HRA 04/11/1996 - 29785CITY OF FRIDLEY
HODBINa � REDEVELOPMENT AIITHORITY MEETINa
APRIL 11, 1996
CALL TO ORDER:
Chairperson Commers called the April 11, 1996, Housing and
Redevelopment Authority meeting to order at 7:40 p.m.
ROLL CALL:
Members Present: Larry Commers, Virginia Schnabel, John Meyer
Members Absent: Jim McFarland, Duane Prairie
Others Present: William Burns, Executive Director
Jim Casserly, Financial Consultant
Grant Fernelius, Housing Coordinator
Craig Ellestad, Accountant
Leslie Jowett, MEPC
David Jellison, MEPC
Mayor William Nee (8:30 p.m.)
/'�,
,�DPROVAL OF FEBRUARY 8 1996 HOUSING AND REDEVELOPMENT AUTHORITY
MEETIATG:
MOTION by Ms. Schnabel, seconded by Mr. Meyer, to approve the
February 8, 1996, Housing and Redevelopment Authority minutes as
written.
IIPON A VOICE VOTL, ALL VOTINt� AYE, CHAIRPER80N COMMERB DECLARED
THE MOTION CARRIED IINANIMOIIBLY.
CONBENT AaENDA•
1. REVENUE AND EXPENSES
Mr. Ellestad provided a copy of additional expenses needing
approval as outlined in his memo of April 11, 1996.
Ms. Schnabel stated agenda item iB refers to a receipt for
rental. What is it that is rented?
Mr. Ellestad stated this is the rent for the parking lot at the
medical office complex.
Ms. Schnabel asked for what check #25944 was issued.
Mr. Ellestad stated the City purchased Frank's Used Cars and then
boarded up the windows. This check reflects that cost.
HOIIBINa � REDEVEIAPMENT AIIT80RITY MT�.. APRIL 11. 1996 PAG� 2
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2. CONSIDER RESOLUTION AUTHORIZING REIMBURSEMENT TO THE CITY OF
FRIDLEY FOR THE MISSISSIPPI STREET AND 3RD STREET
CONSTRUCTION PROJECT
Mr. Commers stated this item relates to the reimbursement to the
City for the Mississippi Street improvements and how this would
be handled particularly with respect to the assessment of the
iiolly Center and how this would be paid back to the HRA. Costs
would be equally shared between the HRA, Anoka County, Rottlund,
and the Holly Center. The Holly Center would be asseased for the
cost. The i�tA is to reimburse the City for both the HRA and
Rottlund's portion.
Mr. Burns stated the City will be paying out funds to cover the
HRA's share and Rottlund's share. Rottlund will pay the HRA at
the time of closing.
Ms. Schnabel stated the calculations were not accurate and asked
staff to check to see which are correct.
3.
/� 4.
5.
6.
7.
�`O�
CONSIDER ACOUISITION OF 6431 JACKSON STREET
CONSIDER 1996 HOME PROGRAM APPLICATION AND MATCHING FUNDS
CONSIDER APPROVAL OF PRELIMINARY CONSTRUCTION PLANS FOR
CHRISTENSON CROSSING
CONSIDER CONSULTANT CONTRACT FOR THE METROPOLITAN LIVABLE
COMMUNITIES ACT PLAN REOUIREMENT
CONSIDER HOUSE PLANS FOR 5720 POLK STREET
MOTION by Ms. Schnabel, seconded by Mr. Meyer, to approve the
Consent Agenda as presented.
IIPON A VOICE VOTE� ALL VOTIN(� AYE� CHAIRPERBON COMMERB DECLARLD
THE MOTION CARRIED �NANIMOIIBLY.
ACTION ITLMB:
8. CONSIDER SERVICE CONTRACT WITH THE CEIJTER FOR ENERGY AND THE
ENVIRONMENT (CEE)
Mr. Fernelius stated the resolution authorizes all of the
programs that we have talked about previously at the January
meeting and authorizes a contract with CEE to administer those
programs. The consulting agreement, along with schedule A,
describes each of those programs. The agreement itself runs from
March 1, 1996, through December 31, 1996. Essentially it
authorizes CEE to help us with the marketing efforts. There is a
80IIBINa � REDEVELOPMENT AIITSORITY MTG.. APRIL 11. 1996 PAaE 3
cap of $10,000 for such items as brochures and advertisements in
the paper. Staff will closely coordinate and approve everything
CEE is doing in terms of marketing. In addition, CEE will be
providing some building analysis for the multi-family properties
and charging a fee of $130 for those services. The remodeling
counselor will provide similar services to single family home
ownera. The bulk of the agreement talks about the origination of
the various loans for single family and multiple family
properties. Essentially, there are two tiers of fees. The first
is for discount loans, which are the loans on which the HRA would
essentially be providing an interest subsidy on behalf of the
borrower. When CEE originates those loans, the HRA will pay $125
per loan to cover the processing and origination costs. For
those loans that will be strictly funded by the HI2A, including
the last resort program and revolving loan program, the HRA will
pay CEE $225. When HRA funds are used under these last two
programs, CEE will conduct a verification that the improvements
were made. In the situation where the HRA is providing an
interest rate write down greater than $1,500, that cost will be
$60 per post installation inspection.
Mr. Fernelius stated in the March agenda was attached a draft
�, copy of the consulting agreement which was revised slightly. The
agreement now defines how CEE can invoice the HRA for the loans -
that it originates as well as its fees. Also some grammatical
errors were corrected.
Mr. Fernelius stated, regarding the overall program, part of our
comprehensive programming includes using some funds from the
Minnesota Housing Finance Agency (MHFA), specifically under the
Community Fix Up Fund. The HRA was sent a letter by the NIIiFA
stating that our proposal was rejected because it was not very
specific about where we were going to operate the program. We
indicated it would be a citywide program. They want it to be a
targeted neighborhood program. Staff will set up a meeting with
NN�iiFA to try to come to some type of resolution. We will push for
a citywide program. If they are not agreeable to that, we will
have to negotiate some other arrangement. If we cannot access
NgIFA funds, that may mean we will have to access more of our own
HRA dollars but we will not exceed the $1.5 million budgeted for
housing rehab this year.
Mr. Commers stated, when originally going into this, we had the
idea that we might be able to get some outside funding. The NBiFA
rejected the proposal. He did not know if there should be some
corresponding reductions in the program.
Mr. Fernelius stated he would not recommend that. Staff will not
�` exceed the specified amount. Staff are going to reapply for
funds and to hopefully get some kind of commitment from NII3FA.
HOIISINGi & REDEVELOPMENT AIITHORITY MTa.. APRIL il. 1996 PAGT_4
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Under the Community Fix Up Fund, the i�2A is providing an interest
rate write downs on loans made to borrowers with incomes up to
$58,650. This program has one component to the entire program.
While it is an important element, he thought it was one they
could manage if they do not get the MHFA funds. It was somewhat
of a costly route to go in terms of the interest rate write down.
He did not know how detrimental it would be if they did not get
the MHFA funds.
Mr. Commers asked Mr. Fernelius to break that out for the next
meeting and let them know what part of the program is directed
towards that aspect.
Mr. Burns stated the HRA has the opportunity to re-apply in about
one month so there are other opportunities.
Mr. Commers stated, as he understands what Mr. Fernelius is
saying, these funds applied for from MHFA would be used for one
of the various loans.
Mr. Fernelius stated this is one of three programs that involved
an interest rate down. In the budget, $50,000 was budgeted for
� interest rate write downs for loans to be made under these three
programs. They still intend to use $50,000 for interest rate
write downs, but they will use the HRA revolving loan fund for
those borrowers who would have qualified for the Community Fix Up
Fund.
Mr. Commers asked how the NIIiFA funds were going to be used in
that program. Were these funds to be used as a substitute or an
addition?
Mr. Fernelius stated we were leveraging NIIiFA dollars. The
borrower would essentially receive a loan directly from MHFA. We
would write down the interest rate. With this particular program
not being available right now, we will have to use our own funds
in place of the NIIiFA funds in the interim.
Mr. Commers asked, if NgiFA had approved the request, would we
have used their funds for the principal.
Mr. Fernelius stated this was correct.
Mr. Casserly stated the only reason for using NIIiFA is that you
are able to increase the amount of dollars. The money that you
are putting towards NN�iiFA programs you never get back. The NgiFA
interest rates are 8�a. We were writing the interest rate down to
5�. Now, if we make the loans at 5�5, the HRA cannot do as many
� loans but we get the money back. NIIiFA would help us get more
loans done.
80IIBINa & REDEVELOPI�NT ADTHORITY MTa.. APRIL 11. 1996 PAaB 5
Mr. Commers asked staff to provide additional information at the
ne� meeting.
Mr. Fernelius asked the HRA to adopt the resolution to approve
the consulting agreement with CEE and to approve three loans
already approved. We are now waiting for formalization of the
program.
Ms. Schnabel stated some of the figures for the loans do not
match up with the additional expenses.
Mr. Ellestad stated the first two loans have some matching funds
so the amount of the HRA expense may be different than the amount
in the total column.
Mr. Fernelius stated the report is intended to show how much
activity is going on and breaking down what the HRA is providing
and what we are leveraging. The Other Funds column shows what
outside dollars are being leveraged.
MOTION by Mr. Meyer, seconded by Ms. Schnabel, to approve a
Resolution Establishing a Comprehensive Housing Rehabilitation
�, Program for the City of Fridley; Establishing the Area of
Operation; Providing for the Deleqation of Certain Powers and
Duties; Authorizing the Execution of a Consulting Agreement By
and Between the Housing and Redevelopment Authority In and For
the City of Fridley and the Center for Energy and Environment.
IIPON A VOICB VOT$� ALL VOTINd AYE, CHAIRPER80N COMMERB DECLAR�D
THE MOTION CARRIED IINANIMOIIBLY.
MOTION by Ms. Schnabel, seconded by Mr. Meyer, to approve the
Loan and Grant Summary as reflected on agenda attachment 12B and
to approve the loans for the month of March totalling $35,375 for
three specific properties.
IIPON A VOICL VOTE� ALL VOTINa AYE� CBAIRPERBON COMMERB DECI.ARED
THE MOTION CARItIED IINANIMOIISLY.
9. CONSIDER LOAN SERVICING AGREEMENT WITH THE COMMUNITY
REINVESTMENT FUND (CRF)
Mr. Fernelius stated the Community Reinvestment Fund is a non-
profit organization who will provide loan servicing
responsibilities for the HRA Revolving Loans. CRF will collect
the monthly payments, keep records of payment histories, work
with borrowers to make sure they are current on their payments,
etc. A copy of the contract was included in the agenda packet.
� The contract will run through the end of the year. This is
separate from CEE and will be dealt with separately.
HOIISINa � REDEVELOPMENT AIIT80RITY MTa.. APRIL 11. 1996 PAGL 6
Mr. Commers stated, as he understands, the actual loan
origination and closing will be done by CEE and the on-going
servicing done by CRF.
Mr. Fernelius stated this was correct.
Ms. Schnabel stated the contract runs through December 31. Do we
then adopt a new aqreement?
Mr. Casserly stated this had been modified. Because the loan
continues to need servicing, the agreement allows the HRA to
cancel this contract at any time. There are no automatic
termination dates.
Ms. Schnabel asked, if the loans go beyond December 31, 1996, do
we automatically extend the contract.
Mr. Casserly stated this is being treated as an on-going
contract. As long as we originate loans, we are having CRF
provide the service.
Mr. Commers asked if there were laws to be complied with if the
n HRA were to change the role of the servicer.
Mr. Casserly stated he wae sure there are notice requirements.
MOTION by Ms. Schnabel, seconded by Mr. Meyer, to approve a
Resolution Authorizing Execution of a Loan Servicing Agreement
with the Community Reinvestment Fund, Inc.
IIPON A VOICL VOTE, ALL VOTINa AYE, CHAIRPERBON CONIIdlERB DECLARED
THE MOTION CARRIED IINANIMOIIBLY.
10. REVIEW CONCEPT PLAN FOR LAKE POINTE OFFICE PARK
Mr. Jellison stated he would provide an update on the master plan
for Lake Pointe and Ms. Jowett will provide an update on the
marketing progress.
Mr. Jellison stated in February MEPC hired Edward Farr and
Associates to do the master plan for the Lake Pointe office park
which Mr. Jellison reviewed. At the entrance from Highway 65
would be the services for the office park. These would be
located on the 8-acre parcel. The large parcel would have office
towers and parking ramps. MEPC is proposing the first building
at the west end of the site along with a ramp. The first
building is proposed to be a five-story building with 124,000
square feet with a ramp that is designed so it can be expanded
� when going into the second phase. A glass walkway is proposed in
front of the ramp. The first level of the parking ramp is
80IIBINa � RED$VELOPMENT AIITHORITY MTa., APRIL 11. 1996 PAGE 7
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proposed to be underground from one side with a second and third
level. The walkway would disguise part of the ramp and provide
access to two buildings. The park would front I-694 with an
access to the front of each of the buildings which would provide
handicap parking and/or visitor spaces. In this design, they are
trying to minimize the amount of asphalt and put landscaping
along the front side.
Mr. Jellison stated MEPC is proposing a total of four office
buildings with two ramps. The first building would be to the
west moving toward the east as the buildings are filled. They
have tried to take the buildings and offset them from the ramp in
order to provide better views and minimize the number of places
looking toward the ramp. They have also designed some open
spaces.
Mr. Jellison stated the smaller parcel has been designed to have
a bank near the entrance., a hotel in the center, and a
restaurant. Some ponds have also been included in the proposed
plan.
Mr. Meyer asked how hard to they try to impose the discipline of
^ this plan to perspective buyers. If someone wanted an office '
where you have proposed a hotel, how to you handle something like
that?
Mr. Jellison stated this is difficult but basically they try to
say the amenities must be in a certain area and the office area
must be further back. Part of this is because of the size and
the shape of the property. There is some flexibility to laying
this out. MEPC is now calling on hotels and restaurants. A bank
has already expressed an interest in the site. MEPC has met with
a bank and shown them the concept plan. The bank may be
interested in locating in the first office building on the first
floor. A concept plan can change, but we have to start someplace
to show clients where services will be.
Mr. Jellison presented a picture of a proposed office building
for the site. MEPC wants to be in the 20,000 square foot floor
plate size. For processing operations or claims operations, the
users generally want 40,000 square feet which can be done on two
floors. They have had good response to buildings with that size.
Ms. Jowett stated she had contacted the Hampton Inn. In the
process of getting the numbers in, they were able to close on two
different sites in the area for this year. That is all they will
do in one year. They may pursue this site next year. MEPC went
ahead and talked to another developer. They provided some leads
� and MEPC was also approached by two other developers. They are
still looking to get something done sooner than next year.
HOIIBINa & REDEVELOPMENT AIITHOItITY MTt�., APRIL 11. 1996 PAGE 8
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Ms. Jowett stated they also surveyed restaurants in the area.
They have talked to some restaurant developers and have had them
look at the site. They are in the beginning process of getting
some interest there.
Ms. Jowett stated MEPC has in the past two months given some
presentations to two major users of office space. They are
waiting for a proposal to come in from one user who has added
Lake Pointe to the list of possible sites. MEPC should receive a
request for proposal in about 10 days. They are looking for
135,000 square feet. The company is Lawson Software.
Ms. Jowett stated at the second presentation MEPC was one of four
major developers invited to talk with American Express. MEPC
gave a presentation on Lake Pointe, the client toured the site,
and MEPC is now waiting to hear from them. American Express is
in the market for 300,000 square feet. They say they need a
total of 2 million square feet; and they could put 1 million
square feet in a suburban area.
Ms. Jowett stated MEPC had a second meeting with N.E. State Bank.
They have a representative who is excited about this area, and
� MEPC has been asked to wait until July or August for a decision
about whether they will put a bank on the site or move the
construction loan business to the site. This representative is
talking to people about the site and helping MEPC get the site
built. MEPC has also talked to a law firm who is looking for
about 30,000 square feet of space.
Mr. Meyer asked, when MEPC tours the site with those from outside
the community, do you also have someone from the City present to
give a feel for the total community.
Ms. Jowett stated they were not privy to be part of the tour.
When they give a presentation, they take a demo provided by the
City.
Mr. Jellison stated, as MEPC gets further, they will be asking
staff for their help depending on what comes from the tour.
These develop over time. The location will work for us. The
developer will work for us also. MEPC also did a focus group
where they brought in a number of professional real estate
brokers. MEPC showed their plans for the market and asked the
brokers what they thought about it. They tried to get real
estate people who were knowledgeable about the northern suburbs.
He thought Ms. Dacy and Mr. Burns had a copy of that dialogue.
Mr. Burns stated four or five negatives came out of that
� discussion. He contacted Merrill Busch to develop an image
building campaign. Mr. Burns thought the City had good resources
80II8INa � REDEVELOPMENT AIITHORITY MTa.. APRIL 11. 1996 PAaB 9
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in the community and would like to use Merrill Busch to do some
type of image building. It is important to try to make some
effort to offset some of these generally negative comments.
Mr. Commers stated he thought it important that they understand
that we already have several major national tenants in the City
of Fridley, including Medtronics, Onan, etc.
Mayor Nee stated he was concerned about the negative comments
from the focus groups. He thought they muet do something about
that. There is a response that could be and should be made.
Mr. Jellison stated they were excited when American Express and
Lawson Software showed an interest in the site. He thought they
would see Class A tenants who will be looking at the northern
suburbs.
Mr. Burns asked if MEPC had heard from U.S. West.
Ms. Jowett stated they have heard from U.S. West but it has not
been positive. They are looking further to the west.
� Mr. Jellison stated U.S. West currently has an office in Brooklyn
Park and part of their concern in the current location is the
safety of their employees, many of whom are women.
Ms. Schnabel asked, with the parking ramp concept, are you also
building in some sense of security.
Mr. Jellison stated everyone wants a ramp for the idea of parking
closer and for shelter from the elements. The concern however is
security. At Minneapolis West, MEPC has a security guard
available at all hours to walk anyone to their car. They also
have monitors where people can call and tell security they are
leaving so that security can watch for them. Open lots can also
be a negative.
Mr. Meyer stated security is an issue. It may be a good idea to
sell the security measures to insure safety.
Ms. Jowett stated, in the current ramp, they continue to discuss
how to keep the ramp safe.
Mr. Jellison stated MEPC shows potential users what they do for
safety purposes. He realizes an important part of their job is
to take care of their tenants and their vehicles.
11. UPDATE O1J SCATTERED-SITE/HOUSING REPLACEMENT PROGRAM
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HOIIBIN� � REDEVELOPMENT AIIT80RITY MTa., APRIL il. 1996 PAQE 10
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Mr. Fernelius stated things are going well with Mr. Tam and Ms.
Schommer. Whitney Homes' progress is somewhat slow. They are
having difficulty marketing the lot at 5720 Polk Street. They
have someone interested in the Lafayette Street property;
however, they are running into some pzoblems with some utilities
that need to be re-located. That may take a while to get
corrected. Staff is still evaluatinq what options the i�tA has on
the Jackson Street property. Closing is scheduled for May 20.
Staff hopes to have a recommendation at the June meeting on what
should be done with the property. They have closed on the
property on Glencoe Street.
12. UPDATE ON HOME REMODELING AND GARDEN FAIR
Mr. Fernelius stated Home Depot made a generous contribution for
this event. Staff have been receiving calls from people who have
seen ads in the papers. He anticipates a good turn out.
Contractors are excited about the event. They like smaller fairs
because they seem to get better leads. He thought there was a
nice variety of things going on during the day.
Mr. Fernelius stated a memo was attached regarding the door prize
^, drawings. Staff is soliciting participation from the HRA members
if anyone is available to do so. Several drawings for door
prizes will be held. If anyone is interested in announcing the
door prizes, please contract Mr. Fernelius for times.
Mr. Commers stated he is concerned about the success of the fair
and thought they should do whatever they can to make sure there
is a great turn out for this event.
Mr. Fernelius stated staff has been aggressively marketing the
fair in the Fridley Focus.
Ms. Schnabel suggested printing a flyer to be sent out through
the schools.
Mr. Fernelius stated they would have posters. According to the
citizens survey, the Fridley Focus is the most popular means by
which residents find out about city events. With their
circulation, he thought many people would know about it. He has
been getting many calls.
Mr. Meyer stated there is tough competition with the big show
downtown and another held at Northtown. People may be getting
saturated.
Mr. Commers suggested trying to get a celebrity name to come to
''� the event .
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HODBINa � REDSVELOPMENT AIITSORITY MTt3., APRIL 11, 1996 PAaE 11
Mr. Fernelius stated they had tried to get the couple from the
Home Time show, but they were already booked. They have
indicated an interest for next year.
13. UPDATE OF TWO REQUESTS FOR TIF ASSISTANCE
Mr. Burns stated the project from Al1an Mechanical, Inc., has
been withdrawn. American Excelsior is still pursuing the site at
81st Avenue and Main Street. Mr. Casserly and he have advised
the petitioner that the HI2A has, in previous projects, provided
assistance with a combination of a 5� grant and a 5� loan.
American Excelsior has said a loan would not be advantageous to
them. He suggested the HRA might consider talking to them
because of the costs of the soil correction on the site.
Mr. Commers asked staff to talk to them and have a close estimate
of the costs before discussion at a public meeting.
Mr. Burns stated he felt staff needed to go back to American
Excelsior and have them show there are mitigating circumstances
or demonstrate a need as to why they need more than what staff
has offered. If they cannot do that, he would recommend they
stay with the proposal.
Mr. Casserly stated Ms. Dacy has asked for detailed estimates.
He thought they were close to have this wrapped up at the 5%.
Then, American Excelsior started doing more analysis and kept
finding more and more problems. He thought they would know in
the next few weeks the extent of the soil correction and the
costs.
Mr. Burns stated Ms. Dacy was hoping to have a development
agreement before the HRA at the May meeting.
OTHER BD8INE88•
14 . UPDATE ON FR.ANK� S USED C,AR. SITE
Mr. Burns stated staff had two meetings with the Hyde Park
neighborhood. Staff first met with three or four of the
residents as a sort of preview and then had a neighborhood
meeting on March 19. Invitations were sent to 180 property
owners and 30 to 40 property owners showed up for the meeting.
Those attending were generally negative toward a townhome project
because they felt such a project would generate a great deal of
turnover and eventually result in rental units. They are also
concerned about a density of 18 to 20 units and are concerned
about additional cars. Staff inet with the police and fire
department personnel in order to get a better understanding of
the perceptions of the Hyde Park residents. There is quite a bit
,�
/'�,
HOIIBING & REDEVELOPMENT AIITSORITY MT�.. APRIL 11. 1996 PAGE 12
of rush hour traffic through the neighborhood on Main Street and
Third Street so there is a valid concern about traffic. Staff is
not sure that 20 townhomes would generate a significant increase
in traffic, but that is their perception.
Mr. Burns stated staff's recommendation is to wait for a time,
consider the housing action plan and how the Hyde Park area may
fit into that plan. Also, they recommend waiting until the
Rottlund project is underway to give residents a chance to see
it. They met with other City staff who know the Hyde Park
residents to come up with a list of ways to deal with the
situation. He thought it would be about three months before
going back to talk to the neighborhood. This may put the project
into next year, but it is important to do things in concert with
the neighborhood.
Mr. Commers asked what this would do with the acquisition of the
two properties.
Mr. Burns stated staff's recommendation is to postpone the
acquisitions. They had a purchase agreement to bring forward
last month which, if a meeting had been held, staff would have
requested the item be tabled. The other is in the process of
negotiation.
Mr. Commers asked if it was possible to negotiate an option.
Mr. Burns stated he thought this may be possible. One property
owner had a purchase option on another home and had to back out
because of lack of action.
Mr. Commers stated the HRA is waiting for the staff to come
forward.
Mr. Burns stated, if the HRA has an opinion contrary to what
staff is doing, please let staff know.
Mr. Commers stated this is difficult to do without knowing all of
the concerns of the neighborhood.
Mr. Meyer stated he is hearing two things. The first is a more
methodical traffic count and the other ia to let the Rottlund
development start so people can be assured of what the end -
product will be in order to reduce the unhappiness.
Mr. Burns stated he had also hoped
homes to give the neighborhood the
been done through the rehab program
� in other areas. He felt that some
intimidated at the meeting and that
to do some sort of a tour of
opportunity to see what has
and have a tour of townhomes
of the people may have felt
time may given them an
80II8INa & RIyDEVELOPMENT AIITHORITY MTa., APRIL il. 1996 PAG$ 13
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opportunity to come forward individually. He is disappointed
that this will not be done in 1996. He thought this was a good
project, very visible for the City and has the potential for
putting a$2.4 million investment into the Hyde Park area. On
the other hand, this project has significance beyond the Hyde
Park neighborhood. Right now, he thought we need time to get a
consensus.
Mr. Schnabel asked if Mr. Burns thought residents resented the
HI2A purchasing the property.
Mr. Burns stated no. He thought they just wanted this property
to be rebuilt to single family. At one time, the neighborhood
was promised single family homes. There is now more demand for
non-traditional housing.
Mr. Commers stated previous development in that area was not well
accepted. What is the other alternative?
Mr. Burns stated an alternative is to develop the Frank's site
itself with six or seven single family homes compared to
approximately 18 townhomes. The tax increment generated by a
n, larger investment helps avoid costs and gives more money for
other parts of Hyde Park.
15. MISCELLANEOUS
Mr. Burns stated Ms. Dacy is working with Home Depot to discuss "
the issues of traffic on 57th. Ms. Dacy is also working with the
State of Minnesota on the exit ramp from I-694 at University in
the timing of the signal lights to get traffic across University.
Mr. Casserly stated the Fridley housing program may be famous
soon. Mr. Fernelius is getting calls from others about how we
are doing these things. Several other cities have emulated
Fridley in the last session of the legislature as far as the
housing replacement program. Richfield has done it as has
Duluth. We are doing some interesting things here. The City is
becoming something of a model because we are not staffing up for
these programs but contracting out for the services. The City of
Minneapolis has nine people doing what Mr. Fernelius is doing
with ane of three programs. What one does not see is all of the
documents which are not standardized. These have been redesigned
to get the required information but not have the applicants feel
threatened by the paperwork.
ADJOIIRNMENT :
'� MOTION by Ms. Schnabel, seconded by Mr. Meyer, to adjourn the
meeting.
HOOBINa � REDEVELOPMENT AIITHORITY MTa.. APRIL 11. 1996 PAaE 14
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IIPON A VOICB VOTE, ALL VOTINa AYE, CHAIRPER80N COMMERH DECLARED
TSE MOTION CARRIED AND THE APRIL 11, 1996� HOIIBINa AND
REDEVELOPMENT AIITHORITY MEETINa ADJOQRNED AT 9=50 P.M.
Respectfully submitted,
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Lavonn Cooper
Recording Secretary
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8 I G N- I N B H B E T
80IIBING AND REDEVELOPMENT AIITHORITY MEETING� April 1 1, 1996
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