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HomeMy WebLinkAboutResolution - HRA 2014-01 - Eden Gardens Housing Development Project, Identifying Area and Adopting Findings - 08/19/2014 HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF EDEN PRAIRIE COUNTY OF HENNEPIN STATE OF MINNESOTA H.R.A. RESOLUTION NO. 2014-01 A RESOLUTION DETERMINING TO CARRY OUT A HOUSING DEVELOPMENT PROJECT, IDENTIFYING THE AREA, AND ADOPTING FINDINGS BE IT RESOLVED by the Board of Commissioners of the Housing and Redevelopment Authority ("HRA") in and for the City of Eden Prairie, Minnesota, as follows: RECITALS WHEREAS, pursuant to Minn. Stat. 469.017, the HRA has the authority to complete a housing development project; and WHEREAS, there is a shortage of decent, safe, and sanitary housing for persons of moderate income and their families in the City; and WHEREAS, in order to partially alleviate the shortage, the HRA has determined to carry out a housing development project(the "Project"); and WHEREAS, the goals for the Project are to increase environmental sustainability/energy efficiency and single family housing affordability for moderate income individuals and their families. The intent of the Project is to create an environmentally sustainable single family neighborhood with implementation of"green" measures with 20 of the housing units to be sold to people with moderate incomes as defined below; and WHEREAS, in order to ensure that the Project partially alleviates the shortage of moderate income housing, the HRA will establish moderate income and price limits for the Project; and WHEREAS, based on evidence presented by developers who responded to the Project Request for Proposals, in order to make the Project feasible and to provide the desired moderate income housing, the HRA has determined that 16 of the housing units in the Project may be sold at market rates. The remaining 20 of the housing units must be sold to people with incomes and at the prices set forth below. NOW THEREFORE, THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF EDEN PRAIRIE HEREBY RESOLVES AS FOLLOWS: 1. Recitals. All of the Recitals set forth above are incorporated herein. 2. Findings. The HRA finds that there is a shortage of decent, safe, and sanitary housing for persons of moderate income and their families in the City. 1 3. Determination. In order to partially alleviate the shortage, the HRA determines to carry out the Project. 4. Project Area. The property on which the Project will be constructed is located at the southwest corner of Eden Prairie Road and Scenic Heights Road as illustrated on attached Exhibit A ("Project Area") and is legally described on attached Exhibit B. 5. Project Feasibility. Based on evidence presented by developers who responded to the Project Request for Proposals, in order to make the Project feasible and to provide the desired moderate income housing, 16 of the housing units in the Project may be sold at market rates. The market rate units shall be built on Blocks 1 and 5 as shown on the Preliminary Plat of Eden Gardens. The 20 Moderate Income Units must be sold: (i) to people who qualify under the Moderate Income Limits set forth below in B; and (ii) at the Affordable Housing Prices set forth below in C. 6. Moderate Income Limits. The U.S. Department of Housing and Urban Development annually determines the area median income for Hennepin County ("Area Median Income"). The Area Median Income is published annually in December for use in the following year. The HRA hereby determines that the moderate income limits for the Project (the "Moderate Income Limits") shall be 80% to 120% of the Area Median Income. (For example, the Area Median Income for Hennepin County published in December 2013 for use in the year 2014 was $82,900. The moderate income limits for all Moderate Income Units sold in 2014 is $66,320 to $99,480.) 7. Affordable Housing Prices. Based upon the Area Median Income the Minnesota Housing Finance Authority annually sets a loan limit for the II-County Metro ("Area Affordable Price"). The Area Affordable Price is published in December for use in the following year. For purposes hereof, the affordable housing prices for persons of moderate income for the Project shall be 80% to 120% of the Area Affordable Price (the "Affordable Housing Prices") (For example, the Area Affordable Price published in December 2013 for use in the year 2014 was $310,000. Consequently, the Affordable Housing Prices for all Moderate Income Units sold in 2014 is $248,000 to $372,000.) ADOPTED by the Housing and Redevelopment Authority in and for the City of Eden Prairie this 19th day of August, 2014. N cy4vts, hair ATTEST: Rick Getschow, Executive Director 2 CERTIFICATION I, Rick Getschow, Executive Director of the Housing and Redevelopment Authority in and for the City of Eden Prairie, County of Hennepin, Minnesota, hereby certify that the foregoing is a true and correct copy of H.R.A. Resolution No. 2014 - 01 passed by the Authority on the 19th day of August, 2014. Executive Director 3 EXHIBIT B TO H.R.A. RESOLUTION NO. 2014-01 Legal Description of Project Area I'areel I That hart of Tract A described bclowy Tract A. That part of the Southwest Quarter of the Southeast Quarter of Section 17, Totynship 1 10 North. Range 22 West, Hennepin County, !vIbnemna, described as nollowy Beo nning at the southeast corner of said Southwest Quarter of the Southeast Quarter,thence north along the east line thereof 914 to,thence deflecting right 8 t degrees 37 minutes 00 seconds a distance of 244 feet., more or less, to the centerhne of County Road No 4: thence northerly along said centerline 116.3 feet;thence westerly 482.E Net,more or less to a point I A 18.6 feet north of the south Ike of said Southeast Quarter in a line described as beginning at the southeast corner of said Sotahwest Quarter of the SOUthcast Qrunrter of said Section 17: thence Niest along the south line thereof 274 Net: thence deflecting right 91 degrees 58 minutes 30 second;a distance of I.018.6 feet, thence south along said line IA18.6 feet to south line thereon, thence east along said south line 27.4 feet to point of beginning, excepting therefrom said County Road No 4; »Inich lies southerly ofLine 1 described below•: Line 1. Beginning at the northwest corner of Lot 1, Block 2, FAIRFIELD OF EDEN PRAIRIE 5TH ADDITION, thence North 84 degrees 38 minutes 27 seconds East, assumed bearing_,along the north line of said Lot I for 107A5 feet to the northeast corner ofsaid Lot i; thence deflect to the right on a tangential curie having a radius of 48017 No and a central angle of 19 degrees I I minutes 19 seconds for 161.05 No; thence South 76 degrees 10 minutes 15 seconds East 36.57 feet:thence South 64 degrees 51 minutes 39 seconds East 50.99 tic: thence South 76 degrees 10 minutes 15 seconds East 32.54 !bet and there terminating: Parcel 2: That part of Tract A described below: Tract A. Beginning at Be southivest corner of the Southeast Quarter of doe Southeast Quarter of Section 17. To"nship 116 North, Range 22 West, Hennepin County,Minnesma: thence run northerly along the ikest line thereof 914.00 fem thence deflecting right 81 degrees 37 minutes 00 seconds, 244.00 feet, more or less, to the centerline of County Road No. 4;thence southeasterly along said centerline to a point 146.50 feet northerly of at right angles from Be south line of said Smutheast Quarter of the Southeast (Nmi-ter_thence xvesterly to a point 189.2.1 Let east from the ivest line thereof, thence southerly 140.50 No:thence ivesterl� 189.24 feet to the beginning_ Icing %%esterly of the westerly right of way line or Counth Road No.4; which hes northerly of line rem parallel with and distant 50 feet southerly a Line l described helo%y: Line 1. Commencing at the northwest cornea of Lot L E31ock 2, FAERFIE1 ) OF E DE:N PRAIRIE: 5'1 11 ADDITION, Hennepin County,%9innesota, thence Nonh 84 degrees 38 minutes 27 seconds Fast. assumed beariny alou�-the north line of slid l..,ot 1. 107.05 feet to th northeast corner of said Lot I;thence deflect to the right on a tangential curve haOng a radius of 480.87 feet and a central angle of 19 degrees I i minutes 19 seconds for 16 L05 feet: thence North 13 degrees 49 minutes 45 seconds East,40.00 feet: thence South 76 degrees 10 minutes 15 seconds last. 100.20 feet to the west line of Tract A hereinbefore described which is the point of beginning of Line 1 to he described: thence South 76 degrees 10 minutes 15 seconds East 18.91 feet; thence deflect to the left on a tangential curve haying a radius of 520,87 feet and a central angle of 24 degrees I l minutes 09 seconds for 21917 No: thence Notch 79 degrees 38 minutes 36 seconds East 100 feet and there terminating, 5 together ww it that part of Tract A herembe fore described_adjoining and southerly of the above described strip. which ties northerly of the following described lines Beginning at a point on the east line of said"bract.A. distant 23.06 feet souther ly of its intersection wvith said 50 Mot parallel line: thence run aorthww°esterly to a point on said parallel fine. distant 20.06 feet wvesterly of said intersection and there terminating. together with that part of Tract A hereinbefore described,which lies easterly of Line 2 described below: Line 2. From the most easterly corner of said Tract A run westerly along the south line of Said Tract A for 20 feet to the point of beginning of Line 2 to be described.thence run northwesterly to a point distant 8 feet southwve.sterly tmeasured at right angles)of a point inn the east line of said Tract A,distant 110 feet northwesterlw of said most easterly corner;thence deflect to the left at an angle of90 degrees 00 minutes 00 seconds for 2 feet, thence run northerly to a point on the east line of'said Tract A. distant 455 feet northwesterly of said most easterly corner and there terililrlatlnL': Parcel z That part of Tract A described below Tract A. Beginning at the southwest corner of the Southeast Ottarter of the Southeast Quarter of Section 17. Township 116 North, Range 22 West, Hemlepin County Minnesota.thence run northerly along the wwest line thereof 914.00 feet;thence deflecting right 81 degrees 37 minutes 00 seconds. 244.00 feet,more or less,to the centerline of County Road No. 4:thence southeasterly along said centerfine to a point f 46.%feet northerly of at right angles from the south line of said Southeast Quarter of the Southeast Quarter;thence westeriv to a point 18924 feet east from the wrest line thereof:thence uttlttlerlV 146.50 feet:thence westerly 189.24 feet to the beginning. lying westerly Oftlle westerly right of\U)'line of County Road No. 4, which lies southerl4 of a title run parallel with and distant 50 feet southerly of Line 1 described below and wyesterlw° of Line 2 described below Line I. Commencing at the northwest corner of Lot 1. Block 2, FAIRFIEL_D OF EDI?N PRAIRIE:', 5TH ADDITION, Hennepin County, Minnesota; thence North 84 degrees 38 minutes 27 seconds Fast.assumed bearing, along the north line of said Lot 1. 107.05 feet to the northeast corner of said Lot I;thence deflect to the right on a tangential curve having radius of480.87 feet and a central angle of 19 degrees I I minutes 19 seconds for 161.05 feet: thence North 13 degrees 49 minutes 45 seconds Fast,40.00 feet, thence South 76 degrees 10 minutes 15 seconds Fast, 100.20 feet to the west line of Tract A hereinbefore described wvhich is the point of beginning of Line 1 to be described: thence South 76 degrees 10 minutes 15 seconds Fast 18.91 feet:thence deflect to the left on a tangential curve haw ing a radius of 520.87 feet and a central angle of 24 degrees 1 1 minutes 09 seconds for 219.87 feet; thence North 79 degrees 38 minutes 36 seconds Fast 100 feet and there terminatilg: Line 2. Front the most easterly corner of said Tract A ruin westerly along the south line of said Tract A fiver 20 feet to the point of beginning; of Line 2 to be described; thence run nortllwvesterly to a point distant 8 feet southwesterly (measured at right angles)of a point on the east line of said Tract A,distant 330 feet northwyesterly of said most easterly corner,thence deflect to the left at an angle of'90 degrees 00 minutes 00 seconds for 2 feet: thence run northerly to a point on the cast line of said Tract A,distant 455 feet tlorthwvesterly of said most easterly corner, thence run northerly along said east lime to a point distant 23.06 feet southerly of its intersection wvith it line run parallel wyith and distant 50 feet southerly of tine I described above:thence run northwesterly to a point on said parallel line, distant 20.06 feet westerly of said intersection and there terminating: To be platted as: Lot 1, Block 1; 6 Lots 1-5, Block 2; Lots 1-5, Block 3; Lots 1-10, Block 4; Lots 1-15, Block 5; and Outlots A, B, C, D, E, F, and G, Eden Gardens, Hennepin County. 7