HRA 09/05/2011 - 30017CITY 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: Larry Commers
William Holm
Stephen Eggert
John Meyer
Pat Gabel
NONMEMBERS PRESENT: Paul Bolin, HRA Assistant Executive Director
Becky Kiernan, Accountant
Darin Nelson, Finance Director, Treasurer
Jim Casserly, Development Consultant
ACTION ITEMS:
1. Approval of Expenditures
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 cleaxly 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 20121evy 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. T'his 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-OSA. 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. Sta.ff will bring forward a recommended broker to the
October 6�' 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, "
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Krista Monsrud, Recording Secretary
CITY OF FRIDLEY
SIGN-IN SHEET
HOUSING & REDEVELOPMENT AUTHORITY MEETING
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Agenda Item of Interest