HomeMy WebLinkAboutHRA MINUTES 031219961
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4 I.
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CITY OF ST. ANTHONY
HOUSING AND REDEVELOPMENT AUTHORITY MEETING MINUTES
MARCH 12, 1996
CALL TO ORDER/ROLL CALL.
The meeting was called to order at 7:27 P.M.
6 II. ROLL CALL.
7 Commissioners Present: Chair Ranallo, Vice Chair Enrooth, Secretary/Treasurer Marks,
8 Commissioners Wagner and Faust.
9 Also Present: Executive Director Michael Mornson and City Attorney William Soth.
10 III. APPROVAL OF MARCH 12, 1996 COUNCIL AGENDA.
11 Motion by Faust, second by Enrooth to approve the March 12, 1996 HRA Agenda as
12• presented.
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14 Motion carried unanimously.
15 IV. APPROVAL OF FEBRUARY 13, 1996 HRA MEETING MINUTES.
Motion by Marks, second by Wagner to approve the February 13, 1996 HRA Meeting
Minutes as presented.
18 Motion carried unanimously.
19 V. PRESENTATION OF CLAIMS.
20 Motion by Marks, second by Wagner to approve the following claims:
21 A. American Bank in the amount of $244.40 for G.O. Refunding Bonds and $225.55
22 for G.O. Tax Increment Ref Bonds dated 1-1-94.
23 B. 1995 General Fund in the amount of $24,812.72 for HRA Payment/Transfer of
24 Salaries to the General Fund.
25 C. Dorsey and Whitney in the amount of $2,866.52 for Apache Plaza Subdivision
26 Matters; of $497.25 for Apache Plaza EAW Matters and of $1,379.48 for Apache
27 Plaza TIF Matters.
28 D. Raymond A. Hellickson in the amount of $6,160.61 for City's tax settlement due to
29 the developer.
30 Motion carried unanimously.
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HRA Meeting Minutes
• March 12, 1996
Page 2
1 VI. OTHER BUSINESS.
2 Executive Director Morrison and Chair Ranallo met with CUB, Dorsey & Whitney, First
3 Bank, and the Schoening Group to discuss an update on the Apache redevelopment. They
4 need final plat approval by April 15. They have requested $1,860,000 in Tax Increment
5 Financing; however the City has not approved the final plat. The value of the New
6 Market building has decreased over the years. They would want to create a Lot 8 to get
7 better value for TIF purposes. The City would send a letter to County Assessor to remove
8 Lot 8 from TIF District and the property could fall under the three year knock down rule.
9 Chair Ranallo stated there may be some water runoff from Lot 7. Executive Director
10 Morrison stated if it was replatted now there would be time to deal with recertification.
11 The Executive Director asked if any of the Commissioners had any concerns with the
12 creation of Lot 8. Chair Ranallo suggested the Planning Commission could hold the
13 public hearing on April 9. Soth stated it may not need to go back to the Planning
14 Commission.
Chair Ranallo stated the store may not be completed by November I as previously
planned and will probably open in January. Executive Director Morrison stated the TIF
17 would need to be given within 90 days after April 15.
18 Commissioner Marks commented if Lot 8 was not included in the TIF District there is no
19 way to know what may happen in the future. The Executive Director stated they will
20 have until the end of the year to decertify the lot.
21 Commissioner Faust stated the creation of Lot 8 would give the HRA more flexibility in
22 TIF planning to the City's benefit.
23 Chair Ranallo stated as soon as CUB develops, other lots should develop quickly.
24 Commissioner Wagner stated he saw no problem with replatting the property.
25 Commissioner Marks noted OPUS is the developer and the City has not received any
26 details of the economic study done.
27 Chair Ranallo stated previous reports showed Apache improving with CUB. Now the
28 developer is not saying who they are talking to. They only say it looks very good. OPUS
ep will be paid on a commission basis.
HRA Meeting Minutes
• March 12, 1996
Page 3
1 Commissioner Enrooth stated when they first talked to CUB the City received basic
2 information on store comparisons to other CUB stores. He believes the intent is that CUB
3 and Herbergers will be used to create a power center for the mall.
4 Commissioner Marks stated he would like more information on the economic study that
5 was done. He stated the City should have had an independent market study done.
6 Commissioner Enrooth stated that would have been very difficult to do due to the
7 numerous assumptions and conditions that would be made.
8 Executive Director Morrison stated the ponds would be deeded to the City. City Attorney
9 Soth stated he will be working with Dave Greening on that. Soth stated the City would be
10 reimbursed for costs. There would not be a big difference between fee title or easement.
11 The City would still have responsibility for maintenance. The Executive Director stated
12 the schedule for Apache is 1) easement hearing on March 26th; 2) final plat and 3) TIF
13 package on April 9th; 4) CUB and First Bank close on April 15th; and, 5) the City
14 authorizes the TIF bond sale on April 23rd.
5 VII. ADJOURNMENT.
Motion by Marks, second by Enrooth to adjourn the meeting at 7:47 P.M.
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18 Respectfully submitted,
19 Debbie Wolfe
20 TimeSaver Off Site Secretarial
Motion carried unanimously,