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HomeMy WebLinkAboutCity Council - 01/02/2018 - HRA APPROVED MINUTES HOUSING AND REDEVELOPMENT AUTHORITY TUESDAY,JANUARY 2, 2018 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. All Council Members were present. II. APPROVE MINUTES OF HRA MEETING HELD ON DECEMBER 12, 2017 MOTION: Nelson moved, seconded by Case, to approve the minutes of the HRA meeting held December 12, 2017. Motion carried 5-0. III. ADOPT RESOLUTION HRA 2018-01 APPROVING DECERTIFICATION OF TAX INCREMENT FINANCING DISTRICT NO. 13 OF THE HOUSING AND REDEVELOPMENT AUTHORITY Getschow said this action is to decertify the Tax Increment Financing (TIF) district established in 1996 as part of the major redevelopment of the Eden Prairie Mall. This has been one of the most successful redevelopment projects in our City, and twenty years later the obligations have been met. Once the district is decertified, the full tax base of the project will go back on the Eden Prairie tax rolls. Tyra-Lukens noted this was a very successful use of TIF financing. The mall had only a few stores at the time the TIF was established, and now the mall is thriving. MOTION: Aho moved, seconded by Nelson, to adopt Resolution HRA 2018-01 approving decertification of Tax Increment Financing District No. 13 of the Housing and Redevelopment Authority. Motion carried 5-0. IV. ADJOURNMENT MOTION: Case moved, seconded by Butcher Wickstrom, to adjourn the HRA meeting. Motion carried 5-0. Chair Tyra-Lukens adjourned the HRA meeting at 7:04 PM.