HRA 10/06/2011 - 6552P(.,&/IC
October 6, 2011
HRA Meeting
Regular Meeting Agenda
7.00 p.m.
Call to order
Roll call.
Action Items
1. Approval of expenditures
2. Approval of September 1, 2011, Meeting Minutes
3. Approval of Agreement to Market and Build Home - 5735 3rd Street
4. Awarding of Demolition Contract - Housing Replacement Program
Informational Items
1. Home Improvement Demonstration Project Update
2. GWNE Broker Solicitation Update
3. Housing Loan Program Update
Adjournment
H:\My Documents\HRA\2011 HRA Agenda \October -2011 Agenda Outline.docH:\My DocumentAHRA\2011 HRA Agenda \October -
2011 Agenda Outline.doc
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CITY OF FRIDLEY
HOUSING AND REDEVELOPMENT AUTHORITY COMMISSION
SEPTEMBER 5.2011
CALL TO ORDER:
Chairperson Commers called the HRA Meeting to order at 7:30 p.m.
ROLL CALL:
MEMBERS PRESENT:
NONMEMBERS PRESENT:
ACTION ITEMS:
1. Approval of Expenditures
Larry Commers
William Holm
Stephen Eggert
John Meyer
Pat Gabel
Paul Bolin, HRA Assistant Executive Director
Becky Kiernan, Accountant
Darin Nelson, Finance Director, Treasurer
Jim Casserly, Development Consultant
MOTION by Commissioner Holm 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 August 4, 2011 Meeting Minutes
MOTION by Commissioner Holm to approve the August 4, 2011 minutes. Seconded by
Commissioner Eggert.
Chairperson Commers noted that item number four was not finalized in the minutes. He
requested to add the following:
UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS
DECLARED THE MOTION CARRIED UNANIMOUSLY
Commissioner Gabel asked to amend number four first paragraph to read:
Paul Bolin, HRA Assistant Executive Director, said that as Staff has worked to acquire
properties for HRP and different sellers request different information, question authority
of staff or HRA funding. A resolution was drafted to more clearly state what is already in
HRA by -laws and purpose for acquisition of property. Staff recommends approval of
resolution found in Authority packet.
MOTION by Commissioner Eggert to approve the August 4, 2011 minutes as amended.
Seconded by Commissioner Gabel.
UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY
3. Approval of Resolutions Approving Interfund Loans
Paul Bolin, HRA Assistant Executive Director, said that recent changes to OSA TIF reporting
requirements revealed that some year -end interfund loans were missing resolutions. Interfund
loans were made from the HRA General Fund to TIF Districts #18 and #19. Staff recommends
approval of the attached resolutions, formally recognizing the interfund loans.
MOTION by Commissioner Holm to approve the resolution number 2011 -07. Seconded by
Commissioner Eggert.
UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY
MOTION by Commissioner Gabel to approve the resolution number 2011 -08. Seconded by
Commissioner Eggert.
UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY
4. Approval of 2011 Tax Levy for Taxes Payable in 2012
Paul Bolin, HRA Assistant Executive Director, said that MN Statutes authorize HRA's to levy
properties within their community to support housing and redevelopment efforts. The levy is
equal to .0185% of taxable market value. The 2012 levy will allow the Authority to collect
$434,000. This amount is down from $473,000 in 2011 and $498,000 in 2010, as the market
value has decreased by nearly $209M.
Mr. Bolin said that the impact on the taxpayer would be $27.75 per year on a home valued at
$150,000 or $185.00 per year for a commercial property valued at $1 million. Staff recommends
approval of the resolution consenting to the HRA Tax Levy. This provides HRA the ability to
fund ongoing and future redevelopment efforts and the ability to meet housing needs. The levy
will be certified and delivered to the county on 9/15/11 and City Council will act on this item on
9/12/11.
MOTION by Commissioner Meyer to approve the 2011 Tax Levy for Taxes Payable in 2012
Resolution Number 2011 -05A. Seconded by Commissioner Gabel.
UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY
5. Approval of Phase VII — HRP
Paul Bolin, HRA Assistant Executive Director, said that last December the Authority approved
an amended and restated plan for the HRP. Homes can be added through an HRA Resolution,
provided the parcels meet required criteria. Once in the program, the Authority is able to collect
increment for 15 years on improvements. Staff recommends approval of Phase VII of the
Housing Replacement Program.
Chairperson Commers asked if anything was worth salvaging in any of the homes involved in
this phase.
Mr. Bolin said they will look at it and salvage whatever they can to keep demolition costs down.
MOTION by Commissioner Eggert to approve the Phase VII — HRP Resolution Number 2011-
06. Seconded by Commissioner Gabel.
UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY
6. Authorization of Solicit Qualifications for Real Estate Broker Services — GWNE
Paul Bolin, HRA Assistant Executive Director, said that the Gateway NE / University Avenue
demolition of buildings started in December of 2009. The Authority has 5.7 acres of
developable land along the East side of University Avenue. It now has 15 months to create a TIF
District for this area. Staff is requesting authorization to solicit letters of qualifications from
interested brokers to market the site. Staff will bring forward a recommended broker to the
October 6th meeting.
Chairperson Commers asked if there were any other ways to market that property.
Commissioner Eggert said that he uses a broker to field calls. He thinks it would be a challenge
for Paul to field calls.
Chairperson Commers thought it would be a good idea to put together a brochure to send out.
Commissioner Eggert said that a broker would do that for the HRA.
MOTION by Commissioner Eggert to approve the authorization to solicit qualifications for real
estate broker services - GWNE. Seconded by Commissioner Gabel.
UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY
INFORMATIONAL ITEMS:
1. Housing Loan Program Update
Paul Bolin, HRA Assistant Executive Director, reported that in August two loans were closed
making a total of eight year to date. There was one remodeling advisor visit making a total of
seven year to date.
Commissioner Eggert asked if staff had any future acquisition property leads.
Mr. Bolin said that they are looking for a split home but nothing is out there that meets our
criteria. Currently very few foreclosures are coming into the market. Staff is looking every day.
Some homes are too nice and others have unrealistic prices for the condition of the home.
ADJOURNMENT:
MOTION by Commissioner Meyer to adjourn. Seconded by Commissioner Gabel.
UPON VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED
THE MOTION CARRIED UNANIMOUSLY AND THE MEETING ADJOURNED AT
8:15 P.M.
Respectfully Submitted,
Krista Monsrud, Recording Secretary
■► ACTION ITEM
ri HRA MEETING OF OCTOBER 6, 2011
MY of
FRUXEY
Date: September 27, 2011 Q'
To: William Burns, Executive Director
From: Paul Bolin, Asst. Executive HRA Director
Subject: Agreement to Market & Build Home - 5735 3rd Street
Staff was recently approached by realtor Tim Golie & builder Mike Torkleson seeking an
opportunity to build and sell a new home on one of the vacant Gateway West lots. The
team appears eager to deliver a salable product that will add value to the neighborhood
while respecting the variety of home designs already found in the Hyde Park/Gateway
West neighborhood. The builder and staff have reached agreement on a home design
that will incorporate cement board, stone and wide trim boards on the exterior of the
home. The home is proposed to have 2 bedrooms, 1 bathroom, 3 garage stalls and an
unfinished basement to keep the home price down and allow for future expansion.
The builder is asking the Authority to change the terms on our standard lot reservation
agreement to 9 months. The builder and his realtor will actively market the home
sketch and lot on the MLS. Once a buyer is found a development agreement will be
signed to ensure the home is built to the Authorities criteria for the Gateway West
neighborhood.
At the time of wntin this memo, staff is waiting for the revised home plan and a signed
lot reservation for , w'th an acceptable purchase price from the builder. Staff expects
to bring both to the thority at next week's meeting. Provided the builder delivers his
final plan and signed lot reservation form, staff will recommend the Authority approve
the 9 month lot reservation agreement with Mike Torkelson Development.
ACTION ITEM
ri HRA MEETING OF OCTOBER 6, 2011
MY OF
FRIDLEY
Date: September 24, 2011
To: William Burns, Executive Director AAP
From: Paul Bolin, Asst. Executive HRA Director
Subiect: Housing Replacement Program — Awarding of Demolition Bid
Staff worked with the City's Public Works Department to carry out the formal bidding
process for the demolition of the following properties:
465 Mississippi Street
551 Hugo Street
381 Ironton Street
The three homes were purchased for inclusion in the City's housing replacement
program. After demolition the lots will be placed into the program's scattered site TIF
District and eventually sold to a buyer /builder team. The Authority will use the
increment to pay a portion of its acquisition and demolition expenses. Additionally, staff
has initiated the process to split the Hugo Street property into two buildable lots, 75' in
width.
A notice to solicit interested contractors was placed in both Finance & Commerce and
the Fridley Focus. The bid opening was held at 2:00 PM on September 23rd. A total of
5 bid packets were sent out and 4 contractors submitted bids for the work. Bid amounts
ranged from $46,669.00 to $68,658.32, with the lowest bid being submitted by Veit
Companies.
Recommendation:
Staff recommends the Authority award the demolition contract to Veit Companies. Staff
is very familiar with the quality of the demolition work done by this firm, most recently
working with this group in 2010.
INFORMATIONAL ITEM
HRA MEETING OF OCTOBER 6, 2011
CrrY OF
FRIDLEY
Date: September 27, 2011
To: William Burns, City Manager 44P
From: Paul Bolin, Asst. Executive HRA Director
Subiect: Fridley Foundations Home Complete
I am relieved to finally report that the home at 4757 2nd Street has been completed and officially
made available for sale on the MLS. Though many difficulties were encountered over the course
of remodeling this home, the end product is a home the Authority can be proud to offer for sale.
The future buyer of this home should rest well knowing that it is essentially a new home.
In addition to the planned remodel and the reworking of the electric and plumbing, the HRA
replaced the sewer lateral for this property. After many months of none /little use the giant maple
roots in this older neighborhood found their way into the clay pipe, actually breaking the pipe in
a number of places. Every component of this home is now in new condition.
After reviewing a number of comparables and following the housing market, the home was
placed on the MLS with a listing price of $139,900. The home had one showing this past
weekend and we anticipate a number of showings over the next few weeks, now that the home is
complete.
Staff plans to hold additional open houses of the finished home from 4:30 to 6:30 on these
upcoming Wednesdays: October 5th and October 19th.
A recap of all costs follows:
Home Purchase Price
$80,000
Remodel Cost
$60,000
Dangerous Tree Removal & Trimming
$1,800
Core filling of Basement Wall
$1,500
Sewer Main Repair & Replacement
$9,000
TOTAL INVESTMENT
$152,300
AV INFORMATIONAL ITEM
ri HRA MEETING OF OCTOBER 6, 2011
CITY OF
FRIDLEY
Date: September 27, 2011
To: William Burns, City Manager 40
From: Paul Bolin, Asst. Executive HRA Director
Subiect: GWNE Real Estate Broker Services RFQ
Earlier this month, the Authority authorized staff to solicit qualifications from real estate brokers
interested in assisting with marketing of the Gateway Northeast Properties along University
Avenue. A request for qualifications was sent to over twenty -five real estate companies that
routinely broker properties to a large number of market segments within the north metro area.
Brokers will be evaluated on their experience in marketing similar sites, experience in different
market segments, proposed marketing methods, experience working with governmental entities
and references. Letters of interest and statements of qualifications are due back on Friday
October 7th. City staff will evaluate the information submitted and choose a small number of
brokers interviews and reference checks.
Staff will bring a recommendation forward to the Authority at their November 3 meeting.
Fridley HRA
Housing Program Summary
Cover Page
October 6, 2011 HRA Meeting
Report
Loan Application Summary
Loan Origination Report
Remodeling Advisor
Description
Loan application activity (e.g. mailed
out, in process, closed loans) for Aug. to
Sept. 15th and year -to -date.
Monthly loan originations 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.
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Fridley HRA
# of Projects % of Total
Bathroom remodel
0%
Kitchen remodel
9/15/2011
General plumbing
0%
Heating system
0%
Loan Originations
0%
Basement finish
- 0%
Insulation
Programs
This Month
- 00%
Previous Months
Since 1/1/2011
HRA Loans (incl. CFUF Discount loans)
$
$
10,165.00
$ 10,165.00
Leveraged Loans
$ -
$
25,437.00
$ 25,437.00
Garage
- 0%
Driveway /sidewalk
Total $
$
35,602.00
$ 35,602.00
Funding Sources
This Month
Previous Months
Since 1/1/2011
Fridley HRA inc Revolving & FRID.LAST
$
$
51,427.00
$ 51,427.00
MHFA FUF /CFUF
$
$
10,100.00
$ 10,100.00
Fridley Discount portion for CFUF
$ -
$
-
$
Met Council
$
$
$ -
CDBG /HOME
S
$
$ -
CEE Energy
$
$
31,335.63
$ 31,335.63
other
$
$
-
$
Total $ -
$
92,862.63
$ 92,862.63
Types of Units Improved*
*most HH do more than one improvement so the total # will be equal or greater to the number of loans originated
This Month Previous Months Since 1/1/2011
Single Family 6
Duplex -
Tri -Plex -
4 to 9 Units -
10 to 20 Units -
20 +Units _ -
Total - 6
Types of Improvements
Interior
# of Projects % of Total
Bathroom remodel
0%
Kitchen remodel
0%
General plumbing
0%
Heating system
0%
Electrical system
0%
Basement finish
- 0%
Insulation
0%
Room addition
- 00%
Misc. interior projects
- 0%
Foundation
- 0%
Exterior
Siding/Fascia /SofFrt
- 0%
Roofing
- 0%
Windows /Doors
- 0%
Garage
- 0%
Driveway /sidewalk
- 0%
Landscaping
- 0%
Misc. exterior projects
- 0%
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