2002-06-11~~~
AGENDA
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
JUNE 11, 2002
6:30 P.M.
1. OPEN MEETING
2. ACTION APPROVING AGENDA, WITH ANY AMENDMENTS
3. ACTION APPROVING MINUTES: MAY 2I, 2002 SPECIAL MTG 1-3
MAY 28, 2002 REGULAR MTG 4-5
JUNE 4, 2002 SPECIAL MTG 6
JUNE 6, 2002 SPECIAL MTG 7_g
4. HOUSING DIRECTOR'S REPORT, INCLUDING ANY REQUIRED 9-16
ACTION
5. ACTION ON DEVELOPER'S PROPOSAL REGARDING POST 17-22
OFFICE LAND
6. ACTION ON RESOLUTION APPOINTING DEVELOPERS FOR 23
DOWNTOWN MOUND REDEVELOPMENT
7. ADJOURN
• CITY OF MOUND.
HOUSING AND REDEVELOPMENT AUTHORITY
MAY 21, 2002
The. Housing and Redevelopment Authority of and for the City of Mound, Minnesota,
met in special session on Tuesday, May 21, 2002, at 7:00 p.m., or immediately following
the City Council meeting, in the council chambers of City Hall.
Members Present: Chairperson Pat Meisel, Commissioners Bob Brown, Mark Hanus,
David Osmek and Peter Meyer.
Others Present: Executive Director, Kandis Hanson; Finance Director, Gino Businaro;
Tom Stokes, Peter Johnson.
1. OPEN MEETING
Chairperson Meisel called the meeting to order at 9:50 p.m.
2. DISCUSSION /ACTION REGARDING MANAGEMENT AT INDIAN KNOLL
MANOR
MOTION by Brown, seconded by Osmek to accept the long term contract with VIP
Properties (at $1,650.00 per month) along with the attachments consisting of
resignations of Mel Robeck and Karon (Pinky) Charon. All voted in favor. Motion
carried.
• 3. DISCUSSION /ACTION ON DEVELOPER PROPOSALS FOR AUDITOR'S
ROAD DISTRICT, LAKE LANGDON DISTRICT AND LOST LAKE DISTRICT AS IT
RELATES TO REDEVELOPMENT IN DOWNTOWN MOUND
Chairperson Meisel stated that the purpose of this meeting is to narrow down the
developers and decide which ones the Commission wishes to interview at a later date.
She stated she has received determination from City Attorney John Dean regarding
possible perceived conflict of interest, where he stated she is able to discuss the
redevelopment as a whole, but if discussing developers only for the Langdon District,
she should withdraw from those discussions.
MOTION by Brown, seconded by Osmek to remove MSP Real Estate from the interview
prospect list. Those voting in favor: Brown, Hanus, Meisel and Osmek. Those voting
against: Meyer. Motion carried.
MOTION by Brown to accept Landform Hotel and retail for Auditor's Road. Motion died
for lack of a second.
MOTION by Osmek, seconded by Brown to remove United Properties from the
interview prospect list for the Langdon District. Those voting in favor: Brown, Hanus
and Osmek. Those voting against: Meyer. Chairperson Meisel abstained from voting.
•
-1-
Mound HRA Minutes- May 21, 2002
•
MOTION by Brown, seconded by Hanus, to remove HFW from the interview prospect
list. Osmek stated that he likes their concept, and they are willing to put in commercial
along Auditor's Road. Brown stated that he is opposed because of the phasing-in
concept of the commercial after the residential portion is completed, which is similar to
what Gramercy was proposing. Those voting in favor: Brown and Hanus. Those voting
against: Osmek and Meyer. Chairperson Meisel abstained from voting. Motion failed.
MOTION 6y Hanus, seconded by Osmek to remove Peter Johnson from the interview
prospect list, and encourage him to partner with another developer to include his small
development. Meyer stated he did not want to vote out a local business before getting
into the concept stage. Those voting in favor: Brown and Hanus. Those voting
against: Osmek and Meyer. Chairperson Meisel abstained from voting. Motion failed..
MOTION by Meyer, seconded by Osmek to remove MetroPlains from the interview
prospect list. Those voting in favor: Meyer. Those voting against: Hanus, Brown and
Osmek. Chairperson Meisel abstained from voting. Motion failed.
MOTION by Meyer, seconded by Brown to remove Landform from the interview process
for the Langdon District. Those voting in favor: Meyer. Those voting against: Brown,
Hanus and Osmek. Chairperson Meisel abstained from voting. Motion failed.
MOTION by Brown, seconded by Osmek to remove SCI from the interview process. •
Those voting in favor: Brown, Hanus and Osmek. Those voting against: Meyer.
Chairperson Meisel abstained from voting. Motion carried.
MOTION by Brown, seconded by Meyer to remove Mahogany Bay (Lost Lake) from the
interview process. Those voting in favor: Brown. Those voting against: Hanes,
Osmek, Meyer and Meisel. Motion failed.
Meisel stated that HFW, Landform, Peter Johnson, JCS Development, MetroPlains and
Mahogany Bay will be interviewed. Eliminated were MSP and United Properties, and
SCI.
Meyer commented that for the record that he is very troubled that eight motions were
made and Meisel abstained from six of them. He is troubled that the Mayor has such an
interest that she can't vote on six of the items. He stated that it is legal and that the
attorney has stated it is all right for her to vote. When one person steps down from the
Council, it only leaves 4/5 and troubles the citizen side of him. There is no leadership
shown to the community when she can't vote on 3/4 of the motions.
Kandis asked if interview dates should be set. Hanes stated that more needs to be
done at this time.
•
-2-
' Mound HRA Minutes -May 21, 2002
• MOTION by Brown, seconded by Hanus to remove HFW from the interview process.
Those voting in favor: Brown and Hanus. Those voting against: Osmek and Meyer.
Chairperson Meisel abstained from voting. Motion failed.
MOTION by Brown, seconded by Osmek to reconsider HFW. All voted in favor. Motion
carried.
MOTION by Osmek, seconded by Hanus to remove HFW from the interview process.
Those voting in favor: Brown, Hanus and Osmek. Those voting against: Meyer.
Chairperson Meisel abstained from voting. Motion carried.
Special meetings were set for June 4th for Lake Langdon at 6:30 p.m. and on June 6th
for the others areas, at 6:30 p.m., with the task of these meetings to narrow down and
select developers for submittal of concept plans for July. The target date for approval of
a developer is July 23.
MOTION by Hanus, seconded by Meyer to adjourn at 11:10 p.m. All voted in favor.
Motion carried.
.,
Chairperson Pat IVleisel
Attest: Executive Director, Kandis Hanson
•
-3-
CITY OF MOUND •
HOUSING AND REDEVELOPMENT AUTHORITY
MAY 28, 2002
The Housing and Redevelopment Authority of and for the City of Mound, Minnesota,
met in regular session on Tuesday, May 28, 2002, at 6:30 p.m. in the council chambers
of City Hall.
Members present: Chairperson Pat Meisel, Commissioners Mark Hanus and Peter
Meyer. Commissioners Osmek and Brown's arrivals are noted during the meeting.
Others Present: City Clerk, Bonnie Ritter; Community Development Director, Sarah
Smith; Finance Director, Gino Businaro; Jim Prosser of Ehlers & Associates; and Jeff
Anderson from the Public Safety Facility Committee.
1. OPEN .MEETING
Chairperson Meisel called the meeting to order at 6:43 p.m.
2. APPROVE AGENDA
MOTION by Hanus, seconded by Meyer to approve the agenda as presented. All voted
in favor. Motion carried.
3. APPROVE MINUTES •
MOTION by Hanus, seconded by Meyer to approve the minutes of the May 14, 2002
regular meeting. All voted in favor. Motion carved.
4. RESOLUTION INITIATING PROCESS FOR ADOPTION OF REDEVELOPMENT
PLAN
MOTION by Meyer, seconded by Hanus to adopt the following resolution. All voted in
favor. Motion carried.
RESOLUTION NO. 02-03H: RESOLUTION INITIATING PROCESS FOR ADOPTION
OF REDEVELOPMENT PLAN
5. RESOLUTION PROVIDING FOR THE SALE OF
Jim Prosser reviewed the resolution, which is the item forecasting the sale of bonds
related to the Public Safety Facility, with actual authorization of bond sale to take place
on June 25. Prosser gave an update on the pre-sale report. He gave details to
answer the question of how a $5 million dollar building warrants a $6,860,000 bond
offering.
* Commissioner Osmek arrived at this point in the meeting.
-4-
Mound HRA Minutes -May 28, 2002
•
Discussion followed regarding the necessity to stay within budget on this building, and
the fear that if the money is bonded for, it will be spent.
* Commissioner Brown arrived at this point in the meeting.
MOTION by Hanus, seconded by Osmek to adopt the following resolution. All voted in
favor. Motion carried.
RESOLUTION NO. 02-04H: RESOLUTION PROVIDING FOR THE SALE OF
$6,860,000 PUBLIC SAFETY BUILDING LEASE
REVENUE BONDS, SERIES 2002
MOTION by Hanus, seconded by Brown to direct Jim Prosser to prepare a budget for
the Public Safety Facility Project that includes a $500,000 reserve to be used at the
discretion of the HRA. Meyer stated that he disagrees with this because it shows a lack
of trust in the building committee. Those voting in favor: Brown, Hanus, Meisel and
Osmek. Those voting against: Meyer. Motion carried.
6. ADJOURN
MOTION by Meyer, seconded by Hanus to adjourn the meeting at 7:50 p.m. All voted
• in favor. Motion carried.
Chairperson Pat Meisel
Attest: Bonnie Ritter, City Clerk
•
2
-5-
CITY OF MOUND
HOUSING AND REDEVELOPMENT AUTHORITY
JUNE 4, 2002
The Housing and Redevelopment Authority of and for the City of Mound, Minnesota,
met in special session on Tuesday, June 4, 2002, at 6:30 p.m. in the council chambers
of City Hall.
Members Present: Commissioners Bob Brown, Mark Hanus, David Osmek and Peter
Meyer.
Members Absent: Chairperson Pat Meisel.
Others Present: Executive Director, Kandis Hanson; Community Development Director,
Sarah Smith; Larry Olson and Peter Johnson.
1. OPEN MEETING
Acting Chair Hanus opened the meeting at 6:30 p.m.
2. DEVELOPER INTERVIEWS
The purpose of this special meeting is to interview candidates to serve as the
developers for the Mound Redevelopment Districts. Hanus indicated that MetroPlains is
the first firm to be interviewed.
Lar Olson of MetroPlains introduced himself and resented his com an 's ro osal •
rY p p Y p P
for the redevelopment of the Langdon District. Hanus clarified that MetroPlains is not
submitting a proposal for the Auditors Road or Lost Lake areas.
Peter Johnson presented his proposal for his commercial site at 2305 Commerce Blvd,
in the Langdon District.
3. ADJOURN
MOTION by Brown, seconded by Osmek to adjourn the meeting. All voted in favor.
Motion carried.
Acting Chair, Mark Hanus
Attest: Executive Director, Kandis Hanson
•
-6-
• CITY OF MOUND
HOUSING AND REDEVELOPMENT AUTHORITY
JUNE 6, 2002
The Housing and Redevelopment Authority of and for the City of Mound, Minnesota,
met in special session on June 6, 2002, at 6:30 p.m. in the council chambers of City
Hall.
Members Present: Chairperson Pat Meisel; Commissioners Bob Brown, Mark Hanus,
David Osmek and Peter Meyer.
Others Present: Executive Director, Kandis Hanson; Community Development Director,
Sarah Smith; Susan and Rick Bloomquist, Truman Howell, John Seivert, Amy Hurd,
Todd Warner, Jim Barggren, ,Glenn Hurd, Eric Hesse, Dave Sellengren, Tery Swor,
Bob Kaiser, Russ Fatness, Tom Stokes, Chuck Alcon, Tom Backstrem, Jeffrey
Gustafson, Bob Skersten, Hoyt Hsiao, Michael Buelow, Carolyn Krall.
1. OPEN MEETING
Chairperson Meisel opened the meeting at 6:30 p.m.
2. DEVELOPER INTERVIEWS
A. JCS Development
• Rick Bloomquist introduced himself and other members of his team. He presented his
concept for an upscale hotel/hospitality complex for the Lost lake District, and his team
answered questions from the commission.
B. Warner Hurd Barggren Development Group
Jim Barggren and Todd Warner introduced their plans for the Lost Lake District, and
answered questions.
C. Landform
Tom Stokes made introductions and explained the various components of their
development proposal for the three districts. Carolyn Krall gave details of the proposed
projects. Members of the commission asked questions and discussion followed.
3. DISCUSSION/ACTION ON DEVELOPERS
Discussion followed regarding pros and cons of the proposals presented.
MOTION by Hanus to direct staff to prepare a resolution authorizing Landform to serve
as the principal developer for the Lake Langdon, Auditors road and Lost Lake Districts.
Meyer seconded the motion and discussion followed. The following voted in favor:
Brown, Hanus, Meisel and Osmek. The following voted against: Meyer. Motion
carried.
•
-7-
4. ADJOURN •
MOTION by Osmek, seconded by Brown to adjourn at 10:38 p.m. All voted in favor.
Motion carried.
Chairperson Pat Meisel
Attest: Executive Director, Kandis Hanson
-8-
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
MEETING AGENDA
TUESDAY, JUNE 11, 2002
May bills to be paid
~ General update of operations
• Roof condition assessment and bids
* ''Bank Statements
•
-9-
MOUND HOUSING AND REDEVELOPMENT AUTHORITY
INDIAN KNOLL MANOR
June-02 •
# CHECK NO VENDOR/MERCHANT AMOUNT
1 4869 ADAMS PEST $56.31
2 4870 ARNST, DOUG $50.00
3 4871 B SYLVESTER $57.50
4 4872 BFI $331.02
5 4873 C NABER & ASSC $95.00
6 4874 CITY OF MOUND $947.77
7 4875 C & H BUSINESS FURNITURE $214.08
8 4876 FRONTIER COMMUNICATION $229.04
9 4877 IOS $109.37
10 4878 LIGHTYEAR $1.76
11 4879 MPLS HOUSING $30.39
12 4880 MSI $222.00
13 4881 MOUND TRUE VALUE $163.19
14 4882 RELIANT ENERGY $297.00
15 4883 ROOTOMATIC $202.50
16 4884 VIP PROPERTIES $1,250.00
17 4885 VIP MAINTENANCE $629.56
18 4886 XCEL ENERGY $868.07
19 4887 FARRIER, DONNALEY $812.68
$6,567.24 O
•
-10-
Indian Knoll Manor
• Mound HRA Meeting
Tuesday, June 11, 2002
General Operations
The residents who visit with Christel continue to seem happy and
somewhat relieved that the on-site staffing has changed.
We are continuing the review of the resident files now with a more
concentrated effort to ensure all certifications are complete. All of the
residents need to be re-certified.
We have not heard anything about the Melvin Robecks' back injury
since we reported to you about it at the last meeting.
We are now commencing a unit inspection to check on bathroom and
kitchen plumbing repair and other work claimed by Melvin to have
• been completed. There are 13 units that he reported require some
maintenance.
We will be refurbishing unit # 102 to prepare it for rental. It has been
used for parts and miscellaneous storage for quite a long period of
time.
We are working on getting the three bids sent to us for the work that
needs to be done on the roof. All three contractors have been out to
the property and have a very good idea about what needs to be done.
When we receive the bids, we will forward them to you for review
and discussion.
There is currently one vacant unit. There is also the caretakers unit
that needs to be remodeled and rented. It is the only two-bedroom
unit at the property. We have not received any notices to vacate.
We have hired a lawn maintenance service to take care of the yard.
He will also be getting the garden plot prepared for the residents that
• we mentioned they had requested at the last meeting.
-11-
MARQUETTE BANK, N.A. . .Marquette
MOUND(,OFF~ICE ~. BartA Pa5e31-02
P O BOA 10 O O MEMBER FDIC
MINNEAPOLIS MN 55480-1000 3353.0 ~.
www.marquette.com~ 8 - 115
31 HOUSING & REDEVELOPMENT AUTHORITY
SPECIAL ACCOUNT
2020 COMMERCE BLVD
MOUND MN 55364-1575
695 lililulil~ull~illuil~ilnill~lil~luilil~l~l~~nl~lnn~lll
Account Number 33530 SMALL BUSINESS CHECKING-INT
Account Activity prom 4-3Q-02 #0 5-31-02
Number of Items
Previous Balance 92,869.66
+ Deposits 3 11,320.10
+ Electronic Deposits - 1` 5,380.00
Other Deposits/credits. I, 8.51 ',
- Electronic Withdrawals ,, .00"
- Other WithdrawalsYDebits .Od
- Checks Paid '28
~ 17;096.30
Current Balance `:,. 92:,'4$1.97
Interest Summary `,
Interest Earned From 4/30/02 to - 5/31/02
Days in Period 31
Interest Earned' ~ 8.51
Annual 'Percentage Yield Earned .,10
Interest Paid. this Year - 125.80.
Interest Withheld this Year- .00
Deposits
Date.- Aescrption - Amount'
5--06 CUSTOMER DEPOSIT 9.9:43.:00.
5-06 CUSTOMER DEPOSIT. 512.00 ,
5-13 CUSTOMER DEPOSIT 86'5.1'0
Total. Deposits 3 11,320:`10
EZectronic Credit/Deposit .Activity
Date Description Amount
5-01 HUD TREAS 30,3 MISC PAY,` 5380.00
Total Electronic CreditsiDeposits 1 5,380.00
Continued on NeXt Page
- ~ 2
...SL HOL$Wu
MARQUETTE BANK, N.A.
MOUND OFFICE.
PO BOX 1.000
' MINNTAPOLIS MN 55480-1000
www.marquette.com
•
696
Marquette
~-,~ Bank Page 2
~ MEMBER FDIC 5 - 31 - 0 2
33530
8 - 115
31 HOUSING & REDEVELOPMENT AUTHORITY
SPECIAL ACCOUNT
2020 COMMERCE BLVD
MOUND MN`55364-1575
I~I~I~~I~I~~~Ii~~ll~~~i~~l~~~if.IJ~I~~~I~1~1~1~1~~1~1~~~~~111
Other Deposit/Credit Activity
Amount
Date Descrsption
5-31 INTEREST PAYMENT 8.51
Total Other Bepasits~Credits - 1 S.5I
Checks Paid
No.
Date
Amount
No.
Date
Amount
4839 5-24 3.63.':90 4855 5-22 1.250:.00
4840 5-22 5.7.5.0 4856 5-23 22.57
4841' 5-22 95.00 4857 5-20 1388.35
4842 5-20 1421.10 4858 5-31 229.49
4843 5-23 101.'71 4860* 5-15 - 1879.17
-4844 5-14 1491.45 4861 5-15 2139.09
4845 5-28 304.97 4862. 5-16 254.89
.
,4846 5-21 109.37 4863 5-16 1072.8.6.
..
4848* 5-20 151.97 4864 5-16 80.00
4849 5-21 195.29 4865 5-16 604.00
4851* 5-21 '234.58 486.6 5-29 838.57
i 48
52 5-20 825.98 4867 S-`29 ?61.98.,
"
.
4853 5-17 500.00 * 5-.21 "
27...78
4854 5-20 _ 195.64 * 5-2T 509.09
Total Checks Paid ~ 28` 17,096,30
* break in numeric sequence
~
Daiiyy Balance Summary ~
15ate Balance Date Balance Date Balance
4-30 92869.66 5-01 -.9824.9.66 5-06 108704.66
5-13 109569.76 5-14 10.8078.31 5-15 104060:05
5-16 102048:.30 5-17 101548.30 5-20 97565.26
5-21 96499.15 5-22 95096.65 5-23 94972.37
.
5-24 94608.47 5-28 943D3,5.0 5-29 5
92.702.9
5-31 92481.97
;..
~
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- NG
~ 3 -
lUAL HOUSI
-, - •
Page 1 of 3 1.,201
WELLS FARGO BANK-MINNESOTA, N.A, 'Account Number: 042-0023739
IDS CENTER OFFICE ~ Statement Start Date: 04/26102
POST OFFICE 80X 8 594' ' Statement End Dafe: 05128/02
MINNEAPOLIS, MN 55479
_'.
HOUSING AND DEVELOPMENT'AUTHORITY
OF MOUND, `,
2:020."COMMERCE BLVD
,~MOUND~:MN 55364
if you. have any questions about this statement or your accounts, calf: 800-225-5935 (9-800-CALL-WELLS)..
Your Accounts at a Glance
Be inning Deposits/ Withdrawals/ Ending
Account Balance Credits Debits Balance
Type
930.89 0.07 - 7.00 923.96
Basic Business Checking With lnferest
042-0023139 ,
News from Wetls Fargo - ,
WE'VE BEEN HELPING SMALL BUSINESS'CUSTOMERS LIKE YOU'SUCCEED. TO THANK'-
FOR 150 YEARS,
YOU, WE ARE RESERVJNG SPECIAL OFFERS FOR SMALL BUSINESS CUSTOMERS. TO CLAIM YOUR
OFFER, CALL ?-800-359-3557, EXT. 556 OR STOP BY ANY WELLS FARGO LOCATION.
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BENEFITS TO YOUR EMPLOYEES WITHOUT ADDITIONAL COST TO YOU. FOR MORE fNFORMATION
VISIT WWW.WELLSFARGOSPECIAL.COM AND ENTER KEYWORD: MEMBERSHIP BANKING.
Basic Business Checking. With Jnterest 042-0023739
930.89
- Apr 25 Beginning Balance _
923.96
May 28 Ending Balance
Deposits and Credits --------------
Amount
Dafe Transaction Detail
0.07 '
May 28 Interest Payment -
Withdrawals and Debits -------------------''---
Amount
Dafe Transaction Detail - `.
- 2.00
May 28 Checks Returned Wifh Statement Fee -_ 5,00
May 28 Monthly Service Fee ,
w__
Daily Balance Summary ------------------------"-- -~-
Balance Dafe Balance
i Dafe 923.96,-
Apr 25 930.89 May 28
930.89 - .
Average. Collected Balance $
ed on next page.
inu
t
Con
'~
-14-
. ~ .
.. - Page 1of2 .1 -1t1
WELLS FARGO BANK MINNESOTA, N.A. Accounf Number: 042=0023739
JDS CENTER OFFICE -' = Statement Start Date: 03128/02
• POST OFFICE BOX B -514 Statement End Date: 04/25J02
MINNEAPOLIS, M1V 55479
HOUSING AND DEVELQPMENT AUTHORITY
OF MOUND ,
2020 COMMERCE BLVD _.
MOUND MN 55364 _ _ . -°
!f you have any questions about. this statement or your accounts, call: 800-225-.5935 (1-800-CALL-WELLS). .
Your Accounts at a Glance ~ -
Beginning Deposits/ Withdrawals/ - - Ending
Account Balance Credits ' -Debits Balance
Type
.0.07 - 2.00 :930.89
Basic Business Checking With Interest 932.82
042-0023739 =.::
News from Wells Fargo
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THE' WELLS FARGO ESTORE SERVICE.PROYIDES EVERYTHING YOU NEED TO BUILD YOUR WEB SITE,
.SELL YOUR PRODUCTS OR SERVICES ONLINE, OR UPGRADE YOUR'ONLINE PAYMENT PROCESSING.
FOR DETAILS, V1S17 WELLSFARGO.COM/BIZ/ESTORE9 OR CALL 1-800-359-3557 EXT. 550 AND MENTION
• •ESfiORE9". _
Basic Business Checking With ]merest 042-0023739 : - -
= 932.82
Mar 27 Beginning Balance
:930 89 : ~ .
Apr 25 Ending Balance - ''
Deposits and Credits ---------------------- ----
~;
- Amount `:`
Date Transaction Detai!
' ':~ .: :~ -0.07 ,: y~
Apr 25 Interest payment =
Withdrawals and Debits ----------=----------- -
Date Transaction Detail Amounf
`. _ 2.00. ;~_Y;
Apr 25 Checks Returned With Statement Fee '.
Daily Balance Summar ----------------- -------- ------ ------- --------
y ------------- -
Balance. Date ', Balance .-"
Date
.Mar 27 w 932.82 Apr 25 °- - . 930.89 : ~ -
Average Collected Balance- $ 932.82
Interest Summar - ----- --------------------------
y --- ------------------ -
o.os io
Annua! Percentage Yield Earned This Period 0.07
• Interest Earned uring This Period 0,76.
Year to Date Interest and Bonuses Paid
Continued on next page
_15_
-16-
•
MEMORANDUM
6/5/02
To: HRA Commissioners
From: John Dean
Subject: Dietrich Proposal.
By letter dated May 29, 2002 to Kandis Hanson, Rod Dietrich, the developer of the new
Post Office, has proposed a revision in the land sale transaction. The revision reduced to its
essential terms is that Mr. Dietrich would forego the tax increment available to him (approximately
$192,000 plus interest), and in return the HRA would reduce the purchase price from $272,000 to
$150,000. (A $122,000 reduction).
Tax increment generated by the post office development that is not used by Dietrich is
available for other qualifying uses in the district. This could include reimbursement for land costs
previously incurred by the HRA.
The proposal seems favorable to the HRA from an economic standpoint. Based on a present
value analysis, the net benefit to the HRA would be $70,000. This benefit must be put into
prospective however; because the benefit is the present value of a stream of payments, and would
not be available all at once. Present calculations place the stream of payments, based on taxes paid,
at approximately $300,000 to $400,000. It is unlikely that that amount would be less, and it is very
possible that the amount would actually increase over time resulting in a higher present value.
If the HRA wishes to consider Mr. Dietrich's proposal, I would suggest that three things be
done that would reduce the risk that the stream of payments would be less than expected. The first
would be to have an assessment agreement with Dietrich. The purpose of the agreement is to
stipulate to a minimum market value for the life of the district. This is similar to the agreement with
Mound Family Hardware. The second idea would be to have Dietrich enter into a deficiency
agreement with the HRA. Under such an agreement, if the TIF generated from the development is
ever less than that what is needed to amortize the $122,000 then Dietrich would have to make it up
as a personal obligation. Third, the HRA should confirm that the building plans do include the
enhancements that prompted the City and the HRA consider assistance in the first place.
This item has been placed on the HRA agenda for June 11, 2002. I will be available at the
meeting to answer any questions you might have.
•
JBD-215778v1
MU195-8
-17-
•
Dietrich Investment
1427 Cherry, New .Ulm, MN. 56073
Phone 507-354-5253, fax 507-354-2377
E-mail l ragman@newulmtel. net
May 29,2002
Ms. Kandis Hanson
City Manager
Mound Mn.
Dear Ms. Hanson,
I have been trying to incorporate Mound's TIFF program with the federal post office
lease requirements on the building I am attempting to construct. I have a solution that
may be beneficial to both parties.
The city of Mound is asking me to make alterations on the proposed building, estimated
by Ayres and Associates, architects, to cost about $197,683.70, and my contractor
estimates the work to cost $204,546.70. For this the TIFF program would reimburse me,
as I understand it, between $13,000 and $17,000 for 23 yeazs, totaling between
$300,000 and $399,000.
I propose : 1. I would not participate in the TIFF. program, and construct the post
Office as it is designed at my cost.
2. Pay all real estate taxes as billed to me annually.
3. The City of Mound would reduce the cost of the land from $272,000 to
$ 150,000.
This would give the City of Mound a post office designed the way they would like it at
savings nearing $100,000 and would save itself hundreds of thousand in TIFF payments
over atwenty-three yeaz period.. Please give this consideration. Time is of the
essence, could I call you Friday morning on your thoughts.
Thank you for~yfour consideration.
Sincerely,
Rod Dietrich
CC. John Dean
James Prosser
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ASSOCIATES
.,, TRLiCTION COST ESTIMATE
Project: MOUND MN MAIN POST OFFICE... ProJectft 08-0815.00
Document:, General. Construction
Basis. for Estimate: Standard. Design,. plus. exterior/site. enhancements
Prepared. by:.. GG, SH; Checked by:. BFL
January. 29,. 2001
~,~Fr-
BASE ENHANCEMENT
Description Quan ti Cost Quant Cost
Number Unit Per Unit Total Number Unit Per. Unit Total
SITE. CLEARING 32000 SF .........0.17 ......5,440.00
FOOTINGS/FOUNDATIONS 610 LF ......45,30 ....27633.00
EXCAVATiON/BACKFILL 1338 CY ..........1.57 .......2,100.66
' EXCESS SOIL REMOVAL 4000 CY ......2.10 . _.8,400.00
DECORATIVE WOOD FENCE 126 LF 7.45 938.70
SPLIT FACE CMU.RETAINING.WALL-.Av ,. 4'.Hi h 504 LF .....89.50 ..45,108.00
EXTERIOR. CONCRETE. STAIR 40 LF/N .....22.50 900.00
CONCRETE. HANDICAP. ACCESS. RAMP 6D LF .310.00 ..18,600.00
SLAB.ON.GRADE 7885 SF 3,27 25 783.95
WOOD. STUD. WALLS 460 LF ..........42.30 .....19 458.00
WOOD ROOF TRUSSES 7885 SF 4.40 .....34,694.00
SHEATHING/ROOFING - As halt Shingles 8360 5F .. 3.20 .....26,752.00
SHEATHING/ROOFING.-Standin .Seam.Metal 6360 SF .14.00 117040.00
SHEATHING/ROOFING COST DIFFERENCE 90.288 00
FACE. BRICK-standard. Plan 5620 SF 9,45 .53,109.00
FACE. BRICK MINUS. BULKHEAD.AREA 4640 SF .9.45 .43,848.00
FACE BRICK COST DIFFERENCE 9 261 00)
FIELDSTONE BULKHEAD 980 SF ....22.00 .21,560.00
LIMESTONE LINTEL AND. SILL 846 LF 25.00 ..21,150.00
ALUMINUM. ENTRANCES 5 each ....3,800.00 ....19,000.00
DOORS AND HM FRAMES 15 each 900.00 13,500.00
ALUMINUM. WINDOWS 18 each varies ...13,800.00
INSULATION 13000 SF .......,...1.10 .... 14,300.00
WOOD STUD/OPDW PARTITIONS 298 LF 37.40 ... 11,145.20
PAINT 18960 5F 0.30 ....5,688.00
FLOOR. FINISH 6500 5F varies 12,500,00
ACOUSTIC.CEILING 6724 SF 3.50 23,534.00
SECURITY CEILING 1520 SF 2.10 _3,192.00
PLUMBING. FIXTURES 10 each 820.00 8,200.00
PLUMBING 7885 SF 2.33 .18 372.05
HEATING/COOLING .7885 SF 10.69 84290.65
ELECTRICAL POWER 7885 SF 6.22 .49,044.70
ELECTRICAL LIGHTING 7885 SF ....4.90 .. 38 fi36.50
SECURITY GRILLE 1 each ..],500.00 ..1 500.00
TOILET PARTITIONS/ACCESSORIES 2 each .....2,000.00 ..4,000.00
ROADS/PARKING 34900 SF 1,80 62 820.00
LANDSCAPING 12170 SF varies 45,000.00
OVERHEAD DOORS/DOCK LEVELERS/RAMP 2 each varies _ 7 070.00
FLAGPOLE 1 each .....3,500.00 3,500.00
___ STANDARD,EXTERIOR. SIGNAGE.USPS.TOPROVIDECOST
j ` CUSTOM. EXTERIOR SIGNAGE ...LISPS TO PROVIDE COST
r 51GNAGE COST. DIFFERENCE LISPS. TO. PROVIDE COST
Total. Base. Items 634 063.71
Total Enhancement Items 197,683.70
Subtotal 831,747.41
Contin enc 5°,G 41 587.37
Overhead.6 Profit 15°~ 124,762.11
Tota! 998,096.89
Engineers/ArchiledcJScienhsis/Photogrammetrists
3433 Oakwootl Hills Parkway. P.O. Box 1590, Eau Gaira, WI 54702-1590, (715) 83 _ ~ (~ _,X (715) 831.7500
J: Uvvt~uapamoundcosts~t~ .xi°
0&0815.00
Page 1 of 1
DEC, 26. 2001 12.22PM FRIERS & ASSOCIfiTES NQ. 4731 P, 13
73196/01 ~ Pt9a1o12
cirv o~ ~aouHO - Poar o~r~ca any
cwa+ mow
i t~ w9lopnarc IalNrl
In6Mbn Rah. D,DD40'ri
PIyA1.YarGo Inleroti Rica: 5,60001<.
DlaUlal DOGS NOT pay waoat OtapanUai 23.78459
Tax Exwnfbn Rau ~ Glm9nt L~46 Pq 2003
Tint ExNA#IOfI RBti ~ Ff01'eft 1,65160 Ppy8000
Tiu Dtt9ntton Rab Aroli with 1,i6W7 Fynn6pN ~arrtnly
YtMb N t~OtMrMM 4~
AaWMp Ieif81 T9K Inorinlom 7004
A88un194 L981 Tart 1Mt9m9111 2G7a6
Conxtatdtd Ittduaaial RiIN 1.5% • 2A9i
t ~
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/ First 150,000
Owr 160,000 1.li00(!96
p,00D0y6
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\, ~ ooruttttoaon txthedula, and tnAnuan an madtat Va1U6, IMfalbn tm tax nt9a
~ aannmbe rapwroa.
Ctrfi4td 9g01i000
141Or!EN TAl[ CrtPACITY
a at9
D Mrelest Value CIri0i8ealbn MaArat YalYe Tex Ra>• Tax Pa
1 ,6a} t alro 1 1.8 001
11717-2M73.DOi6 IaA00 CI d1~600 1.6yL.S.O 4000
59i • Y. ~ 2004
(~tx« f><MeYtil RLit • ARaA vrroa RNT! l.0Oft7 A,a7Y 7,107 WT
~Tet Exttntbn Rau • STATE £D RATE 0,00000 16,360 11,660 BST
7aat Bslrisirn Rata - TOTAL CITY RATS, 1.12490 14A71 17,668 E3T
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DEC, 26, 2C01 12.22PiV1 EH~ERS & ASSOC?AYES
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TAXINCWE NTOASHR4t>IY
jet11 CEfpturid eml-Acuflte Hdlnkt, SOmI•Mnr DATE
Pi1F710D ilEG5.r9NG Tax Tfaf Tell ~rofw Tax Audlbr at NelTaff PERIOD ENDING
Y M Yr, btoremant D54% 7 IftE I Yta h6
a.D D3-07 2,274 aa74 0,0 01-0t 2axx
a.a o6D7 2a~ z,xT< xa74 oa ox-07 zoos
o.o ox-o1 aoob $,374 x374 0 a D o 0 o.D abD, 2008
o,0 00471 2008 x274 x274 0 0 0 0 o ao G2-01 1004
OA 07-0t 0004 2ZP4 '18,260 7&876 10.3D4 (52) (1A74} 9.308 0.6 OB-01 2004
O.B 08-01 2004 $.$Y4 70,260 16.978 10,3!4 (6x} (1,03+) 8,908 7.0 0x•01 P008
1A 02.01 2006 2374 19.200 1!,976 10,9D4 i!a) {1,084) 9,908 1,8 0601 8008
1.s oe•D1 Zoos a,a74 19,26x i6,D7e 70,614 (68) (1,os4y 6,909 ao oa.o1 2ooe
2.0 Ox-0t LQO6 .8,27E iD280 18,076 10,944 {63) (1,004) 0,309 25 0801 2D06
2,6 00.01 9008 2,274 19,250 16,576 iQ9D4 {axJ (1,0741 0,9D6 SA Ox{n x007
8A Da•Dt 2007 2$74 1D,x60 te,H7B 10,384 IAi) (1,034} 9,800 0.5 01'0'1 x007
9b Otl•01 2007 2,874 19,280 1QD75 1Q814 (88} {1,08x) 9,001 4.0 0x-01 2D08
4A OL•b1 @009 P,274 1D280 18,478 10,8Da 182) (i~0A4) 0,706 6.8 08.07 200D
4,6 00-0i 20176 2,27+ 19,260 18,476 10.3D4 (52} (1,Oy0) 9.900 9,0 t77r01 2008
6A 02At 2000 2,27'4 14,250 14976 iD,994 {5x} (i.D64) 0,906 &6 OF07 2000
65 0&01 2009 2,274 1x,260 14D7e 10,3D4 (~} (1,03+) 1,908 1~0 02.01 aD10
BA ~-01 2010 2,274 t4,23a 1tl.OT6 10,894 (B2J (1,004} 9,808 0.6 08.01 2010
03 176x1 xoto 2,274 14,300 1aD70 t0,8D4 (62} (7,094} 0,909 7,0 0,7.61 2011
7A 02-01 x011 2,274 19,@50 18,0'78 10,804 (62) (1,094) 0,908 7.6 06-01 2051
7S 0&01 2011 2,774 14,Q$x 16,876 10,904 (Sa) (1,034) 0,906 8A 0x•01 2612
IA 02.01 2011 2,274 14,2b0 16,075 10,394 (S2) (1.634) 0,306 f.6 O6.Ot 2612
B.5 0607 2012 2.274 16,250 18,!76 10,364 (tlx) (1,084) 6,609 4,0 OS-01 2018
AA 02.01 L018 2,274 10,256 16,978 10,864 (6x) 1,084) 0.206 D.6 06.07 2013
9,9 0801 x0!3 2.270 18,LS0 1&876 1C,9D4 (821 (1,074) 6.3x8 10.0 01-01 4014
10.0 OZ•01 x014 "4,x74 10,x60 18.076 10,994 (fix) (1.094) 9,808 10.8 pp.01 2614
70,1 08.01 9014 2274 10,x86 16,978 10,x64 (82) (1A84} 0.308 17.0 02-01 2019
11.0 02-01 L415 22Ta 19356 10.876 10,394 {6x1 {7,x04) lA08 17.8 O6.Ot ZDtS
11,a 06x7 9015 2,374 1e.26o 76,976 16,764 (61) 11,074} 9,706 ia.a 01.07 1618
15A 02-01 2x18 2274 10x60 1tl.076 10.364 (!2) (t,07d} 0,908 12.5 Otl-07 9LIttl
126 0&91 2x16 a,E74 19256 16,976 10,394 iffi} (1.094) 9.3x4 5x.0 0x-01 2017
12,0 02-01 2017 x,aT4 19,260 10,976 f0,9Da (52) (1,47'4} 9,908 18.6 0601 2017
19.5 06.01 @017 2,1,74 19290 18,970 10,094 (b5} {1,0;94) 0,9x9 14,0 04.01 9019
14.0 08•x1 L016 8,574 ID260 16,0713 10,864 (52} (1,094} 9,3x1 74.9 0601 '~18
14.6 6601 2078 8,274 16,480 16,978 10,364 (52) (1,034) 9,806 18A 02.01 2019
19.0 aa•D1 QD19 2,274 19,250 18,!76 10,184 (axJ (1,084) 9,606 78.0 0601 20(9
ig.5 Dr}Dt 2618 2,474 14250 18,976 10.394 {SPa (1,034) 8,861 76.0 02.01 20x0
16,0 02.41 2020 2,874 19,x60 18,976 10,904 (62) (1,xe4) 9,808 16.6 OB-01 X20
18,E 06.01 2024 2,274 19,260 18.876 10394 (BZ) {1,434) 9x708 n.D 0x-01 11027
17.0 0?01 x021 $L74 10,960 16.078 10,944 {52) 11,094) 9,808 17,0 0!•01 2651
17,8 0&01 3021 2,274 14,x60 18,076 16,9Dd (92) (1,034) 4,806 71.6 o&D1 2622
19.0 O~Di x023 2,274 19,254 16,876 10,754 (B2) (1,034) 9,806 1e.s 0601 2022
19.9 0661 2022 2,274 Ia,2B0 I8,lT6 10,394 (S2) (1,084) 9,806 10.0 0x-01 ~E3
1e.D 92.01 x079 x,274 !x,160 19,976 1D,aDa {62) 11,074) o,1tu6 79.6 09-07 9osa
IA,S O60t 8048 x,274 19,280 18,076 10,9Da (ba) 11,034) 0,908 40.0 f74•pt 7763a
90,0 02.01 20x4 2,974 t0,290 16,076 10.704 (52} (1,084) 8,806 20.6 0601 2024
20.6 46.01 aa94 2.274 10.254 16,0'76 10,364 (S2) (1,074) 9,006 @f.0 f77b01 PDPS
21,0 02.01 2025 2,294 19350 16,076 10.994 {6E) (1;084) 9,309 21.9 06.01 x626 1
21.5 05.01 2029 2,274 19250 18.978 10.394 (82) 11.074} 0,906 12.0 0201 2096 1
22.0 -01 8056 2 274 14 960 1 78 14 994 9
,~ S 40 541 41
29.0 P foHl Y k10 18x 4 tl 170, 8
( 23.5
P,afrrod by Ehbea annlaMt2E.01iq~
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Cost Projections, Mound TIFF District
•
Excess soil removal $ 8,400.00
Decorative wood fence 935.70
Split face retaining wall 4' high 45,108.00
Exterior concrete stair 900.00
Concrete handicap access ramp 18,600.00
Standing Seam Metal roof 117,040.00
Sheathing/roofing cost difference (90,288.00 )
Face brick minus bulk head area 43,548.00
Face brick cost difference (9,261.00 }
Field stone bulk head 21,560.00
Fieldstone lintel & sill 21,450.00
Overhead and profit 26,554.00
Total $ 204,546.70
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8
` MOUND HOUSING AND REDEVELOPMENT AUTHORITY
• RESOLUTION NO. 02-05H
WHEREAS, Request For Proposals (RFPs) for downtown redevelopment were
approved by the HRA on March 26, 2002; and
WHEREAS, according to the advertisement and RFP specifications, proposals were
received on May 9, 2002, for the Lost Lake, Auditors Road and Langdon Districts; and
WHEREAS, the HRA interviewed developers who submitted these proposals at special
meetings held on June 4th and June 6th, 2002; and
WHEREAS, selected developers were given opportunity to present their proposals for
the downtown redevelopment at these meetings;
NOW, THEREFORE BE IT RESOLVED by the Housing and Redevelopment Authority
in and for the City of Mound, Minnesota, to select Landform of Minneapolis, MN, as the
principal developer for the downtown districts of Lost Lake, Auditors Road and Langdon,
with JCS Development as the hotel developer in the Auditors Road District.
BE IT FURTHER RESOLVED that the HRA hereby directs and authorizes staff to
proceed with further qualifying the selected candidates and their proposals.
• The foregoing resolution was moved by Commissioner and seconded by
Commissioner
The following voted in the affirmative:
The following voted in the negative:
Adopted by the HRA this 11th day of June, 2002.
Pat Meisel, Chairperson
Attest: Kandis Hanson, Executive Director
C~
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