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HRA 02/14/1985 HOUSING & REDEVELOPMENT AUTHORITY MEETING THURSDAY, FEBRUARY 14, 1985 7:00 P.M. City of Fridley AGENDA HOUSING & REDEVELOPMENT AUTHORITY MEETING THURSDAY, FEBRUARY 14, 1985 7 :00 P.M. Location: Council Chambers (upper level ) CALL TO ORDER: ROLL CALL: APPROVAL OF MINUTES: • Housing & Redevelopment Authority Minutes: January 10, 1985 ADOPTION OF AGENDA: UPDATE REGARDING HOLLY CENTER DEVELOPMENT AGREEMENT AND APPROVING THE SIGNAGE PLAN FOR HOLLY CENTER 1-1C CONSIDERATION OF RESOLUTION NO. HRA 1-1985 ORDERING DEMOLITION AND REMOVAL OF STRUCTURES AND RECEIVING QUOTES FOR TEARING DOWN THE PHILLIP'S STATION AT 6500 UNIVERSITY AVENUE 2-2B CONSIDERATION OF REFUNDING OF HRA BONDS 3 CONSIDERATION OF RESOLUTION NO. HRA 2-1985 DESIGNATING OFFICIAL DEPOSITORIES FOR THE FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY 4 FINANCIAL STATEMENT 5 CHECK REGISTER 6 OTHER BUSINESS: ADJOURNMENT: t CITY OF FRIDLEY HOUSING & REDEVELOPMENT AUTHORITY MEETING JANUARY 10, 1985 CALL TO ORDER: Vice-Chairperson Prieditis called the January 10, 1985, Housing & Redevelopment Authority meeting to order at 7 135 p.m. ROLL CALL: Members Present: Elmars Prieditis, Carolyn Svendsen, Duane Prairie Members Absent: Larry Commers, Walter Rasmussen Others Present: Nasim Qureshi , HRA Director Sid Inman, City Finance Director Dave Newman, City Attorney APPROVAL OF DECEMBER 13, 1984, HOUSING & REDEVELOPMENT AUTHORITY MINUTES: MOTION BY MR. PRAIRIE, SECONDED BY MS. SVENDSEN, TO APPROVE THE DEC. 13, 1984, HOUSING & REDEVELOPMENT AUTHORITY MINUTES AS WRITTEN. UPON A VOICE VOTE, ALL VOTING AYE, VICE-CHAIRPERSON PRIEDITIS DECLARED THE MOTION CARRIED UNANIMOUSLY. ADOPTION OF AGENDA: The following items were added to the agenda: 5. Receive Letter from Fridley 49'ers Days Committee Regarding Use of HRA Land for Carnival 6. Direction on the Public Official Liability Insurance MOTION BY MR. PRAIRIE, SECONDED BY MS. SVENDSEN, TO APPROVE THE AGENDA AS AMENDED. UPON A VOICE VOTE, ALL VOTING AYE, VICE-CHAIRPERSON PRIEDITIS DECLARED THE MOTION CARRIED UNANIMOUSLY. 1. REVIEW STORER CABLE COMMUNICATION REQUEST FOR REIMBURSEMENT OF COSTS TO RELOCATE THEIR OVERHEAD LINES SOUTH OF MISSISSIPPI STREET: Mr. Prieditis stated that at the last meeting, the HRA members had received a copy of Mr. Newman's legal opinion dated Nov. 13, 1984, ..in which Mr. Newman stated he supported City Staff's recommendation that the relocation be at Storer's expense. Mr. Qureshi stated that some time ago, Staff recommended that Storer not be reimbursed by either the HRA or the City for the relocation of Storer's over- head lines. Storer had questioned their right and the legality of this HOUSING & REDEVELOPMENT AUTHORITY MEETING, JANUARY 10, 1985 PAGE 2 recommendation. A couple of meetings ago, the HRA directed its legal counsel to review this. Mr. Newman has now advised the HRA of his opinion in his memo of Nov. 13. A copy of Mr. Newman's memo was sent to Mr. Wegemer, District Manager of Storer Cable, and Mr. Wegemer was informed that the HRA would be discussing this issue at the Jan. 10th meeting. Storer was invited to attend this meeting. Mr. Qureshi stated that since there was no one from Storer at the meeting, it appeared that Storer was not going to pursue this matter any further. Mr. Prieditis stated the HRA had discussed this at the December meeting. At that meeting, they had received Mr. Newman's legal opinion and had con- curred with his recommendations. They had also agreed that this item be formally put on the January agenda in order to give Storer an opportunity to respond to this legal opinion. Mr. Prairie stated this was a decision the HRA had agreed to some time ago, and Mr. Newman's legal opinion reconfirms what they had originally agreed upon. 2. AUTHORIZING SALE OF REFUNDING BONDS FOR CENTER CITY: Mr. Qureshi stated Staff has supplied the HRA with the materials regarding this item. Basically, it gave them an estimated outline of what the bonding refunding cost analysis would be and a schedule to be followed. Mr. Qureshi stated that at the last meeting, the HRA had agreed with the concept, and Staff had agreed to bring the final documentation to this meeting. He stated what Staff will be doing is coming to the HRA with the plan modifi- cation for the refunding to be approved by the HRA on Feb. 14, and then on March 14, the HRA will be approving the actual bond purchase agreement. At this meeting, he was asking for authorization to proceed with refunding of the bonds and follow the schedule that has been submitted. Mr. Prieditis stated that at the last meeting, Mr. Rasmussen had expressed some concerns. He asked if Mr. Rasmussen had communicated any other questions or concerns to Staff. Mr. Inman stated Mr. Rasmussen was ill and could not be at the meeting. He stated he had encouraged Mr. Rasmussen to call him if he had any questions or concerns, and Mr. Rasmussen had not called him. Mr. Prairie stated they had discussed this at great length at the last meeting, and nothing has changed. He would be in favor of approving the refunding of bonds. MOTION BY MR. PRAIRIE, SECONDED BY MS. SVENDSEN, TO APPROVE THE SCHEDULE FOR THE REFUNDING OF BONDS. UPON A VOICE VOTE, ALL VOTING AYE, VICE-CHAIRPERSON PRIEDITIS DECLARED THE MOTION CARRIED UNANIMOUSLY. HOUSING & REDEVELOPMENT AUTHORITY MEETING, JANUARY 10, 1985 PAGE 3 3. FINANCIAL STATEMENT: There was no financial statement. 4. CHECK REGISTERS: MOTION BY MS. SVENDSEN, SECONDED BY MR. PRAIRIE, TO APPROVE THE TWO CHECK REGISTERS AS SUBMITTED. UPON A VOICE VOTE, ALL VOTING AYE, VICE-CHAIRPERSON PRIEDITIS DECLARED THE MOTION CARRIED UNANIMOUSLY. 5. RECEIVE LETTER FROM FRIDLEY 49'ERS DAYS COMMITTEE REGARDING USE OF HRA LAND FOR CARNIVAL: Mr. Qureshi stated that last year the 49'ers Days Committee conducted the 49'er Days activities in the Community Plaza and surrounding area. They felt this was eery successful and want to do the same this year. At the Jan. 17th City Council meeting,a letter was received from the 49'ers Days Committee requesting approval to use the vacant property between the Community Plaza and Fridley State Bank for a carnival and other events in conjunction with the Fridley 49'ers Days celebration in June. He stated the City Council had indicated they have no problem with this request, but since it is HRA property, they would like the approval of the HRA also. Mr. Prairie asked if the HRA was required to notify the Fridley Plaza Clinic of this event, because it would be right next to their parking lot. Mr. Qureshi stated they are not required to notify the clinic. The activities would be on the weekend and should not conflict with the clinic's operation. Mr. Prieditis and Ms. Svendsen agreed it would be a neighborly courtesy to notify the clinic of this event. Mr. Prieditis stated the Community Plaza was intended for occasions like this. He would personally like to see the Plaza used as much as possible for events like this and other events. He would strongly support the idea of the 49'ers Days Committee using the Community Plaza and the HRA land for the 49'ers Days carnival . MOTION BY MR. PRAIRIE, SECONDED BY MS. SVENDSEN, TO RECEIVE THE LETTER FROM THE 49'ERS DAYS COMMITTEE AND TO APPROVE THE USE OF THE HRA PROPERTY FOR THE 49'ERS DAYS CARNIVAL AND OTHER EVENTS. THE HRA WOULD ALSO REQUEST THAT THE HRA DIRECTOR NOTIFY THE FRIDLEY PLAZA CLINIC OF THIS EVENT. UPON A VOICE VOTE, ALL VOTING AYE, VICE-CHAIRPERSON PRIEDITIS DECLARED THE MOTION CARRIED UNANIMOUSLY. HOUSING & REDEVELOPMENT AUTHORITY MEETING, JANUARY 10, 1985 PAGE 4 6. DIRECTION ON THE PUBLIC OFFICIAL LIABILITY INSURANCE: Mr. Inman stated that at the last meeting, regarding the lease of the hardware building, Mr. Commers had asked about the liability insurance for the HRA. Mr. Inman stated they noticed the HRA had adquate coverage until it came to the Umbrella liability and the Public Officials liability. Prior to 1985, the limited exposure of the HRA precluded acquiring Umbrella liability or Public Official liability insurance. Based on the recent activities in other cities, Staff would recommend the Umbrella liability and the Public Officials liability which can be added on to the City's policy at a relatively small amount. The approximate cost for naming the HRA on the City's Public Official policy was $806. They do not have a quote for the Umbrella liability policy. Mr. Inman stated that, pending some ridiculous amount on the Umbrella liability, he would like a concurrence from the HRA members that they should be added on to the City's policy for the Umbrella liability and the Public Officials liability. Mr. Inman stated that on the second page of his memo dated Jan. 10, 1985, to Mr. Qureshi , he talked about the insurance protection on the liquor ware- house which he thought was more than substantial for the value of the building. MOTION BY MR. PRAIRIE, SECONDED BY MS. SVENDSEN, TO AUTHORIZE CITY STAFF TO PROCEED WITH THE UMBRELLA LIABILITY AND PUBLIC OFFICIALS LIABILITY COVERAGE FOR THE HRA AND HPA COMMISSIONERS. Mr. Qureshi stated he could supply the HRA with the numbers at the next meeting, and the commissioners always had the option of rescinding or changing their decision. UPON A VOICE VOTE, ALL VOTING AYE, VICE-CHAIRPERSON PRIEDITIS DECLARED THE MOTION CARRIED UNANIMOUSLY. ADJOURNMENT: MOTION BY MS. SVENDSEN, SECONDED BY MR. PRAIRIE, TO ADJOURN THE MEETING. UPON A VOICE VOTE, ALL VOTING AYE, VICE-CHAIRPERSON PRIEDITIS DECLARED THE JAN. 10, 1985, HOUSING & REDEVELOPMENT AUTHORITY MEETING ADJOURNED AT 7:45 P.M. Respectfully ubmitted, r y e a•a Recording Secretary 1 ito 1,, �ttta •� s3'1 7R41 i'VA. N. ' •-t �., 4 ski •• • - . 4. ' fa ?� .i- J •. , !r % ,: \I: i • •t -•-, '._-,ir• ,, , tt. y 3 .&•..* , ' I t. , 4 ... - - t - i _ .. .. •• Li- L rItt _ • + r ,l• LL. 1 I • - ,l - - •Z _'*',,.) i , • •- 1 • , e • ..:t {"li r V;it‘ '• � ~111,(#�. a ''. ^- .�.. , FTS'-f„ • i _ i ; i. . . I!mils... ' '�^jr T _ .I�I _�, IA f■ _ ,MIN � I 1 Ili. EMS 0 • =II ill n S i • I i'S II . .. IN il is mi 1 ll i li .,.. . • iEw 1 ti 11 11 g 1 11 li i I II I. i II . il i p .2 i i i 1 __ .i. a • It . --/ "" 1 II 14 t imr b i1 4i---\ 31. IL. i 1 FI C - a� i Z O tit lb 3 1 Ill1 P_k_....tl-t' • _- IN III,)lit! I II t9-F- j II _ O + 111 � v _ G Jim., Nu■ij,� i Il t N 111 �1 III 4Di 11 :. .. 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The structure to be removed is the building and parking lot of the property bounded by University Avenue on the East, and Mississippi Street on the South. 2. That the Public Works Director, John G. Flora, City Hall, Fridley, MN is hereby authorized and directed to draw plans and specifications for this work and to advertise for bids for the demolition and removal of said structures. PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF FRIDLEY THIS DAY OF , 1985. LARRY COMMERS - CHAIRMAN ATTEST: SIDNEY C. INMAN - CITY CLERK 8/2/2 Cc cr.. 1 /c Heartland Realty Investors, Inc. 4802 Nicollet Avenue South Minneapolis, Minnesota 55409 612/823-6275 • January 29, 1985 Mr. Nasim Qureshi Fridley City Manager Civic Center 6431 University Avenue N.E. Fridley, MN 55432 Re: Holly Shopping Center Dear Nasim: We have purchased the Phillips 66 property at the referenced location and we are prepared to sell the property to the Housing Redevelopment Authority. We would like to request that you make immediate plans to remove the structure on the site and to restore the area to a parking lot. We appreciate your cooperation. Very truly yours, HEARTLAND REALTY INVESTORS, INC. , :36/( H. William Walter Principal HWW/rn ?R • DIRECTORATE o° OF • co PUBLIC WORKS o CO CITYOFFRJDLEY MEMORANDUM DATE 2/7/85 PW 85-28 FROM ..PW John Flora, Public Works Director TO ACtiON ,wco. $UBJECT Nasim Qureshi , City Manager HOLLY CENTER 4 -- 4 - 1. We are currently developing bid documents and hope to receive demolition proposals for the removal of the Phillips Gas Station on the northwest corner of University and Mississippi Streets. We plan on opening the proposals on the 13th of February and will be able to provide the HRA the numbers and a recommendation for their February 14 meeting. 2. We understand the City will be responsible for designing and constructing the parking lot improvements to the Holly Center within the curb lines denoted on the Discover Fridley Plan. Request confirmation if this is the approved concept, so that appropriate specifications can be made for enclosure in this year's Street Improvement Project. The necessary improvements outside of the Holly Center parking lot curb will be accomplished by the County and the City when Mississippi Street is improved. 3. A formal sign plan needs to be submitted from Holly Center to the City Council for approval . JGF:jmo 3 CITY OF FRIDLEY MEMORANDUM TO: NASIM M. QURESHI, CITY MANAGER FROM: SID INMAN, DIRECTOR OF CENTRAL SERVICES SUBJECT: HRA BONDING DATE: FEBRUARY 7, 1985 On Thursday, February 14, 1985, the HRA will be passing a resolution modifying their tax increment plan to allow for refunding of the bonds. While Miller & Schroeder is in charge of the overall refunding effort, O'Connor & Hannan is working on the resolutions. They are currently in the final draft form and will be available for the HRA's review the first part of next week. As soon as they are received, I will see that they are delivered to the HRA members for their review prior to the meeting. If you have any questions, please feel free to let me know. SCI:sh 4 RESOLUTION NO. HRA 2-1985 RESOLUTION DESIGNATING OFFICIAL DEPOSITORIES FOR THE FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY IT IS HEREBY RESOLVED that the Fridley State Bank is hereby designated as a depository for the funds of this corporation. IT IS FURTHER RESOLVED that checks, drafts or other withdrawal orders issued against the funds of this corporation on deposit with said bank shall be signed by two of the following: Clerk-Treasurer City Manager Finance Officer and that said bank is hereby fully authorized to pay and charge to the account of this corporation any checks, drafts, or other withdrawal orders. BE IT FURTHER RESOLVED that all transactions, if any, relating to deposits, withdrawals, re-discounts and borrowings by or on behalf of this corporation with said bank prior to the adoption of this resolution be, and the same hereby are, in all things ratified, approved and confitined. BE IT FURTHER RESOLVED that any bank or savings and loan may be used as depositories for investments purposes so long as the investments comply with authorized investments as set forth in Minnesota Statutes. BE IT FURTHER RESOLVED that the signatures of two of the following named City employees are required for withdrawal of HRA investment funds from savings and loan associations: Clerk-Treasurer City Manager Finance Officer BE IT FURTHER RESOLVED that any brokerage firm may be used as a depository for investment purposes so long as the investments comply with the authorized investments as set forth in Minnesota Statutes. PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF FRIDLEY THIS DAY OF , 1985. CHAIRMAN HOUSING AND REDEVELOPMENT AUZfiORITY ATTEST: DIRECTOR 3/0/2/1