HRAA 10-3-2024
Housing & Redevelopment Authority
Regular Meeting
October 03, 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 September 5, 2024
3.Collateral Assignment of TIF Sherman Associates
Informational Items
4.Update on 2024 Grant Programs
5.Update on Housing Programs
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, programs or activities. Hearing impaired persons who need an interpreter or other persons who
require auxiliary aids should contact CityClerk@FridleyMN.govor (763) 572-3450.
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AGENDA REPORT
Meeting Date:October 3, 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 month of September2024.
Recommendation
Staff recommend the HRA approve the expenditures for the month of September,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.
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AGENDA REPORT
Meeting Date:October 3, 2024 Meeting Type:Housing & Redevelopment Authority
Submitted By:Paul Bolin, Assistant Executive Director
Title
Approval of the Minutes from the HRA Meeting ofSeptember 5,2024
Background
Recommendation
Staff recommends the HRA approve the minutes from the meeting of September 5, 2024.
Attachments and Other Resources
HRA Minutes September 5, 2024
Vision Statement
We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses.
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Housing and Redevelopment Authority
September 5,2024
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
Gordon Backlund
Troy Brueggemeier
John Buyse
Rachel Schwankl
Others Present
Paul Bolin, HRA Assistant Executive Director
Wally Wyspoal, City Manager
Action Items
1. Approval of Expenditures
Motionby Commissioner Brueggemeierto approve the expenditures. Seconded by Commissioner
Schwankl.
Upon a voice vote, all voting aye, Chair Showalterdeclared the motion carried unanimously.
2.ApprovalJune 6,2024, Meeting Minutes
Motionby Commissioner Backlundto approve the meeting minutesof June 6,2024as presented.
Seconded by Commissioner Buyse.
Upon a voice vote, all voting aye, Chair Showalterdeclared the motion carried unanimously.
3.Approval of HRA Tax Levy for Taxes Payable in 2025
Paul Bolin, HRA Assistant Executive Director, reviewed the tax authority of the HRA levy explaining
that based on the estimated market value the 2025 levy will allow the HRA to collect $810,030which
is an increase of approximately $57,000 more than the 2024 levy. Staff recommends the HRA approve
the resolution consenting to the HRA tax levy.
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Housing and Redevelopment Authority Minutes Page 2
9/5/2024
Motion by Commissioner Brueggemeier to approve HRA Resolution 2024-03 Adopting a 2024 Tax Levy
Collectible in 2025. Seconded by Commissioner Schwankl.
Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously.
4. Authorization to Issue Request for Qualifications Seeking Developer for Central & Mississippi
Mr. Bolin stated that staff recommends that the HRA issue a request for qualifications (RFQ) to select
a developer for the Central and Mississippi site. He reviewed the previous activity and discussion of
the HRA and Council related to this site. He provided additional details on the RFQ process.
Commissioner Backlund asked if the site would be anticipated to be cleared or whether some of the
trees would be protected. Mr. Bolin commented that those details would be determined when
working with the developer, but a number of those trees would be removed. Chair Showalter
commented that it would likely that only perimeter trees could remain but recalled that a majority of
the trees were of low quality.
Commissioner Buyse asked if the City findings would be detailed in the RFQ or whether the process
would be more open for developers to provide ideas. Mr. Bolin commented that the RFQ would
specify the desire for a slab on grade single-family product.
Commissioner Schwankl asked the number of developers that this would be sent to. Mr. Bolin
commented that his list includes 16 developers, and it would also be published. He welcomed
additional contacts the HRA may have. Commissioner Schwankl asked if the police have been using
the existing structures on the site for training purposes. Mr. Bolin confirmed that public safety has
been using the site for training purposes.
Motion by Commissioner Buyse to approve issuance of the Request for Qualifications as presented.
Seconded by Commissioner Backlund.
Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously.
5. Approval of Resolution 2024-04 Supporting Reconnecting Communities Grant Application
Mr. Bolin stated that for the third year, the City will be requesting $22,300,000 from this grant
program. He identified the area of the community that has been identified for reconnection, noting
that the overpass has been in the planning stages since 2012. He stated that although the City did
score well in the last two cycles, it was not awarded the funding. He stated that it was recommended
that the City increase its contribution to the project and show the additional funding sources, which
has been done in this application. He reviewed the anticipated benefits that would be provided
through the project. He explained that the hope would be that the City would not have to use the
full amount of funds that it could contribute and instead continue to fill the gaps with other funding
sources.
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Housing and Redevelopment Authority Minutes Page 3
9/5/2024
Commissioner Brueggemeier asked if the bridge would have car and pedestrian features. Mr. Bolin
confirmed that there would be two vehicle lanes in each direction as well as ten-foot paths for
pedestrians/bikes on each side.
replied that the US DOT requires a 50 percent match, explaining that additional 50 percent would
include City and other funding sources.
Chair Showalter asked if there has been any progress in regard to the railroad, recalling that had been
a challenge in the past. Mr. Bolin stated that the City has received letters of support for the project.
Chair Showalter commented that the sidewalks along Mississippi are often impassable because they
are covered with ice or algae.
Motion by Commissioner Brueggemeier to approve HRA Resolution 2024-
Reconnecting Communities Grant Application. Seconded by Commissioner Schwankl.
Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously.
6. Collateral Assignment of TIF Sherman Associates
Mr. Bolin stated that this item has been withdrawn by Sherman Associates, explaining that this is no
longer needed.
7. Approval of HRA Meeting Dates for 2025
Mr. Bolin presented the proposed 2025 meeting dates. It was noted that it would be likely that the
July meeting would be canceled.
Motion by Commissioner Buyse to approve the HRA 2025 meeting dates as presented. Seconded by
Commissioner Backlund.
Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously.
Informational Items
8. Update on Housing Programs
Mr. Bolin provided an update on HRA loan program activty from the last month as well as year to
date. He also provided an update on the HRA grant programs.
Adjournment
Motion by Commissioner Brueggemeier to adjourn the meeting. Seconded by Commissioner Schwankl.
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Housing and Redevelopment Authority Minutes Page 4
9/5/2024
Upon a voice vote, all voting aye, Chairperson Showalter declared the motion carried and the meeting
adjourned at 7:33 p.m.
Respectfully submitted,
Paul Bolin, Staff Liaison
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AGENDA REPORT
Meeting Date:October 3, 2024 Meeting Type:Housing & Redevelopment Authority
Submitted By:Paul Bolin, Assistant Executive Director
Title
Collateral Assignment of TIF Sherman Associates
Background
Sherman Associates is refinancing the Altair (Market Rate) and Aura (Senior) apartment buildings at the
Northstar Station site. Any refinancingrequires a collateral assignment of the TIF. As per the
development agreement, this change requires the approval of the Authority.
Sherman Associates,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 provided at the meeting.
Vision Statement
We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses.
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AGENDA REPORT
Meeting Date:October 3, 2024 Meeting Type:Housing & Redevelopment Authority
Submitted By:Paul Bolin, Assistant Executive Director
Title
Update on Housing Programs
Background
On a monthly basis, staff will provide updates from
loan programs, remodeling advisor visits and Home Energy Squad Visits.
Nancy Abts will provide an update on the 2024 Grant Programs at the meeting on Thursday.
Attachments and Other Resources
Chart of Loans Issued and Remodeling Advisor Visits
Vision Statement
We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses.
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04
22
3
52
0.00
00
0.00
0.00
0.00
00
00
92501.67
420
511461.33
5000.00
13
20000.00
20038.00
25
79451.00
0.00
00
0.00
0.00
00
0.00
0.00
00
0.00
0.00
02
50458.82
36528.85
210
156543.47
817914.62
154068.52
940
0.00017960.001
42772.00142772.001
42772.0060732.002
1
12
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3685.71
11.61
/
49.52
23.23
24.76
46.45
23.23
34.84
46.45
23.23
23.23
//
11.61
/
23.23
11.61
23.23
34.84
23.23
914.52
23.23
34.84
69.68
46.45
34.84
11.61
-
11.61
23.23
13