATE ON LAKE POINTE MARKETING Mr. Burns stated they had a visit from a potential user last week by Mr. Nath, head of the Torchwood Group. This group owns 27 Burger King 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 Highway 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 HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 19914 PAGE 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 conversation 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 industrial 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 this to the east side would hurt their chances. Mr. Commers stated this is a very visible site. HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994 PAGE 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 10t 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 consistent 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 basis 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 high quality building, it could set the tone. The problem is going to be . HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994 PAGE 25 figuring out the parking. That is where we will need help from the professionals. Mr. Meyer stated he thought it would be interesting 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 ACCAPIS APPLICATION TO MHFA Ms. Dacy stated the memo was for their information. The application is underway. OTHER BUSINESS 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 them. 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 meeting will be on December 8th. If there is a lack of regular items, the regular meeting can be cancelled. HOUSING & REDEVELOPMENT AUTHORITY MTG., NOVEMBER 10, 1994 PAGE 26 14. COMMENT 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. ADJOURNMENT MOTION by Mr. McFarland, seconded by Mr. Meyer, to adjourn the meeting. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED AND THE NOVEMBER 10, 1994, HOUSING AND REDEVELOPMENT AUTHORITY MEETING ADJOURNED AT 10:30 P.M. Respectfully submitted, '& uowl CLUl 'z7 Ida) Lavonn Cooper Recording Secretary Community Development Department HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley DATE: January 6, 1995 TO: William Burns, Executive Director of HRA FROM: Barbara Dacy, Community Development Director SUBJECT: Consider Condemnation Resolution on Suh Property; 6420 - 6460 University Avenue N.E. Negotiations were initiated with Dr. and Mrs. Suh for the remaining.three acres of the Southwest Quadrant in the Fall of 1994. Although we still hope to negotiate the acquisition of the_ property, it is necessary for the HRA to pass a resolution initiating the condemnation.prcceedings. After adoption of the resolution, staff will instruct the attorney not to file the condemnation action until it is clear that we cannot successfully negotiate the acquisition of the property. Postponing adoption of the resolution to February would slow the process significantly (see Item #8 regarding the redevelopment schedule). Staff recommends that the HRA approve the attached resolution authorizing condemnation of the Suh property. BD /dw M -95 -19 1lL11 HRA RESOLUTION NO. N - 1995 A RESOLUTION OF THE BOARD OF THE HOUSING & REDEVELOPMENT AUTHORITY OF FRIDLEY# MINNESOTA, AUTHORIZING THE ACQUISITION OF CERTAIN PROPERTY BY AN EMINENT DOMAIN WHEREAS, the Board of the Housing & Redevelopment Authority of Fridley, Minnesota has determined that there is a need to acquire property, described in Exhibit A, which is attached hereto and made a part of this Resolution, for the purpose of redeveloping a residential area within the City of Fridley, Minnesota; and WHEREAS, the Board believes that the acquisition of the property described in Exhibit A is reasonably necessary and convenient to the furtherance of these objectives and will promote the health, safety, and welfare of the residents of the City of Fridley, Minnesota, and is in accordance with the public purpose and provisions of applicable state and local laws; and WHEREAS, the Board has been unable to successfully negotiate the acquisition of the property described in Exhibit A, located in the City of Fridley, County of Anoka, State of Minnesota. NOW, THEREFORE, BE IT RESOLVED, that the Board of the.Housing & Redevelopment Authority of Fridley, Minnesota hereby authorizes the acquisition of the subject property by an eminent domain proceeding pursuant to Minnesota Statutes, Chapter 117. BE IT FURTHER RESOLVED, that said Board determines that it is in the best interest of the Housing & Redevelopment Authority of Fridley, Minnesota to acquire the possession of said property as soon as permitted by Statute, therefore, the Board hereby authorizes the implementation of Minnesota Statute 117.042, providing early possession of said property. BE IT FURTHER RESOLVED, that the Housing & Redevelopment Authority of Fridley, Minnesota's attorney is requested and authorized to file the necessary petition therefore and to prosecute such action to a successful conclusion or until it is abandoned, dismissed, or terminated by the Board of the Housing & Redevelopment Authority of Fridley, Minnesota or by the District Court. 1(A)1 a Page 2 - HRA Resolution No. PASSED AND ADOPTED BY THE BOARD OF THE HOUSING & REDEVELOPMENT AUTHORITY OF FRIDLEY, MINNESOTA, THIS DAY OF , 1995. LAWRENCE R. COMMERS - CHAIRMAN ATTEST: WILLIAM W. BURNS - EXECUTIVE DIRECTOR 1(A)2 1 1 ` 1 axe � a..�t 'JY !► The property is legally described as follows: A11 that part of ict 1, Block 1, Sylvan Hills, Plat 5, and that part of the vacated 64 1/2 L ` - „` _N=ortheast that lies South and West of the following described line: Ca-a-anc.ing at a point on the East line of Lot 1, Block 1, Sylvan Hills, Plat 5, t -nt is located 29 feet South of the North line of said lot, thence ;es- sallel to the North line and its Easterlv extension a distance of fi."e =cez, thence North parallel to the East line of said Lot 1 a distance of 0.5 feet, then on a tangential curve to the left whose delta angle is 83 decrees 24 minutes 30 seconds and a radius of 40 feet a distance of 61.72 feet; thence Westerly tangent to the last described curve a distance of 71.30 feet; thence on a tangential curve to the right ainose delta angle is 83 degrees 25 minutes 30 seconds and a radius of 70 feet to its intersection with the centerline of vacated 64 1/2 Avenue Northeast,. including any part of portion of any other street or alley adjacent to said premises now vacated or to be vacated together i•.Tith all rights, privileges, easements, and appurtenances thereunto attached or belonging, and including any and all fixtu es r_ai affixed to the premises; Anoka County, Minnesota. 1(A)3 r _ Community Development Department HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley DATE: January 6, 1995 TO: William Burns, Executive Director of HRA 44 FROM: Barbara Dacy, Community Development Director SUBJECT: Consider Resolution Approving Contract for Exclusive Negotiations with Rottlund Company, Inc. At the joint City Council and HRA meeting on December 5, 1994, Rottlund Company, Inc. was selected as the preferred developer on the Southwest Quadrant. Since that meeting, staff has met with the developer and has proposed a "Contract for Exclusive Negotiation" to Rottlund. In essence, the redeveloper will be committing to submitting the required planning applications, participating in neighborhood meetings, completing a traffic study, and participating in the contract with Macromedia (computer imaging company) by March 3, 1995. Further, the redeveloper will be committed to completing the planning and zoning approvals, other governmental approvals, and completing their financial analysis and marketing on the project by July 30, 1995. The HRA will be required to provide Phase I and II environmental audits, site survey, and soil tests, and establish a tax increment district by March 3, 1995. All of these processes are currently underway. Further, by July 30, 1995, the HRA will be required to complete the acquisition of the property not already owned by the HRA (Suh and apartment property). Further, the contract also states an intent by the redeveloper and the HRA to execute a development contract which would establish the sales price per unit, the land sale amount per unit, and the establishment of dates to accomplish the redevelopment project. The agreement will require that the redeveloper submit $15,000 to compensate the HRA for its soft costs in processing the redevelopment project. If Rottlund terminates the agreement, the amount of unexpended funds would be returned to the redeveloper. If a redevelopment contract is executed, the $15,000 will be applied toward the purchase price of the project area. 1( Contract for Exclusive Negotiations with Rottlund January 6, 1995 Page 2 Jim Casserly has prepared the contract and at the writing of this report, Rottlund was still reviewing its terms. Casserly has prepared a resolution for HRA action. We hope to distribute the agreed -upon negotiated contract with this agenda distribution. If not, it will be forwarded to the HRA as soon as possible. Staff recommends that the HRA approve the resolution authorizing execution of the Contract for Exclusive Negotiations. In order to maintain the redevelopment schedule, if the HRA has concerns regarding the contract, the HRA may want to consider approving the resolution and the contract subject to staff following - through on the points that the HRA would like to clarify. BD /dw M -95 -20 1(B)1 4 Casserly Molzahn & Associates, Inc. 215 South 11th Street, Suite 300 • Minneapolis • Minnesota 55403 Office (612) 342 -2277 • Fax (612) 334 -3382 M E M O R A N D U M TO: Fridley Housing and Redevelopment Authority FROM: James R. Casserly Mary E. Molzahn RE: Contract for Exclusive Negotiations between the Fridley HRA and Rottlund DATE: January 5, 1995 Attached you will find a Resolution Authorizing the Execution and Delivery of a Contract for Exclusive Negotiations (the "Contract ") between the Housing and Redevelopment Authority in and for the City of Fridley (the "Authority ") and The Rottlund Company, Inc. (the "Redeveloper "). The Authority has been attempting to redevelop the Southwest Quadrant and has reviewed a proposal by the Redeveloper to construct a mixed -use housing project. However, both the Authority and the Redeveloper need a period of time in which to prepare plans, meet with the affected neighborhoods, prepare a plat, acquire properties not already owned by the Authority, conduct soil tests and environmental assessments and so forth. The Contract protects both the Authority and the Redeveloper while the above activities are being undertaken. It is premature. to prepare a contract for private redevelopment (the "Redevelopment Contract ") because of the numerous planning issues that need resolution.. However, the Contract does provide very specific target dates which must be met. The Contract further assumes that the parties will be negotiating the provisions of the Redevelopment Contract and suggests several important elements that should be included in the Redevelopment Contract. Both the Authority and the Redeveloper are executing this Contract with the hope and the intent that the Redevelopment Contract will be executed and that a closing will take place.by August 1, 1995. However, this Contract does not commit either 1(B)2 party to sign the Redevelopment Contract. The Authority should understand the limitations of this Contract as it proceeds with its planned acquisition. As a practical matter the Redeveloper should be spending well in excess of fifty thousand of dollars so it would be unlikely for the Redeveloper not to proceed. However, there are always issues which need resolution including those not currently contemplated but which will become obvious during the planning and zoning process. We recommend the execution of this Contract. JRC/MEM/kh Encl: Resolution 1(B)3 T_ HRA RESOLUTION NO. 7L, - 1995 RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A CONTRACT FOR EXCLUSIVE NEGOTIATIONS BY AND BETWEEN THE HOUSING & REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA, AND THE ROTTLUND COMPANIES, INC. BE IT RESOLVED by the Board of Commissioners (the "Commissioners ") of the Housing & Redevelopment Authority in and for the City of Fridley, Minnesota (the "Authority ") as follows: Section 1. Recitals. 1.01. It has been proposed that the Authority enter into a Contract for Exclusive Negotiations (the "Contract ") with The Rottlund Companies, Inc. (the "Redeveloper "). Section 2. Findings. 2.01. The Authority hereby finds that it has approved and adopted a development plan known as the Modified Redevelopment Plan for its Redevelopment Project No. 1 (the "Redevelopment Plan ") pursuant to Minnesota Statutes, Section 469.001 et sea. 2.02. The Authority hereby finds that the Contract promotes the objectives as outlined in its Redevelopment Plan. Section 3. Authorization for Execution and Delivery. 3.01 The Chairman and the Executive Director (the "Officers ") of the Authority are hereby authorized to execute and deliver the Contract when the following condition is met: Substantial.conformance of a Contract to the Contract presented to the Authority as of this date with such additions and modifications as the Officers may deem desirable or necessary as evidenced by the execution hereof. PASSED AND ADOPTED BY THE BOARD OF THE HOUSING & REDEVELOPMENT AUTHORITY OF FRIDLEY, MINNESOTA, THIS DAY OF , 1995. ATTEST: LAWRENCE R. COMMERS - CHAIRMAN WILLIAM W. BURNS - CITY MANAGER 1(B)4 r � Community Development Department HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley DATE: January 6, 1995 r TO: William Burns, Executive Director of HRA 4� FROM: Barbara Dacy, Community Development Director SUBJECT: Consider Contract for Relocation Consultant for Southwest Quadrant Redevelopment Because the relocation consultant professional services will exceed $25,000, we have contacted three relocation companies to provide us-- quotes for relocation services for the commercial entities on the Suh property and the tenants on the apartment properties. To -date, we have been using Kirk Schnitker from Professional Redevelopment Resources, Inc. (a copy of his fee proposal is in the HRA packet). We have also contacted Comworth Inc. and Wilson Development Resources. Both companies have worked.for a number of municipalities in the metropolitan area. We have asked the consultants to provide us with a quote by next Tuesday, January 10, 1995. We will then present the results of the three quotes to the HRA at the meeting. In order to initiate the proper procedures to relocate the commercial tenants and the apartment tenants, it is necessary to hire the relocation consultant as soon as possible. We will attempt to contact references and will be prepared with a recommended consultant at Thursday's meeting. BD /dw M -95 -21 1 Request for Proposal Relocation services summary The City of Fridley and Housing and Redevelopment Authority (HRA) are requesting proposals for tenant and business relocation services. The City is in the process of redeveloping a 14 acre site which is currently occupied by several apartment buildings, a small retail strip center, a car wash and a fast food restaurant. Project Information Address 1. 155 -175 Satellite Lane 2. 3. 4. 5. rim 195 Satellite Lane 201 Satellite Lane 221 Satellite Lane Total = Retail Strip Center Units No. of Bedrooms 33 units 32 Two.bedrooms 1 Efficiency 20 units 18 Two bedrooms_ 2 One bedrooms 12 units 11 Two bedrooms 1 Efficiency 11 units 11 Two bedrooms 76 units - (2) Restaurants - Video Store - Temporary employment service - (2) Small groceries Car Wash (four stalls) 7. Fast Food Restaurant Funding Source /s: - Tax Increment - Local HRA /City Funds Time Frame: The City plans to start the acquisition process in February of 1995. Acquisition and relocation activities should be completed by the end of April or early May of 1995. Selection of a relocation consultant would occur in January. 1(C)1 RFP for Relocation Services Southwest Quad - Page 2 Services Requested At a minimum the relocation services must cover the following: I. Tenant Relocation Services 1. Prepare and send notices of relocation eligibility and information brochures. 2. Conduct comparable search and document findings. 3. Complete required comparable inspections. 4. Issue available comparables. 5. Issue 90 day notices. 6. Consult with tenants regarding income, relocation eligibility temporary moves, moving claims, rental assistance claims, move out dates, and other issues as needed. 7. Inspect replacement units. 8. Prepare moving claim forms. 9. Prepare rental assistance claim forms. 10. Present executed claim forms to City. 11. Document files as required by URA. 12. Comply with URA requirements. 13. Correspond with City as necessary. 14. Close out and maintain files in audit -ready manner. II. Business Relocation Services 1. Prepare and send notices of relocation eligibility and information brochures. 2. Conduct site survey. 3. Video tape site. 4. Interview tenants. 5. Advise tenants of relocation benefit options. 6. Provide referral services as necessary. 7. Issue 90 day notices. 8. Assist owner(s) in moving the business. 9. Prepare the appropriate claim forms. 10. Present executed claim forms to City. 11. Document files as required by URA. 12. Comply with URA requirements. 13. Correspond with City as necessary. 14. Close out and maintain files in audit -ready manner. 1(C)2 RFP for Relocation Services Southwest Quad - Page 3 Proposal Outline Your proposal should follow the outline described below. Additional information about your firm or services would be appreciated. Fees for Services 1. Tenant relocation (per tenant) services for this project. 2. Business Claims for this project. a) Payment in Lieu of Actual Expenses. b) Actual Cost Claims. 3. Appeals Specify the cost for appeals (i.e. set charge or billed on an hourly basis). Misc. 1. General Hourly Rate. 2. Miscellaneous expenses (specify if you have additional charges for secretarial services, copying, mailings, mileage, and faxes. Summary of Staff Experience Please provide a summary of the staff who will work on this project and their experience. Previous Pro -iects and References Please provide a list of previous projects your firm has worked on and three (3) client references. Deadline Please submit your completed proposal to the City of Fridley, 6431 University Avenue NE, Fridley, MN 55432, Attn: Grant Fernelius by no later than 4:00 p.m. on Tuesday. January 10,_1995. Questions concerning this RFP can be directed to Grant Fernelius at 572- 3591. 1(C)3 r Community Development. Department HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley DATE: January 6, 1995 TO: William Burns, Executive Director of HRA FROM: Barbara Dacy, Community Development Director SUBJECT: Consider Contract with Macromedia Technologies Inc. for Computer Imaging of the Southwest Quadrant Redevelopment Plans At the City Council and HRA joint meeting on December 5, 1994, staff was directed to inquire about the.possibility of using computer imaging for the development plans of the Southwest Quadrant. As you recall, some of the City Council members viewed a demonstration by Macromedia Technologies Inc. which displayed various products of computer imaging.. Staff met with Frank Blundetto, President of Macromedia Technologies Inc.., in.December. He has submitted a proposal including three options which are photographic still renderings,. animations, and an interactive computer program. Although staff is still negotiating with Rottlund regarding their amount of-participation,-it is recommended that Rottlund participate up to 50% of the contract amount. I am recommending that the HRA pursue purchasing Option. #1 which is creation of three photographic still renderings (11" x 14 ") of three views into the development. In addition, I recommend that a two minute animation also be purchased. Purchasing Option #1 and the two minute animation would equal a contract cost of $19,100. If Rottlund agrees to the 50% participation, then the cost to each party would be less than $10,000. On a number of occasions, I have seen Macromedia's work and technology. There is no question that use of this technology will help to visualize the project at public meetings. Because Rottlund participation is not known at this time, staff recommends that the HRA authorize staff to execute a contract with Macromedia Technologies Inc. at a cost not to exceed $19,100. BD /dw . M -95 -22 iii` MACROMEDIA Technologies Incorporated December 20, 1994 Barbara Dacy City of F, idiey 6431 University Avenue NE Fridley, MN 55432 Ph. (612) 572 -3590 Dear Barbara, It was a pleasure to meet with you last week. As per our conversation I am quoting you the following costs to visualize the proposed Rottlund development. 1 have menued the visualization approach with options so you can choose the approach that best suits your needs. Option One: Photographic Still Renderings These are photo - realistic stills which show the proposed development site. These renderings are created at a level of realism that is almost impossible to tell what has been created by the computer and what actually exists. The costs listed below are to create' one 11 x14 inch photographic print of each view selected, costs for additional sizes or quantities are available upon request. Total Costs: Three Views: (Minimum order) Each Additional View: $9,600.00 $1,000.00 4590 Scott Trail ■ Eagam 1 �SD ) l ■ (612) 683 -0579 Option Two Animations: Option two will be the creation of a video animation of the proposed development site. The video animation will have a photo- realistic backdrop and will show all aspects of the proposed development site. The costs listed below assume that Option One has been created. I recommend that due to the size of the proposed project a minimum of 4 minutes be created for the animated presentation. Total Costs: Two Minute animation: $ 9,500.00 Four Minute animation: $18,500.00 Option Three Interactive Computer Program Option Three is an interactive Windows based computer program that shows various views of the proposed development site. This program will allow the user to select views in or around the proposed development (these views will need to correspond to the views create in Option One) and view them on the computer screen at photographic resolution. The costs listed below assume that Options One and Two have been created. Total Costs: Three view selections: $2000.00 Each additional view: $ 500.00 Production Schedule and Terms Our terms are 1/2 down with balance due upon delivery of the final product. I anticipate a six (6) week production schedule from receipt of deposit and notice to proceed to delivery of the finished product. Barbara, as I mentioned at our first meeting this visualization approach has tremendous value for municipal review as well as marketing potential for Rottlund homes. If you have any questions regarding this proposal or our services I can be reached at 683 -0579. 1 look forward to working with you on this important project and talking with you again soon. Sicerely, J P hn Gregor rector of Sales d Marketing I,, 1(D)2 r l Community Development Department HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley TO: Fridley Housing and Redevelopment Authority Members FROM: William W. Bums, Executive Director of the HRA ACe DATE: January 6, 1995 SUBJECT: Acquisition of Frank's Used Cars With the recent death of Mary Gabralcik, the question of the acquisition of the Frank's Used Cars property has once again emerged. Staff has worked with Brad Bjorklund, our appraiser, to identify a preliminary budgetary estimate for the acquisition of the property. I spoke with the real estate agent representing the owners of the property and with Frank Gabralcik, Jr., regarding the HRA's purchase of this property. Before proceeding, I would like to ask the HRA to consider the acquisition of the Frank's Used Cars property and to provide further direction for the negotiation of the purchase price. Thank you for your consideration of this matter. TT11: Community Development Department HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley DATE: January 6, 1995 TO: William Burns, Executive Director of HRA 44 FROM: Barbara Dacy, Community Development Director SUBJECT: Consider Contract with Michael O'Neal for Focus Groups As a result of the completion of the redevelopment priority and housing program focus area report, the Hyde Park area was identified as a Priority A area for housing programs. Specific activities recommended to be completed in 1995 consisted of three focus groups in Hyde Park the first quarter of 1995; one for single family owners, one for multiple family owners, and.one for tenants. In addition, in order to improve the effectiveness of the housing rehabilitation programs, it was recommended that two additional focus groups be conducted; one with program recipients and the other for those persons who were denied assistance or withdrew their application. The City Council on a number of occasions has requested staff to pursue the focus group technique as a means to.show the City's interest in improving neighborhood stability and conditions. Secondly, the City Council has also asked us to measure the "success" of the rehabilitation programs and possibly develop a program for "people who fall through the cracks ". The City Council directive, in addition to the staff work on the priority analysis, leads us to recommend that the HRA incorporate funding for a minimum of five focus groups in the 1995 budget. I am pleased to report that via the neighborhood revitalization program in Minneapolis, we were able to contact Michael O'Neal to assist the HRA in completing the focus groups. By profession, Mr. O'Neal is a professor of Sociology at Augsburg College; however, he has also acted as a research consultant as part of the neighborhood revitalization program in Minneapolis. He has extensive experience in research methods, public policy evaluation, survey design, and focus groups. Staff became aware of Mr. O'Neal through a videotape we watched at the request of Councilmember Nancy Jorgenson. 3 Focus Group Contract January 6, 1995 Page 2 Staff has met with Mr. O'Neal on two occasions and has requested that he submit a proposal to conduct six focus groups. Although five is being contemplated at this time, depending on the success of any one of the five, we may have to conduct another one. The total contract amount proposed by Mr. O'Neal is $8,700. We believe this is far less than a proposal that we would have received from a marketing research consultant. In fact, Mr. O'Neal states that he "has tried to keep the budget low since this will be part of my community service that Augsburg College wants to provide to those within the Twin Cities community ". Staff recommends that the HRA authorize staff to execute a contract for an amount not to exceed $8,700 to conduct six focus groups. BD /dw M -95 -23 ELI L Housing Focus Groups Objectives To collect and analyze information from residents about the following issues: 1. Neighborhood perceptions 2. Housing needs /problems 3. Existing programs 4. City's role in meeting those needs 5. Ideas for new programs Method and Target Audience Conduct one evening focus group sessions with the following groups: 1. Residents of Hyde Park. Rationale: This area has been identified by staff.as a redevelopment priority area and neighborhood input is a critical component. This-group could also serve as a "pilot" for additional focus groups in other city neigh - neighborhoods. 2. Landlords of Hyde Park. Rationale: This group could lend perspective on issues which face rental property owners and could also serve as a "pilot" for additional rental focus groups. 3. Tenants of Hyde Park Rationale: This group would provide the tenant's view of their neighborhood, housing needs, problems /solutions. 4. Program Recipients Rationale: This group could help determine what attracted people to the program, what they liked /disliked about the program, areas where service /program could be improved. 5. Program Non - Participants Rationale: This group could help us learn why people either withdrew from the program or were denied assistance. Also might help us identify programs /services that could better meet their needs. UL, Michael E. O'Neal 1906 Elliot Avenue South Minneapolis, Minnesota 55404 (612) 870 -1013 Barbara Dacey City of Fridley 6431 University Avenue N.E. Fridley, Minnesota 55432 � S 13 December 1994 Dear Mn Dacey, Attached you will find my proposed budget for conducting and analyzing the six (6) targeted focus groups. The information from these focus groups will then be compared to the census data you already have on the Fridley area. As you requested, I have arranged for an experienced facilitator to conduct the groups and I will serve as the transcriber. In addition to the written notes of the meetings, the groups will also be audio taped. The best size for this type of group is from 8 to 12 participants, but no group should ever be larger than 14 people. Focus group participants will also be asked to complete an anonymous survey at the end of each meeting so we can match their demographic characteristics to larger profile of the area's residents. As we agreed, your staff will assume the responsibilities of: scheduling the meetings, arranging the meeting room, providing transportation for those Fridley residents that need rides to and from the government center and scheduling child care. Since the groups will last two hours, I Would suggest that you provide some sort of light refreshment and beverages. I also recommend that the meetings be scheduled for both early evenings and Saturday mornings so more people have the option to participate. Depending on your preference, a representative of the city or from your staff could introduce the purpose of the meeting and thank residents for their participation. However, the facilitator can, and will do this, unless I am notified of your preference. I will provide the summary analy� of each focus group as well as a combined report of all the meetings. This will include analyzing the focus groups and the exit surveys, in relationship to the census data and geographic information systems (GIS) data your staff has already complied. I may require some additional time from your staff to conduct extra data runs and /or produce maps that I might need to finalize the report. My final report will include recommendations on how the City of Fridley can best provide housing funds to this area of the city, if you determine recommendations are desired. As I have mentioned, I have tried to keep the budget low since this will be part of my community service that Augsburg College wants to 3C provide to those within the Twin Cities community. I have been able to keep the budget low given our verbal understanding that I would be able to use the data generated for this report for other academically related research. In this other research on the Twin Cities metropolitan area, neither the City of Fridley, or any of the focus groups participants would be identified. I hope the proposed budget meets with your approval. If you have any questions please call me (870- 1013). I would be prepared to start on the project in early January, 1995, if a contract can be arranged. I will need to start by clarifying your specific housing questions, establishing what existing data you already have on the neighborhood and reviewing information you have of previous housing grant applicants. The focus groups could be conducted as early as mid- February, if it is feasible . for your staff to schedule them that quickly. If this proposed schedule is feasible, I would project having a report completed by at least the end of March, 1995. sincerely, Z�� Michael E. O'Neal enclosures: Budget Vita 3D Proposed Budget for City of Fridley Focus Groups, Analysis and Final Report Submitted by Michael E. O'Neal 13 December 1994 This budget assumes that staff from the City of Fridley will arrange meeting space, obtain participation from area residents and provide transportation as needed for the participants. The City of Fridley will also provide access to the census and geographic information systems (GIS) data /maps required for the completion of the report. Six, two hour Targeted Focus Groups, 0100.00/hr 01,200.00 with 8 to 12 Participants. I would recommend seven in case ($1,4C0.00) participants attendance is low or they fail to attend. I will need to bill for one hour should participants fail to attend. Exit survey construction Content analysis of focus groups Analysis of surveys Matching survey and focus groups to existing data Completion of final report, with or without recommendation based on preference of City of Fridley $7,500.00 Total $8,700.00 3E Michael E. O'Neal 1906 Elliot Avenue South (612) 870 -1013 Minneapolis, MN 55404 (612) 330 -1095 Prof it e : Strong research and teaching interests in urban community issues and social policy concerns. Experienced in both applied and academic research settings. Capable of working with both community groups and policy developers. Interested in translating data into usable public information. Primary areas of concentration are: * research methods * statistic * public policy evaluation * survey design * geographic information systems Academic Experience: * Augsburg College, Department of Sociology, 1989 to Present. * University of Minnesota, Department of Sociology, Graduate Instructor, 1985 to 1989. Professional Service: * Research Consultant; Neighborhood Revitalization Program (NRP); Minneapolis, MN. * Community /Economic Development Consultant; People of Phillips Neighborhood Group; Minneapolis, MN. * Research Consultant; MN Governor's Task Force on Poverty. Education: * Ph.D. in Sociology; University of Minnesota, 1991. Emphasis in urban social policy and politics; qualitative and quantitative research; historical and comparative methods, statistics and organizational analysis. * M.A. in Sociology; University of Minnesota. * B.A. In Sociology and Philosophy; University of Missouri, St. Louis. 3F ,)using Program Focus Areas Page 8 Recommendations - Housing focus Areas �i✓i�y�TS In addition to the rehab programming currently in place, it is recommended that the City and HRA focus on two areas each year in the City, one concentrating on single family structures and the other concentrating on multiple family structures. The City's housing program can be considered in three tiers: Priority Areas: Specific areas which need immediate attention in the City to focus housing programs and redevelopment projects (see recommended priorities below). Preventive Maintenance: Identify properties which are in fair to good condition and provide reh? -b loan or grant programs to property owners to prevent these properties from sliding into the fair to poor category. Education/ Information: Identify strategies to provide property owners with information on home /structural maintenance and remodeling upc-rades, including information on energy and water conservation. The recommended priorities identified below represent the areas whic were identified as having the most occurrence of poor structural conditions. These areas need more intensive analysis to develop specific programs or redevelopment projects to ad;_ress the problems occurring in the areas. The priority areas have been divided into A, B, and C priorities. "A- priorities are those which should be addressed in the immediate future (1990. "B " -2. s could b- address in 1996. "C" priorities should be addressed in 1997. More wo- cou:: occur in other areas -s the City becomes more skilled at completing specific projects /p=ograj-..:. Dwelling Type Priority "A" Priority "B" Priority "C" Single Family Hyde Park i Plymouth Add-::.on Riverview Heights Multi - Family Satellite Lane IsIan-' Park i Cannel Road Driv-,. Charles Street 3G is V .ousing Program Focus Areas Page 9 It should be noted that Hyde Park has a mix of both single and multiple family structures, as well as commercial buildings which were also identified as needing immediate attention. Also, three out of the four apartment buildings on Satellite Lane ranked high in terms-of their condition. 1995 Activities - PRIORITY AREAS: SINGLE FAMILY a. Conduct three focus groups in Hyde Park in the first quarter of 1995; one for single family owners, one multiple family owners, and one for tenants. b. Identify neighborhood problems and find out why owners have not taken advantage of available housing programs. C. _Conduct two more focus groups for rehab program recipients and those that did_ not qualify (the households which "fall through the program cracks".). These should be conducted during the same timeframe. d. Identify rehab program changes, develop new programs, and conduct additional redevelopment analysis during the second quarter of 1995 in order to: 1. address the neighborhood concerns. 2. improve the rehab and housing programs for all property owners. e. Implement and offer programs in the last six months of the year. This may include a variety of programs including rehab, scattered site acquisitions, new housing projects, or other ideas which may result from the focus groups or during additional planning work in the second quarter of the year. MULTIPLE FAMILY Three out of the four Satellite Lane apartment buildings were identified as having fair to poor structural condition. The current redevelopment effort on the Southwest Quadrant should address these issues. The options currently being evaluated can be applied to all multiple family buildings: 1. Do nothing; 2. Property owner completes rehab and HRA assists; 3. HRA purchases ownership position as a limited partner; Housing Program Focus Areas 3H age 10 4. FIRA purchases ownership position as a general partner and operates apartment building; 5. Buildings are purchased, tenants relocated, and buildings demolished. The City's work in 1995 will shape future approaches for multiple family properties. 1995 Activities - PREVENTIVE MAINTENANCE: a. Respond to focus group findings by changing the rehab programs or develop new programs that will encourage owners of properties in fair to good condition to maintain their properties. b. Conduct mailings to specific areas to generate interest in the rehab programs. Develop and publish a home maintenance and remodeling guide. 1995 Activities - EDUCATION /INFORMATION: The 1995 Goals and Objectives for the Community Development Department proposed a rehab fair, production of videos, and working with a marketing consultant to expand the programs' visibility. b. Work with the Fridley Focus to write news articles regarding the activities in priority areas, both single family and multiple family, to build awareness of the City's emphasis on housing and neighborhood stability. Future Activities The City Council and the HRA should determine the priority areas for all land use categories. Staff will complete priority area plans and submit additional findings to the City Council and -HRA for approval. The following additional research has already been identified and is currently underway to supplement current activities: Continue additional analysis of data_ a. Calculate the percentage of exterior conditions requiring repair. b. By census tract, calculate the number of single family homes with exterior conditions requiring repair. c. By census tract, compare housing conditions with 1990 socio- economic da:a. d. By census tract, compare 1976 data with 1994 data to determine percent cInanQ-1 in condition. e. Map residential investment using the building permit information. 31 P i , ,ousing Program Focus Areas Page 11 ?. Plan additional biennial observer teams to measure results of housing programs. 3. Improve networking with other cities and HPAs regarding housing programs. . 3J Community Development Department HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley DATE: January 5, 1995 P TO: William Burns, Executive Director of HRA 4 FROM: Barbara Dacy, Community Development Director Grant Fernelius, Housing Coordinator SUBJECT: Public Hearing on Sale of Lots Minnesota Statute 469.029 (Subd 2.) requires that the HRA conduct a public hearing before it sells or leases.any real property. As you know, last year we acquired eight (8) blighted or substandard homes under our scattered site acquisition program. Except for two sites (539 and 547 Glencoe St.), all of the homes have been torn down and the lots are ready for new home construction. In order to allow neighbors and the general public an opportunity to review our plans, we are recommending that the HRA conduct the public hearing before we start taking bids. Once.the hearing is closed we can incorporate any comments or suggestions into the bid process, if necessary, and then begin taking bids in February and March of this year. The advantage to this method is that the public is notified of the opportunity to bid on the lots early in the process as opposed to after the fact (i.e. after a builder has already submitted a submitted a bid). The actual sale will still be made to the highest most responsible bidder, contingent upon said bidder executing a development contract with the HRA. Contingent award would be made at the April meeting. Recommendation Staff recommends that the HRA call for a public hearing to be held on February 9, 1995 to take comments on its plans to sell the following vacant lots: Public Hearing on Sale of Lots January 5, 1995 Page 2 Address 187 Longfellow St. 6409 East River Rd. 8280 East River Rd. 677 Hugo St. 539 Glencoe St. 547 Glencoe St. GF/ M -95 -15 PID 03- 30 -24 -42 -0039 15- 30 -24 -41 -0068 03- 30 -24 -23 -0001 03- 30 -24 -23 -0156 03- 30 -24 -23 -0071 03- 30 -24 -23 -0072 ;N 0 Sale of Vacant Lots Schedule Task Send letter out to neighbors notifying them of public hearing. Publish hearing notice in Focus. Conduct public hearing Advertise lots for sale Review offers and make award to highest bidder contigent upon execution of a development agreement. Approve by motion and allow 45 days for agreement to be negotiated and approved. Negotiate with builder on closing date and misc. issues. Consider development agreement with builder and approve by resolution. Execute development agreement with builder and conduct closing; HRA to convey title (by quit claim deed) and builder to provide mortgage (due with interest on or before 8/31/95). Builder to present plans to HRA before issuance of any permits. Builder to start construction Builder completes home and closes with buyer; HRA mortgage is paid off. Date January 19, 1995 January 24, 1995 (Notice due at Focus 1/18/95) February 9, 1995 February 13 - March 8, 1995 March 9, 1995 March 10 - April.6, 1995 April 13, 1995 April 24, 1995 May, 1995 June, 1995 August 31, 1995 M, r � i Community Development Department HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley DATE: January 6, 1995 TO: William Burns, Executive Director of HRA FROM: Barbara Dacy, Community Development Director SUBJECT: Resolution Authorizing Pay Increase for Housing Coordinator In order for Grant Fernelius to receive the authorized cost of . living increase of 3 %, it is necessary for the HRA to pass the attached resolution. The resolution was drafted by Bill-Hunt, Assistant to the City Manager. The cost of the salary increase is incorporated into the draft of the 1995 HRA budget. Staff recommends that the HRA approve the attached resolution as presented. BD /dw M -95 -16 d MEMORANDUM ® Municipal Center ® 6431 University Avenue Northeast William C. Hunt Fridley, Minnesota 55432 Assistant to the City Manager UTYOF (612) 572 -3507 FMDLEY FAX: (612) 571 -1287 Memo to: Barbara Dacy, Director of Community Development From: William C. Hunt, Assistant to the City Manager ; r Subject: Resolution Authorizing Pay Increase for HRA Employees Date: December 15, 1994 Since the HRA is a distinct entity it will be necessary for its board to authorize salary increases for employees. I have adapted the resolution we used for the Fridley City Council to apply to the needs of the HRA. In order to provide salary increases effective January 1, 1995 it will be necessary for the HRA to take action on this matter at its meeting of January 12, 1995. I recommend that you present this matter for action at the above mentioned meeting. If I can be of any further assistance let me know. WCH /jb 5A 7 RESOLUTION NO. HRA �� - 1995 A RESOLUTION AUTHORIZING AN INCREASE IN COMPENSATION FOR FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY EMPLOYEES FOR THE 1995 CALENDAR YEAR WHEREAS, it is the intention of the Fridley Housing and Redevelopment Authority (HRA) to provide fair and equitable compensation to Employees within budgetary constraints; and WHEREAS, the Fridley HRA intends to comply with the Minnesota Local Government Pay Equity Act; and WHEREAS, Staff of the City of Fridley have reviewed economic indicators and compensation adjustments by comparable employers; and WHEREAS, an adjustment of employee salaries and benefits is warranted; NOW, THEREFORE, BE IT RESOLVED by- the Fridley Housing and Redevelopment Authority that the following adjustments be authorized for employees of the Fridley HRA, with the exception of employees who are members of a bargaining unit, effective January 1, 1995: 1. A general-increase of 3.0 percent in employee salaries. 2. For employees eligible for the health benefit who choose dependent coverage, a maximum contribution of $345.00 per month toward premium costs of health insurance. Up to $15.00 of the above amount of $345.00 can be used for premium costs of dental insurance. (Flexible Benefit Plan, Option A) 3. For employees eligible for the health benefit who choose single.coverage, a maximum contribution of $210.00 per month toward premium costs of health insurance. Up to $15.00 of the above amount of $210.00 can be used for premium costs of dental insurance. (Flexible Benefit Plan, Option A) 4. An increase of 3.0 percent in automobile allowances, where applicable. 5. A. contribution of _$165.00 per month to each employee who chooses Option B of the Flexible Benefit Plan for City of Fridley Employees. 6. Mileage reimbursement at the rate of $0.29 per mile. a 7. A cap of $2,250.00 per employee per year on the Educational Benefit with an extension of coverage from tuition only to include required books, educational materials and course related fees. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS DAY OF , 1994. WILLIAM A. CHAMPA - CITY CLERK 5C WILLIAM J. NEE - MAYOR g� 0 Community Development Department HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley DATE: January 5, 1995 TO: William Burns, Executive Director of HRA 11 FROM: Barbara Dacy, Community Development Director Grant Fernelius, Housing Coordinator SUBJECT: Consider Authorization to Bid on 1375 Skywood Lane N.E. This property is a duplex located along Skywood Lane and abuts Interstate 694 (see attached map). The neighborhood primarily consists of well maintained, single - family homes valued at approximately $84,000. This property has had a long history of problems, including most recently a foreclosure. For the past several years it has suffered from deferred maintenance and numerous complaints have been received by staff. In fact, this property was identified as one of the worst (in terms of condition) during our recent housing condition study. In an effort to address this problem, we feel it is important to intervene and acquire the property under our scattered site acquisition program. Although, this property is in marginal condition, it is suitable for rehabilitation. We are currently in the process of talking with the Tamarisk group as a potential site for their hospice program. We hope to have some indication of their interest by the February 9th meeting. If Tamarisk is not interested, we would proceed with moderate rehabilitation work (est. $20,000) and sell the home to a first -time homebuyer via lottery. It. should be noted that the property will be offered by HUD for bidding to the general public on January 17, 1995. Should we proceed, we would be competing with other interested buyers. The property has an assessed value of $96,120 (pay 1995) and had a mortgage balance of $115,581. However, HUD has re- appraised the property and is now asking $59,000. Recommendation Recommend that the HRA authorize staff to submit.'an offer to HUD for 1375 Skywood Lane in an amount not to exceed $591000 and further that the Executive Director be authorized to execute any documents necessary to complete the purchase of said property. GF\ M -95 -14 2 i2) - W 114 CD7'14W A;, f r- Lj ul; S //Z " -- -- (31 AUL) SUE"VI51ON ro --- --------------- 7 ------- ----------- - NO 8 ----------- ----- - - ----------- 9 tS�# ,RID -5 -4— ACRA------------ �/sr svp CONDO �i.. .......... INTERS-r4TE 5 P- 91 6 -7.. D17 S O0p 0 L07'/0, -L4 D SUBDIVISION 9 z SKYW w NO 94 ,,a ze 33) 2u SEC. 404* T. 3 ary OF FRIDLEY Cr,Vr,'R QW. I Z4 261) TO: FRIDLEY H.RA FROM: CITY OF FRIDLEY RE: BILLING FOR ADMINISTRATIVE AND OPERATING EXPENSES NOV 1994 NOV 1994.' xx Account #'s for Account #'s for 236- 0000 - 336 -3000 HRA's Use City's Use ADMINISTRATIVE BILLING: 236- 0000 - 336 -3000 US WEST — TELEPHONE SERVICE ADMINISTRATIVE PERSONAL SERVICES 14,657.00 101 - 0000 -341 =1200 ADMINISTRATIVE OVERHEAD 103.00 101 - 0000 -336 -3000 COMPUTER OVERHEAD 194.00 101 - 0000 -336 -3000 (For Wam & Mira eomputefs) 236- 0000 - 336 -3000 INSURANCE — NON PERSONNEL ALLOC OCT 94 TOTAL ADMINISTRATIVE BILLING: 460- 0000 -430 -4107 14.984.00 236- 0000 -336 -3000 OPERATING EXPENSES: POSTAGE BY PHONE — POSTAGE 262- 0000 - 430 -4332 35.28 236- 0000 - 336 -3000 POSTAGE BY PHONE — POSTAGE 460 -0000- 430 - 4332 23.12 236- 0000 - 336 -3000 US WEST — TELEPHONE SERVICE 460 - 0000 - 430 -4332 13.25 236- 0000 -336 -3000 INSURANCE — NON PERSONNEL ALLOC OCT 94 460- 0000 - 430 -4336 487.00 236- 0000 - 336 -3000 INSURANCE — NON PERSONNEL ALLOC OCT 94 450 -0000- 430 -4336 18.00 236- 0000 - 336 -3000 INSURANCE — NON PERSONNEL ALLOC OCT 94 455 - 0000 - 430 -4336 33.00 236- 0000 -336 -3000 TOTAL OPERATING EXPENSES: 609.65 BENEFITS EXPENSES: CITY OF FRIDLEY — HEALTH INS, Sept —Dec 262 -0000- 219 -1001 768.00 236 -0000- 219 -1001 CITY OF FRIDLEY — DENTAL INS, Nov & Dec 262 -0000- 219 -1100 41.06 236 -0000- 219 -1100 CITY OF FRIDLEY — LIFE INS, Nov 262 -0000- 219 -1200 4.25 236 -0000- 219 -1200 TOTAL BENEFITS EXPENSES: 813.31 TOTAL EXPENDITURES — NOV 1994 File: \123DATA HRA \TIF\BIWNG.wkl DeiEdIs 7 1 . P � . r � 1 r . W D L C70 W Q n.m . a lu . W . a z . v 9z 1 z0. 1- a z W . U U Q � I � 1 1 . 1 1 1 1 W U . F N . _ O U� W . W 7 0: . 0i e W Q p d Q . tw U . � U . 1 F _d p Y u W Q z CC U) . Q C U N W W 1 0 J J S W . N . Q U . F OC � 2 W . m 1 U U M 1 M . Q H � 2 W � a. O 1 It J I O W . > . 10 W 1 W M W . Q O ix p O 2 � a Q F W 2 ui E O . C3 x � p W F Y d' Q W d 0: J 0_ W 0 O p � 0! iL C . aa�� O ca us � U N MW S > g! co 20C Cpl zp2Jz u-7 W W.j jl-t� O O M O W 44< 0 XJQ he 0:W9-v O S 2c OMOO 1f1000 Cale 000 OOPO 00 2Q W OO yye�OMOOO Map OAI�ON OIAO O O IA a0 �0 0 in � M O P� N pop N r M 0 0 0 0 0 m 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0000000 2 2Q W 0 0 0 0 0 0 0 0 00000000 xxx C3 m CD m OOOOOMMO FU -1U-•F NNa- -N OOH CQpmm 0 10100.0,0100 f� N N f- N N N 1- 0. 14,99999ig N N N CO O 00 P P P P O P P P p W N N W U O O! a N O H U N Q OC 0C U O 7A t e_ f a TO: FRIDLEY H.R.A FROM: CITY OF FRIDLEY RE: BILLING FOR ADMINISTRATIVE AND OPERATING EXPENSES DEC 1994 >'' AEC[894 Account #'s for ............................... HRA's Use ADMINISTRATIVE BILLING: ADMINISTRATIVE PERSONAL SERVICES ADMINISTRATIVE OVERHEAD COMPUTER OVERHEAD (For Micro & Mini computers) TOTAL ADMINISTRATIVE BILLING : 460- 0000 -430 -4107 OPERATING EXPENSES: US WEST — TELEPHONE SERVICE 460 -0000- 430 -4332 AMERICAN EXPRESS — LUNCH 460 -0000- 430 -4337 INSURANCE — NON PERSONNEL ALLOC NOV & DEC 94 460- 0000 -430 -4336 INSURANCE — NON PERSONNEL ALLOC NOV & DEC 94 450- 0000 - 430 -4336 INSURANCE — NON PERSONNEL ALLOC NOV & DEC 94 455 -0000 -430 -4336 BENEFITS EXPENSES: CITY OF FRIDLEY — HEALTH INS CITY OF FRIDLEY — DENTAL INS CITY OF FRIDLEY — LIFE INS TOTAL OPERATING EXPENSES: 262 -0000- 219 -1001 262 -0000- 219 -1100 262 -0000- 219 -1200 TOTAL BENEFITS EXPENSES: TOTAL EXPENDITURES — DEC 1994 File: \123DATA\HRA \TIF\B1WNG.wk1 Details mm Account #'s for City's Use 14,687.00 101 - 0000 - 341 -1200 103.00 101 - 0000 - 336 -3000 194.00 101 - 0000 -336 -3000 14.984.00 13.30 236- 0000 - 336 -3000 48.92 236- 0000 -336 -3000 974.00 236 =0000 -336 -3000 36.00 236- 0000 -336 -30DO 66.00 236 - 0000 -336 -3000 1.138.22 192.00 236 -0000- 219 -1001 20.53 236 -0000- 219 -1100 0.00 236 -0000- 219 -1200 212.53 ..................... $16 334:75 N Ltug 8 1 . 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O. 10 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CL a ° r 7F It r � Community Development Department HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley DATE: January 6, 1995 TO: William Burns, Executive Director of HRA A� FROM: Barbara Dacy, Community Development Director SUBJECT: Review Schedule of Redevelopment of Southwest Quadrant There are six areas of work that will occur simultaneously to redevelop the Southwest Quadrant: 1. Expansion of the TIF District and Redevelopment Project Area. 2. Acquisition and Condemnation of Suh Property and Apartments 3. Relocation Process for Both Commercial and Apartment Tenants 4. Negotiation with Rottlund Homes, Inc. 5. Neighborhood Comment and Participation 6. Design Issues and Planning Approvals Todd Stutz from Rottlund Company Inc. has advised us that they are able to initiate construction this Fall. They would construct a unit of each type (attached townhome, detached townhome, and a condominium building) initially in order to initiate marketing of the project. In order to transfer the property to Rottlund on'August 1, 1995, we have developed a schedule and have identified dates to accomplish certain key tasks. In general, the TIF district creation for the property occupied by the apartments must be created first. That process has been initiated and the City Council will conduct the public hearing on February 13,1995. Concurrently, however, the HRA can proceed with the acquisition of the Suh property and the relocation, since it is within the existing ten acre project area.. During the month of December, the Executive Director has made contact with all of the apartment owners and is beginning to negotiate with each of them. The Executive Director will be Schedule for Redevelopment of Southwest Quadrant January 6, 1995 Page 2 prepared to give the HRA an update at Thursday's meeting. If necessary, a condemnation resolution to condemn the apartments will be on the February HRA agenda subject to approval of the TIF district. As evidenced by other items on this agenda, negotiation with the developer must occur immediately and the Contract for Exclusive Negotiation must be initiated immediately in order to accomplish the timeframes contained within the contract. In order to accomplish the August 1, 1995 property transfer, the development applications need to be submitted by March 3, 1995 for.Planning Commission and City Council consideration during April and May. Final approval by the City Council will occur in June. Then, the.redevelopment contract will be prepared and considered by the HRA in either June or July. Concurrent to all of this is the possibility of the-Quick-Take Condemnation proceedings. Using the 110 day rule of thumb, the Suh condemnation should result in the tenants being removed and the property demolished in May. As for the apartments, the tenants should be out of the buildings by June 1, 1995 and the buildings demolished after that. Attached is a summary of the important dates and listing of the activities that will be completed by staff to accomplish the aforementioned schedule. BD /dw M -95 -24 al C CT R e '�V7►.� e , 1 V OUTHWES 1 QUAD=S �+ , +� 1. Six Areas of Work Occurring Simultaneously: A. Expansion of the TIF District and Redevelopment Project Area B. Acquisition and Condemnation of Suh Property and Apartments C. Relocation Process for both commercial and apartment tenants D. Negotiation with Rottlund Homes, Inc. E. Neighborhood Comment and. Participation F. Design Issues and Planning Approvals 2. Key Dates for the City Council: A. Neighborhood Informational Meeting; February 2, 1995. B. Public Hearing on Expanding TIF District; February 13, 1995. C. If Both Meetings are Non - Controversial, we Would Like to Have Resolution Expanding the TIF District Approved on February 13, 1995; Save Two to Three Weeks on Condemnation Process. D. Public Hearings on Development Applications; May 8 or 22, 1995. 8B Southwest- Quadrant Page 2 3. Key Dates for the HRA: A. Suh Condemnation; January 12, 1995. B. Preliminary Development Agreement; January 12, 1995. C. Resolution Expanding TIF District; February % 1995 Subject to Council Approval. D. Apartment Condemnation Resolution; February 9, 1995 Subject to Council Approval. E. Development Contract Approval; June 9, 1995. 2z d r � Community Development Department HOUSING AND REDEVELOPMENT AUTHORITY City of Fridley DATE: January 6, 1995 TO: William Burns, Executive Director of the HRA FROM: Barbara Dacy, Community Development Director SUBJECT: Proposed Loan Agreement Between the City of Fridley -and the Fridley Housing & Redevelopment Authority for the Southwest Quadrant At the joint City Council and HRA meeting on December 5, 1994, the City Council and the HRA directed staff to prepare a potential loan arrangement between the City of Fridley and the HRA to pay for some of the redevelopment expenses of the Southwest Quadrant.. Staff recommends the following loan terms: Redevelopment Expenses - $4,200,000 Redevelopment Revenue - Land sale - $1,000,000 City loan at - $1,600,000 5% for 15 years HRA cash - $1,600,00 $4,200,000 Although Casserly's memo recommends a 3% - 4% interest rate, Casserly is assuming 0% property appreciation over the course of 15 years. It is more than likely that the $150,000 difference between 3% and 5% will be generated by increase in values of the units. Unless otherwise directed, staff will prepare the loan agreement between the City and the HRA with the above terms for City Council approval at its January 23, 1995, meeting, and for HRA approval at its February 9, 1995 meeting. BD /dw M -95 -12 G r ti. Casserly Molzahn & Associates, Inc. 215 South 11th Street, Suite 300 • Minneapais • Minnesota 55403 Office (612) 342 -2277 • Fax (612) 334 -3382 M E M O R A N D U M TO: City of Fridley Attn: Barbara Dac: William Burns Rick Pribyl FROM: James R. Casserly Mary E. Molzahn RE: .Funding Project Costs for SW Quad DATE: January 5, 1995 The expenses associated with zhe redevelopment of the Southwest.. Quad are approximately $4.2 pillion. We anticipate selling the site for at least $1 million. The tax increment that will be generated as a result of the 172 unit Rottlund proposal.amounts to approximately $1.2 million if we assume a present value or interest rate of 7.5 percent. The deficit to the HRA is $2 million. Our goal is to try _-o reduce this deficit. One method to reduce the def =cit is to have a lower interest rate on any debt supported by the _ax increment. If the amount of available tax increment is constant, a lower interest rate will support a larger debt or principal which, in turn, reduces the deficit. For example, if the HRA were able to pay 3% on any funds it borrowed, it would t_zen have approximately $1.7 million available for the project instead of $1.2 million which assumes the 7.5 percent interest rate. The City has fund balances which it invests. The fund balances are a cushion in the event o: any dramatic change in City revenues and the investment earnings are additional revenues for City activities. If the City is swilling to take a lower interest rate on a portion of its investments and assuming that needed cash reserves are not threatened, then the City can invest in a note or obligation issued by she HRA to help finance the. Southwest Quad project costs. The City should not loan nor should the HRA borrow more than can OA P, be reasonably repaid from the tax increment generated by the proposed redevelopment. If the City were to loan, for example, $1.6 million at an interest rate of 3 to 4 percent for 14.5 years, then our analysis shows that the City could be completely reimbursed and would have the money available to it for future reinvestment. The lower interest rate will provide at least $400,000 of assistance to the HRA. From an HRA perspective, it should not borrow money that cannot be repaid from the proposed redevelopment. Any shortfall should be taken from the fund balances of the HRA. If the HRA finds itself in a position of not having adequate fund balances to subsidize a project, then it should obviously not do the project. If the true interest cost on the HRA's debt is less than the interest earnings on its invested fund balances, then it might make sense to issue debt. For the Southwest Quad project this is clearly not the case. Financing the $4.2 million of Southwest Quad expenses could be accomplished as follows: $1.0 million: land sales on approximately August 1, 1995 $1.6 million: City loan at 3 to 4 percent for 14.5 years 1.6 million: HRA cash $4.2 million We.believe this approach to be financially sound and the loan of monies between the City and the HRA can be structured for a nominal cost. Loans between related units.of government are common and in this instance would help reduce the HRA's deficits by over $400,000. Please keep in mind that all the numbers are estimates. Substantial work needs to be done on both the expense and the revenue side before any numbers can be finalized. If there are any further questions, please give us a call. JRC /MEM /kh