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HomeMy WebLinkAboutHRA MINUTES 041419921 CITY OF ST. ANTHONY HOUSING AND REDEVELOPMENT AUTHORITY MEETING 5 APRIL 14, 1992 6 7 1. CALL TO ORDER 8 9 Chairperson Ranallo called the meeting of the St. Anthony 10 Housing and Redevelopment Authority to order at 8:35 p.m. 11 12 2. ROLL CALL 13 14 Present: Chairperson Ranallo, Vice Chairperson Enrooth, 15 Secretary/Treasurer Marks, and Commissioners 16 Fleming and Wagner 17 18 Staff Present: 19 20 Executive Director Burt and H.R.A. Attorney Soth 21 22 3. APPROVAL OF APRIL 14, 1992 H.R.A. AGENDA 23 24 Motion by Marks, second by Wagner to approve the agenda for 25 the April 14, 1992 H.R.A. Meeting. 26 27 Motion carried unanimously 0 30 4. APPROVAL OF MARCH 24, 1992 H.R.A. MEETING MINUTES 31 32 Motion by Fleming, second by Wagner to approve the minutes of 33 the March 24, 1992 H.R.A. Meeting as presented and there were 34 no corrections. 35 36 Motion carried unanimously 37 38 5. PRESENTATION OF CLAIMS' 39 40 A. Dorsey & Whitney Law Firm 41 42 Motion by Marks, second by Fleming to approve payment in 43 the amount of $980.00 to the Dorsey & Whitney Law Firm 44 for legal services rendered through February 29, 1992 45 relative to Apache Tax Increment Financing. 46 47 Motion carried unanimously 48 49 B. Dorsey & Whitney Law Firm 50 51 Motion by Marks, second by Fleming to approve payment in 52 the amount of $249.45 to the Dorsey & Whitney Law Firm for legal services rendered through February 29, 1992 relative to the Lang -Nelson Project. 1 0 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 I'-,] L: 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 16 H.R.A. MEETING APRIL 14, 1992 PAGE 2 Motion carried unanimously 6. CONSIDERATION OF AMENDMENTS TO THE KENZIE TERRACE REDEVELOPMENT PLAN AND TAX INCREMENT FINANCING PLAN Chairperson Ranallo stated that three years ago the City worked with Lang -Nelson to develop their Kenzie Terrace project. At that time all projections for the project were based on setting the taxes at $1,200 per unit. Because of legislative changes to the formula for determining property taxes for apartment buildings, the taxes have increased to $1,50.0 per unit. The Tax Increment Financing package for this development was originally proposed to be paid off in ten years. Presently, it is set for seven years. The developer, Lang -Nelson, is requesting the City Council to approve amendments to the Redevelopment Plan to provide for an interest reduction program by the H.R.A. with respect to their housing units located in Kenzie Terrace. The amendments to the Financing Plan would authorize the use of tax increments derived from the Kenzie Terrace Tax Increment Financing District of the H.R.A. established by the Financing Plan to provide for the payment by the H.R.A. or the City of the costs of the Interest Reduction Program. The Chairperson noted that there are pros and cons to approving this request. If it is not approved the development could result in having less than quality management. Members of the H.R.A. felt that the present management is running a very fine operation and one of which they can be very proud. Chairperson Ranallo felt that if the St. Anthony H.R.A. had forced Apache Plaza Shopping Center to participate in an operation similar to this that the present problems being experienced at the Shopping Center would have been avoided. The Executive Director noted that the original life of the Tax Increment District was for twenty years, but the plan is to have it all paid in ten years. 1 2 41 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 rel LJ 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 FIN U H.R.A. MEETING APRIL 14, 1992 PAGE 3 He also advised that considerations are being given to extending the TIF District to include the south end of the City where redevelopment is anticipated. He will follow up on this matter with the City's bond counsel. It is still the hope of the Executive Director to keep the timelines to ten years. Secretary/Treasurer Marks noted that he did have some personal reservations regarding this matter but thinks it is necessary to approve for the public good. Approval of Resolution No. 92-002 Motion by Marks, second by Wagner to approve Resolution No. 92-002, being a resolution approving 1992 amendments to the Kenzie Terrace Redevelopment Plan and Kenzie Terrace Tax Increment Financing Plan and requesting the approval of the City Council and approving execution of Amendment of Redevelopment Plan. Motion carried unanimously Commissioner Fleming felt adding the south end project to the Tax Increment District would make its development very viable. Executive Director Burt noted that much of the development in south end area hinges on the future of the trailer court. He recalled that previously merchants in the St. Anthony Shopping Center were critical of extending the Tax Increment District, but now appear to be supportive. Mr. Brewer, representative passing the resolution. He drawn out process but his procedure. 7. ADVANCED DESIGN of La-Nel, thanked the H.R.A. for mentioned this was rather a long partners were not critical of the A letter was received from Janice Khan, President of Advanced Design, 2500 Highway #88, which addressed a collaboration between the City and her firm for developing a program which would improve the housing stock in the City. The Executive Director felt a program for removing or demolishing blighted homes and buildings holds some very positive possibilities for St. Anthony. The City would 1 46 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 F - --I L J 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 n H.R.A. MEETING APRIL 14, 1992 PAGE 4 sell the cleared parcels and be in a position to control the value of what would be built on them. He noted that Advanced Design has done some quality and impressive building. The Executive Director requested that each of the Commissioners share their thoughts on this proposal with him individually. 8. OLD CLARK STATION Mr. Fisher is the owner of the property where the old Clark Station is located on 33rd Avenue and Stinson Boulevard. It had been understood that the property was contamination free. Braun Engineering did a study of soil samples from the property and found it is still contaminated. The Executive Director advised that Mr. Fisher is responsible for cleaning up the property. He noted there is Superfund money still available for the costs of such an undertaking. He is requesting direction from the H.R.A. He suggested that the property could be purchased from Mr. Fisher and developed. He also suggested the H.R.A. consider purchasing the house directly north of this property to be included in any development of the site. The Chairperson questioned if it would not be wise to also include the ten foot strip of land which is not owned by Mr. Fisher. The Executive Director felt a "friendly" condemnation could be done to gain ownership of this strip. The multiple zoning also extends to the property directly north of the old Clark Station parcel. This house is presently rental property and is owned by Mr. Ammermann. Executive Director Burt will work with legal counsel before possession is taken from Mr. Fisher. He noted that an owner is responsible for cleaning up contaminated soil. He does not want the City to become liable for this clean up. Three developers have contacted the Executive Director indicating an interest in developing this parcel. The Executive Director was directed by members of the H.R.A. to pursue development of this parcel. 1 H.R.A. MEETING 22 APRIL 14, 1992 PAGE 5 5 6 9. ADJOURNMENT 7 8 Motion by Marks, second by Wagner to adjourn the H.R.A. 9 Meeting at 8:55 p.m. 10 11 12 Motion carried unanimously 13 14 15 Respectfully submitted, 16 17 18 Jo -Anne Student, H.R.A. Recording Secretary 19 20 21 22 23 24 25 26 27 0 30 31 32 33 34 35 36 37 38 39 40 41 42 43 4 4' 45 •