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HRA 09/01/2005 - 6202CITY OF FRIDLEY HOUSING & REDEVELOPMENT AUTHORITY MEETING Thursday, September 1, 2-005 AGENDA LOCATION: Council Chambers (upper level) CALL TO ORDER: ROLL CALL: APPROVAL OF MINUTES: August 4, 2005 CONSENT AGENDA: ConsiderClaims & Expenses ............................................................ ..............................1 ACTION: ApproveHRA Levy for 2006 .............................................................. ..............................2 Award demolition contract for Gateway West ........................................ ..............................3 Approve selection of Developer for Gateway West ................................ ..............................4 Approve Interfund loan between General Fund & TI District # 18 ............. ..............................5 INFORMATION ITEMS: Islandsof Peace update .................................................................. ..............................6 MonthlyHousing report .................................................................... ..............................7 ADJOURNMENT: CITY OF FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY AUGUST 4, 2005 CALL TO ORDER: Chairperson Commers called the Housing and Redevelopment Authority meeting to order at 7:30 p.m. ROLL CALL: Members Pesent: Larry Commers John Meyer Pat Gabel William Holm Virginia Schnabel Others Present: Paul Bolin, Assistant HRA Director Paul Eisenmenger, Accountant Gay Cerney, HRA Counsel Mark McCary, Yale Place Associates APPROVAL OF MINUTES: July 7, 2005 MOTION by Commissioner Holm, seconded by Commissioner Gabel to approve the minutes as submitted. UPON A UNANIMOUS VOICE VOTE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED. CONSENT AGENDA: Consider Claims & Expenses MOTION by Commissioner Meyer, seconded by Commissioner Schnabel, to approve the consent agenda. UPON A UNANIMOUS VOICE VOTE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED. ACTION: • Consider the Gateway West Requests for Proposals (RFP) HOUSING AND REDEVELOPMENT AUTHORITY MEETING — AUGUST 4, 2005 Page 2 of 7 Mr. Bolin reported the Gateway West RFP's were due on July 22, but only one proposal was received from Family Lifestyle Development Corporation. Staff is recommending the HRA reject this proposal as it lacks variety in home designs, the proposed homes do not fit with the existing homes -and the developerjs not willing to pay anywhere near the $50,000 per lot minimum. Staff also recommends that the HRA give them the ability seek out developers that can build exactly what the HRA would like to see in that area. Since the RFP deadline passed, two different builders contacted staff to express an interest in this project. MOTION by Commissioner Gabel, seconded by Commissioner Meyer, to reject the proposal from Lifestyle Development Corporation. Commissioner Meyer questioned if the HRA should consider reducing the $50,000 per lot figure or the square footage requirements. Mr. Bolin stated staff hoped that the $50,000 would be the minimum per lot to recover some of the costs of this project- Staff did not plat out the lots for this development, but left that for the developer's discretion. There is a 60 foot wide lot minimum in that area so the size of the home is limited by the setback requirements on that lot width. There are no maximum or minimum square footage requirements for the homes. Commissioner Schnabel questioned of zero lot lines is a possibility for this project. Mr. Bolin explained that zero lot lines are typically used in a town home setting. He believed that a good sized home can be built on a 60 foot wide lot and still meet all the setback requirements. He added that the HRA's goal has been to have homes built that add value yet aren't so completely different from the existing housing in the neighborhood. Zero lot line homes would be a dramatic change. He further explained that he talked with the HRA counsel and was advised that the HRA is well within its rights to pursue other developers, now that the RFP deadline has passed. UPON A UNANIMOUS VOICE VOTE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED. • Approval to partner with Bancor Group Mr. Bolin stated the request for qualifications for the Islands of Peace Park brought responses from three good developers. At the HRA's joint meeting with the City Council on July 8, the three developers met with the HRA and Council. All three developers are capable of doing large developments. Staff has checked the references and viewed projects by each developer and recommends the Bancor Group. They offer the most flexibility in the type of housing products. All three developers have the financial ability, but Bancor Group has the patience to work on this type of project. Also the Bancor Group received rave reviews in their ability to work with cities and make the City a part of the development team. Bancor will work with the City to determine if this is a project HOUSING AND REDEVELOPMENT AUTHORITY MEETING — AUGUST 4, 2005 Page 3 of 7 the City even wants to pursue. Staff presented their recommendation to the Council at its July 25th meeting and they voted unanimously for the Bancor Group. Staff will be working with the HRA counsel to develop whatever agreements are necessary to form this partnership and take that next step in investigating the feasibility of doing this project. Commissioner Commers questioned what this agreement will cover. Mr. Bolin explained the content of the agreement will be determined over the next few weeks but the focus will be to have an exclusive agreement with the City / HRA to work with Bancor Group on investigating doing the Islands of Peace project. Ms. Cerney stated she and Jim Casserly, co- counsel, believe it would be a good idea for the HRA and Bancor to have an exclusive negotiations agreement. What that does is gets a developer on board to start assisting the HRA in assessing the market for different housing products, feasibility analysis and timing. What can be done in the agreement is include specific goals and progress that must be made by certain dates and if that's not happening, the parties can walk away. If progress is being made, then the HRA and Bancor can start working toward a redevelopment agreement including property acquisition. Commissioner Holm questioned if the HRA will be paying the Bancor Group for their initial efforts on the project. Mr. Bolin stated that with this initial agreement he would not anticipate the HRA would incur a cost. A benchmark can be established so that there are specific timeframes to decide whether or not to move forward with the project so the HRA has an "out". Commissioner Meyer questioned where the HRA would get the money to develop an area as large as the Islands of Peace. He believed that the HRA "has the cart before the horse" by pursuing a developer without the funds to proceed with such a project. Commissioner Commers commented it is his understanding that the purpose of the agreement with Bancor at this time is to determine the feasibility of this project and what kind of investment will be required. Commissioner Meyer asked what the approximate costs would be to purchase the buildings on the Islands of Peace site. Mr. Bolin responded there is a total of 13 properties the HRA would need to acquire at an estimated to be $11.5 million plus $1.4 million in relocation costs. Staff has had appraisals done of three different properties and have had lengthy discussions with the City's relocation expert and they believe their numbers are as accurate as they can be on the acquisition and relocation expenses. What is needed at this point is information from a developer as to what they would build on this site and what the anticipated values will be in order to have a clear picture of the surplus or deficit. HOUSING AND REDEVELOPMENT AUTHORITY MEETING — AUGUST 4, 2005 Page 4 of 7 Commissioner Schnabel questioned what type of housing is being proposed for this site. Mr. Bolin responded that is not known at this point in time. In order to make the numbers close to breaking even, there will have to be some density on this site. If the City wants any assistance from the Metropolitan Council some units will have to be made more affordable than market rate and there may be a mix of some rental units as well. Bancor has done a number of such projects where high -end home ownership was mixed with rental- components for a successful development. Commissioner Gabel commented that the HRA needs the assistance of Bancor to determine whether or not to move forward with this project and since there is no financial risk to the City she believed the HRA should accept staffs recommendation. Chairperson Commers stated there was a motion and a second to approve the staffs recommendation to select Bancor Group and he called for a vote. UPON A FOUR TO ONE VOICE VOTE WITH COMMISSIONER MEYER VOTING NAY, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED. Target Northern Operations Center Mr. Bolin stated over the past few months there has been several discussions regarding Mark McCary's interest in the Target Operations Center. Mr. McCary believes this site is at least 100 parking stalls short of meeting the needs of potential occupants for the vacant building. Mr. McCary was granted Council approval for smaller parking space widths and for the construction of a parking ramp. In 1984, Target and the City entered into development agreement. Target owns the land directly beneath the building but all the property around the building, including the parking lot, is known as Parcel B which is owned by the City. As a part of the development agreement, Target was required to make lease payments to the City for Parcel B in the amount of $15,000. The agreement also required Target to purchase the land in 2014 for $300,000. Rather than write a check to the HRA for $15,000 each year, Target purchased and had placed in the HRA's name a $135,000 Treasury Bond which yields $15,000 per year. Initially Mr. McCary asked the HRA sell the parking lot to him now for $1.00 rather than 2014 for $300,000. Mr. McCary believed there was a need for such a discounted price, but over the past couple of weeks, staff and legal counsel has worked with Mr. McCary and all have agreed to the following: 1) Target will release any claims it has _against the Treasury Bond, which Target has agreed to do. 2) That Target be released from the development agreement and Mr. McCary's group will then take over those obligations. 3) The City & HRA will waive their right to construct a ramp on this site. 01 HOUSING AND REDEVELOPMENT AUTHORITY MEETING — AUGUST 4, 2005 Page 5 of 7 4) The City & HRA will grant an access easement from 5t' Street. Currently there is a shared driveway for access to this site and the lower level municipal ramp. 5) Legal counsel recommended Mr. McCary purchase the property for the $300,000 figure as per the original agreement. (One change written- into the agreement is giving the right to Mr. McCary to purchase the property prior to 2014 if he desires to do so.) Mr. Bolin stated legal counsel and staff have thoroughly reviewed the development agreement changes and the access agreement and recommend the HRA approve the resolution that makes the changes in the second supplement to contract per private development and lease purchase agreement. Part of the second supplement includes the access easement agreement and the Council will take action on this as well. Chairperson Commers questioned if Mr. McCary wants to build the parking ramp prior to actually purchasing the property and what the tax consequences would be. Ms. Cerney responded that new buildings and improvements on the property would be similar to a fifteen year ground lease. Mr. McCary would own the improvements and the HRA would continue to own the land until such time as he purchases the property. The tax consequences would be that even though the property is owned by the HRA once it comes to private use the HRA would be required to make a payment in lieu of taxes and it would go on the tax role as taxable property. If there is a concern, this can be negotiated, but in the current agreement as Target would have had the ability to construct the ramp. Mr. McCary commented that the agreement with Target identified a Parcel 133 which is the area deemed to be the location for the construction of an unlimited amount of structured parking to be constructed by either Target or the City or a combination of both. Chairperson Commers was concerned about the tax exposure for the City if the ramp is constructed but the property is not sold until 2014. Mr. McCary pointed out that condition exists now under the agreement with Target. Commissioner Schnabel pointed out that Section 4, Page 5, of the current agreement includes a statement regarding the ramp construction and that Target will assume full responsibility for the tax obligation. Mr. McCary stated he was not aware of that portion of the agreement. Chairperson Commers thought the HRA should approve the agreement presented by staff subject to getting some resolution to this issue. HOUSING AND REDEVELOPMENT AUTHORITY MEETING — AUGUST 4, 2005 Page 6 of 7 Ms. Cerney agreed that there should be a determination as to the developer's time table for building the ramp, what the anticipated value of the ramp is and what the tax consequences would be. Mr. McCary stated he would be happy to work with the City to address this issue Ms. Cerney stated for purposes of facilitating Mr. McCary's transaction it is important to know that the framework we have is acceptable and the remaining piece can be ironed out. If a motion is made to approve and an agreement regarding the tax issue cannot be reached, this will have to be brought back to the HRA. MOTION by Commissioner Schnabel, seconded by Commissioner Gabel, to approve the second supplemented contract for Target Development and lease purchase. UPON A UNANIMOUS VOICE VOTE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED. • Resolution to adopt and approve modifications to redevelopment plan and existing TIF plans, creating TIF District #18. Mr. Bolin this resolution will allow staff to move forward with demolition of the properties and has become critical because of vandalism of the buildings. The Council set the public hearing on this item for their August 8 meeting with the second reading scheduled for August 22. State statute requires that the HRA adopt a resolution prior to City Council taking action. Chairperson Commers suggested staff prepare an analysis comparing project budgets and actual expenses. MOTION by Commissioner Gabel, seconded by Commissioner Holm, to approve the resolution modifying redevelopment plan for Redevelopment District No. 1 and adopting TIF plans for TIF District #18. UPON A UNANIMOUS VOICE VOTE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED. INFORMATION ITEMS: • Monthly Housing Report Mr. Bolin stated July was very good month for the housing program with 6 applications sent out and closings on five new loans. There are a total of 14 loans so far this year compared to 16 loans for the entire year of 2004. Currently there are three delinquent loans in the amount of $2,700 for loans totaling just under $16,000 which is less than 2% of the total loans. The Remodeling Advisor completed two appointments in July. HOUSING AND REDEVELOPMENT AUTHORITY MEETING — AUGUST 4, 2005 Page 7 of 7 Mr. Bolin reported that the HRA had asked him to determine the value of the portion of the Columbia Park Clinic parking area that is owned by the City. The land is valued at $119,000 and with the improvements the value is $137,000. ADJOURNMENT: MOTION by Commissioner Holm, seconded by Commissioner Meyer, to adjourn. UPON A UNANIMOUS VOICE VOTE, CHAIRPERSON KUECHLE DECLARED THE MEETING ADJOURNED AT Respectfully submitted by, Rebecca Brazys Recording Secretary DATE: September 1, 2005 TO: William W. Burns, Executive Director of HRA 0 FROM: Paul Eisenmenger, HRA Accountant Paul Bolin, Assistant Director of HRA SUBJECT: Consider HRA Tax Levy for Taxes Payable in 2006 Since 1996, the HRA has utilized a tax levy to help support its housing rehabilitation programs. The levy is equal to .0144% of the taxable market value of all real estate and personal property in the City. The 2006 tax levy will allow the Authority to collect approximately $343,135. In terms of the impact on taxpayers, the levy would cost $28.80 per year for a home valued at $200,000 and $144.00 per year for a commercial property valued at $1,000,000. This tax levy was originally implemented to help fund the HRA's revolving loan program. In 1997, the City made a loan of $1.5 million to the HRA to capitalize the loan fund. In turn, the tax levy was used to make the debt service payments. The principal balance of the loan is now $480,123. The City Council must consent to the levy, at their September 12th meeting, before it can be placed on the tax rolls. As a final note, the HRA tax levy must be certified to the County Auditor by September 15, 2005. Recommendation Staff recommends that the Housing & Redevelopment Authority approve the attached resolution consenting to the HRA tax levy for taxes payable in 2006. Attachment HAFT RA resolutions\Annual HRA memo for HRA Tax Levy.doc HRA RESOLUTION NO. 2005-04 A RESOLUTION ADOPTING A 2005 TAX LEVY COLLECTIBLE IN 2006 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. The Authority is authorized by Minnesota Statutes Section 469.033 to adopt a levy on all taxable property within its area of operation, which is the City of Fridley, Minnesota (the "City "). 1.02. The Authority is authorized to use the amounts collected by the levy for the purposes of Minnesota Statutes Sections 469.001 to 469.047 (the "General Levy "). Section 2. Findings 2.01. The Authority hereby finds that it is necessary and in the best interests of the City and the Authority to adopt the General Levy to provide funds necessary to accomplish the goals of the Authority. Section 3. Adgption of Lew 3.01. The following sums of money are hereby levied for the current year, collectible in 2006, upon the taxable property of the City for the purposes of the General Levy described in Section 1.02 above: Total General Levy: .0144% of Taxable Market Value Amount: Maximum Allowed by Law Section 4. Report to City and Filing of Levies 4.01. The Executive Director of the Authority is hereby instructed to transmit a certified copy of this Resolution to the City Council for its consent to the General Levy. 4.02. After the City Council has consented by resolution to the General Levy, the Executive Director of the Authority is hereby instructed to transmit a certified copy of this Resolution to the County Auditor of Anoka County, Minnesota. PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA THIS 1 ST DAY OF SEPTEMBER 2005. Lawrence R. Commers, Chairperson ATTEST: William W. Burns, Executive Director ACTION ITEM ri HPA MEETING OF SEPTEMBER 15 2005 CRY OF FRUREY Date: August 23, 2005 To: William Burns, Executive Director From: Paul Bolin, Asst. Executive HRA Director Subiect: Gateway West — Awarding of Demolition Bid M -05 -86 Staff had previously believed that a demolition contract, for Gateway West, could be awarded without a formal bidding process. After preliminary talks with 3 different demolition contractors it became apparent that demolition would likely cost much more than $50,000. Upon further talks with the HRH's legal counsel it was determined that the pieces of the demolition could not be broken into separate contracts (north & south, single family & other buildings, or structures & street stubs) to stay under the $50,000 threshold. Fairly recent court ruling have made it clear that the aggregate costs of the entire project are considered in determining the appropriate bid process. Staff worked with legal counsel and the City's Public Works Director to carryout the formal bidding process for the Gateway West demolition work. A notice was placed in the Start Tribune on August 20, 2005 and the bid opening will take place at 10:OOAM on August 31, 2005. Staff will bring forward a resolution for the HRA to approve the winning bid on September 1. ACTION- ITEM ri HRA MEETING OF SEPTEMBER 11 2005 QTY OF FRIDLEY Date: August 23, 2005 To: William Burns, Executive Director From: Paul Bolin, Asst. Executive HRA Director Subiect: Gateway West — Developer Recommendation M -05 -85 Last month, staff reported that only one developer responded on time to the RFP for Gateway West. That developer, Jon DeMello's Lifestyle Housing, provided a proposal that did not represent the vision that the HRA had for single family homes in the Gateway West project area. The submitted home designs lacked imagination and variety. Additionally, Mr. DeMello proposed that the HRA only receive $29,000 /lot. Because of the poor response the HRA was asked to formally reject all proposals and authorize staff to meet with and seek out developer /builders able to meet the expectations of staff, the Authority, and the residents of Hyde Park. Staff had discussions with both JG Hause Builders (who determined that Fridley was too far from their offices in Stillwater) and Jeff Magdik of Blueprint Homes, officed in Blaine. Blueprint Homes is custom homebuilder that constructs quality homes ranging from starter homes in Hugo to $1 million + homes in Blaine's TPC Development. Blueprint Homes pride themselves on never building the same home twice. From the drawings provided, one can see a variety of home styles that Blueprint Homes could build on 60' lots in Gateway West. Blueprint Homes envisions a "development where each home has an individual style and character that fits in with an overall feel of a cozy, cottage type neighborhood ". Blueprint Homes have won awards for home designs, shown in the Parade of Homes, and according to Fridley's Building Official, have a reputation for excellent finish work and attention to detail. Staff (Paul B. and Scott) had a chance to tour a model home in Blaine and two homes in a Hugo development. The design and quality of the craftsmanship set Blueprint Homes apart from the other builders in these very nice neighborhoods. A slide show of the pictures staff took will be shown at Thursday nights meeting. Staff strongly believes that Blueprint Homes will be able to deliver a very salable product that will add value to the neighborhood while respecting the variety of home designs already found in the Hyde Park neighborhood. Staff recommends that the HRA approve a motion authorizing staff to begin work on drafting a development agreement between Blueprint Homes and the HRA for the Gateway West project. Staff will bring a development agreement to the October 6th HRA meeting for their consideration. A",aF' IC_ J` no C RJ�� Blueprint Homes, Inc. 1512 -125'' Ave. NE, #139 Blaine, MN 55449 763 - 767 -0422 763 - 862 -9728 - fax www.blueprinthomesMC.com Blueprint Homes, Inc. Fridley Proposal Blueprint Homes, Inc. is a true custom home design builder. Blueprint Homes prides itself on creating one of a kind homes that are as stunning as they are functional. Blueprint Homes is dedicated to quality craftsmanship as much as they are to constantly designing and building homes that are unique and creative. Blueprint Homes, Inc. would thoroughly enjoy the opportunity to work with the City of Fridley to together create a beautiful new development. Blueprint Homes plans to design and build a variety of ramblers and two- stories with many different features including front porches, detached garages, garages behind the house, and other creative variations on shakes, stone, brick, and siding. Blueprint Homes, Inc. proposes to build houses starting from 250,000 and up and starting at approximately 1,100 sq. ft. Blueprint Homes envisions a development where each home has an individual style and character that fits in with an over all feel of a cozy, cottage type neighborhood. Blueprint Homes, Inc. feels that our vision for this project fits with the goals of the City of Fridley to create a beautiful new area that anyone would be proud to call home. *For more information, please contact Jeffrey Magdik or Erin Kelly at 763 - 767 -0422, or visit our Web site at www.blueprinthomesinc.com. 0 — 155 L11, -j 5 Mel 1 i id Mill �R'I� I- �l z-A .r. rw a. 0 a � JAS W--� j Zffh sc. s� i i i7J lM ' is Prlrf.;�� r r f. .i { Fyn m116 i LR LA�'ti'ca^��" � nnmi nun!n �jq _Fy ❑u ifint{Gill y :r B e _ Y 1 Im �j Is MAO- MR, 11,114, Br.3 LSr.Z 112:10a 112 X 10 a IN ■ m •r. T71• Blueprint Homes, Inc. Current Developments Blueprint homes Inc. Current Developments Deacon's Walk — Tournament Plovers Club - Blaine: Deacon's Walk is a unique development with the creation of smaller individual custom home neighborhoods. In the center of this lovely community is the prestigious private golf club, The Tournament Players Club of the Twin Cities. It is located 12 miles north of downtown- Minneapolis for your convenience. This is one of the north Metro's finest single- family custom home sites. Eldsting Homes: 2551 Tournament Players Court, Blaine, MN 2527 Tournament Players Court, Blaine, MN (under construction) 2562 Tournament Players Circle S., Blaine, MN Model: 2559 Tournament Players Court, Blaine, MN *Reggie Award Winner* Directions: North on Highway 65, East on 109, North on Radisson Rd., West on Tournament Players Parkway. Diamond Point West / East — Hugo: Blueprint Homes invites you to see one of the newest and most desired developments in the north Metro area. Blueprint Homes is currently building in the Diamond Point West Development which is located on Egg Lake in Hugo just east of Hwy. 61. The second phase of this development, Diamond Point East, is also now available. Eodsting Homes: 14223 Geneva Way, Hugo, MN 14066 Geneva Ave N., Hugo, MN 14208 Geneva Way, Hugo, MN 14164 Geneva Ave N., Hugo, MN 14215 Geneva Way, Hugo, MN 14022 Geneva Ave. N., Hugo, MN Model: 14246 Geneva Way, Hugo, MN Directions: South on 61, East on 147`h - * Map Included The Ponds — Oak Grove: The Ponds Development and Golf Course is a beautiful community that is nestled in a wooded wetland area. A rambler, two story or multi -level home will look stunning on the variety of lots offered. The Ponds Golf Course is a semi - private course that has 27 holes of exciting and challenging golf. The Ponds is located within minutes to major highways for your convenience. Existing Homes: 22877 Zion Parkway, Oak Grove, MN 22875 Zion Parkway, Oak Grove, MN 22891 Zion Parkway, Oak Grove, MN 22865 Zion Parkway, Oak Grove, MN 22869 Zion Parkway, Oak Grove, MN 22538 Zion Parkway, Oak Grove, MN Model: 22501 Zion Parkway, Oak Grove, MN Directions: North on Highway 65, West on 221" Ave., North on Zion Parkway Woodhaven Acres - Cambridte: Blueprint Homes has several walkout lots available in this neighborhood for you to choose from. Cambridge has long prided itself on maintaining a high quality of life for its residents. You'll be able to enjoy the scenic Rum River area, as well as, neighborhood parks and trail systems. With excellent schools and youth programs, Cambridge is the perfect community for your family. Existing Homes: 3365 Maple Dr. South, Cambridge, MN 3490 Kenwood Place, Cambridge, MN Model: 3362 Maple Dr. South, Cambridge, MN Directions: North on Highway 65, West on Main Street, West on Central Ave. SW, South on Laurel St., West on 32nd Ave. SW, South on Maple Drive Settlers Glen P Addition - Stillwater: Blueprint Homes, Inc. also has land in a new development, Settlers Glen 5th Addition, in the Stillwater area. Settlers Glen 5th Addition is an eleven lot cul -de -sac development. Houses will look over wooded acres abundant with deer, pheasant, and other wildlife. This peaceful getaway is also conveniently located just minutes away from historic downtown Stillwater and access to several major highways. Directions: From I -694 - East on Highway 36, North on Manning Ave N., 80`h Street East, North on Morgan Ave. N. Newest Development : Blueprint Homes, Inc. will be breaking ground in the Fall of 2005 on a new development in the Blaine area. This new development will cover 45 acres and will include 120 wooded, walk -out lots. *For more information, please contact Jeffrey Magdik or Erin Kelly at 763 - 767 -0422, or visit our Web site at www.blueprinthomesinc.com. Deacon's Walk TPC 8"' Addition Blaine, MN (SEE SHEET 1 OF 5 SHEETS) n- 5200712S- / 3 Ra41$pp �4 icy 377.54 0 5.,100 i /vu�rir+eriurr, Rt F r ?4y, _43 - T I 4t 34 bt so `J r •`�' � �, t0000 r- „ S o � t,,, 6 F+', `��, 3 ,', too,�3 --� T� �ys'� ryg�"ao4'�Y,t �a'b'q'- �.p5`o•N' ^i`� zs• �K/ 3T' -�,� psi `� � per, `" \�6� �'� `$ � � �ti\ \ � tr. `♦% eel TWO 10 p�� ,`� I �Z �S* / �1, % 4�% t `Y 'tYwa i ♦` ' AY La g188 1i `' 4i°ys4 X01 �' �:. - n.,r u,. er OA04 a IM FCMuH AooMOOL -� t ,d -- ,4.x•64 e� ``� V ! -� a Lots Available TPC 8th Addition Lot 1 / Block 3 Sold Lot 2 / Block 3 130,000 Lot 4 / Block 3 130,000 Lot 2 / Block 4 Model Lot 3 / Block 4 Sold Lot 6 / Block 4 Sold Lot 6 / Block 5 199,000 Diamond Point East / West ,s . -Tia ia.ad�d P4n ��.�° Otte L21ke SL Paul LOCATION MAF not to scale Y%oLmond JUN. 1. 2005 1:09PM N0. 865 P. 2 DIAMOND POINT WEST Lot I Block a I Sun Min I Price 11hilider Price Status I Buyer Closed tn» 1 3 FBWO 1,5450,0001 $119,900 $375.000 $114,900 MasterkeY I SOLD model nrerunMn Df%!MT WFST 2ND Lot Block TWO SUA Min Price Builder I Status Buyer I Closed trm 1 1 I FBWO $375.000 $114,900 MasterkeY I SOLD model 10/13/2004 bn+ 2 1 FB . 0 $375,000 $114,900 Cornerstone SOD model 8/23/2004 bn 3 1 FBWO $375,000 $114.900 Mastarkey SOLD sold I 2/18/2005 bn 4 1 FBW $3760000 114.900 NBL SOLD model---] 8/30/2004 rat 5 1 FBWO $375,000 $114,900 Masterke SOLD sec 2118/2005 bn 6 1 FBWO $375 000 $114,900 Lakewood SOLD model 10/5/2004 �► 7 1 FBWO $375,000 $114,900 NB L SOLD sold 3/9/2005 bn 8 1 FBWO $375,000 $114.900 Semler 20-Ma model 9 1 FBWO $375,000 $114,900 Cornerstone SOLD sec 2/16/2005 bn *10 1 MFBWO $375.000 $114.900 Cornerstone SOLD sold 4/1/2005 bn *11 1 MFBWO $375,000 $114,900 Lakewood SOLD sold 6/13/2005 ral 12 1 MFBWO 1$376,000 $114.900 1jacchus SOLD roth 12/13/2004 ral 1 2 MFBWO $S76,000. $114,900 jMasterft SOLD sold 5/1812005 bn+ 2 2 FBWO $375,000 $114,900 Olmstead 4-May I- 1 3 FBWO $450,000 $134.900 Wicklander SOLD model 8/31/2004 ral 2 3 FBWO $450,000 $134,900 Wicklander SOLD nation 8/16/2004 bn 3 3 FBWO $450,000 $134.900 Semler SOLD sold 5/19/20D5 bn 4 3 FBWO $450,000 $134,900 Wicklander SOLD dau hter 8/30/2004 W 6 3 FBW0 $450.000 $134,900 Hedberg Homes SOLD sold 9/10/2004 bn 6 3 FBWO $42 ,000 $129,900 Bacchus SOLD model 2/18/2005 bn 3 FBWO $425,000 $119,900 Blue Print Hms SOLD balthazer 7/1712005 ml 8 3 FBWO $425.000 $114,900 13ac thus SOLD Iamb 2/14/2005 rat 9 3 MFBWO $425,000 $119,900 Lakewood SOLD sec 10/512004 rw 10 3 MFBWO $450,000 $129,900 Blue Print Hms SOLO sold 5/4/2005 ral 11 3 MFBWO $450,000 $134,900 Wicklander SOLD sec 8/18/2004 bn 12 3 MFBWO $450.000 $134,900• Hedberg Homes SOLD sec 9/10/2004 bn 13 3 M BWO $450 000 $134,900 Bacchus SOLD sec 8/25/2004 bn 14 3 MFBWO $450.000 $134.900 Hedberg Homes SOLD waldoch 9/10/2004 bn 15 3 Ml $450,000 $134,900 Blue Print Hms SOLD sold 6 05 rai 18 3 MFBWO $450,000 $134,900 Wicklander SOLD Spec 8/18/2004 bn 17 3 MFBWO., $450,000 $134,900 Blue tint SOLD sold 5/31/2005 rw 1 4 FS $350,000 $89,900 Olmstead 4 -Ma 2 4 B $350,000 $89.900 Bacchus SOLD sold • Z-D MI 3 4 B 350,000 $89,900 NBL SOLD sold 519/2005 bn 4 4 PFB $350.000 $87,900 Semler SOLID sold 5/19/2006 bn 5 4 B $350,000 $139 900 Masterke SOLD averback 4/18/2005 bn+ 8 4 B $350,000 $89,900 Blue Print Hms SOLD sold 5/31/2005 ral 7 4 FS 5350 000 $89 900 Blue Print Hms SOLD la es 12114/2004 ral 8 4 FB $350,000 $89.900 Semler SOLD Konetch 7/21 /2005 bn ww kT7 •A Ah1V%ATAbV FLKi Arrr[V WAL. Inrusvr+/ v,,% 1 10' side setbooks. Front yard must be sod Parades are required. The work on Goodview Avenue will begin In the winter of 2004.(Duration; 3 mo.) parks areas are city essments owned 3rd Addition (7 lots) avallable epprox 7/01105 Them is a Homeowners Assoolation mid the annual dues are $50.00 per lot. There is 0 one tams charge per lot of $100.00 for street sweeping fees. West side will have a 5' bike lane Diamond Point East will have sidewalks /tralls. The city requires each builder to use silt fence on entire front of lot w /exception of driveway. "ders Network available with an additional $30.000 in construction money. r nT "nr nS AUTOMATICALLY EXPIRE AFTER 30 DAYS EFFECTIVE 11 -01 -04 FOR ALL NEW LOT FINANCING IN THIS PROJECT THE MINIMUM PORTION OF THE PRIME +28/6 RATE HAS BEEN CHANGED FROM 9111% TO 71 /a% JUN, 1. 2005 1:IOPM N0.665 P. 3 Lot Block Time Su Min Prloe Builder ' Status 8u er Closed trm 1 1 my* �3S0 OOD $114 2 1 FBWO $350 000 6114,900 3 1 FBWO 5350 000 $114,000 4 1 FBWO $350,000l $114.900 S 1 Not AvaOabia FBWO $400-000 1-$1&4,900 Olmstead Builders 12-May 2 2 F7WO $400,000 1 S134r900 NM! ALL tats reaulre a Somas Lift DIAMOND POINT WEST 3RD ADDITION ' AVENUE GENEVA •4 NORTH � NOT TO SCALE JUN. 1. 2005 1:ION N0. 865 P. 4 DIAMOND POINT EAST Lot Block Tvpe I Sua Min - Price Builder Status Buyer Closed mn 1 1 FB 1$350.000 $114,900 2 1 FBLO $376,000 $129.000 3 1 FBLO $375,000 $129900 4 1 1 FBLO $375 000 $120,090 6 1 FBLO $375400 5129,000 6 1 FBLO $375,000 $129,960 7 1 1 FSWO $450,000 $139,900 8 1 FBWO $460,000 $139 900 8 1 1 FBWO $450,000 $139 900 10 1 FSWO $450,000 5139 9 0 11 1 FBWO 1$450,000 $139,900 12 1 FSWO $450,000 $139,900 13 1 FSWO $450 000 $139 900 14 1 FBWO $450,000 $139,900 15 1 FBWO $450,000 $139 900 16 1 FBWO $450,000 $139900 17 1 FBWO $460.000 $139,900 is 1 FSWO $460,000 V39.000 19 1 FBWO $450.000 $139,900 20 1 FSWO $450,000 $139.900 21 1 FSWO $450,000 $139,900 22 1 1 FBWO $450,000 $139,900 - 23 1 1 FBWO $450,000 $139,900 24 1 1 FBWO $450,000 $149,900 25 1 FBWO $460,000 $149,900 26 1 FBWO $450,000 $149,900 27 1 FSWO $450.000 $149,200 28 1 FSWO 5450,000 $149,900 29 1 FBW0 $460.000 $149,900 30 1 FBWO $450.000 $149.900 Bearmark 16-Ma 1 1 FBWO $450.000 $1 9 900 32 1 FBWO $450.000 $154,900 33 1 FBW $450.000 $154.9D0 34 1 FSWO $450.000 $154,900 Jodie Budde 16-Ma 35 1 FBWO $450,000 , $154,900 36 1 FBwo $450.000 $1 54 900 37 1 FBWO $450.000 $154,900 38 1 FBWO $450.000 $154.900 NBL 16 -Ma 39 1 1 FSWO $450.000 $154,900 40 1 1 MFBWO 425.000 $154,90Q 41 1 SEWO $400,000 $134,900 421 1 SEWO $400.000 $134,900 43 1 1 MFBWO $400,000 $139.900 44--j 1 MFBWO $400.000 $139.900 45 1 FBWO $400,000 139,900 46 1 FBWO $400,000 $139,900 47 1 1 FSWO $400 000 $139,900 -481 1 FHWO $376,000 $129,900 49 50 1 1 FBWO FBWO $375,000 T376,000 $129,900 $129,900 51 52 1 1 WWO Ex. Hse $376 000 X $129900 X JUN. 1. 2005 1:lOPM N0, 865 P. 5 DIAMOND POINT EAST Lot Block Type Sun Min Price Builder Status Buyer Closed um 20 2 FBWO $360,000 $109,900 21 2 FBWO $350.000 $114,900 22 2 FBWO 375.0 $119,900 23 2 FBWO _$375-000 °'x.119,900 24 2 FBWO $376,000 $119,900 25 2 FBWO $376,000 $119,900 26 1 2 FBWO $375,000 $119,900 27 2 FSWO $375,000 $119,070 1 3 FBWO $375,000 $119,900 2 3 FBWO $376,000 $119,900 3 3 FBWO $375,000 $119,900 4 3 FBWO $375,000 $119,900 5 3 FBW0 $175,000 $119,900 6 3 FBWO $376,000 $119,900 7 3 FBWO $376,000 $119 900 8 3 FBWO $375.000 $119,900 9 3 FBWO $376.000 19 900 10 3 FBWO $376,000 19,900 r$119.900 11 FBWO 375,000 19,900 12 3 FBWO $375,000 13 1 3 FBWO $375,000 $119,900 14 FBWO $375.000 3119,900 16 1 3 FBWO $375.000 $119,900 16 3 FBWO $376,000 $119.900 17 3 FBWO $376.000 $119,900 18 1 3 FBWO $375,000 $119,900 19 1 3 FSWO $375,000 $119,900 20 1 3 F8W0 $375.000 $119,900 21 1 3 FBWO $376,000 $119,900 22 1 3 FBWO $375,000 $119,900 23 1 3 FBWO $376,000 $119.900 24 15 16 1 3 1 4 4 SEWO FBLO FBW0 $350,000 $350,000 $350.000 $99,900 $109, 900 $114,900 17 18 4 4 FBWO FBWO $375.000 $375,000 $119,900 $119,900 19 4 FBWO $375,000 $119,900 20 4 FBWO $375.000 $119200 The Ponds Oak Grove, MN The Ponds 2 °d Addn LOT BLOCK _ ]PRICE Lot 5 Block 1 $89,900 Lot 8 Block 1 HOLD Lot 11 Block 1 HOLD Lot 12 Block 1 $89,900 Lot 13 Block 1 $89,900 Lot 14 Block 1 $89,900 LOT . BLOCK PRICE Lot 6 Block 2 $87,900 Lot 8 Block 2 $89,900 Lot 9 Block 2 $89,900 Lot 10 Block 2 $89,900 Lot 12 Block 2 HOLD Lot 13 Block 2 $89,900 Lot 14 Block 2 HOLD Lot IS Block 2 HOLD Lot 16 Block 2 HOLD Lot 17 Block 2 HOLD Lot 19 Block 2 $89,900 Lot 21 Block 2 $89,900 City Water & Sewer LOT BLOCK PRICE Lot 2 Block 3 $87,900 Lot 3 Block 3 HOLD Lot 4 Block 3 $87,900 Lot 5 Block 3 $87,900 Lot 6 Block 3 $87,900 Lot 7 Block 3 $87,900 Lot 8 Block 3 $87,900 Lot 9 Block 3 $87,900 Lot 10 Block 3 $87,900 Lot 11 Block 3 $87,900 Lot 12 Block 3 $87,900 Lot 13 Block 3 $85,900 LOT BLOCK _PRICE Lot 2 Block 5 $72,900 Lot 5 Block 5 $11.,900 Lot 6 Block 5 HOLD Lot 9 Block 5 HOLD LOT BLOCK PRICE Lot 2 Block 6 $88,900 Lot 3 Block 6 $88,900 Lot 5 Block 6 $881900 Updated: 5/23105 0 i� I "-i U) c C7 � w tzi to b Q ttj 4 �r r� •O� V i� �N rP i IO • �M VCO �? "Teb RN Lw Ay Ar r V � • : y le �v N �CO �b tab jE� 13 Y� iL V 0 rtw ♦` � � At.•jjdd��.• u �N SID =i a N Z10N PARKWAY M W. LARS f N �u �P �� w.• 7pp A1D aCp Ay p 8 Nw Nr �N �w � • �w '�V •n The fonds 31 Addiflon LOT BLOCK PRICE LOT_ BLOCK PRICE Lot 1 Block 1 $109,900 HOLD Lot 1 Block 3 $85,900 HOLD Lot 2 Block 1 $109,900 FBWO Lot 2 Block 3 $87,900 HOLD Lot 3 Block 1 $109,900 FBWO Lot 3 Block 3 $89,900 HOLD Lot 4 Block 1 $109,900 FBWO Lot 4 Block 3 $89,900 HOLD Lot 5 Block 1 $109,900 FBWO Lot 5 Block 3 $89,900 HOLD Lot 6 Block 1 $109,900 FBWO Lot 6 Block 3 $89,900 HOLD Lot 7 Block 1 $109,900 FBWO Lot 7 Block 3 $90,900 HOLD Lot 8 Block 1 $109,900 FBWO Lot 10 Block 1 $109,900 44 A1;B-SAP LOT BLOCK PRICE Lot 15 Block 1 $109,900 FBWO Lot 1 Block 4 $84,900 SEWO Lot 16 Block. t $109,900 FBWO Lot 2 Block 4 $87,900 FBLO Lot 18 Block 1 $190,900 FBWO Lot 3 Block 4 $88,900 FBLO Lot 19 Block 1 $109,900 FBWO Lot 4 Block 4 $88,900 FBLO Lot 20 Block 1 $109,900 FBWO Lot 5 Block 4 $88,900 FBLO Lot 21 Block 1 $109,900 FBWO Lot 6 Block 4 $92,900 FBWO Lot 7 Block 4 $92,900 FBWO Lot 8 Block 4 $92,900 HOLD Lot 9 Block 4 $92,900 FBWO Lot 11 Block 4 $93,900 HOLD Lot 16 Block 4 $75,900 HOLD Lot 17 Block 4 $75,900 HOLD L43T BLOCK PRICE Lot 18 Block 4 $75,900 FBLO Lot 1 Block 2 $90,900 HOLD Lot 19 Block 4 $75,900 FBLO Lot 2 Block 2 $88,900 HOLD Lot 20 Block 4 $75,900 FBLO Lot 3 Block 2 $88,900 HOLD Lot 21 Block 4 $75,900 FBLO Lot 4 Block 2 $90,800 HOLD Lot 22 Block 4 $75,900 FBLO Lot 5 Block 2 $90,900 HOLD Lot 23 Block 4 $74,900 SOLD Lot 6 Block 2 $90,900 HOLD Lot 24 Block 4 $74,900 SOLD FBWO - Full Basement Walk Out FBLO - Full Basement Look Out SEWO - Split Entry Walk Out SE - Split Entry Updated; 523/05 F•k-f , `1 N flu r0 C� A A A t n AX N0. u� c� t1 T * : e � b I 6 Oil UKX aY if pppp ttC � e�yp( di \i!� iCl� W � i ib e' • Y -r� • FTW fill It is 1, M►�••��,� Fw �y �o;� {� x 3 aE S�a t• � Lt Q R l '�•1 Y i S e:° I f 1'll � j asg s t{'�Y � I r� ♦' 't,s 11 l) +t tii t) p 47 at ; I 1 ty ,t LMN1 -t`,0 • � tiftt ..g9I•°Kr.. . 1 IA � i •.�t.ILMN I � tt. {! t� i I ,...•wl.p t 1gKr Si � 41,Cf i 4� 1 U I 4� ,Ci ••1 11 W • ,, t Ok \. �. •1 r• t' � .t E q 1d �s�•i &E wife �W 01...1 Fji� O' It VI n 4: t) t4 I t! i i Woodhaven Acres Cambridge, MN Lots Available Woodhaven Acres 2nd Addition: Lots 1 & 3 / Block 1 539000 Lot 5 / Block 2 553,000 3rd Addition: Lot 2 / Block 1 55,000 Lots 2, 3, & 4 / Block 2 559000 Lots 3, 49 59,79 & 8 / Block 3 559000 Lot 1 / Block 4 559000 Lot 10 / Block 5 659000 rrM ••• •�T�ra ,...iY �L�: /ii••r(.(r- .. ,.. ,. - "i r�,,, -�. -\ NOW* I I n \ , ��. 1a1 7 '' ' Dd "i ilia` isi ;• +� r. _ it Ia S ~ `�~• � as ' � �/ i.,�'p .r1ao � ' ' .-'gyp, r.�'' �� .. 1 � � ' �, ,,` � I J 1 ��. •�-.,� i � � . � .�+ �� `� \' i `"'�`0 ^\ ., x+,11 .�� I. `�� f �'�� t ! ,>K � : +1 ; ' � :�•� � i ��.. � .—. �- � � v � � 1�1lby Y � 01 ` �~ � �" I• -''� �6'i:'./ 1 1 �'t� ,I�/:i ,` ` `'1 \` t ` ^' t r,• � t std, �� . P •', ) ; Y ` no 14 `» ► '- yr y ;' t i� 1se ' �a� i!f - ' a ia MAD � \ 4. tit � � '' - '��: ,, _aa,• ,� r• �/' �. `� �' � •'t�/ J`t � a _ !0f% Iry •.~_`i,.• i• 1f ''t 10 •. t \ •v• '~'° "" "' «� IV'� •>•' . _�,.. B yon ' � 'r ,,,_. �j / -+ • o ti, a3 ,101 • � v + -'' . ti �, � � � / •7� ,�„ y ...y on 1 $ , • ro, . i t1 •ion » �' ,3S I M. _ .� 'aa •. ` ' , �,•- •ii Via. / '1 .i '�, : �¢ T4��i•� it " • - • �, ' � � ' • .. + . `� �' ' ry / •i or "� •?" +• —• T '• - � �"''4- ,'. -• -� •r ^- �^��"' � f / , � b� � 1. ' f a t`' ,yh •� V r SDI a ,. ' � 1 • .�- .� �' ��/ \fit '� « � ` r 'iif' t, And61/QALOIIO3Urv4fmo 4µ41t• \ \ 3100. .3 Mth Ave. F E. s i' CeJ(iUflOAi. A1N 651 • a ' Settlers Glen 5th Addition Stillwater, MN From: Kim Tramm To: hw. JefOBtueprW Homes s i 4 i 0 O" a, ia, is pwwl� 1 Iti 37 I: lit IS: Dale: 8/3/2005 Time: 10:18:08 AM Page 8 of 11 ,4tlr ryp �i f tl i Ali t' gr i Pli a ! o u4 • Mqa. A b c� �b d °z RESOLUTION NO. HRA 2005 -05 RESOLUTION APPROVING INTERFUND LOAN BETWEEN GENERAL FUND AND TIF DISTRICT #18 (GATEWAY WEST). BE IT RESOLVED by the Board of Commissioners (the "Commissioners ") of Housing and Redevelopment Authority in and for the City of Fridley Minnesota (the "Authority") as follows: Section 1. Recitals. 1.01. The Authority is authorized by Minnesota Statutes 2001 Supplement Section 469.174, subdivision 3 and Section 469.178, subdivision 7 to approve by resolution any interfund loans made after July 31 -, 2001 that are to be repaid with tax increment from any of the Authority's tax increment financing districts. 1.02. The Authority is authorized to disclose by resolution the terms of the interfund loan, i.e. principal amount of loan, interest rate, and length of loan. 1.03. The Authority is authorized to limit the principal amount of the interfund loan to the largest negative cash balance that existed at any one time in the fund receiving the loan. Section 2. Findings. 2.01. The Authority hereby finds it necessary to create an interfund loan between its general fund and the fund for TIF District #18. This loan is for the express purpose of providing financing for TIF District 18 projects until such time that enough tax increment is generated in the TIF district to pay back the interfund loan. Section 3. Adoption of Interfund Loan. 3.01. The following are the terms of the interfund loan to be approved: Loan Amount: $1,000,000 Interest Rate: 5% Length of Loan: 27 years or until December 31, 2032 3.02. The Authority will create and maintain a loan payment schedule for the interfund loan that will be approved by this resolution. 3.03 TIF District #18 may pay off the loan early if sufficient tax increment is available. PASSED AND ADOPTED BY THE FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA, THIS 1ST DAY OF SEPTEMBER 2005. LAWRENCE R. COMMERS, CHAIRPERSON ATTEST: WILLIAM W. BURNS, EXECUTIVE DIRECTOR INFORMATIONAL ITEM HRA MEETING OF SEPTEMBER 10 2005 CnY OF FRIDLEY Date: August 24, 2005 AV To: William Bums, Executive Director t From: Paul Bolin, Asst. Executive HRA Director Subject: Islands of Peace — Informational Update M -05 -87 On August 4th, the HRA, through the approval of a motion, agreed with staff's recommendation to select the Bancor Group to explore the potential to redevelop the neighborhood surrounding Islands of Peace Park. The selection of a developer will allow st@.ff to further investigate the feasibility of doing a project in the Islands of Peace neighborhood. Since the August 4th HRA meeting, Bancor has met amongst themselves to further define their individual roles in this potential redevelopment project. To accommodate everyone's schedule, this did not allow for them to meet with HRA Staff and legal counsel until Monday August 29, 2005. Staff will provide the HRA with a verbal update of the meeting on September 1. Fridley HRA Housing Program Summary Cover Page September 1, 2005 HRA Meeting Report Description Loan Application Summary Loan application activity (e.g. mailed out, in process, closed loans) for August 2005 and year -to -date. Loan Origination Report Loan Servicing Report Remodeling Advisor & Operation Insulation Loan originations for August 2005 and year -to -date. Loan servicing by Community Reinvestment Fund (CRF) for the month of July 2005. Note, that the loan servicing reports are usually available 10 days after month end. Shows the number of field appointments scheduled and completed the Operation Insulation and Remodeling Advisor Services administered by Center for Energy and Environment. M— Paul's Documents\HRA\IIRA Agenda Items12005\September 1, 2005\Housing Program Cover Page(September2005).doc i E EO O � N N ch CL 1.6n T � UL Q N = ca a J C N O c r L l>3 t V � aL c Qc a U) O O ctl c .Q r. F- Q ` N� E- 0 J N C O V � I - � I Q d C ate! N Z C �.+ w N � v( 4) Q 3 .Q zi i O i I I 0 0 0 0 0 0 0 0 ) 3 1 0 0 0 0 0 0 u c � LL. LL CL > ? 3 O LL C LL �( LL J LL LL >% m J o C CD t C'a3CL 3W�W °-Eas� 6 E E c 9 > O O G) C > mu.U2� m ��aaaa� LL LL 0 L Z Z 2 2220 ti T iV rn M IT ca 0 I-- Fridley HRA Loan Origination Report August 2005 Loan / Grant Orlainations 1 3% Kitchen remodel 3 8% General plumbing 1 This Previous 4 11% Electrical system - Month Months - YTD Loans Issued- - 2 15 1 17 Grants Issued 2 - - - Siding/Fascia/Soffit Total 2 15 1 17 Fundina Sources 9 24% Garage 2 5% Driveway /sidewalk 6 This Previous 3 8% Misc. exterior projects 2 Month Months YTD Fridley HRA $ 51,656 $ 268,980 $ 320,636 MHFA $ - $ 15,677 $ 15,677 Met Council $ - $ - $ - CDBG/HOME $ - $ - $ - CEE $ - $ 5,018 $ 5,018 Other $ $ $ Total $ 51,656 $ 289,675 $ 341,331 Types of Units Improved This Previous Month Months YTD Single Family 2 15 17 Duplex - - - TH -Plex - - - 4 to 9 Units - - - 10 to 20 Units - - - 20+ Units - - - Total 2 15 17 Types of Improvements Interior # of Projects % of Total Bathroom remodel 1 3% Kitchen remodel 3 8% General plumbing 1 3% Heating system 4 11% Electrical system - 0% Basement finish - 0% Insulation - 0% Room addition 1 3% Misc. interior projects 2 5% Exterior Siding/Fascia/Soffit 2 5% Roofing 1 3% Windows /Doors 9 24% Garage 2 5% Driveway /sidewalk 6 16% Landscaping 3 8% Misc. exterior projects 2 5% Monthly Servicing Report Principal Paid Interest Paid Total Payments Recd Ending Prncipai Balance Loans in Portfolio Monthly Servicing Fees NET FUNDS RECEIVED Delinquency Report Time Frame 1 to 30 days Late 31 to 60 Days Late Over 60 Days Late Fridley HRA Loan Servicing Report July 2005 * Pool 0 Deferred Loans 29,738.16 6 Total * July Information Received August 10, 2005 Pool Pool Installment Installment Loans Loans 1,570.42 4,875.29 602.88 2,621.37 2,127.81 7,201.51 135,216.00 684,699.26 13 53 Pool 3 Deferred Loans 19,917.92 4 Delinquent Delinquent Delinquent Loans Payments Principal 3.00 $ 2,996.56 $ 3.00 $ 2,996.56 $ 15,982.46 15,982.46 Total 6,445.71 3,224.25 9,669.96 869,571.34 76 $ 519.00 $ 9,150.96 % of Delinquent Principal 0.00% 0.00% 1.83% 1.83% N V L O U) mWaal Q i.� KNEES _ 0 00 O E W i.. O mmums MEMON .� Lo O N � N ■0 N .�..i 0 MMEME Law � � Q U. O a c 'a d °r' E d C E r O N M r t M O O Q V Q N r C 'a 0 G1 E S _ O N CO r It M r a (0 c:03 2 ci O c a c0 Q 2 -c") U- � < L .Q L, -0 .Q n E 0 E E � E E C ?. L) A V O N 3 5 7 N - -.1 Qfn0Z❑ C O d C N O N O O O O O O d ,Y w O d N C 'C E d C Q O 't CO 0 C> - O O QU Q H d N E 0 Od'00CD 00 O 0.0 a N LO r r M LO LO in -0 N r O O Tv io ea O O O a t 0 C Q O E � o �O Q CL ,� O � LO to O V- 0 is ca R C Q O d E ° c �o CL O. El L .n t .. M L ' N C nE0'EE =1 Q (D C Co (D �<oz❑ c V �E M LO LO in -0 N r O O Tv io ea O O O a t 0 C Q O E � o �O Q CL ,� O � LO to O V- 0 is ca R C Q O d E ° c �o CL O. El FRIDLEY HOUSING & REDEVELOPMENT AUTHORITY September 1, 2005 -6, 0, le, ISao: :eool r3 1. Columbia Park Medical Clinic Parking. Columbia. Park still has not made a formal request for assistance in redesigning their parking lot to yield 34 more parking stalls. 2. Cub Foods Redevelopment This information is not yet for public consumption, but I wanted to share this with the HRA. City and HRA Staff met with Paul Tucci of Oppidan Development. He has been retained by Holiday Companies to work on redevelopment /relocation of a number of their interests and properties. Holiday Companies has owned the site of Cub Foods /Gander Mountain /Fridley Liquor for a number of years and despite occasional remodeling and upgrades the building has reached the end of its lifespan. Cub Foods would like less space (68,000 sq. ft. vs. the 100,000 sq. ft. they have now) and Holiday would like to move Gander Mountain to Blaine. All of this is only in the discussion stage, but would certainly be a nice addition to the redevelopment efforts of the HRA and City...... Gateway East, Gateway West, wrought iron fencing, and a new grocery store with popular retail stores surrounding it will certainly give Fridley an image boost for those heading north on University Avenue!! In confidence, I have included an early concept plan of their redevelopment. 3. Medtronic — Ehlers TIF Review At the June meeting Rick Pribyl asked that you approve an agreement that allowed Ehlers and Associates to work with Medtronic. As Ehlers can only contract with public agencies, Medtronic will reimburse the City for Ehlers time. At the time of this writing (August 23") Rick was still waiting to hear back from Ehlers as to whether or not the work has been completed and what the cost will be. 4. Project Expenditure Tracking Per Commissioner's requests that more expense detail be provided, Finance staff will begin providing expenditure and revenue information for the Gateway West and potential Islands of Peace project on a monthly basis. The first report is attached. If there are any items you would like covered in upcoming issues of the Non - Agenda Update please send me an e-mail. bolinp @ci.fi7dley.mn.us SITE REDEVELOPMENT MASTERPLAN Dn"D RETAIL CENTER j!1 ise HIGHWAY 47 (UNIVERSITY AVENUE) & INTERSTATE 694 FRIDLEY. MINNESOTA gt�� reps rill DESIGN L SITE MASTERPLAN SCHEME -- 6 — - — - — - — - — - — - AAIN------aT-REET- -------- --- --- --------- a-- - - - -- -- oc M 'o µga m V)> 0--4 0 > 0 L X LIP F] 9 oil �nF LnF 00 0---o' r!v (60 (60(6) 6) (w) W),6:) W)(6: tD C:: I U, > 'o m Co It) n o UD c: >r- 'o rn �A Lcf:) -0;0 0- 16, ad Ii �A "09: > ti ,A RA. n 7, ]-� - --------- ------- - ------------ ---------- 10- IQ C, STATE HIGHWAY NO. 47 C, (W096ff Y A VEME AM=) O C) SITE REDEVELOPMENT MASTERPLAN Dn"D RETAIL CENTER j!1 ise HIGHWAY 47 (UNIVERSITY AVENUE) & INTERSTATE 694 FRIDLEY. MINNESOTA gt�� reps rill DESIGN L SITE MASTERPLAN SCHEME -- 6