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04-12-11 HRA Agenda AGENDA GOLDEN VALLEY HOUSING AND REDEVELOPMENT AUTHORITY REGULAR MEETING April 12, 2011 — 6:30 PM Golden Valley City Hall Pages 1. Roll Call 2. Approval of Agenda 3. Approval of Minutes — January 11, 2011 HRA Meeting and 2-5 March 8, 2011 Special HRA Meeting 4. Reimbursement of City Expenditures $9,328.70 6 City of Golden Valley TOTAL Bill Summary: 533.30 7 General Fund — 2010 Golden Hills - 8 Capital Project Fund - Central Area 5,892.98 Tax Increment Fund 2,392.50 North Wirth - 9 Capital Project Fund - District #3 509.92 TOTAL $9,328.70 5. Receipt of March Financial Reports 10 6. Housing Task Force 11 7. 1-394 Corridor Redevelopment Area Plan 12 8. Other Business 9. Adjournment 0 This document is available in alternate formats upon a 72-hour request. Please call "8„ 763-593-8006 (11Y: 763-593-3968)to make a request. Examples of alternate formats may include large print, electronic, Braille,audiocassette, etc. HOUSING AND REDEVELOPMENT AUTHORITY January 11, 2011 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 11 at 6:30 pm, in the City Council Chambers. The following members were present: Chair Paula Pentel and Commissioners Mike Freiberg, Linda Loomis, DeDe Scanlon and Robert Shaffer. Also present were HRA Director Thomas Burt, HRA Attorney Allen Barnard,Assistant HRA Director Jeanne Andre, Finance Director Sue Virnig and Administrative Assistant Christine Columbus. Election of Officers The HRA Bylaws provide for the annual election of the HRA Chairperson and Vice Chairperson to serve a one year term. Commissioner Loomis nominated Commissioner Pentel for the office of Chair and Commissioner Freiberg for the office of Vice Chair. There were no further nominations. Pentel and Freiberg accepted the nominations. MOVED by Loomis, seconded by Shaffer and motion carried to re-elect Pentel Chair of the HRA and Freiberg as Vice Chair of the HRA for 2011 Approval of Minutes— October 12, 2010 MOVED by Loomis, seconded by Scanlon and motion carried unanimously to approve the Housing and Redevelopment Authority minutes of October 12, 2010. Approval of Minutes— November 9, 2010 MOVED by Loomis, seconded by Scanlon and motion carried unanimously to approve the Special Housing and Redevelopment Authority minutes of November 9, 2010. Reimbursement of City Expenditures MOVED by Shaffer, seconded by Freiberg and motion carried unanimously to authorize reimbursing the City of Golden Valley $2,876,988.30 for expenditures incurred. Receipt of December 2010 Financial Reports MOVED by Loomis, seconded by Freiberg and motion carried unanimously to receive and file the December 2010 HRA Financial Reports. Set 2011 HRA Regular Meetings MOVED by Freiberg, seconded by Scanlon and motion carried unanimously to set meeting dates for regular meetings for HRA on January 11, April 12, July 12 and October 11 at 6:30 pm. Housing and Redevelopment Authority January 11, 2011 Page 2 of 2 Adoption of 2011 General Fund Budget Commissioner Loomis introduced the following resolution and moved its adoption: RESOLUTION 11-01 RESOLUTION OF THE HOUSING AND REDEVELOPMENT AUTHORITY (HRA) ADOPTING THE 2011 GENERAL FUND BUDGET The motion for the adoption of the foregoing resolution was seconded by Commissioner Shaffer and upon a vote being taken thereon, the following voted in favor thereof: Freiberg, Loomis, Scanlon and Shaffer 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 Commissioner Loomis introduced the following resolution and moved its adoption: RESOLUTION 11-02 RESOLUTION DESIGNATING DEPOSITORIES FOR HRA FUNDS The motion for the adoption of the foregoing resolution was seconded by Commissioner Freiberg 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 Loomis and motion carried unanimously to affirm the Tax Increment Financing Policy as set forth in Resolution 06-03. 1-394 Corridor Redevelopment Area Plan MOVED by Freiberg, seconded by Scanlon and motion carried unanimously to continue the consideration of 1-394 Corridor Redevelopment Area Plan to the April 12, 2011 meeting. The meeting was adjourned at 6:40 pm. Paula Pentel, Chair ATTEST: Christine Columbus, Administrative Assistant SPECIAL HOUSING AND REDEVELOPMENT AUTHORITY March 8, 2011 Pursuant to due call and notice thereof, a special 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 March 8, 2011 at 6:30 pm, in the Council Conference Room. The following members were present: Chair Paula Pentel and Commissioners Mike Freiberg, Linda Loomis, DeDe Scanlon and Robert Shaffer. Also present were HRA Director Thomas Burt, Assistant HRA Director Jeanne Andre, Finance Director Sue Virnig, and City Planner Joe Hogeboom. Housing Task Force � N. Chair Pentel opened the meeting with a brief description of a plan to create la short term Housing Task Force. The Housing Task Force would involve citizens advising the-HRA on ways to meet the City's life-cycle housing needs as identified in the Comprehensive Plan. Pentel presented the Commissioners with a handout listing some ideas about theTask Force. Pentel indicated that a Housing Task Force could assist the Council when rezoning to match the Comprehensive Plan, by identifying future housing needs. The Task Force could present its findings to the HRA and Council and providefor input from a spectrum of citizens. Commissioner Loomis asked how the Housing Task Forces would blend with the City Council's request for a neighborhood discussion in those housing areas impacted by the proposed rezoning. stated there would still bed need for public outreach and a Public Hearing related to fl the rezoning. She recommended°that the Task Force give input to the HRA prior to the City Council Public Hearings. Freiberg asked if the purpose of the Task Force would be to consider whether or not areas should be rezoned to match the Comprehensive Plan. Loomis stated her concern withat the Task Force recommendations would not take into account traffic studies theuncil has directed staff to undertake prior to the rezoning hearings. kAtkr HRA Director Thomas Burt stated staff had been directed to do a traffic study at the area along Winnetka north of Harold and south of Highway 55, but staff had not been directed to do any traffic studies of the other areas being considered for rezoning. Freiberg asked if there was a deadline for the Zoning Code to be in compliance with the Comprehensive Plan and Burt responded that the process should be completed by early fall. Shaffer stated that if a Housing Task Force is to be created, one of its goals should be to suggest ways the City could meet the Metropolitan Council's density guidelines. Housing and Redevelopment Authority Special Meeting March 8, 2011 Page 2 of 2 Loomis stated her concern that a Housing Task Force might delay the direction the City Council had already given to staff to have neighborhood discussions about the proposed rezoning. She suggested that a moratorium be placed on some of the properties until after neighborhood discussions. Burt stated the HRA could advise the City Council to consider placing a moratorium on rezoning while studying the appropriate density. Pentel stated she was opposed to a moratorium and doesn't want the consideration Of the Housing Task Force to be a deterrent to new development or business in the City. Freiberg made a motion to direct staff to put the motion for creating a Housing Task Force on the agenda for the April HRA meeting for further discu.ssson, seconded by Shaffer and motion carried. The meeting was adjourned at 7:03 pm. Paula Pentel, Chair ATTEST: Christine Columbus, Administrative Assistant 7 'Iii G ' Memorandum Go en a P Finance V 763-593-8013/763-593-8109 (fax) Executive Summary For Action Golden Valley HRA Meeting April 12, 2011 Agenda Item 4. Reimbursement of City Expenditures Prepared By Sue Virnig, Finance Director Summary As of March 31, 2011 the following expenditures were paid by the City on various check registers and need to be reimbursed by the HRA: City Expenditures: Amount Ck # 1000 Best & Flanagan (Dec-Legal) 1,762.50 105083 1000 Best & Flanagan (January Legal) 930.00 105376 1000 Best & Flanagan (February Legal) 233.30 105739 1000 Hennepin County (TIF Fees) 6,402.90 $9,328.70 HRA Expenditures: 9000 General Fund 533.30 9160 Golden Hills Tax Increment Fund 5,892.98 9250 North Wirth #3* 509.92 9280 Golden Hills Capital Projects* 2,392.50 $9,328.70 Asterisk items are reimbursed by deposits held for developers. Recommended Action Motion to approve reimbursing the City of Golden Valley $9,328.70 for expenditures incurred. oi Memorandum ance Go ide n Valley 763-593-8010/763-593-8109 (fax) Executive Summary for Action Housing and Redevelopment Authority Meeting April 12, 2011 Agenda Item 5. Receipt of March 2011 Financial Reports Prepared By Sue Virnig, Finance Director Summary Attached are the March 2011 Financial Reports for Council review. Staff will address questions from the Council before or at the meeting. Attachments HRA General Fund December 2011 Budget Report (1 page) HRA Tax Increment District Projections for Golden Hills Tax Increment Funds (1 page) HRA 2011 Capital Project Funds Report (1 page) Recommended Action Receive and file the March 2011 HRA Financial Reports HRA of Golden Valley General Fund March 2011 Budget Report Percentage Of Year Completed 25% Over % Of 2011 Jan-Mar YTD (Under) Budget Revenue Budget Actual Actual Budget Received Transfer from TIF Funds: Golden Hills 159,000 0.00 159,000.00 0.00 100.00% Interest Earnings 0 0.00 73.20 73.20 Fund Balance 0 0.00 0.00 0.00 #DIV/0! Totals $159,000 0.00 159,073.20 73.20 100.05% Over % Of 2011 Jan-Mar YTD (Under) Budget Expenditures Budget Actual Actual Budget Expended Legal Services (1) $6,000 233.30 233.30 (5,766.70) 3.89% Audit 12,000 0.00 0.00 (12,000.00) 0.00% City Overhead (2) 140,000 0.00 0.00 (140,000.00) 0.00% Miscellaneous 1,000 0.00 0.00 (1,000.00) 0.00% Totals $159,000 233.30 233.30 (158,766.70) 0.15% Notes: (1) Includes February to date billings from Best & Flanagan. (2) Transfers will be made in July 2011. U) N O 0 In N- CO o rn EA N I- N n O ) O ti CO M O ( (0 O OD COoO) CO N O) .- vN 4 ON. O O CO C) O ti Cn s•-.. dt Cnd' 0 O) 00 U) N N - N-vi o in vs O) O Nn O CO O) v N. 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U C� c Ni OJW fn JH O — NNONN m° HRA Of Golden Valley Capital Project Funds 2011 Financial Report 9280 9250 Golden North Hills Wirth #3 Cash Balance @ 01/01/11 $286,121.65 $36,732.93 Add: Receipts: Interest Deposit from Developer Increment on Deposit Less: Expenditures: City of Golden Valley (1) Transfer to TIF Cash Balance @ 03/31/11 $286,121.65 $36,732.93 (1) Breakdown on City Expenditures Memo of Memorandum Golden P Housing & Redevelopment V Authority 763-593-8014/763-593-8109 (fax) Executive Summary for Action Housing and Redevelopment Authority Meeting April 12, 2011 Agenda Item 6. Housing Task Force Prepared By Jeanne Andre, Assistant Director Summary At a Special HRA Meeting on March 8 the Commissioners discussed the idea of establishing a housing task force. Two major issues that arose during the discussion are intertwined. The first involves the benefits that would accrue from such a task force and concerns about its creation, mission and timeline. In other words, whether or not to establish the task force. The second issue is how the work and schedule of such a task force, if created, would relate to rezonings currently under discussion by the City Council. Discussion of the process to consider the proposed rezoning is on an upcoming Council/Manager Meeting Agenda. It appears that the HRA should first determine if it wants to establish a Housing Task Force. If this question is decided affirmatively, the HRA should determine if the schedule and work of the task force should be in some way integrated with the proposed schedule for consideration of rezonings needed to conform to the Comp Plan. City staff has recommended that the rezoning process be completed by the end of the summer. The HRA could expedite its Task Force schedule to coincide with the Council's schedule for rezoning, it could ask the City Council to slow the rezoning process to coincide with the schedule established for the Task Force, or each could proceed independently. Recommended Action Direct staff on whether to draft a resolution establishing a Housing Task Force and whether to seek to coordinate the schedule of such a task force with rezonings under consideration by the City Council. QGolden Memorandum Housing & Redevelopment Authority 763-593-8014/763-593-8109 (fax) Executive Summary for Action Housing and Redevelopment Authority Meeting April 12, 2011 Agenda Item 7. 1-394 Corridor Redevelopment Area Plan Prepared By Jeanne Andre, Assistant Director Summary The Housing and Redevelopment Authority (HRA) held a hearing on the proposed 1-394 Corridor Redevelopment Area Plan on January 11, 2010. After the public hearing the Commissioners recommended a number of changes to the Plan, so final consideration was delayed to allow staff to make the requested changes to the Plan. Since the HRA discussion last year developments related to the 3.9.4 project have caused staff to reconsider parts of the Plan related to the East Area. If access and sewer issues related to the development of the Minnesota Department of Transportation parcel at 1-394 and Truck Highway 100 cannot be worked out, staff may recommend reconsidering land use proposed for this area. Staff recommends restarting the consideration of the 1-394 Corridor Redevelopment Area Plan when information on access and sewer options necessary for various land uses is available. Recommended Action Affirm the staff recommendation not to consider the 1-394 Corridor Redevelopment Area Plan at this time and to restart the process in the future.