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HomeMy WebLinkAboutCity Council - 10/03/2017 - HRA APPROVED MINUTES HOUSING AND REDEVELOPMENT AUTHORITY TUESDAY, OCTOBER 3, 2017 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 Ric Rosow and Council Recorder Jan Curielli I. ROLL CALL/CALL THE HRA MEETING TO ORDER Chair Tyra-Lukens called the meeting to order at 7:01 PM. Council Member Aho was absent. II. APPROVE MINUTES OF HRA MEETING HELD ON SEPTEMBER 5, 2017 MOTION: Nelson moved, seconded by Case, to approve the minutes of the HRA meeting held September 5, 2017. Motion carried 4-0. III. ADOPT RESOLUTION HRA NO. 2017-03 MODIFYING REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT AREA NO. 5, ESTABLISHING TIF DISTRICT No. 22,ADOPTING A TIF PLAN AND APPROVING AND AUTHORIZING EXECUTION OF THE TAX INCREMENT DEVELOPMENT AGREEMENT FOR ELEVATE AT SOUTHWEST STATION Getschow said the public hearing for the Elevate at Southwest Station mixed-use development project was held at a previous City Council meeting. The project includes a six-story building with 13,000 square feet of restaurant space. This is a request and an agreement to provide tax increment financing (TIF) for the affordable housing portion of the project. The request of the HRA tonight is to take action to adopt a resolution modifying the redevelopment plan for the redevelopment area, to adopt the TIF plan, and to approve and authorize the development agreement for Elevate at Southwest Station. Case asked about the requirement for the affordable units to be marketed initially to people who live or work in Eden Prairie or have children who attend Eden Prairie schools. Jeremiah replied her office and the Community Services staff will work with local employers, such as the Eden Prairie Mall, and educational institutions to try to make people aware that these units are coming and to look for candidates. The City staff will provide that as a service to the developer. Once the first unit becomes ready for occupancy, that requirement would go away. MOTION: Case moved, seconded by Nelson, to adopt Resolution No. 2017-03 modifying redevelopment plan for Redevelopment Project Area No. 5, establishing TIF District 22, HRA MINUTES October 3, 2017 Page 2 adopting a TIF plan, and approving and authorizing execution of the Tax Increment development agreement for Elevate at Southwest Station. Motion carried 4-0. IV. ADJOURNMENT MOTION: Butcher Wickstrom moved, seconded by Case, to adjourn the HRA meeting. Motion carried 4-0. Chair Tyra-Lukens adjourned the HRA meeting at 7:06 PM.