HRA 05/07/2020
May 7, 2020
HRA Meeting
Regular Meeting Agenda
7:00p.m.
Due to the Covid-19 Pandemic, the Fridley Housing and Redevelopment
Authority meetings will be held virtually until further notice.
Public Comment Before a Meeting
If you have public comments to submit before a meeting, please send your comments
to paul.bolin@fridleymn.gov or contact Paul Bolin at 763-572-3591. Public comments will be
received up until noon on the day of the meeting. Comments will be compiled and delivered to the
Fridley Housing and Redevelopment Authority.
Public Comment During a Meeting
During the meeting, members of the public who wish to comment may join the meeting on the Zoom
webinar platform. Attendees will be able to click the "raise hand button" and alert City staff that they
wish to comment. When it is time for comments, individuals will be recognized, and their
microphones will be enabled, allowing them to comment.
Anyone requested to stop unacceptable behavior is expected to comply immediately. The presiding
officer may take any action deemed necessary and appropriate, including immediate removal from
the meeting. Any instances of harassment or intimidation will be followed up by the Fridley Public
Safety Department.
Join the HRA meeting on Thursday, May 7, at 7:00 p.m. via Zoom at https://zoom.us/j/94319118979.
paul.bolin@ridleymn.gov
Call to Order.
Roll Call.
Action Items
1. Approval of Expenditures
2. Approval of March 5, 2020 Meeting Minutes
3. Approval of Amendment to Holly Center Terms Sheet
4. Approval of HRA Loan Covid-19 Deferment Policy
Informational Items
1. Housing Program Update
Adjournment.
CITY OF FRIDLEY
HOUSING AND REDEVELOPMENT AUTHORITY COMMISSION
March 5, 2020
Chairperson Holm called the Housing and Redevelopment Authority Meeting to order at 8:40
p.m.
MEMBERS PRESENT: William Holm
Elizabeth Showalter
Rachel Schwankl
Gordon Backlund
Kyle Mulrooney
OTHERS PRESENT: Paul Bolin, HRA Assistant Executive Director
Action Items:
1. Approval of Expenditures.
MOTION by Commissioner Schwankl to approve the expenses as submitted. Seconded by
Commissioner Mulrooney.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM THE MOTION CARRIED
UNANIMOUSLY.
2. Approval of January 2, 2020 Meeting Minutes.
MOTION by Commissioner Showalter to approve the minutes as amended. Seconded by
Commissioner Schwankl.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE
MINUTES APPROVED.
3. Approval of Extension to Developm
Paul Bolin, HRA Assistant Executive Director, stated that this is the sixth time they are back with
another amendment for IB properties to develop housing on the old City Hall site. All issues that
are coming up have to do with outside problems. Because Fairview changed some things and
divided up the lease, the title is taking longer than planned. This should be the last of the title
issues to be resolved. MPCA is behind in giving clearance letters so that has also added time. Dry
cleaner solvent was found in the soil borings and there is a small area that is above standards.
Braun Intertek has taken more soil borings. This pushes everything out to mid-April before we
will see any clearance letters, maybe even May. We are hoping to close May or early-June with
Dunbar. Staff is requesting an extension to July 1. The developer has $700,000 already invested
HousingandRedevelopmentAuthorityMeetingofMarch5,20202
in the property before they have started to break ground. The action tonight is to approve the
resolution and extending the closing date to July 1.
MOTION
Old City Hall. Seconded by Commissioner Schwankl.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE MOTION
CARRIED UNANIMOUSLY.
Informational Items:
1. Northtown Rail Yard Overpass Update.
Paul Bolin, HRA Assistant Executive Director, said that the Northtown Rail Yard Overpass is
th
referred to as the 57 Avenue Extension. This is listed in the 2030 Comprehensive Plan and this
th
n. This would connect 57 Avenue over to East River Road and there
are a number of reasons to do this. It will help move freight and vehicles and provide economic
development advantages to local business owners. 2,500 newer jobs south of 694 can take
advantage of the amenities that are there and for people living the community it creates another
east/west connection. This is a $25.0M project and we are trying to get $3.0M from the legislature
for design work. A resolution was adopted to spend up to $800,000 from expiring TIFF districts
to do some improvements and work on an acquisition. Home Depot owns part of the property that
property owners to the north and they see the
benefits. Burlington will give a window of time for installation like they did with the train tunnel.
Chairperson Holm asked how the financing would work for the $25.0M needed for this project.
Mr. Bolin replied that it will first be introduced into the house for $3.0M. Senators seem fairly
supportive and staff have been sending information they are requesting.
2. Housing Programs Update.
Paul Bolin, HRA Assistant Executive Director, reported that 2 loans were taken out in February
making a total of 3 year to date. There was 1 remodel visit and 14 energy squad visits for a total
of 27 year to date.
Adjournment:
MOTION by Commissioner Backlund to adjourn. Seconded by Commissioner Mulrooney.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE MOTION
CARRIED UNANIMOUSLY AND THE MEETING ADJOURNED AT 9:05.
AGENDA ITEM
HRA MEETING OF MAY 7, 2020
TO: Wally Wysopal, Executive Director of HRA
FROM: Paul Bolin, Assistant HRA Director
SUBJECT: Amendment to Term
Shane LaFave of the Roers Companies, a development group specializing in housing and
mixed-use projects, was able to reach an agreement on terms to purchase the Holly Center. At
this time, they are expecting a closing will most likely occur in September. Roers Companies
plans to demolish and replace the Holly Center with at least 260 units of rental housing and
13,000 square feet of commercial space.
In January, the Authority approved a terms sheet spelling out the responsibilities and
commitments of the developer and the Authority. Because of delay, caused by the seller, the
ending date of our terms sheet needs to be extended. We expect this terms sheet to only be in
effect for the next couple of months, as we work to draft the actual development agreement.
Staff recommends the Authority adopt a motion amending the termination date in the terms
sheet agreement so that it shall terminate on September 15, 2020.
AGENDA ITEM
HRA MEETING OF MAY 7, 2020
TO: Wally Wysopal, Executive Director of HRA
FROM: Paul Bolin, Assistant HRA Director
SUBJECT: Covid-19 Loan Deferment Policy
In response to the difficulties some Fridley families are experiencing from the Covid-19
pandemic, staff is recommending adopting a simple policy allowing deferment of loan payments
for those in need. This policy is specific to the impacts from Covid-19 and supporting documents
will be required.
Covid-19 Loan Deferment Policy:
The Authority will defer repayments of its senior loan and home improvement loan products for
borrowers that can demonstrate the need for relief, for up to six months. During this time,
interest will not accrue. The maturity date of the loan will be extended by the number of months
the loan payments are deferred.
Requests for deferment will be reviewed by the Community Reinvestment Fund (CRF) then
forwarded to HRA Staff for final approval. Applicants may be required to provide documents
supporting their deferment request.
Staff recommends the Authority approve the proposed Covid-19 loan deferment policy. Staff is
working with HRA Legal Counsel and CRF (loan portfolio managers) to develop the most
straightforward application and extension documents.
Fridley HRA
Housing Program Summary
Cover Page
May 7, 2020 HRA Meeting
ReportDescription
Loan Summary Report Loan application activity (e.g. mailed
out, in process, closed loans) for year-
to-date.
Also shows the number of field
appointments scheduled and completed
for the Remodeling Advisor Services
administered by Center for Energy and
Environment.
Home Energy Squad E-mail detailing recent activity and year
to date.
At the time of printing this packet, Home Energy Squad visits
have been suspended thru May 2020.
02
4
0
12
00
0.00
00
0.00
0.00
00
0.00
0.00
01
4500.00
00
00
0.00
05
95608.00
100108.00
0.00
06
0.00025000.001
0.0003872.001
0.0028872.002
0
8100.00
17.14
17.14
17.14
214.29
17.14
//
17.14
17.14
17.14
17.14
17.14
17.14
-
214.29