2001-03-13
1 1
AG_
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
MARCH 13, 2001
6:30 P.M.
6:30 1. OPEN MEETING
2, APPROVE AGENDA, WITH ANY AMENDMENTS
3. APPROVE MINUTES: FEBRUARY 13, 2001
4. ACTION ON RESOLUTION REQUESTINGON THE Y
COUNCIL TO CALL A PUBLICEHEppMENT PROGRAM FOR
MODIFICATION TO THE DEV
DEVELOPMENT OF DISTRICT NO. 1 AND THE PRO ONEOD
MODIFICATION TO THE TIF PLAN FO ~ ~~ IS
1-1 (A REDEVELOPMENT DISTRRICT)
5. ACTION ON AMENDMENT TO METROGRE MENT
DEVEVELOPMENT DEVELOPMENT
(Meeting will be continued at this point to allow for an executive session that will be
held concurrently with the city council executive session.)
6. EXECUTIVE SESSION: LAW SUIT BY POLSTON, ET AL
7. ADJOURN
HRA Minutes -February 13, 2001
MOTION by Brown, seconded by Meyer to approve the preliminary development
agreement with Gramercy Corporation, as presented. The vote was unanimous.
Motion carried.
Chairperson Meisel returned to preside over the balance of the meeting.
5. Post UttlCe uevew ~r„~~~• r- --
City Attorney Dean explained that the Com si a ~o w'i h changes being noted and
agreement in a different form several month g ,
provisions being added for the Limited Revenue Tax Increment Note.
MOTION by Hanus, seconded by Meyer to approve the Assignable Option to
Purchase Land with the United States Post Offs Exh bt AS Thev~ote was Limited
Revenue Tax Increment Note to be included a
unanimous. Motion carried.
6. ADJOURNMENT
MOTION by Brown, seconded by Ham edto adjourn the meeting at 6:43 p.m.
The vote was unanimous. Motion ca
Chairperson, Pat Meisel
Attest: Acting City Clerk
CITY OF MOUND
HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION NO.
RESOLUTION REfl.UESTING THE CITY COUNCIL OF THE CITY
OF MOUND CALL FOR APUBLIC -'-vi~iviODIFICATION
TO THE DEVELOPMENT PROGRAM FOR DEVELOPMENT
DISTRICT N0.1 AND THE PROM OR TAX NCREMENT F NANCING
TAX INCREMENT FINANCING PLA
DISTRICT NO.1-1. (A REDEVELOPMENT DISTRICT)
BE IT RESOLVED by the Housing and Redevollowsent Authority Commission of
the City of Mound, Minnesota (the HRA) as f
WHEREAS, the City Council ("the Council") of the City of Mound, Minnesota (the
"City') has established Development District No. 1 pursuant to Minnesota
inclusive, as amended, in an effort
Statutes, Sections 469.001 through 469.047,
to encourage the development and redevelopment of certain designated areas
within the City; and
WHEREAS, the City is proposing the modification to the Development Program
for Development District No. 1 and the proposed modification to the Tax ursuant
Increment Financing Plan for Tax Increment Financing District No. 1-1, p
to and in accordance with Minnesota Statutes, Sections 469.001 through
469.047 and Sections 469.174 through 469.179, inclusive, as amended;
NOW, THEREFORE BE IT RESOLVED by the Housing and Redevelopment
Authority Commission as follows:
1. The HRA hereby requests that the Council call for a public hearing on
April 24, 2001, to consider the proposed adoption of the modification to
the Development Program for Development District No. 1 and the
proposed modification to the Tax Increment Financing Plan for Tax
Increment Financing District No.1-1 (collectively, the "Modifications") and
cause notice of said public hearing to be given as required by law.
2. The HRA directs the Executive Director to transmit copies of the
Modifications to the Planning Commission of the city and requests the
Planning Commission's written opinion indicating whether the proposed
Modifications are in accordance with the Comprehensive Plan of the City,
prior to the date of the public hearing.
3. The Executive Director of the HRA is hereby directed to submit a copy of
the Modifications to the Council for its approval.
~,.,.,.
HRA RESOLUTION NO.
4. The HRA directs the Executive Director to transmit the Modifications to the
county and the school district in which Tax Increment Financing District
No. 1-1 is located not later than March 23, 2001.
Adopted this 13"' day of March, 2001.
Chair, Pat Meisel
Attest: Executive Director, Kandis Hanson
FIRST AMENDMENT
TO
CONTRACT FOR PRIVATE REDEVELOPMENT
THIS AGREEMENT, made and entered into as of the day of March, 2001, by
and between the HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF MOUND, MINNESOTA, a Minnesota public body corporate and politic (the "HRA"),
and METROPLAINS DEVELOPMENT LLC., a Minnesota limited liability company (the
"Redeveloper").
WITNESSETH:
WHEREAS, the parties hereto did on or about December 4, 2000 enter into an agreement
entitled, Contract for Private Redevelopment, (the "Contract"), calling for the redevelopment of
an area of land (the "Property") lying within the City of Mound; and
WHEREAS, events subsequent to the Contract have established that the land acquisition
costs and the costs of constructing the necessary Public Improvements to serve the project are
substantially greater than was then contemplated; and
WHEREAS, the parties desire to address such matters through certain amendments to the
Contract; and also to modify the form by which portions of the economic assistance will be
provided to the HRA;
NOW, THEREFORE, based upon the mutual covenants and undertakings hereinafter,
and in the Contract provided, the Contract is hereby amended by amending Section 5.1 thereof to
read as follows (New material underlined and deleted material stricken through):
Section 5.1 Not later than 60 days following the execution of this
Agreement, or by such later date as the parties shall agree to in writing, the parties
will reach agreement on the design elements, construction timing and financial
responsibility (which may include special assessment) for the following items:
1. Streetscape along Lynwood Boulevard and Commerce Boulevard.
2. County road traffic lane modification as required by Hennepin
County.
3. Parking bay along north side of Lynwood Boulevard
4. Park improvements for residential areas.
5. Streetscape enhancements and parking along Adler Road.
6. Pedestrian trails to be constructed and dedicated to the public.
7. Improvements and betterments to be constructed within the Outlots
to be conveyed to the public.
JBD-193986v1
MU 195-9
~ r
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed in their behalf by their authorized representatives on or as of the date first above
written.
HOUSING AND REDEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF
MOUND
By
Its Chair
By
Its Executive Director
STATE OF MINNESOTA
ss.:
COUNTY OF HENNEPIN
The foregoing instrument was acknowledged before me this day of March, 2001 by
Pat Meisel and Kandis M. Hanson, the Chair and Executive Director, respectively, of the
Housing and Redevelopment Authority in and for the City of Mound a public body corporate and
politic under the laws of Minnesota, on behalf of the Authority.
Notary Public
METROPLAINS DEVELOPMENT LLC
By:
Its:
STATE OF MINNESOTA
ss..
COUNTY OF HENNEPIN
The foregoing instrument was acknowledged before me this day of March, 2001
by the of MetroPlains Development LLC, a
Minnesota limited liability company, on behalf of the company.
Notary Public
JBD-193986v1
MU 195-9