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HomeMy WebLinkAboutCity Council - 06/04/2013 - HRA APPROVED MINUTES HOUSING AND REDEVELOPMENT AUTHORITY TUESDAY,JUNE 4, 2013 7:00 PM, CITY CENTER Council Chamber 8080 Mitchell Road HOUSING AND REDEVELOPMENT AUTHORITY MEMBERS: Chair Nancy Tyra- Lukens, Council Members Brad Aho, Sherry Butcher Wickstrom, Ron Case, and Kathy Nelson CITY STAFF: City Manager Rick Getschow, Public Works Director Robert Ellis, Community Development Director Janet Jeremiah, Parks and Recreation Director Jay Lotthammer, City Attorney Rick Rosow and Council Recorder Jan Curielli I. ROLL CALL/CALL THE HRA MEETING TO ORDER Chair Tyra-Lukens called the meeting to order at 7:03 PM in shared session with the City Council. All members were present. II. APPROVE MINUTES OF HRA MEETING HELD ON FEBRUARY 19, 2013 MOTION: Butcher Wickstrom moved, seconded by Aho, to approve the minutes of the HRA meeting held February 19, 2013. Motion carried 4-0-1, with Case abstaining. III. ADOPT RESOLUTION HRA NO. 2013-01 AND HRA NO. 2013-02 APPROVING PARTICIPATION OF THE HENNEPIN COUNTY HOUSING AUTHORITY IN AN EDEN PRAIRIE AFFORDABLE HOUSING PROJECT Getschow said the City has agreed to use Community Development Block Grant(CDBG) funds to assist with the purchase of properties by West Hennepin Affordable Housing Land Trust(WHAHLT). WHAHLT has also been approved to receive funding for the projects by the Hennepin County Housing and Redevelopment Authority (HCHRA). The HCHRA needs Eden Prairie HRA approval in order to go forward with the funding and completion of the financing for the projects at 15816 N. Eden Dr. and 15608 N. Eden Dr. MOTIONS: Butcher Wickstrom moved, seconded by Case, to adopt Resolution HRA No. 2013-01 approving the participation of the Hennepin County Housing and Redevelopment Authority in an Eden Prairie affordable housing project at 15608 N. Eden Drive; and to adopt Resolution No. 2013-02 approving the participation of the Hennepin County Housing and Redevelopment Authority in an Eden Prairie affordable housing project at 15816 N Eden Dr. Motions carried 5-0. Tyra-Lukens noted the project uses CDBG funds that are federally provided and does not use City funding. IV. ADOPT RESOLUTION HRA NO. 2013-03 APPROVING MODIFICATION TO REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT NO. 5 AND ADOPTING AN ADMINISTRATIVE AMENDMENT TO TAX INCREMENT HRA MINUTES June 4, 2013 Page 2 FINANCING PLAN FOR TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 13 Getschow said this is a concurrent public hearing with the City Council. The modification to the redevelopment plan expands the size of the project area so that the Shady Oak Road South project is included in the project area. The City anticipates spending approximately $2,000,000 of TIF 13 funds for this project. The administrative amendment makes a line item adjustment to the estimated public improvement costs, including the ability to spend funds out of the TIF district on qualified street and road improvements. The amendment does not increase the total budget of the project. He noted there are updates on goldenrod paper to both the HRA resolution and the Council resolution that provide further findings in support of the amendment. Nelson said for an explanation of why the original TIF project was done. Rosow said the original TIF district covered the Eden Prairie mall, and the project was done to provide funds from the TIF collections to remodel and update the mall. The redevelopment area was much larger than the TIF district, and the action tonight enlarges the redevelopment area to include a portion of the City in which we are doing road improvements in the Shady Oak area. Getschow referred to page 64 of the Council packet that showed the area in which we can use these TIF funds. Case asked how taxation is treated in the TIF district. Rosow replied the owner of property within the TIF district continues to pay taxes the entire time. The City captures the difference between the value of the property before and the value as it grows because of the improvements made. The majority of the TIF went to the mall for improvements,but there is a portion for transportation. The law allows the spending of a portion outside the TIF district for redevelopment. Butcher Wickstrom asked if there is a date certain at which the mall is valued. Rosow said we are not collecting TIF at this point. We are seeking a way to use the pooled TIF for transportation purposes. There were no comments from the audience. JOINT MOTION WITH CITY COUNCIL: Case moved, seconded by Aho, to close the public hearing. Motion carried 5-0. MOTION: Case moved, seconded by Aho, to adopt Resolution HRA No. 2013-03 approving modification to the redevelopment plan for redevelopment project No. 5 and adopting an administrative amendment to the Tax Increment Financing Plan for Tax Increment Financing (Redevelopment) District No. 13. Motion carried 5-0. V. ADJOURNMENT MOTION: Butcher Wickstrom moved, seconded by Nelson, to adjourn the HRA. Motion carried 5-0. Chair Tyra-Lukens adjourned the HRA meeting at 7:12 PM.