HomeMy WebLinkAboutCity Council - 04/16/2002 - HRA APPROVED MINUTES
HOUSING AND REDEVELOPMENT AUTHORITY
TUESDAY,APRIL 16, 2002 7:35 PM, CITY CENTER
Council Chamber
8080 Mitchell Road
CITY COUNCIL: Mayor Nancy Tyra-Lukens, Councilmembers Sherry Butcher,Ron Case,
David Luse and Jan Mosman
CITY COUNCIL STAFF: City Manager Carl Jullie,Parks &Recreation Services Director Bob
Lambert,Public Works Services Director Eugene Dietz, Community Development and Financial
Services Director Don Uram, City Planner Michael Franzen, City Attorney Ric Rosow and
Council Recorder Jan Nelson Curielli
I. ROLL CALL/CALL THE MEETING TO ORDER
Mayor Tyra-Lukens convened the HRA at 7:35 p.m. All members were present.
II. RESOLUTION 2002-02 ESTABLISHING TAX INCREMENT FINANCING PLAN
FOR TAX INCREMENT FINANCING(QUALIFIED HOUSING)DISTRICT NO.
18
• Bruce Kimmel,representing Springsted Incorporated,reviewed the statutory
steps required to establish a TIF district.He said the City received one letter
from Hennepin County in response to the proposed Tax Increment Financing
Plan. That letter is included in these minutes as Attachment A.
Kimmel said the Community Planning Board approved the use of TIF funding
for the project.
Kimmel said there are 63 units proposed to be affordable units. He said a
housing TIF District can go a maximum of 15 years but this is proposed to go 17
years. In addition,the City and the developer have worked out an agreement
where the developer would receive 80%and the City would retain 20% for
transportation uses in the Golden Triangle area. The City believes that,but for
the TIF assistance,the project would not go forward.He said this test has
become much more relevant in recent years.
Kimmel said this conforms to the general plan for development within the City.
Tyra-Lukens noted is it very clear that affordable housing in a community like
ours just isn't going to happen without using TIF or another type of financing.
MOTION: Case moved, seconded by Butcher, to close the HRA Public Hearing and to
adopt HRA Resolution 2002-02 relating to the Tax Increment Financing Plan (Qualified
Housing)District No.18. Motion carried 5-0.
HOUSING AND REDEN'ELOPINMNT AUTHORITY.NL Mff TES
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is ADJOURNMENT
MOTION: Case moved, seconded by Butcher,to adjourn the HRA. Motion carried 5-
0.Mayor Tyra-Lukens adjourned the HRA at 8:20 p.m.
Approval of April 16,2002 Minutes
(Please Initial)
o,43 Sherry Butcher
onald Case
David Luse
Jan Mosman
Nancy Tyra-Lukens
Approved on May 7,2002.
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