HomeMy WebLinkAboutHRA MINUTES 032320211
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CITY OF ST. ANTHONY
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
MARCH 23, 2021
CALL TO ORDER.
Chair Stille called the meeting to order at 9:02 p.m.
ROLL CALL.
Present: Chair Stille, Commissioners Webster, Jenson, and Randle and Walker
Absent: Executive Director Charlie Yunker
Also Present: None
I. APPROVAL OF MARCH 23, 2021 H.R.A. AGENDA.
Motion by Commissioner Webster, seconded by Commissioner Walker, to approve the March
23, 2021 Housing and Redevelopment Authority Agenda as presented.
Motion carried 5-0.
II. CONSENT AGENDA.
A. H.R.A. Meeting Minutes of February 9, 2021
B. Claims.
Motion by Commissioner Jenson, seconded by Commissioner Webster, to approve the Consent
Agenda as presented.
Motion carried 5-0.
III. PUBLIC HEARINGS — NONE.
IV. GENERAL POLICY BUSINESS OF THE H.R.A.
A. HRA Resolution 21-05: a Resolution recommending that the City Council adopt a
modification to the Development Program for Redevelopment Project Area No 3 and
establish Lowry Grove TIF District therein and adopt a Tax Increment Financing Plan
Executive Director Charlie Yunker reviewed the City is considering establishing the Lowry
Grove Tax Increment Financing District to facilitate the redevelopment of the former Lowry
Grove Mobile Home Park and Bremer Bank site. The District consists of 2 parcels of land
approximately 17 acres in size.
The City has had several projects come forward over the past several years to redevelop the area
with varying forms of rental housing. All projects have requested tax increment financing in
order to undertake the projects. Over the last year, the City has given preliminary approval for
assistance to two projects in the proposed District, of which only one is moving forward at this
time. Based upon the historical interest in redeveloping this area, it was determined to place both
Housing and Redevelopment Authority Meeting Minutes
March 23, 2021
Page 2
1 parcels into one larger district in order to be flexible to accommodate any future TIF requests the
2 City and HRA may deem to be warranted.
4 The duration of this redevelopment TIF district will be 25 years from the date of receipt of the
5 first increment, which is anticipated in 2023. Thus, it is estimated that the District, would
6 terminate at the earlier of satisfaction of payment on any pay-as-you-go TIF Notes within the
7 District or on December 31, in 2048. We anticipate that the District will be decertified earlier
8 than 2048 since currently the only obligation proposed for the District should be repaid in 9
9 years.
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Motion by Commissioner Webster, seconded by Commissioner Randle, to adopt H.R.A.
Resolution 21-05; a Resolution recommending that the City Council adopt a modification to the
development program for Redevelopment Project Area No. 3 and establish Lowry Grove TIF
District therein and adopt a Tax Increment Financing Plan.
B. HRA Resolution 21-06; a Resolution authorizing the execution of a Redevelopment
Agreement.
Executive Director Yunker reviewed in June and September of 2020, the City Council reviewed
and discussed a request for public financial assistance from Development 65 in connection to the
Hayden Grove Senior Living project at a work session. They are constructing a 135 -unit senior
rental facility consisting of independent living, assisted living and memory care units, of which 7
of the units (5%) will be affordable to persons at or below 50% of the area median income
(AMI). Mr. Yunker reviewed the terms of the agreement.
Motion by Commissioner Jenson, seconded by Commissioner Walker, to adopt H.R.A.
Resolution 21-06; a Resolution authorizing the execution of a Redevelopment Agreement.
Motion carried 5-0.
C. Notice of Termination of Land Use Agreement with Bremer Bank.
Executive Director Yunker reviewed on October 22, 2020 the HRA approved Resolution 2020-
06 approving the Land Swap Agreement between Bremer Bank and the Housing and
Redevelopment Authority of St. Anthony. Where Bremer Bank N.A. would acquire the city
owned parcel at 2654 Kenzie Terrace, and the city would acquire the .32 -acre Bremer Bank
owned property at 2534 Kenzie Terrace at the intersection of Kenzie Terrace and Lowry Avenue
NE for a new City Gateway entrance node.
This was the initial step in a three -party project between Trident Development, LLC, Bremer
Bank, N.A. and the City of St. Anthony. The project was planned to be Trident proposing a
This was the initial step in a three -party project between Trident Development, LLC, Bremer
Bank, N.A., and the City of St. Anthony. The project was planned to be Trident proposing a
senior living facility on the existing Bremer Bank site, which will be constructed after the new
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
occupy its new location.
Subsequent to the approval Trident Development, LLC withdrew from the project, and the
closing of the land swap did not take place. After continuing discussions with Bremer Bank,
N.A. it was determined that the best course of action was to terminate the agreement until such
time as a new third -party can be identified to continue the project.
9 Executive Director Yunker noted that as a result, Bremer Bank, N.A. drafted the Notice of
10 Termination that was provided for HRA review.
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12 V. STAFF REPORTS — NONE.
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14 VI. H.R.A. COMMISSIONER COMMENTS — NONE.
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VII. INFORMATION AND ANNOUNCEMENTS — NONE.
VIII. ADJOURNMENT.
Chair Stille adjourned the meeting at 9:15 p.m.
Respectfully submitted,
Debbie Wolfe
TimeSaver Off Site Secretarial, Inc.
Al FEST:_ ____A
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