03-09-10 Special HRA Agenda
1 . Roll Call
AGENDA
GOLDEN VALLEY HOUSING AND REDEVELOPMENT AUTHORITY
Special Meeting
Golden Valley City Hall
7800 Golden Valley Road
Tuesday - March 9, 2010
6:30 PM
Golden Valley City Council Chambers
2. Approval of Minutes - January 12, 2010 HRA Meeting
3. Golden Hills Redevelopment Area - Designation of Global One
Commercial as developer of the MnDOT Parcel 38, east of the
Golden Hills Shopping Center - Resolution 10-03
4. Adjournment
Thi$doctlmentis8vailablein alternate formats upon a 72-honr request. Please call
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REGULAR MEETING
OF THE
HOUSING AND REDEVELOPMENT AUTHORITY
January 12, 2010
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 January 12, 2010 at 6:30 pm, in the City
Council Chambers.
The following members were present: Chair Paula Pentel and Commissioners Mike
Freiberg, Linda Loomis, De De Scanlon and Robert Shaffer. Also present were HRA
Director Thomas Burt, HRA Attorney Allen Barnard, Assistant HRA Director Jeanne Andre
and Administrative Assistant Christine Columbus.
Election of Officers
The HRA Bylaws provide forthe annual election of the HRA Chairperson and Vice
Chairperson to serve a one year term.
Shaffer opened nominations for HRA Chair.
Commissioner Shaffer nominated Pentel for the office of Chair of the HRA and
Commissioner Freiberg for the Vice Chair of the HRA. There were no further nominations.
Pentel and Freiberg accepted the nominations.
MOVED by Shaffer, seconded by Scanlon and motion carried to approved to re-elect
Pentel as Chair of the HRA and Freiberg as Vice Chair of the HRA for 2010.
Approval of Minutes - Housing and Redevelopment Authority Meeting - October 13.
2009
MOVED by Loomis, seconded by Freiberg and motion carried unanimously to approve the
Housing and Redevelopment Authority minutes of October 13, 2009 as submitted.
Reimbursement of City Expenditures
MOVED by Loomis, seconded by Shaffer and motion carried unanimously to authorize the
reimbursing the City of Golden Valley $9,306.33 for expenditures incurred.
Set 2010 HRA Regular Meetings
MOVED by Loomis, seconded by Shaffer and motion carried unanimously to set meeting
dates for regular meetings for HRA on January 12, April 13, July 13 and October 12 at 6:30
pm.
Receipt of December 2009 Financial Reports
MOVED by Freiberg, seconded by Pentel and motion carried unanimously to receive and
file the December 2009 HRA Financial Reports.
Adoption of 2010 General Fund Budget
Member Loomis introduced the following resolution and moved its adoption:
RESOLUTION 10-01
RESOLUTION OF THE HOUSING AND REDEVELOPMENT AUTHORITY (HRA)
ADOPTING THE 2010 GENERAL FUND BUDGET
The motion for the adoption of the foregoing resolution was seconded by Member Freiberg
and upon a vote being taken thereon, the following voted in favor thereof: Freiberg,
Loomis, Scanlon, Shaffer and Pentel; and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted, signed by the Chair
and her signature attested by the Director.
Adoption of Designation of Depositories
Member Freiberg introduced the following resolution and moved its adoption:
RESOLUTION 10-02
RESOLUTION DESIGNATING DEPOSITORIES FOR HRA FUNDS
The motion for the adoption of the foregoing resolution was seconded by Member Loomis
and upon a vote being taken thereon, the following voted in favor thereof: Loomis, Scanlon,
Shaffer, Pentel and Freiberg; and the following voted against the same: none, whereupon
said resolution was declared duly passed and adopted, signed by the Chair and her
signature attested by the Director.
Review of Tax Increment Financing
MOVED by Shaffer, seconded by Freiberg and motion carried unanimously to approve the
Tax Increment Financing Policy as set forth in Resolution 06-03.
GVEC, LLC - Update and Tax Increment Payment
MOVED by Loomis, seconded by Freiberg, and motion carried to authorize staff to pay
North Wirth Redevelopment District NO.3 February, 2010, increment payment of
$11,981.40 less any and all cost incurred to process the default, when payment of 2009
back taxes and penalties have been paid, to the entity legally entitled to the payment.
Commissioner Shaffer abstained.
Adiournment
The Chair adjourned the meeting at 6:44 pm.
Paula Pentel, Chair
ATTEST:
Christine Columbus, Administrative Assistant
~tdldefiValley
Memorandum
Housing & Redevelopment
Authority
763-593-8014/763-593-8109 (fax)
Executive Summary for Action
Housing and Redevelopment Authority Meeting
March 9, 2010
Agenda Item
3. Designation of Global One Commercial
Prepared By
Jeanne Andre, Assistant Director
Summary
Global One Commercial has approached the Housing and Redevelopment Authority (HRA)
about purchasing Parcel 38, surplus property of the Minnesota Department of Transportation
(MnDOT) located near the intersection of 1-394 and Highway 100, east of the Golden Hills
Shopping Center. Under state law, the HRA has the right of first refusal to purchase this
property, which would otherwise be sold at public auction. Prior to purchasing the property
the HRA would seek a development agreement that establishes the details of the
development. If such a development agreement can be negotiated, the purchase would be a
simultaneous closing between MnDOT and the HRA and then the HRA and the developer.
Staff has worked with the developer to make a preliminary determination that traffic for the
new development can be accommodated. This site has a number of significant issues that
still need to be addressed, including access from Turner's Crossroad, sanitary sewer access,
storm water issues, and soil conditions. These issues must to be addressed to develop a
detailed site plan that would satisfy the planning approval process. If the developer is
conditionally designated as the developer of the site, it would be able to work on these site
plan issues and negotiate a development agreement providing for the purchase of the
property.
The attached site plan illustrates the developer's proposed uses which include a six-story
165-room hotel with an attached one-story bank facility and a six-story 138-unit apartment
building with parking for these facilities totaling 270 enclosed and 112 surface spaces.
The attached resolution conditionally designates Global One Commercial as developer of the
MnDOT parcel.
Attachment
Resolution 10-3, Conditionally Designating Global One Commercial as Developer of a Portion
of the Golden Hills Redevelopment Area (MnDOT Parcel 38, East of the Golden Hills
Shopping Center) (2 pages)
Global One Commercial Site Plan for the Three.Nine.Four, dated November 30, 2009
(1 page)
Recommended Action
Motion to adopt Resolution 10-3, Conditionally Designating Global One Commercial as
Developer of a Portion of the Golden Hills Redevelopment Area (MnDOT Parcel 38, East of
the Golden Hills Shopping Center
Resolution 10-03
March 9, 2010
Commissioner
introduced the following and moved its adoption:
RESOLUTION CONDITIONALLY DESIGNATING GLOBAL ONE COMMERCIAL
AS DEVELOPER OF A PORTION OF THE GOLDEN HILLS REDEVELOPMENT
AREA
(MnDOT Parcel 38, East of the Golden Hills Shopping Center)
WHEREAS, the Minnesota Department of Transportation (MnDOT)
acquired for the construction of 1-394 certain surplus property referred to as
MnDot Parcel 38 and located east of Golden Hills Shopping Center, in the
Golden Hills Redevelopment Area; and
WHEREAS, Global One Commercial would like to redevelop this parcel
with a six-story, 165-room hotel with an attached one-story bank facility and a
six-story 138-unit apartment building with parking for these facilities totaling 270
enclosed and 112 surface spaces; and
WHEREAS, the HRA is willing to discuss with MnDOT the purchase of its
parcel, and discuss with Global One Commercial the sale of the MnDOT parcel
for redevelopment purposes.
NOW, THEREFORE, BE IT RESOLVED, by the HRA as follows:
1. Global One Commercial is conditionally designated as developer of the
MnDOT Property (Parcel 38) east of the Golden Hills Shopping Center.
2. The HRA understands that Global One Commercial will undertake all
planning and development efforts to construct a project that meets the
requirements of the HRA and City, and Global One Commercial shall enter into a
negotiated development agreement with the HRA, which development
agreement shall contain terms satisfactory to the HRA.
3. The designation contained in this resolution is not an offer or an
agreement to sell the development property, or the grant of an option or any
other interest in the development property. The HRA may rescind this
designation at any time in its sole and absolute discretion. Subject to the
foregoing, the HRA agrees to continue to discuss the development with Global
One Commercial until such time as the HRA determines to terminate such
discussions in its sole and absolute discretion.
4. No zoning consideration such as a change in zoning, PUD classification
or variance are granted or implied by this action.
5. This designation is effective as of the date hereof and, unless
previously terminated by the HRA in its sole in absolute discretion, shall
automatically terminate and be of no force or effect at such time as the
development agreement between Global One Commercial and the HRA is
executed by all parties, or November 1, 2010, whichever occurs earlier.
Paula Pentel, Chair
ATTEST:
Thomas D. Burt, Director
Motion for the adoption of the foregoing resolution was seconded by
upon a vote taken thereon, the following voted in favor thereof:
the following voted against the same: none, whereupon said resolution was
declared duly passed and adopted, signed by the Chair and his signature
attested by the Director.
; and
and
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