07-08-08 HRA Minutes
REGULAR MEETING
OF THE
HOUSING AND REDEVELOPMENT AUTHORITY
July 8, 2008
Pursuant to due call and notice thereof, a regular meeting of the Housing and
Redevelopment Authority of the City of Golden Valley, Hennepin County, Minnesota, was
held at 7800 Golden Valley Road in said City on July 8, 2008, at 6:30 pm, in the City
Council Chambers.
The following members were present: Chair Paula Pentel and Commissioners Linda
Loomis, DeDe Scanlon and Robert Shaffer. Also present were HRA Director Thomas Burt,
HRA Attorney Alan Barnard, Assistant HRA Director Jeanne Andre, Finance Director Sue
Virnig and Administrative Assistant Christine Columbus.
Approval of the Minutes
MOVED by Loomis, seconded by Shaffer, and motion carried to approve the minutes of the
April 8, 2008 regularHRA meeting.
Approval of Bills
MOVED by Loomis, seconded by Shaffer and motion carried unanimously to approve the
bills as submitted, reimbursing City expenditures for the HRA.
Receive and File Julv Financial Reports
MOVED Loomis, seconded by Shaffer and motion carried to receive and file the June
Financial Reports.
Doualas Drive Redevelopment Area/Applewood Pointe
Assistant Director Jeanne Andre reviewed her memorandum seeking Council direction on
the creation of a redevelopment area in conjunction with a proposed new Tax Increment
Financing (TIF) District. United Properties applied in May for Tax Increment Financing for
its proposed Applewood Point housing project at the northwest corner of Douglas Drive and
Golden Valley Road.
She noted that ideally the City would have liked to complete the Douglas Drive Corridor
Study before determining the redevelopment area, but it is likely the project site plan for
Applewood will be determined well before the study is completed. Staff recommends a
redevelopment area which includes all of the properties on the east side of Douglas
between Golden Valley Road and DUluth Street rather then one contiguous with TIF District
property. As ten percent of district funding could be spent in the redevelopment area, extra
TIF funds generated by Applewod could be applied to public improvements in the Douglas
Drive corridor if it is in the redevelopment area.
Discussion ensued with the Commissioners questioning the options for sizing the
redevelopment area and the financing plan for area improvements. Council expressed
support for continuing the process with the redevelopment area proposed by staff.
Regular Meeting ofthe Housing and Redevelopment Authority
July 8, 2008
Page 2
Other Business
There was no other business at this time.
Adiournment
The meeting was adjourned at 6:48pm.
ATTEST:
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C stine Columbus. Administrative Assistant
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Paula Pentel, Chair