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HRA 02/03/2000 - 6318L HOUSING & REDEVELOPMENT AUTHORITY MEETING THURSDAY, FEBRUARY 3, 2000 MEETING 7:30 P.M. PUBLIC COPY (Please return to Community Development Department) k CITY OF FRIDLEY HOUSING & REDEVELOPMENT AUTHORITY MEETING FEBRUARY 3, 2000, MEETING, 7:30 P.M. AGENDA LOCATION: City Council Chambers CALL TO ORDER ROLL CALL: APPROVAL OF MINUTES: December 9, 1999 CONSENT AGENDA: Resolution to Amend HRA By -Laws ........................ ............................... 1 Approve Krass Monroe Contract ............................. ............................... 2 Authorize Application to MHFA for First -Time Homebuyer Program ............... 3 Resolution Authorizing Official Depositories .............. ............................... 4 Claims and Expenses ........................................... ............................... 5 ACTION ITEMS: Authorize Printing of: "Fridley Housing Replacement Program: A Pattembook for New Homes" ............................... ............................... 6 Consider Interest Rate Write -Down Program ............. ............................... 7 Request to Fund Noise Wall Enhancements .............. ............................... 8 INFORMATION ITEMS: Gateway East Schedule and Update ........................ ............................... 9 MedtronicUpdate ................................................ ............................... 10 Remodeling Advisor Update ................................... ............................... 11 Rehab Program Update regarding Eligible Improvements ............................ 12 Council Commission Survey Discussion .................... ............................... 13 Update on Miscellaneous Property Acquisitions ........... ............................... 14 OTHER BUSINESS ADJOURNMENT CITY OF FRIDLEY HOUSING & REDEVELOPMENT AUTHORITY MEETING DECEMBER 9, 1999 CALL TO ORDER: Chairperson Commers called the December 9, 1999, Housing and Redevelopment Authority meeting to order at 7:38 p.m. ROLL CALL: Members Present: Lary Commers, Virginia Schnabel, Pat Gabel Members Absent: John Meyer, Jim McFarland Others Present: Barbara Dacy, Community Development Director Grant Femelius, Housing Coordinator Jim Casserly, Development Consultant Julie Vogel, HRA Accountant APPROVAL OF THE NOVEMBER 4 1999 HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES: MOTION by Ms. Schnabel, seconded by Ms. Gabel, to approve the November 4, 1999, Housing and Redevelopment Authority meeting minutes as presented. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. CONSENT AGENDA: 1. COLA INCREASE FOR HRA EMPLOYEES (AMENDED RESOLUTION). 2. APPROVE APPRAISALS FOR GATEWAY EAST PROPERTIES. 3. CLAIMS AND EXPENSES. Ms. Schnabel asked Ms. Vogel a question regarding the same check number that was included twice on the first page for Ehlers and Associates. The check number is 27170. Ms. Vogel stated that the expenditure was recorded twice with the same amount code. She will research that problem on the system the next day. Mr. Commers asked if this was going to be the last payment on the school refunds. Ms. Vogel stated that it was not. They have one payment to make for 1999, and then a full year of payments for 2000. a HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBER 4, 1999 PAGE 2 MOTION by Ms. Schnabel, seconded by Ms. Gabel, to approve the Consent Agenda as presented. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. ACTION ITEMS: 4. APPROVE RESOLUTION AUTHORIZING EXECUTION OF RESTATED DEVELOPMENT CONTRACT, MEDTRONIC, INC. Ms. Dacy stated that the purpose of the amendment to the Medtronic development agreement is to provide for the sale of property to Medtronic Inc. The HRA intended to do this originally; but because of Medtronic's phase of construction plan and timing issues, they were not able to conclude it until this month. The amendment states that Medtronic will issue to the HRA a note of approximately $5,000,000 at 8.25% interest for acquisition of the property. Since the last meeting in November, Medtronic has issued a letter to the HRA requesting conveyance of the remaining 14 acres of the site, because they have finalized their plan to construct more than 500,000 square feet for Phase 1 development. Mr. Commers asked Ms. Dacy when Medtronic is asking the conveyance to occur. Ms. Dacy stated that Medtronic is suggesting that the conveyance occur before the end of this year. The property will then become fully taxable before the year 2000. Mr. Commers asked if that affects the development agreement. Mr. Casserly stated that this request is very timely, because it fits in perfectly with the amendment agreement. Ms. Dacy stated that the amended contract provides a copy of the most recent draft in the weekend packet. Medtronic would receive up to 90% of the tax increment through the life of the district to the year 2025, the HRA would retain ten percent, but the land sale payments would equal another 10% of the increment until the year 2010. In the year 2011, the HRA would obtain enough increment to achieve the present value of $1,085,000; and for the remainder of the district through the year 2025, Medtronic payments would equal 20% of the increment they received. The first phase plans are at 514,000 square feet. They made a lot of progress on the foundations and they are anticipating the filing of the permits for the remaining of the buildings tomorrow and for sure by the end of this year. In total, there will be $29,000,000 over the life of the district that would be paid to the HRA representing a present value of $10,000,000. $83,000,000 would go to Medtronic having a present value of $32,000,000. N HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBERA ? 1999 PAGE 3 Ms. Dacy stated these amounts are the same as discussed in May. Staffs recommendation to the HRA is two -fold. The first resolution authorizes execution of the development agreement of the amended contract. The second resolution makes it clear that the HRA is agreeing to extend the term of the district to the year 2025 and modifies the tax increment financing plan for that district. Ultimately, the City Council has to approve the resolution to effectuate that extension. People from Medtronic are in agreement with these changes and resolutions. Mr. Casserly stated that is correct. The only changes being suggested are a couple of very technical changes regarding how the note would be administered. They want the HRA to provide them with a notice. They are going to making direct payments to the HRA in accordance with the terms in the note. It gives them an opportunity to review the amounts and gave them notice of the amount that is going on the bill, essentially invoice them for that and then they will pay us. If they do not pay us, it is a default on the agreement and they can discontinue making any payments in the future. That is really the only change. Both of these resolutions are contingent upon the City Council performing certain actions. The City Council has not approved the special legislation nor have they approved the extension of the district. Ms. Dacy stated that they have been awaiting completion of the development contract. They wanted to be assured that all issues surrounding the amended development contract were resolved. Mr. Commers asked when this would be on the Council agenda. Ms. Dacy stated that it would be on the December 13 agenda. Mr. Commers asked if they have been advised to the modification they are making on the note. Ms. Dacy stated that the City Council receives a copy of the HRA agenda. Mr. Casserly stated that they are also hopeful that they can close prior to Christmas. They would also receive a small land- holding payment. They have provided them notice that they intend to acquire the balance and theoretically they are to close December 8 or 9 but there are still some things occurring with the title and closing within the next 10 or 12 days. Mr. Commers asked about the revised contract. Based on what they know in terms of the reimbursable items, what are the approximate amount of payments they will be getting on each August and February? Mr. Casserly stated that the payments are going to be approximately starting out at about $100,000 every six months in approximately the year 2002. It would then reach approximately $250,000 by 2008 or 2009. In the year 2012 and thereafter, it should range from $450,000 up to over $600,000 every six months. ,4 : HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBERA, 1999 PAGE 4 Mr. Commers stated he is concerned about it from a budget and a planning point of view as to what the cash flow may be in terms of future projects. The first couple of years the payments are not significant. Mr. Casserly stated that it is not significant at first. There will be $200,000 per year that will be paid on the note and $200,000 per year that the HRA will receive for all of the other administrative activities. These numbers are just for the note amounts, and there will also be an addition to that the HRA will be receiving for its program operations. Ms. Gabel asked what the installment agreements are. Mr. Casserly stated that is the note and the note represents the installment agreements. MOTION by Ms. Gabel, seconded by Ms. Schnabel, to adopt the Resolution HRA 15- 1999, Authorizing Execution and Delivery of an Amended and Restated Contract for Private Redevelopment by and between the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota and Medtronic, Inc. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. MOTION by Ms. Gabel, seconded by Ms. Schnabel, to adopt the Resolution HRA 16- 1999, Authorizing the Extension of the Duration of Tax Increment Financing District No. 6 and Approving the Modified Tax Increment Financing Plan Relating Thereto. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. 5. APPROVE PROPOSED ACQUISITIONS: a. Duplex at 340 -353 57t' Place Mr. Fernelius stated that this is the acquisition of the duplex in the Gateway East project area. This is a two -unit rental property owned by William Fogarty. He owns a company by the name of Century Real Estate. It is currently occupied by two tenants who both have leases. The building was constructed in 1960, and each unit has two bedrooms. The rents range from $650 - $675 per month. After a month and a half of negotiations, they have reached an agreement with Mr. Fogarty. The sale price is $142,500. This is higher than the appraised value at $135,000. They are going to execute an escrow agreement with the seller, basically, placing all the sales proceeds in an escrow account with the title company by the end of this year. They will also issue a 90 day notice to the tenants. This will give them until the end of March to vacate the premises. The City's relocation consultant will be working with the tenants to find replacement housing. Once completed, they are anticipating closing on April 1 and then transferring the title and the building would be empty at that point. The property would be tom down and made available for the project. Staff is recommending approval of the purchase. Dan ,r HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBER, 1999 PAGE 6 Mr. Commers asked if the residents have an option to take a lump sum in lieu of the other payments. Mr. Wilson stated that is an option. The HRA has the option of how to make the payments to the tenant. Ms. Gabel asked the appraiser, Ms. Schwartz, to address the market situation and the increasing cost of land. Ms. Schwartz stated that in Fridley they are seeing higher rates for properties as well as the whole metro area. Fridley is seeing more than the metro wide because Fridley is more desirable than other areas. There has been an excessive amount of appreciation throughout the summer and springs months. There has been dual offer situations where more than one person will bid on a property and as a result they will sometimes pay more than the list price. That is a combination of low interest rates and general health of the economy. MOTION by Ms. Gabel, seconded by Ms. Schnabel, to approve the purchase and escrow between the HRA and Mr. Fogarty for the purchase of 349 -353 57th Place. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. Ms. Gabel asked if the fees paid for relocation come out of TIF District 2 or 3. Mr. Femelius stated that the money will come out of the General Fund. Mr. Casserly stated that it may be difficult to escrow those dollars. Mr. Commers stated that he did not see this listed as TIF District 2 or 3 payments. Ms. Dacy stated that vacant land expenses are using the acquisition price. The Werner's Furniture did include $20,000 of relocation. It is a matter of timing. Whatever they can get done by the end of this year, they will utilize those funds. Mr. Commers stated that if they could utilize some of them, then they could make a lesser payment on the note. Ms. Dacy stated that is correct. 5b. Werner's Furniture: Mr. Commers stated that this is the Werner's Furniture acquisition on 3`d Street and 59th. Mr. Fernelius stated this is in the Hyde Park Neighborhood. It is one of two commercial buildings in the neighborhood. The other is the US West building. It has been used as HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBER 22r, 1999 PAGE 7 a furniture refinishing and repair business for a number of years since the mid- 1980s. The structure was built in the 1950s probably as a used car showroom. The building is approximately 2100 square feet in size. The parcel of land it sits on is a little over 15,000 square feet. The purpose of this acquisition is to move a non - compatible land use in a primarily residential area and offer that site for redevelopment. They would like to take the structure down and sell it in two lots for construction of single family homes. Mr. Femelius stated the owner has agreed to a voluntary sale for $140,000. As an incentive, they have offered to provide relocation benefits since this is a business and more expenses involved. The total package then would be $160,000. Most of the transactions will involve escrow agreements, and that is what they are going to do in this case. They will escrow the money and in the meantime conduct some environmental tests to make sure there are no problems out there. They would close on the property on February 15. If there are any problems, they have the option of terminating the agreement and deciding what they want to do at that point. Assuming they do close on February 15, the tenant would be allowed to remain in the property for a period of six months to allow enough time to start construction on a new building in the City of Andover. They would assist him in whatever way with his relocation assistance. He would not be paying rent, but would be responsible for paying taxes, utilities and making sure the property is insured and the HRA would be protected against any liability. Staffs recommendation is to approve the purchase. Mr. Commers stated that the bottom line is that the property is $140,000, and he is collecting in a lump sum for the relocation. They will owe no other relocation expenses for him. Mr. Fernelius stated that is correct. There was a change in the transaction from what they presented in the memo. They are talking about placing all of the money in escrow. They will not close on it until after the testing is done. When they close, the owner will get all of the money. He needs those funds to construct the new facility. Mr. Commers asked if they would be doing soil borings. Mr. Fernelius stated that is correct. Ms. Gabel asked if he would be paying the taxes. Mr. Femelius stated that is correct. Ms. Schnabel asked if he was only paying the first half of the year's taxes. Mr. Fernelius stated it would be pro -rated through the date of closing. Mr. Commers stated that they have to notify the County about their acquisitions and handle the tax appropriately. a HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBER 0, 1999 PAGE 8 MOTION by Ms. Schnabel, seconded by Ms. Gabel, to approve the purchase and escrow agreements between Michael and Barbara Larson and the HRA for 5901 3`d St. N.E. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. 5c. Scattered Site Residential Ms. Dacy stated that the HRA needs to respond to some concerns that were raised at the November meeting. After the November discussion, Staff met internally and talked to the appraiser and City assessors. They heard three issues in the November meeting. There were many questions about the strong market. There was also some discussion about the houses being acquired and eliminating an opportunity for housing and are they truly substandard. She would conclude with the recommendation from staff about the efficacy of the Scattered Site Program and look at why this was initiated in the first place. Ms. Dacy stated that the market is very strong due to a very good economy. There are very high sales that have driven the comparables. Valuations in the City are increasing and they have been able to keep the tax rates fairly low so they have not had a lot of opposition to taxes in Fridley. The City has one of the lowest in the area. The appraiser and assessors see the future as potentially stabilizing. There may be a leveling off in values. This situation may be around for some time. The HRA has to decide to cant' out some of these acquisitions versus what risk it poses to the neighborhoods in which they are located. Ms. Dacy stated the Authority also had the question if they were truly dilapidated or if they are truly meeting the intent of the program. In 1995, the legislature passed a law for Fridley, Crystal and some of the central Cities that provided the Housing Replacement program and statutorily to find what was eligible to acquire. The cost of rehab was a tool defined in the statutes to assist them to determine if it met that test. The appraiser and the inspector went through these sites to determine that. They do feel that they are eligible for the Scattered Site program. They do understand they are attractive because they are in the lower value ranges that are in high demand. People are willing to overlook some of the rehab issues to be in the school district or neighborhood they want to be in. Ms. Dacy stated that when they find these houses in neighborhoods, it raises the question if this housing is the best way to provide lower value housing. Should they be looking at redevelopment projects and create some newer housing for people? The HRA has acquired 28 properties. As a result, 14 homes have been built in Fridley. Twenty -three of the 28 sites have been in those two areas with 12 new homes. This is a very good program in turning around some difficult areas in the Riverview Heights and Hyde Park neighborhoods. Citizen survey results stated that 42 of the respondents stated that this program is rated one of the top concerns to them. This is a fairly strong HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBEW12, 1999 PAGE 9 endorsement of the program. The Council survey results also stated that the majority suggested that they continue this program. Staff is recommending that they continue this program. Staff realizes that the valuations are higher than what was seen in the past, but the purpose of the program to help turn the neighborhoods around is well thought and should be continued. Ms. Schnabel stated that in making the appraisals, in just looking at the size and appraised value offered to the owner, the dollar amount per square foot is all over the place. There is not a standard dollar amount per square foot. What contributes to that fluctuation? It appears that the house in the worst shape is the one that has the higher amount. Ms. Schwartz stated that to look at housing on a per square foot basis is not accurate for indication of value. Typically when purchasers purchase they do not go out and look for a house based on per square foot. They look at the dollar amount they can afford. Ms. Schnabel stated that she understands that from a buyer's perspective; but in terms of an appraiser's professional opinion, is there not a consistent figure that would be used in appraising the value of a dwelling? Ms. Schwartz stated there was not in this price range. Part of the difference for the per square foot variance is the value of the land. A house that has 600 square feet sitting on a piece of land that may be of similar value to a house that has 1,100 square feet. A portion of that purchase price is based on the land value, and to look at price per square foot on a house would not include the price of the land. Mr. Commers asked if they appraise the land and house separately. Ms. Schwartz stated that they only do that in one of the approaches. This approach is not really relied upon for used housing. This is called the cost approach. You are looking at the appraisal cost new, and adding value of the land and subtracting the physical appreciation. This approach has very little reliance in older houses. A purchase does not look at the replacement cost new, you would look at what similar properties sold for. Ms. Schnabel stated that one of the properties is in extremely poor condition. That has a high appraised square foot value on it. Is the majority of that money appraised on the land and not on the structure itself? Ms. Schwartz stated that more than likely, you are looking at a significant component of that overall value attributable to the land. An average lot in Fridley is $22,000 - $27,000. The value of the land represents a pretty significant percentage of that purchase price. Ms. Schnabel asked the size of an average lot in Fridley. HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBER 2r2 1999 PAGE 10 Ms. Schwartz stated that it typically is in the 8,000 - 10,000 square foot range. Ms. Schnabel asked if any of the structures have been for sale on the open market. Ms. Schwartz stated that as part of the appraisal process, they look at the sales history. None of the properties have been listed with the exception of a few that have sold within a fairly recent time period. They looked at the amount paid for some those properties and then trended the value upward based on appreciation through statistical analysis that is published in the local listing service. If you were to take that purchase price paid and apply that percentage of increase for appreciation, it came very close to the end result of what was appraised recently. This is another cross check to the appraised value. Ms. Schnabel asked if it was fair to do if the structure itself is in a deteriorating condition. Ms. Schwartz stated that typically the appreciation will consider to a certain extent the amount of depreciation. Houses typically depreciate around two percent or so per year. Ms. Schnabel stated that she was under the impression that one of the houses on East River Road was non - livable. Ms. Schwartz stated that it is currently occupied, so if someone is living in it, the property will remain habitable until someone condemns it. This one is getting very close though. Ms. Schnabel stated that was why she was questioning taking the initial purchase price and appling it to the factors of increased property values. If the structure is deteriorating in the meantime, she would think that that would bring the price down and would not fall within the set guidelines or standards you would apply to that price. Ms. Schwartz stated that can be true, but if you look at what this was like when it was originally sold was probably not significantly different as far as deferred maintenance. This is just a cross check. The true test would be how much the comparisons were of properties that were used as comparables. That property sold for $57,009 in 1991, and it probably was in similar condition then. The lower value houses will go up more than the mid- or upper- bracket houses. Housing becomes more affordable as the interest rates come down as the economy is good and people are making more money. People that never thought they could own a home become homeowners. Fridley is blessed with having a very desirable location. The entry-level purchasers will pay a premium to live in Fridley as opposed to other areas that may be deemed as not being as superior. As a result the lower value housing will go up in greater pace than the upper bracket housing. Mr. Femelius stated that he would like to take the acquisitions in a little bit different order than they are in the memo. The first property at 6175 East River Road was the HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBER 22-,1999 PAGE 11 property talked about at the November meeting. The issue is the value, but they do have a pending offer with the seller for $74,000 and they have accepted that. The property is 40 years old with two bedrooms and slab on grade construction with a one - car detached garage and it is 616 square feet in size. There were a number of substandard conditions that were noted including water damage around the foundations, rotting flooring, worn shingles, asbestos siding, and some other life safety items. The building official was along at all the inspections, and he was involved in the evaluation of each of these properties as the appraiser was. In terms of the rehab work, they are estimating the rehab at about $20,000 conservatively. This is almost a third of the cost of the new structure. This is considered a buildable lot by code. What they would do is place the funds in escrow and then allow the seller to remain in the property after the closing for a period of six months in order to help him find a new place to live. Mr. Femelius stated that the next property is at 571 Lafayette Street in the Riverview Heights neighborhood. It is similar to the last property in terms of age. It is over fifty years old. It is a two- bedroom, slab on grade construction, 500 square feet of living space. A lot of the substandard conditions are related to deferred maintenance around the roof area with inadequate rood venting. There has been a lot of rotting and deterioration of the roofing materials. There is also some buckling of a wall due to improper drainage. There are ventilation issues, unsafe heating system, and improper bathroom venting which has produced a lot of damage to the roof. Repairs are roughly $15,400 or about thirty percent of the cost of the new structure. This property was appraised at $58,000 which was the amount the owner has accepted. This is not a buildable lot. It is a 50 foot lot so it cannot be sold as a buildable site. They would follow the same practice in terms of closing in escrow funds. Mr. Commers asked what they do if it is non - buildable. Mr. Fernelius stated that they could split the site in half and offer it for sale to either one of the adjoining owners or sell the site as is to an adjoining property owner. The other option is to landbank it. The property to the east is a similar property in terms of age but in much better condition. Some point in the future, they could evaluate some other acquisition to combine the two sites for a buildable property. The last acquisition at 630 Ely Street is in tough condition. They did look at this property in 1996 and negotiated with the owner at that time, but they could not reach an agreement on a price. It is virtually identical to the last property talked about in terms of size and construction with a litany of substandard conditions, due to deferred maintenance. It has fallen into significant disrepair. It is a HUD foreclosure. The City was notified of the opportunity to bid on it and made the decision to proceed with a bid on the property which HUD accepted. The property was appraised at $41,500 in 1998. HUD was asking $48,001 for the property. The City made a full price offer on the property and HUD accepted it. It is a non - buildable site but would be an important acquisition in that neighborhood and would have a very good impact on the surrounding properties that are in very nice condition. They would probably sell that site to an adjoining owner. s ' HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBER 411999 PAGE 12 MOTION by Ms. Gabel, seconded by Ms. Schnabel, to acquire the properties at 6175 East River Road, 571 Lafayette Street, and 6175 East River Road. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. Ms. Gabel stated that they are all having trouble adapting to the escalating market, but it is a reality and if they look in terms of the big picture it is accurate. Mr. Commers stated that the biggest problem he sees is that these are non - buildable lots, and they are really in a position of having to hold those without any real possibilities of doing anything with them. That is overcome sometimes by the fact that they are in such bad condition that there is no purpose in taking them as they are. 5d. Vacant Land Acquisitions: Mr. Femelius stated that over the past several months, they have been evaluating a number of vacant sites in the City of Fridley. A lot was related to the work on the Comprehensive Plan in terms of future redevelopment sites. These lots were identified as prime candidates for redevelopment. The purpose of the acquisitions is to gain site control. They believe that there is strong redevelopment potential based on the location. The sites along Central Avenue because of the development of Medtronic are believed to be spin -off developments from that project between those two campuses. They do not have specific development plans prepared for those properties. They will be holding on to those for anywhere from five to ten years. They do think that they are good candidates for redevelopment and given their opportunities to access some resources by the end of the year they thought it would be an opportunity they could not pass up. They would like to run through each of the sites and answer any questions about the properties. Mr. Fernelius stated that the Erickson site on Central Avenue just north of the racquet club is a little over 66,000 square feet in size. The Ziebart building is at the comer of East Moore Lake Drive and Central Avenue. This site is to the north of it between the Advance companies. It is zoned CRA, general business zoning classification. It was appraised for $166,000 or $2.50 per square foot. The owner has accepted that for the sales price. Mr. Femelius stated that second site, owned by Douglas Petty, is 32,000 square feet. It is zoned M -1, light industrial. It was appraised at $90,800, which is $2.83 per square foot. Mr. Femelius stated the third site is the Nedegaard property located south of 1 -694 along the north side. This is zoned C -2, which is a general commercial zoning classification. It is 15,600 square feet appraised for $31,200. The owner agreed to sell for $32,000. HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBE , 1999 PAGE 13 Mr. Femelius stated the fourth site along Old Central is the Carlson property, at the corner of Mississippi Street and Central Avenue. This is also zoned C -1, and it was appraised at $104,000 at $2.50 per square foot. Mr. Femelius stated they have not done any kind of environmental or geo- technical testing on the properties. They wanted to do that before they close. They structured the escrow and purchase agreements to allow them to conduct the testing in advance of closing and if they find something they have the option of canceling the agreement and back out or close on the property. They want to have some assurances they have a developable site. They will be able to do that in the first couple of months next year. Mr. Fernelius stated that it is staffs recommendation to approve escrow and sales agreements for each of the four sites. Ms. Dacy stated that the resolution Mr. Casserly referred to earlier authorizes the HRA to expedite the sale and purchase agreements and escrow agreements in Exhibit A except for 630 Ely Street. They would like a motion to approve the resolution and Exhibit A if that is what the HRA so desires. Ms. Schnabel asked why they would want to purchase a landlocked piece of land as in the Nedegaard property. Ms. Dacy stated that according to the old plat, there is a former piece of right -of -way right under it for 1 -694 and for 55th Avenue. It is just a gravel driveway. They purposes for this site is to attach it to the adjacent apartments and the parking lots to the west and to the south, or potential for some type of future redevelopment with the billboard company's lot just to the east of it. It will be a hard site to develop. It is a way to provide flexibility to the HRA for potential multi - family development or embark on apartment rehab. The adjacent owners may have some interest in this. Ms. Schnabel asked how the non - conforming use billboard becomes conforming or how it gets removed. Ms. Dacy stated that it is non - conforming, because it is in a C -2 district and the sign code states that billboards have to be in C -3 or industrial districts. It can become conforming if they rezone that site to C -3 or only industrial and that is very unlikely. Prior to the recent session of the legislature would be for the City to adopt an amortization ordinance to advertise non - conforming billboards for some prescribed time to get the money out of it. Mr. Bums stated that the legislature revocated the cement plan in St. Louis Park that prompted the revocation of the amortization rights. St. Paul had the referendum for the billboards. Ms. Dacy stated that billboards along the freeway are very controversial. HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBER 2z, 1999 PAGE 14 Ms. Schnabel stated that if it sits on a lot that has value, the issue should be addressed to try to get it removed. Ms. Dacy stated that the billboard owner a number of years ago suggested relocating the billboard to this site to do what the City needed to do to redevelop the site, but that would require a special use permit and a variance. This might be an option for the future if they were to require this piece. Ms. Schnabel stated that on the Central Avenue site, the Petty and the Erickson sites on the west side seem to require a lot of soil correction. Mr. Femelius stated that they have received information that there are soil problems out there and that is what they want to explore. Mr. Commers stated that they had soil problems with the Leahy property when it was developed when they were doing the highway and he imagines this would be the same issue. He has some of the same concerns as Ms. Schnabel. The other parcels along Central Avenue will have some development spurned by Medtronic and will be well advised to acquire. He does have reservations about the Nedegaard property. He did not think of the acquisition or the removal of the sign which is extremely expensive and he does not see them in a position to pursue that. It is landlocked, and the alley being vacated which runs all the way down the block, and it seems unlikely that anyone would put a street right there. Mr. Burns asked Ms. Dacy if the assumption that the area north of Rice Creek Road could be move -up type housing? Is there any thought in the Comprehensive Plan to make it all residential up to Mississippi Street? Ms. Dacy stated that the residential uses may be appropriate on the east side of Central and on the west side there may be some type of office or smaller retail, but non - automotive types of uses. Ms. Schnabel stated that she has reservations about the Nedegaard property. She understands why they should think about a piece of property like that, but she feels it has too many things going against it at the moment. The other properties are more developable in the near future than the Nedegaard property. Her preference would be to drop the Nedegaard property at this point. Down on University Avenue, just south of 1 -694, the property between the Amoco Station has some activity. Ms. Dacy stated that Mr. Bona and his brother are going to build an automotive repair facility and they just received Council approval in October. Mr. Commers asked if the HRA owns the house at the end of Councilmember Billings block. Mr. Fernelius stated that they do own it now and the parcel will be taken down HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBER.-22,1999 PAGE 15 Mr. Commers stated he agrees that they should approve the Nedegaard parcel. Ms. Gabel stated that except for the location, it could be a good price, but it is landlocked and how long would it take to use it. She feels they should use the other three for sure. Ms. Schnabel stated that the issue should be explored with the Nedegaard property, but you cannot do anything with it right now. Ms. Dacy stated that the first one on Exhibit A is Michael and Barbara Larson, the Werner's Furniture item. Douglas Petty is included, Sentry Real Estate is the duplex at 340 353 57th Place, and the Nedegaard Construction would be deleted. Daniel Erickson property on Central would be included, Carlson property, Patricia Melich at 6175 River Road, and the Schunemans on 571 Lafayette. What is not in here is 630 Ely Street because they close before the end of the year, and the Nedegaard piece was not included. MOTION by Ms. Schnabel, seconded by Ms. Gabel, to approve acquisition of the Erickson property, Doug Petty property, and the Carlson property, and adopt Resolution HRA 17 -1999, Determining the Necessity for the Acquisition of Certain Properties and Authorizing Execution and Delivery of Sale and Purchase Agreements and Escrow Agreements Relating Thereto with Exhibit A attached containing the legal descriptions of the properties. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. 6. RESOLUTION AUTHORIZING PREPAYMENT OF HOUSING LOAN TO THE CITY OF FRIDLEY. Mr. Commers stated that this item was pretty simple regarding any excess funds to be used to pay down any obligation of the note of the money that has been borrowed from the City to help with their housing programs. MOTION by Ms. Gabel, seconded by Ms. Schnabel, to adopt the Resolution HRA 18- 1999, Authorizing Prepayment of Housing Loan to the City of Fridley. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. 7. RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF AN ESCROW AGREEMENT BY AND AMONG THE HOUSING AND REDEVELOPMENT AUTHROITY INAND FOR THE CITY OF FRIDLEY, MINNESOTA, FRIDLEY MAIN L.L.C. AND AN ESCROW AGENT NAMED THERIN: a, HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBER 1999 PAGE 16 Ms. Dacy stated that this is one more resolution that refers to the tax increment financing assistance that the HRA approved at the October meeting to provide soil correction assistance for the Peterson five acre site on the west side of Main Street for $250,000. They have formed a partnership called Fridley Main, L.L.C. They have not executed the development agreement as of yet, and they are trying to set a closing date prior to the end of this year. If this cannot be accomplished, they are suggesting that you approve this Resolution which permits the City to place $250,000 into an escrow agreement. _ Mr. Casserly stated that they clearly cannot perform the work required by the agreement. They are just trying to make sure that they allocate the money on a timely basis. They do not release the funds until they have performed as any developer would perform. MOTION by Ms. Schnabel, seconded by Ms. Gabel, to adopt Resolution No. 19 -1999, Authorizing Execution and Delivery of an Escrow Agreement by and among the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota, Fridley Main L.L.C., and an Escrow Agent named Therein. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. INFORMATION ITEMS: 8. "WELCOME TO FRIDLEY" SIGN AT NORTHWEST CORNER OF TH 65 AND MEDTRONIC PARKWAY: Mr. Commers stated that he thought they wanted to do something by Medtronic Drive, but Fridley really starts on the south side of 1 -694. Ms. Dacy stated that he is correct, but they were thinking that the amenity of Moore Lake in the background next to the corporate campus would be a nice setting. If there are concerns, let the City know. Medtronic may have an issue also. Ms. Schnabel stated that she always thought there was a nice triangle piece of land on 53rd and Central on the east side across the street from the Ground Round in front of Menards. There are several Oak trees and would make a nice setting. She would urge the City to consider this site. Mr. Commers asked if this was the design with the house on it. Ms. Dacy stated that was correct. It was the Banfill Locke house. Mr. Burns stated that it came out of the 50th Anniversary Task Force. Mr. Commers asked why the year the City was established was not on there. HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBER 1999 PAGE 17 Mr. Bums stated that they were established in 1949, and there was a lot of debate about a lot of things and that was not agreed upon. Ms. Schnabel stated that she felt the signs in other communities are very attractive. Mr. Commers stated that they would have to keep the grounds around the sign kept up and that is something that should be considered. Ms. Dacy stated that they would be happy to investigate the Central Avenue sign. Mr. Commers stated that the sign is a good idea. 9. COMPREHENSIVE PLAN UPDATE: Ms. Dacy stated that this was a first draft of the Land Use, Housing, and Community Vision chapters. This is the very beginning of the process. The Planning Commission will hold its first public hearing on December 15. A draft will be submitted to the Metropolitan Council by the end of this year. When they are done reviewing it there will be another public hearing in March or April in the Planning Commission. They intend to take a second round of changes and drafts back to all of the Commissions again. There are some issues to be evaluated before adoption in the summer of 2000. Mr. Commers asked where the settlement language of priority for affordable housing in Fridley was. Ms. Dacy stated that the Housing chapter addresses those issues and there are some policy statements that states that the City will strive to maintain affordable housing. They meet and exceed Metropolitan Council's criteria. The City Attorney, Mr. Knaak, reviewed the initial draft of the Housing chapter and he felt it was fine. Ms. Gabel stated that it was interesting to look at all this and have the data to relate to planning. She watched the presentation to the City Council that was made by Bill Morris from Decision Resources and that was real interesting with a lot of useful information for future planning. Mr. Commers stated that they will have more opportunity to talk about it as they go along. Staff should be complimented for all their hard work. Ms. Dacy thanked Mr. Commers. OTHER BUSINESS Mr. Bums stated that they are in the process of trying to put together another Council/ Commission survey. If the HRA has anything that they would like to test in the survey, he would be happy to incorporate it. HOUSING & REDEVELOPMENT AUTHORITY MEETING, DECEMBER,201999 PAGE 18 Mr. Commers stated that maybe he could refresh his recollection of what was in the survey previously. Mr. Burns stated that special impact studies were included for the Medtronic project, apartment rehab was included also. There was a question about additional money for the single family rehab also. This is the first planning event that occurs in the new year. They are planning for the next year but it starts people thinking about the kinds of issues on the horizon. They get staff involved in trying to identify the issues they think are out there so they can begin talking to the Commission members about the ideas. This kind of grows out of the various surveys they are doing. Mr. Commers stated that he feels this should be put on the agenda for discussion if they have any ideas. Ms. Dacy stated they could do that. Ms. Gabel asked if the duplex could be moved. Mr. Fernelius stated that early on in the Gateway East project, that was a question they had. They did have Ernst Moving Company take a look at it and they said it could be moved. The larger issue is where they could move it. Ms. Gabel asked if they could sell it to somebody else who could move it. Mr. Fernelius stated that they could look at that as an option. ADJOURNMENT MOTION by Ms. Schnabel, seconded by Ms. Gabel, to adjourn the meeting. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED AND THE DECEMBER 9, 1999, MEETING OF THE HOUSING AND REDEVELOPMENT AUTHORITY ADJOURNED AT 9:35 P.M. Respectfully submitted, Sign L. Jo son CO Recording Secretary t HOUSING & REDEVELOPMENT AUTHORITY Memorandum CIWOF FMEX" Memo To: William W. Bums, Executive Director From: Barbara Dacy, Community Development Director Date: January 28, 2000 Subject: Resolution Authorizing Amendment to By Laws I know it is hard to believe, but the Authority's By -Laws need to be amended once again. The purpose of the change is in part to satisfy an issue that the County Title Examiner has with the title pertaining to the Medtronic property. In addition, the By -Laws have been updated to reflect an amendment which was made by the Authority in April, 1999. The first issue deals with the actual name of the Authority. The By -Laws state the "Fridley Housing and Redevelopment Authority". Deeds and other legal documents have typically been prepared as the "Fridley Housing and Redevelopment Authority, in and for the City of Fridley ", consistent with State Statute. The examiner has noted that the memorials on the certificates for the Medtronic site show this name which is in conflict with the official wording of the Authority's By -Laws. Staff also found the enabling resolution from 1965 but it too states "Fridley Housing and Redevelopment Authority". It seems incredulous that this is an issue, but in order to meet the letter of the law, an amendment is necessary. The second issue pertains to the "Assistant Executive Director". In April of last year, the Authority passed a motion to authorize the Community Development Director as the "Assistant Executive Directors in order to enable signature of documents, especially in the absence of the Executive Director. In practice, the Executive Director is always the first priority for signature, and since April, Bill Bums has always been available. As you know, the Chairperson is also required to sign all documents on behalf of the Authority. Finally, the By -Laws are amended to delete reference to the "seal" of the Authority. RECOMMENDATION Staff recommends the Authority approve the attached Resolution authorizing amendments to the By -Laws. M -00 -07 1 BY -LAWS OF THE BI E HOUSING AND REDEVELOPMENT AUTHORITY FRIDLEY, MINNESOTA ARTICLE I: THE AUTHORITY Section 1: Name of the Authority The name of the Authority shall be the €r;dl= Housing and Redevelopment Authority- in and for the City of Fridley, Minnesota. Section 2: Powers The Authority shall be a public body corporate and politic and shall have all the powers necessary or convenient to cant' out the purpose of Minnesota Statutes 462.415 to 462.711. Section 3: Membership The Authority shall consist of five commissioners who shall be residents of the City of Fridley. Section 4: Appointment, Approval The Commissioners shall be appointed by the Mayor with approval by the City Council of Fridley, Minnesota. Section 5: Term The Commissioners shall be initially appointed for terms of one, two, three, four, and five years respectively. Thereafter, all Commissioners shall be appointed for five -year terms. Section 6: Vacanc Each vacancy in an unexpired term shall be filled in the same manner in which the original appointment was made. Section 7. Certificate of Appointment The Commissioners shall hold office until their successors have been appointed and qualified. A certificate of appointment of each Commissioner shall be filed with the City Clerk and a certified copy thereof with the State Housing Commission. Section 8. Compensation The Commissioners shall be entitled to receive necessary expenses, including traveling expenses, in the performance of their duties. The Commissioners may be compensated at a rate of up to $25.00 per meeting in an aggregate amount not to exceed $1,500.00 per year. ARTICLE II: OFFICERS Section 1: Officers The officers of the Authority shall be a Chairperson and a Vice - Chairperson /Secretary. Section 2. Chairperson The Chairperson shall preside at all meetings of the Authority at which he /she is present. Section 3. Vice - Chairperson /Secreta The Vice - Chairperson /Secretary shall perform the duties of the Chairperson in his /her absence or incapacity, and /or because of resignation or death of the Chairperson until a new Chairperson is elected. Section 4. Terms of Officers All officers of the Authority shall be elected annually by the Authority and shall serve for the term of one year or until their successors are elected and qualified. Section 5. Vacancies Should an office become vacant, the Authority shall elect a successor from its membership at a regular meeting, and such election shall be for the unexpired term of said office. ARTICLE III: STAFF SERVICES Section 1. Executive Director An Executive Director shall be appointed by the Authority, at such compensation, for such term and with such duties as the Authority shall determine by resolution. The Executive Director shall perform, or have performed, such activities as the Authority shall from time to time reasonably request, including the responsibility for the care and custody of all funds of the Authority and for the deposit thereof in the name of the Authority in such bank or banks as the Authority from time to time shall designate, for the keeping of regular books of accounts showing receipts and expenditures, for budget and budgeting activities, for keeping the records of the Authority, , and to acce t the service of process upon the Authority. Section 2. Assistant Executive Director An Assistant Executive Director shall be appointed by the Authority, at such compensation for such term and with such duties as the Authority shall determine by resolution. In the absence or incapacity of the Executive Director, the Assistant Executive Director shall perform the duties of the Executive Director. Section =3. Additional Personnel The Authority may from time to time use such personnel and use the services of local public bodies as it deems necessary to exercise its powers, duties, and functions as prescribed by law. ARTICLE IV: EXECUTION OF INTRUMENTS Section 1: Execution of Instruments All deeds, contracts, promissory notes, warrants, and other instruments, including checks issued by the Authority, shall be executed by the Executive Director only after authorization of such transactions by the Authority by resolution or other approved action. ARTICLE V. MEETINGS Section 1. Regular Meetings Regular meetings of the Authority shall be set by the Authority annually and shall remain for that period of time unless changed by majority vote of the Authority at a regular scheduled meeting. Section 2. Special Meetinas Special meetings of the Authority may be held at any time on at least a 24 -hour written call of the Chairperson or any two members of the Authority. Notice shall be in writing and state the time, place, and purpose of the meeting. Upon unanimous consent of all members, any of the provisions of this section may be waived. Section 3. Annual Meetin An annual meeting will be held the first Thursday of June at 7:30 p.m. for the purpose of electing officers of the Authority. The date of the annual meeting may be postponed to a date on or before the first Thursday of July upon a majority vote of the Commissioners in office at any time at a regular meeting of the Authority. Section 4. Quorum The powers of the Authority shall be vested in the Commissioners thereof in office at any one time, a majority of whom shall constitute a quorum for all purposes, but lessor number may adjourn a meeting from time to time until a quorum is obtained. Section 5. Manner of Votin The Chairperson and all Commissioners in attendance at every meeting of the Authority shall be entitled to vote. All motions and resolutions shall require an affirmative vote of a majority of the members of the Authority. A roll call on any question coming before the Authority must be taken upon the demand of any one or more of the Commissioners. Section 6. Parliamentary Procedures Parliamentary procedures at meetings of the Authority shall be governed by the last edition of Robert's Rules of Order. ARTICLE VI: FISCAL YEAR Section 1. Fiscal Year The fiscal year of the Authority shall be from January 1 to December 31 of each year. Section 2. Annual Report The Executive Director shall prepare an annual report to the Authority of Authority activities on or before the last day of February for the proceeding fiscal year. Section 3. Budget The Executive Director shall prepare an annual budget for Authority approval prior to December 31 for the next fiscal year. This budget shall lay out anticipated revenue and expenditures of the Authority for the next fiscal year. ARTICLE VII: AMENDMENTS Section 1: Amendments The By -Laws of the Authority shall be amended only with the approval of at least a majority of the Commissioners in office at that time. Chairperson Vice - Chairperson Amended: jURe 3, 4 994 February , 2000 f W!'D \ "t' \ V 71 '! ; F!'R \ N? \ 11 l-_* � ' ' `'2.1:)Ol- r. HRA RESOLUTION NO. A RESOLUTION AMENDING THE BY -LAWS OF THE AUTHORITY BE IT RESOLVED by the Board of Commissioners (the "Commissioners ") of the Housing and 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 amend its by -laws (the "By- laws ") to provide for the more efficient operation of the Authority. 1.02. Article VII, Section 1 of the By -laws provides that the By -laws shall be amended only with the approval of at least a majority of the Commissioners in office at that time. 1.03. The Authority hereby determines that it is necessary and in the best interests of the Authority amend the By -laws at this time to provide for the more efficient operation of the Authority. Section 2. Findings. 2.01. The Authority hereby finds that the proposed amendments to the By -laws will result in providing for the more efficient operation of the Authority. Section 3. Amendments to the By -laws. 3.01. Article I, Section 1 of the By -laws is hereby amended to read as follows: Name of the Authori ty. The name of the Authority shall be "Housing and Redevelopment Authority in and for the City of Fridley, Minnesota." 3.02. Article III, Section 1 of the By -laws is hereby amended by deleting the following: ", keeping of the seal of the Authority" 3.03. Article III, Section 2 of the By -laws is hereby renumbered as Article III, Section 3. Page 2 — Resolution No. 3.04. Article III, of the By -laws is hereby amended to insert the following at Section 2: Assistant Executive Director An Assistant Executive Director shall be appointed by the Authority, at such compensation, for such term and with such duties as the Authority shall determine by resolution. In the absence or incapacity of the Executive Director, the Assistant Executive Director shall perform the duties of the Executive Director. PASSED AND ADOPTED BY THE FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF FRIDLEY, MINNESOTA THIS DAY OF FEBRUARY, 2000. LAWRENCE R. COMMERS - CHAIRPERSON ATTEST: WILLIAM W. BURNS - EXECUTIVE DIRECTOR CERTIFICATION I, William W. Burns, Executive Director of the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota, hereby certify that the foregoing is a true and correct copy of Resolution No. passed by the Authority on the day of February, 2000. WILLIAM W. BURNS - EXECUTIVE DIRECTOR G: \WPDATA \F \FRIDLEY \38 \D0C \HRA RES AMENDING BYLAWS.DOC HOUSING & REDEVELOPMENT AUTHORITY Memorandum f Date: January 28, 2000 To: William W. Bums, Executive Director From: Barbara Dacy, Community Development Director Subject: Approve Contract with Krass Monroe P.A. PROPOSAL Krass Monroe P.A. is proposing a two-year contract for continuing legal assistance with tax increment financing and redevelopment projects. The previous contract was also for two years and contained a two part hourly rate. In 1998, the hourly rate was $110 /hour. In 1999, the hourly rate was $115 /hour. The proposed contract contains the same approach with an hourly rate of $120 /hour in 2000 and an increase in 2001 to $125 /hour. Last year was unprecedented in the Authority's history for the amount of work concluded. A synopsis of the projects is attached. In 1999, the Authority paid Krass Monroe $243,679.80. About 48% of this amount was related to the Medtronic project ($118,117.92). These expenses were charged against TIF #6. Only $28,566 was charged to the General Fund, well below the 1999 budget allocation of $50,000. The remaining amounts were charged to appropriate tax increment districts. In 1998, the Authority expended $89,490 to Krass Monroe, but about 62% ($55,780) was related to the Lake Pointe site. Remember in that year, the Authority was involved with both the MEPC /Duke development agreement and negotiating the letter of intent with Medtronic. It should also be remembered that 1999 forced the Authority into several acquisitions prior to two deadlines established by the Legislature (May 1 and December 31). A majority of these transactions had to be handled at one time, with multiple documents, and required a tremendous amount of detail work by both City Staff and Krass Monroe. Grant Femelius and I deal with Jim Casserly and his colleagues on a regular basis. We also observe them dealing with developers and property owners. We are very impressed with their ability to represent the Authority in an assertive manner yet respectful to potential developers or Fridley citizens. In addition, they are responsiveness to our deadlines, and quite simply, offer us good advice. RECOMMENDATION Staff recommends the Authority approve the attached Contract as presented. M -00 -15 SYNOPSIS OF WORK PROJECTS 1999 1. Medtronic Development Agreements, Special Legislation, and Closings 2. Onan /Murphy Warehouse Development Agreement and Escrow Agreement 3. Waymore Trucking Development Agreement 4. Cash n Pawn Agreement and Escrow Agreement 5. Penk and Peterson Development and Escrow Agreement 6. Duplex Purchase and Escrow Agreement 7. Three vacant parcel acquisitions on Central Avenue (multiple documents) 8. Werner's Furniture acquisition 9. Linn Project 10. Minnesota Commercial Railway 11. Housing Revolving Loan analysis 12. Banfill Crossing (Noah's Ark) 13. Redevelopment Plan Amendment 14. Pooling Issue analysis 15. General assistance on TIF issues KRASS MONROE. P.A. A T T O R N E Y S A T L A W ■ James R. Casserly Email james4krassmonroe.com www.krassmonroe.com Direct Dial (612) 885 -1296 January 24, 2000 City of Fridley 6234 University Avenue NE Fridley, MN 55432 Attn: William Burns, City Manager Attn: Barb Dacy, Community Development Director Re: Krass Monroe Contract Dear Bill and Barb: It is that time of year again where we are anticipating entering into another contract with the Fridley HRA to provide them with the services they need in the areas of law and finance. It is undoubtedly true that we do not tell you often enough how much we appreciate the exciting and challenging work that results from all of your efforts and activities. You take on projects and activities that many cities simply dream about. From a very personal perspective, it is your challenges that keep me excited about the practice of law in this very complex area. I think it is reasonable to assume that over the next two years the quantity of our work will be greatly diminished. Because of the Medtronic opportunities and the deadlines imposed by the 1999 legislature we had substantially more work than we had anticipated. In the month of December alone there were seven people in our office working on Fridley matters at one time or another. As you might expect, our costs have certainly increased. We have a highly trained and experienced staff for which we must pay very competitive salaries. As a result, we are requesting that our hourly rate be increased $5.00 per hour to $120.00 per hour in the year 2000 and an additional $5.00 per hour to $125.00 per hour in the year 2001. This would be slightly in excess of a 4% increase in each year which is not substantially more than the rate of inflation in the last year or two. While it is not particularly germane to our request for an increase, the municipal rate for all of our current cities is already at $125.00 per hour. Our new municipal clients will be at $135.00 per hour. I should point out that my own compensation from Krass Monroe will not be increasing as a result of these rates. These requested increases will offset our increased operating expenses. Suite 1100 Southpoint Office Center 1650 West 82nd Street, Minneapolis. Minnesota 55431- 1447 Telephone 612.885.5999 Facsimile 612.885.5969 wwwArassmonroe.com Another topic which does not get raised often enough is the interaction of your staff and our office. Without exception, everyone in our shop likes to work with your staff. They are professional, organized, goal oriented and best of all, simply nice people. We look forward to the opportunity of continuing to serve you over the next two years. Thanks again. Very truly yours, KRASS MONROE, P.A. Jame � Casserly Atto e at Law & WPDATATIFRIDLEY\BURNS DACY LTR.DOC AGREEMENT FOR LEGAL SERVICES BETWEEN THE FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY (HRA) AND KRASS MONROE, P.A. 1. Term of Agreement: January 1, 2000, through December 31, 2001 2. Duties and Responsibilities of Krass Monroe, P.A.: A. Analyze subsidies requested by developers or offered by the City, including: L Tax increment analysis; ii. Internal rate of return analysis; and iii. Pro forma cash flow and balance sheet analysis. B. Assist with any tax increment work, including the following: L Modify the redevelopment project area; ii. Establish the tax increment district and the tax increment finance plan, including impact analyses; iii. Prepare resolutions adopting the above; iv. Prepare notice of public hearings; v. Attend public hearings to provide support and background; vi. Prepare letters and notices for the School and County Boards; and vii. Prepare letters requesting certifications and filing documents with the appropriate jurisdictions. C. Assist in the negotiation and preparation of contracts for private development, assessment agreements, special assessment agreements, interest rate reduction programs, revenue notes, and other contractual arrangement between the Fridley HRA and the developer. D. Assist with any debt insurance including recommendations as to size, maturity, form, and sale of debt as they relate to the project analysis. E. Assist with policy analysis and with the review and updating of tax increment districts. F. Assist with the development of housing programs and prepare the appropriate documents and resolutions. 3. Compensation: A. Compensation shall be at the hourly rate of One Hundred Twenty Dollars ($120.00) from January 1, 2000, through December 31, 2000, and One Hundred Twenty -Five Dollars ($125.00) from January 1, 2001, through December 31, 2001. B. Krass Monroe, P.A., shall submit an itemized statement that clearly accounts for the hours of service provided by Krass Monroe. 4, Other Reimbursements: A. Krass Monroe, P.A., shall be reimbursed for long distance calls, reproduction and delivery services, as well as any filing fees that it incurs on behalf of the Fridley HRA. All other expenses will be included as part of the per hour compensation rate. Agreed and entered into this 1 st day of January, 2000. KRASS MONROE, P.A. By: FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY By: By: HOUSING & REDEVELOPMENT AUTHORITY Memorandum CM MEM DATE: January 28, 2000 TO: William W. Burns, Executive Director of HRA FROM: Barbara Dacy, Community Development Director Grant Fernelius, Housing Coordinator SUBJECT: Authorize Application to MHFA for First Time Homebuyer's Program The Minnesota Housing Finance Agency (MHFA) is again soliciting applications from cities throughout the state for the Minnesota Cities Participation Program. This program provides low interest rate mortgages to low and moderate income families who want to purchase their first home. A fact sheet on the program is attached for your reference. The MHFA acts on behalf of participating cities by selling mortgage revenue bonds which provide the underlying financing. Private lenders then process the mortgage loans and sell them to MHFA. As the loans are made the funds are drawn down from each city's allocation. The HRA's primary role is to market the program to prospective first -time buyers. The real advantage of the MCPP, is that MHFA covers all of the bond issuance costs and only charges a small fee ($20 per $100,000 of mortgage allocation) to each participating city. This year the MHFA expects that between $37 and $45 million will be available in the mortgage bond pool. The actual amount will depend on how many of the larger cities (i.e. Minneapolis, St. Paul, Duluth, etc.) decide to issue their own bonds, which are subtracted from the same pool. MHFA will sell bonds based on the remaining amount of bond authority. The amount allocated to each city under the MHFA program is based on a population formula. The Fridley HRA has participated in the MCPP since 1993 and during that time period a total of 51 loans for $3,913,254 have been made. On average Fridley has receives about $781,000 in funding each year. Of this amount, approximately $537,000 has been committed on average. 3 HRA MEMOS (FEB. 2000 MTG.).doc MCPP Memo January 28, 2000 Page 2 In 2000, however, MHFA is encouraging more cities to join together and submit multi - city proposals. If successful, a joint proposal could secure a larger pot of money than if each city received its own allocation. One downside to this approach is that the money could not be designated for any particular city. Instead the money would be available county -wide on a first -come, first -serve basis. In reality, those cities with moderately priced housing and stronger marketing efforts will use more of the funds. Staff has already had preliminary discussions with Columbia Heights and Anoka County about a joint proposal. The City of Anoka, which historically has applied on its own, will also be contacted about a joint proposal. At this point we are still trying to clarify the feasibility of a county -wide proposal. It is unclear whether all three of the cities (Fridley, Columbia Heights and Anoka plus the County) have to join in a proposal, or if a lesser combination is also acceptable. In either case we are requesting authorization from the HRA to submit an application to the MHFA. Recommendation Staff recommends that the HRA authorize preparation of an application to the 2000 Minnesota Cities Participation Program. M -00 -08 HRA MEMOS (FEB. 2000 MTG.).doc J J 2 n J O H O d V - - N 00 m _ = 00 00 C4 L Q'I� Po 9- 1` u ? 9 _ J 1OJ T J �� .yi O � t.0 i � � � Z J_ 7 •� bz •a.. �. -" ►•1 �i C �• f� � Q•I v C r~" G G`� �y�, - u O _ L CM \ _ — _ 'C3 ch •Qi a u >, u moo+ 0 _ - i - 3C yam„ f,y v Aj r•-r"i r•4 r4 rG O L ,L k �' .��•1 H Lam. u • • • LL r �i L 4 4 t: O b .yn C h u Q O .. Op u O b9 0 u C w Lw O ?• }r T h M L p y DA a`"i QA u u �yy ++ p 1: v C > •=, ^� X 41 3 L • ca u 3 °' -� y v 3 u C- 0 I. v Q .G U V �+ i ° vi S C E L` O Oa� L ; ^ 4° O u �" oA � � 0 u � x u � o 0 rn _?` I � O Q u O O .� � � r�r •n y '%yi � O w r O O v u i y u /7 �ry Ir u c M bo ° O id •r PC Q C C y N v V y t°� Q% A H N �' x y� �i �_ pp u O 1•a V G. uu C ~ ��r M u y_ ,a curl �' S C �u C bp 0 C4 ' H v -v_ u o 3 v u Cd E •C ° ti ° C u 0 ''' �i ° . r_ [ C Z Z °" 3 O Gi. ° O G O c a o ° U u u o u cd 7 T .° 4 c" . �i L 4 4 t: O -T N r-A b b f� i•1 E H v � aM N 0 t ta u .0 O O 3 U• O O y v O �e G u [ 0 e� U. 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C u " 3 td OV o ern V V �0 i. ° c 0 If the property to be mortgaged is located in: New or Existing Homes 11 -County Twin Cities Area' $121,842' Benton and Stearns Counties $82,975 Blue Earth County $83,251 Clay County $91,168 Goodhue County $90,375 Houston County $73,100 McLeod County $90,132 Nicollet County $96,712 Olmsted County $94,034 Rice County $101,730 Steele County $88,193 Winona County $81,946 Balance of State $77,540 'Anoka. Carver, Chisago, Dakota, Hennepin, hand, Ramsey. Scott, Sherburne, Washington and Wright Counties. HAF Income Limits You may qualify for the Homeownership Assistance Fund (HAF) if your "MHFA Eligibility Income"' does not exceed the amount listed: I "MHFA Eligibility Income" means the gross annual projected income of all residents living in a housing unit, from all sources and before taxes and withholding, regardless of whether that income is used to qualify for that loan. 2 New construction in the Twin Cities Area is available only in Chisago, Isand, Sherburne and Wright counties. This material will be made available in alternative format upon request. ®Minnesota Housing Finance Agency LENDER @1999 Minnesota Housing Finance Agency Rarofonnn papn:^i 12'99 0710 +_ a t YOU CAN own your own home! Current Interest Rate VIP Call a Participating Lender or the Minnesota Housing Finance Agency (MHFA) at (651) 296 -8215 in the Twin Cities metro area or 1 (800) 710 -8871 outside the Twin Cities for current fund availability and interest rate information. Income Limits To qualify for the Minnesota Mortgage Program your MHFA Eligibility Income' must not exceed: Persons Household MAXIMUM MHFA ELIGIBILITY COUNTY INCOME' FOR HAF Balance ofSrato Entry Cost Assistance and/or 533,450 Monthly Payment Assistance 1 I- Counry Twin Cities Area $30,128 Anoka, Carver, Chisago, Dakota, 538,250 Hennepin, Isand, Ramsey, Scott, S38,000 Sherburne, Washington and 3 persons Wright Counties S39.300 Olmsted $38,000 All Other Counties $32,500 I "MHFA Eligibility Income" means the gross annual projected income of all residents living in a housing unit, from all sources and before taxes and withholding, regardless of whether that income is used to qualify for that loan. 2 New construction in the Twin Cities Area is available only in Chisago, Isand, Sherburne and Wright counties. This material will be made available in alternative format upon request. ®Minnesota Housing Finance Agency LENDER @1999 Minnesota Housing Finance Agency Rarofonnn papn:^i 12'99 0710 +_ a t YOU CAN own your own home! Current Interest Rate VIP Call a Participating Lender or the Minnesota Housing Finance Agency (MHFA) at (651) 296 -8215 in the Twin Cities metro area or 1 (800) 710 -8871 outside the Twin Cities for current fund availability and interest rate information. Income Limits To qualify for the Minnesota Mortgage Program your MHFA Eligibility Income' must not exceed: Persons Household 11 County Twin Cities Merm Area Olmsted County Rict County Balance ofSrato I Person 533,450 S30,600 530,750 $30,128 2 Persons 538,250 534,950 535,150 534,432 3 persons 543,000 S39.300 $39,550 $38,736 4 Persons 547,800 543,700 543.900 843.040 5 Persons 551,600 547,150 S47,450 S46,483 6 Persons 555,450 550,650 550,950 $49,926 7 Persons 559,250 $54,150 $54,450 $53.370 8 Persons 563.100 557,650 557,950 $56,813 HRA RESOLUTION NO. -2000 RESOLUTION DESIGNATING OFFICIAL DEPOSITORIES FOR THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY I, Richard D. Pribyl, do hereby certify that I am Finance Director - Treasurer of the Housing and Redevelopment Authority in and for the City of Fridley, a corporation organized under the laws of the State of Minnesota. I further certify that at a meeting of said corporation duly and properly called and held on the 3rd day of February, 2000, the following resolution was passed; that a quorum was present at said meeting; and that said resolution is set forth in the minutes of meeting and has not been rescinded or modified. IT IS HEREBY RESOLVED, that Norwest Banks is hereby designated as a depository for the funds of this corporation. IT IS FURTHER RESOLVED, that checks, drafts or other withdrawal orders issued against the funds of this corporation on deposit with said bank shall be signed by two of the following: Richard D. Pribyl, Finance Director - Treasurer Alan D. Folie, Assistant Finance Director William W. Burns, Executive Director and that said bank is hereby fully authorized to pay and charge to the account of this corporation any checks, drafts, or other withdrawal orders. BE IT FURTHER RESOLVED, that Norwest Banks as a designated depository of the corporation is hereby requested, authorized and directed to honor checks, drafts or other orders for the payment of money drawn in this corporation's name, including those drawn to the individual order of any person or persons whose name or names appear thereon as signer or signers thereof, when bearing or purporting to bear the facsimile signatures of two of the following: Richard D. Pribyl, Finance Director - Treasurer Alan D. Folie, Assistant Finance Director William W. Burns, Executive Director and Norwest Banks shall be entitled to honor and to charge this corporation for all such checks, drafts, or other orders, regardless of by whom or by what means the facsimile signature or signatures thereon may have been affixed thereto, if such facsimile signature or signatures resemble the facsimile specimens duly certified to or filed with Norwest Banks by the City Clerk or other officer of his corporation. BE IT FURTHER RESOLVED, that any and all resolutions heretofore adopted by the Housing and Redevelopment Authority of the corporation and certified to as governing the operation of this corporation's account(s) with it, be and are hereby continued in full force and effect, except as the same may be supplemented or modified by the foregoing part of this resolution. Page 2 - Resolution No. -2000 BE IT FURTHER RESOLVED, that all transactions, if any relating to deposits, withdrawals, re- discounts and borrowings by or on behalf of this corporation with said bank prior to the adoption of this resolution be, and the same hereby are, in all things ratified, approved, and confirmed. BE IT FURTHER RESOLVED, that any bank or savings and loan may be used as depositories for investment purposes so long as the investments comply with authorized investments as set forth in Minnesota Statutes. BE IT FURTHER RESOLVED, that the signatures of two of the following named City employees are required for withdrawal of City investment funds from savings and loan associations: Richard D. Pribyl, Finance Director - Treasurer Alan D. Folie, Assistant Finance Director William W. Burns, Executive Director BE IT FURTHER RESOLVED, that any brokerage firm may be used as a vendor for investment purposes so long as the investments comply with the authorized investments as set forth in Minnesota Statutes. I further certify that the Council of this corporation has, and at the time of adoption of said resolution had, full power and lawful authority to adopt the foregoing resolutions and to confer the powers therein granted to the persons named who have full power and lawful authority to exercise the same. PASSED AND ADOPTED BY THE HOUSING AND REDEVELPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY THIS 3RD DAY OF FEBRUARY, 2000. LAWRENCE R. COMMERS, CHAIRPERSON ATTEST: WILLIAM W. 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E.04 Ea W 011 C7 Co W HZ 00 Z000FiE- 'yz 2 F E E w W q v1 a w H H H a 4 W W a F a s o�+wwemauwm aw �7cy a 0c,a W u00AEa a Ex0 >pc zz aEaw z�wa>4m oa u u w[ £04 aFxoaw'"u'� in E ! w mQl �a�aoa a �aoaozOr�E❑wWaa a 3ouowu ��.. g s pq wz z 04m Fw UH Q a aa m ua 0 ap�ap W wa F W awaww onoMwWao rn a w oO E F o N ag q a m ZH U�U a o m ao > Moa,.a uW 4 °�QvuHw a.>a Q u wC so0 > a a o xW U q ° c armm0 Nmvm%Drmm0 Nm -Wu D N N N Men ri cn r�navvvvv a v v v m cn cn m Ln cnm N N N N N N N ° W N ' .T. \ a o u N N N N N N N( V N N N N N N N r r r r r n r n r r n r r r r n r r n n r r n r N N N N N N N N N N N N N N N N N N N N N N N N m0z N Ln M � \ of U1 x q x W W O O O O O O C O O O O O O O O O O O O O o 0 0 0 N N N N N N N N N N N N N N N N N N N N N N N N a q mmmmmmmmmmmmmmmmmmmmmmmm W OU Q/ N N N N N N N N N N N N N N f V N t V N N N N N N N \iHI- NN\,11, %�\,\,1 � aaw' i�, %-,\,\.,��\,�� 000000000000000000000000 HOUSING & REDEVELOPMENT r AUTHORITY Memorandum C FMDLH DATE: January 28, 2000 TO: William W. Burns, Executive Director of HRA FROM: Barbara Dacy, Community Development Director Grant Fernelius, Housing Coordinator SUBJECT: Update on Patternbook for Housing Replacement Program After nearly a year in the works, we are extremely pleased to present the Patternbook for New Homes, a design guide for homes built through the HRA's Housing Replacement Program. The book was authorized by the HRA to create more useful guidelines for new single family homes built on our in -fill sites. Attached is the final version of the book which will be printed and distributed to builders and individuals who want to purchase an HRA in -fill site and construct a new home. The purpose of the book is to provide design guidelines in a visual format that will help buyers understand the importance of good house design. The book even includes three sample plans that buyers can use or embellish to fit their particular needs, and portrays three new home plan designs based on the most common lot widths of 60', 75' and 100. The goal is not so much to prescribe every detail of a new in -fill home, but rather to encourage designs that are more sensitive to the surrounding neighborhood and architecture. Hopefully, this guidebook will serve as a good starting point for prospective buyers to formulate their own ideas. In addition, the book will help the HRA evaluate prospective house designs. Recommendation Staff recommends that the HRA authorize staff to expend $2,500 for printing 100 copies of the book. The book will be provided to prospective buyers for the HRA's lots and the cost will be re- couped via the non - refundable, $500 Participation Fee that is charged to reserve a site. There are several typos in the book, which need to be corrected and any feedback from the HRA is also welcome. M -00 -09 HRA MEMOS (FEB. 2000 MTG.).dm 6 HOUSING & REDEVELOPMENT AUTHORITY Memorandum CW FMDL% DATE: January 28, 2000 TO: William W. Bums, Executive Director of HRA FROM: Barbara Dacy, Community Development Director Grant Femelius, Housing Coordinator SUBJECT: Consider Interest Rate Write Down Program Introduction As you know, the Center for Energy and Environment (now known as Community Revitalization Resources) has been administering our housing rehabilitation programs since 1996. Recently CRR's Manager, Dave King contacted staff about a proposal he is preparing to MHFA for a special program to serve the 15 metro cities who participated in the Cape Cods & Ramblers: A Remodeling Guide for Post World War II Housing guide book. A copy of Dave King's proposal is attached. He will also be in attendance at the HRA meeting to answer and questions. Overview of Loan Program The purpose of the CRR's special program is to encourage homeowners to make the improvements described in the book, by offering attractive financing. As you know the larger goal of the plan book is to help retain households in the older suburban communities and to adapt the housing stock for today's needs. CRR's intent is to offer a 6% interest rate which is below market and is a good incentive to those owners who might be thinking of improving their homes. The role of each participating city is to help subsidize the interest rate, but only for loans made within their own community. The loans will be made to families with incomes up to $73,140 (115% of the metro median) who have good credit and own a home built before 1970. The maximum loan will be $35,000. The underlying funding for the loan will come from MHFA, but the interest subsidy will be shared equally by MHFA and the participating city. CRR will act as the lender and process the loans. How the Interest Subsidy Works When CEE originates a loan under this program, they will make the loan directly to the borrower and then sell the note to MHFA. The loan will be issued at the 6% rate, however MHFA's cost of funds is 8 %. To achieve the 8% rate, MHFA will discount the cost of loan, meaning they will pay CEE less than the face amount of note. For example, on a $5,000 loan HM MEMOS (FEB. 2000 MTG.).doc 7 CRR Memo January 28, 2000 Page 2 the total interest subsidy is $500. In this case, MHFA will buy the loan from CRR at $4,500 and then split the $500 interest subsidy with the City. The net result is that the City provides a $250 subsidy on behalf of the borrower. So what does this all mean? The advantage to this approach is that the City can leverage a significant amount of funds with a small investment of capital. A $50,000 loan pool could leverage nearly 20 times that sum in MHFA or roughly $2.2 million (440 loans). This scenario is based on an average loan of $5,000 with a $225 local subsidy. The other advantage is that MHFA pays all of the origination fees and on -going servicing costs for each loan. How Does This Dovetail with the 5% Program? The best analogy to use is that this new program is simply another tool in the toolbox for the HRA to use in its housing programs. It compliments rather than competes with the HRH's 5% program, because the HRA does not currently serve households in the $58,000 to $74,000 income range. It also restricts the funds to housing built before 1970, thereby prioritizing older housing. To put this new initiative in perspective, since 1993 a total of 393 homes have been improved for a total of $4,405,200 (all funding sources). Of this number, the HRA has funded 240 revolving loans valued at $3,007,100. The write down program provides a means to leverage more outside dollars given the HRH's limited resources and competing redevelopment priorities. Staff believes this proposal is a sound strategy for continuing our aggressive housing programs. More importantly we are offering residents another opportunity to invest in their homes and remain in the community. A similar program has been implemented in St. Louis Park and Anoka and has been very successful in those communities. Recommendation Staff recommends that the HRA authorize CRR to submit a proposal on behalf of the Authority and commit $50,000 for interest rate write downs in Fridley. We an accommodate this level of funding in the 2000 housing budget, by reducing the capital outlay for the Revolving Loan Fund. M -00 -12 HRA MEMOS (FEB. 2000 MTG.).doc °01/25/00 10:04 FAX 612 335 2650 CENTER FOR ENERGY & ENVI 9002 Community Revitalization Resources 211 North 1' Street, Suite 455 . Minneapolis, Minnesota 55401 . Phone: (612) 335 -5880 . Fax: (612) 335 -2650 January 24, 2000 Mr. Grant Fernelius Housing Coordinator City of Fridley 6431 University Avenue NE Fridley, MN 55432 Dear Grant. Community Revitalization Resources, a division of the Center for Energy and Environment, would like to invite your city to participate in a collaborative effort to offer low - interest financing to the homeowners of your community. The focus of this endeavor is to offer homeowners residing in rambler and cape cod style homes an affordable and attractive way to complete value - added projects similar to those showcased in the Remodeling Planbook for Post -WWII Houses, co- sponsored by your city. Community Revitalization Resources proposes to apply to the Minnesota Housing Finance Agency (MHFA) to gain access to the Community Fix-up Fund for the 15 cities that co- sponsored the plan book. The Community Fix-up Fund offers home improvement financing of up to $35,000 at interest rates of 2 -8 %, depending on household income. I have contacted MHFA staff and have approval to apply for all participating communities under one application. Your community may already be participating in the Community Fix-up Fund program, however this application would remain independent of any previous submissions. This proposal consists of two distinct parts. The first application will request that the Community Fix-up Fund be offered to owners of rambler or cape cod homes built prior to 1970 with household incomes less than $73,140 (115% of median). An additional stipulation could also be added to restrict eligible improvements to value added improvements as identified through the "This Old House" legislation. The second part of the proposal is an application to the MHFA Single Family Super RFP this February. The proposal will request MHFA match the participating cities on a dollar for dollar basis to assist with the cost of offering a Discount Loan Program. The Discount Loan Program allows communities to buy down the MHFA interest rate of 8% to 6,5,4,or 3 %. CRR encourages participating cities to offer a 6% rate. Six percent is very marketable and is the most cost - effective rate to subsidize. In communities where CRR is able to offer 5 or 6% loans versus the traditional MHFA interest rates, the participation rate is significantly higher. Example #1: Assuming a $5,000 loan, the interest subsidy cost to your city to write this loan down from 8% to 6% will be $225. If your community committed $50,000 to interest subsidy and MHFA matched your commitment, your city could realize over 440 loans of $5,000 @ 6 %, providing more than 2.2 million dollars in home improvements for your community. A division of the Center for Energy and Environment .Equal Opportunity Employer 01/25/00 10:05 FAX 612 335 2650 CENTER FOR ENERGY & ENVI IM003 , Example #2: Assuming a $10,000 loan, the interest subsidy cost to your city to write this loan down from 8% to 6% will be $830. Again, if your community committed $50,000 to interest subsidy and N41VA matched your commitment, your city could realize over 120 loans of $10,000 @ 6 %, providing more than 1.2 million dollars in home improvements for your community. As you can see, a relatively small investment can leverage a significant amount of money at very attractive rates for your community. I am very confident this proposal will have an excellent chance for funding through the NWA Super RFP. In fact, CRR previously received funds for very similar purpose for the cities of Anoka and St. Louis Park. In those proposals, N UA matched the community's contribution for offering the discount loan program. To date, both program's have been very successful. Community Revitalization Resources also currently has a project underway to showcase the potential of a rambler style home. In last February's Super RFP cycle, CRR applied to and received funds from NWA to acquire a rambler home and rehabilitate the home to one of the plan specifications identified in the City of Fridley's Rambler Remodeling Handbook which is very similar to the Remodeling Planbook for Post -loll Houses, CRR has acquired the property in the City of Fridley and is in the process of remodeling the home. Once the construction is complete, the home will be used as a model for six months (and a satellite office for CRR) and then sold to a first -time homebuyer. Residents from your community are encouraged to visit the model. This project will give interested homeowners an opportunity to see first -hand what the potential of their home is with the additional option of accessing a low- interest financing package to complete home improvements. CRR has extensive experience underwriting NINA single - family and multi - family rental loan Programs. CRR is consistently one of the top three lenders of NWA products (out of more than 400 statewide). CRR will provide all personnel needed to administer this project successfully and efficiently. CRR will be responsible for preparing and submitting the proposal on behalf of the participating communities. If you are interested in participating in this proposal or would like to discuss the concept in more detail, please contact me at (61 Z) 335 -5889. I apologize in advance for the short notice, but I will need to know your community's level of interest by February 1 ° 2000 in order to prepare the proposal. Thank you for your consideration and hope to hear from you soon. Sin rely, David King Director HOUSING & REDEVELOPMENT AUTHORITY Memorandum CM FMN% Date: January 28, 2000 To: William W. Bums, Executive Director From: Barbara Dacy, Community Development Director Subject: Request to Fund Noise Wall Enhancements Background MnDOT completed a noise impact analysis on Trunk Highways within incorporated areas of February 1997. The study was ordered by the Legislature. The segment along University Avenue between 44h and 53`1 Avenue was identified as one of the noisiest segments showing decibel levels in excess of state standards. MnDOT approached the City in October requesting that the City conduct a meeting to determine if a 15 -foot noise wall would be acceptable to construct in order to abate the noise. On November 10, 1999, MnDOT conducted a neighborhood meeting for residents on both sides of University Avenue. A majority of the citizens present strongly favored installation of the wall, after years of concerns with truck and traffic noise. The Council conducted a formal public hearing in December, and after hearing support for the request, passed a resolution agreeing to installation of the noise wall. In early January, staff met with MnDOT staff to determine if the wall could be accented with decorative elements to enhance the image and minimize the visual impact. A solid wood fence with concrete posts is proposed. Four ideas were discussed: 1) construct the wall panels on alternating side of the concrete posts to break up the expanse of the wall; 2) add decorative trim like the fence along Ramsey County Road 96 (it emulates a pine tree design) 3) install caps on the concrete posts emulating the caps on the brick pillars at Christenson Crossing and 57th Avenue; and 4) add a color tint to the concrete posts. MnDOT also pointed out that while the wall is 15 feet in height, there are grade changes along the roadway that will help to reduce the visual height of the wall from the roadway. A fifth idea requested for analysis was installation of landscaping along the wall. MnDOT Response MnDOT staff submitted a letter to City offices late Thursday, January 27,2000 identifying the additional costs for improving the appearance of the fence (see attached letter). MnDOT is requesting a response from the city regarding the improvements by February 8, 2000. The additional costs are as follows: Request to Fund Noise Wall Enhancements January 28, 2000 Page 2 1) Construct the wall panels on alternating side of the concrete posts to break up the expanse of the wall: No Cost. 2) Add decorative trim like the fence along Ramsey County Road 96 (it emulates a pine tree design): $27,210. 3) Install caps on the concrete posts emulating the caps on the brick pillars at Christenson Crossing and 57th Avenue: $68,025. 4) Add a color tint to the concrete posts: $272,100. 5) Install landscaping: investigate MnDOT's Community Roadside landscaping Partnership Program, cost unknown. Recommendation The City has initiated many projects to improve the image of the community along major roadways: • The Council has recently re- authorized mowing along the corridors in addition to MnDOTs schedule at an annual cost of $28,000. This necessitated the purchase of a $60,000 mower. • The Public Works Department is proposing to re -grade the University Avenue ditches and is working with MnDOT regarding this approval (potential cost around $100,000). • Entrance signs at major entrances to the City. Likewise, the Authority has also completed several streetscape enhancements in various parts of the City: • Mississippi Street • East Moore Lake Drive • 57'' Avenue • TH 65 east frontage road near Osbome • Repainted light fixtures along above noted streets At Thursday's meeting, photos of similar walls will be shown including the Ramsey County Road 96 example. Staff recommends that the Authority agree to pay for the decorative trim element ( #2) and the concrete cap element ( #3) at a total cost of $95,235. Funding would have to come from the General Fund. The area is within the redevelopment project area, and the project would be consistent with past improvement projects. The expense was not anticipated while preparing the 2000 Budget for the Authority. A copy of the summary sheet for the General Fund is attached. It shows a $93,174 surplus of revenues over expenditures for the year 2000. There is a projected balance of $11,391,000 at year end in 2000 (this balance includes the costs of the Gateway East project). Request to Fund Noise Wall Enhancements January 28, 2000 Page 3 Please note that because this item was received late in the week, the Executive Director was unable to review this memo prior to distribution. His analysis and an update will be provided at Thursday's meeting. M -00 -18 MNDOT Fax:651 -582 -1496 Jan 27 '00 17:06 P.02 ��sOrw Minnesota Department of Transportation t'3,of t Metropolitan Division Waters Edge 1500 West County Road 82 Roseville, IVIN 55113 January 27, 2000 Mr. John Flora, City Engineer City of Fridley 6431 University Avenue NE Fridley, MN 55432 RE: SP 0205 -75, TH 47 Project to Construct Noise Wall Wall Location: West Side of TH 47 from 44th Ave. to North of 53`' Ave. Dear John: Thank you for your letter to Mn/DOT of December 21, 1999. In it you stated that the pridley City Council adopted a resolution supporting the construction of the above referenced noise wall project. Based on this approval from the City, MWDOT will proceed with the portion of this project within the City of Fridley. In your letter and in our subsequent discussions you also indicated that the Council had concerns regarding the appearance of the wall, you requested Mn/DOT consider building a wall similar to walls along Ramsey County Road 96 in Shoreview and Vadnais Heights. Although it l possible a add aesthetic elements to the wall project, the City would have to bear the cost of any added aesthetic treatments. One of the items we discussed was landscaping. Landscaping will not be included in this (except for Mn/DOT's typical wall construction procedures). However, it may be project landscaping ��g the wall as a separate Y possible to do ep project within Mn/DOT's Community Roadside Landscaping Partnership program, For more information regarding this program contact Scott Bradley, State Landscape Programs Coordinator. Scott's phone number is 651- 779 -5076. The other possible aesthetic treatments we discussed are listed below: Offset panels Decorative trim (pine tree design) Colored concrete posts Caps on the concrete posts It should be noted that incorporating these elem ents into the construction of Mn/DOT's standard noise wall will not necessarily result in a wall that looks like the walls along Ramsey County Road 96. One difference, for example, would be the offsetting of panels. The Ramsey County An equal opportunity employer MNDOT Page 2 January 27, 2000 Mr. John Flora Fax:651 -582 -1496 Jan 27 '00 17:06 P.03 Road 96 walls have two types of offsets: (1) alternating which side of the posts the boards are attached to, and (2) jogs in the alignment. (For the Ramsey County project, these jogs in the wall alignment necessitated the acquisition of right -of -way). The wall on TH 47 will not have jogs for aesthetic effect. However, if the City desires, Mn/DOT will construct the wall with the panels on alternating sides. As you know, some of the wall is within the City of Columbia Heights. The length of wall within Fridley is approximately - -used on preliminary drawings--90.7% of the total wall. Therefore the cost to the City of Fridley for each of the aesthetic treatments has been prorated at that rate. The list below shows costs for adding each treatment to the whole length of wall and to the length of wall within Fridley. If the City chooses any of these treatment options and agrees to pay Mn/DOT the indicated amount, the options chosen would be added to the portion of the wall within Fridley. Aesthetic Treatment Total. Cost Cost to Citty of Fridley Offset panels None No cost to the City Decorative trim $30,000 $27,210 (Pine tree design on highway side of approximately 20% of the panels) Caps on the concrete posts $75,000 $68,025 Colored concrete posts $300,000 $272,100 I will be calling both you and the City of Columbia Heights to further discuss these issues and the coordination of wall plans for both cities. If the City of Fridley chooses to have any of these items added to the project, the City must inform Mn/DOT of this in writing by February 8. Sincerely, Steve Ryan, Proj Manages Metro Division Minnesota Department of Transportation 1500 West County Road B -2 Roseville, MN 55113 cc: Dr. William Burns, City of Fridley Mr. Kevin Hansen, City of Columbia Heights Mr. Walt Fehst, City of Columbia Heights Liz Benjamin, Mn/DOT Jim Hansen, Mn/DOT MEMORANDUM TO: William W. Burns, City Manager i�N i PW99 -185 FROM: John G. Flora,(Public Works Director DATE: November 15, 1999 SUBJECT: Noise Wall Meeting On November 10, 1999, Minnesota Department of Transportation representatives conducted an open house at the City of Fridley in regards to the construction of a noise wall on the west side of University Avenue from 44d' Avenue north to I -694. A total of 27 people attended the meeting, including Councilmembers Bob Barnette and Ann Bolkcom. After the explanation of the noise wall was presented, a straw vote was taken of those in attendance. Fourteen of the property owners voted in favor of the noise wall and seven of the property owners voted against the noise wall. During the meeting it was indicated that Council would hold a meeting the first week of December on this issue. It later became apparent that the first Council meeting in December was December 13, 1999. Accordingly, we will be sending a letter to the Fridley residents on the west side of University Avenue indicating that there will be a public hearing on December .13 and that a decision will be made regarding the construction of the noise wall from 44d' Avenue north to I -694. Accordingly, recommend that the City Council set a public hearing for the University Avenue noise wall for the City Council meeting on December 13, 1999. JGF:rsc Attachments 123 LE w N N N a MN /DOT NOISE ANALYSIS DIVISION MINNESOTA HIGHWAY NOISE ABATEMENT STUDY PROPOSED NOISE WALL LOCATIONS FRIDLEY AND COLUMBIA HEIGHTS r MINNESOTA HIGHWAY NOISE ABATEMENT STUDY PROPOSED NOISE WALL LOCATIONS :y 1 I l .f LEGEND �I AN• Noise Wall V MOOT Road. ` A/ City streets / Railroads s Hwy symbols i• ARDEN HILLS . Rd. H -o Y co J tM c J i! s � MN /DOT NOISE ANALYSIS DIVISION 1 01 a� �O Todd Dr. Round�;. Lake.::..:;,: l Excerut from December 13, 1999 Council Meetine Minutes PUBLIC HEARING: 26. CONSTRUCTION OF A NOISE WALL ON UNIVERSITY AVENUE FROM 44 AVENUE TO I -694 (WARD 3): MOTION by Councilmember Bolkcom, seconded by Councilmember Barnette, to open the public hearing. Seconded by Councilmember Barnette. UPON A VOICE VOTE, ALL VOTING AYE, MAYOR JORGENSON DECLARED THE MOTION CARRIED AND THE PUBLIC HEARING WAS OPENED AT 7:58 P.M. Mr. Flora, Director of Public Works, stated that on November 10, a representative from the Minnesota Department of Transportation (Mn/DOT) conducted an open house regarding the construction of a noise wall along University Avenue from 40 Avenue north to I -694 on the west side. 27 people attended. Council decided to hold a public hearing on this issue to make a position statement to Mn/DOT supporting or not supporting the decision to go ahead with a design for this wall. Councilmember Bolkcom stated that the Council sent a letter to residents abutting the proposed wall. Mr. Flora stated that the City sent a letter to all of the residents abutting the wall on Third Street. A notice was also sent to Focus News to be published. Mr. Jim Hanson, MnDOT representative, stated that the noise wall would extend from 44'h Avenue to an area beyond 53`d Avenue on the west side of Trunk Highway 47. In 1995, the State Legislature requested Mn/DOT to do a noise priority study on all freeways and expressways in the state of Minnesota. Eight hundred areas were covered. The area along University Avenue was rated number 10 on the list for priorities for a noise wall. Mn/DOT proposed to construct this portion during the summer of 2000. The cost would be $600,000 to $900,000. A concrete post, wood - flanked noise wall would be constructed where the right -of -way fence is today. Mn/DOT has already proposed two different projects along two different roadways. On I -35W the residents and City Council have rejected a noise wall. One was accepted on Trunk Highway 100 in St. Louis Park. Although Mn/DOT proposed the noise wall, they would not force it to be built. It is up to the City and the residents. Starting at 4,e Avenue, there would be about a 10 -12 foot wall above the profile of the roadway. Most of that area has homes that are set back and down lower. From 40h to beyond 53d Avenues would be a 15 foot wall. Most of the in -place landscaping would be removed. Mn/DOT would do minimal replacement of landscaping due to the amount of money available for the project. Councilmember Barnette asked about the boundaries of the noise wall along 53`d Avenue Mr. Hanson stated that it was eight houses just north of 53`4 Avenue where it would tie into the present in -place berm that has been there for about twenty years. Councilmember Bolkcom asked Mr. Hanson if he could summarize the comments he received at the earlier public meeting. Mr. Hanson stated that the comments reflected that people supported for the noise wall. One question was regarding who was going to pay for the noise wall. Mn/DOT would be paying for the full cost of the noise wall. Mr. Hanson showed pictures of the noise wall along the Highways 610 and 10 area. The wall is a concrete post with wood - flanked noise wall. Mr. Burns asked Mr. Hanson about the reduction factor of noise by construction of this wall. Mr. Hanson stated that in this area the noise levels of the present day are in the high 60s to low 70s decibel level. There would be approximately a seven to eight level decibel reduction. This would be about five decibels below the standards. The State standards are set up for conversational speech at 65 decibels. That compares to two people talking at a distance of about 3 to 4 feet apart. No noise over that would interfere with that conversation. An office surrounding is in the mid to high 50 level. MN/Dot is trying to get to 60 for a noise level. A noise level of 65 would be comparable to TV noise level or a manual typewriter. A vacuum cleaner would be around 70. Councilmember Barnette asked if the noise level would be reduced by fifty percent. Mr. Hanson stated that it would be around forty percent. All of the noise levels that Mn/DOT predicts and monitors are in an activity area on the ground level, five feet above the ground. They use a microphone to do the monitoring. Mayor Jorgenson asked if the noise would bounce back over to the east side of the highway. Mr. Hanson stated that there will always be some reflection. Mn/DOT has done noise studies where there are two lanes of traffic like Trunk Highway 47. They determined that it may be a 1 to 1.5 level increase in noise. Mayor Jorgenson asked if there were other Fridley sites that have this problem. Mr. Hanson stated that anywhere there were residential areas Mn/DOT did monitoring. No other sites ranged quite as high. There were some sites on I -694 on the north side but it did not rank in the top ten. This particular site ranked number ten on the list. This was combined with one site that had a mid 40s decibel level on 4e and 53d Avenues to make one project. There were some sites on I -694 that had these problems. One was north of the Cub Foods store on the west and east side going all the way up to just south of Northtown. Mr. Hanson stated that he did have extra copies if anybody wanted to request one. Councilmember Bolkcom asked if the residents could do landscaping between their yard and the right -of -way. Mr. Hanson stated that it was safe to say that Mn/DOT will allow the residents to do landscaping up to the noise wall. Mn/DOT does not have enough financing available to pay for the equipment for the landscaping. If anything serious happens with the wall, Mn/DOT would come back and repair that. Councilmember Bolkcom stated that one of the residents had a question about storm drainage between 47" and 46" Avenues. Mr. Hanson stated that this project would be a noise wall project. The landscaping would perpetuate the current drainage along 47s'Avenue. Anything that is west of Mn/DOT right -of -way, is not something that Mn/DOT is capable to deal with. Councilmember Bolkcom stated that Mr. Flora could make note of the storm drainage problem. Mayor Jorgenson stated that the amount of fumes coming up from the highway from the traffic was a concern. Mr. Hanson stated that lead content comes from gasoline. There has not been any gas stations offering leaded gasoline for twenty years in the metropolitan area. The State of Minnesota's air quality is improving all of the time due to their maintenance level of carbon monoxide. There would be some carbon monoxide problems in areas with heavy traffic, but they have not had a violation with the Minnesota Pollution Control Agency in five years. Mn/DOT does not deal with pollution aspects with a noise wall pertaining to air quality. If they were doing a major rebuild like adding lanes, they would be looking at doing quality monitoring. Councilmember Bolkcom asked if there would be any special assessments to any of the residents in this area. Mr. Hanson stated that Mn/DOT Metro Division would be financing this project out of their own construction and maintenance budgets and putting $1,500,000 per year into these projects. Mr. Mike Riley, 4703 Third Street, stated that his property abuts where the noise wall would be. His concern was the drainage between 47'" and 46 hAvenues. He said there are drains that get flooded on the highway. When the big super rains come, it runs into yards right up to the edge of houses. He asked if the noise wall would provide a dam to possibly shift water from coming into the yards. Mr. Hanson stated that the noise wall would go down to the ground level and may have minimal retention on the highway side. Mr. Riley stated that the problem was that when the grass was cut, the grass would get washed down the drains, build up and catch dirt. He really wanted the noise wall to be constructed. He felt the noise was very loud in his back yard in the evenings and mornings. He said there are many trucks in the morning. He said the noise from the trucks is very loud. He said there has been an increase in traffic since he bought his house in 1991. Mr. Loren Smerud, 4603 Third Street, stated that his backyard would be right down to the wall. He would like to thank Mn/DOT for taking them into consideration and giving them the information they needed. They cannot have neighbors over to visit in the backyard because of the noise. He felt the noise would only keep increasing. From that standpoint, he was in favor of the wall. Because it is up to the neighborhood, he and some others went out to visit residences to sign a petition for supporting the wall. They obtained 83 signatures in support of the wall. He stated that he would leave the list with the names and telephone numbers of the citizens who signed the petition. Councilmember Bolkcom asked Mr. Smerud if he knows how many citizens were not in support of the wall. Mr. Smerud stated that the petition was only for people who were in support of the wall. There were a few who were against the wall, some did not care, but most were in support. He would highly recommend that Council approve the wall. Councilmember Bolkcom thanked him and his neighbors for taking the time to circulate a petition. MOTION by Councilmember Bolkcom to accept the petition. Seconded by Councilmember Barnette. UPON A VOICE VOTE, ALL VOTING AYE, MAYOR JORGENSON DECLARED THE MOTION CARRIED UNANIMOUSLY. Mr. Jeff Jansen, 4727 Third Street, stated that he had a question about the storm water. Twice since 1987 he has had water flood his foundation. He thinks he saw someone from Mn/DOT working on the storm water drainage problem, but he was not sure. He felt that five years from now, the traffic will be twice as bad. He said he wanted the wall built. Mr. Smerud asked how long the walls usually last. Mr. Hanson stated that the wall should last twenty years. Most of the noise walls built up to the present are at least twenty years. If repair is needed, Mn/DOT will come out and reconstruct. They have only had that happen twice in the last 25 years. Councilmember Bolkcom asked if they had to replace any walls. Mr. Hanson stated that the only ones they actually had to replace were on 1-3 5W. Mayor Jorgenson asked what they do with the process of repairing the walls if they have to go through a resident's property to do so. Mr. Hanson stated that they would have to get an easement if they have to, but they have cherry pickers to use to avoid that. Councilmember Bolkcom asked how they could deal with the storm drainage problem. Mr. Flora stated that they have done some work along University Avenue with the drainage system. The water seems to back up when debris gets into the drainage system. Mr. Hanson stated that he could contact their water resource people and then get back to Mr. Flora. Mayor Jorgenson stated that there are several sections of Highway 47 that have this problem any time there is a major rainfall where water is standing on the highway. Part of the problem is due to the maintenance of the corridor. The City is taking on the maintenance all within its boundaries. Councilmember Bolkcom stated that maintaining that corridor should help that problem. MOTION by Councilmember Bolkcom to close the public hearing. Seconded by Council- member Barnette. UPON A VOICE VOTE, ALL VOTING AYE, MAYOR JORGENSON DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE PUBLIC HEARING WAS CLOSED AT 8:28 P.M. NEW BUSINESS: 27. RESOLUTION NO. 108 -1999 SUPPORTING THE CONSTRUCTION OF A TRUNK HIGHWAY 47 NOISE WALL: MOTION by Councilmember Bolkcom to approve the resolution supporting the construction of a Trunk Highway 47 noise wall. Seconded by Councilmember Billings. UPON A VOICE VOTE, ALL VOTING AYE, MAYOR JORGENSON DECLARED THE MOTION CARRIED UNANIMOUSLY. Councilmember Bolkcom thanked residents for coming to the meeting and for their hard work with the petition. The neighborhood speaks. Mayor Jorgenson stated that she lives near I -694 and Highway 65. She lives with that noise everyday, and she understands why the citizens are present with the petitioner and necessary signatures. Councilmember Barnette asked Mr. Hanson when the construction would begin. Mr. Hanson stated that it would probably start in July. Mayor Jorgenson stated that residents should be reminded that the old fence will be coming down. There will be work being done in everybody's back yards, and they need room to work. Mayor Jorgenson asked Mr. Hanson if they would take the old fence down a couple of weeks before it starts. Mr. Hanson stated that a couple of weeks is probably correct. Councilmember Bolkcom stated that everybody will be notified beforehand with a letter. Mr. Hanson stated that was correct. Mr. Curt Nitschke, 4610 Third Street, asked what MN/Dot will do with the old fence. Mr. Hanson stated that they try to salvage it somewhere, but if anyone was interested in getting some of it, a project engineer and the contractor could be consulted. Councilmember Bolkcom asked if the project manager's telephone number would be in the letter that residents receive. Mr. Hanson stated that the project manager engineer would be the main contact. His telephone number and name and date of construction will also be in the letter. Mr. Robert Archer, 4595 Third Street, stated that between 44t` and 45t` Avenues on the east side people were unaware of the wall. Mr. Hanson stated that he should talk to the City of Columbia Heights. The original letter included both the Fridley and Columbia Heights area. Councilmember Bolkcom stated that they could make a copy of the petition and notify Columbia Heights to contact the people to let them know what is going on. Mr. Hanson stated that they would contact Columbia Heights. Fridley HRA HRA TOTALS 2000 Budget Fund Totals Acct Revenue and Expenditure Detail TOTAL HRA TOTAL TOTAL TOTAL REVENUES 4112 2000 BUDGET GENERAL HOUSING TIFS 1000 Tax Incremental S 3,180,680 4131 Health insurance 4132 1000 Property Taxes Life insurance - City Admin expenses 3,180,680 1000 Interest Earnings 265,000 122,000 143,000 - 2000 Rental 509,000 343,000 62,000 104,000 5100 Sale of Real Estate 9,600 9,600 _ - 6100 Miscellaneous 60,000 Professional services - 60,000 4332 TOTAL REVENUE 10,000 S Transportation 10.0 00 _ EXPENDITURES PERSONAL Printing and binding 4,034,180 474,600 215,000 3,344,680 SERVICES: 4101 Full time - regular 4102 Full time - overtime 4104 Temporary - regular 4105 Temporary - overtime 4112 Employees leave 4120 Medicare contribution 4121 PERA contribution 4122 Social security contribution 4131 Health insurance 4132 Dental insurance 4133 Life insurance - City Admin expenses 4150 Worker's compensation - TOTAL PERSONAL SERVICES SUPPLIES: 185 4212 Fuels and tubes 4217 Clothing/laundry allowance 4220 Office supplies 4221 Operating supplies 4222 Repair & maintenance supplies 4225 Small tools and minor equipment - TOTAL SUPPLIES OTHER SERVICES AND CHARGES: 4330 Professional services 4331 Dues and subscriptions 4332 Communication 4333 Transportation 4334 Advertising 4335 Printing and binding 4336 Insurance, non - personnel 4337 Conferences and school 4338 Utility services 4340 Services contracted 4346 Miscellaneous 4350 Payments to other governments 65 TOTAL OTHER SERV AND CHAR CAPITAL OUTLAY: 165 811 4510 Land 4520 Building 4530 Improvements other than bldg 4540 Machinery 4560 Furniture and fixtures TOTAL CAPITAL OUTLAY TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REV OVER EXP OTHER FINANCING SOURCES (USES) Operating Transfers In Operating Transfers Out Transfers to City TOTAL OTHER FIN SOUR(USES) EXCESS (DEFICIENCY) OF REV AND OTHER FINANCING SOURCES OVER (UNDER) EXP S 48,518 48,518 21,326 - 21,326 6,065 - 6,065 853 - 853 2,445 - 2,445 - 3,649 - 3,649 2,620 - 2,620 185 - 185 43 - 43 171,500 171,500 3,014 S - 3,014 - 6 17,5 8718 S 750 250 500 900 400 500 S 1,650 650 1,000 S 253,565 545 173,000 65 80,500 2,561 165 811 380 750 1,100 600 500 1,000 28,500 1,650 17,000 6,500 5,000 1,650 - 8,700 8,700 - 2,600 1,600 1,000 250 - 103,250 15,000 1,250 47,000 250 55,000 181,250 - 15,000 S 598071 204,776 16,250 87,445 165,000 306,750 S 459,378 - 459,378 283,000 4,500 - 278,500 41500 737,878 S 742,378 1,603,217 381,426 177,163 1,044,628 S 2,431,063 S (919,189) S (919,189) S 1,511,874 93,174 37,837 2,300,052 (143,000) (776,189) (143,000) (776,189) 93,174 (105,163) 1,523,863 BUDGET FUND BALANCE 1 -1 -2000 $ 9,803,499 11,298,607 (753,009) (742,099) BUDGET FUND BALANCE, 12 -31 -2000 $ 11,315,373 11,391,781 (858,172) 781,764 HMARAWLIDGET42000 EXPANDED HRA BUDGET DETAIL.xIs)HRA TOTALS 9/30/99 7 HOUSING & REDEVELOPMENT AUTHORITY Memorandum CW OF FR1131" DATE: January 28, 2000 TO: William W. Burns, Executive Director of HRA FROM: Barbara Dacy, Community Development Director Grant Fernelius, Housing Coordinator SUBJECT: Update on Gateway East Project Land Acquisition We are currently waiting for a date for the Commissioner's hearings regarding the condemnation of the Miller and Valvoline properties. Neither party challenged the public purpose of the taking at the initial hearing on December 22, 1999, and we expect transfer of title to take place on or about February 22, 2000. In the meantime we are scheduling soil testing and geotechnical evaluations on each site. The closing on the Fogarty duplex is scheduled for January 28, 2000. Both tenants are still in the property at this time. Our relocation consultant has been working with the tenants to find replacement housing and we expect both to vacate by March 31, 2000. Demolition and Environmental Staff is currently in the process of drafting specifications and soliciting quotes for the demolition of the Cash 'n' Pawn and JR's Automotive buildings. All of the environmental work has been completed on both buildings, however we are still waiting for MPCA approval of our Remedial Action Plan for the Cash 'n' Pawn site. The RAP identifies what steps the HRA will take in the event contaminated soils be encountered during the demolition or construction. At this point, the contamination is far enough below the surface that our consultant believes it won't be a problem. MPCA is also in the process of issuing a site closure letter for Cash n Pawn which in effect is a green light to move forward. Barring any problems, we expect the demolition to take place some time in the next 60 days. HRA MEMOS (FEB. 2000 MTG.).doc Gateway East Update Memo January 28, 2000 Page 2 Developer RFP and Planning Process Staff is currently in the process of preparing a written Request for Proposals guide and developer selection criteria. Additional information will be presented to the HRA at their March meeting. We are anticipating that the solicitation and evaluation process will start in April and be completed by May 2000. Selection of a developer could take place in May or June of this year. In the meantime, a significant amount of city commission and public input will be sought. In mid - February we plan to meet with the Planning Commission to obtain their feedback on the project. Later in the month we plan to conduct a neighborhood meeting to review the project as well. By including the neighborhood early on in the process, we hope to identify as many of pertinent issues before soliciting a developer. In March, we would meet with the HRA and City Council to review all of the input received and then request authorization to proceed with an RFP. Attached for your reference is a matrix that shows the projected schedule of events through 2001. Our goal is to break ground in Fall 2000 with a 12 month build -out to completion. Project Concept At this point, we are focusing on a residential use as opposed to a commercial or mixed -use project. A residential project makes the most sense for a number of reasons. First, from a land use perspective it is more compatible with the surrounding neighborhood to the north and east. Second, it provides a wonderful entrance in the city similar to the Christiansen Crossing project. As you know, last year Mark Koegler prepared several potential town home sites plans for the project. Attached for your reference are copies of those plans. The densities ranged from 14 units to 24 units, depending on the configuration of University Avenue service road. On January 28th we plan to meet with Bill Beard a residential developer to get initial feedback on the proposed town home concept plans and what type of product would be marketable. We will update the HRA on the outcome that meeting on Thursday night. Unless otherwise directed, we will move forward on the Gateway East project as outlined above. M -00 -10 HRA MEMOS (FEB. 2000 MTG.).doc U N �O C � N 5 CL O U 7 '0 CD a) E CL Cl) o CU (D w cu 3 m ca c9 O CL a U O �O 0.. C N U � O U N f!? > +. � N E . N O ca -a w �o m 3 D co C7 S a� W z d 0 a v e c. m a a Juana am" 3 H 4 � 0 . O r- i 0 /.i■ w1a j 57 1/2 Avenue N.E. 0 NIS "Ev .It il — ,A im I 57th Place Cm 57th Avenue N. E. N 0 R T 0 - -....- 50 ' - -- 100 57th Ave. N.E. & University Ave. N.E. Option A' 11-1 Number: DD -48 Al. N.me:W�Prldl.,�DB- .B�.beel,�u ME Fridley, Minnesota 14 Units D.t.s 7 /DB /0D Hoisington Koegler Group Inc. C—U.e DeluU*— far land PI—l" end De.l�n w 15 v C 1 a y L. v 1J ZZ 13 4 5 Tj 57 1/2 Avenue N.E. U I ( 9 10 LAU �o z 11 1Z 15 1& 57th Place i 17 E: 1 115 i Zo 0 1OD0000 a � Gm Im 57th Avenue N. E. N 0 R T i -- — — -- — 0 50 Joa HroJut NumE.r: OB -�tl 57th Ave. N.E. t�: University Ave. N.E. Option B ��J• Y....:a:,�.Jd�.,,,oa- .e,.ee.4 u e o.a: �; ue,�ce Fridley, Minnesota 20 Units lioisington Aoegler group Inc. M1•.111. MIMI... r.. um Pl.nnl., ..a o..Iff. I ay UDD0O 57th Avenue N. E. NORTH 0 BD Loo Projnt Number Y8 -4B 57th Ave. N.E. & University Ave. N.E. Option C Pile Nemet,l. \P.Iala, \oB- {B \.eea� \U mm Detw 9 /ae /Y" on Fridley, Minnesota 22 Units Hoisington Koegler Group Inc. CmUm 9olutlone for Land Planning end Deallu w z a a a s~ d > .q i i I 12 57 1/2 Avenue N.E. 15 W z v �Iw 18 21 3 57th Place A O 5C?-1, 8 0 ® ot, o BOUND a a 57th Avenue N. E. NOHTH a ;,p 100 rr.1..f nu�u6ar vn +n ®® 571.11 Ave. N. E. & University Ave. N. E.. UNliou U Fridley, Minnesota 24 Units IloisiugLuu hoegler Group like. C—U- e.WU.- far L—d YI—L., .ud 11..1 {u FRONT DAaK NORTH 0 60 100 57th Ave. N.E. & Universit Prol -L Number. 98- 48 y Ave. N.E. Elevations FR. N .me:Y: \Frldle7 \DB— �B \.hael.'•,� �® B.le: 7/De /De Fridle Minnesota Yf lioisington Koegler Group Inc. C ..U" W.U." for L-4 PIuW.a .ue D.mg. w Ji HOUSING & REDEVELOPMENT rL AUTHORITY Memorandum CWOF FMDLH DATE: January 28, 2000 TO: William W. Burns, Executive Director FROM: Barbara Dacy, Community Development Director SUBJECT: Medtronic Update There are a number of issues to update the Authority next Thursday related to the Medtronic project: • Closing and Title issues • Upcoming meeting with Medtronic • Interest from Hotel Developers • Potential for Partnering with Columbia Heights Closing and Title Issues The closing on the remainder of the property occurred the last week of December 1999. Medtronic paid the Authority approximately $44,989.70 as the "land holding payment" consistent with the development agreement. In exchange, the Authority has received a note for approximately $5,000,000 in payment for the land. Resolving a variety of title issues is the remaining task. One of the issues was resolving the actual name of the Authority to satisfy the Examiner of Titles at Anoka County. Other issues include insuring that old easements have been properly vacated, and also of interest is an old lease that was recorded against the property, for a billboard. Krass Monroe is requesting the Examiner to remove it from the title records, but there is no termination date in the lease, so the Authority may have complete a "proceeding subsequent" to officially remove it from the Torrens certificate. More information will be available for the March meeting. Medtronic Meeting Medtronic is very concerned about the status of possible improvements to TH 65. Attached is a letter from Donn Hagmann expressing that concern, as well as a copy of the letter in response to Mr. Hagmann. A meeting has been established for Thursday morning, February 3. An update will be provided to the Authority. The City has not yet heard as to the outcome of its federal funding application. Hotel Interest On January 10, 2000, staff met with CSM, a national development and property management company. Dan Walsh of their office contacted the City interested in pursuing a site for a hotel. Attached is a synopsis of the tour of some of the CSM hotel sites in the metro area. LL'J Medtronic Update January 28, 2000 Paqe 2 CSM is a franchisee of Marriott products and because they are developers, they can add amenities to their projects not typical of other Marriott developments. We toured the extended stay facilities in Roseville (The Residence Inn, which Medtronic uses from time to time), the Town Place Suites in Eden Prairie (designed for stays over 30 days), and the limited service hotel, the Courtyard on 494 in Bloomington. CSM upgraded several aspects of this type of hotel including an upgraded lobby appearance, added a full service restaurant, and small meeting room facilities. CSM appears to be well qualified to complete these types of projects. Their interest in the lodging industry was started in 1996. Both types of hotel services, both extended stay and limited service, are becoming popular to develop in tandem. The Bloomington example has a Residence Inn immediately behind the Courtyard. In Eden Prairie, CSM is developing another limited service product immediately adjacent to the Town Place Suites called Spring Hill. Mr. Walsh will be contacting Medtronic for a potential meeting sometime in the immediate future. Staff will update the Authority as to the outcome of this meeting. In short, staff was impressed with CSM's developments. Working with Columbia Heights Councilman Billings, Commissioner Kordiak, and an elected official from Columbia Heights met in mid - January to initiate discussion about the feasibility of developing a joint community analysis of the impacts from the Medtronic project. As a result, there could then be a coordinated approach to deal with the variety of impacts that would ultimately benefit both communities. It was determined that the Community Development Directors would meet and identify the potential outcomes of the study and a recommended process, which might include some type of joint citizen task force to assist both cities. Another meeting to review these results would be scheduled in the near future, and a determination would be made at that time if the idea has merit. No action is needed by the Authority on any of these issues at this time. M -00 -16 A NOTES FROM JANUARY 10, MEETING WITH DAN WALSH — CSM CORPORATION 1. CSM is an official franchisee of the Marriott products, and manages hotels across the country. 2. CSM entered into the lodging industry about four years ago, when one if its principals decided that it was worthwhile to pursue becoming a franchisee and making the hotel element part of its development projects. 3. CSM, as a franchisee has the ability to add interior and exterior upgrades to the different types of hotels offered by Marriott. 4. The first site that was toured was the Residence Inn, in Roseville, on the east- side of 35W in the Center Pointe Development. The Residence Inn has the following characteristics: • Customers usually stay for two -four weeks. • A complimentary breakfast is served. The breakfast was recently upgraded from a continental style to a Belgian waffle, eggs, and bacon type of breakfast (it certainly smelled good). • About 25 employees serve a typical Residence Inn. • A studio and one and two bedroom suites are available. • A full kitchen is offered with the one bedroom and two bedroom suites. • The Residence Inn offers personalized grocery shopping service for customers at Byerlys. Staff reported that there are a lot of international customers; therefore, the need to purchase a variety of foods, and having Byerlys close by was a definite advantage. • Shuttle service is provided from the Residence Inn to area business within a radius of five miles. • There are three floors in this complex, with 108 units. • Medtronic uses this facility for some of its employees who are in "training" typically, Medtronic employees stay for two Y2 weeks. • Typical occupancy averages at 72 percent. • A fitness center is provided as well as, an indoor pool, and laundry service. Outdoor pools are typical of the Marriot product. CSM made a decision to construct it indoors. • The two bedroom suites have fireplaces on the second and third stories. • An outdoor area for gatherings and barbecues was also provided. 5. The next site that was toured was the "Mail of America site" where a Marriott Courtyard is provided along side a Residence Inn. These two facilities were developed in the summer of 1998. The Courtyard facility is a limited service hotel, with approximately 200 units. CSM upgraded the typical Courtyard lobby to look like a full service hotel lobby. Hotel employees reported that some of their customers were very impressed with the hotel lobby. In fact, some people go outside of the building, and look at the sign to verify they are in the right place! A bar is provided in the lobby from 5 p.m. to 1 a.m., and has been very successful. This is typically not done in limited service hotels. • A full - service restaurant is also provided which is open from 6 a.m. to 10 p.m. It offers a breakfast buffet as well as menu service. Lunch and dinner are also provided. This is another feature that differentiate CSM from a typical Courtyard. • Six meeting rooms are provided with a capacity of each room of about 40-48 people. • A full compliment of audiovisual rental and equipment is available. • Hotel Management stated that their market has primarily come from customers that typically frequent a full - service Marriott. Also, because of their location next to the Airport, they do handle a lot of "distressed" travelers that may have to stay over night before getting on a new flight. • There are 80 employees who work at the Courtyard; a lot of those are part- timers. • An indoor pool and fitness area are provided. • There is a demand for a double size Jacuzzi. • Male and female showers and locker rooms are also provided. • Typical average occupancy for the Courtyard is 82 percent. Hotel Management believes that this is the highest occupancy on the 494 strip. • Underneath the Courtyard structure is underground parking of about 44 spaces. During the winter Management will lease these spaces for $6 per night. • The Courtyard construction was concrete block as opposed to the Residence Inn and other products that are typically stick construction. • The Hotel Management likes the fact that the Courtyard and Residence Inn can be located immediately adjacent to one another because they compliment each other and sales staff can "cross sell" clients. • Typically, most courtyard products are three stories and more sprawling in their building footprint. The Mall of America site is several stories tall and more compact and efficient. A similar product is being offered in Boston and Seattle. • Hotel Management is evaluating the need to rent more trunk phone lines to enable small personal computers to be located in each of the Courtyard units. 6. The next site we toured was the Town Place Suites in Eden Prairie. The Town Place Suites is a longer -term stay facility where customers stay more than 30 days. • A weekly fitness plan is coordinated with the nearby Northwest Athletic Club. • The Town Place Suites in Eden Prairie is number eight out of 66 Town Place Suites constructed throughout the County. • The Town Place Suite product was initiated in 1998, so there has been a rapid deployment. • CSM is also constructing the Spring Hill Product, which is a limited service hotel. It is not unusual to build a limited service hotel component along side the extended stay facility (Bloomington is another example). • An outdoor pool was provided at the Eden Prairie Town Place Suites. • The architecture was designed to recreate a townhome feel "and main street look ". • As opposed to a typical hotel, housekeeping services are only provided two times a week. • A studio room begins at $1,450, or $49.50 per night. • There is a 24 -hour staff available. • Occupancy averages at 83 percent. • CSM created a concept of a 1- bedroom suite with a "separate working space area ". • Competitors in the over 30 -day extended stay market are the Homestead companies, and the America Suite Company, but they are a lower cost facility. • CSM is also pursuing °Heartyplank° or a painted cedar siding on its developments. They would also like to use more brick than the typical construction product. 7. Dan Walsh reported that in terms of siting a hotel, CSM looks for the demand generators of businesses that require extended stay or nightly stays. It also seeks sites that have high visibility and good access. They like to be located immediately next to corporate sites and attract the corporate relocation employee market. Typically, in other parts of the country they are near high tech types of offices. 8. CSM being affiliated with the Marriot products have the ability to build the following: • Limited service, this includes the Spring Hill and Courtyard products. • The extended stay facilities, this is the Residence Inn and the Town Place Suites. • Full- service hotel would be the Ritz Carlton and the Marriot. CSM also does some work with Hiltons in other parts of the country. The Hilton Garden Inn is an upperscale competitor. 9. CSM started in the multiple construction family area, and has since diversified into commercial, industrial, and most recently the lodging industry. 1 r f NN December 23, 1999 Bill Burns City Manager City of Fridley 6431 University Avenue NE Fridley, MN 55432 Dear Bill, Medtronic, Inc. 3350 '.;aora Street N* Shoreview. %IN 55126.2973 L:Sa %- a- .v..nedtronic. corn te. i.i.il�.3004 On behalf of Medtronic, Inc., we are formally requesting the City of Fridley to work in conjunction with all State and Federal agencies to address projected traffic problems on State Highway 65. This will affect our 800,000 square foot Rice Creek campus, and our master - planned 1,000,000 square foot Lake Pointe site currently under construction. During the master - planning stage of our Lake Pointe development, Medtronic commissioned an Alternative Urban Area -wide Review (AUAR) as part of the State and local approval process. There were several issues that surfaced in the AUAR that will inhibit Medtronic's ability to systematically grow into the site. On September 16, Medtronic's Chairman & CEO, Bill George, met with Ted Mondale and Commissioner Tinklenburg to discuss these issues and begin the process to determine a solution. The issues are: A traffic study done by SRF, a local consultant, suggests Highway 65 will need a Parkway, north across Moore Lake to Mississippi Street, approximately one mile. The SRF study indicates this upgrade will be needed regardless; however our Ph aea TW0 plan of adding 300 000 cn1 inre feat and 1 inn= n �mDl Y In 3 moves up that inevitable road improvement by several years._ The Development Agreement between the City of Fridley and Medtronic indicates the arrangement was negotiated on the context that Medtronic would absorb all unique on -site improvements such as parking ramp, soil correction, road improvements, etc. Currently the estimated cost is over $75 million dollars over three phases of potential expansion. Conversely the public sector would absorb all off -site infrastructure costs under which State Highway 65 clearly falls Thus far the City has been authorized through the State Lien Grant Fund in 1999 to begin the engineering analysis for this project. We have Bard that estimates ran ingfrom $4 to $7 million dollars will be needed to fift develop these road improvements. W "hen Life Depends on Alledical Technology 4 2. When our Phase One development is complete and we bring an additional 1,100 employees into the traffic mix, we request that MNDOT consider modifying the _ragtp meters and lights to and from 1694 to negate backups indicated from the SRF study. We would like to arrange a meeting in the near future to discuss the next steps. Please call me at 612- 514 -2335. Best regards, Donn Hagmann Real Estate Director DH:kv /ref.99.103 1 Clil'OF FRIDLEY FRIDLEY (MUNICIPAL CENTER • 6431 UNIVERSITY AVE. N.E. FRIDLEY, MN 55432 • (612) 571 -3350 • FAX (612) 571 -1287 January 12, 2000 Donn Hagmann Real Estate Director Medtronic Inc. 3850 Victoria Street N. Shoreview, MN 55126 -2978 Dear Donn: Happy New Year! Thank you for your letter dated December 23, 1999 formally requesting the City's assistance to address the traffic concerns on TH 65. Your letter asked that I call you to set up a meeting, and I will do that, but I also wanted to respond to you in writing to report on the City's progress regarding the two issues identified in your letter. First, I am happy to report that the City has made significant progress toward addressing the first issue identified in your letter. I have enclosed a copy of the federal funding application that the City submitted in September 1999 requesting $5,500,000 in federal funds to construct an additional north and southbound lane on TH 65 from the Medtronic Parkway intersection to just north of the Moore Lake Drive intersection. The federal funding program will require an additional S 1,400,000 of a "local match" to fully fund the 56,900,000 project. Preparing this application required the following investments on the part of the City: • The Fridley HRA paid for a preliminary soil study in March 1999 to determine if the soils undemeath the causeway were suitable to support "sheet pile walls" which would provide the outer edge of the additional lanes. • The Fridley HRA paid for a subsequent engineering analysis that expanded on the original soil work analysis to develop a preliminary design of a "sheet pile wall ". The study also resulted in a preliminary cross section of the project depicting the additional lanes. • City staff met with MnDOT personnel, Met Council and Transportation Advisory Board Members, and other affected agencies to develop support for the federal funding application. • The Fridley HRA hired a consultant to prepare the application. • City staff (Barbara Dacy) prepared a successful comprehensive plan amendment to identify the project as a top transportation priority for the City. As you know, Section 6.9 ( "TH 65 Improvements ") of the agreement between the City of Fridley and Medtronic permits Medtronic to complete the entire campus construction despite the status of the TH 65 improvements. Other cities have required private property owners to participate financially in highway improvements as conditions of development approvals. The City, by agreeing to this language, has fully cooperated with Medtronic's request to insure that the private sector is not responsible for public improvements. This section also states that Medtronic "will assist the City in securing matching funds by cooperating with the City in its request for grants from the State, including the programs offered by the Minnesota Department of Trade and Economic Development ". You should be aware that engineering fees run 10% to 15% of the project cost, so the 5500,000 grant which was promised by the Legislature last year will not cover all of the engineering expenses, nor the $1,400,000 in matching funds required by the Federal application requirements. The City will be aggressive in soliciting state funding for the "local match" and other costs, but the City, as in the paslp by cooperating with grant applications. The work cited in the bullet list above represents over $ 5,000 in consultant costs to either the City or the HRA. The City has worked aggressively on TH 65 issues for the last year and will continue to do so. The competition for federal funding is fierce. There are over 300 applications and a limited amount of funding. The Metropolitan Council will decide on the fimding applications some time in February. If we are not successful, we may have to cooperate again on approaching the Legislature. At this point, however, we must wait for the Met Council to make their decision. In regards to issue two of your correspondence, the City is more that willing to meet with you and MnDOT staff to find a solution to the stacking issues at the HOV lights on the entrance ramps at I -694. My staff has reported to me that MnDOT staff has been responsive and helpful to date, especially when Medtronic requested its access to the Rice Creek Campus. Donn, I look forward to meeting with you. I will call you to set up a meeting. Sincerely, William W. Burns City Manager s e CSM Lodging 2575 University Ave. W., #150 • St. Paul, MN 55114 -1024 • (651) 646 -1717 • Fax (651) 603 -7671 January 11, 2000 Ms. Barbara Dacy Director Community Development City of Fridley 6431 University Avenue NE Fridley, Minnesota 55432 RE: Hotel Development Opportunities in Fridley Dear Barbara: I enjoyed our hotel tour yesterday and the chance to learn more about the opportunities for development in Fridley. It was evident that your group has a vision for the community, and the Medtronic project is a tremendous step in achieving your goals. I have enclosed photographs of our Courtyard by Marriott hotel in Portland as well as a Hilton Garden Inn that we recently opened in Scottsdale. I think these pictures provide another illustration of the type of hotels that CSM develops. I hope to meet with Donn Hagmann in the next two weeks, and I look forward to discussing a potential hotel with you in more detail at that time. Thanks again for your time yesterday. We look forward to working together in the near future. Ve ruly Y , ani�I�W al h Hotel Development Manager HOUSING & REDEVELOPMENT AUTHORITY Memorandum CMO, FR IXff DATE: January 28, 2000 TO: William W. Burns, Executive Director of HRA FROM: Barbara Dacy, Community Development Director Grant Fernelius, Housing Coordinator SUBJECT: Remodeling Advisor Update We are disappointed to report that Ginny Harrington is stepping down as the Remodeling Advisor, effective February 11, 2000. Ginny has been with the HRA since July 1999 and can no longer commit to the 24 hour per week schedule for non -work related reasons. We have already initiated the recruitment process and began advertising this past weekend. Our goal is to have a replacement on -board by early March in time for the North Metro Home and Garden Fair on March 18"'. Ginny has been a wonderful employee to work with over the past 7 months. In addition to consulting with residents on their home improvement projects, Ginny has helped plan the home show, revised the Rambler Remodeling Guide and coordinated our building demolition projects. We will miss her active involvement in our housing programs and fun presence around the office. No action is needed by the HRA at this time. M -00 -13 HRA MEMOS (FEB. 2000 MTG.).doc 11 HOUSING & REDEVELOPMENT W M AUTHORITY Memorandum MM E DATE: January 28, 2000 TO: William W. Burns, Executive Director of HRA FROM: Barbara Dacy, Community Development Director Grant Fernelius, Housing Coordinator SUBJECT: Follow -up to Discussion on Eligible Improvements This is a brief reminder to the HRA that we have not forgotten about our previous discussion on eligible improvements, particularly decks, porches and other exterior improvements. As you recall, this issue was raised by the HRA last fall in response to a loan that had been made. In evaluating this issue at the staff level, we decided to include a question in the upcoming Council- Commission survey. We believe this is an excellent forum for defining the issue and gauging the sentiment of our elected and appointed officials. We look forward to the survey results and further discussion with the HRA. M -00 -14 12 HRA MEMOS (FEB. 2000 MTG.).doc HOUSING & REDEVELOPMENT AUTHORITY Memorandum CIWOF Date: January 28, 2000 To: William W. Bums, Executive Director From: Barbara Dacy, Community Development Director Subject: Council Commission Survey Its that time of year again! On February 4, 2000, the City Manager's office will be sending out the Council Commission survey to the Authority and other Commission members. In a previous email, I sent a copy of the 1999 questions. The City Council will be reviewing the 2000 questions at their Conference Meeting on January 31, 2000. There are several questions relating to redevelopment issues. The Council wants to meet with certain commissions about the outcomes of the survey in March. The City Manager will be reviewing potential dates with the City Council on Monday night. One option is to have a dinner meeting prior to the regular meeting on March 2, 2000. The Council however may have a number of meetings that week; so another update will provided Thursday evening. No action is needed on this item. M -00-17 13 HOUSING & REDEVELOPMENT AUTHORITY Memorandum DATE: January 28, 2000 TO: William W. Burns, Executive Director of HRA FROM: Barbara Dacy, Community Development Director Grant Femelius, Housing Coordinator SUBJECT: Update on Miscellaneous Property Acquisitions rij 1 At the December HRA meeting, the HRA authorized the acquisition of several commercial and residential properties. As you recall, since we could not close all of the transactions by the end of the year, we placed the funds in escrow with Old Republic Title Company. The following is a progress report on those acquisitions. Residential Sites A closing was conducted on 630 Ely Street on December 22, 1999. The property was a HUD foreclosure and will be torn down in the next 60 to 90 days. Closings are scheduled for January 28, 2000 for 571 Lafayette Street and 6175 East River Road. The sellers will continue to occupy the properties, rent -free, for up to 6 months while they find other housing accommodations. This arrangement was offered as an incentive to sell their homes. Both sites will be demolished once the homes are vacated. Vacant Commercial Sites We are currently in the process of completing soil testing and geo- technical analysis on the three vacant lots along Old Central. Once those reports are finalized, we will assess any soil correction costs and whether it is prudent to proceed with the closings. The HRA can back -out of the purchase agreement (at no cost) if the costs are too high. Werner's Furniture Site Our environmental consultant is finalizing the Phase 1 Assessment of the site and should have the report done by the end of this month. Staff will review that information and evaluate whether the closing should proceed. Based on the preliminary walk - through it doesn't appear that there are any significant environmental issues. We will have an additional update at the March HRA meeting. M -00 -11 HRA MEMOS (FEB. 2000 MTG.).doc 14 To: HRA BOARD CC: BARB DACY From: JULIE VOGEL, CPA Date: 12/27/99 Re: REVIEW OF DEC 99 CHECK LIST QUESTION