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07-11-17 Housing and Redevelopment Authority meeting City of OFFICIAL MINUTES goldbiHOUSING AND REDEVELOPMENT AUTHORITY MEETING valleyGOLDEN VALLEY, MINNESOTA July 11, 2017 Housing and Redevelopment Authority Chair Snope called the meeting to order at 6:30 pm. 1. Roll Call The following members were present: Chair Andy Snope, Commissioners Joanie Clausen, Larry Fonnest, Shep Harris and Steve Schmidgall. Also present was Housing and Redevelopment Authority Director Tim Cruikshank, HRA Attorney Charles Berquist and City Clerk Luedke. 2. Approval of Agenda MOTION made by Commissioner Schmidgall, seconded by Commissioner Clausen to approve the agenda of July 11, 2017, as submitted and the motion carried. 3. Approval of Minutes - Regular Meeting of April 13, 2017 MOTION made by Commissioner Fonnest, seconded by Commissioner Schmidgall to approve the Regular Housing and Redevelopment Authority minutes of April 13, 2017, as submitted and the motion carried. 4. Approval of Bills MOTION made by Commissioner Schmidgall, seconded by Commissioner Clausen to approve the bills as submitted and the motion carried. 5. Receipt of Financial Reports MOTION made by Commissioner Schmidgall, seconded by Commissioner Clausen to receive and file the September 2017 Financial Reports and the motion carried. 6. Tennant Company's World Headquarters Expansion: Resolution Expressing Intent to Consider Establishment of a Tax Increment Finance District for the Tennant Company's World Headquarters Expansion Physical Development Director Nevinski presented the staff report and answered questions from the Commissioners. Mr. Drew Johnson, Oppidan Investment Company, reviewed the application and project and answered questions from Commissioners. Mr. Carlos Fernandez, AFLA Landscaping, provided information on the proposed landscaping plan around the campus and answered questions from the Commissioners. Mr. Eric West. Architect, provided information on the how the building entry would look welcoming. There was discussion regarding Tennant Company and the intent to establish a Tax Increment Finance District. MOTION made by Commissioner Harris, seconded by Commissioner Fonnest to adopt HRA Resolution 17-03, expressing the intent to consider the establishment of a tax Housing and Redevelopment Authority Minutes July 11, 2017 Page 2 6. Tennant Company's World Headquarters Expansion - continued increment financing district for Tennant Company's World Headquarters expansion. Upon a vote being taken, the following voted in favor of: Clausen, Fonnest, Harris, Schmidgall and Snope, the following voted against the same: none and the motion carried. 7. Douglas Drive Corridor Redevelopment Area: Resolution Adopting the Redevelopment Plan for the Douglas Drive Corridor Project Area Physical Development Director Nevinski presented the staff report and answered questions from the Commissioners. MOTION made by Commissioner Harris, seconded by Commissioner Fonnest to adopt Resolution 17-04 of the Housing and Redevelopment Authority in and for the City of Golden Valley, Hennepin County, Minnesota Adopting the Redevelopment Plan for the Douglas Drive Corridor Project Area upon a vote being taken, the following voted in favor of: Fonnest, Harris, Schmidgall and Snope, the following voted against the same: Clausen and the motion carried. 8. Liberty Crossing Development Agreement: Consider First Amendment to the Development Agreement with Liberty Crossing Development Partners, LLC Physical Development Director Nevinski presented the staff report and answered questions from the Commissioners. Mr. Todd Schachtman, Developer, answered questions from the Commissioners regarding the solar project on the development. There was discussion regarding the development agreement with Liberty Crossing. MOTION made by Commissioner Harris, seconded by Commissioner Fonnest to approve the First Amendment to the Development Agreement with Liberty Crossing Development Partners, LLC upon a vote being taken, the following voted in favor of: Fonnest, Harris, Schmidgall and Snope, the following voted against the same: Clausen and the motion carried. 9. Highway 55 West Area: Resolution Authorizing Execution of Tax Increment Pledge Agreement with the City of Golden Valley Regarding Approximately $1,935,000 General Obligation Tax Increment and Improvement Bonds, Series 2017B Finance Director Virnig presented the staff report. MOTION made by Commissioner Schmidgall, seconded by Commissioner Harris to adopt HRA Resolution 17-05, authorizing Execution of a Tax Increment Pledge Agreement with the City of Golden Valley Regarding $1,935,000 General Obligation Tax Increment and Improvement Bonds, Series B upon a vote being taken, the following voted in favor of: Clausen, Fonnest, Harris, Schmidgall and Snope, the following voted against the same: none and the motion carried. Housing and Redevelopment Authority Minutes July 11, 2017 Page 3 10. First Consideration - Adoption of Proposed By-Laws Amendment - Resetting Annual and Regular Meeting Dates HRA Director Tim Cruikshank presented the staff report and answered questions from the Commissioners. MOTION made by Commissioner Harris, seconded by Commissioner Schmidgall to approve on first consideration the amendments of Section 1 and Section 2 of Article III of the Housing and Redevelopment Authority By-laws as follows: Section 1. Annual Meeting. The annual meeting of the Authority shall be held on the third Tuesday of January, at the regular meeting place of the Authority, unless changed at a scheduled meeting of the Authority held prior to the established date. Section 2. Regular Meetings. Quarterly meetings shall be held at the regular meeting place of the Authority on the third Tuesday of January (in conjunction with the annual meeting), April, July and October, unless a specific meeting is changed or cancelled at a scheduled meeting of the Authority held prior to the meeting to be changed or cancelled. 11. Adjournment MOTION made by Commissioner Schmidgall, seconded by Commissioner Clausen and motion carried to adjourn the meeting at 7:47 pm. r'`� j And Sn e, Chair ATTEST: ristine A. Luedke, City Clerk