HomeMy WebLinkAboutHRA MINUTES 12041984•
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CITY OF ST. ANTHONY
HOUSING AND REDEVELOPMENT AUTHORITY MINUTES
December 4, 1984
The meeting was called to order by Chairman Sundland at 10:16 P.M.
Present for roll call: Sundland, Vice Chair Enrooth, Secretary/Treasurer Marks,
and Commissioners Ranallo and Makowske.
Also present: David Childs, Executive Director; William Soth, Attorney; and
Richard Krier of the Derrick Land Company, Consultant.
Motion by Commissioner Ranallo and seconded by the Chair to approve as submitted the
minutes of the H.R.A. meeting held November 13, 1984.
Motion carried unanimously.
Motion by Commissioner Ranallo and seconded by Secretary/Treasurer Marks to approve
payment of $105 to Dorsey & Whitney for legal services rendered the H.R.A. in
relation to the 202 senior housing development during October, 1984.
Motion carried unanimously
Mr. Krier distributed copies of his proposed agenda and recommendations for action
related to the H.R.A.'s acquisition of the irregular parcel of land containing
110,912 plus, square feet which is owned by the Walbon family at fhe corner of
Old Highway 8 and 33rd Avenue N.E. In his memorandum, fhe Consultant had listed
five developers who had indicated an interest in doing the project and Mr. Krier
had attached to his memo copies of the real estate, fixture, review, and relocation
appraisals for the project.
As he had stated in his memorandum, Mr. Krier reiterated his recommendation that
the H.R.A. should authorize signature_of the Purchase Agreement with the Walbons.
Although he and MrChilds had negotiated with the Walbons without first securing.
a redeveloper or developing a Redevelopment or Tax Increment Plan which would have
to be accomplished before the redevelopment could occur, the Consultant said he
based that recommendation on the positive neighborhood response to the proposed
townhome redevelopment of the property and the demonstration of interest of
developers in doing the project as well as the fact that the Walbon's had an
opportunity to acquire relocation property, which was contingent upon the sale of
their property and the agreement had to be closed before December 28th, with little
chance of extension of the offer. Mr. Krier indicated he perceived the Walbons
might withdraw their offer to sell their property if that happened.
Commissioner.Ranallo indicated that, in view of the problems with financing which
had been experienced with the Kenzington project, he would be very wary of having
the H.R.A. acquire any more land without a concrete proposal from a developer.
The Secretary/Treasurer indicated he perceived -t -he H -R -A would-be gambling no
matter which course of action was taken and he pointed out that the agreement called
for the Wal bon's leasing theland and paying for the_ut_ilites,, i_nsurance,_and otFier
operating costs until their new building is completed, which would at least pay
the interest -""in the interim.
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The H.R.A. decision was to proceed with the Purchase Agreement as long as it was
• made contingent upon securing a redeveloper. -Mr. Soth said he perceived that,
if the Walbons would accept -that -contingency, they would probably not object too
strenuously to the addition of the rezoning of the property and a Redevelopment
and Tax Increment Plan as well.
Mr. Krier then recommended he and Mr. Childs be authorized to take proposals from
developers which could be presented.for H.R.A. consideration at the December 18th
meeting. The Executive Director said that would give him time to inform the
Planning Commission of the latest developments in the Walbon matter during their
December 11th meeting. Mr. Childs also suggested -the acquisition be financed
internally by—the City and that the 202 funding be incorporated for bonding when
tQ-202 funding is available. Mr. Soth agreed that the property would have to be
bought by the City, not the H.R.A.
Motion.by Councilman Enrooth and seconded by Councilman Ranallo to adjourn the
St. Anthony Housing and Redevelopment Authority at 10:50 P.M.
Motion carried unanimously.
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Respectfully submitted,
Helen Crowe, Secretary