HomeMy WebLinkAboutHRA MINUTES 072819920
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CITY OF ST. ANTHONY
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HOUSING AND REDEVELOPMENT AUTHORITY MEETING
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JULY 28, 1992
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I
CALL TO ORDER
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The meeting was called to order by Chairman Ranallo at 9:26 p. m.
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ROLL CALL
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H.R.A. present: Ranallo, Vice Chairperson Enrooth, Commissioners Fleming
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and Wagner.
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H.R.A. absent: Secretary Treasurer Marks.
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Staff present: Executive Director Burt and Management Assistant Urbia
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III
APPROVAL OF JULY 28, 1992 AGENDA
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Motion by Wagner, seconded by Enrooth to accept the agenda as presented.
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Motion carried unanimously.
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IV
APPROVAL OF JULY 14, 1992 A.R. A. MEETING MIN[TTFS
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Motion by Fleming, seconded by Wagner to approve the minutes for the
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July 14, 1992 H.R.A. meeting as,presented.
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V
CLAIMS
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A. Springsted, Inc.
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Motion by Enrooth, seconded by Wagner to approve payment of $6,813.00 to
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Springsted, Inc. for financial advisory services performed from March 1,
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1992 through July 15, 1992 related to the Apache Plaza Tax Increment
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Financing study for which the H.R.A will be reimbursed by the developer.
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Motion carried unanimously,
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VI
RESOLMON 1992-04 APPROVING 1992B AMMME TIS TO THE KENLIE TERRACE
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RMEVII,OPMETH PLAN AND RE)MOTING COUNCIL APPROVAL,
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The Executive Director drew attention to one typo "IDA" instead of "HRA"
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in the resolution. He then explained that after the additional property
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described in the amendment is added to the Kenzie Terrace Redevelopment
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Plan, expenditures for public improvements Under Plan D illustrated in
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Exhibit A are authorized to be paid from tax increment revenue derived
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from the Kenzie Terrace Tax Increment District. The public improvements
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will include the acquistions of the Good Luck and Rosie's properties
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with the realignment of 27th Avenue and Coolidge as well as some improve -
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ments to the landscaping in the property which is acquired.
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I REGULAR H.R.A. MEETING
2 JULY 28, 1992
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6 The Executive Director explained that the Kenzie Terrace Tax Increment
7 District which includes the Kenzington, the Walker, and Autumn Woods
8 housing projects is a very healthy redevelopment district with an anti -
9 cipated payback in twelve years as compared to other districts with 25
10 year paybacks. Using approximately $1,000,000.00 out of the District
11 to buy additional land, redesign roads and water and sewer lines in
12 the acquired property is a justifiable use of those moneys the Executive
13 Director said and it will only extend the District for six months.
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15 Mr. Burt indicated he was sorry some the City residents who would have
16 been the most affected by the improvements had left when Mayor Ranallo
17 had recessed the Council meeting for•the H.R.A. meeting even though the
18 Mayor had announced the Council meeting would be resumed after related
19 matters had been taken care by the H. R. A.
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21 The Executive Director reported the City had sent notices of the proposed
22 action to School District #282 and to Hennepin County as required by law.
23 He indicated the only response had come from.Henne Pin County Commissioner
24 Judy Makowske who had told him the Plan had been discussed at the County
25 level and indicated that she agreed with that proposal. The 90 days re -
26 sponse time had expired with no further input from the school district or
27 county.
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•29 Chairman Ranallo asked whether the District would get back the costs
30 of acquiring the two cafe properties. Mr. Burt said the proposed road
31 alignment would run right through the Good Luck property so there would be
32 no return on that property and the Rosie's site is going to be rezoned'
33 from Commercial to Residential to blend in better with the surrour ".ng
34 residential properties. He added that clearly the return on the s...e
35 of residential would be nowhere near what it would be for commercial
36 property. The Planning Commission had even suggested holding the sites
37 for ponding but the available area would never even help with the size of
38 a pond needed to store runoff storm water from the South End.
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40 A good deal of interest in developing the acquired property has been
41 shown, from a hospice which would be a Commercial use and unacceptable,
42 to people who would like to build a home there. The Planning Commission
43 has already perceived the need to restrict the type of home which might
44 be built on the acquired property in regard to dollar value and building
45 height. They perceived a rambler would be better than a two story
46 structure where the inhabitants would be looking down on the Stonehouse.
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48 Motion by Wagner, seconded by Enrooth to adopt HRA Resolution 1992-04
49 which approves 1992 B Amendments to the Kenzie Terrace Redevelopment Plan
50 and the Kenzie Terrace Tax Increment Financing Plan and requests approval
51 of the City of St. Anthony Council.
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REGULAR H.R.A. MEETING
JULY 28, 1992
PAGE 3
VII AWOUIUDO Pf
Motion carried unanimDusly.
Motion by Wagner, seconded by Enrooth to adjourn the July 28, 1992 Housing
and Redevelopment Authority meeting at 9:32 p. m.for resumption of the
City Council meeting.
Respectfully submitted,
Helen Crowe, Acting Secretary
Motive► carried unanim«ly.