2003-07-08MOUND HOUSING AND REDEVELOPMENT AUTHORITY
JULY 8, 2003
The Mound Housing and Redevelopment Authority of and for the City of Mound,
Minnesota, met in regular session on Tuesday, July 8, 2003, 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: Acting Executive Director Gino Businaro, City Clerk Bonnie Ritter,
Community Development Director Sarah Smith, City Engineer John Cameron, Chuck
Alcon, Ken Parbix, Peter Johnson, Tom Stokes, Rick Bloomquist, Lorrie Ham, Jim
Prosser.
1. OPEN MEETING
Chair Meisel called the meeting to order at 6:38 p.m.
2. APPROVE AGENDA
MOTION by Brown, seconded by Hanus to approve the agenda. All voted in favor.
Motion carried.
3. APPROVE MINUTES
MOTION by Osmek, seconded by Brown to approve the minutes of the June 24, 2003
regular meeting. All voted in favor. Motion carried.
4. CONSIDERATION/ACTION ON BIDS FOR DEMOLITION OF LONGPRE
BUILDING
John Cameron presented the bids received for the Longpre Building demolition. They
ranged from a Iow of $68,525.00 to a high of $101,625.00.
MOTION by Brown, seconded by Osmek to accept the Iow bid of $68,525.00 submitted
by Landwehr Construction, Inc. with the stipulation that approval is subject to review
and approval of the contractor's insurance documents by the HRA's attorney. All voted
in favor. Motion carried.
5. RESOLUTION DESIGNATING CERTAIN BUILDINGS AS STRUCTURALLY
SUBSTANDARD
Jim Prosser of Ehlers & Associates explained that state statute gives the opportunity to
take down substandard buildings prior to establishing a new TIF district.
MOTION by Hanus, seconded by Osmek to adopt the following resolution. All voted in
favor. Motion carried.
HRA Minutes - July 8, 2003
RESOLUTION NO. 03-06H: RESOLUTION DESIGNATING CERTAIN BUILDINGS
AS STRUCTURALLY SUBSTANDARD WITHIN PROPOSED REDEVELOPMENT
PROJECT NO. 1.
6. REQUEST FOR EXTENSION OF PRELIMINARY AGREEMENT BY MOUND
HARBOR RENAISSANCE
Chair Meisel stepped down for this item because she and her husband own property in
the proposed redevelopment district.
Acting Chair Hanus presided.
Jim Prosser of Ehlers & Associates presented an analysis of the updated financial pro
forma information provided by Mound Harbor Renaissance (MHR). In his opinion, MHR
has developed a program that is consistent with what the HRA is looking for. They have
provided a high level of detail, and their report is at the high quality end of refinement
compared to developers he's worked with. Based on his findings, he recommends
extending the preliminary developers agreement with MHR until September 9, 2003.
Tom Stokes approached the HRA with a request for a 120 day extension instead, due to
the work left to be done on the hotel agreement with Bloomquist and resolution of the
gap financing. Prosser agreed that with what needs to be accomplished, 120 days is in
order. Bloomquist also stated that a 120 day extension would work for him also.
MOTION by Brown, seconded by Osmek to grant a 120 day extension, until November
5, 2003, to the Preliminary Developers Agreement with Mound Harbor Renaissance
Development, LLC, with the following timeline; within 60 days have gap options
available to the HRA, within 90 days have the hotel agreement in place with Rick
Bloomquist, and within 120 days have the financial gap strategies completed, as well as
presenting monthly updates to the HRA during the 120 day extension. Staff is directed
to prepare a second amendment to the Preliminary Developers Agreement with Mound
Harbor Renaissance Development, LLC, that will incorporate the above stated terms.
All voted in favor. Motion carried.
Chair Meisel returned to preside over the balance of the meeting.
7. ADJOURN
MOTION by Osmek, seconded by Brown to adjourn at 7:22 p.m. All voted in favor.
Motion carried.
Attest: Bonnie Ritter, City Clerk
Chair Pat Meisel
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