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HRAM 03/05/2020 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 Development Agreement – Old City Hall. 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 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. Housing and Redevelopment Authority Meeting of March 5, 2020 2 MOTION by Commissioner Backlund to approve the Extension to Development Agreement – 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 year’s Comprehensive Plan. 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 isn’t buildable. Discussions have been held with 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. Respectfully submitted, Krista Peterson Recording Secretary