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2007-08-14+MNr INM w ~r ~^"~"9 ~M~" ..~.:~. d PLEASE TURN OFF CELL PHONES & PAGERS IN COUNCIL CHAMBERS. ~~~ ~~~ AGENDA MOUND HOUSING & REDEVEZOPMENT AUTHORITY REGULAR' MEETING TUF~SDAY, AC1~G~US'~' 14 2007 - 7:20 PM MOUND III' COi7N°C"IL CHAMBERS Page 1. Open meeting 2. Action approving agenda, with any amendments 3. Action approving minutes: July 24, 2007 regular meeting •4. Consideration/Action on Resolution Modifying Tax Increment ~ District by the Elimination of Parcel Therefrom 5. Adjourn 1 2-10 i• yY~nM i ~1~~ P i«~„~ ~~, MOUND HOUSING AND REDEVELOPMENT AUTHORITY • JULY 24, 2007 The Mound Housing and Redevelopment Authority in and for the City of Mound, Minnesota, met in regular session on Tuesday, July 24, 2007 at 7:25 p.m. in the council chambers of city hall. Members present: Chair Mark Hanus; Commissioners David Osmek and John Beise Members absent: Commissioners Mike Specht and Greg Skinner Others present: Executive Director Kandis Hanson, City Clerk Bonnie Ritter, Community Development Director Sarah Smith, Cindy Reiter 1. Open meeting Chair Hanus called the meeting to order at 7:25 p.m. 2. Approve agenda MOTION by Beise, seconded by Osmek to approve the agenda. All voted in favor. Motion carried. 3. Approve minutes MOTION by Beise, seconded by Hanus to approve the minutes of the July 10, 2007 regular meeting. All voted in favor. Motion carried. 4. Indian Knoll Manager's Monthly Report Cindy Reiter presented the monthly report as follows: A. June bank statement B. May income statement C. Review of bills paid: MOTION by Osmek, seconded by Beise to approve the payment of bills for June 2007. D. Manager's report -nothing noted. 5. Adjourn MOTION by Osmek, seconded by Beise to adjourn at 7:26 p.m. All voted in favor. Motion carried. Chair Mark Hanus Attest: Bonnie Ritter, City Clerk r~ U -1- 5341 Maywood Road Mound, MN 55364 (952)472-3190 MEMORANDUM To: Mound HRA I~-om: Sarah Smith, Comm. Development Director Date: 8/7/2007 Re: Removal of 2354 Wilshire Blvd parcel (PID No. 13-117-24-34-0022) from Mound TIF District 1-2. SUMMARY. As the HRA maybe aware, the Mound City Council approved a resolution in 2004 which approved a subdivision exemption to split of Lot 3 from original PID No. 13-117- 24-34-0086 (LOTS 3 THRU 15 /NCL BLK 2 INCL ADJ % OF VAC ALLEY, SHIRLEY HILLS, UNIT F) owned by Frontier so it combined with the adjacent property located at 2354 Wilshire Boulevard owned by Penguin Rocks LLC (Peter Norton..) The "new" PID for Lot 3 is 13-117-24-34-0116. As the 2354 Wilshire Boulevard property (Lots 1 and 2) was located in TIF District 1-2, and Lot 3, which was part of the larger Frontier parcel was not, Hennepin County was not able to combine the lots as required by the resolution. Members are advised that Staff was previously notified of this issue and recommended that the owner wait until such time as the new MHR TIF District was created as it was discussed that the parcel may be removed as part of this process which did not occur. Therefore, this action is being now being undertaken as a separate process as the applicant is pursuing a possible building construction/site enhancement project, which involves both parcel(s). Based on the review by the City Attorney, this task can be accomplished by adoption of a resolution by the HRA which removes Lots 1 and 2 from District 1-2 which would then allow the lots to be combined at Hennepin County. Members are advised that removal of the subject parcel has been reviewed by Sid Inman of Ehlers who determined that there are no impacts to the qualification of the district in the event it is removed. RECOMMENDATION. Approval. -2- MOUND HOUSING AND REDEVELOPMENT AUTHORITY • RESOLUTION N0.07-04H RESOLUTION MODIFYING TAX INCREMENT DISTRICT BY THE ELIMINATION OF PARCEL THEREFROM BE IT RESOLVED, by the Housing and Redevelopment Authority in and for the City of Mound, Minnesota as follows: 1. Redevelopment Tax Increment Financing District No. 1-2 is hereby modified by eliminating therefrom the following parcel of land, to wit: Lots 1 and 2, Block 2, Shirley Hills, Unit F, Hennepin County, Minnesota (PID No. 13-117-24-34-0022) 2. The current net tax capacity of the parcel equals or exceeds the original net tax capacity of the area of land comprising the parcel. 3. The Finance Director of the City of Mound is hereby authorized and directed to provide the County Auditor with all information and documents necessary to carry out the objectives of this resolution. Passed by the Housing and Redevelopment Authority in and for the City of Mound, • Minnesota this 14~' day of August, 2007. Chair Mark Hanus Attest: Bonnie Ritter, City Clerk • JBD-232009v1 MU 195-2 -3- Hennepin County Oblique Aerials Page 1 of 1 Hennepin County Oblique Aerials Images courtesy of: Microsoft® Virtual EarthrM 2006 }-~;.; Pnnt ~ ~. snow /Hide: Flight Date: April 2006 ......+ ~j ~ ~ it r ; j ~. ad".v .~7 '~ i r: lAn. 1 ~f ~'r t r ~~~: '~rz ~ ~rn)~V C. ...__ .... .. J G.._`r ~~ m U ` ~,~_ M I N v .t_ ~ f.:i, i -~ i. ~~ http://wwwl3.co.hennepin.mn.us/HCPropertyM~-4-irdseye.aspx?PID=1311724340022 8/2/2007 Property Information Search by Property ID Result page Page 1 of 2 Hennepin bounty, M~ www .us i~~~ Property Information Search Result The Hennepin County Property Tax web database is updated daily (Monday - Ftlday) at'approximately 9:15 p.m. (CST) search ey _.._. _.. Parcel Data for Taxes Payable 2007 PRt]AfATY I6 ,,. '. Prin ~ ~ ~r~ .,. ~YrY~i 1 "' ~ Property ID: 13-117-24-34-0116 I Address: 85 ADDRESS PENDING ..,., , i~ Municipality: MOUND _ ` ! ;~ School Dist: 277 Construction year: Watershed: 3 Approx. Parcel Size: 25 X 120 Sewer Dist: Property ID: Owner Name: PENGUIN ROCKS LLC 13-117-24-34-0116 ' Taxpayer Name PENGUIN ROCKS LLC rIa Address: 6256 RED OAK RD Search ~ Clear ' MOUND MN 55364 Most Current Sales Information Sales prices are reported as listed on the Certificate of Real Estate Value and are not warranted to represent arms-length transactions. Sale Date: January, 2003 Sale Price: $20,000 Transaction Type: Vacant Land Tax Parcel Description Addition Name: SHIRLEY HILLS UNIT F Lot: 003 Block: 002 Metes & Bounds: LOT 3 INCL ADJ 1/2 VAC ALLEY Abstract or Torrens: TORRENS Value and Tax Summary for Taxes Payable 2007 Values Established by Assessor as of January 2, 2006 Estimated Market Value: $30,000 Limited Market Value: $30,000 Taxable Market Value: $30,D00 Total Improvement Amount: Total Net Tax: $702.45 Total Special Assessments: Solid Waste Fee: $4.71 Total Tax: $707.16 ~. Property Information Detail for Taxes Payable 2007 Values Established by Assessor as of January 2, 2006 Values: Land Market $30,000 Building Market Machinery Market Total Market: $30,000 Land Limited $30,000 Building Limited Total Limited: $30,000 • Qualifying Improvements Classifications: Property Type LAND COMMERCIAL- PREFERRED Homestead Status NON-HOMESTEAD Relative Homestead Agricultural Exempt Status 7007605 http://www2.co.hennepin.mn.us/pins/piliresult.jsl- 5 - 8/6/2007 Hennepin County Property Map Print Page 1 of 1 Hennepin County Property Map -Tax Year: 2007 '. The tlata contained on [his page Is derived from a compilation of records and maps and may contain discrepancies that can only be disclosed by an accurate survey performed by a licensetl land surveyor. The perimeter and area (square footage and acres) are approximates and may contain tllscrepancies. The information on this page should be usetl for reference purposes only. ' ~. Hennepin County does not guarantee the accuracy of ma[ertal herein contained and is not responsible for any misuse or misrepresentation of this information or its derivatives. i .............. _. ....................... .,. ..._.....,.,,I . „ ....,.,.... ,.... ,.. ,.... 2331 5.22.9 2361 23.3 23131 $[YpM kp Selected Parcel Data Date Printed: 8/6/2007 12:54:22 PM y :~ ,; Parcel ID: 13-117-24-34-0116 Current Parcel Date: 08/06/2007 Owner Name: PENGUIN ROCKS LLC Parcel Address: 85 ADDRESS PENDING ,MOUND , MN 00000 Property Type: LAND COMMERCIAL Sale Price: $20,000.00 Homestead: NON-HOMESTEAD Sale Date: 01/2003 Area (sgft): 3280 Sale Code: VACANT LAND Area (acres): 0.08 A-T-B: TORRENS Market Total: $30,000.00 Tax Total: $707.16 http://wwwl3.co.hennepin.mn.us/HCPropertyM~-6-~cator.aspx?PID=1311724340116 8/6/2007 Property Information Search by Property ID Result page • -~° Hertrtepin Cvtitntyr MN Property Information Search Result The Hennepin County Property Tax web databace is updated daily (Monday -Friday) at approximately 9:15 p.m. (CST) Page 1 of 2 search ay: Parcel Data for Taxes Payable 2007 _ paoPERTY io~ Pri "~ ' Property ID: 13-117-24-34-0022 i q Address: 2354 WILSHIRE BLVD t Municipality: MOUND 1 ~l School Dist: 277 Construction year: 1953 Watershed: 3 Approx. Parcel Size: 50 X 130 Sewer Dist: Property ID: _. Owner Name: PENGUIN ROCKS LLC 13-117-24-34-0022 Taxpayer Name PENGUIN ROCKS LLC & Address: 6256 RED OAK RD Search _ Gear ~ MOUND MN 55364 Most Current Sales Information Sales prices are reported as listed on the Certificate of Real Estate Value and are not warranted to represent arms-length transactions. Sale Date: ]une, 2001 Sale Priee: $160,500 Transaction Type: Warranty Deed Tax Parcel Description Addition Name: SHIRLEY HILLS UNIT F Lot: ' Bloek: 002 Metes & Bounds: LOTS 1 AND 2 INCL 1/2 ADJ ALLEY VAC • Abstract or Torrens: TORRENS Value and Tax Summary for Taxes Payable 2007 Values Established by Assessor as of January 2, 2006 Estimated Market Value: $214,000 Limited Market Value: $212,600 Taxable Market Value: $212,600 Total Improvement Amount: Total Net Tax: $4,040.35 Total Special Assessments: Solid Waste Fee: $33.39 Total Tax: $4,073.74 ~! Property Information Detail for Taxes Payable 2007 Values Established by Assessor as of January 2, 2006 Values: 1 2 Land Market $30,000 $130,000 Building Market $44,000 $10,000 Machinery Market Total Market: $74,000 $140,000 Land Limited $29,400 $130,000 Building Limited $43,200 $10,000 Total Limited: $72,600 $140,000 Qualifying Improvements Classifications: 1 2 Property Type RESIDENTIAL CDMMERCIAL- PREFERRED Homestead Status NON-HOMESTEAD NON-HOMESTEAD Relative Homestead Agricultural • Exempt Status 6972670 http://www2.co.hennepin.mn.us/pins/pidresult.j sl- 7 - 7/30/2007 Hennepin County Property Map Print Page 1 of I Hennepin County Property Map -Tax Year: 2007 The data contained on ffiis page k derfved from a compllatbn of records and maps and may contain discrepandes that can only be disclosed by an aaurate survey performed by a Ikensed ;land surveyor. The perimeter and area (square footage and acres) are approximates and may contain discrepancies. The Inforrnatlon on tMs Dage should be used for reference purposes ony.. Hennepin County does not guarantee the accuracy of material herein contained and Is not responsible (or any mkuse or mkrepresentation of thk information or its derivatives. 333 ~ _--v - ___. ~ N ~ 28 _._ _.. ~ i ~ 20 N + _. _.._ ~ x~... _,.___._ i V J ; ~ 31 ~ ~ ~, , ; ~~c~2337 ~. ~`' 120 ~ ~ ~ ~ ~~ r c~ ~ ~ 20 ~ ; ' 72 - ~_~ 5229 i3 i. I ~l ~ ^_ V ~i ~ ~~: 120 :; -~-2361 ~ 2354 ~ ' 20 '. ~ ~ ', I ~, i ~ ~ ~~ ~ 2 , ~4A ~; t } ~ ,v ~, 111 ~ ~~ k ~ ~ ~ r ~~ ~ ~ 3: ~ ~ 1 ~~ ~, ;~~~.. ~ ~ ~ ~" ~ 120 ~ ii '', `N 2373 ~ ~ ' ---_{ N 120 u~ ~ ,~ ~ ,- ~~ ~ ~ I _ 23$1 ~ ~(~ Q f~ ~ I ~ ~ ~ ~; I _____ ._ _.-- -___ __. _ __. _. .._. ~; ; Selected Parcel Data ? '. Parcel ID: 13-117-24-34-0022 Owner Name: PENGUIN ROCKS LLC ~~ ~ Parcel Address: 2354 WILSHIRE BLVD ,MOUND , MN 55364 1! i Property Type: RESIDENTIAL i j !; ~; Homestead: NON-HOMESTEAD ~' Area (sgft): 6963 #i Area (acres): 0.16 A-T-B: TORRENS Market Total: $214,000.00 '; ; Tax Total: $4,073.74 I 7 1 ' ~('~ ~ ~ 24 ~-- s- 5271 ~'I 15,' ~~ __ -ti-'- 72 .~, ,: ~~ ~, 7 ~n i -- ~' ~. , ~ ; ~ 2378 ~~ ~~ ~ ~ I ,., 11 ~ ~, Date Printed. 7/23/2007 9:55:43 AM Current Parcel Date: 07/13/2007 Sale Price: $160,500.00 Sale Date: 06/2001 Sale Code: WARRANTY DEED http://www 13 . co.hennepin.mn.us/HCPropertyMap/Locator. aspx?PID=1311724340022 7/23/2007 -$- Property Information Search by Property ID Result page • www. ~ .us Menn~p~n County, ~~ : Property Information Search Result The Hennepin County Property Tax web database is updated daily (Monday -Friday) at approximately 9:15 p.m. (CST) Page 1 of 2 Search 6y: Parcel Data for Taxes Payable 2007 RRUp~ m. f ~ ~ ff~ `"" 1 Property ID: 17 13-11T-24-34-0 1w Address: 2378 WILSHIRE BLVD ~ Municipality: MOUND ' ~ .I . School Dist: 277 Construction year: 1980 Watershed: 3 Approx. Parcel Size: IRREGULAR Sewer Dist: Property ID: Owner Name: CITIZENS TELECOMM CO MN INC 13-117-24-34-0117 ' Taxpayer Name FRONTIER COMMUNICATIONS MN & Address: C/O VALUATION GROUP INC Search ~ Clear ~ 935 WHITE PLAINS RD _ TRUMBULL CT 06611 Most Current Sales Information Sales prices are reported as listed on the Certificate of Real Estate Value and are not warranted to represent arms-length transactions. NO SALE INFORMATION ON FILE FOR THIS PROPERTY. Tax Parcel Description Addition Name: SHIRLEY HILLS UNIT F Lot: Block: 002 Metes & Bounds: LOTS 4 THRU 15 INCL BLK 2 ALSO INCL AD] 1/2 VAC ALLEY Abstract or Torrens: TORRENS Value and Tax Summary for Taxes Payable 2007 Values Established by Assessor as of January 2,_2006 Estimated Market Value: $838,000 Limited Market Value: $838,000 Taxable Market Value: $838,000 Total Improvement Amount: Total Net Tax: $24,766.30 Total Special Assessments: Solid Waste Fee: $131.64 Total Tax: $24,897.94 Property Information Detail for Taxes Payable 2007 Values Established by Assessor as of January 2, 2006 values: Land Market $478,000 Building Market $360,000 Machinery Market Total Market: $638,000 Land Limited $478,000 Building Limited $360,000 Total Limited: $838,000 Qualifying Improvements Classifications: Property Type COMMERCIAL- PREFERRED Homestead Status NON-HOMESTEAD Relative Homestead Agricultural Exempt Status 7007597 Hennepin County is providing this Information as a public service. http://www2.co.hennepin.mn.us/pins/pidresult.jsl- 9 - 8/6/2007 Hennepin County Property Map Print Page 1 of 1 ._ __ __ ..Hennepin County Property Map -Tax Year: 2007 '.. The data contained on this page Is derived from a compilation of records antl maps and may contain discrepancies that can only be disclosetl by an accurate survey pertormed by a licensed land surveyor. The perimeter and area (square footage and acres) are approximates and may contain discrepancies. The information on this page should be used for reference purposes only. Hennepin County does no[ guarantee the accuracy of material herein contained and is notresponsible for any misuse or misrepresentation of this information or Its derivatives. 2333 5.2x9 5?~I:S 223! _,._ -- - ~ 23111 Q 9 J atl 2~7~ t~ ^~ ~ zsei _~ LDeN RCY spas Selected Parcel Data Parcel ID: 13-117-24-34-0117 Owner Name: CITIZENS TELECOMM CO MN INC Parcel Address: 2378 WILSHIRE BLVD ,MOUND , MN 55364 Property Type: COMMERCIAL-PREP Homestead: NON-HOMESTEAD Area (sgft): 68018 Area (acres): 1.56 A-T-B: TORRENS Market Total: $838,000.00 Tax Total: $24,897.94 Date Printed: 8/6/2007 12:52:59 PM Current Parcel Date: 08/06/2007 Sale Price: $0.00 Sale Date: / Sale Code: