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HRA 02/13/1992 - 29629� CITY OF FRIDLEY HOIISING & REDEVELOPMENT AUT80RITY MEETING� FEBRUARY 13� 1992 ��_��___�� CALL TO ORDER• Chairperson Commers called the February 13, 1992, Housing and Redevelopment Authority meeting to order at 7:30 p.m. ROLL CALL• Members Present: Larry Commers, John Meyer, Duane Prairie Members Absent: Virginia Schnabel, Jim McFarland Others Present: William Burns, Executive Director of HRA Barbara Dacy, Community Development Director Paul Hansen, Accountant Jim Hoeft, HRA Attorney APPROVAL OF JANUARY 9. 1992, HOUSING & REDEVELOPMENT AUTHORITY MINUTES: MOTION by Mr. Meyer, seconded by Mr. Prairie, to approve the ^ January 9, 1992, Housing & Redevelopment Authority minutes as written. OPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERB DECLARED THE MOTION CARRIED IINANIMOIISLY. 1. RECEIVE BIDS AND AWARD CONTRACT FOR LAKE POINTE DEVELOPMENT MAINTENANCE PROJECT NO. 226: MOTION by Mr. Prairie, seconded by Mr. Meyer, to receive the bids and award the bid and authorize execution of the contract to Innovation Irrigation in the amount of $25,945.00 for Lake Pointe Development Maintenance Project No. 226. IIPON A VOICE VOTE� ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED IINANIMOU3LY. 2. CONSIDER APPROVAL OF JOINT POWERS AGREEMENT WITH ANOKA COUNTY AND CITY OF FRIDLEY, MISSISSIPPI STREET AND UNIVERSITY AVENUE IMPROVEMENT PROJECT: Mr. Commers stated the HRA has discussed this in the past and has given its approval. There are slight changes in the 1992 estimates from 1990 of about $14,000-15,000. � i� �'�1 � HOIISING & REDEVELOPMLNT AIITHORITY MTG.. FEBRIIARY 13, 1992 - PAGE 2 MOTION by Mr. Meyer, seconded by Mr. Prairie, to concur with the City Council's approval of the Joint Powers Agreement and to authorize execution of the Joint Powers Agreement with Anoka County and the City of Fridley for the purpose of completing the Mississippi Street/University Avenue improvement project. IIPON A VOICE VOTE� ALL VOTING AYE, CHAIRPERSON COMMER3 DECLARED THE MOTION CARRIED IINANIMOIISLY. 3. CONSIDER CONVEYANCE OF EASEMENT TO ANOKA COUNTY. 280 MISSISSIPPI STREET (DAIRY QUEEN� MOTION by Mr. Prairie, seconded by Mr. Meyer, to authorize the Chairperson and Executive Director to execute the 40 foot easement to Anoka County at 280 Mississippi Street (Dairy Queen). Ms. Dacy stated that Mr. Hoeft has brought it to her attention that technically Mr. McLinden as the County Administrator does not have to be listed on the easement document, so the document will be corrected. IIPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED IINANIMOUSLY. 4. CONSIDER APPROVAL OF 1992 HRA BUDGET: Mr. Commers stated that Mr. Burns memo dated February 7, 1992, sets forth the two corrections that were suggested at the budget meeting on January 9, 1992. Those two corrections are to subtract potential fees for Springsted in the amount of $30,000 and to allocate only $2,500 for Rice Plaza Shopping Center maintenance items. MOTION by Mr. Meyer, seconded by Mr. Prairie, to approve the 1992 HRA budget as amended. IIPON A VOICE VOTE, AI,L VOTING AYE, CHAIRPERBON COMMERS DECLARED THE MOTION CARRIED IINANIMOII3LY. 5. COATSIDER APPROVAL OF THIRD AMENDMENT TO LEASEHOLD AGREEMENT AND FIRST AMENDMENT TO MEMORANDUM OF LEASEHOLD AGREEMENT: Mr. Commers stated this is merely a housekeeping item with Columbia Park Properties to correct a legal description error in describing the lot line around the n.orthwest corner of the parking ramp on the east side of the Municipal Center. MOTION by Mr. Prairie, seconded by Mr. Meyer, to approve the third amendment to the Leasehold Agreement and first amendment to Memorandum of Leasehold Agreement. n $OIISING & REDEVELOPMENT AIITHORITY MTG.� FEBRIIARY 13, 1992 - PAGE 3 IIPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED IINANIMOIISLY. 6. CLAIMS AND EXPENSES: Mr. Hansen stated that because the City has a new computer system, the printout_for the claims and expenses is different. The operating billing expenditure is not included in this statement. That will be included in the February statement. Mr. Hansen stated he would like to add two claims to this list: First Trust - fiscal agent fees -$727.52 Peter Patchin & Assoc., Inc. - appraiser fees -$1,186.57 Mr. Commers stated that he noted the new printout does not reflect check numbers. How does the record reflect what checks have been approved? Mr. Hansen stated the new system is set up so that after approval, the claims will go into the system and the checks will be typed. Mr. Commers stated he still believed that for the HRA's minutes �\ and records, there should be some way of identifying or controlling which checks have been approved. Mr. Hansen stated he did know the check numbers that will be set up for these claims that are to be approved by the HRA. Those numbers, including the two additional claims, are 2190-2197. Mr. Hansen stated that from now on, he will record what check numbers will be put on the claims and let the HRA know those numbers at each meeting. MOTION by Mr. Prairie, seconded by Mr. Meyer, to approve the Expenditure Approval List as of February 6, 1992, check numbers 2190-2197. IIPON A VOICE VOTE, ALL VOTING AYE, CBAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOIISLY. 7. RICE PLAZA UPDATE: An update on Rice Plaza 1992 rent for informational purposes only. 8. REVIEW PROPOSED HRA NEWSLETTER: Ms. Dacy stated there will be a'3-page insert with different � style print in the upcoming newsletter pertaining to HRA items. � HOIISING & REDEVELOPMENT AIITHORITY MTG.. FEBRIIARY 13, 1992 - PAGE 4 Mr. Commers stated that in the article, "How TIF Works", it states: "In 1988, the City of Fridley's City Council and Housing and Redevelopment Authority adopted a policy of returning to the school districts that portion of tax increment which is a result of school referendums." He stated he was not aware that the City had ever adopted � specific policy. They have practiced that, but they should not give the impression that there is a concrete policy. Mr. Burns agreed and stated that the wording will be changed. 9. PROPOSED 1992 TIF ACT: Mr. Burns stated he believed the Act is intended to rectify inconsistencies in previous law and make it more user-friendly. Jim Casserly and Dick Graves from the Minneapolis Community Development agency are recommending that the cities get back their LGA/HACA and cease to be penalized for lost LGA/HACA as they set up new tax increment districts. He believed economic development districts have been taken out for the metropolitan area and the old renewal and renovation district that was added to the Tax Increment Law in the 1990 amendments has also been taken out. Those are the major provisions of the Act. ^ Mr. Burns stated he believed this is essentially a Minneapolis North Metro Mayors' Development Association, Minneapolis Community Development Agency, and ANIl�! proposal and seems to parallel the interests of all three groups. He stated he was Chairperson of the AMN! Housing and Economic Development Policy Committee this year, and Jim Casserly wrote this year's TIF changes to the ANIM policy which closely reflect the proposed changes. 10. CENTER ONE CORPORATION PROPOSAL: Mr. Burns stated this is a proposal from Center One Corporation to construct a 90,00�0 sq. ft. shopping center in the southwest quadrant. Jim Casserly has done a preliminary analysis of the proposal, and the bottom line is that the proposal does not work. The project generates between $1.8 million and $2.1 million depending on what discount rate is used for present value. The project would generate about half what the HRA would be spending, and there is also the serious question as to whether they want another retail project at this time, especially in the southtaest quadrant. Staff is recommending that the HRA not encourage this proposal. The HRA members wer� in agreement with staff's recommendation. �� ''�'� �. HOIISING � REDEVELOPMENT AIITHORITY MTG., FEBRIIARY 13, 1992 - PAGE 5 11. JOINT MEETING WITH CITY COUNCIL: Mr. Burns stated that not all the Council members are able to meet with the HRA on March 12, 1992. The HRA and Council really need to have a joint meeting soon because the staff is working hard on a strategic planning process for housing. Before they get too far into the planning process, they need some more general guidance from the Council and the HRA. He stated staff will continue to try to schedule a mutual meeting date. Mr. Commers stated that regarding the Maxfield Housing Study, he wondered why it is so different in Fridley than it is in some of the other communities in terms of rents and vacancies. There seems to be a big discrepancy. It might be interesting to think about doing something similar to what the Anoka HRA does in terms° of some of the subsidiaries with rent supplements. Sometimes, in order to keep buildings up and the rents at a market rent, the Anoka HRA will supplement the rents so the owners will keep their properties in good repair rather than letting them deteriorate. ADJOURNMENT• MOTION by Mr. Meyer, seconded by Mr. Prairie, to adjourn the meeting. Upon a voice vote, Chairperson Commers declared the � motiori carried and the February 13, 1992, HRA meeting adjourned at 8:35 p.m. Respectfully s mitted, �3� yn Saba Recording Secretary r'"`�