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2000-03-28Il ,IS i i I &d, I, I ,~ , REGULAR MEETING MOUND HRA -MARCH 28, 2000 The Housing and Redevelopment Authority of the City of Mound, I-Iennepin County, Minnesota, met in a regular session on Tuesday, March 28, 2000, at 7:00 p.m., in the Council Chambers at 5341 Maywood Road, in said City. Those present: Chairperson Pat Meisel; HRA Board Members: Bob Brown and Leah Weycker. Absent and Excused: HRA Board Members Andrea Ahrens and Mark Hanus. Also in attendance were Acting City Manager Fran Clark, City Attorney John Dean, HRA Director Pinky Charon, Mound Visions Coordinator Bruce Chamberlain, and Secretary Sue McCulloch. Others present: Randy Beyreis, Jane Carlson, Walter Couden, Blair Lindemyer, Mrs. Longpre, Peter Meyer, Mike Pfeiler, Frank Weiland. Consent Agenda: All items listed under this Consent Agenda are considered to be routine by the Housing and Redevelopment Authority. There will be no separate discussion of these items unless a Councilmember or citizen so request, in which event the item will be removed from the Consent Agenda and considered in normal sequence. Chairperson Meisel called the meeting to order at 7:05 p.m. APPROVAL OF AGENDA AND CONSENT AGENDA. MOTION by Brown, seconded by Weycker, to approve the agenda and consent agenda as submitted. Motion carried. 3-0. *1.0 INDIAN KNOLL MANOR CONSENT AGENDA. Ae MONTHLY BILLS. MINUTES - FEBRUARY 22, 2000. 1.1 ACCOUNTING REPORTS. A. ACCOUNTANT REPORTS. HRA Director stated she has started using the monies received from the $67,000 grant. She has tinted the windows and is getting bids to have the vents cleaned. She is a bit frustrated with the two bids because they are $7,000 apart from each other. HRA Board Member Brown asked the HRA Director if she has heard from a man by the name of "Mike" who could give her a quote on a new type of vent cleaning process. She stated she has not heard from "Mike." HRA Board Member Brown will contact "Mike" and have him call her. MOUND HRA MINUTES - MARCH 28, 2000 HRA Director stated she would be making landscaping improvements as well with the grant money. B. BANK ACCOUNTS. HRA Director reported no new information. 1.2 HRA ACTION ITEMS. A. RESOLUTION g00-6 MAINTENANCE POLICY. HRA Director stated in May, 2000, she will be presenting a five-year maintenance plan to the HRA Board Members that will need to be submitted by July 15, 2000. Chairperson Meisel asked how the HRA Director intends to comply with the maintenance plan with regard to the 32 hours of training requirement. HRA Director stated she would do the best job possible. She further stated her caretaker has quit and she will actively be pursuing another candidate to fill this spot. Chairperson Meisel suggested calling an insurance company that might have videos that would assist in this training. HRA Director will speak to the Public Works Director about this as well. HRA Director noted the requirements with this policy are excessive for her small building. MOTION by Weycker, seconded by Brown, to accept the Maintenance Policy as submitted. RESOLUTION//00-6: RESOLUTION ADOPTING MAINTENANCE POLICY EFFECTIVE APRHJ 1, 2000. The vote was unanimously in favor. Motion carried. 3-0. B. RESOLUTION//00-7 TENANT CHOICE IN RENT. HRA Director stated the agreement specifies there will be a flat rent policy by tenant choice put into effect upon the acceptance of the attached resolution. HRA Board Member Weycker noted the word "Hopkins" should be replaced with the word "Mound" in the resolution. HRA Director agreed with this correction. MOTION by Brown, seconded by Weycker, to accept the Tenant Choice in Rent - Flat Rent Policy with the above change. RESOLUTION g00-7: RESOLUTION ADOPTING TENANT CHOICE IN RENT - FLAT RENT POLICY. 2 MOUND HRA MINUTES - MARCH 28, 2000 The vote was unanimously in favor. Motion carried. 1.3 INFORMATION ITEMS. A. THE CONTINUING SAGA WITH HUD. B. APRIL 25, 2000, INDIAN KNOLL MANOR MEETING. 1.4 MISCELLANEOUS. HRA Director will not be in attendance at the April 25, 2000, meeting because of her scheduled surgery. She stated if there are no TIF items, the meeting could be cancelled. Chairperson Meisel asked about the March 21, 2000, meeting. HRA Director had nothing to report to date because of active discussions to date. HRA Board Member Weycker asked about the March 16, 2000, hearing. HRA Director stated she has not read the documents to date, but will review them at a later date and time. 1.5 TENANT REPRESENTATIVE REPORT. There was nothing to report. 1.6 TAX INCREMENT FINANCING AGENDA. A. MOTION TO APPROVE RENTAL FORBEARANCE AGREEMENT ON LONGPRE PROPERTY. Mounds Visions Coordinator summarized the rental forbearance agreement. He restated the rental forbearance agreement is intended as an incentive for property owners within the redevelopment district to not release property if it becomes vacant. The advantage to the HRA in this scenario is that tenant relocation costs would not be incurred when and if the property is redeveloped. The advantage to the property owner is that they will receive payment in lieu of rent if the property is redeveloped. Chairperson Meisel wanted to be assured the project is moving forward and the developer does understand the City of Mound is anxious to see some progress very soon. She further stated by having the rent forbearance agreement we are helping the City of Mound by keeping relocation costs down as well as assisting current property owners, such as Mrs. Longpre. Mounds Visions Coordinator stated the project is progressing forward at an acceptable rate. There will be documentation presented on April 11, 2000. He wanted the Board Members assured this type of redevelopment takes time to work through the development agreement. He is confident this project will be successful. 3 Il ,11 Il I I &l, &, ~1 B ,~, MOUND HRA MINUTES - MARCH 28, 2000 Mounds Visions Coordinator stated this agreement does not disallow the property owner to lease its property, but its does try to discourage the property owner from doing so. MOTION by Weycker, seconded by Brown, to accept the Rental Forbearance Agreement on Longpre Property as submitted. The vote was unanimously in favor. Motion carried. 3-0. Be APPROVE ISSUANCE OF CERTIFICATE OF COMPLETION TO JRW PROPERTIES - RE: COMMERCE PLACE SHOPPING CENTER. APPROVE ASSIGNMENT OF REMAINING OBLIGATIONS OF JRW PROPERTIES CONTRACT TO UNITED PROPERTIES. D. AUTHORIZE THE ACCEPTANCE OF A SUBSTITUTE LETTER OF CREDIT FROM UNITED PROPERTIES. E. AUTHORIZE RELEASE OF THE CURRENT LETTER OF CREDIT TO JRW PROPERTIES UPON RECEIPT OF LETTER OF CREDIT FROM UNITED PROPERTIES. The City Attorney summarized the private redevelopment agreement and stated this is a fairly routine process and the HRA will be seeing more of these in the future. He stated items B, C, D and E all relate to the private redevelopment agreement. He stated JRW Properties is a creditable operation as well as United Properties. He stated United Properties would be assuming the obligations JRW Properties had with regard to the tax situations and such. The City Attorney stated the original agreement stated United Properties would assume these obligations by a letter of credit, although with the second supplement to the agreement for private redevelopment that the City Attorney presented tonight, United Properties would assume these responsibilities by a letter of credit or a substitute letter of credit. The City Attorney further stated no changes would take place until either of the letter of credits have been presented adequately. MOTION by Brown, seconded by Weycker, to accept B, C, D and E of the private redevelopment agreement as submitted above. The vote was unanimously in favor. Motion carried. 3-0. 1.7 INFORMATION/MISCELLANEOUS. 1. Letter that will be sent to Langdon District property owners. The Acting City Manager stated the letter was sent on March 28, 2000, to the property owners. 2. Note from Bruce Chamberlain regarding the Balboa Property Purchase Agreement. 4 MOUND HRA MINUTES - MARCH 28, 2000 The City Att0mey stated Maxwell rejected the City of Mound's offer because of three points. (1) not sufficient price; (2) the closing date does not satisfy the specific environmental concerns; and (3) he is interested in 100 percent cash at closing or a short term note with a balloon payment. The City Attorney stated the financial arrangements should be discussed with the Finance Director before making a decision. 1.8 Chairperson Meisel suggested the next step would be to have the HRA renegotiate the price and she would like to have discussions about the price at the April, 2000, COW meeting when all members are present. Mounds Vision Coordinator stated Maxwell would not consider the City of Mound's offer if the City is not willing to address his three concerns of rejection. Maxwell does have another interested individual in the property. The City Attorney suggested to the HRA that when they meet at their COW meeting to consider the remediation costs. MOTION by Brown, seconded by Weycker, to adjourn the meeting at 7:25 p.m. The vote was unanimously in favor. Motion carried. 3 -0. Fran Clark, Acting City Manager Attest: Chairperson Meisel 5