05/26/2021
CITY OF FRIDLEY
HOUSING AND REDEVELOPMENT AUTHORITY COMMISSION
May 6, 2021
Chair Holm called the Housing and Redevelopment Authority Meeting to order at 7:00 p.m.
MEMBERS PRESENT: Kyle Mulrooney
Rachel Schwankl
Gordon Backlund
William Holm
Elizabeth Showalter
OTHERS PRESENT: Paul Bolin, HRA Assistant Executive 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 April 1, 2021 Meeting Minutes
MOTION by Commissioner Showalter to approve the April 1, 2021 meeting minutes as submitted.
Seconded by Commissioner Backlund.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE MOTION CARRIED
UNANIMOUSLY.
3. Interfund Loans for Old Central and Mississippi Street.
Paul Bolin, HRA Assistant Executive Director, stated the City first identified the area around Old
Central and Mississippi Street, as an area for redevelopment, nearly 25 years ago as part of the
Fridley 2020 Comprehensive Plan. The area, east of Old Central, from Mississippi Street to 64th
Avenue, has remained in the follow up 2030 and 2040 Comprehensive Plans as a priority area for
Housing and Redevelopment Authority Meeting of May 6, 2021 2
redevelopment. The Authority approved the purchase of 1314 Mississippi Street on April 1st and
is expected to close on the property in the next two weeks. Staff is having the remaining parcels
appraised in anticipation of potential purchase discussion with the other property owners. To
recover pre-development expenses paid from the HRA General Fund, the Authority regularly
creates interfund loans. The loans are repaid from future land sales proceeds and future taxes
generated on the property. The attached resolution formally authorizes the loaning of money to
the potential project and the repayment of money to the general fund. Staff recommends that the
Authority adopt the attached resolution approving interfund loans between the HRA General Fund
and the Old Central Redevelopment Project.
Commissioner Backlund asked if the property on the east side was owned by the city or private
land.
Mr. Bolin replied that a right of way goes through there.
Commissioner Schwankl asked what the total was for the interfund situation.
Mr. Bolin replied that the interfund loan is left open as we are unsure what the costs will be. This
is early on in the process and we do not have any appraisals yet. This is going to be multi-year
project and additional meetings will be held to figure out what the best use is for these properties.
The interfund loan and resolution leaves that open to create a register of expenses as we move
forward.
Commissioner Schwankl asked what the balance was in the general fund.
Mr. Bolin replied $5.0-$6.0M to spend on these types of projects.
Jim Casserly added that the general fund also has a number of notes being repaid so there are
monies coming into the general fund over a number of years. We have cash available and more
funds are coming in from repayment from existing projects that are going on right now.
MOTION by Commissioner Backlund to approve resolution 2021-25 Interfund Loans for Old
Central and Mississippi Street. Seconded by Commissioner Mulrooney.
UPON A VOICE VOTE, ALL VOTING AYE, CHAIR HOLM DECLARED THE MOTION CARRIED
UNANIMOUSLY.
Housing and Redevelopment Authority Meeting of May 6, 2021 3
INFORMATIONAL ITEMS
1. Housing Program Update
Mr. Bolin reported there were 5 loans closed in April making a total of 12 year to date. We are
out of money in this loan program right now. Remodeling Advisor Visits had 16 for April making
a total of 19 year to date. Home Energy Squad had two visits in April making 6 year to date.
The Front Door Grant received 33 applications, 9 signed agreements and no projects completed
yet. Foundations MR Grant received 4 applications with 2 signed grant agreements. The Exterior
Paint Grant has one application received. A lot of work is being done in the community. Staff
have been busy taking phone calls and people are hearing about these programs on social media.
People are appreciative the Authority is doing something different and taking this approach.
ADJOURNMENT
MOTION by Commissioner Showalter to adjourn. Seconded by Commissioner Schwankl.
UPON A VOICE VOTE, ALL VOTING AYE, VICE CHAIR MULROONEY DECLARED THE MOTION
CARRIED UNANIMOUSLY AND THE MEETING ADJOURNED AT 7:16 PM.
____________________________________________
Krista Peterson
Recording Secretary