HomeMy WebLinkAboutCity Council - 12/06/2022 - HRAAPPROVED MINUTES
HOUSING AND REDEVELOPMENT AUTHORITY
TUESDAY, DECEMBER 6, 2022 7:00 PM, CITY CENTER
Council Chamber
8080 Mitchell Road
HOUSING AND REDEVELOPMENT AUTHORITY MEMBERS: Chair Ron Case, Council
Members Mark Freiberg, PG Narayanan, Kathy Nelson, and Lisa Toomey
CITY STAFF: City Manager Rick Getschow, Public Works Director Robert Ellis, Parks and
Recreation Director Jay Lotthammer, Community Development Director Julie Klima, Finance
Manager Tammy Wilson, and City Attorney Maggie Neuville
I. ROLL CALL / CALL THE HRA MEETING TO ORDER
Chair Case called the meeting to order at 7:02 PM. Council Member Kathy Nelson was
absent.
II.APPROVE MINUTES OF HRA MEETING HELD ON SEPTEMBER 6, 2022
MOTION: Toomey moved, seconded by Narayanan, to approve the HRA minutes from
September 6, 2022. Motion carried 4-0.
III.ADOPT RESOLUTION HRA NO. 2022-07 APPROVING THE 2023 PROPERTY
TAX LEVY AND ACCEPTING THE PROPOSED 2023 BUDGET
Getschow explained on September 6, 2022 the HRA approved the proposed 2023 HRA
property tax levy and budget. Also on September 6, 2022, the Eden Prairie City Council
adopted resolutions consenting and approving the proposed 2023 HRA property tax levy
and budget. The money is dedicated to Staff time to work on housing issues.
Chair Case pointed out other cities use money in the HRA for housing programs, but Eden
Prairie funds housing initiatives through other funds. Additionally, the HRA budget hasn’t
increased in 20 years.
MOTION: Narayanan moved, seconded by Freiberg, to adopt Resolution HRA No. 2022-
07 certifying the 2023 HRA Property Tax levy to be $205,000 and approving the 2023
HRA Budget of $205,000 as reviewed by the Council. Motion carried 4-0.
IV.ADOPT RESOLUTION HRA 2022-08 FOR THE MODIFICATION OF TAX IN-
CREMENT FINANCING DISTRICT NO. 14 WITHIN PROJECT AREA NO. 5
Getschow noted Tax Increment Financing District No. 14 is a housing tax increment fi-
nancing district established in 1997. The district helped facilitate development of the 32-
unit Edenvale Townhomes, (now known as Purgatory Creek Townhomes.
HRA MINUTES
December 6, 2022
Page 2
Getschow explained current projections show that the district will exceed its allowable
budget before it expires on December 31, 2025. When that happens, increments collected
in the district over the budgeted amount must be returned to the county for redistribution to
local taxing jurisdictions. The City is allowed, however, to modify the existing budget be-
fore it is exceeded and can then retain increment in the district to be used for affordable
housing purposes within the City.
Getschow stated the proposed action would officially modify the TIF plan to reflect actual
increment collected to date and expected to be collected through the term of the district and
align the budget with actual expenditures. The budget will be increased, thereby allowing
the City to retain all increment received through the remaining life of the district.
Getschow pointed out, if approved, current projections show there will be approximately
$500,000 available in the district by the time it decertifies in 2025. These funds can be
directed toward the development or preservation of affordable housing in in the City.
MOTION: Freiberg moved, seconded by Toomey, to adopt Resolution HRA No. 2022-08
modifying the Tax Increment Financing Plan for Tax Increment Financing District no. 14
within Redevelopment Project No. 5. Motion carried 4-0.
V. ADJOURNMENT
MOTION: Toomey moved, seconded by Narayanan to adjourn the HRA meeting. Motion
carried 4-0. Chair Case adjourned the meeting at 7:07 PM.
Respectfully submitted,
__________________________
Nicole Tingley, City Clerk