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HomeMy WebLinkAboutHRA PACKET 04132021 If you would like to request special accommodations or alternative formats, please contact the City Clerk at 612-782-3313 or email city@savmn.com. People who are deaf or hard of hearing can contact us by using 711 Relay. Our Mission is to be a progressive and welcoming Village that is walkable, sustainable and safe. Call to Order. Roll Call. I. Approval of April 13, 2021, H.R.A. Agenda. II. Consent Agenda. These items are considered routine and will be enacted by one motion. There will be no separate discussion of these items unless a Councilmember or citizen so requests, in which event the item will be removed from the Consent Agenda and placed elsewhere on the agenda. A. Approve March 23, 2021, H.R.A. Minutes. (pp.1) B. Claims. III. Public Hearings. IV. General Policy of Business of the H.R.A. I. Staff Reports. II. H.R.A. Commissioner Comments. III. Information and Announcements. IV. Adjournment. CITY OF SAINT ANTHONY VILLAGE HOUSING AND REDEVELOPMENT AUTHORITY AGENDA APRIL 13, 2021 CITY OF ST. ANTHONY 1 HOUSING AND REDEVELOPMENT AUTHORITY MEETING 2 MARCH 23, 2021 3 4 CALL TO ORDER. 5 6 Chair Stille called the meeting to order at 9:02 p.m. 7 8 ROLL CALL. 9 10 Present: Chair Stille, Commissioners Webster, Jenson, and Randle and Walker 11 Absent: Executive Director Charlie Yunker 12 Also Present: None 13 14 I. APPROVAL OF MARCH 23, 2021 H.R.A. AGENDA. 15 16 Motion by Commissioner Webster, seconded by Commissioner Walker, to approve the March 17 23, 2021 Housing and Redevelopment Authority Agenda as presented. 18 19 Motion carried 5-0. 20 21 II. CONSENT AGENDA. 22 23 A. H.R.A. Meeting Minutes of February 9, 2021 24 B. Claims. 25 26 Motion by Commissioner Jenson, seconded by Commissioner Webster, to approve the Consent 27 Agenda as presented. 28 29 Motion carried 5-0. 30 31 III. PUBLIC HEARINGS – NONE. 32 33 IV. GENERAL POLICY BUSINESS OF THE H.R.A. 34 35 A. HRA Resolution 21-05; a Resolution recommending that the City Council adopt a 36 modification to the Development Program for Redevelopment Project Area No. 3 and 37 establish Lowry Grove TIF District therein and adopt a Tax Increment Financing Plan. 38 39 Executive Director Charlie Yunker reviewed the City is considering establishing the Lowry 40 Grove Tax Increment Financing District to facilitate the redevelopment of the former Lowry 41 Grove Mobile Home Park and Bremer Bank site. The District consists of 2 parcels of land 42 approximately 17 acres in size. 43 44 The City has had several projects come forward over the past several years to redevelop the area 45 with varying forms of rental housing. All projects have requested tax increment financing in 46 order to undertake the projects. Over the last year, the City has given preliminary approval for 47 assistance to two projects in the proposed District, of which only one is moving forward at this 48 time. Based upon the historical interest in redeveloping this area, it was determined to place both 49 Housing and Redevelopment Authority Meeting Minutes March 23, 2021 Page 2 parcels into one larger district in order to be flexible to accommodate any future TIF requests the 1 City and HRA may deem to be warranted. 2 3 The duration of this redevelopment TIF district will be 25 years from the date of receipt of the 4 first increment, which is anticipated in 2023. Thus, it is estimated that the District, would 5 terminate at the earlier of satisfaction of payment on any pay-as-you-go TIF Notes within the 6 District or on December 31, in 2048. We anticipate that the District will be decertified earlier 7 than 2048 since currently the only obligation proposed for the District should be repaid in 9 8 years. 9 10 Motion by Commissioner Webster, seconded by Commissioner Randle, to adopt H.R.A. 11 Resolution 21-05; a Resolution recommending that the City Council adopt a modification to the 12 development program for Redevelopment Project Area No. 3 and establish Lowry Grove TIF 13 District therein and adopt a Tax Increment Financing Plan. 14 15 B. HRA Resolution 21-06; a Resolution authorizing the execution of a Redevelopment 16 Agreement. 17 18 Executive Director Yunker reviewed in June and September of 2020, the City Council reviewed 19 and discussed a request for public financial assistance from Development 65 in connection to the 20 Hayden Grove Senior Living project at a work session. They are constructing a 135-unit senior 21 rental facility consisting of independent living, assisted living and memory care units, of which 7 22 of the units (5%) will be affordable to persons at or below 50% of the area median income 23 (AMI). Mr. Yunker reviewed the terms of the agreement. 24 25 Motion by Commissioner Jenson, seconded by Commissioner Walker, to adopt H.R.A. 26 Resolution 21-06; a Resolution authorizing the execution of a Redevelopment Agreement. 27 28 Motion carried 5-0. 29 30 C. Notice of Termination of Land Use Agreement with Bremer Bank. 31 32 Executive Director Yunker reviewed on October 22, 2020 the HRA approved Resolution 2020-33 06 approving the Land Swap Agreement between Bremer Bank and the Housing and 34 Redevelopment Authority of St. Anthony. Where Bremer Bank N.A. would acquire the city 35 owned parcel at 2654 Kenzie Terrace, and the city would acquire the .32-acre Bremer Bank 36 owned property at 2534 Kenzie Terrace at the intersection of Kenzie Terrace and Lowry Avenue 37 NE for a new City Gateway entrance node. 38 39 This was the initial step in a three-party project between Trident Development, LLC, Bremer 40 Bank, N.A. and the City of St. Anthony. The project was planned to be Trident proposing a 41 This was the initial step in a three-party project between Trident Development, LLC, Bremer 42 Bank, N.A., and the City of St. Anthony. The project was planned to be Trident proposing a 43 senior living facility on the existing Bremer Bank site, which will be constructed after the new 44 Housing and Redevelopment Authority Meeting Minutes March 23, 2021 Page 3 Bremer Bank facility is completed on the currently city-owned property, and the bank can 1 occupy its new location. 2 3 Subsequent to the approval Trident Development, LLC withdrew from the project, and the 4 closing of the land swap did not take place. After continuing discussions with Bremer Bank, 5 N.A. it was determined that the best course of action was to terminate the agreement until such 6 time as a new third-party can be identified to continue the project. 7 8 Executive Director Yunker noted that as a result, Bremer Bank, N.A. drafted the Notice of 9 Termination that was provided for HRA review. 10 11 V. STAFF REPORTS – NONE. 12 13 VI. H.R.A. COMMISSIONER COMMENTS – NONE. 14 15 VII. INFORMATION AND ANNOUNCEMENTS – NONE. 16 17 VIII. ADJOURNMENT. 18 19 Chair Stille adjourned the meeting at 9:15 p.m. 20 21 Respectfully submitted, 22 Debbie Wolfe 23 TimeSaver Off Site Secretarial, Inc. 24 25 26 ATTEST: ________________________________ Chair 27 City Clerk 28 29 City of St Anthony Village CITY OF ST ANTHONY HRA CHECK REGISTER Page: 1 Check Issue Dates: 4/14/2021 - 4/14/2021 Apr 07, 2021 03:12PM Vendor Number Payee Check Number Check Issue Date Amount 10461 EHLERS & ASSOCIATES, INC.43797 04/14/2021 637.50 11738 WSB & ASSOCIATES, INC.43798 04/14/2021 258.00 Grand Totals: 895.50