HRAM 05/07/2020
CITY OF FRIDLEY
HOUSING AND REDEVELOPMENT AUTHORITY COMMISSION
May 7, 2020
Chairperson Holm called the Housing and Redevelopment Authority Meeting to order at 7:00
p.m.
MEMBERS PRESENT: William Holm
Elizabeth Showalter
Gordon Backlund
Kyle Mulrooney
Rachel Schwankl
OTHERS PRESENT: Paul Bolin, HRA Assistant Executive Director
Wally Wysopal, City Manager
Dan Tienter, Finance Director
Jim Casserly, Development Consultant
Action Items:
1. Approval of Expenditures.
MOTION by Commissioner Backlund to approve the expenses as submitted. Seconded by
Commissioner Showalter.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE MOTION
CARRIED UNANIMOUSLY
2. Approval of the March 5, 2020 Meeting Minutes.
MOTION by Commissioner Backlund to approve the minutes as presented. Seconded by
Commissioner Mulrooney.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE
MINUTES APPROVED.
3. Approval of Amendment to Holly Center Terms Sheet.
Paul Bolin, HRA Assistant Executive Director, stated that in January the Authority approved a
term sheet with Roers Investment. There was a delay from when this was approved to when they
were able to make a deal with the property owner. Staff is asking for an extension of the timeline.
Changes since we last met include building 260 housing units with 13,000 sq. ft. of retail on the
site. This site has been a high propriety for redevelopment in the last two Comprehensive Plans.
Staff recommends the Authority adopt a motion amending the termination date in the terms
agreement so that it shall terminate September 15, 2020.
Housing and Redevelopment Authority Meeting of May 7, 2020 2
Commissioner Schwankl asked what type of retail would be developed and which ones might
stay.
Mr. Bolin replied this would be a complete demolition and a few tenants said they may have
interest in coming back to this site. There is a daycare wanting to be on the site and a coffee shop
drive through.
Commissioner Backlund asked how high the building would be and if there would be
underground parking.
Mr. Bolin replied that preliminary plans are looking at a four-story building, 45’ total height. City
Code allows them to go as high as 60’ high. And yes, there will be underground parking and the
large surface lot would include more landscaping and green areas and less surface parking.
MOTION by Commissioner Backlund to approve the Amendment to Holly Center Terms Sheet.
Seconded by Commissioner Showalter.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE MOTION
CARRIED UNANIMOUSLY.
4. Approval of HRA Loan COVID–19 Deferment Policy.
Paul Bolin, HRA Assistant Executive Director, stated that there have been two requests from
people using our loan products for deferrals due to COVID-19. CRF and CEE have noted that a
number of cities have developed similar policies. The policy would read as follows: 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 mature 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 that the HRA approve the proposed COVID-19 Loan Deferral Policy.
Commissioner Showalter asked why the seniors were included as their payments can be deferred
until the property is sold.
Mr. Bolin replied that some seniors are making payments and want something more formal from
us.
Commissioner Schwankl asked if the policy should have a time limit.
Mr. Bolin noted that deferments have to be COVID related. When the governor lifts the Peace
Time Emergency issues with customers may not end right away. The thought was to keep this
policy simple and open ended.
Housing and Redevelopment Authority Meeting of May 7, 2020 3
Jim Casserly, Development Consultant, added that customers must have a real need for this
deferment, and it is unknown how long this will go on. Interest will not be charged during
deferment and the maturity of the loan would be extended up to six months providing relief for
those who need it. Staff can report monthly on how many are using this deferment.
Commissioner Showalter wasn’t comfortable that the policy doesn’t have a date.
Mr. Casserly said it could go through the end of this year.
MOTION by Commissioner Schwankl to approve the HRA Loan COVID–19 Deferment Policy.
Seconded by Commissioner Showalter.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE MOTION
CARRIED UNANIMOUSLY.
Informational Items:
Housing and Loan Program Update
Paul Bolin, HRA Assistant Executive Director, reported that there were no loans closed in April
making a total of 8 year to date. Also no Remodel Advisor Visits in April (4 year to date) and no
Home Energy Squad Visits in April (27 year to date).
Adjournment:
MOTION by Commissioner Showalter to adjourn. Seconded by Commissioner Backlund.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE MOTION
CARRIED UNANIMOUSLY AND THE MEETING ADJOURNED AT 7:28 P.M.
Respectfully submitted,
Krista Peterson
Recording Secretary