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06-06-2024 Housing & Redevelopment Authority Regular Meeting June 06, 2024 7:00 PM Fridley City Hall, 7071 University Avenue N.E. Agenda Call to Order Roll Call Action Items 1.Approval of Expenditures 2.Approval of the Minutes from the HRA Meeting of April 4, 2024 3.Annual Election of Officers 4.Public Hearing and Resolution No. 2024-02, Authorizing Land Transfer to City of Fridley (5707 West Moore Lake Drive) 5.Collateral Assignment of TIF Sherman Associates Informational Items 6.Housing Program Update Adjournment Accessibility Notice: If you need free interpretation or translation assistance, please contact City staff. Si necesita ayuda de interpretación o traducción gratis, comuníquese con el personal de la ciudad. Yog tias koj xav tau kev pab txhais lus los sis txhais ntaub ntawv dawb, ces thov tiv tauj rau Lub Nroog cov neeg ua hauj lwm. Haddii aad u baahan tahay tarjumaad bilaash ah ama kaalmo tarjumaad, fadlan la xiriir shaqaalaha Magaalada. Upon request, accommodation will be provided to allow individuals with disabilities to participate in any City of Fridley services, programsor activities. Hearing impaired persons who need an interpreter or other persons who require auxiliary aids should contact CityClerk@FridleyMN.govor (763) 572-3450. 1 Jufn!2/ AGENDA REPORT Meeting Date:June 6, 2024 Meeting Type:Housing & Redevelopment Authority Submitted By:Paul Bolin, Assistant Executive Director Title Approval of Expenditures Background Attached are the check reports for the monthsof April and May2024. Recommendation Staff recommend the HRA approve the expenditures for the periodApril1 through May 30, 2024. Attachments and Other Resources Check Reports Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 2 Jufn!2/ 3 Jufn!2/ 4 Jufn!2/ 5 Jufn!2/ 6 Jufn!3/ AGENDA REPORT Meeting Date:June 6, 2024 Meeting Type:Housing & Redevelopment Authority Submitted By:Paul Bolin, Assistant Executive Director Title Approval of the Minutes from the HRA Meeting ofApril4,2024 Background Recommendation Staff recommends the HRA approve the minutes from the meeting of April4, 2024. Attachments and Other Resources HRA Minutes April4, 2024 Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 7 Jufn!3/ Housing and Redevelopment Authority April 4,2024 7:00 PM Fridley City Hall, 7071 University Avenue NE Minutes Call to Order Chairperson Showaltercalled the Housing and Redevelopment Authority meeting to order at 7:00 p.m. Present Elizabeth Showalter Troy Brueggemeier Rachel Schwankl Kyle Mulrooney Absent Gordon Backlund Others Present Paul Bolin, HRA Assistant Executive Director Action Items 1. Approval of Expenditures February and March 2024. Motionby Commissioner Mulrooneyto approve the expenditures. Seconded by Commissioner Brueggemeier. Upon a voice vote, all voting aye, Chair Showalterdeclared the motion carried unanimously. 2.ApprovalFebruary 1,2024, Meeting Minutes. Motionby Commissioner Brueggemeierto approve the meeting minutesof February 1,2024,as presented. Seconded by Commissioner Schwankl. Upon a voice vote, all voting aye, Chair Showalterdeclared the motion carried unanimously. 3.Approval of Amendment to CEE Home Energy Squad Agreement Paul Bolin, Assistant Executive Director, stated that in 2015,the City began its agreement for the Home Energy Squad visits, and he provided a brief summary of the program which helps residents identify efficiencies that could be made to homes. He stated that CEE has been a partner to the City for many years, and he reviewedthe different programs and loan programs the organization has partnered 8 Jufn!3/ Housing and Redevelopment Authority Meeting 4/4/2024 Minutes Page 2 with the City to facilitate. He stated that there are some uncertainties for the Home Energy Squad program because of a notice that was provided by utility companies. He stated that through the proposed amendment, CEE would continue to administer the program through June 1, 2024, with the same service and discount allowed through the end of May. He stated that this item will come back to the HRA once the details of the new program are known. Motion by Commissioner Brueggemeier to approve the amendment to the Home Energy Squad Agreement with CEE. Seconded by Commissioner Schwankl. Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously. Informational Items 4. Update on Housing Programs Mr. Bolin reported that the annual open house for homeowner programs was held on March 27, and he provided a summary of the event. He also provided an update on the status of the loan programs. Adjournment Motion by Commissioner Mulrooney to adjourn the meeting. Seconded by Commissioner Brueggemeier. Upon a voice vote, all voting aye, Chairperson Showalter declared the motion carried and the meeting adjourned at 7:14 p.m. Respectfully submitted, Paul Bolin, Staff Liaison 9 Jufn!4/ AGENDA REPORT Meeting Date:June 6, 2024 Meeting Type:Housing & Redevelopment Authority Submitted By:Paul Bolin, Assistant Executive Director Title Annual Election of Officers Background Article V, Section 3 of the -laws requires the Board of Commissioners to annually elect a Chair and Vice Chair. The election is typically held in June. Below is a list of the commissioners and the length of their current appointments. Commissioner End of Term Elizabeth ShowalterChairJune 2028 Troy BrueggemeierJune 2027 Gordon BacklundJune 2026 Rachel SchwanklJune 2025 Kyle Mulrooney Vice ChairJune 2024* *Vice Chair Mulrooney has resigned from the Board of Commissioners, effective after the June 6 meeting. The City Council has selected John Buyse as his replacement. John has been a member of the Planning Commission for the past four years and has a background in finance and rental property. Recommendation Staff recommends the -laws, to serve through June 2025. Attachments and Other Resources None Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 10 Jufn!5/ AGENDA REPORT Meeting Date:June 6, 2024 Meeting Type:Housing & Redevelopment Authority Submitted By:Paul Bolin, Assistant Executive Director Title Public Hearing Land Transfer to City5707 West Moore Lake Drive Background In 1999, as part of the development of the Medtronic World Headquarters, the Authority purchased property along the south shore of West Moore Lake for the purpose of constructing Medtronic Parkway. The three parcels are not developable and would be better Department. Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 11 Jufn!5/ The remnants of the original parcels, acquired for the construction of the Parkway, are not adequate in size to facilitate development due to shoreland setbacks. Development of the lots is further restricted to public purposes, as they were acquired through eminent domain. Transfer of the parcels to the City will ensure public ownership and transfer maintenance of the property to the City. Recommendation Staff recommends the Authority hold a public hearing and then adopt Resolution 2024-02 authorizing transfer of property to the City of Fridley. Attachments and Other Resources Resolution 2024-02 Public Hearing Notice Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 12 Jufn!5/ Resolution No. 2024-02 Authorizing Land Transfer to City of Fridley Whereas, the Housing and Redevelopment Authority in and for the City of Fridley (the owns three parcels of land on the south end of West Moore Lake (Parcel Identification Numbers 23-30-24-14-0020, 23-30-24-14-0021 & 23-30-24-14-0022); and Whereas, the parcels are not available for development; and Whereas, the parcels must be used for public purposes; and Whereas, the City of Fridley will take over ownership and maintenance of the property. Now, therefore be it resolved, that the Authority authorizes Executive Director and Chair to execute documents necessary to transfer ownership of the parcels to the City of Fridley. Passed and adopted by the Housing & Redevelopment Authority in and for the City of Fridley this 6th day of June, 2024. _______________________________________________ Elizabeth Showalter - Chairperson Attest: _________________________________________________ Walter T. 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The new lender, like the current lender, requires a collateral assignment of the TIF. As per the development agreement, this change requires the approval of the Authority. The owner of the TIF Note desires to use any proceeds the owner receives under the TIF Note as additional collateral for a loan, by executing a Collateral Assignment document in favor of its lender. This document allows any payments made under the TIF Note to be utilized by the lender to satisfy the owner/lender, for example, if the owner/borrower defaults in its loan obligations. In that instance, the lender provides notice to the HRA of a default, and thereafter the HRA makes payments to the lender instead of to the owner/borrower, and the owner/borrower agrees that such direct payments by the HRA are proper. The consent process is required so that the HRA receives copies of the proposed collateral assignment document, receives copies of the requisite notices,and is aware at all times to whom it has authority to make such payments. Recommendation Staff recommends approval ofthe collateral assignment. Attachments and Other Resources None -Collateral assignment is being reviewed by attorneys and will be available prior to the meeting. Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 16 Jufn!7/ 02 16 1 25 0.00 00 0.00 0.00 0.00 00 00 82993.68 26 197658.00 0.00 00 0.00 19413.00 11 19413.00 0.00 00 0.00 0.00 00 0.00 0.00 00 0.00 0.00 01 36258.82 20880.00 22 20880.00 274209.82 123286.68 510 00 0 0 17 Jufn!7/ 880.00 15.56 0 110.00 316.67 110.00 15.56 15.56 0 15.56 15.56 422.22 15.56 15.56 15.56 15.56 211.11 18