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HomeMy WebLinkAboutCity Council - 09/02/2008 - HRA APPROVED MINUTES HOUSING AND REDEVELOPMENT AUTHORITY TUESDAY, SEPTEMBER 2, 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 Chair Young called the meeting to order at 7:05 PM in shared session with the Council meeting. All members were present. II. APPROVE MINUTES OF HRA MEETING HELD ON JULY 15, 2008 MOTION: Duckstad moved, seconded by Aho, to approve the minutes of the HRA meeting held on July 15, 2008 as published. Motion carried 5-0. III. RESOLUTION APPROVING THE PROPOSED 2009 HRA PROPERTY TAX LEVY OF $200,000 AND THE PROPOSED 2009 HRA BUDGET OF $200,000 Neal said Council Members are acting in the capacity of the Housing and Redevelopment authority (HRA) and are being asked to consider approving a property tax levy of $200,000 for 2009. He said Minnesota law authorizes the HRA to levy a tax with the consent of the City Council. Per Minnesota Statute, the Housing and Redevelopment Authorities can levy a tax of up to .0185 percent of taxable market value. The proceeds may be spent on planning and implementation of redevelopment and/or low-rent housing assistance programs within the City. The limit for the City of Eden Prairie is approximately $1.8 million. MOTION: Duckstad moved, seconded by Nelson, to adopt HRA Resolution 2008-03 to approve the proposed 2009 property tax levy to be $200,000 and accept the proposed 2009 budget of$200,000. Motion carried 5-0. IV. RESOLUTION APPROVING WINDSOR PLAZA FIRST AMENDED DEVELOPMENT AGREEMENT RELATING TO TOWN CENTER PHASE ONE TAX INCREMENT FINANCING DISTRICT NO. 21 LOCATED WITHIN REDEVELOPMENT PROJECT AREA NO. 6. Neal said the Windsor Plaza Development Agreement relating to Town Center Phase One Tax Increment Financing District No. 21 located within Redevelopment Project Area No. 6 will be amended to include a revised legal description to the new Registered Land Survey (RLS). He noted there will be a Public Hearing for this item under the Council portion of the agenda. HRA MINUTES September 2, 2008 Page 2 Neal said the developer seeks approval of an RLS to simplify the delineation of the retail, office, and restaurant components of the Windsor Plaza building, and to allow for the allocation of taxes and assessments to each portion of the development in accordance with the various agreements by and between the applicant and the City. Individual parcels of an RLS are assigned letter designations and are identified by Tracts. An RLS also permits multilevel or vertical tracts. The proposed RLS will use multilevel tracts to define all portions of the multilevel building. As part of the approval of the RLS, the Agreement Regarding Special Assessments and the Assessment Agreement are also being amended. The purpose of these amendments is to allocate the special assessments and the real property taxes to the individual tracts of the RLS. Neal said approval of the RLS will not result in any changes to the Windsor Plaza project approved by the Planning Commission and the City Council in 2007. The 120-Day review period expires on November 9, 2008. Neal noted this approval of this item is more important to the developer than it is to the City because it will allow the developer a more defined way to allocate costs to the tenants of the development. MOTION: Butcher moved, seconded by Nelson, to adopt Resolution HRA 2008-04 approving Windsor Plaza First Amended Development Agreement relating to Town Center Phase One Tax Increment Financing District No. 21 located within Redevelopment Project Area No. 6. Motion carried 5-0. V. ADJOURNMENT MOTION: Duckstad moved, seconded by Nelson, to adjourn the HRA. Motion carried 5-0. Chair Young adjourned the meeting at 7:10 PM.