HomeMy WebLinkAboutCity Council - 03/20/2001 - HRA AN EXCERPT FROM THE APPROVED M NKUTES
EDEN PRAIRIE CITY COUNCIL AGENDA/
HOUSING AND REDEVELOPMENT AUTHORITY
TUESDAY,MARCH 20,2001 7:00 PM, CITY CENTER
Council Chamber
8080 Mitchell Road
CITY COUNCIL: Mayor Jean Harris, Councilmembers Sherry Butcher, Ronald Case, Jan
Mosman, and Nancy Tyra-Lukens
CITY COUNCIL STAFF: City Manager Chris Enger, Parks & Recreation Services Director
Bob Lambert, Public Safety Director Jim Clark, Public Works Services Director Eugene Dietz,
Community Development and Financial Services Director Don Uram, Management Services
Director Natalie Swaggert, City Attorney Ric Rosow and Council Recorder Peggy Rasmussen
I. ROLL CALL/CALL THE CITY COUNCIL/HOUSING AND REDEVELOPMENT
AUTHORITY MEETINGS TO ORDER
Mayor Harris called the meetings of the City Council and Housing and Redevelopment
Authority to order at 7:10 p.m.
• VII. PUBLIC HEARINGS/MEETINGS
A. CREATION OF TAX INCREMENT FINANCING (TIF) DISTRICT #17
FOR THE ROLLING HILLS SENIOR PROJECT (Resolution No. 2001-50)
Mayor Harris said this is a Joint Public Hearing involving both the City Council
and the Housing and Redevelopment Authority.
Enger said official notice of this public hearing was published in the February 22,
2001,Eden Prairie News. The project was approved by the City Council October
3, 2000, and will be located at the southeast corner of Prairie Center Drive and
Rolling Hills Road. The developer is requesting Tax Increment Financing to
reduce rents on 29 units for 30 years. Rents on these units will be affordable to
persons with incomes below 50 percent of the median income for the metro area.
The plan calls for the creation of a Housing(Qualified)District that is expected to
generate about $3,300,000 in TIF over ten years on a pay-as-you-go basis. A
Limited Liability Corporation (LLC), consisting of Shelter Care Foundation and
Ebenezer Society,will own the project.
Jay Jensen, representing Rolling Hills Senior Housing Project, said this
development is being done with two non-profit corporations, Ebenezer and
Shelter Care Foundation. There will be doctors on the premises from Fairview
10 Southdale Hospital. Twenty percent of the units will be affordable in the
R
independent living, assisted living and memory loss areas. The TIF district is for
abut 10-1/2 years. The affordability agreement that the non-profits will be
entering into is for 30 years, so not only each year is affordability greater than the
tax increment going in, but because it's non profit and part of their charter is to
provide affordable housing,they are extending the period to 30 years minimum.
As part of this project there will be a small office building of 17,500 square feet.
The TIP district is only for the housing portion of the project. Jensen said he
hoped to have groundbreaking around Memorial Day.
Mosman asked if the other office was for the medical service. Jensen said they
hope to have Fairview use this office to provide senior medical services. It is
planned that patients would be able to use the Internet from their units to contact
doctors.
Uram said the project includes a three-story senior building with 142 units, 29 of
which will be subsidized through the TIF agreement. The Tax Increment
Financing will last 10 —1/2 years. At their February 26, 2001 meeting, the
Community Planning Board found the use of TIF for this project consistent with
the goals of the City's Comprehensive Plan.
Mayor Harris asked if anyone wished to address the Council on this project. No
one did.
• HRA MOTION
MOTION: Case moved, seconded by Tyra-Lukens, to close the public hearing;
and adopt H.R. A.Resolution No. 2001-01 relating to the Redevelopment Plan for
Redevelopment Project Area No. 5 in the City of Eden Prairie and the Tax
Increment Financing Plan (Qualified Housing) District No. 17. Motion carried
5-0.
MOTION: Case moved, seconded by Tyra-Lukens, to close the HRA meeting.
Motion carried 5-0.
COUNCIL MOTION:
MOTION: Butcher moved, seconded by Mosman, to close the public hearing;
and adopt Resolution 2001-50 relating to Redevelopment Project Area No. 5 and
creating Tax Increment Financing District No. 17 and approving the Tax
Increment Financing Plan for the Rolling Hills Senior Project. Motion carried
5-0.
It