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9-4-2025 Housing and Redevelopment Authority Meeting September 04, 2025 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 August 7, 2025 3.Resolution No. 2025-06, Adopting the FinalHRA Tax Levy for Taxes Payable in 2026 4.Resolution No. 2025-07 Designating Bank Signers 5.Approval of Resolution 2025-08 Decertification of TIFDistrict #17 6.Approval of Resolution 2025-09 Decertification of TIF District #19 Informational Items 7.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. 1 Jufn!2/ AGENDA REPORT Meeting Date:September 4, 2025 Meeting Type:Housing & Redevelopment Authority Submitted By:Stacy Stromberg, Assistant Executive Director Paul Bolin, Executive Director Title Approval of Expenditures Background Attached are the check reports for the month of August2025. Recommendation Staff recommend the HRA approve the expenditures for the periodAugust1 -31, 2025. 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 Bank Transaction Report Transaction Detail Issued Date Range: 08/01/2025 - 08/28/2025 Issued DateDescriptionModuleType 08/13/2025 MITCHELL, JAQUINETTAAccounts PayableCheck 08/13/2025 MONROE MOXNESS BERG PAAccounts PayableCheck 08/13/2025 NORTH STATE ADVISERS & ASSOCIATESAccounts PayableCheck 08/13/2025 PENTEK, CHRISTENAccounts PayableCheck 08/13/2025 ROEPKE, JODYAccounts PayableCheck 08/20/2025 ABTS, NANCYAccounts PayableCheck 08/20/2025 KANER, ELYSEAccounts PayableCheck 08/20/2025 MAURER, DAVIDAccounts PayableCheck 08/20/2025 PASSAU LANDCARE INCAccounts PayableCheck 08/20/2025 WAHLEN, CHRISTINAAccounts PayableCheck 08/27/2025 HEUCHERT-BERRY, MELISSAAccounts PayableCheck Bank Account Total: (11) -20,081.48 Report Total: (11) -20,081.48 Bank Issued Date Range: - Transaction Summary Report 11-20,081.48 Report Total: 11-20,081.48 Cash Account Count Amount 099099-11-20,081.48 101100 CashinReport Total: 11-20,081.48 Transaction Type Count Amount Check11-20,081.48 Report Total: 11-20,081.48 Jufn!3/ AGENDA REPORT Meeting Date:September4, 2025 Meeting Type:Housing & Redevelopment Authority Submitted By:Stacy Stromberg, Assistant Executive Director Paul Bolin, Executive Director Title Approval of the Minutes from theHRA Meeting ofAugust 7,2025 Background Recommendation Staff recommends the HRA approve the minutes from the meeting of August 7, 2025. Attachments and Other Resources HRA Minutes August 7, 2025 Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 4 Jufn!3/ Housing and Redevelopment Authority August 7,2025 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 Frank Inamagua Rachel Schwankl Absent Others Present Paul Bolin, Community Development Director Action Items 1. Approval of Expenditures Motionby Commissioner Brueggemeierto approve the expenditures. Seconded by Commissioner Backlund. Upon a voice vote, all voting aye, Chair Showalterdeclared the motion carried unanimously. 2.ApprovalJune 5,2025, Meeting Minutes Motionby Commissioner Brueggemeierto approve the meeting minutesof June 5,2025,as presented. Seconded by Commissioner Schwankl. Upon a voice vote, all voting aye, Chair Showalterdeclared the motion carried unanimously. 3.Approval of HRA Meeting Dates for 2026 Paul Bolin, Community Development Director,reviewed the proposed HRA meeting dates for 2026. 5 Jufn!3/ Housing and Redevelopment Authority Minutes Page 2 8/7/2025 Motion by Commissioner Backlund to approve the HRA meeting dates for 2026. Seconded by Commissioner Inamagua. Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously. 4. Approval of Resolution 2025-05 Reassignment of TIF Note Axle Apartments Mr. Bolin stated that Roers is selling the Axle Apartment building and, therefore, the TIF agreement between Roers and the City of Fridley will need to be reassigned to the new owner. Commissioner Schwankl referenced the outlot and asked if there has been development on that parcel or whether the outlot would become part of the sale. Mr. Bolin commented that the outlot is vacant and would be part of the sale. He was optimistic that the new owner would be able to develop something on the outlot. He confirmed that the property would continue to have on-site management. Motion by Commissioner Brueggemeier to approve HRA Resolution 2025-05, Reassignment of TIF Note Axle Apartments. Seconded by Commissioner Schwankl. Upon a voice vote, all voting aye, Chair Showalter declared the motion carried unanimously. Informational Items 5. Update on Housing Programs Mr. Bolin provided an update on the June and July loan activity, as well as year-to-date information on the loans and programs. Adjournment Motion by Commissioner Backlund to adjourn the meeting. Seconded by Commissioner Inamagua. Upon a voice vote, all voting aye, Chairperson Showalter declared the motion carried and the meeting adjourned at 7:13 p.m. Respectfully submitted, Paul Bolin, Staff Liaison 6 Jufn!4/ AGENDA REPORT Meeting Date:September 4, 2025 Meeting Type:Housing & Redevelopment Authority Submitted By:Joe Starks, Finance Director Stacy Stromberg, Assistant Executive Director Paul Bolin, Executive Director Title Resolution No. 2025-06, Adopting the FinalHRA Tax Levy for Taxes Payable in 2026 Background Since 1996, the HRA has utilized a tax levy to help support its housing rehabilitation programs. In accordance with Minnesota Statute, 469.033, the Authority is seeking to levy the statutory maximum, equal to .0185% of the estimated market value of all real estate and personal property. The tax levy will allow the Authority to collect approximately $823,983based on an estimated market value of $4,453,967,100, an increase of approximately $13,953more than last year. In terms of the impact on taxpayers, the levy would cost approximately $55per year for the median valuehomeowner (valued at $296,400)and $185 per year for a commercial property valued at $1,000,000. The revenues raised by the levy are directed towards rehabilitation programs,ongoing th and future redevelopment priorities, and for portions of the Northtown Railyard Overpass(57Avenue Bridge)project. State Statutes require the consent of the City Council, prior to the tax levy becoming effective. The City Council will act on this item on September 22nd. As a final note, the HRA tax levy will be certified to the County Auditor by September 30, 2025. Recommendation Staff recommends the Authority approve the attached resolution, adopting a final2025Tax Levy, collectible in 2026. Attachments and Other Resources HRA Resolution No. 2025-06, Adopting the FinalHRA Tax Levy for Taxes Payable in 2026 Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 7 Jufn!4/ HRA RESOLUTION NO. 2025-06 RESOLUTION ADOPTING A 2025 TAX LEVY COLLECTIBLE IN 2026 BE IT RESOLVED by the Board of Commissioners (the "Commissioners") of the Housing and Redevelopment Authority in and for the City of Fridley, Minnesota (the "Authority"), as follows: Section 1. Recitals. 1.01. The Authority is authorized by Minnesota Statutes Section 469.033 to adopt a levy on all taxable property within its area of operation, which is the City of Fridley, Minnesota (the "City"). 1.02. The Authority is authorized to use the amounts collected by the levy for the purposes of Minnesota Statutes Sections 469.001 to 469.047 (the "General Levy"). Section 2. Findings. 2.01. The Authority hereby finds that it is necessary and in the best interests of the City and the Authority to adopt the General Levy to provide funds necessary to accomplish the goals of the Authority. Section 3. Adoption of General Levy. 3.01. The following sums of money are hereby levied for the current year, collectible in 2026, upon the taxable property of the City for the purposes of the General Levy described in Section 1.02 above: Total General Levy: .0185% of Estimated Market Value Amount: Maximum Allowed by Law Section 4. Report to City and Filing of Levies. 4.01. The Executive Director of the Authority is hereby instructed to transmit a certified copy of this Resolution to the City Council for its consent to the General Levy. 4.02. After the City Council has consented by resolution to the General Levy, the Executive Director of the Authority is hereby instructed to transmit a certified copy of this Resolution to the County Auditor of Anoka County, Minnesota. Passed and adopted by the Housing and Redevelopment Authority in and for the City of th Fridley this 4 day of September, 2025. ________________________________________________ Attest: Elizabeth Showalter - Chairperson _______________ Paul Bolin Executive Director 8 Jufn!5/ AGENDA REPORT Meeting Date:September 4, 2025 Meeting Type:Housing & Redevelopment Authority Submitted By:Paul Bolin, Executive Director Title Resolution No. 2025-07DesignatingBank Signers Background Staff is requesting that the Authority adopt a resolution updating the authorized signers for HRA banking activities. Typically, the Board approves banking signers in January alongside the designation of our official depository for the year. However, recent personnel changes necessitate a mid-year adjustment to ensure continuity of our financial operations. Assistant Finance Director Korrie Johnson has accepted a position with another City and has been replaced by Shannon Veeraboina in this role. Additionally, I have assumed the position of Executive Director. These staffing changes require that the Authority update banking authorization to reflect current personnel. The attached resolution designates the appropriate staff members as authorized signers for all official HRA banking activities, ensuring we maintain proper financial controls and operational efficiency throughout the remainder of the fiscal year. Recommendation Staff recommend the approval of HRA Resolution No. 2025-07. Attachments and Other Resources HRA Resolution No. 2025-07 Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 9 Jufn!5/ Resolution No. 2025--- Designating Official Depositories for the Housing & Redevelopment Authority Whereas, I, Joe Starks, do hereby certify that I am the Finance Director-Treasurer of the Housing & Redevelopment Authority in and for the City of Fridley, a corporation organized under the laws of the State of Minnesota. I further certify that at a meeting of said corporation duly and properly called and held on the 4th day of September 2025, the following resolution was passed; that a quorum was present at said meeting; and that said resolution is set forth in the minutes of the meeting and has not been rescinded or modified. Now, therefore, be it resolved that Wells Fargo Bank Minnesota N.A. and UBS Financial Services, Inc. are hereby designated as a depositories for the funds of this corporation. Be it further resolved that checks, drafts or other withdrawal orders issued against the funds of this corporation on deposit with said bank shall be signed by any of the following individuals: Paul Bolin, Executive Director Joe Starks, Finance Director Shannon Veeraboina, Assistant Finance Director and that said banks are hereby fully authorized to pay and charge to the account of this corporation any checks, drafts, or other withdrawal orders. Be it further resolved that Wells Fargo Banks and UBS Financial Services as the designated depositories of the corporation are hereby requested, authorized and directed to honor checks, drafts or other orders for the payment of money drawn in this corporation's name, including those drawn to the individual order of any person or persons whose name or names appear thereon as signer or signers thereof, when bearing or purporting to bear the facsimile signatures of the following individuals: Paul Bolin, Executive Director Joe Starks, Finance Director Shannon Veeraboina, Assistant Finance Director Be it further resolved that any and all resolutions heretofore adopted by the Housing & Redevelopment Authority of the corporation and certified to as governing the operation of this corporation's account(s) with it, be and are hereby continued in full force and effect, except as the same may be supplemented or modified by the foregoing part of this resolution. 10 Jufn!5/ Resolution No. 2025Page 2 Be it further resolved that all transactions, if any relating to deposits, withdrawals, re-discounts and borrowings by or on behalf of the corporation with said bank prior to the adoption of this resolution be, and the same hereby are, in all things ratified, approved and confirmed. Be it further resolved that any bank or savings and loan may be used as depositories for investment purposes so long as the investments comply with authorized investments as set forth in Minnesota Statutes. Be it further resolved that the signatures of the following two named City/HRA employees are required for withdrawal of Housing & Redevelopment Authority investment funds from savings and loan associations: Paul Bolin, Executive Director ____________________________________ Joe Starks, Finance Director _____________________________________ Shannon Veeraboina, Assistant Finance Director ______________________________________ Be it further resolved that any brokerage firm may be used as a vendor for investment purposes so long as the investments comply with the authorized investments as set forth in Minnesota Statutes. I further certify that the Board of this corporation has, and at the time of adoption of said resolution, had full power and lawful authority to adopt the foregoing resolutions and to confer the powers therein granted to the persons named who have full power and lawful authority to exercise the same. Passed and adopted by the Housing & Redevelopment Authority in and for the City of th Fridley this 4 day of September, 2025. _______________________________________________ Elizabeth Showalter - Chairperson Attest: _________________________________________________ Paul Bolin - Executive Director 11 Jufn!6/ AGENDA REPORT Meeting Date:September 4, 2025 Meeting Type:Housing & Redevelopment Authority Submitted By:Paul Bolin, Executive Director Title Approval of Resolution 2025-08Decertification of TIF District #17 Background In 2001the Authority approved the creation of TIF District #17Gateway East. The TIFassistance helped to cover some of the extraordinarycosts incurred with the demolition and environmental cleanup of a former automotive repair shop and a pawn shop. The redevelopment project included constructing a 35-unit townhome complex and a Valvoline Oil Change location. The site has increased in value from roughly $540,000up to approximately $7.5M. This redevelopment districtwas not set to expire until 2028, but due to the success of the project allthe TIF obligations have been met,and the district can be decertified at the end of this year. Upon decertification, all future taxes generated will be shared with the other taxing jurisdictions. Recommendation Staff recommends approval ofResolution 2025-08 Attachments and Other Resources Resolution 2025-08 Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 12 Jufn!6/ HRA Resolution No. 2025-____ Page 1 HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA COUNTY OF ANOKA STATE OF MINNESOTA HRA RESOLUTION NO. 2025-___ A RESOLUTION APPROVING DECERTIFICATION OF TAX INCREMNT FINANCING DISTRICT NO. 17 (GATEWAY EAST) BE IT Section 1. Recitals. 1.01 The established Tax Increment Financing Redevelopment District No. 17 (Gateway East), (the "District") on December 11, 2000. 1.02 Authority to decertify a tax increment financing district on any date after all bonds and other obligations have been satisfied; and 1.03 The date hereof all obligations to which tax increment from the District have been pledged will be paid in full. 1.04 The Authority desires by this resolution to decertify the District effective December 31, 2025, by which all taxing jurisdictions will benefit from an increased tax base effective for taxes payable in 2026; and 1.05 The Authority acknowledges such action will be taken by Anoka County to decertify the District as a tax increment district and to no longer remit tax increment from the District to the City after December 31, 2025. Section 2. Approval. 2.01 The Finance Director is authorized and directed to provide Anoka County with documents related to decertification of the District, to submit the Confirmation of Decertified TIF District form to the Office of the State Auditor and take any other steps required for decertification by December 31, 2025. 2.02 The Finance Director is authorized and directed to determine the amount of excess tax increment in the account for the District and to return all excess tax increment to Anoka County for redistribution to other taxing jurisdictions. 13 Jufn!6/ PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY THIS ____ DAY OF ________, 2025. __________________________________ Elizabeth Showalter, Chairperson ATTEST: __________________________________ Walter T. Wysopal, Executive Director 14 Jufn!7/ AGENDA REPORT Meeting Date:September 4, 2025 Meeting Type:Housing & Redevelopment Authority Submitted By:Paul Bolin, Executive Director Title Approval of Resolution 2025-09Decertification of TIF District #19 Background In 2007the Authority approved the creation of TIF District #19Main Street. The TIFassistancehelped to cover some of the extraordinarycosts incurred with the demolition and environmental cleanup of a former building supply warehouse.The cleanup includedremoval of a railroad spur and removal of old tornado debris buried across the site. The redevelopment resulted in a modern 242,000 sq. foot industrial building. The site has increased in value from roughly $2.3M up to approximately $19.5M. This redevelopment districtwas not set to expire until 2034, but due to the success of the project allthe TIF obligations have been met,and the district can be decertified at the end of this year. Upon decertification, all future taxes generated will be shared with the other taxing jurisdictions. Recommendation Staff recommends approval ofResolution 2025-09 Attachments and Other Resources Resolution 2025-09 Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 15 Jufn!7/ HRA Resolution No. 2025-____ Page 1 HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY, MINNESOTA COUNTY OF ANOKA STATE OF MINNESOTA HRA RESOLUTION NO. 2025-___ A RESOLUTION APPROVING DECERTIFICATION OF TAX INCREMNT FINANCING DISTRICT NO. 19 (5110 MAIN STREET PROJECT) Section 1. Recitals. 1.01 The established Tax Increment Financing Redevelopment District No. 19 (5110 Main Street Project), (the "District") on February 26, 2007. 1.02 Authority to decertify a tax increment financing district on any date after all bonds and other obligations have been satisfied; and 1.03 The date hereof all obligations to which tax increment from the District have been pledged will be paid in full. 1.04 The Authority desires by this resolution to decertify the District effective December 31, 2025, by which all taxing jurisdictions will benefit from an increased tax base effective for taxes payable in 2026; and 1.05 The Authority acknowledges such action will be taken by Anoka County to decertify the District as a tax increment district and to no longer remit tax increment from the District to the City after December 31, 2025. Section 2. Approval. 2.01 The Finance Director is authorized and directed to provide Anoka County with documents related to decertification of the District, to submit the Confirmation of Decertified TIF District form to the Office of the State Auditor and take any other steps required for decertification by December 31, 2025. 2.02 The Finance Director is authorized and directed to determine the amount of excess tax increment in the account for the District and to return all excess tax increment to Anoka County for redistribution to other taxing jurisdictions. 16 Jufn!7/ PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF FRIDLEY THIS ____ DAY OF ________, 2025. __________________________________ Elizabeth Showalter, Chairperson ATTEST: __________________________________ Walter T. Wysopal, Executive Director 17 Jufn!8/ AGENDA REPORT Meeting Date:September 5, 2024 Meeting Type:Housing & Redevelopment Authority Submitted By:Stacy Stromberg, Assistant Executive Director Paul Bolin, Executive Director Title Update on Housing Programs Background loan programsandremodeling advisor visits. 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. 18 Fridley Loan Summary Report Jufn!8/ Activity for Period 7/16/2025 - 8/15/2025 Application packets requested/mailed: This period:0Year-to-Date:6 16 Residential Advisor Visits:This period:0Year-to-Date: Loans currently in process for residents in your City/Neighborhood: 36 This period:Year-to-Date: Closed Loans UnitsUnits FHF 0.00 00 0.00 2-4 Unit Revolving 0.00 0.00 Total00 UnitsUnits Fridley 00 137,215.00 431 Closed End781,509.79 0.00 06 50,000.00 Down Payment Assistance 5,205.00 14 43,903.00 Home Betterment Deferred 0.00 00 0.00 Last Resort 0.00 01 Last Resort Emergency 3,670.00 Deferred 0.00 00 0.00 Mobile Home Closed End 0.00 00 0.00 Multi Family Exterior Closed End 31,744.00 26 Senior Deferred100,990.20 980,072.99 174,164.00 Total748 This period:UnitsYear-to-Date:Units Leveraged Funds 7,705.0017,705.001 CEE 60,000.001157,132.003 MHFA FUF 67,705.00164,837.004 2 Total 19 # Types of Improvements Financed YTD# of Projects%of TotalTypes of Properties Financed YTD% of Total Jufn!8/ Commercial -Non-residential 11.89 22.70 Additions/Finishing off unused space Condominium 11.89 11.35 Air Conditioning Single Family Residence 4788.68 11.35 Deck Townhouse 47.55 68.11 Down Payment Assistance 34.05 Driveways 79.46 Electrical 22.70 Flooring/Carpet/Tile 11.35 Garage 56.76 Heating System 22.70 Insulation 56.76 Kitchens 22.70 Landscaping 810.81 Other Exterior Improvements 79.46 Other Interior Improvements 22.70 Plumbing 11.35 Radon Mitigation Roof79.46 22.70 Sidewalks, Steps 34.05 Siding, Stucco, Exterior Paint 22.70 Solar-PV 11.35 Thermostat 45.41 Windows, Doors, Storm Windows, Storm Doors 20