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HomeMy WebLinkAboutCity Council - 08/05/1997 - HRA AN EXCERPT FROM THE APPROVED MMUTES • JOINT EDEN PRAIRIE CITY COUNCIL AND HOUSING & REDEVELOPMENT AUTHORITY TUESDAY, AUGUST 5, 1997 7:30 PM, CITY CENTER Council Chamber 8080 Mitchell Road CITY COUNCILMEMBERS: Mayor Jean Harris, Sherry Butcher- Younghans, Ronald Case, Ross Thorfinnson, Jr., and Nancy Tyra- Lukens HOUSING & REDEVELOPMENT AUTHORITY MEMBERS: Chair Jean Harris, Sherry Butcher- Younghans, Ronald Case, Ross Thorfinnson, Jr., and Nancy Tyra- Lukens CITY COUNCIL STAFF: City Manager Carl J. Jullie, Assistant City Manager Chris Enger, Director of • Parks, Recreation & Natural Resources Bob Lambert, Director of Public Works Eugene Dietz, City Attorney Roger Pauly, and Council Recorder Jan Nelson PLEDGE OF ALLEGIANCE ROLL CALL Mayor Harris called the meeting to order at 7:30 p.m. All members were present. V. PUBLIC HEARINGS/MEETINGS B. TAX INCREMENT FINANCING FOR EDENVALE TOWNHOUSE PROJECT by Peter Andrea Company. Request for the Council to adopt Resolution 97-145 approving the Tax Increment Financing Plan for Edenvale Townhomes and request of HRA to adopt Resolution 97-145 adopting the Tax Increment Financing Plan for Tax Increment Financing. Location: Southeast Corner of Mitchell Road and Valley View Road. (Resolution 97-145) Mayor Harris announced this will be a Joint Meeting involving both the City Council and the Housing & Redevelopment Authority (HRA). She convened the • HRA for this project and said we will have the Council hearing and the required HRA meeting conducted simultaneously. JOINT CITE'COUNCIL/HRA TNIINUTES August 5, 1997 Page 2 Jullie said the official notice for this Public Hearing was published on July 24, 1997 in the Eden Prairie News. The proposed site plan and rezoning for the project shows 32 multi-family units on 3.2 acres located at the SE comer of Mitchell & Valley View Road and was given lst Reading approval by the City Council on July 15, 1997 and 2nd Reading on August 5, 1997. These units would provide housing with rents affordable for persons with incomes below 50% of the median income for the metro area. It is proposed that the City would use its Tax Increment Financing authority, which is essential for the feasibility of this project. All 32 units proposed can be credited toward meeting the City's Livable Communities affordable rental housing goal of 20 units for 1998. Heather Boyer of Springsted, Inc., financial advisors for the City and HRA, gave an overview of the Tax Increment Financing Plan and Project Plan. There were no comments from the audience. MOTION: Case moved, seconded by Tyra-Lukens to close the Public Hearing, and that the HRA adopt Resolution 97-145 adopting the Tax Increment Financing Plan for Tax Increment Financing District No. 14. Motion carried 5-0. MOTION: Tyra-Lukens moved, seconded by Case, to close the HRA meeting. • Motion carried 5-0. MOTION: Thorfinnson moved, seconded by Tyra-Lukens, that the Council adopt Resolution 97-145 relating to Tax Increment Financing District No. 14 approving the Tax Increment Financing Plan therefore. Motion carried 5-0.