HRA 12/02/2010 - 6259December 2, 2010
"r HRA Meeting
Regular Meeting Agenda
7:00 p.m.
City Hall, Council Chambers
Call to order
Roll call.
Action Items
1. Approval of expenditures
2. Approval of November 4, 2010 Meeting Minutes
3. Approval of Scattered Site Phase V TIF District
Informational Items
11—� 1. Home Remodeling Demonstration Program
2. Housing Loan Program Update
Adjournment
H:WIy Documents\HRA\2010 AGENDAS\December -2010 Agenda Outline.docH:Wly DocumentAHRA\2010
AGENDAS \December -2010 Agenda Outline.doc
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CITY OF FRIDLEY
HOUSING AND REDEVELOPMENT AUTHORITY COMMISSION
NOVEMBER 4, 2010
CALL TO ORDER:
Chairperson Commers called the HRA Meeting to order at 7:01 p.m.
ROLL CALL:
MEMBERS PRESENT:
MEMBERS ABSENT:
NONMEMBERS PRESENT:
ACTION ITEMS:
1. Approval of Expenditures
Pat Gabel
Larry Commers
Stephen Eggert
John Meyer
William Holm
Paul Bolin, HRA Assistant Executive Director
Becky Kiernan, Accountant
MOTION by Commissioner Eggert to approve the expenditures as presented. Seconded by
Commissioner Gabel.
UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY
2. Approval of October 7, 2010 Meeting Minutes
MOTION by Commissioner Gabel to approve the minutes as presented. Seconded by
Commissioner Meyer.
UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY
3. Approval of 2011 HRA Meeting Dates
MOTION by Commissioner Eggert to approve the 2011 HRA Meeting Dates. Seconded by
Commissioner Gabel.
UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY
4. Approval of Home and Garden Show Administrative Contact
Paul Bolin, HRA Assistant Executive Director, said that Fridley has been the fiscal agent for the
Home and Garden Show for 13 years. (Blaine & Mounds View) Revenues from booth rental
cover expenses for the show. Since 2005, the Home and Garden Show has contracted with
Marsha Wagner of Castle Visions to perform all administrative tasks for the show. Her work has
been excellent and much appreciated by all. Staff recommends approval of the contract
authorizing Castle Visions to perform the administrative work for the 2011 Home and Garden
Show.
Commissioner Gabel asked about the $2,000 profit and how that money was handled.
Mr. Bolin said that money was put back into the HRA General Fund. If this event were to fall
short in the years to come, HRA has funds to make up for any shortfall. These funds are tracked
year to year.
Chairperson Commers asked on the last page of the contract if the termination date should be
changed to 2011.
Mr. Bolin said that is correct.
Commissioner Meyer asked if this contract is the same as last year.
Mr. Bolin said that is correct, this contract has not changed in the last five years.
MOTION by Commissioner Eggert to approve the Home and Garden Show Administrative
Contract. Seconded by Commissioner Gabel.
UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY
5. Approval of Demolition Contract — Housing Replacement Program (HRP)
Paul Bolin, HRA Assistant Executive Director, said that the April Legislation reauthorized the
Housing Replacement Program. This program allows HRA to purchase up to 78 more properties
to demolish/rehab and place into a multi - phased scattered site TI District. These homes can be
constructed or improved up to 150% of the average home value. HRA will hold a hearing on TI
District Creation on December 2 "d, Council will hold a hearing and take action on December
13t ". The first two properties have been purchased and are ready for demolition.
Mr. Bolin said that a formal bid process is not required but the City Public Works Department
ran a formal bid process on our behalf. The bids opened at LOAM on November 3rd and one bid
was received from Frattalone Company for $ 26,734. This bid price was lower than staff
estimates. Staff recommends the contract be awarded to Frattalone Company in the amount of
$26,734. Frattalone Company will be able to complete demolition in the desired timeframe.
Commissioner Gabel asked about the home that was filled with garbage and asked if they
would be able to separate the hazardous waste materials.
Mr. Bolin said that in the past few years the environmental regulations have really tightened up,
and all hazardous waste, down to the caulking around the windows, will be removed.
Chairperson Commers asked if the property on Fairmont would be done at the same time.
Mr. Bolin said that the bid is for both properties.
Chairperson Commers asked if a public hearing would be needed each time a home was added.
Mr. Bolin said that the way the HRP TIF plan is being restated and amended, the HRA would
not have a Public Hearing and this would allow staff to adopt properties in a quicker fashion
down the road. It will allow the HRA to add parcels by motion or resolution.
Commissioner Meyer asked if there was any insight as to why there was only one bidder.
Mr. Bolin said that contractors may have looked at the detail that was needed and did not want
to put the effort into the bid.
Commissioner Meyer asked if the city was excessive in the bid request.
Mr. Bolin said that based on a few comments that were received; smaller contractors were not as
interested in putting work into a bid as detailed as ours.
Commissioner Gabel asked if that type of detail was needed for the city's protection.
Mr. Bolin said that is correct, the hazardous materials need to be properly addressed.
MOTION by Commissioner Gabel to approve the Demolition Contract for the Housing
Replacement Program. Seconded by Commissioner Eggert.
UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY
INFORMATIONAL ITEMS:
1. Housing Remodeling Demonstration Program
Paul Bolin, HRA Executive Assistant Director, said that the home on Mississippi Street had one
showing this past month. The current market is not good and people are not buying right now.
Staff will continue to watch the market and if adjustments need to be made with the pricing they
will come back to the Authority. There is an opportunity to coordinate the home on Second
Street with this remodel.
Chairperson Commers asked when the home on 2nd Street was built.
Mr. Bolin said the home was built in 1959 with the addition put on in the late 80's, early 90's_
Commissioner Eggert asked what the availability was of other homes.
Mr. Bolin said that every day staff is looking at more homes. These past months not as many
have been coming on the market so it is slowing down; lately not much is available. Both the
Mississippi Street home and the project on Second Street could be put in the Housing
Replacement Program to help recover some costs. Special legislation allows tear down or to
rehabilitate the home; that way if there was a short fall on any of these remodels it would be
covered.
2. Housing Loan Program Update
Paul Bolin, HRA Assistant Executive Director, said that in October two RLF loans were closed
and one Deferred loan was also closed. This makes a total of 16 loans year to date. There were
no Remodeling Advisor Visits and the total year to date is 12.
NONAGENDA ITEMS:
Waters of Fridley
Trident Development, St. Cloud, continues to slowly move forward. The group still plans to
break ground on the project before the end of the year.
Faulkner Development
There have been discussions of the relocation of sanitary sewer lines and how to do it; they have
come up with a plan on the best way to proceed. The building permit has been picked up,
footings are in place and typical building construction should start to happen next week.
HRP Acquisitions
Staff has negotiated the purchase of the vacant parcel at 434 Liberty Street. The home is in on a
combination of slab and crawl space and contains mold on the interior. The home will be
demolished after the Authority takes possession in late November and has had the hazardous
materials review completed.
Chairperson Commers asked if this parcel would be included with the other two parcels.
Mr. Bolin answered no; this is another one where there were title issues and staff had to extend
the closing dates. Staff will bring this back in January for inclusion.
Columbia Arena
Bill Fogerty is working with Ebenezer Homes on retrofitting the arena into 83 senior living units.
There will be drastic changes to the exterior of the building with windows and dormers. The
units will be lined up on the exterior of the building with large courtyard areas in the middle of
the building. On November 17, they will go before the Planning Commission to request a /'�
Special Use Permit and variance for the existing building. Colored drawings will be presented at
that meeting for those who would like to attend.
Chairperson Commers asked what the 83 senior units would look like.
Mr. Bolin said there would be a mix of units; smaller units with the bulk having one bedroom,
assisted living and different levels of care for dementia and Alzheimer's disease.
Chairperson Commers asked if there would be congregate dining.
Mr. Bolin answered yes.
GWNE
Things are progressing, as of right now there are no title issues and the properly is set to close on
November 19. The bid process for demolition of the Tae Kwan Do, Sikh Society Building and
Select Comfort Building should take place during the month of January. Staff will bring forward
a recommendation for a demolition contractor to the HRA's February meeting. Demolition will
begin around the first of March and be completed prior to the road restrictions going into place.
Mr. Trooien
There was an article regarding Mr. Trooien filing chapter 11 bankruptcy in the Star Tribune.
This information is distributed for informational purposes as Mr. Trooien is the property owner
of the 25 acre vacant parcel on 694 and East River Road. This is a large parcel in the tax
increment district and when developed it will be a revenue generator. The title is in the JLT
group which is one of his companies. It is unclear if this property is involved in the
reorganization.
Northstar
There will be a news release tomorrow in the paper about the Northstar Executive Committee's
meeting this afternoon. They are in the process of processing the application for federal funding
for phase two service from dig Lake to St. Cloud. Originally it was top priority to make this link
happen but with the economkrecession and the high unemployment iRa===ce rates they have
not seen usage of the Northstar as they had hoped to see. Because of this the Northstar will not
go forward with the application ate until ridership is built up. The focus will continue to
be on increasing ridership and they will keep the bus link from St. Cloud to Big Lake.
Northstar will be offering some free ridership days for people in the viewing area to ride the
Northstar; Tuesday November It and Wednesday November 17. Volunteers will be available to
help people through the process and they hope to generate ridership.
A pilot project will be started later this month to offer a midday bus on Fridays. There has been
a drop in ridership on Fridays because some people only work a 1/z day on Friday and did not
have an option to get home. A bus will tie people ®®1 � at Ipm on Fridays and will only stop
in Fridley if people need to get off. Any e interested can find more information on Fridley's
website and link to Metro Transit. \\
Q
Twin Cities Community Capital Fund Being Closed Down
This program is a way for cities to loan to businesses for gap funding. The program started in
1993 with the MN Community Capital Fund. This started with outstate cities and then the 503
nonprofit group was formed. Any community can join this statewide group. If Fridley wanted
to become a member they could deposit any amount of funds, like $20,000, which would allow
Fridley to loan out 10 times that amount. If the economy turns around the program would be
more viable. Legislation is being worked on at the State level to give guarantees on these loans
and this would be a tool for Fridley to use for businesses who want to relocate to Fridley or
expand.
ADJOURNMENT:
MOTION by Commissioner Eggert to adjourn. Seconded by Commissioner Gabel.
UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY AND THE MEETING ADJOURNED AT
8:05 P.M.
Respectfully Submitted,
Krista Monsrud, Recording Secretary
W
AWV ACTION ITEM
HRA MEETING OF DECEMBER 2, 2010
MY of
FRIDLEY
uate: November 24, ZU1U
To: William Burns, City Manager
From: Paul Bolin, Asst. Executive HRA Director
Subject: Scattered Site Housing Replacement Phase V Creation
Attached for Authority consideration is a resolution approving Phase V of the Housing
Replacement Program's (HRP) scattered site tax increment - financing district. Once a
parcel is included in the district, the HRA collects tax increment for a period of 15 years
The increment is used to help cover some of the costs of the program (ie. acquisition,
demolition, property maintenance, etc.). Unlike a traditional tax increment district, the
HRP is less cumbersome to administer and changes to the TIF Plan will further
streamline the process for adding parcels to the program.
,..� Since the program originally began in 1995, the City approved four phases (1995, 1997,
2001, and 2004) for a total of 22 properties prior to the program expiring in 2004.
Under special legislation approved in April 2010, the City can designate up to 100 total
parcels, inclusive of the 22 properties already in the program. As a final note, the will be
asked to approve Phase V of the program at their December 13, 2010 meeting.
Attached to this cover memo you will find a previously provided memorandum from
Attorney Casserly outlining the changes found in the TIF Plan, an updated chronology
for the creation of Phase V of our housing replacement district and a copy of the
restated housing district plan. The restated plan will give the HRA the flexibility to
simply add parcels, by resolution, without the expense and time delays caused by
notifications and hearings for each parcel added in the future.
Recommendation
Staff recommends that the Authority approve the attached resolution amending the
Housing Replacement Program to include Phase V.
HRA RESOLUTION NO.
RESOLUTION APPROVING AND ADOPTING A RESTATED
HOUSING REPLACEMENT DISTRICT PLAN FOR HOUSING
REPLACEMENT DISTRICT NO. 1 INCLUDING PHASES I -IV AND
APPROVING AND ADOPTING PHASE V FOR HOUSING
REPLACEMENT DISTRICT NO.1
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: j
Section 1. Recitals.
1.01. It has been proposed that the Authority approve and adopt a Restated Housing
Replacement District Plan for Housing Replacement District No. 1 (the "Plan ")
and adopt Phase V to Housing Replacement District No. 1 (the "District "),
pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to
469.047 and 469.174 to 469.1799, inclusive, as amended and supplemented.
This proposal is also pursuant to the original statutory authority provided by Laws
of Minnesota 1995, Chapter 264, Article 5, Sections 44 through 47 in which the
Housing Replacement District Plan was originally approved and Housing
Replacement District No. 1 was created. This original statutory authority was
amended by Laws of Minnesota 1996, chapter 471, article 7, section 22, and
Laws of Minnesota 1997, chapter 231, article 10, section 13, and Laws of
Minnesota 2002, chapter 377, article 7, section 6, and Laws of Minnesota 2008,
chapter 154, article 9, section 19, and Laws of Minnesota 2010, Chapter 216,
Section 42.
1.02. The Authority has performed all actions required by law to be performed prior to
the approval and adoption of the Plan and expansion of the District.
1.03. The Authority hereby determines that it is necessary and in the best interests of
the City and the Authority at this time to approve and adopt the Plan and Phase
V for the District to achieve the Authority's and Gity's goal for acquiring blighted,
undeveloped, or underdeveloped parcels for redevelopment or rehabilitation, and
for resale as market rate housing.
Section 2. Findings.
2.01. The Authority hereby finds that the adoption and implementation of the Plan is
necessary to assure the development and redevelopment of market rate housing
within the City.
2.02. The Authority hereby finds that the Plan conforms to the comprehensive plan of
the City for the development and redevelopment of the City as a whole.
2.03. The Authority hereby finds that the Plan affords maximum opportunity consistent
with the sound needs of the City as a whole for development and redevelopment
within the District by private enterprise.
2.04. The Authority hereby finds that the approval and adoption of the Plan and Phase
V to the District is intended and, in the judgment of this Authority, its effect will be
to promote the public purposes and objectives specified in the Plan.
Section 3. Approval and Adoption of the Plan.
3.01. The Restated Housing Replacement District Plan including Phases I -IV is hereby
approved and adopted by the Commissioners of the Authority.
Section 4. Approval of Phase V to the District.
4.01, Phase V to the Housing Replacement District No. 1 is hereby approved and
adopted by the Commissioners of the Authority.
Section 5. Filing of Plan.
5.01, Upon approval and adoption of the- Plan, the Aaftr"hall cause- said- Plwtzrb-f--
filed with the Minnesota Department of Revenue, the Office of State Auditor and
Anoka County.
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF FRIDLEY THIS DAY OF , 2010.
ATTEST:
William W. Burns, Executive Director
MMB: 48444368 -7176, v. 1
2
Lawrence R. Commers, Chairman
CITY OF FRIDLEY
PROPOSED CHRONOLOGY
FOR (1) ADOPTION OF RESTATED HOUSING REPLACEMENT DISTRICT PLAN
FOR HOUSING REPLACEMENT DISTRICT NO. 1 INCLUDING PHASES I -IV
AND (ii) ADOPTION OF PHASE V FOR HOUSING REPLACEMENT DISTRICT NO. 1
-------------------------------------------------------------------------------------------------------------
THURSDAY, OCTOBER 7, 2010 HRA MEETING
Financial Overview of Restated Plan
THURSDAY, OCTOBER 28, 2010 NOTICE PROVIDED TO COUNTY RE: ROAD COSTS
(minimum 45 days prior to public hearing)
THURSDAY, NOVEMBER 4, 2010 HRA MEETING
Review Restated Plan
MONDAY, NOVEMBER 8, 2010 COUNCIL MEETING
Call for public hearing
THURSDAY, NOVEMBER 11, 2010 RESTATED HOUSING REPLACEMENT DISTRICT PLAN
PROVIDED TO ANOKA COUNTY
(minimum 30 days prior to public hearing)
RESTATED HOUSING REPLACEMENT DISTRICT PLAN
PROVIDED TO SCHOOL DISTRICT(S)
(minimum 30 days prior to public hearing)
THURSDAY, NOVEMBER 18, 2010 PUBLICATION OF PUBLIC HEARING NOTICE
(10 - 30 days prior to public hearing)
THURSDAY, DECEMBER 2, 2010 HRA MEETING
(1) adopt Restated Housing Replacement District Plan for
Housing Replacement District No. 1 including Phases I -IV
(2) adopt Phase V of Housing Replacement District No. 1
MONDAY, DECEMBER 13, 2010 CITY COUNCIL MEETING - PUBLIC HEARING
(1) adopt Restated Housing Replacement District Plan for
Housing Replacement District No. 1 including Phases [-IV
(2) adopt Phase V of Housing Replacement District No. 1
Revised November 1, 2010
MMB: 4829 -3829 -9911, V. 1
MONROE
MEXNE88
13ERG
James R. Casserly
Jcasserly@mmblawfirm.com
Direct 962.885.1296
Greg D. Johnson
gjohnson@mmblawflrm.corn
Direct 962.888.6994
MEMORANDUM
8000 Norman Center Drive T 952.885.5999
Suite 1000 F 952.885.5969
Minneapolis, MN 66437 -1178 www.MMBLawFirm.com
To: City of Fridley Housing and Redevelopment Authority
Attn: Paul Bolin, HRA Assistant Executive Director
Attn: Scott Hickok, Community Development Director
Attn: Bill Burns, City Manager
From: James R. Casserly, Esq.
Greg D. Johnson, CPA, Senior Financial Analyst
Date: September 28, 2010
Re: Fridley Housing Replacement Program - updated
Our File No. 9579 -13
Attached is our most recent draft of the City's Restated Housing Replacement District
Plan (the "Restated Plan "). The City originally adopted a Housing Replacement District
Plan in 1995 after Special Legislation was approved specifically allowing several cities
to initiate a market rate housing program (the "Program "). Fridley added additional
parcels to its Program in 1997, 2001 and 2004. In 2010, the Legislature r reauthorized
certain changes and expanded the number of parcels that could be included in Fridley's
Program. The Restated Plan incorporates a number of changes to the original District
Plan including the updates authorized by the 2010 Special Legislation. The motivation
for adopting the Program was to provide specific communities with a financial tool to
encourage the development of market rate housing. The Tax Increment Act clearly
assists with low income housing options and the redevelopment of blighted property.
However, communities, such as Fridley, also need to stabilize and promote market rate
housing. The Special Law authorizing and amending the Program has a number of
unique features which include the following:
• It is solely a market rate program and any housing assisted must not exceed
150% of the average market value of single family housing in Fridley.
• The program is designed to deal with vacant sites, parcels containing vacant
houses, or parcels containing houses that are structurally substandard (using the
redevelopment definition contained in the Tax Increment Act).
/1 �
• Tax increment is calculated by determining the value of the improvements on the
parcel. The value of existing improvements are ignored. As a result, the value of
the entire structure is used in the calculation to determine the tax increment (this
allows the HRA to buy structures to be demolished or to buy homes that need
substantial rehabilitation without being penalized).
• Once the City and the HRA have approved a housing replacement district plan
and have established criteria for the inclusion of parcels in the housing
replacement district, then a simpler process can be employed to include
additional parcels.
In the Restated Plan, the following items should be noted:
• The Municipal Action Taken provides a history of the Program in the City of
Fridley.
• Section 1.5 describes the criteria for including parcels in the District.
• Section 1.6 describes the procedure for adding parcels to the District, This
Section allows for inclusion of additional parcels by resolution of the HRA
provided that the parcels adhere to the required criteria.
• Section 1.7 further allows the Authority to delete parcels from the District and
describes the circumstances in which this may occur.
• Section 1.9 describes the proposed development activity and indicates that 100
parcels may be included. This has been specifically authorized by the 2010
Special Legislation which also eliminated a restriction on the number of parcels
that could be included in any one year and eliminated any sunset to the Program.
• Section 1.10 describes the estimated project costs and Exhibit 1 -A shows the
budget for existing phases and for potential additional phases.
• Section 1.12 provides for an analysis for the estimated impact of including the
parcels on the various taxing entities. Because Fridley is in four (4) school
districts and we do not know how many parcels might be included in the Program
in any given school district, we have shown the impact of the inclusion of one
parcel and 78 parcels for each school district.
• In addition to restating the Housing Replacement District Plan, we are also
adding Phase V which includes two (2) parcels.
This Restated Plan which incorporates the changes authorized by the 2010 Special
Legislation will provide the City with another useful tool in addressing its housing
2
needs. The Program should be most helpful in allowing the City to address foreclosure
problems,-vacant housing issues and housing in need of substantial rehabilitation. It is
also possible to use the Program on vacant land to specifically promote market rate
housing. The Restated Plan allows the Authority to add parcels, or even to delete
parcels, if necessary, in a very expeditious and cost effective manner. Please let us
know if we can provide you with any additional information.
JRCIal
Enclosures
MMB: 484.9- 0378 -2647, v. 1
3
l�
,1111�
DRAFT: September 29, 2010
RESTATED
HOUSING REPLACEMENT DISTRICT PLAN
•;_
HOUSING REPLACEMENT DISTRICT NO. 1,
INCLUDING PHASES L II, III, IV, V
THE HOUSING AND REDEVELOPMENT AUTHORITY
In And For
THE CITY OF FRIDLEY, MINNESOTA
AS RESTATED AND AMENDED
December 13, 2010
Prepared by:
MONROE MOXNESS BERG PA
8000 Norman Center Drive, Suite 1000
Minneapolis, MN 55437
(952) 885 -5999
MM$; 4825- 8932 -1474. Y. I
MUNICIPAL ACTION TAKEN
Based upon the original statutory authority provided by Laws of Minnesota 1995, Chapter 264,
Article 5, Sections 44 through 47, the Housing Replacement District Plan was approved and Housing
Replacement District No. 1 was created. This original statutory authority was amended by Laws of
Minnesota 1996, chapter 471, article 7, section 22, and Laws of Minnesota 1997, chapter 231, article
10, section 13, and Laws of Minnesota 2002, chapter 377, article 7, section 6, and Laws of
Minnesota 2008, chapter 154, article 9, section 19, and Laws of Minnesota 2010, Chapter 216,
Section 42. As a result of these amendments the Restated Housing Replacement District Plan was
approved and was amended to include Phase V.
The following municipal action was taken in connection therewith:
October 23, 1995: The Housing Replacement District Plan, including Phase I, was
MMD: 4843 -3415 -1938, v. I
adopted.
November 24,1997:
The Housing Replacement District Plan was amended to include
Phase H.
May 3, 2001:
The Housing Replacement District Plan was amended to include
Phase III.
July 1, 2004
The Housing Replacement District Plan was amended to include
Phase IV.
December 13, 2010
A Restated Housing Replacement District Plan was adopted and
was amended to include Phase V.
MMD: 4843 -3415 -1938, v. I
11�
4
TABLE OF CONTENTS
This Table of Contents is not part of the Housing Replacement District Plan; it is only for
convenience of reference.
ARTICLE I. HOUSING REPLACEMENT DISTRICT PLAN
Section 1.1.
Definitions
Section 1,2.
Statutory Authorization
Section 1.3.
Statement of Objectives
Section 1.4.
Statement of Compliance
Section 1.5.
Criteria for Inclusion in the District
Section 1.6,
Conditions for Acquisition
Section 1.7.
Proposed Development Activity
Section 1.8.
Estimated Project Costs
Section 1.9.
Estimated Sources of Revenue
Section 1.10.
Estimated Impact
Exhibit I -A
Estimated Project Costs
Exhibit I -B
Estimated Impact
ARTICLE II. PHASE I
Exhibit 11 -A Boundary Map
ARTICLE III. PHASE II
Exhibit III -A Boundary Map
ARTICLE IV. PHASE III
Exhibit IV -A Boundary Map
ARTICLE V. PHASE IV
Exhibit V -A Boundary Map
ARTICLE VI, PHASE V
Exhibit VI -A Boundary Map
MMB; 4W- 7260-9794, v. 1
PAGE #
1 -1
1 -1
1 -2
1 -3
1 -3
1 -3
1 -4
1 -4
1 -4
1 -4
I -A -1
I -B -1
2 -1
II -A -1
3 -1
III -A -1
4 -1
IV -A -1
5 -1
V -A -1
6 -1
VI -A -1
ARTICLE I
RESTATED HOUSING REPLACEMENT DISTRICT PLAN
Section L L Definitions. The terns defined below shall, for purposes of this Housing
Replacement District Plan, have the meanings herein specified, unless the context otherwise
specifically requires:
"Act" means the Enabling Legislation and Minnesota Statutes Chapter 469.
"Authori " means the Housing and Redevelopment Authority in and for the City of Fridley,
Minnesota.
"City" means the City of Fridley.
"Comprehensive Plan" means the City's Comprehensive Plan.
"District" means Housing Replacement DistrictNo.1, created October 23,1995 and restated
December 6, 2010, and, as it may be subsequently amended.
"Enabling Legislation" means the Laws of Minnesota 1995, Chapter 264, Article 5, Sections
44 through 47, as amended by Laws of Minnesota 1996, chapter 471, article 7, section 22, and Laws
of Minnesota 1997, chapter 231, article 10, section 13, and Laws of Minnesota 2002, chapter 377,
article 7, section 6, and Laws of Minnesota 2008, chapter 154, article 9, section 19, and Laws of
Minnesota 2010, Chapter 216, Section 42.
"Market Rate Housing" means housing that has a market value that does not exceed one
hundred fifty percent (150 %) of the average market value of single - family housing in the City.
"Parcel" means a tract or plat of land established as a single unit for purposes of assessment.
"Phase" means the parcel(s) identified for inclusion and development as part of the Plan. A
Phase may include a single parcel. Phases are designated with Roman numerals.
"Plan" means the Restated Housing Replacement District Plan adopted October 23,1995 and
restated December 13, 2010, and as it may be subsequently amended. Plan also includes any eligible
program authorized by the Act.
"Protect" means a project as defined in Minnesota Statutes, Section 469.174, Subd. 8 and
Minnesota Statutes, Section 469.002, Subd. 12.
"Project Area" means the area within the territorial boundaries of the City in which the
Authority is authorized to develop, implement or operate a Project.
1 -1
Section 1.2. Statutory Authorization. The Enabling Legislation provides for the
establishment of the District and the adoption and implementation of the Plan. The Authority is
authorized under the Act to adopt the Plan and establish the Project Area,
Section 1.3. Statement of Objectives. Housing is essentially the determining factor by whi ch
a city is initially judged, and as a result, reflects the character of the city and the characteristics of its
resident population. The Authority has determined that there are certain areas within the City which
may negatively reflect its character and that of its residents. These areas are potentially more
valuable, more productive and more stable than is currently realized because they contain parcels that
are vacant, under- utilized or blighted, due to poor planning and subdivision and zoning practices and
to existing structures, which because of (i) dilapidation, (ii) obsolescence, (iii) overcrowding, (iv)
faulty arrangement or design, (v) lack of ventilation, light and sanitary facilities, (vi) inadequate land
coverage, (vii) obsolete layout, or (viii) any combination of these and other factors, are detrimental to
the safety, health, morals and welfare of the community. Consequently, the Authority has further
determined that it is in the best interests of the City to initiate a Plan to assist in creating viable
environments which would upgrade and maintain housing stock, maintain housing health and safety
quality standards, and maintain and strengthen the character of individual neighborhoods.
To achieve this goal the Authority has adopted a Plan and created a District and Project Area,
within which the Plan may be implemented, all pursuant to the Act. This multi -year, multi -phased
Plan will strive to achieve the Authority's and the City's sole objective of acquiring blighted,
�•.� undeveloped or underdeveloped parcels for redevelopment or rehabilitation and for ultimate resale as
Market Rate Housing. Additional public purpose goals that will be realized include:
restoration and improvement of the residential tax base
- realization of comprehensive planning goals
revitalization of property to create a safe, attractive, comfortable, convenient and
efficient area for residential use
- . creation and maintenance of a healthy and safe environment
removal of non - conforming Nand uses
- stimulation of private activity and investment to stabilize and balance the City's
housing supply
- elimination of code violations and nuisance conditions that adversely affect
neighborhoods
recreation and reinforcement of a sense of residential place and security which
1-2
creates neighborhood cohesiveness through City investment in neighborhood
infrastructure and public improvements, including landscaping, park improvements,
local street modifications to reduce traffic impacts, repaving streets, replacing curbs
and gutters and updating street lighting
encouragement of infill development/redevelopment that is compatible in use and
scale with surrounding neighborhoods
rehabilitation of existing housing stock and preservation of existing residential
neighborhoods where. possible
demolition and new construction, where necessary, of aging residential buildings to
preserve neighborhoods
removal of substandard structures, as defined in Minnesota Statutes, Section 469.174,
Subd. 10
Housing Replacement District No. 1 is a financing tool that may be utilized to pay the
eligible public redevelopment costs for project activities consistent with the public purposes and
objectives identified in the Plan. The City is the Project Area within which the District is
established. Parcels included in the District must conform with the eligibility criteria included in the
Act, the Enabling Legislation and the Plan.
Section 1.4. Statement of Compliance. The Authority has reviewed the Plan and determined
that it conforms to the Comprehensive Plan of the City and affords maximum opportunity consistent
with needs of the City as a whole.
Section 1.5. Criteria for Inclusion in the District. At the time of Plan approval, the Authority
cannot identify all parcels that will ultimately be included in the District. Asa result, the Authority
has set forth the following criteria to be used in selecting future parcels for inclusion in the District.
The proposed parcel must comply with the Plan goals and must satisfy one of the following criteria:
(1) be a vacant site;
(2) contain a vacant house; or,
(3) contain a house deemed structurally substandard pursuant to Minnesota Statutes,
Section 469.174, Subd. 10.
Parcels included in the District are designated as sites that will be prepared and sold for the
development or rehabilitation of Market Rate Housing. Following certification, some of the Parcels
included in the District may be subdivided and utilized for the construction of more than one housing
unit.
1 -3
Records documenting the original site conditions and eligibility of each Parcel certified for
inclusion in the District are on file in the offices of the Fridley Housing and Redevelopment
Authority, 6431 University Avenue NE, Fridley,- Minnesota.
Section 1.6. Procedure for Adding Parcels to the District. Following adoption of this Plan by
the City and Authority, and certification of the Parcels listed in the Phases herein, the Board of
Commissioners of the Authority may identify by resolution, at any time, any additional Parcels to be
added to the District. No more than 100 Parcels may be included in this District. These Parcels may
be added at any time without formal modification of this Plan, provided the designated Parcels meet
the criteria listed above.
Section 1.7. Procedure for Deleting Parcels from the District. If for any reason, Parcels
identified in a Phase, or added to this District in the future, are not redeveloped or rehabilitated for
Market Rate Housing, these Parcels may be deleted from the District. Examples of circumstances
that may result in the deletion of a Parcel from the District include polluted soils, excessive site
preparation costs, inability on behalf of the Authority to acquire the property, limitations on the
marketability of the property, or changes in land use. Under these circumstances, Parcels may be
deleted from the District by resolution of the Authority Board of Commissioners. if the Parcels that
are deleted from the District have not generated any tax increment subsequent to their initial
certification and have not utilized any tax increment funds from the District, these Parcel may be
replaced by other eligible Parcels.
�--� Section 1.8. Conditions for Acquisition. The Authority may acquire and reconvey parcels
subject to the following conditions:
(1) The Authority may acquire property by gift, dedication, condemnation or voluntary
acquisition in order to achieve the objectives of the Plan; and
(2) Such acquisition will be undertaken only when there is assurance of funding to
finance the acquisition and related costs.
Section 1.9. Proposed Develo mp ent Activity. The Authority intends to acquire parcels but
may not have more than a maximum of one-h undred (100) parcels at any time in order to achieve the
Plan's goals. The specific parcels and the development activity anticipated for those parcels are
included in the description of the applicable Phase. Parcels included in the District may be conveyed
to a redeveloper for the purpose of either building new Market Rate Housing or rehabilitating the
existing- structure.
Section 1.10. Estimated Proj ce t Costs. The estimated Project costs associated with the
District are listed on Exhibit I -A,
Section 1.11. Estimated Sources of Revenue. Project costs may be financed through (i)
State, County, Metropolitan Council or Federal grants, (ii) tax credits or other incentives, (iii) non-
1 -4
profit investments /contribution, (iv) the annual collection of tax increments, (v) local contribution
equal to a minimum of twenty -five percent (25 %) of Project costs payable from other unrestricted
monies of the HRA, (vi) a property tax levy, (vii) HRA general fund and other unrestricted revenues
available to the HRA. The tax increment revenues including the assumptions used for the estimated
impact in Section 1.12 are described on Exhibit I-C
Section 1.12. Estimated Impact. Exhibit I -B reflects the estimated impact of the proposed
District on other taxing entities assuming that the development would have occurred without the
creation of a District. If the development is a result of the creation of the District, the impact is $0
because the development would not have occurred without the assistance of the Authority. The City
is in four school districts and the Impact Analysis illustrates the impact of 1 parcel and 7 $ parcels in
each school district.
MMB: 4816 - 8341.7346, v. 1
1 -5
r"� ARTICLE V
PHASE V
Section 5.1. Specific Development ActiviV. As of December 13, 2010, the Authority
intends to enter into the following proposed development activity for this Phase: to acquire and
develop the property located at 5825 — 2 Y7 Street NE (Parcel l) and 521 Fairmont Street NE (Parcel
2) in Fridley, Anoka County, Minnesota.
Section 5.2. Estimated Project Costs. The estimated Project Costs for this Phase are listed
on Exhibit I -A.
Section 5.3. Estimated Market Value. The estimated market value for the housing unit in
this Phase cannot exceed 150% of the average market value of single family housing in the City. As
of January 2, 2010, the average .market value. of single family housing in the City is $175,200 and
150% of that number is $262,800. Upon completion of this Phase, the market value of the housing
units included within the Phase is estimated to be $200,000 each.
Section 5.4. Original Tax Capacity. The original tax capacity for this Phase, as most recently
certified by the Commissioner of Revenue on January 2, 2010, is estimated to be $546 for Parcel I
and $498 for Parcel 2.
Section 5.5. Estimated Captured Tax Capacity. Upon completion of the proposed
development activity, the estimated captured tax capacity of this Phase, on January 2, 2012, is
estimated to be $2,000 each for Parcel 1 and Parcel 2.
Section 5.6. Original Tax Cg2acity Rate. The pay 2010 tax capacity rate is 113.820 for
Parcel 1 and 94.964 for Parcel 2.
Section 5.7. Estimated Tax Increment. Tax increment for this Phase has been calculated
assuming a static tax capacity rate and a valuation increase of two and one half percent (2.5 %)
compounded annually: For Parcel I this amount is $1,655 and for Parcel 2 it is $1,426.
Section 5.8. Duration Limits. Tax increment from the parcels in this Phase is payable to the
Authority for fifteen (15) years from the date of receipt of the first tax increment. Assuming the first
tax increment is received in 2013, it is estimated both parcels in this Phase will terminate in 2028.
Section 5.9. Identification of Parcels. The parcels to be included in this Phase are legally
described as 23 -30 -24-23 -0152 and 03- 30 -24 -23 -0088 and are illustrated onthe attached Exhibit V-
A.
MMH: 4841- 7299 -8919, Y. 1
11-�
5 -1
EXHIBIT I -A
HRP Budget HRP Budget HRP Budget
Phases I - IV Phase V Add`I Phases
Source of Funds
Tax Increment Revenue
$ 438,421 $
62,000
$ 2,356,000
Investment Earnings
7,166
620
23,560
Bond Proceeds
16,400
623,200
639,600
Loan Proceeds
58,425
-
-
Sales/Lease Proceeds
-
-
-
Loan/Advance Repayments
(6,546)
(248,755)
F 0
Local Contribution
768,750
43,150
1,639,700
Other
Transfers in
2,064,705
67,450
2,563,100
Total- Sotxrc -e- of -Pund Q 3,330�01— $- 17aM0 82�360
Use of Funds
Land/building acquisition
Site Improvements /preparation costs
Installation of public utilities
Parking facilities
Streets and sidewalks
Interest reduction payments
Bond principal payments
Bond interest payments
Loan principal payments
Loan /note interest payments
Administrative costs
Other
Transfers out
Total Use of Funds
Total
Budget
$ 2,856,421
24,180
58,425
2,451,600
4,695,255
$ 2,250,000 $ 124,000 $ 4,712,000 $ 7,086`000
575,000
26,000
988,000
1,589,000
125,000
7,166
272,315
404,481
-
16,400
623,200
639,600
125,000
6,200
235,600
366,800
$ 3,075,000 $ -
-- 179,766
$ 6,831,115
$10,085,881
255,301
(6,546)
(248,755)
F 0
4836 - 2289 -2103 I -A -1
n
i
EXHIBIT I - B
ESTIMATED IMPACT OF HOUSING REPLACEMENT DISTRICT NO.1
Single Parcel
IMPACT ON TAX BASE - Single Parcel
IMPACT ON TAX BASE - ISD #11 - Single Parcel
TAX
ORIGINAL
ESTIMATED
CAPTURED
DISTRICT
RATE
TAX
TAX
TAX
TAX
AS %
ENTITY
BASE
CAPACITY
CAPACITY
CAPACITY
OF TOTAL
City of Fridley
26,555,023
500
2,000
1,500
0.006%
County of Anoka
295,039,609
500
2,000
1,500
0.001%
ISD 011
184,421,984
500
2,000
1,500
0.001%
ISD #13
18,547,967
500
2,000
1,500
D.008%
ISD #14
13,272,880
500
2,000
1,500
0.011%
ISD #16
36,129,220
500
2,000
1,500
0.004°%
IMPACT ON TAX BASE - ISD #11 - Single Parcel
IMPACT ON TAX BASE - ISD #18 - Single Parcel
ENTITY
TAX
% OF
TAX
TAX RATE
ENTITY
RATE
TOTAL
INCREMENT
INCREASE
City of Fridley
0.32258
$3.97%
484
0.002%
County of Anoka
0.35189
37.D6%
528
0.000%
ISD #11
0.19939
21.00%
299
0.000%
Other
0.07578
7.98%
114
0.94964
100.00%
1,424
IMPACT ON TAX BASE - ISD
#13 - Single Parcel
TAX
% OF
TAX
TAX RATE
ENTITY
RATE
_ TOTAL
INCREMENT
IN-CREASE
City of Fridley
0.32258
32.45%
484
0.002%
County of Anoka
0.35189
35.39%
528
0.0000/0
ISD #13
0.24398
24.54%
366
0.002%
Other
0.07578
7.62%
114
0.99423
100.000/0
1,491
IMPACT ON TAX BASE - ISD #14 - Single Parcel
TAX
% OF
TAX
TAX RATE
ENTITY
RATE
TOTAL
INCREMENT
JNCREASE
City of Fridley
0.32258
28.34%
484
0.002%
County of Anoka
0.35189
30.92%
528
0.000%
ISD #14
0.38795
34.08%
582
0.004%
Other
0.07578
6.660A
114
1.13820
100.0011/0
1,707
IMPACT ON TAX BASE - ISD #18 - Single Parcel
ENTITY
TAX
RATE
% OF
TOTAL
TAX
INCREMENT
TAX RATE
INCREASE
City of Fridley
0.32258
30.24%
484
0.002%
County of Anoka
0.35189
32.99%
528
0.000%
ISD #16
0.31654
29.67%
475
0.001%
Other
0.07578
7.10%
114
1.06679
100.00%
1,600
w Assumes construction would have occurred without the creation of a Tax Increment Financing
District. If construction is a result of Tax Increment Financing, the impact Is $0.
4850-6612 -2503
I -B -1
IMPACT ON TAX BASE - ISD #11 - All 78 Parcels
TAX
EXHIBIT 1- B
TAX
TAX RATE
ENTITY
RATE
ESTIMATED IMPACT OF HOUSING REPLACEMENT DISTRICT
NO.1
�--�
City of Fridley
0,32258
All 78 Parcels
37,742
0.143%
County of Anoka
0,35189
IMPACT
ON TAX BASE - All 78 Parcels
0,014%
ISD #11
0.19939
21.000/c
ORIGINAL
ESTIMATED
CAPTURED
DISTRICT
7,98%
TAX
TAX
TAX
TAX
AS %
ENTITY
BASE
CAPACITY
CAPACITY
CAPACITY
OF TOTAL
City of Fridley
26,556,023
39,000
158,000
117,000
0,441%
County of Anoka
295,039,609
39,000
166,000
117,000
0.040%
ISD #11
184,421,964
39,000
156,000
117,000
0,063%
ISD #13
18,547,967
39,000
156,000
117,000
0.631%
ISD #14
13,272,880
39,000
156,000
117,000
0.881%
ISD #16
36,129,220
39,000
156,000
117,000
0.324%
IMPACT ON TAX BASE - ISD #11 - All 78 Parcels
IMPACT ON TAX BASE - ISD #13 - All 78 Parcels
TAX
% OF
TAX
TAX RATE
ENTITY
RATE
TOTAL INCREMENT
INCREMENT
INCREASE
City of Fridley
0,32258
33.97%
37,742
0.143%
County of Anoka
0,35189
37.06%
41,171
0,014%
ISD #11
0.19939
21.000/c
23,329
0,013%
Other
0.07578
7,98%
8,856
0.94964
100.00%
111,108
IMPACT ON TAX BASE - ISD #13 - All 78 Parcels
IMPACT ON TAX BASE - ISD #14 - All 78 Parcels
TAX
% OF
TAX
TAX RATE
ENTITY
RATE
TOTAL
INCREMENT
INCREASE
City of Fridley
0.32258
32.45%
37,742
0.143% r"\
County of Anoka
0.35189
35,39%
41,171
0.014 0k
ISD #13
0,24398
24.54%
28,646
0.1560/0
Other
0.07578
7.62%
8,868
0.99423
100.00%
116,325
IMPACT ON TAX BASE - ISD #14 - All 78 Parcels
IMPACT ON TAX BASE - ISD #16 - All 78 Parcels
TAX
% OF
TAX
TAX RATE
ENTITY
RATE
TOTAL
INCREMENT
INCREASE
City of Fridley
0.32258
28.34%
37,742
0.143%
County of Anoka
0.35189
30,92%
41,171
0.014%
ISD #14
0.38795
34.08%
45,390
0.345%
Other
0.07578
6.66%
_ 8,866
1.13820
100.00%
133,169
IMPACT ON TAX BASE - ISD #16 - All 78 Parcels
Assumes construction would have occurred without the creation of a Tax Increment Financing
District. If construction is a result of Tax Increment Financing, the impact is $0.
1 -B -2
48W -N12 -2503
TAX
% OF
TAX
TAX RATE
ENTITY
RATE
TOTAL
INCREMENT
INCREASE
City of Fridley
0.32258
30.24%
37,742
0.143%
County of Anoka
0.35189
32.99%
41,171
0.014%
ISD #16
0.31654
29.67%
37,035
0.103%
Other
0.07578
7,10%
8,866
1.06679
100.000/0
124,814
Assumes construction would have occurred without the creation of a Tax Increment Financing
District. If construction is a result of Tax Increment Financing, the impact is $0.
1 -B -2
48W -N12 -2503
EXHIBIT 1 -C
CITY OF FRIDLEY
Housing Replacement Program
ASSUMPTIONS
HRP 2010bAs I -C -1
Total
Original Market Values
Original Land Value
78
arcels @
$ 50,000
per parcel =
$ 3,900,000'
`r
Total Original Market Value
$ 3,900,000 ,
Original Tax Capacity
3,900,000
Orig MV @
1.00%
Class Rate =
39,000
Estimated Market Value _
78
units @
200,000
per unit =
15,600,000
_
Estimated Tax Capacity
78
units @
2,000
per unit =
156,000
Estimated Tax Increment - annual
78
units @
1,400
per unit =
109,219
Estimated Tax Increment -Total PV
78
units @
19,683
—per unit =
1,535,253
6
1
'Local Tax Rate
ISD #11
ISD #13
ISD #14
ISD #16
Average_!
rCity of Fridley
County of Anoka
0.32258
0.32258
0.35189
0.24398
0.07578
-
.32258
1 0.322581--
0.35189
0.38795`
0.07578'
0.32258
--
—
I
0.35189
0.19939;
0.075781
_ _ 0.35189
0.31654;
0.07578;
i
I - --
- 1.03722
IISD — _ -__ -
. ;..... Other '6 Cities WMO
-__-
I- Total Local Tax Rate - --
0.94964
_
0.99423
1.13820
-w 1.06679
Admin Fees
10.00%
f
State Auditor Fee
0.000%
Inflation
(after 2 yrs of full value}
2.50%
^ Present Value Rate
I T—i—
6/112011
3.50 °!0
HRP 2010bAs I -C -1
EXHIBIT 1-0- continued.- -
- - CITY OF FRIDLEY
CASH FLOW AND PRESENT VALUE ANALYSIS
< - _- ---- --
ANNUAL
S - ANNUAL - ----!
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h) +
Original
Estimated
Captured
Est. T. I.
Less:
Available
Cumulative
Tax
Tax
Tax
d x
Admin
Tax
Avail. Tax
Date
Capacity
Capacity
Capacity
1.03722
Fees
Increment
Increment
I see assurn tions
c - b
- St. Aud. Fee
e x
e - -
_Total aft
2.5 %
Inflation
(prev. year)
0.000 %
10.00%
i
06/01/10
39,000
39,000
0
0
0
0
12/01/10
39,000
39,000
0
0
0
0
06/01/11
j- 39,000
39,000
0
0
_ 0
0
0
12/01/11
39,000
39,000
0
0
0
0
0
06/01/12
39,000
156,000
0
0
0
0
0
12/01/12. 39,000_
0 -_
156,QOQ
0
T 0
0
0
0
'
1 13 _ 39,000
156,000
117;000
~_ 60,677
6,068
54,610
54,610
12101/13 39,000
156,000
117,000
60,677
6,068
54,610
109,219
2 ,
06/01/14
39,000.
159,900
117,000
60,677
6,068
54,610
163,829
=I
12/01/14
06101/15.
39,000
39,000
159,900
163,898
117;noo
120,900
60,677
62,700
6,068
6,270
54,610
56,430
_
218,439 ;
274,8681
12/01115
39,000
163,898
120,900
62,700
6,270
56,430
331,298 '
_ 4
06/01/16 39,000
12/01/16 39,000
167,995
167,995
124,898
- 124,898
64,773
- 64,773
_
- 6,477
6,477
58,296
58,296
_ 389,5941
447,8901
5
- 06101/17 1__ -- 39,000
172,195
128,995_
`
66,898
6,690
60,208
-60,208+
508,098,►
6
E 1210111_7 39,000
1 06/01/18 i 39,000
172,195
176,500
128,995
133,195
66,898
69,076
6,690
6,908
62,169
568,307',
630,475
12/01/18 _ 39,000_
06/01/191 39,000
176,500
133,195
69,076
6,908
62,169
7
180,912
137,500
71,309
_
7,131
- 64,178
- _692,844_
756,821 1
__..
12/01/19 T. 39,000
- 180,912
137,500
71,309
7,131
64, 178
20
8999
,
8
06/01/20. 39,000
185,435
_
141,912
73,597
7,360
- _
66, 237
_ _
887,237,
_12/01/20
-� 39,000
185,435
141,912
73,597
7,360
66, 237
953 ,
, 474
1
9
06/01/21 39,000
190,071
146,435
75,943
7,594
68,348
1,021,822
12/01/21
39,000
190,071
146,435
75,943
7,594
68,348
1,090,1
10
06/01/22
39,000
194,823
151,071
78,347
7,835
70,512
1,160,683 s
E 12101/22
39,000
194,823
151,071
78,347
_
7,835
-- 70,512
1,231,19 i5
ill
06/01/23
-- 39,000
199,693
155,823
_ 80,811
_
8,081
_ 72,730
1,343,925 `
12/01/23
199,693
155,823
80,811
8,081
72,730
1,376,65
-�j
12
I-
06101/24 �-
-- _39,000
39,000
^+ 204,686
160,693
-
83,337
_
8,334
75,003
r_
1,451,659
r
�-
13
12101124
06/01125-
; 39,Q00
39,000
204, 686
209,803
160,693
165,686
83 337
- 85,926
8 334
8,593
75 003
_ 77,334
1 526 662 f
,
1,603,03, 8
12101/25
39,000
209,803
165,686
85,926
8,593
77,334
• 1,681,329_1
14
06/01/26
; 39,000
215,048
170,803
88,580
8,858
79,722
1,761,051 ;
12101/26
39,000
215,048
170,803_
88,580
_
8,858
_ 79,722
1,840,773
15
r
06/01/27
12/01127!
! 39,000
- 39,000
220,424
220,424
176,048
_ 176,048
- 91,300
_ 91,300
-9,130
9,130
82,170
_ 82,170
1,922,943 1
2,005,113
16
06/01/281
39,000
225,935
- 181,424
941088
9,409
84,679
2,089,793 +
12/01/281
225,935
18_1,424
94,088
84,679
2,174,472
_39,000
-9,409
2,416,480
' 241 648
2,174,472
2,174,472
INFORMATIONAL ITEM
HRA MEETING OF DECEMBER 2, 2010
CrrY of
FRUKEY
Date: November 24, 2010
To: William Burns, City Manager
From: Paul Bolin, Asst. Executive HRA Director
Subject: Home Improvement Demonstration Proiect Update
831 Mississippi Street
The home did have a showing this past Saturday. The comments left by the realtor and the
viewing party were very positive, however, we still have not received an offer on the home.
Potential Remodels
Title issues have arisen on the rambler we have been trying to purchase at 4757 2nd Street. It
appears that the issues have been resolved and we are now set to close on the property as soon as
next week. These delays to closing have put this remodel on hold for the past few weeks, as it
gets difficult to set open house dates and develop a construction schedule when we are not sure
how soon we can take possession to the home. We have also continued our search for a good
split level home for the program. Staff will provide a more detailed update at next Thursday's
meeting.
n
�-- Fridley HRA
Housing Program Summary
Cover Page
December 2, 2010 HRA Meeting
n
r-�
Report
Loan Application Summary
Loan Origination Report
Remodeling Advisor
Description
Loan application activity (e.g. mailed
out, in process, closed loans) for
November and year -to -date.
Loan originations for November and
year -to -date.
Shows the number of field appointments
scheduled and completed for the
Remodeling Advisor Services
administered by Center for Energy and
Environment.
a 4o `�` ��^w �� rJ 1 V :v S !�� I cc�,� _ i S 1 •.- pct -�-� o ,,•�
P
H:\—Paul's DOCUments\HRA\HRA Agenda ltems\2010\December 2, 2010 \Housing Program CovcrDec.doc
Voksm
FRIDLEY HOUSING & REDEVELOPMENT AUTHORITY
December 2, 2010
p I (
ILI*:e o :4o 1 3r
1. Darin Nelson - Finance Director
The City has hired Mr. Darin Nelson to replace Rick Pribyl as the Finance Director. In his new position,
Mi. Nelson will work closely with the Authority to manage investments and provide accounting services.
The following information from Deb Dahl, HR Director, provides a bit of background on Mr. Nelson.
Our new Finance Director is now on- board. Please welcome Darin Nelson who comes to us from the
City of Minnetonka where he served as the Assistant Finance Director since 2005. Prior to that, he
was a local government auditor for the Office of State Auditor in Minnesota for more than eight years.
He as the received his Master's of Arts degree in Public and Non - Profit Administration from Metro
State University and obtained his Bachelor's of Science degree in Accounting from Minnesota State
University in Moorhead, MN. He currently has his CPA license and has been an active member and
program c_ ommittee chair of MNGFOA. Darin graduated from Moorhead High School in Moorhead,
MN.
2. Faulkner Development
The sewer main issue has been resolved and building is moving forward at a quick pace. Staff will
provide some up to date photos of theroect at next week's meetmm
4. Columbia Arena
The Planning Commission held a public hearing on the Special Use Permit for the potential retrofit of the
Arena into 83 senior living units (36 independent units, 31 assisted units, and 16 memory care). The
Planning Commission approved the project and sent it forward for Council Action on December 6th. If
approved, work could begin as soon as December 7th, according to the owner's representative.
5. GWNE
Staff is set to close on the Tae Kwan Do property on Tuesday November 30th. Mr. Kith will continue to
occupy and rent the building from the HRA until the end of February. Staff is on schedule to bring
forward a recommendation for a demolition contractor to the HRA's February meeting. Demolition will
begin around the 1 st of March and be completed prior to road restrictions going into place.
M