2006-08-08MOUND HOUSING AND REDEVELOPMENT AUTHORITY
AUGUST 8, 2006
The Housing and Redevelopment Authority in and for the City of Mound met in
regular session on Tuesday, August 8, 2006, at 6:00 p.m. in the council
chambers of city hall.
Members Present: Chairperson Pat Meisel; Commissioners Bob Brown, David
Osmek, Mike Specht and John Beise
Others Present: Executive Director Kandis Hanson, City Clerk Bonnie Ritter,
Community Development Director Sarah Smith, Public Works Director Carlton
Moore, City Attorney John Dean, Finance Director Gino Businaro, Dave
Newman, Tom Stokes, Dave Callister, Catherine Posche
1. Open meeting
Chair Meisel opened the meeting at 6:00 p.m.
2. Approve agenda
MOTION by Specht, seconded by Beise to approve the agenda. All voted in
favor. Motion carried.
3. Approve minutes
MOTION by Brown, seconded by Osmek to approve the minutes of the July 25,
2006 meeting. All voted in favor. Motion carried.
4. Discussion on financing for Mound Transit District
Dave Callister of Ehlers & Associates informed the HRA that whether the bond is
for 20 years or 25 or 30, Piper feels that it is marketable. Callister also reviewed
the Transit Center Project budget, adjusted to show a project gap of $235,125.
The HRA authorized advertisement for bids at a previous meeting.
5. Approval of 2007 HRA Budctet for special benefits tax levy (Transit
Center
MOTION by Beise, seconded by Brown to adopt the following resolution. All
voted in favor. Motion carried.
RESOLUTION NO. 06-05H: RESOLUTION AUTHORIZING THE LEVY OF A
SPECIAL BENEFIT LEFY PURSUANT TO MINNESOTA STATUTES,
SECTION 469.033, SUBDIVISION 6 AND APPROVAL OF A BUDGET FOR
FISCAL YEAR 2007
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Mound HRA Minutes -August 8, 2006
Mayor Meisel turned the meeting over to Acting Chair Osmek for the next item on
the agenda, because of a possible perceived conflict of interest.
6. Consideration of options for financial assistance for possible proposed
development in Auditor's Road area
Dave Newman of Mound Harbor Renaissance Development, LLC, updated the
HRA on a meeting that they and Welsh Company had with the Ridgeview Clinic
regarding a possible site for the clinic. The clinic is looking at four possible sites,
two being out of town, one being their present location and the other in the
Auditor's Road area.
Welsh delivered a letter of intent earlier today and will continue meeting with the
clinic. Newman indicated that the preliminary figures show a $1.5 to 2 million
shortage, which is a significant gap that they don't know how they could fill. They
felt an obligation to update the city of this and asked for a sense of direction, and
requested the HRA to have staff research financing options to bridge the gap. It
was the consensus of the HRA to have staff do this financing research and report
back findings.
The meeting was turned back to Chair Meisel
7. Adiourn
MOTION by Specht, seconded by Osmek to adjourn at 7:07 p.m. All voted in
favor. Motion carried.
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Attest: Bonnie Ritter, City Clerk
Chair Pat Meisel
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MOUND HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION N0.06-05H
AUTHORIZING THE LEVY OF
A SPECIAL BENEFIT LEVY PURSUANT TO MINNESOTA STATUTES,
SECTION 469.033, SUBDIVISION 6 AND APPROVAL
OF A BUDGET FOR FISCAL YEAR 2007
WHEREAS the Housing and Redevelopment Authority in and for the City of Mound (the
"HRA") has been duly ,established and operates under Minnesota Statutes, Sections
469.001 to 469.047 (the "HRA Act"); and
WHEREAS, Section 469.033, Subdivision 6, of the HRA Act permits the HRA to levy and
collect a special benefit levy of up to .0144 percent of taxable market value in the City
upon all taxable real property within the City in order to finance housing and
redevelopment activities authorized under the HRA Act; and
WHEREAS, the HRA currently administers its Development District No. 1 (the "Project"),
which constitutes a redevelopment project under the HRA Act; and
WHEREAS, as part of its overall redevelopment objectives for the Project, the HRA
intends to construct the Mound Transit Center (the "Transit Center") to serve the Project;
and
WHEREAS, the HRA intends to finance a portion of the Transit Center through issuance
of bonds secured by the special benefit levy; and
WHEREAS, the HRA has reviewed a budget for its operations for fiscal year 2007, which
budget earmarks the special benefits levy to pay debt service and any other costs related
to the construction, operation and maintenance of the Transit Center (see attached
Exhibit); and
WHEREAS, the amount of the levy for collection in 2007 shall be based on this budget.
NOW, THEREFORE, be it resolved by the Board of Commissioners of the Housing and
Redevelopment Authority in and for the City of Mound as follows:
1. The budget of $173,281 for costs of the Transit Center in fiscal year 2007 is
hereby in all respects approved.
2. Staff of the HRA are hereby authorized and directed to file the budget with the
City in accordance with Minnesota Statutes, Section 469.033, Subdivision 6.
3. The Board approves a special benefit levy for taxes payable in 2007 pursuant to
Minnesota Statutes, Section 469.033, Subdivision 6, in the amount of $173,281,
subject to consent of the City Council of the City.
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Resolution No. 06-05H
4. Staff of the HRA are hereby authorized and directed to seek the approval by
resolution of the City Council of the City of the levy of special benefit taxes in
2007, certify such proposed special levy with the Hennepin County Auditor
by September 15, 2006, certify the final levy with the County Auditor by
December 20, 2006, and take such other actions as are necessary to levy
and certify such levy.
Approved this 8th day of August, 2006 by the Board of Commissioners of the Housing and
Redevelopment Authority in and for the City of Mound.
Chair Pat Meisel
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Attest: Bonnie Ritter, City Clerk
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294937V1 SJB MU195-23
EXHIBIT A
8/4/2006
FREERS
6 ASSOCIATES INC
City of Mound
Parking Ramp/Transit Center Project
iUses (Expenses) Amount % I
Base Bid:
Two Level Parking Ramp (TOD) $ 2,114,000 42%
Storm water Treatment (MCWD) $ 459,100 9%
Waiting Room/Restroom (MT) $ 2,000 0%
Well house (TOD) $ 126,000 3%
Bus Layover (MT) $ 27,500 1%
Utility Service (TOD) $ 41,700 1%
Site Lighting (TOD) $ 111,350 2%
Pedestrian Pavements (TOD) $ 11,500 0%
Landscaping (TOD) $ 359,340 7%
Site Furnishings $ 14,300 0%
Farmers Market Surface Parking Lot $ 57,800 1%
True Value Surface Parking Lot $ 113,000 2%
Mobilization $ 52,500 1
Contin enc $ 196 875 4%
Total Construction costs $ 3,686,965 73%
Architectural & Engineering $ 393,750 8%
Land Acquisition (Hennepin County) $ 95,000 2%
Contin enc $ 103,410 2%
Total Other $ 592,160 12%
Total Base Bid $ 4,279,125 85%
Add Alternate Bid
Add Third Level $ 750,000 15%
Total Uses (Expenses) $ 5,029,125 100%
Sources (Revenues) Amount
HRA Fund $ 586,000 12%
Hennepin County TOD Grant $ 1,000,000 21
Metro Transit Grant $ 200,000 4%
Minnehaha Creek Watershed District Grant $ 300,000 6%
Mound Harbor Renaissance $ - 0%
Special Assessments $ - 0%
Land Sale Proceeds $ - 0%
Bond Proceeds (30 yr)' $ 2,708,000 56%
Total Sources $ 4,794,000 100%
Sources and Uses Total
Total Uses $ 5,029,125
Total Sources $ 4,794,000
Project (Gap) $ 235,125
` $173,281 from HRA Levy proceeds in FY 2007 is budgeted for debt service
Notes: Construction Costs based Walker Parking Consultants Report, dated July 11, 2006.
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