HomeMy WebLinkAboutCity Council - 12/19/2006 - HRA APPROVED MINUTES
HOUSING AND REDEVELOPMENT AUTHORITY
TUESDAY, DECEMBER 19, 2006 7:00 PM, CITY CENTER
Council Chamber
8080 Mitchell Road
HOUSING AND REDEVELOPMENT AUTHORITY MEMBERS: Chair Nancy Tyra-
Lukens, Commissioners Brad Aho, Sherry Butcher, Ron Case, and Philip Young
CITY STAFF: City Manager Scott Neal, Parks & Recreation Director Bob Lambert, Public
Works Director Eugene Dietz, City Planner Michael Franzen, Community Development Director
Janet Jeremiah, City Attorney Roger Pauly, Finance Director Sue Kotchevar and Recorder Deb
Sweeney
I. ROLL CALL/CALL THE HRA MEETING TO ORDER
Tyra-Lukens called the meeting to order at 7:23 in shared session with the City Council
meeting.
II. APPROVE MINUTES OF HRA MEETING HELD ON OCTOBER 17, 2006
MOTION: Aho moved, seconded by Case, to approve the HRA Meeting minutes
as published. Motion carried 5-0.
III. HRA RESOLUTION NO. 2006-05 CERTIFYING THE 2007 PROPERTY
TAX LEVY TO BE $200,000 AND APPROVING THE 2007 BUDGET OF
$200,000
HRA MOTION: Young moved, seconded by Butcher, to adopt HRA Resolution 2006-
05 certifying the 2007 Property Tax levy to be $200,000 and approving the 2007 Budget
of$200,000 as reviewed by the Council. Motion carried 5-0.
IV. PUBLIC HEARING FOR TAX INCREMENT FINANCING (TIF) PROPOSAL
FOR WINDSOR PLAZA/TOWN CENTER I (HRA Resolution No. 2006-06)
Neal explained the purpose of establishing a Redevelopment District is to help defray
costs associated with the redevelopment of a five-acre area located between Singletree
Lane and Regional Center Drive along TH212 across from the Eden Prairie Center for a
new mixed-use development to include about 137,000 square feet of office,retail, two
restaurants, and a 437 space parking ramp, as well as a new Bobby & Steve's gas and
service facility. Staff recommends the City Council consider creating a"pay as you go"
Redevelopment District with a 25-year term and provide a maximum of$4,500,000
million to close the estimated financing gaps with the proposed project.
HRA Meeting Minutes
December 19,2006
Page 2
Jeremiah said the Planning Commission recommends approval of the project at this time,
though a public hearing still needs to be held before the Planning Commission. Details of
the plan and the TIF proposal will come before the Council at the January 161h meeting.
The proposal is not binding until the Council approves the details.
Jay Scott of Solomon Real Estate group and project architect Brian Hutz presented an
overview of the project. A five-story building with first-floor retail capped by four floors
of office space and flanked by two restaurants is the focal point of the project. The office
building will have a lower-level parking ramp. A new Bobby & Steve's facility will be
built in a similar style. Tyra-Lukens asked if both projects would be built concurrently
and the developer said yes.
HRA MOTION: Aho moved, seconded by Case, to close the HRA public hearing and
adopt HRA Resolution No. 2006-06 recommending a modification to the Redevelopment
Plan for Redevelopment Project Area No. 5, establishing the Town Center Phase One
Tax Increment Financing District therein and adopting a Tax Increment Financing Plan
therefore. Motion carried 5-0.
V. ADJOURNMENT
HRA MOTION: Case moved, seconded by Butcher, to adjourn the HRA Meeting.
Motion carried 5-0. The meeting adjourned at 7:35 p.m.