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HRAM 07/11/2019 CITY OF FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY COMMISSION July 11, 2019 Chairperson Holm called the Housing and Redevelopment Authority Meeting to order at 8:10 p.m. MEMBERS PRESENT: William Holm Elizabeth Showalter Dave Ostwald Gordon Backlund MEMBERS ABSENT: Kyle Mulrooney OTHERS PRESENT: Paul Bolin, HRA Assistant Executive Director Jim Casserly, Development Consultant Greg Johnson, Development Consultant Action Items: MOTION by Commissioner Showalter to add the following items to the agenda.  Approval of May 2, 2019 HRA Meeting Minutes  Approval of a Temporary Construction Easement  Amendment to the Lennar Agreement Seconded by Commissioner Backlund. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY. 1. Approval of Expenditures MOTION by Commissioner Showalter to approve the expenses as submitted. Seconded by Commissioner Backlund. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY 2. Approval of June 6, 2019 Meeting Minutes MOTION by Commissioner Backlund to approve the minutes as presented. Seconded by Commissioner Ostwald. Commissioner Backlund noted a correction on page 2 toward the bottom to take out one of the “motions”. Housing and Redevelopment Authority Meeting of July 11, 2019 2 UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON HOLM DECLARED THE MINUTES APPROVED AS AMENDED. 3. Approval of Amendment to Sherman Agreement – Fridley Station Village Paul Bolin, Assistant Executive Director, stated that in May of 2018 the Authority signed a contract with Sherman Associates to construct 107 senior units, 72 mixed income units and 95 market rate units. In April of 2019 the Authority amended dates to address increases costs, increase in units and delays. The proposed amendment is to adjust the dates in the contract due to further delays from ACRRA and Sherman’s IRS Code 1031 regarding the sale of another property. Staff anticipates closing with Sherman in early August. Demolition and reconstruction of the parking and ponding would start immediately. Staff recommends approval of the amendment to the Sherman development contract. MOTION by Commissioner Ostwald to approve amendment to the Sherman Agreement – Fridley Station Village. Seconded by Commissioner Showalter. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY. 4. Approval of May 2, 2019 Meeting Minutes MOTION by Commissioner Showalter to approve the May 2, 2019 meeting minutes as presented. Seconded by Commissioner Ostwald. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY. 5. Approval of a Temporary Construction Easement Paul Bolin, Assistant Executive Director, stated that Sherman will be demolishing and reconstructing parking, on HRA owned property leased to Metro Transit. The lot is being constructed to Metro Transit specifications and paid for by Sherman. A temporary construction easement is drafted to protect and indemnify the HRA. Staff recommends approval of the temporary construction easement. Chairperson Holm asked if Sherman owned the property adjacent to the property. Mr. Bolin replied yes, they will own it. This will happen after the closing and they will own the property. The HRA will continue to own where the parking will go and Sherman will own the rest of the property. The easement won’t go into effect until we close on the property. MOTION by Commissioner Showalter to approve the temporary construction easement. Seconded by Commissioner Ostwald. Housing and Redevelopment Authority Meeting of July 11, 2019 3 UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY. 6. Amendment to the Lennar Agreement Paul Bolin, Assistant Executive Director, said that in December of 2018 the Authority signed a contract with US Home Corp. (Lennar Homes) to build 72 townhomes. In June of 2019 the Authority amended the agreement to address environmental concerns. The proposed amendment is to address timing to the plat and closing. Adjustments to the boundaries in this new plat require additional action. The City will transfer the property to the HRA to facilitate the filing of the plat. This will be transferred through an ordinance; on August 27 the property will transfer to the HRA and Lennar is seeking to close the week of July 22. The proposed amendment allows the closing to stay on schedule. Staff recommends the Authority to approve the attached resolution to adopt this amendment to the development contract with Lennar Homes. MOTION by Commissioner Backlund to approve the amendment to the Lennar Agreement. Seconded by Commissioner Showalter. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY. Informational Items: 1. Housing Programs Update Paul Bolin, Assistant Executive Director, reported that in June 2 senior loans and one other loan was closed making a total of 9 year to date. The Remodel Advisor Visits had four in June making 12 year to date. There were no home energy squad visits to update this month. Those numbers will be brought to the August meeting. Adjournment: MOTION by Commissioner Backlund to adjourn. Seconded by Commissioner Showalter. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON HOLM DECLARED THE MOTION CARRIED UNANIMOUSLY AND THE MEETING ADJOURNED AT 8:35 PM. Respectfully submitted, Krista Peterson Recording Secretary