HRA MINUTES 10081985 - Laserfiche WebLink

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M91 Mike Miller, Assistant Administrator for the Health Center and partner in the • Chandler Place project, had been present for both the Council and H.R.A. meetings that evening. He confirmed that six bids for the soil correction had come in about $200,000 higher than expected, but Mr. Miller said, that was not really surprising considering the problems the County has encountered with their road rebuilding project in front of the property. Commissioner Makowske questioned whether describing a project to be constructed on a vacant piece of land as "redevelopment" or "deteriorated or deteriorating" could be considered to meet the intent of the Minnesota statute governing the use of tax increment financing. She referred .back to the letter from the League of Minnesota Cities warning that the future integrity of the program was in jeopardy because of abuses and the Commissioner said she just wanted to be certain the proposed project would be in conformance with the statute. Mr. Krier replied by saying new legis- lation had been passed which changed "blight" to "deteriorating" to accommodate a similar project in Edina. He suggested a case could be made that "poor soiTcon- ditions on this parcel could have the potential for having a deteriorating effect on the development of surrounding areas." Mr. Soth suggested the legislators could probably have written the statute to make a clearer distinction between "redeveloped" and "developed" properties, but; he supported the Consultant's perception that there had been many projects like Chandler Place which had gained approval for tax increment financing. f Mr. Krier said he had gone for the housing program because he perceived there would be enough of the apartment renters who would meet the low or moderate income criteria set for a housing district. Mr. Krier reminded the Commissioners that the term "moderate" covered persons whose incomes did not exceed the County median for a • family of four which was around $24,000. The Planning Consultant advised the Commissioners that the new proposal for funding the Chandler Place project should have no effect on their adopting the proposed Redevelopment anddTax Increment Plans that evening so the project could start before "the snow flies" if an acceptable Redevelopment Contract can be written which would address the Commissioners' concerns about the safeguards and liquidity of the proposed investment proposal and the legal questions are answered satis- factorily, before the October 22nd meeting. Mr. Childs commented that it would be up to him, Mr. Krier and Mr. Soth, to get that done by that date. Motion by Secretary/Treasurer Marks and seconded by Vice Chair Enrooth to adopt H.R.A. Resolution 1985-010 with the substitution of "or" for "and" in the phrase "low and moderate income" in the last paragraph. H.R.A. RESOLUTION 1985-010 A RESOLUTION APPROVING THE REDEVELOPMENT PLAN ENTITLED, "CHANDLER PLACE REDEVELOPMENT PLAN AND TAX INCREMENT PLAN", DATED OCTOBER 8, 1985 Motion carried unanimously. Motion by Secretary/Treasurer Marks and seconded by Commissioner Ranallo to adopt H.R.A. Resolution 1985-011, again changing the description of the persons and families who would benefit from the creation of the district in the second finding is to be of "low or moderate" income.