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HomeMy WebLinkAbout09-27-2010 CITY OF MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY MEETING AGENDA MOUNDS VIEW CITY HALL Monday, September 27, 2010 6:00 PM 1. CALL TO ORDER 2. ROLL CALL: President Flaherty, Vice President Stigney, Commissioner Hull, Commissioner Mueller, Commissioner Gunn 3. APPROVAL OF AGENDA 4. PUBLIC INPUT: Citizens may speak to issues not on tonight’s agenda. Before speaking, please give your full name and address for the minutes. Also, please limit your comments to three minutes. 5. APPROVAL OF MINUTES A. August 9, 2010, EDA Minutes 6. CONSENT AGENDA 7. EDA BUSINESS A. Review Draft Home Improvement Loan Program Criteria Suzanne Snyder & Marie Malrick, GMHC Staff Members 8. REPORTS 9. NEXT EDA MEETING: Monday, October 11, 2010, at 6:30pm 10. ADJOURNMENT PROCEEDINGS OF THE MOUNDS VIEW EDA 1 CITY OF MOUNDS VIEW 2 RAMSEY COUNTY, MINNESOTA 3 4 Regular Meeting 5 August 9, 2010 6 Mounds View City Hall 7 2401 Highway 10, Mounds View, MN 55112 8 6:30 P.M. 9 10 11 1. CALL MEETING TO ORDER 12 13 2. ROLL CALL: President Flaherty, Vice President Stigney, Commissioner Hull, 14 Commissioner Gunn, and Executive Director Ericson. 15 16 NOT PRESENT: Commissioner Mueller. 17 18 3. APPROVAL OF AGENDA 19 20 MOTION/SECOND: Gunn/Hull. To Approve the August 9, 2010, Agenda as presented. 21 22 Ayes – 4 Nays – 0 Motion carried. 23 24 4. PUBLIC INPUT 25 26 None. 27 28 5. APPROVAL OF MINUTES 29 30 A. July 12, 2010, EDA Minutes. 31 32 MOTION/SECOND: Gunn/Stigney. To Approve the July 12, 2010, Minutes as presented. 33 34 Ayes – 4 Nays – 0 Motion carried. 35 36 6. CONSENT AGENDA 37 38 None. 39 40 7. EDA BUSINESS 41 42 A. Discuss Housing Assistance Concepts 43 44 Economic Development Specialist Steinmetz reviewed the current housing assistance programs 45 Mounds View EDA August 9, 2010 Regular Meeting Page 2 in place with the EDA. The Housing Replacement Program has been an interest of the EDA 46 which allows for acquisition and demolition assistance. She recommended the EDA rethink the 47 Housing Replacement Program and eliminate the acquisition portion of this program. This 48 would allow the City to focus better efforts to provide housing assistance to the residents of 49 Mounds View. She indicated 19 residents are currently on a waiting list for the Ramsey County 50 Rehab dollars. 51 52 Economic Development Specialist Steinmetz then reviewed several new concepts with the EDA. 53 The first was the Mounds View Residential Rehabilitation Deferred Loan which would repeat an 54 existing program offered through the HRC. The second concept was the Mounds View Code 55 Enforcement Deferred Loan which would assist income-eligible homeowners who have received 56 one or more code violation notices from the City. This program would assist homeowners to 57 make the necessary repairs to bring their home into compliance. 58 59 Economic Development Specialist Steinmetz indicated the third concept is the Mounds View 60 Home Demolition Deferred Loan which would maintain a portion of the EDA’s existing Housing 61 Replacement Program, yet the EDA would not forgive the loan after 10 years. The fourth 62 concept would be the Mounds View Immediate Need Deferred Loan which would assist low-63 income homeowners to address immediate conditions in the home. There would be no interest or 64 payments on this loan but it would be repaid in full at the time of transfer or sale of the property. 65 The loan amounts would be between $500 and $2,500. 66 67 Economic Development Specialist Steinmetz indicated the final concept would be the Mounds 68 View Foreclosure Recovery Program which could be modeled after the City of Brooklyn Park’s 69 efforts to provide down payment assistance of up to $7,500 to homeowners that purchase homes 70 that have been rehabilitated by for-profit and non-profit housing developers that have partnered 71 with the City. She then asked for comments from the EDA. 72 73 Vice President Stigney commented each concept would have to be reviewed with lists of criteria. 74 He questioned if outstanding code enforcement issues were becoming a concern and if loans 75 were absolutely necessary. He did not want to begin an unnecessary program if possible. 76 77 Commissioner Hull stated he favored Concepts 1, 4, and 5 the most. 78 79 Commissioner Gunn agreed, Concepts 1, 4 and 5 were the ones she would like to see proceed. 80 She thanked staff for providing a detailed staff report on the EDA concepts available. 81 82 President Flaherty was not in favor of purchasing properties on behalf of the City. He 83 recommended the City not copy programs already offered by Ramsey County and instead create 84 programs within the City of Mounds View to assist its residents. President Flaherty felt the 85 Deferred Loan program would greatly benefit the residents. He stated Concepts 1 and 4 should 86 proceed, but noted hardship would have to be demonstrated. 87 Mounds View EDA August 9, 2010 Regular Meeting Page 3 88 Commissioner Stigney requested further information on how the City can take advantage of tax-89 forfeited property. 90 91 President Flaherty suggested staff continue gathering information and report back to the EDA. 92 93 8. REPORTS 94 95 None. 96 97 9. NEXT EDA MEETING: Monday, August 23, 2010, at 6:30 p.m. 98 99 10. ADJOURNMENT 100 101 President Flaherty adjourned the meeting at 6:54 p.m. 102 103 Respectfully submitted, 104 105 106 Recorded and transcribed by: 107 Carla Wirth 108 TimeSaver Off Site Secretarial, Inc. 109