HRA 11/01/2007 - 6206F
November 1, 2007
HRA Meeting
Regular Meeting Agenda
7.30 p.m.
City Hall, Council Chambers
Call to order
Roll call.
Action Items
1. Approval of expenditures
2. Approval of August 9, 2007 Meeting Minutes
3. Approval of September 6, 2007 Meeting Minutes
4. Approval of Proposed 2008 HRA Commission Meeting Dates
5. Approval of Contract for Administrative Services for 2008 Home & Garden Show
6. Approval of Preliminary 2008 Budget
7. Approval of Memorandum of Understanding Between HRA & NCDA
Informational Items
1. Anoka. County HRAJEDA
2. Monthly Housing Report
Adjournment
C:\Documents and Settings\tostensonj\Local Settings\Temporary Intemet Files \OLKA\November -2007 Agenda
Outline.docC:\Documents and Settings\tostensonj\Local Settings\Temgorary Internet Files \OLKA\November -2007 Agenda
Outline.doc
CITY OF FRIDLEY
HOUSING & REDEVELOPMENT AUTHORITY
SEPTEMBER 6, 2007
CALL TO ORDER:
Chairperson Commers called the regular meeting of the Housing & Redevelopment Authority to
order at 7:30 pm.
MEMBERS PRESENT: Lary Commers, William Holm, Steven Billings
OTHERS PRESENT: Paul Bolin, HRA Assistant Executive Director
Scott Hickok, Community Development Director
William Bums, City Manager
Mike Jeziroski, City Accountant
Julie Jones, Planning Manager
APPROVE OF MINUTES:
1. Approval of August 9, 2007, HRA meeting minutes
MOTION by Commissioner Holm to table the approval of the minutes until the October 4, 2007,
meeting. Seconded by Commissioner Billings.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE
MOTION CARRIED UNANIMOUSLY.
ACTION ITEMS:
1. Approve of Expenses
MOTION by Commissioner Holm to approve the HRA expenditures as presented. Seconded by
Commissioner Billings.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE
MOTION CARRIED UNANIMOUSLY.
2. Approval of 2007 Tax Levy
Paul Bolin, HRA Assistant Executive Director, said that since 1996 the HRA tax levy supported
various housing rehabilitation programs in Fridley. The bulk of the revenue is used to make the
payment on the $1.5M loan that was given by the City to the HRA in order to fund our initial
revolving loan fund. The balance of that loan is now $348,441. The tax levy is equal to .0144%
of the taxable market value of each property in Fridley. In 2008, the levy will generate $377,000
for the HRA to spend on housing programs. The impact this has on the tax payer in Fridley is
$28.80 on a $200,000 value home per year per household. For an industrial property valued at
$1 M the amount payable would be approximately $144.
Mr. Bolin said that staff recommends approval of the resolution consenting to the tax levy. The
levy must be certified and delivered to the County by September 15, 2007. The City Council will
also take action on this item on Monday Night.
Commissioner Billings asked how this levy presented compares to the levy presented in 2006.
Mr. Bolin answered that they collected at the same percentage for the past four years and this is
not something that is new to the taxpayers of Fridley.
Chairperson Commers asked what portion of that would be used to pay down the money that is
owed to the city.
0
Mike Jeriorski, Accountant, answered that about $86,000 annually is paid to the principal and
interest for the loan. The payment is made in two installments.
Chairperson Commers asked why HRA doesn't pay the City in full.
Mr. Bolin said that the tax levy needs to be discussed as a group to designate essential function
and purpose for the tax levy. Since 1996 the focus and. major portion of the tax levy has went
towards paying off this City loan. The loan value has little principal to pay and in the next year or
two we will discuss what future needs the levy can address.
MOTION by Commissioner Billings to approve the 2007 Tax Levy collectible in 2008. Seconded
by Commissioner Holm.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE
MOTION CARRIED UNANIMOUSLY.
COMPREHENSIVE PLAN UPDATE:
Julie Jones, Planning Manager, said that this will be discussed in further detail at the October 4th.
meeting. Staff has provided HRA with the first five draft chapters of the Comprehensive Plan.
Chapters four and five pertain to the HRA activities and chapters one through three were included
as background information. There are more chapters being drafted, 14 in all. If anyone would
like to see the other chapters, just let staff know and they will make sure you get a copy.
Ms. Jones stated that they are looking for review of the goal and action steps in the draft plan.
The key parts in chapters four and five are the conclusion and actions steps. Staff has combined
the input from the neighborhood planning meetings from this past spring along with the staff
knowledge of City needs to draft the chapters. Staff wants to make sure the draft plan is in line
with the HRA goals. There is a tight time line to complete the Comprehensive Plan and it will be
discussed in detail at the October 4th' HRA meeting and a public hearing is scheduled for
November 7th.
Commissioner Holm asked about the 2030 Regional Development framework that was
developed by the Metropolitan Council and he wondered if the plan was developed based on
those guidelines.
Ms. Jones answered that is correct. One key piece is the housing chapter regarding the
affordable housing numbers that the City needs to meet. This is in the Metropolitan Council
guidelines and it was not in the previous Comprehensive Plan. There are unit numbers by city
that need to be incorporated with the Comprehensive Plan and explain how Fridley can
accommodate those housing needs in our community.
Commissioner Holm asked if there was information on the internet that he could access
regarding the Metropolitan Council guidelines.
Ms. Jones answered that there is a volume of information on their website. It can be difficult to
navigate but people should be able to locate the framework on the website.
Chairperson Commers asked how the standards compared to the consent agreement that the
City is obligated to meet.
Scott Hickok, Community Development Director, said that the consent decree is a commitment
on the part of the City to integrate affordable housing into developments as the City moves
forward. In the past the City was to replace on a one-to -one basis if they were to redevelop, for
example, a 12 -unit apartment complex to replace it with a 12 -unit complex. The commitment in
the Metropolitan Council is structured that the City would commit to integrating affordable housing
into the redevelopment projects to the best of their ability.
Chairperson Commers wanted to make sure the City didn't do anything contrary to what the City
has committed to do.
HOUSING REPORT:
Paul Bolin, HRA Assistant Director, said that in August there was one loan and four other loans.
Recently the interest rates were checked on private sector home equity loans and the City is at
6.25 % and the home equity loans were at 7.5 %. It is a good deal for residents to borrow money
on this program.
Mr. Bolin said that the Remodel Advisor had two visits and Operation Insulation had no visits.
William Burns, City Manager, said that an article will be in the October newsletter regarding the
Housing Rehabilitation Program.
Chairperson Commers said that business should pick up because people are doing more
remodeling than relocation these days.
OTHER BUSINESS:
Paul Bolin, HRA Assistant Director, said that tonight at 7:00 p.m. at the Community Center is the
third of four meetings regarding the planning for the future of University Avenue. There will be a
panel there to look at ideas for Fridley and feedback will be discussed from the last meeting. In
two weeks, the last meeting will be held and that will be a chance to wrap up the different ideas
that were developed and then they will be presented to HRA and City Council.
ADJOURN:
MOTION by Commissioner Holm to adjourn. Seconded by Commissioner Billings.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE
MOTION CARRIED UNANIMOUSLY AND THE MEETING ADJOURNED AT 6:30 P.M.
Respectfully Submitted,
�i�,► f�J%C�iL.J
Krista Monsrud
Recording Secretary
-� COMMUNITY DEVELOPMENT
DEPARTMENT
PLANNING DIVISION
Memorandum
DATE: October 26, 2007
TO: HRA Commission Members
FROM: Julianne Beberg, Planning Assistant
SUBJECT: Proposed 2008 HRA Commission Meeting Dates
The following dates are for your review and approval of the proposed
2008 HRA Commission meeting dates.
Jan.
Feb.
Mar.
April
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
3
7
6
3
1
5
3
7
4
2
6
4
ACTION ITEM
ri HRA MEETING OF NOVEMBER 10 2007
CRY of
FRIDLEY
Date: October 26, 2UU f tl,
To: William Bums, Executive Director
From: Paul Bolin, Asst. Executive HRA Director
Subiect• Home & Garden Show Admin. Contract
Background
The Fridley HRA has been the fiscal agent for the Home & Garden Show since its
inception 10 years ago. The Cities of New Brighton, Mounds View, and Blaine are
partners in sponsoring the show. The revenues from booth rentals more than cover all
of the expenses associated with the show.
After the 2004 show, staff from the sponsoring cities determined that contracted
administrative help would be desirable. There are a number of tasks necessary to
organize a successful show. Advertising, finding sponsors, mailing out & receiving
booth registrations, selecting table & curtain vendors, and site logistics were taking up a
large amount of staff time. Additionally, it was often hard to coordinate if the tasks were
divided up between the different staff people.
For the past 3 years the group has contracted with Marsha Wagner (dba- Castle
Visions) to perform the administrative tasks mentioned above. Marsha has worked very
hard and the three shows she has been involved with have been succesful.
Additionally, Marsha was able to find sponsors and increased the revenue from booth
rentals.
The Home & Garden Show planning group would again like to contract with Marsha
Wagner for the 2008 Home & Garden Show. Marsha's rates are very reasonable and
the show generates adequate revenue to cover the cost of contracting with Marsha.
Staff Recommendation
Staff recommends that the HRA approve the contract between the HRA and Marsha
Wagner /Castle Visions to provide assistance with the 2008 Home and Garden Show,
as detailed in the attached contract.
CV Draft — 10/10/07
CUSTOMER CONTRACT
CLIENT NAME: Housing and Redevelopment Authority in and for the City of Fridley, 6431 University
Avenue N.E., Fridley MN 55432, 763-572-3591 (hereinafter referred to as "Client")
CONTRACTOR: CastleVisions, Young Quinlan Building, 81 S. 9t' Street, Suite 415, Minneapolis, MN
55402, 612 - 338 -2122 (hereinafter referred to as "Contractor")
SCOPE OF SERVICES: Contractor will provide administrative services as described in the attached
Schedule 1 — Services and Compensation and other administrative duties agreed to between the parties
during the term of the contract, all of which relate to the coordination of the 2008 North Metro Home and
Garden Show.
RATES: Contractor shall bill Client at the rate of $50.00 per hour for administrative services provided
during the term of this contract, as further described in the attached Schedule 1 — Services and
Compensation.
Rush projects or work performed on weekends or evenings (excluding services provided on the day of the
Show) will be performed at the rate of 150% of the hourly rate of the rush project.
The rates set forth in this Agreement will not be increased for at least one year from the date of the
agreement. Contractor reserves the right to increase its rates beyond that date with no less than 30 days'
advance written notice.
Contractor will invoice Client on a monthly basis for the duration of the project.
CONFIDENTIALITY: Contractor will keep confidential any and all documents of Client (electronic or
paper). Any and all documentation, information, files (electronic or paper) will be returned to Client upon
completion of each project unless directed otherwise by Client.
APPOINTMENTS: Client shall deliver and pick up work by appointment only. Client shall pay a fee of
$50.00 for missed appointments (including over Y2 hour late) unless Contractor is notified at least one
hour prior to the appointment.
CONSULTATION: Time spent conferring about Client's project shall be billed at the hourly rate of
$50.00.
CHARGES AND PAYMENT: Work shall be estimated according to the Industry Production Standards
established and published by the Association of Business Support Services International Inc. and billed at
the rates described in Schedule 1. Because of the varying nature and unpredictability of different projects,
it is not possible to give formal estimates. Payment is due when client picks up the work, whether in draft
or final form (unless otherwise agreed to by Contractor). Payment for first -time customers should be made
in cash unless otherwise arranged. A fee of up to $100 may be charged for any returned check.
Contractor shall retain work until payment is received.
In the event of changes to the scope of work or other factors outside of Contractor's control, Contractor
shall reserve the right to renegotiate this Agreement and collect for all services performed up to the date
of renegotiation.
PROOFREADING & REVISIONS: Work will be copy edited in pen on Client's rough draft unless Client
specifically requests otherwise. An updated printout of Client's document shall be returned to Client for
proofreading, and the final copy printed only after Client approves the draft. Corrections and revisions
shall be billed at the regular hourly rate. Final responsibility for proofreading and approving the final
draft lies with Client. Contractor cannot be held liable for typographical omissions, content, etc.
Home Garden Show Admin Contract -2008 10/10/20077
Client will include a hard (printed) copy of the most recent version of the document when submitting work
for revision, making any revisions directly on the copy in red pen. Client will also keep a copy at Client's
office for reference in case of telephone questions.
REPRESENTATIONS, WARRANTIES AND INDEMNIFICATION: Client shall indemnify, defend and
hold Contractor, its agents and employees, harmless from loss, damage, liability, claims, demands, suits,
and expenses, including but not limited to reasonable attomeys' fees, based on fines or penalties
resulting from any failure on the part of Client to comply with any laws, ordinances, rules or regulations or
failure to obtain licenses or permits as may be required on any patent, copyright, trade secret, or other
intellectual property or contract rights of any person or entity. In the event that any of the services
performed by Contractor are determined to be infringing, Contractor shall, at its own expense, modify or
replace the same so that it is not infringing, provided that the replacements and modifications shall
perform substantially the same as the replaced items.
STORAGE: Files will be stored on disk for one month at no charge. Resumes are stored permanently at
no charge. Client may purchase a disk and backup disk if planning to return for revisions after one month.
If Client brings work in on a floppy disk or cassette tapes, Client shall first make and retain a backup copy.
Contractor cannot be responsible for loss due to error or damage.
TERM AND TERMINATION: This Agreement shall commence on October 10, 2007, for one year and
may be terminated by either party upon two (2) weeks written notice to the other without cause and
further provided that either party hereto may terminate this Agreement immediately upon a breach by the
other of its duties hereunder. In the event of termination, Client shall pay contractor for all hours and
expenses accrued up to the date of termination. In the unlikely event litigation is commenced between the
parties of this Agreement, the party prevailing shall be entitled, in addition to other relief, to a reasonable
sum for attorney's fees.
APPROVED:
CASTLEVISIONS
By
Yh
Marsha Wagner
President
Date: 2D0 7
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF FRIDLEY
By:
Its: Chairperson
Date:
IPA
By;
Its: Executive Director
Date:
SCHEDULEI
SERVICES AND COMPENSATION
A. Contractor will perform the following Services, as requested by Client, subject to the terms and
conditions of the Customer Contract:
1. Administrative services related to the coordination of the North Metro Home and Garden
Show, including the following specific duties:
a. Vendor registration
b. Coordinate marketing and advertising efforts
c. Event logistics
d. Sponsor solicitation
e. Coordinate workshops
f. Assistance at event
B. Contractor will provide no more than one hundred twenty (120) hours of services for client during
the term of this contract.
C. Payment for Services shall be at the following rates during the term of this Agreement:
• $50.00 per hour, not to exceed $6,000.00 during the entire term of the contract.
D. Reasonable expenses incurred by Contractor in performing Services will be subject to review and
approval by Client.
E. All fees and approved expenses will be paid within thirty (30) days after receiving Contractor's
invoice.
DATE: October 26, 2007
TO: William W. Burns, Executive Director of HRA 40
FROM: Rick Pribyl, Finance Director
Mike Jeziorski, HRA Accountant
Paul Bolin, Assistant Director of HRA
SUBJECT: Approval of Preliminary 2008 Budget
On Thursday night, staff will present a draft of the 2008 budget for HRA review. Rick
Pribyl, Mike Jeziorski, and Paul Bolin will be available to answer any questions that the
Commissioners may have on the proposed budget. The HRA's input will lead to staff
making revisions to the draft budget and then presenting a final version for consideration
at the December 6th meeting.
The budget is divided into three separate categories. The General Fund covers the bulk
of the administrative and overhead costs of the HRA. The Housing Loan Program Fund
covers the housing related programs and services (CEE programs such as Operation
Insulation) and the $1.5M loan with the City. The Capital Outlay Funds include all of the
tax increment (TIF) districts.
A 2008 draft budget packet including: cash balances as of 9/30/07 and detailed budget
sheets for the categories mentioned above have been included for your review.
H: \—Paul's Documents%1RA%1RA Agenda Items\2007\November 1, 2007\Nov2007(2008 PreliminaryBudget Merno).doc
City of Fridley HRA
2008 Draft Budget
Packet
2007 Cash Balances ................Page (1 -2)
2008 Budget
General Fund ...............Page (3 -4)
Housing Program ......... Page (5 -6)
Tax Increment Districts..Page (7 -13)
Debt Schedule .........................Page (14 -15)
City of Fridley HRA
2007 Cash Balances
As of 9130/07
City of Fridley HRA
Cash Balances
as of 9/30/07
Cash Balances
Fund Description Balance
100
General Fund
4,504,796.90
265
Housing Loan Program
3,277,777.91
450
Center City
2,029,147.96
451
Moore Lake
(242,543.49)
452
North Area
1,544,745.07
455
Lake Pointe
48,181.33
456
Winfield
578,643.79
458
Onan
1,484,899.39
462
University
274,929.65
463
McGlynn
180,001.53
464
Satellite
368,907.24
467
57th Ave
(4,407.08)
468
Gateway East
31,180.81
470
Gateway West
3,889.58
472
TIF #19
(29,900.71)
501
Housing Replacement
240,685.95
Total
14,290,935.83
Fa
City of Fridley HRA
2008 Budget
General Fund
R"
City of Fridley HRA
Budget
Fiscal Year 2008
Account Description
100 - General Fund
Revenues
City Revenues
1 OD -0000 -311 -1000 Tax Levy
100 -0000- 311 -2000 Tax Levy - Delinquent Years
1 OD- 0000 - 3341000 Residual MV Homestead Credit
Other Miscellaneous Revenue
100 -0000 -362 -1000
Interest on Investment Earnings
100 -0000 -362 -1500
Interest on Mortgages (Agro-h)
100- 0000 -362 -2000
Rent and Royalties (Frauenshuh - parking lot renteq
100- 0000 -362 -5100
Sale of Miscellaneous Property (Medtronic Land Sale Payment)
2007 Activity YTD as a % of
through 9/30107 FY 2007 Budget Budget FY 2008 Budget
183,706.40 373,151.00 49% 377,000.00
NIA
N/A
183,706.40 373,151.00 49% 377,000.00
159,459.91
222,500.00
72%
180,000.00
4,001.76
5,300.00
76%
4,900.00
7,200.00
9,600.00
75%
9,600.00
34,368.38
67,300.00
51%
67,300.00
205,030.05
304,700.00
67%
261,800.00
Total ,Revel ues. Gen6 A&d
Expenses
Salaries and Wages
1 OD-0000-430-41 01
100 -0000- 430 -4107
1OD -0000 -430 -4107
100 -0000- 430 -4112
Benefits•
I OD- 0000-430-4120
100 - 0000 - 430 -4122
100 - 0000-430 -4125
1OD- 0000 -43D -4131
100 - 0000-430 -4132
1 OD- 0000 - 430 -4133
100-0000-430 -4150
Supplies and Materials
100 -000D- 4304221
Purchased Services
100 -0000- 430-4330
100- OOOD-430 -4331
100 - 0000 - 430 -4332
1 OD- 0000 -430 -4333
IOD -0000- 430 -4334
100- 0000 - 430 -4335
IOD- 0000-430 -4336
100 - 0000 - 430 -4337
100 -0000- 430 -4338
100- 0000 - 430 -4340
Capital Outlay
100 -0000 -430 -4350
100 -0000- 30-4520
Full Time Employee Salary
49,976.62
77,792.00
64%
81,432.00
Temporary Employee Salary
6,058.08
-
WA
-
Administration Charges (Allocation)
89,450.00
178,900.00
50%
184,300.00
Employee Leave
7,316.58
750.00
N/A
500.00
180.30
152,801.28
256,692.00
60%
265,732.00
Medicare (1.45% of Salary)
918.13
1,128.00
81%
1,200.00
Social Security (6.2% of Salary)
3,926.11
4,823.00
81%
5,000.00
Wells Fargo Contribution (6.0•/ of Salary)
3,580.83
4,668.00
77%
4,900.00
Health Insurance
8,357.53
11,437.00
73%
12,600.00
Dental Insurance
175.37
240.OD
73%
264.00
Ufa Insurance
38.25
51.00
75%
100.00
Workers Compensation
1,338.58
778.00
172%
1,800.00
18,334.80
23,125.00
79%
25,864.00
Operating Supplies
38.06
675.00
6%
100.00
38.06
675.00
60k
100.00
Professional Services (EhlersXross Monroe)
Dues and Subscriptions (NAHRO, AICP)
Communication (Allocation)
Transportation (Mileage Reimbursement)
Advertising
Printing and Binding (Allocation)
Insurance - Non Personnel (Allocation)
Conferences/SeminamfTraining (Ehlers Seminar)
Utility Services
Services Contracted (Mowing Contract)
Payments to Other Governments (Property Taxes)
Capital Outlay- Building/Land Purchases
68,764.90
75,000.00
92%
75,000.00
-
425.00
0%
425.00
128.85
223.00
58%
162.00
51.90
150.00
35%
150.00
173.25
750.00
23%
500.00
180.30
1,000.00
18%
551.00
7,475.52
20,451.00
37%
15,699.00
654.00
2,000.00
33%
2,000.00
1,979.04
200.00
990%
1,000.00
3,971.77
5,000.00
79%
5,000.00
83,379.53
105,199.00
79%
100,487.00
41,005.31 - NIA -
1,717,999.69 NIA 700,000.00
1,759,005.00 WA 700,000.00
Netin
UnaudNed Data - For Management Purposes Only
City of Fridley HRA
2008 Budget
Housing Loan Program
3
Account Description
265 - Housing Loan Programs
Revenues
Other Miscellaneous Revenue
265 - 0000 -362 -1000 Interest on Investment Earnings
265 - 0000 -362 -1501 Interest on Mortgages (Pool 0, 1, 2)
265 - 0000 - 362 -1500 Interest on Mortgages (Poo / 31ACCAP)
265- 0000 - 362 -6100 Mismllaneous Revenue (Home and Garden Show)
City of Fridley HRA
Budget
Fiscal Year 2008
2007 Activity YTD as a % of
through 9/30107 FY 2007 Budget Budget FY 2008 Budget
98,241.92
122,900.00
78%
131,000.00
35,849.89
45,000.00
80%
48,000.00
4,027.03
-
N/A
1,400.00
14,975.00
14,000.00
107%
15,000.00
151,093.84
181,900.00
83%
195,400.00
fib^ b1i1'D93 $QODO _�96,4b
Total Revenues;
Expenses
Purchased Services
265 - 0000 - 430 -4330
Professional Services (Castle Vision - Home Show)
5,695.47 '
8,000.00
71%
7,000.00
265 - 0000 - 430 -4334
Advertising (Clear Channel -Home Show)
553.80
1,000.00
55%
1,000.00
265- 0000 - 430 -4335
Printing and Binding (Advantage Sign - Home Show)
273.71
500.00
55%
500.00
265 - 0000-430 -4340
Services Contracted (CEE)
15,230.12
35,000.00
44%
35,000.00
265 - 0000 - 430 -4341
Charges /Rentals (National Sports CenterlCenaiko - Home Show)
6,912.51
5,500.00
126%
7,000.00
265 - 0000-475 -4610
Debt Serviceilnterest Expense (1.5 MUlion Loan with City)
19,962.46
19,963.00
100%
16,550.00
48,628.07
69,963.00
70%
67,050.00
Total-••
Netlrlcomd'1*1 t; : T 03. 3100 _ 36190.
Unaudited Data - For Management Purposes Only
City of Fridley HRA
2008 Budget
Tax Increment Districts
450 - Center City (1979 -2009)
Revenues
City Revenues
450 - 0000 -311 -1000
450 - 0000 -311 -2000
450 - 0000 - 3341000
Other MiscelianeoL
450 -0000- 362 -1000
Account Description
Tax Levy
Tax Levy - Delinquent Years
Residual MV Homestead Credit
is Revenue
Interest on Investment Earnings
City of Fridley HRA
Budget
Fiscal Year 2008
Total Re 61611
Expenses
Purchased Services
450-0000- 430 -4330 Professional Services
2007 Activity YTD as a % of
through 9130107 FY 2007 Budget Budget FY 2006 Budget
279,131.64 579,800.00 48% 579,800.00
1,247.60 - WA -
- - WA
280,379.24 579,800.00 48% 579,800.00
57 754.67 54,700.00 106% 81,000.00
57,754.67 54,700.00 106% 81,000.00
2,693.61 3,500.00 77% 3,000.00
2,693.61 3,500.00 77% 3,000.00
Totai µCa . _ b . �. �... ' � � . � � '._ •_ �f� � .�;
Net 1tiddirie
451 - Moore Lake Area (1981 -2007)
Revenues
City Revenues
451 - 0000 -311 -1000
Tax Levy
267,609.62
555,900.00
48%
-
451- 0000 -311 -2000
Tax Levy - Delinquent Years
4,938.42
-
WA
-
451 -0000- 3341000
Residual MV Homestead Credit
610 804.96
1,245,200.00
WA
1,245,200.00
Other Miscellaneous Revenue
272,548.04
555,900.00
49%
452 - 0000 -362 -1000
Other Miscellaneous Revenue
54 793.87
63,900.00
86%
62,000.00
451- 0000 -362 -1000
Interest on Investment Earnings
(240.23)
63,900.00
WA
62,000.00
Total
(240.23)
WA
Tota(Xeveglftee -+d
1'
Alf
Expenses
Purchased Services
Professional Services
2,382.75
3,500.00
68%
3,000.00
451 - 0000-430-4330
Professional Services
2,392.57
3,000.00
80%
3,000.00
2,392.57
3,000.00
80%
3,000.00
Other Finance Uses
451- 0000 - 475 -4750
Payments to Primary Governments (20048 and 2005B Bonds)
631 612.50
645,408.00
98%
34,000.00
631,612.50
645,408.00
98%
34,000.00
Neflirid o'_wr
452 - North Area (1982 -2008)
Revenues
City Revenues
452 - 0000 - 311 -1000
Tax Levy
596,250.44
1,245,200.00
48%
1,245,200.00
452 - 0000 - 311 -2000
Tax Levy - Delinquent Years
14,554.52
WA
610 804.96
1,245,200.00
49%
1,245,200.00
Other Miscellaneous Revenue
452 - 0000 -362 -1000
Interest on Investment Earnings
54 793.87
63,900.00
86%
62,000.00
54,793.87
63,900.00
86%
62,000.00
Total
Expenses
Purchased Services
452 - 0000 - 430 -4330
Professional Services
2,382.75
3,500.00
68%
3,000.00
2,382.75
3,500.00
68%
3,000.00
Unaudited Data . For Management Purposes Only
City of Fridley HRA
Budget
Fiscal Year 2008
455 - Lake Pointe (1985 -2025)
Revenues
City Revenues
Tax Levy
2007 Activity
YTD as a % of
51%
65,100.00
Account Description
through 9130107 FY 2007 Budget
Budget
FY 2008 Budget
Capital Outlay
679,800.00
455- 0000 -311 -2000
Tax Levy - Delinquent Years
796.51
452 - 0000 - 431 -4530
Capital Outlay (Bantill Pay as you go) Completed 7 -18-07
42,240.88 77,000.00
55%
343,718.18
679,800.00
42 240.99 77.000.00
55%
Other Miscellaneous Revenue
Other Finance Uses
19,200.00
88%
23,000.00
455 - 0000 - 362 -1000
452- 0000 - 475 -4750
Payments to Primary Governments (2004B and 2005B Bonds)
1,238,325.00 1,224,080.00
101%
1,825,000.00
[�
1,238,325.00 1,224,080.00
101%
1,825,000.00
2,000.00
Total Reyteittles�TC'��P
ra'
,
Expenses
Total Ez"er;ses
Purchased Services
NetlncoiiiBi�' ortt►..
�� � �����* ..� r� "`�� ��:��-
�`�s 6e x 1 �"� fi� '" �0° �� � �
�� ; 62GB00°
455 - Lake Pointe (1985 -2025)
Revenues
City Revenues
Tax Levy
32,929.85
65,100.00
51%
65,100.00
455 - 0000 -311 -1000
Tax Levy
342,921.67
679,800.00
50%
679,800.00
455- 0000 -311 -2000
Tax Levy - Delinquent Years
796.51
65,100.00
WA
65,100.00
Other Miscellaneous Revenue
343,718.18
679,800.00
51%
679,800.00
Other Miscellaneous Revenue
16,828.00
19,200.00
88%
23,000.00
455 - 0000 - 362 -1000
Interest on Investment Earnings
7,585.06
7,900.00
96%
2,000.00
[�
7,585.06
7,900.00
96%
2,000.00
Total Reyteittles�TC'��P
ra'
,
Expenses
Purchased Services
Professional Services
982.78
1,000.00
88%
1,000.00
455- 0000 - 430 -4330
Professional Services
1,025.78
3,000.00
34%
2,000.00
Total EX04600
tlf a , .,'
1,025.78
3,000.00
34%
2,000.00
Capital Outlay
455 - 0000 -430-4536
Parking Facilities (Medtronic Pay as you go)
309,346.36
611,820.00
51%
611,820.00
308,346.36
611,820.00
51%
611,820.00
ToWlIEX
0
N at; InCb' +s°: �_ .r'1"
456 - Winfield (1986 -2012)
Revenues
City Revenues
456 - 0000 - 311 -1000
Tax Levy
32,929.85
65,100.00
51%
65,100.00
456 - 0000 - 311 -2000
Tax Levy - Delinquent Years
82.58
N/A
-
33,012.44
65,100.00
51%
65,100.00
Other Miscellaneous Revenue
456- 0000 - 362 -1000
Interest on Investment Earnings
16,828.00
19,200.00
88%
23,000.00
16,828.00
18,200.00
88%
23,000.00
[�
Expenses
Purchased Services
456- 0000 - 430 -4330
Professional Services
982.78
1,000.00
88%
1,000.00
982.78
1,000.00
98%
1,000.00
Total EX04600
tlf a , .,'
�n =. i Of gw� &� C
r�ln Oe00'
458 - Onan (1989 -2016)
Revenues
City Revenues
458 -0000 -311 -1000 Tax Levy 179,398.62 356,800.00 50% 356,800.00
458- 0000 -311 -2000 Tax Levy- Delinquent Years 1,566.85 WA -
180,965.47 356,800.00 51% 356,800.00
Other Miscellaneous Revenue
Unaudited Data - For Management Purposes Only
1
City of Fridley HRA
Budget
Fiscal Year 2008
462 - University /Osbome (1992 -2018)
Revenues
City Revenues
462 - 0000 - 311 -1000
Tax Levy
2007 Activity
44,000.00
YTD as a % of
44,000.00
462- 0000 - 311 -2000
Account Description
through 9/30/07 FY 2007 Budget
Budget
FY 2008 Budget
458 -0000- 362 -1000
Interest on Investment Earnings
42,522.76
42,800.00
99%
59 000.00
44,000.DO
Other Miscellaneous Revenue
42,522.76
42,800.00
99%
59,000.00
Total
Interest on Investment Earnings
7,950.14
8,800.00
90%
11,000.00
Expenses
7,950.14
- 8,800.OD
90%
11,DOO.DO
Purchased Services
456 - 0000 - 430 -4330
Professional Services
1,154.78
1,500.00
77%
1,500.00 .
Expenses
1,154.76
1500.00
77%
1,500.00
Total F.zriefis� >an
Professional Services
K3 7�r�
1,500.00
.b0 .
Not lnaorhe
462 - 0000 - 430-4330
Professional Services
_ 1,360.57
1,500.00
462 - University /Osbome (1992 -2018)
Revenues
City Revenues
462 - 0000 - 311 -1000
Tax Levy
22,041.76
44,000.00
50%
44,000.00
462- 0000 - 311 -2000
Tax Levy - Delinquent
0.13
36,000.00
N/A
36,000.00
Other Miscellaneous Revenue
22,041.69
44,000.00
50%
44,000.DO
Other Miscellaneous Revenue
5,182.07
5,500.00
94%
7,000.00
462 -0000 -362 -1000
Interest on Investment Earnings
7,950.14
8,800.00
90%
11,000.00
7,950.14
- 8,800.OD
90%
11,DOO.DO
Total"
Expenses
Expenses
Purchased Services
Professional Services
1,351.97
1,500.00
90%
1,500.00
462 - 0000 - 430-4330
Professional Services
_ 1,360.57
1,500.00
91%
1,500.00
1,360.57
1,500.00
91%
1,500.00
Total Eki%ns= t)niits
Net lncoma?
463 - McGlynn (1992 -2019)
Revenues
City Revenues
463 - 0000 -311 -1000
Tax Levy
18,007.13
36,000.00
50%
36,000.00
18,007.13
36,000.00
50%
36,000.00
Other Miscellaneous Revenue
463 -D000 -362 -1000
Interest on Investment Earnings
5,182.07
5,500.00
94%
7,000.00
5,182.07
5,500.00
94%
7,000.00
Expenses
Purchased Services
463 - 0000 - 430 -4330
Professional Services
1,351.97
1,500.00
90%
1,500.00
1,351.97
1,500.00
90%
1,500.00
-
Nafidc/�m`
464 - Satellite (1995 -2023)
Revenues
City Revenues
464 -0000 -311 -1000 Tax Levy 24,326.03 51,400.00 47% 51,400.00
464 -DOOD- 311 -2000 Tax Levy- belinquent Years - - N/A
464 -000D- 3341000 Residual NN Homestead Credit WA
24,326.03 51,400.00 47% 51,400.00
Unaudded Data - For Management Purposes Only
`Q
City of Fridley HRA
Budget
Fiscal Year 2008
Account Description
Other Miscellaneous Revenue
464 -0000 -362 -1000 Interest on Investment Earnings
Expenses
Purchased Services
464 - 0000.430 -4330 Professional Services
2007 Activity YTD as a % of
through 9130107 FY 2007 Budget Budget FY 2008 Budget
10,728.85 11,900.00 90% 15,000.00
10,728.85 11,900.00 90% 15,000.00
1,240.78 1,500.00 83% 1,500.00
1,240.78 1,500.00 83% 1,500.00
Tots pe es
467 - 67th Ave (1997 -2023)
Revenues
City Revenues
467 -ODOD -311 -1000 Tax Levy
467 - 0000 -311 -2000 Tax Levy- Delinquent Years
Other Miscellaneous Revenue
467- 0000 -362 -1000 Interest on Investment Earnings
Expenses
Purchased Services
467- 0000 - 430-4330 Professional Services
Capital Outlay
467 -0000- 4314510 Capital Outlay (Unn Pay as you go)
11,682.51 23,300.00 50% 23,300.00
38.90 N/A
11,721.41 23,300.00 50% 23,300.00
0.35 N/A
0.35 WA
991.38 1,500.00 66% 1,500.00
991.38 1,500.00 66% 1,500.00
10,549.00 17,040.00 62% 20,970.00
10,549.00 17,040.00 620/6 20,970.00
Total-Ex�
Net.IncbM
468 - Gateway East (2001 -2028)
Revenues
City Revenues
468 - 0000 - 311 -1000 Tax Levy
468 - 0000 - 311 -2000 Tax Levy - Delinquent Years
468- 0000 - 3341000 Residual MV Homestead Credit
Other Miscellaneous Revenue
468- 0000 -362 -1000 Interest on Investment Earnings
19,581.04 45,500.00 43% 45,500.00
- - N/A
N/A -
19,581.04 45,500.00 43% 45,500.00
1,342.04 1,400.00 98% 1,000.00
1,342.04 1,400.00 96% 1,000.00
Totals 6. a 'ii .,
Expenses
Purchased Services
468 - 0000 - 430 -4330 Professional Services
Total�EXp ° °�,:vira� ..�
470 - Gateway West (2006 -2032)
Revenues
Unaudited Date • For Management Puryoses Only
1,275.18 1,500.00 85% 1,5D0.00
1,275.18 1,500.00 85% 1,500.00
City of Fridley HRA
Budget
Fiscal Year 2008
Account Description
City Revenues
470 - 0000 -311 -1000 Tax Levy
470 - 0000 -311 -2000 Tax Levy - Delinquent Years
Other Miscellaneous Revenue
470 - 0000 - 362 -4200 From Primary Government (MN DOT Money)
470 - 0000 - 362 -5100 Sale of Misc Property
468- 0000 -362 -1000 Interest on Investment Earnings
2007 Activity YTD as a % of
through 9/30/07 FY 2007 Budget Budget FY 2008 Budget
N/A
N/A
N/A
17,150.00 - N/A -
86,771.25 348,000.00 25% 393,750.00
75.27 1,400.00 5% _ _ 200.00
103,996.52 349,400.00 30% 393,950.00
Total'R��i "e "nUeS�.Bate�itay
Expenses
Purchased Services
470 - 0000 - 430-4330
Professional Services (Loan Closes)
6,395.88
12,000.00
53%
12,000.00
470 - 0000 - 430 -4340
Services Contracted (Mowing Contract)
640.00
4,500.00
14%
2,500.00
470 - 0000 - 430 -4350
Payments to Other Governments (Anoka County - Property Tax)
4,246.65
2,500.00
170%
-
501 - 0000 - 3341000
MV Homestead Credit
11,282.53
19,000.00
59%
14,500.00
Capital Outlay
14,882.03
28,600.00
52%
28,600.00
470 - 0000430 -4530
Improvements other than building (Final Asphalt)
50,000.00
0%
50,000.00
Interest on Investment Earnings
7,006.97
7,900.00
50,000.00
0%
50,000.00
Total,
.� ' " -;
g, 169
°OQO
10,000.00
Total
Netincbr`ni3sa8"
472 - TIF #19 (Pending Information)
Revenues
City Revenues
472 - 0000 - 311 -1000 Tax Levy
472 -0000- 311 -2000 Tax Levy - Delinquent Years
Total1 2et+ e8-."TIF#7._
Expenses
Purchased Services
472 - 0000 - 430 -4330 Professional Services
NIA -
WA
N/A
29 900.71 N/A 5,000.00
29,900.71 WA 5,000.00
Total E*p6A "% " ..
501 - Housing Replacement (1997 -2024)
Revenues
City Revenues
501- 0000 - 311 -1000
Tax Levy
14,882.03
28,600.00
52"/0
28,600.00
501- 0000- 311 -2000
Tax Levy - Delinquent Years
-
WA
501 - 0000 - 3341000
MV Homestead Credit
WA
-
14,882.03
28,600.00
52%
28,600.00
Other Miscellaneous Revenue
501- 0000 -362 -1000
Interest on Investment Earnings
7,006.97
7,900.00
89%
10,000.00
7,006.97
7,900.00
89%
10,000.00
Total
Expenses
Purchased Services
501- 0000 - 430-4330
Professional Services
1,154.73
3,000.00
38%
1,500.00
501 - 0000-430 -4340
Services Contracted (Mowing Contract)
360.00
3,500.00
10%
1,000.00
1,514.73
6,500.00
23%
2,500.00
Unaudited Data - For Management Purposes Ony
\ "
City of Fridley HRA
Budget
Fiscal Year 2008
2007 Activity YTD as a % of
Account Description through 9/30107 FY 2007 Budget Budget FY 2008 Budget
Netlncome,- a�RRe ":cifl • ,
466 - Expired TIF Business Center
Returned money to County
(662,660.23) NIA
(662,680.23) N/A
Grand Total N6t nadme t is k,, x _ 32® x721 a n� nn a» inn ;QQ
Unaudited Data - For Management Purposes only
City of Fridley HRA
Debt Schedule
NA
U
P
Debt Payment Schedule
PER TIF District
Cash Balance 9/30/07
2007 2nd Half Tax Increment
2008 Tax Increment
2008 Debt Payment
2009 Tax Increment
2009 Debt Payment
2010 Tax Increment
2010 Debt Payment
2011 Tax Increment
2011 Debt Payment
2012 Tax Increment
2012 Debt Payment
Fridley HRA '
Debt Service /Bond Payments
TIF Districts 11213
North Area
2007 through 2012
1,544,745
Expire 2009
Expire 2007
TIF #1
TIF #2
Center City
Moore Lake
2,029,148
(242,543)
289,900
277,950
579,800
-
-
(33,837)
579,800
-
(250,956)
-
(604,906)
-
(608,003) -
(618,159) -
Expire 2008
TIF #3
North Area
Total
1,544,745
3,331,350
622,600
1,190,450
1,245,200
1,825,000
(1,825,178)
(1,859,015)
-
579,800
(1,525,539)
(1,776,495)
-
(604,906)
-
(608,003)
-
(618,159)
Approximate Ending Cash Balance 1,396,624 1,570 61,828 1,460,022
*Allocations derived by trying to use up cash on TIF #2 first followed by TIF #3 and then TIF #1
*Please note that we are projecting a cash surplus of roughly 1 AM after the debt service is paid back
�S
A INFORMATIONAL ITEM
ri HRA MEETING OF NOVEMBER 11 2007
MY OF
FRIDLEY
Date: October 26, 2007 A,
To: William Bums, City Manager 40
From: Paul Bolin, Asst. Executive HRA Director
Scott Hickok, Community Development Director
Subiect• Anoka County HRA with EDA Powers
Anoka County developed an Economic Development Exploratory Committee in
December of 2006 to investigate the need /feasibility of creating an Economic
Development Authority. The Committee worked with a consultant to determine if there
was a need for the additional tools that a county -wide EDA could provide. After
reviewing the results of a survey of all cities and townships, it was determined by the
Committee that enough gaps in development assistance existed within the county to
warrant the County HRA taking on EDA powers.
On Thursday night, Karen Skepper, Anoka County Community Development Manager,
will give a brief presentation on the study results and actions taken to implement the
EDA powers. You will have an opportunity to ask questions and learn more about the
expanded powers of the County HRA.
To give some more background prior to Thursday, I have attached a list of questions
and responses that Dr. Bums had solicited from Karen Skepper for a city newsletter
article on the County HRA.
Springstead was hired to guide the committee through the
process of gathering information and making a
recommendation to the County Board. The committee
members discussion and the response from cities through the
Local Govenunent Inventory Questionnaire were the key
factors for conclusions reached and the recommendations
made. Springsteads role was that of a moderator and record
keeper for the committee.
5. You talked about identifying gaps in service. What kind
of service are you talking about?
The gaps identified were related to the delivery of economic
development services.
6. Where are these gaps in Anoka County?
There were nine gaps identified by the committee. They are
listed below in no particular order:
• Ability to buy property with the change in eminent
domain law
• Limited financial resources dedicated to economic
development
• Lack of staff dedicated to economic development
activities who have the expertise and knowledge of
economic development tools
• Organizational structure for sharing information and
coordinating communications among Anoka County and
its cities and townships
• Better image of the County and a coordinated approach
to "branding"
• Feasibility study of fiber optics and other technological
infrastructure and a coordinated approach to technology
development
• Availability of up -to -date demographic data and
projections
• Central point of contact for businesses considering
locating or expanding in Anoka County; better
understanding of relationship between economic
development and redevelopment subsidies and job gains
and losses
• Ability to provide economic development services to
communities that do not have an EDA
7. We have a viable Fridley HRA. To what extent do you
see service gaps in Fridley?
The Local Government Inventory Questionnaire completed by
the city of Fridley indicated that there is a shortage of funds
available for redevelopment. Participation in the economic
development activities of the Anoka County HRA would
provide an additional source of funds for redevelopment.
8. One of the gaps you talked about had to do with
acquiring property through eminent domain. How does
extending the County EDA into Fridley address that
gap?
Changes in eminent domain laws have the potential to
increase the cost of a project and in some cases may keep a
project from moving forward. The additional financial
resources from the County may allow a project to move
forward
9. You also. talked about gaps in high speed Internet
access. How will a County EDA address that issue.
Since I have nothing but dial -up at my second residence
in Polk County, Wisconsin, could you convince Polk
County to-do the same thing?
The ACHRA will undertake a feasibility study in 2008 to
determine the best way to bring high speed access to the
entire county.
10. The Committee concluded that the gaps justify the
creation of a County EDA. What will happen to the
existing County HRA?
The recommendation from the exploratory committee was
that the powers of an EDA be granted to the existing HRA.
This means the HRA will remain in place.
11. How does the taxing authority of the County EDA
compare with the County HRA?
State Statute provides the county HRA or EDA the same
taxing authority as that provided to a city.
HRA's have a maximum levy of 0.0144% of taxable market
value and FDA's have a maximum levy of 0.01813% of
taxable market value.
12. If you tax at the greatest possible rate, what will
that cost the owner of a $216,000 Fridley home?
$51.73
13. What do you anticipate the tag rate will be for the
newly established EDA? What will that cost the owner
of the average value home in Fridley?
At this time I do not have a final count on how many
communities plan to participate. Many City Councils will be
considering the resolution to participate in the next few
weeks. Once resolutions have been received I will work with
the property tax division to detennine how the levy will be
spread between the participating communities.
14. Will cities have the ability to opt in or out of the
County EDA?
Participation in the economic development activities of the
HRA require a city or township to elect participation by
resolution. Once a community opts in to the economic
development activities State Statute allows for opting every 5
years.
15. If they want to opt in, how may they do it?
A city or township must pass a resolution electing
participation in economic development activities of the HRA
16. What incentive is there for Fridley to opt in?
In my opinion, opting in to the ACHRA and the economic
development activities will allow a community such as
Fridley to reinvest in older conununities and complete
redevelopment projects more quickly due to the additional
financial resources
17. If we do opt in, will the tax monies raised in Fridley
be used in,Fridley?
It has been the practice of the. ACHRA to place funds
generated from the HRA levy into a fund for the community
in which the tax was levied.
18. How long does Fridley have to decide whether they
are in or out?
A community can opt in at any time. Once in they must
remain in the program for.5 years. To be included in the 2008
prograin year the ACHRA will need notification of
participation before the final levy is certified to property
taxes. The ACHRA will be receiving resolutions of
participation and approving the budget and levy at a special
meeting on Sept. 11, 2007. There are several communities
that have requested preliminary inclusion in the budget and
levy, as their councils will not be able to consider the
resolution until later in Sept. or early Oct.
19. To date, what other Anoka County cities have
opted in?
As of Aug. 31, 2007 the following communities have elected
participation:
Burns, Columbus, Hilltop, Lexington, St. Francis, Spring
Lake Park
The following communities anticipate approval of the
resolution in the next several weeks:
Columbia Heights, Coon Rapids
The following communities will be included in the
preliminary budget and councils will consider the resolution
after the Sept. ACHRA Board meeting:
Centerville, Hain Lake, Lino Lakes, Linwood
20. When do you anticipate that the new EDA will be
up and running?
There will not be a new entity created — the HRA was granted
the powers of an EDA effective June 12, 2007.
21. Will you be hiring additional staff?
At this time additional staff will not be hired. If there is a
need, based upon requests from cities that participate, staffing
levels will be reevaluated
22. Will the EDA continue to manage the CDBG
distribution?
The Community Development Department will continue to
manage the CDBG and HOME programs. Any activity that
requires board approval will continue to receive approval
through the ACHRA. The County Board is required to
approve the final funding package for CDBG and HOME
each year.
23. What else should I tell our many readers?
I think your questions have hit upon the main points.
ACTION ITEM
11IN HRA MEETING OF NOVEMBER 11 2007
CrrY OF
FRIDLEY
Date: October 26, 2007
To: William Bums, City Manage4r*)
From: Paul Bolin, Asst. Executive HRA Director
Scott Hickok, Community Development Director
Subiect: Northstar_Rail Tunnel Fundinq Update
The HRA reviewed a draft of the Memorandum of Understanding between the HRA and
the Anoka County Regional Rail Authority at last nights meeting and provided staff with
a number of comments and questions. Staff and legal counsel will continue to work on
the comments and questions raised and bring a finalized version of the MOU to the
HRH's meeting for approval.
I will e-mail a finalized version of the MOU prior to Thursday's meeting.
HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF
FRIDLEY, COUNTY OF ANOKA, STATE OF MINNESOTA
HRA RESOLUTION NO. 2007-04
A RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF A
MEMORANDUM OF UNDERSTANDING BETWEEN THE HOUSING AND
REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY,
MINNESOTA AND ANOKA COUNTY REGIONAL RAILROAD 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 enter into a Memorandum of Understanding
(the "MOU") between the Authority and Anoka County Regional Railroad Authority. (the
"ACRRA "), as shown in Attachment 1.
Section 2. Findings.
2.01 The Authority hereby finds that it has approved and adopted a development program
known as the Redevelopment Plan for its Redevelopment Project No. 1 (the "Redevelopment
Program") pursuant to Minnesota Statutes, Section 469.001 et seq., as amended and supplemented
from time to time.
2.02 The Authority hereby finds that the MOU promotes the objectives set forth in its
Redevelopment Program.
Section 3. Authorization for Execution and Delivery.
3.01 The Chairman and the Executive Director (the "Officers ") of the Authority are hereby
authorized to execute and deliver the MOU when the following condition is met:
Substantial conformity of the MOU to the form of MOU presented to
the Authority as of this date, with such additions and modifications as
the Officers may deem desirable or necessary as evidenced by their
execution of the MOU.
PASSED AND ADOPTED BY THE HOUSIN AND REDEVELOPMENT AUTHORITY IN
AND FOR THE CITY OF FRIDLEY THIS is D Y NO' 2007.
�f47
tence R. miners, Ch ' an
ATTEST:
William W. Burns, Executive Director
MEMORANDUM OF UNDERSTANDING
BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF FRIDLEY, MINNESOTA
AND
ANOKA COUNTY REGIONAL RAILROAD AUTHORITY
WHEREAS, The Anoka. County Regional Railroad Authority (the "ACRRA "), is an
incorporated regional railroad authority as defined in Minn. Statutes § Section 398A.01 and
following and has the powers enumerated therein including the power to enter into and perform
the obligations in this Memorandum of Understanding (the "MOU"); and
WHEREAS, ACRRA intends to execute a memorandum of understanding with the
Minnesota Department of Transportation (the "MN /DOT") in which ACRRA will be MN/DOT's
designee to enter into the Underpass Construction Agreement as provided for in Minn. Statutes §
Section 174.82 (the ACRRA/MN/DOT memorandum of understanding is attached as an exhibit
to the MOU); and
WHEREAS, the Housing and Redevelopment Authority in and for the City of Fridley,
Minnesota (the "HRA ") is a duly constituted housing and redevelopment authority as defined in
Minn. Statutes § 469.001 and following and has the powers enumerated therein including the
power to enter into and perform the obligations in the MOU; and
WHEREAS, the HRA has adopted a Redevelopment Plan for Redevelopment Project
No. 1 and has included the area for Fridley Station in its Redevelopment Project No. 1.
THEREFORE, pursuant to the MOU:
I. ACRRA will:
A. Execute the Underpass Construction Agreement, substantially in the form
attached as Exhibit A to the ACRRA MN/DOT memorandum of understanding
and deliver it to BNSF on or before November 13, 2007;
B. Provide periodic progress reports to the HRA;
C. Pay for the costs of constructing the tunnel in accordance with the Underpass
Construction Agreement;
II. HRA will:
A. Provide, if possible, a construction easement to allow BNSF to construct the
tunnel in accordance with the Underpass Construction Agreement or, if not
possible, the funding for such an easement;
B. Provide funding for the acquisition of property described in paragraph III, B.
Memo of Understanding
III. ACRRA and HRA will:
Page 2
A. Work jointly to seek MetCouncil, State or Federal funding or reimbursement of
funds to design and construct the platform, the tunnel, park and ride and other
public improvements and to acquire the site;
B. Work jointly with the City, MetCouncil and MN/DOT to determine the
appropriate entity to acquire any property not currently owned by ACRRA which
is necessary and convenient for the construction, development and maximum
utilization of the Fridley Station.
This MOU is not a binding contract between HRA and the ACRRA. Either HRA or the
ACRRA may, upon written notice to the party, amend or discontinue its role, as outlined in this
MOU.
IN WITNESS WHEREOF, the parties have caused this MOU to be duly executed
intending to be bound thereby.
Anoka County Regional Railroad Authority
^
By: _
Dated:
Attest:
Dated:
Dan Erhart, Chair
Tim Yantos, Executive Director
Housing PQ Reooelopmentithority� in and for the City of Fridley, Minnesota
By: Lk(vrbi& R. Co r , Chauma
By: w
i liam . Burns, ere
Executive ctor
Dated: November 1, 2007
Fridley HRA
Housing Program Summary
Cover Page
November 1, 2007 HRA Meeting
Report Description
Loan Application Summary Loan application activity (e.g. mailed
out, in process, closed loans) for
October 2007 and year -to -date.
Loan Origination Report
Remodeling Advisor &
Operation Insulation
Loan originations for October and year -
to -date.
Shows the number of field appointments
scheduled and completed the Operation
Insulation and Remodeling Advisor
Services administered by Center for
Energy and Environment.
* * *At the time of packet compilation, this information was not
available from CEE.
The information will be provided on Thursday night.
M -Paul's Documents\HRA\HRA Agenda Items\2007Wugust 2, 2007\Housing Program Cover Page(F606).doc