HomeMy WebLinkAboutCity Council - 07/15/2008 - HRA APPROVED MINUTES
HOUSING AND REDEVELOPMENT AUTHORITY
TUESDAY,JULY 15, 2008 7:00 PM, CITY CENTER
Council Chamber
8080 Mitchell Road
HOUSING AND REDEVELOPMENT AUTHORITY MEMBERS: Chair Phil Young,
Council Members Brad Aho, Sherry Butcher, Jon Duckstad and Kathy Nelson
CITY STAFF: City Manager Scott Neal, Public Works Director Eugene Dietz, City Planner
Michael Franzen, Community Development Director Janet Jeremiah, City Attorney Ric Rosow,
Finance Director Sue Kotchevar and Recorder Jan Curielli
I. ROLL CALL/CALL THE MEETING TO ORDER
Young called the meeting to order at 7:15 p.m. in shared session with the Council meeting.
II. APPROVE MINUTES OF HRA MEETING HELD ON FEBRUARY 12, 2008
MOTION: Nelson moved, seconded by Duckstad, to approve the minutes of the HRA
meeting held on February 12, 2008 as published. Motion carried 5-0.
III. PUBLIC HEARING ON REDEVELOPMENT PROJECT AREA NO. 5 AND TAX
INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 15
(RESOLUTION HRA 2008-02)
Neal said official notice of these public hearings were published in the July 3, 2008, Eden
Prairie News. Silvercrest Properties, owners of the Summit Place Senior Apartments, is
proposing to complete the last phase of their development with an 80-unit addition to their
existing 265 unit project located on Flying Cloud Drive and Fountain Place Drive. This
project is within a Tax Increment District established in 1999 for the purpose of providing
affordable rents on 20 percent of the units. An additional 80 units will require that another
16 units be affordable to maintain TIF eligibility. All 16 affordable units will be located in
the existing project area as independent units, versus assisted living or memory care units,
which have a variety of medical, food, and other services bundled into the rents.
Neal said the existing TIF plan and budget will be amended to include the additional 16
units and Tax Increment generated from the value of the new building addition.
Johnson pointed out that the proposal is in conformance with the original planning
proposal so it does not have to go through any more review. She noted Mike Gould and
Paul Stein, consultant on TIF matters, were present to answer questions.
There were no comments from the audience.
MOTION: Aho moved, seconded by Duckstad, to close the Public Hearing and to adopt
Resolution HRA 2008-02 approving the Amendment to the Tax Increment Financing Plan
for TIF District No. 15.
HRA MINUTES
September 4, 2007
Page 2
Nelson asked if the affordable housing units will be a single room or a one-bedroom
apartment. Johnson replied the affordable units will be one-bedroom individual living units
for persons at 50% or less of the metropolitan area income level.
VOTE ON THE MOTION: Motion carried 5-0.
IV. ADJOURNMENT
MOTION: Duckstad moved, seconded by Butcher, to adjourn the HRA. Motion carried
5-0. Chair Young adjourned the meeting at 7:20 PM.