HRA 02/19/2009 SPEC - 6235February 19, 2009
HRA Meeting
Special Meeting Agenda
7.00 p.m.
City Hall, Council Chambers
Call to order
Roll call.
Action Items
1. Approval of Resolution Authorizing Memorandum of Understanding on the
Basic Terms of a Ground Lease of HRA Property for NS Rail Operations
• The Anoka County Regional Railroad Authority ( "ACRRA ") and /or the
Metropolitan Council (the "Council ") intend to enter into a Ground Lease with
respect to property owned by the HRA to be used for a headhouse, road access,
surface parking and other improvements as part of the Fridley Station.
• Met Council requested that a Memorandum of Understanding be executed prior to
ACRRA giving notice to proceed for construction on February 27, 2009.
• The MOU is a summary of the terms to be put into the lease agreement that we
are going to develop between now and August 1st
2. Approval of Resolution Requesting Approval of Special Legislation by the
Minnesota Legislature Reauthorizing the Housing Replacement Program
• In 1995 the Legislature gave the City of Fridley the ability to create a multi -
phased scattered site housing replacement TIF District.
• The Law allowed the City of Fridley a total of 10 years to acquire up to 50 homes.
• The City did utilize this program successfully until housing values started rising
ridiculously quickly prior to the program expiring in 2004.
• With the drop in market values, due to foreclosures and the overall economy, now
is a good time to reenact the legislation.
Other
1. Home & Garden Show
• Saturday February 28th - 9AM — 2PM
• Schwan Center — Blaine (next to Super Rink on 105th)
2. Northstar Groundbreaking & Open House
• The Northstar Project Office is hosting a groundbreaking ceremony and open
house for the Fridley Station on Tuesday March 3rd
• The groundbreaking is set to take place at 4PM on March 3rd and an informational
open house will follow in the City Hall lobby starting at 5PM.
Adjournment
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