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11-10-20 HRA Work Session Agenda Packet 01 7800 Golden Valley Road I Golden Valley,MN 55427 G1tJ.1 ®f 763-593-8012 I TTY 763-593-3968 1 763-593-8109(fax)I www.goldenvalleymn.govgolden ,,,,,, ,va Housing & Redevelopment Authority November 10,2020-6:30 pm WORK SESSION AGENDA This meeting will be held via Cisco Webex in accordance with the local emergency declaration made by the City under Minn. Stat. § 12.37. The public may monitor this meeting by calling 1-415-655-0001 and entering the meeting code 177 512 6154. For technical assistance, please contact support staff at 763-593-8007 or webexsupport@goldenvalleymn.gov. If you incur costs to call into the meeting, you may submit the costs to the City for reimbursement consideration. Additional information about for monitoring electronic meetings is available on the City website. Pages 1. Discussion of Metropolitan Council Housing Goals 2-15 2. Discussion of Meeting Schedule and Bylaw Changes 16-26 3. Adjournment RThis document is available in alternate formats upon a 72-hour request. Please call 763-593-8006 (TTY: 763-593-3968)to make a request. Examples of alternate formats may include large print, electronic, Braille,audiocassette, etc. 14 7 SUMMARY Housing and Redevelopment Authority 763-593-8006 / 763-593-8109 (fax) Golden Valley Housing and Redevelopment Authority Work Session November 10, 2020 Agenda Item 1. Discussion of Metropolitan Council Housing Goals Prepared By Jason Zimmerman, Planning Manager Summary In October of 2020, the City Council formally adopted the affordable and life-cycle housing goals provided by the Metropolitan Council as a step towards reenrolling in the Livable Communities Act (LCA). Council Members raised questions about these goals and what would be required of the City in the coming years, and added this topic to the agenda for the next Housing and Redevelopment Authority (HRA) Work Session. Background The Met Council forecasts future affordable housing needs using a regional economic model, then allocates a share of the overall need to each community. Golden Valley's 2040 Comprehensive Plan included an acknowledgment of the number of affordable housing units allocated to the City for the 2021-2030 time frame, and the Land Use and Housing chapters of the Comp Plan were written to provide enough capacity to absorb these units. 2030 Affordable Housing Need Allocation for Golden Valley At or below 30 percent AMI 106 units 31 to 50 percent AMI 68 units 51 to 80 percent AMI 48 units Total 222 units However, the Met Council also acknowledges that a lack of funding may make meeting this need difficult to achieve. Therefore, they have also set goals for each community that establish a range of units that they believe could be built. Their formula assumes funding would be provided for 45 percent of the units needed and then adds in an additional 10 percent as an aspirational target that could be reached through local actions and other funding sources. Therefore, the goal numbers are a range of 55 to 100 percent of the determined need. Housing and Redevelopment Authority Regular Meeting Executive Summary 2 City of Golden Valley November 10, 2020 2030 Affordable Housing Goals for Golden Valley Need allocation 222 units 45 percent (assumed funding) 100 units 10 percent (aspirational funding) 22 units Target range 122 to 222 units These affordability numbers are linked only to new units being created; the affordable housing goals do not take into account the number of Naturally Occurring Affordable Housing (NOAH) units already within the city, nor any efforts to preserve them. However, the City may choose to address these units in its Housing Action Plan (discussed below). Similarly, the Met Council reviews each City's Comp Plan to determine its capacity to provide multifamily units based on the adopted land use plan. It tempers the amount that could be provided under the maximum residential densities allowed by calculating the number that might reasonably be provided if average densities were used instead. This number then becomes the life-cycle housing goal for 2021-2030. For Golden Valley, the life-cycle housing goal is 643 units. Available Development Acres x Average Residential Density= Life-Cycle Housing Goal 2030 Life-Cycle Housing Goals for Golden Valley Size of Targeted Assigned Land Use Midpoint Density for Number of Units Development Parcel(s) Category Assigned Land Use 18.25 acres Neighborhood Mixed Use 19 units/acre 347 units 7.7 acres Neighborhood Mixed Use 27.5 units/acre 212 units (Transit Stop) 1.4 acres Community Mixed Use 60 units/acre 84 units Target 643 units These life-cycle housing numbers are not linked to affordability— it would be possible to provide affordable multifamily units that then meet the requirements of both categories. While the City officially adopted these targets, they are meant to serve as numbers to strive for and the City is not held to them and will not be penalized if they are not met. Adopting the goals allows the City to pursue various grant opportunities with Met Council Livable Community programs; it also provides encouragement to policy makers to continue working to address the region-wide shortage of affordable housing. Additional Requirements Two other requirements must be met for continued eligibility in the Local Housing Incentives Account Program which distributes LCA grant dollars. First, the City must adopt a Housing Action Plan consistent with the Met Council's housing policy. For now, the City's Housing chapter of the 2040 Comp Plan serves as the action plan, though additional details will likely be developed over the next few years. Housing and Redevelopment Authority Regular Meeting Executive Summary 3 City of Golden Valley November 10, 2020 The City's current Housing Strategic Plan, adopted in April, will provide the foundation for this future Housing Action Plan and is attached for reference. The Strategic Plan highlights three broad priorities for the City: 1. Preservation of Existing Housing and Tenant Protections 2. Increase in Housing Affordability to Diversify Housing Options and Opportunity 3. Increase in Diversity of Voices in Decision Making The City's approval of an HRA levy for 2021 and its commitment to hiring a Housing and Economic Development Manager are the most recent efforts to move forward on these goals. Secondly, the City must commit to spending its assigned Affordable and Life-Cycle Housing Opportunities Amount (ALHOA) contribution each year on affordable housing-related initiatives. This amount is determined by the Met Council annually based on the City's actions around new affordable or mixed-income housing, affordable housing preservation or rehabilitation, adopted housing policies and ordinances, and the characteristics of the of existing housing stock. Expenditures that "create affordable or life-cycle housing opportunities" are eligible to count towards the ALHOA contribution. This includes direct affordable housing assistance and development, rehabilitation activities, and staff time administering programs that create affordable housing opportunities. Supporting Documents • Golden Valley HRA Housing Strategic Plan (11 pages) i 1 1 1 lid tj QI illy I - y , - Jr wa rM ,P1�r U Housing Strategic Plan Table of Contents Summary.............................................................................Page 3 HRAGoals...........................................................................Page 3 HRA Housing Priorities, Tools & Strategies............................Page 4-8 Implementation...................................................................Page 9-1 1 PAGE 2 11 U Housing Strategic Plan Summary The City of Golden Valley's Housing and Redevelopment Authority (HRA) is a separate legal authority that guides and supports the housing and redevelopment projects in the City to: • provide a sufficient supply of adequate, safe and sanitary dwellings in order to protect the health, safety, morals, and welfare of the residents of the City; • remove blight, clean up environmental contamination, and provide for new development to enhance the community and increase the City's taxable valuation; • remedy the shortage of housing for Maintain a high-quality living environment, preserve stable residential neighborhoods, low to moderate income residents; and where necessary, improve the condition and of existing housing stock in the City. Fxnanr} V'?rirry of pn11.7inrn Onrinn.7 • preserve and promote economically Expand the variety of housing types and diverse housing options in the City. designs to allow all people a housing choice for all life stages and all economic means. The Housing Strategic Plan sets out the "" ,-.... 11,11, i . __111 1.1.1-.T specific priorities and funding needs to meet Increase housing opportunities at a cost that low- and moderate-income households can the housing and redevelopment goals of the afford without compromising their ability to City over the next 5 years. The strategic pay for the essential need. planning process identified the priorities Ftt«°lrage Environnnp 4r 1} C able Housinr based upon review and evaluation of the Encourage housing development that fOIIOWIng: maintains or enhances economic opportunity and community well-being while protecting • 2040 Comprehensive Plan and restoring the natural environment. • Housing Market Study dated March 6, "'O afiLE L Ui�y ifi HOUbif'g i-icI W LEb 2017 Advance fair and equitable opportunity in home ownership and renting for people of all • Stakeholder Input - Human Rights backgrounds and abilities. Commission, Rising TIDES, Golden Valley Affordable Housing Coalition, PRISM, Golden Valley Business Advisory Council and the Hopkins School District. • Affordable and market rate housing developer's needs. PAGE 3 Housing Strategic Plan HRA Housing Priorities 1 . Preservation of Existing Housing and Tenant Protections. Preserving the existing housing stock and providing options to protect tenants and existing homeowners from being priced out of the City is one of the top priorities of the HRA. The most affordable housing, both rental and ownership, is within the existing older properties, referred to as Naturally Occurring Affordable Housing (NOAH). Tools and Strategies for Preserving Housing and Protecting Tenants from Displacement • Tenant Protections o The tenant protection ordinance adopted on August 2018, requires that any new The Facts: owner of a property provide tenants a three months period where there is a pause on rent increase, tenant re- screening, and non-renewal of leases • The city's exi! !sina stock is without cause. If the new owner chooses aging - over 55% of the housing stock or does not comply with the three month was constructed between 1950s and pause, they will be required to pay 1 970's. relocation benefits to tenants. The goal . 65% of the housing stock is comprised is to protect lower income tenants from of ninnlf-family detachf and being displaced due to increase rents the majority are over 50 years old. without time to find alternate housing . 70% of the 'It?l hollsinc in the city and it allows the opportunity to access was built prior to 1990. potential tenant housing assistance. This and other protection efforts should be • 45% of all renter households ar ' reviewed annually for effectiveness and 53% of senior renter hou-,ehoh cost burdened paying more than 30% opportunities for improvement. of their income on housing cost, increasing the risk of residents 4d Affordable Housing Incentive choosing between paying rent, eating, Program covering healthcare costs and other g critical life and safety needs. o Adopted on October 15, 2019, the program allows qualifying low-income ant increase properties to be eligible for a rate &" at the same time there reduction in property taxes from 1 .25% was a reduction in supply with a to .75% per MN Statute in return for declining (39% reduction) vacancy rate. rents restricted to incomes at or below 60% of the Area Median Income (AMI). The City/HRA provides nominal assistance to the property owner who enters into a development agreement which requires a covenant on the deed of the property to ensure owners comply with the requirements to restrict at least 20% of the total units to incomes at or below 60% AMI. The program could preserve and/or create affordable rents for an estimated additional 500 units in the City. PAGE 4 Housing Strategic Plan • NOAH Rehabilitation and Maintenance Program o Program focused on providing public assistance to rental properties that need exterior, energy efficiency, fire suppression and other health, safety, crime reduction and livability improvements while ensuring that rents are kept affordable at or below 60% of the Area Median Incomes. • Housing Improvement Area o Housing Improvement Area (HIA) program, provided through legislative authority of a City, is a tool to support the renovation of older common interest communities (townhomes and condominiums). HIAs are requested only through a petition by common interest communities of more than 45% of the owners and requires a detailed process to ensure that improvements are necessary, and the property has no other feasible option for financing the improvements. The cost of the improvements is a fee added to individual property owners tax statement within the HIA designated area over a period of up to 20 years. The program can increase and/or stabilize property values and in turn local tax revenues. In addition, local policies can be put in place to ensure that this public financing tool helps to preserve owner occupied properties where owners have low- moderate incomes. • Aging in Place Programs and Access to Services o An aging in place strategy seeks to provide guidance and access to services for older residents remaining in their single-family home as they age. The strategy focuses on easy access to senior services, home renovation programs including accessibility and visit-ability improvements (ADA showers and tubs, stairway lifts, ramp and grab bars) and address health and safety and deferred maintenance issues. Other options to reduce the financial burden of low-income senior residents could include providing tax rebates, lower or waived fees for local services. r t. '4 Photo Credit: City of Golden Valley PAGE 5 U Housing Strategic Plan HRA Housing Priorities (continued) 2. Increase Housing Affordability to Diversify Housing Options and Opportunity in the City. There is a need to encourage opportunities to diversify the housing options in the City e acts: and support new affordable housing with a - - - Options particular focus on options for seniors, low income families and the younger generation. • Only 4% (48 units) of the new The younger generation values a sense of affordable hnracinn cnnctructed in place which includes social and the City si technological connectedness, sustainability, to a diversity and housing affordability. household earning less than 60 percent of the area median income Walkability and access to amenities and which is $60,000 for a family of gathering spaces are particularly important four. to this generation as is the availability of : The rental housing and affordable smaller sized population growth from 2016 to single-family options. 2021 for those age 65 to 84 is projected to have the greatest growth (percentage and ­W­ to Support r•,_ numerically) increasing by941 Affordable Housing people (+53.8%). Incomes of current older residents are lower than the median incomes in the City • Mixed Income Housing Policy and many City senior households o Adopted March 20, 2018, the policy wish to remain within their existing requires that new rental or ownership homes. developments of 10 or more units must The include a percentage of affordable units population of 18 to 34-year old's is as indicated in the policy plan. The policy expected to increase by 168 people goal is to ensure that high quality housing (+9.6%) between 2016 and 2021 . in the city is accessible to households These are the residents that tend to with a variety of income levels, ages, and rent and may be looking to put down roots in the community by sizes. purchasing their first home. • Publicly Owned Vacant Parcels for In 2019, over 400 homes were sold with a median sales price of Affordable Housing $343,000: up 10%from the o Prioritizing the development of publicly previous year; a+i a+ia+au+uau+ owned vacant parcels is an opportunity to . in for many first-time buyers. increase affordable single family and/or ,-demand jobs in the Twin Cities townhome development in the City. Joes not pay enough to afford the Actions to encourage affordable housing median rent or .,.- _.", w,,... ;ri development includes proactively Golden Valle% These include preparing the sites to be development critical workers to support business ready, offering the sites for a reduced vitality and resident services such as cashiers, retail workers, personal price and clearly outlining policies for care aides, nursing assistants, their development through a public land janitors and customer service disposition policy. representatives. PAGE 6 Housing Strategic Plan • Smaller Lot Redevelopments o Identify areas in the City appropriate for smaller lot redevelopments to increase the options and opportunities for younger households, low income households and those residents who would like to stay in the community and move from their existing single-family home to a lower maintenance smaller home. • Accessory Dwelling Units o Support, through zoning code, the increase of multi-generational improvements or options to allow units to be constructed on site or within existing building footprint called accessory dwelling units (ADU). • New Affordable Senior Housing o Encourage affordable senior housing development through support of increased densities, fee waivers and public finance assistance of redevelopment parcels in the City. • Affordable First-Time Buyers o Evaluate options to support affordable, first time home buyer options including Community Land Trusts, down payment assistance and lower mortgage options. In addition, provide gap funding for buyers to purchase existing homes from senior households to regenerate existing older single-family neighborhoods. • New Affordable Rental Housing o Encourage new affordable rental housing through implementation of the city's mixed income housing policy, support of increased densities, fee waivers and public finance assistance to provide an opportunity for the younger generation to have affordable options to "try out" a community prior to making the transition to home ownership. b _7 s: Ir jjkl r Photo Credit: City of Golden Valley PAGE 7 Housing Strategic Plan HRA Housing Priorities (continued) -a- _rsit­ " ' ' , ir* " Ision Making. As suburban cities change in age, gender and ethnicity, it will be important to provide opportunities to understand the values and challenges of diverse voices and opinions. The housing options that were once desired by the older generations have changed and will continue to evolve. The Housing Strategic Plan places value on the need to hear from diverse voices as part of their decision-making process for housing policies and programs. Tools and Strati, , _ _ _ _ ____ ___ _ ______ __ _ • Utilize Existing Resident Groups o Seek input from established city resident groups and commissions including Rising TIDES, Human Rights Commission and Golden Valley Affordable Housing Coalition • Ensure Multiple Perspectives and Voices in Decision Making o Evaluate various ways to authentically and regularly engage residents o Connect with and seek input from those who may be most impacted by decisions related to housing programs and policies including ■ Seniors ■ Younger Generation ■ Businesses ■ Renters ■ Multi Family Owners ■ Racially and Culturally Diverse Residents m � Photo Credit: City of Golden Valley PAGE 8 U Housing Strategic Plan Implementation The three priorities outlined in the Housing strategic plan and implementation of the tools and strategies will require additional staff and funding resources to be successful over the next 5 years. The following are key implementation steps to be successful in preserving housing, increasing tenant protections, providing more housing options and engaging diverse voices in the City. "-F-F r-nacity to, • Implement and administer existing and new housing policies and programs. • Serve as a key contact person to engage with existing rental property owners of NOAH units regarding the Tenant Protections Ordinance, 4d Affordable Housing Incentive Program and identify other current and future issues and opportunities in multi-family rental housing. • Build relationships with existing rental property owners and non-profit and socially mission based housing developers to facilitate preservation of NOAH housing and reduce tenant displacement as property is sold and/or improved. • Serve as a resource of information to the general public regarding housing issues, opportunities and services and focus on creating a robust, easy to use resource page on the City website. • Be a gatekeeper for developer request for state tax credits, bonding and other state, regional, county or local funding opportunities and partnerships. • Administer notices and provide compliance related to tenant protection ordinance, 4d Affordable Housing Incentive Program, Fair Housing Policy, Mixed Income Housing Policy and other HRA Housing policies and programs. • Work with the community to prioritize properties for smaller lot housing and increased housing density including allowing accessory dwelling units, utilization of modular constructed housing and opportunities to increase townhomes and duplex development. • Research programs for first time buyers and/or lower income purchase programs such as down payment assistance, lower mortgage interest programs, home renovation funding and community land trusts. • Identify needs of low-income senior owners and research options to assist in the transition of senior owners wanting to move and younger first-time buyers to regenerate existing single-family neighborhoods. • Facilitates Housing Improvement Area requests from older common interest community complexes. PAGE 9 ul. Housing Strategic Plan Implementation (continued) 2. Funding Sources and Financial Strategies to Sur- ,--,-" � ' Housing f"l—tegic Plan Establish an Annual HRA Levy The primary method of financing the delivery and administration of housing and redevelopment programs is to utilize the HRA authority provided through Minnesota State Statute to levy a tax to give, sell, buy, transfer, or convey properties as necessary to remove blight and promote affordable, safe and decent housing. • An HRA levy provides a dedicated source of funds focused on housing and redevelopment needs of the City and helps to build a financial foundation to enable the delivery of the goals and policies outlined in the Housing Strategic Plan. • An annual fund through an HRA tax levy will support staff, and housing programs as identified in the Housing Strategic Plan. • The HRA levy will be evaluated and set annually by the City Council upon the recommendation of the HRA. Consider Benefits of Establishing a Local Housing Trust Fund (LHTF) Housing Trust Funds provide a consistent, flexible resource for housing within a local jurisdiction and provides an opportunity to leverage other public and private resources and jumpstart projects that draw private investment and jobs. Benefits of a LHTF include the following: • Consistent, dedicated revenue stream for housing to support affordable, workforce, or other special housing needs; the majority are funded through a local HRA Levy but can also receive private donations, corporate contributions, grant funds, conduit bonding fees, tax increment proceeds, and other public and private dollars. • Leverages other funding for affordable housing programs and developments and opens up access for potential MN State Legislature seed capital if approved and funded. • Economic multiplier that supports investments in housing construction and rehabilitation, including redevelopment of sites, adding to the tax base and creating jobs. PAGE 10 Housing Strategic Plan Establish and/or modify the City's Public Subsidy Policy To be successful in achieving the priorities outlined in the Housing Strategic Plan, it will be important for the HRA and City Council to clearly outline the goals and objectives of providing public funds for housing and redevelopment. This includes identifying policies related to use of an HRA Levy, Housing Trust Fund, Tax Increment Financing, Tax Abatement and any funds accepted and utilized for the purpose of implementing the Housing Strategic Plan. The benefits of establishing and/or modifying City Public Subsidy Policy with a clear, strong public finance policy that outlines the goals and objectives of the City includes the following: • Ensure that the City/HRA leaders are accountable to their residents with regards to how public resources are utilized. • Send a strong message to the development community regarding the methods that the City/HRA is willing to support and partner to achieve community goals. • Provide clarity to residents as well as the development community that in turn decreases uncertainty and risk resulting in lower affordable housing project costs. I , I Photo Credit: City of Golden Valley PAGE 11 tikECUTIVE SUMMARY Housing and Redevelopment Authority 763-593-8006 / 763-593-8109 (fax) Golden Valley Housing Redevelopment Authority Work Session November 10, 2020 Agenda Item 2. Amendment to Housing and Redevelopment Authority By-Laws Prepared By Marc Nevinski, Physical Development Director Sue Virnig, Finance Director Summary Staff is recommending amendments to Article 111—Meetings of the Housing and Redevelopment Authority (HRA) By-laws modifying the quarterly regular and work session meetings to align the HRA's budget and levy approval schedule with that of the City. This modification to the meeting schedule will avoid the need for the HRA to annually hold special meetings to approve its levy and budget. Furthermore, staff will remove the Reimbursement of Expenditures. The City will pay the claims with its normal process and shown on the City check register. Any HRA expenditures will be reported on the HRA financial reports. The proposed modifications are shown in the redline below. Section 1. Annual Meeting. The annual meeting of the Authority shall be held on the third Tuesday of jaRuaFy March, 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. Meetings shall be held quarterly at the regular meeting place of the Authority on the third Tuesday of 4@RH@FyMarch (in conjunction with the annual meeting), Af)4 June,4-w�Seatember and Qc#eher December, 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. Section 3. Work Sessions. Work Session meetings shall be held quarterly on the second Tuesday of Februarv, e May, Se Au ust and PP November unless a specific meeting has been changed or cancelled prior to the meeting date. Section 4. Meeting Times. Standard meeting times for the annual and regular meetings and work sessions meetings shall be established by resolution of the Authority and may only be changed by subsequent resolutions. The Authority may, however, change the meeting time for a specific meeting by motion aaaroved at a scheduled meeting of the Authority held prior to the meeting to be changed. HRA Work Session Executive Summary 2 City of Golden Valley November 10, 2020 Section 8. Order of Business. shall be amended to delete Reimbursement of Expenditures from the section. Financial Or Budget Considerations Not applicable Supporting Documents • Draft HRA Resolution #20-05 Amending Housing and Redevelopment Authority By-Laws (2 pages) • Draft By-Laws of the Golden Valley Housing and Redevelopment Authority (7 pages) HRA RESOLUTION NO. 20-05 RESOLUTION AMENDING THE HOUSING AND REDEVELOPMENT AUTHORITY BY-LAWS WHEREAS, the Housing and Redevelopment Authority (Authority) for the City of Golden Valley desires to change a portion of its By-laws. NOW, THEREFORE, BE IT RESOLVED by the Golden Valley Housing and Redevelopment Authority in and for the City of Golden Valley, Minnesota that the following amendments to its By-Laws are hereby adopted: Section 1. By-Laws of the Golden Valley Housing and Redevelopment Authority, Article III, Section 1 is amended to read as follows: Section 1 . Annual Meeting. The annual meeting of the Authority shall be held on the third Tuesday of March, 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. By-Laws of the Golden Valley Housing and Redevelopment Authority, Article III, Section 2 is amended to read as follows: Section 2. Regular Meetings. Meetings shall be held quarterly at the regular meeting place of the Authority on the third Tuesday of March (in conjunction with the annual meeting), June, September and December, 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. Section 3. By-Laws of the Golden Valley Housing and Redevelopment Authority, Article III, Section 3 is amended to read as follows: Section 3. Work Sessions. Work Session meetings shall be held quarterly on the second Tuesday of February, May, August and November unless a specific meeting has been changed or cancelled prior to the meeting date. Section 4. By-Laws of the Golden Valley Housing and Redevelopment Authority, Article III, Section 4 is amended to read as follows: Section 4. Meeting Times. Standard meeting times for the annual and regular meetings and work sessions meetings shall be established by resolution of the Authority and may only be changed by subsequent resolutions. The Authority may, however, change the meeting time for a specific meeting by motion approved at a scheduled meeting of the Authority held prior to the meeting to be changed. Section 5. By-Laws of the Golden Valley Housing and Redevelopment Authority, Article III, Section 8 is amended to read as follows: HRA Resolution 20-05 -2- December 1 , 2020 Section 8. Order of Business. At the regular meetings of the Authority, the following shall be the order of business: 1 . Roll Call 2. Approve Agenda 3. Consent Agenda Approval of Minutes Receipt of Financial Reports Routine Items if needed to be approved 4. Public Hearing (if needed) 5. Old Business 6. New Business 7. Adjournment All resolutions shall be in writing and shall be copied in the journal of proceedings of the Authority. BE IT FURTHER RESOLVED that the By-laws as herein amended are attached and labeled "Exhibit A" By-laws of the Golden Valley Housing and Redevelopment Authority. Adopted by the Housing and Redevelopment Authority this 10th day of November, 2020. Larry Fonnest, Chair ATTEST: Timothy J. Cruikshank, Executive Director Exhibit A BY-LAWS OF THE GOLDEN VALLEY HOUSING AND REDEVELOPMENT AUTHORITY Article I — The Authority Section 1 . Name of Authority. The name of the Authority shall be the "Housing and Redevelopment Authority of Golden Valley, Minnesota". Section 2. Seal of Authority. The seal of the Authority shall be in the form of a circle and shall bear the name of the Authority and the year of its organization. Section 3. Office of Authority. The offices of the Authority shall be at the Golden Valley City Hall, 7800 Golden Valley Road, in the City of Golden Valley, State of Minnesota, but the Authority may hold its meetings at such other place or places as it may designate by resolution. Article II — Officers Section 1 . Officers. The officers of the Authority shall be a Chairperson and Vice- Chairperson. Section 2. Chairperson. The Chairperson shall preside at all meetings of the Authority. Except as otherwise authorized by resolution of the Authority, the Chairperson shall sign all contracts, deeds and other instruments made by the Authority. At each meeting, the Chairperson shall submit such recommendations and information as he/she may consider proper concerning the business, affairs and policies of the Authority. Section 3. Vice-Chairperson. The Vice-Chairperson shall perform the duties of the Chairperson in the absence or incapacity of the Chairperson; and in the case of the resignation or death of the Chairperson, the Vice-Chairperson shall perform such duties as are imposed on the Chairperson until such time as the Authority shall select a new Chairperson. Section 4. Director. The Director shall be the City Manager of Golden Valley. He/she shall have responsibility for the general supervision of the projects of the Authority and supervision of the personnel of Golden Valley who are to furnish services to the Authority. He/shall perform, or have performed, such activities as the Authority shall from time to time reasonably request. He/she shall be responsible for the care and custody of all funds of the Authority and for the deposit thereof in the name of the Authority in such bank or banks as the Authority from time to time shall designate; for the keeping of regular books of accounts showing receipts and expenditures; for rendering to the Authority, at each quarterly meeting of the Authority, an account of the income and expenses of the Authority, for rendering of such additional financial and other reports as the Authority from time to time shall request. Section 5. Support Personnel. The Director shall be responsible for and have the authority to, employ, terminate or utilize other available personnel to perform HRA functions. This authority is in keeping with and under the same provisions as the City Manager of the City of Golden Valley is empowered to direct personnel under State law. Such personnel may include an Assistant Director who may perform the duties of the Director in his or her absence. Section 6. Secretary. The Secretary shall be any one of the secretaries made available from time to time by the Director for use by the Authority from the personnel of Golden Valley and shall perform all duties required of the position, including but not limited to, the following: taking of dictation, doing typing and filing for any of the Authority's administrative staff, taking minutes and keeping records of meetings of the Authority, public hearings, and staff meetings as required by the Director, and any other secretarial work necessary to the timely and successful completion of the Authority's projects, as required by the Director. Section 7. Additional Duties. The officers of the Authority shall perform such other duties and functions as may from time to time be required by the Authority or the By-Laws or rules and regulations of the Authority. Section 8. Election or Appointment. The first Chairperson shall, pursuant to his/her appointment, serve in the capacity of Chairperson until the expiration of his/her term of office as Commissioner. The vice-Chairperson and the Chairperson shall be elected at the annual meeting of the Authority from among the Commissioners of the Authority, and shall hold office for one year or until their successors are elected and qualified. Section 9. Vacancies. Should the office of Chairperson or Vice-Chairperson become vacant, the Authority shall elect a successor from its membership at the next regular meeting, and such election shall be for the unexpired term of said office. When the office of the Director becomes vacant, the Authority shall appoint a successor, as aforesaid. Section 10. Additional Personnel. The Authority may, from time to time, employ such personnel as it deems necessary to exercise its powers, duties, and functions as prescribed by the Municipal Housing and Redevelopment Law of Minnesota applicable thereto. The compensation of such personnel (including the Director) shall be determined by the Authority subject to the laws of the State of Minnesota. Article III — Meetings Section 1 . Annual Meeting. The annual meeting of the Authority shall be held on the third Tuesday of March, 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. Meetings shall be held quarterly at the regular meeting place of the Authority on the third Tuesday of March (in conjunction with the annual meeting), June, September and December, 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. Section 3. Work Sessions. Work Session meetings shall be held quarterly on the second Tuesday of February, May, August and November unless a specific meeting has been changed or cancelled prior to the meeting date. Section 4. Meeting Times. Standard meeting times for the annual and regular meetings and work sessions meetings shall be established by resolution of the Authority and may only be changed by subsequent resolutions. The Authority may, however, change the meeting time for a specific meeting by motion approved at a scheduled meeting of the Authority held prior to the meeting to be changed. Section 5. Special Meetings. Special meetings of the Authority may be called by the Chairperson or two members of the Authority for the purpose of transacting any business designated in the call. The call for a special meeting may be either: (a) in writing and delivered at any time prior to the time of the proposed meeting to each member of the Authority or mailed to the business or home address of each member of the Authority, or (b) verbal by direct contact or telephone. In any event, said call shall be given at least two (2) days prior to the date of such special meeting, and it shall be posted in accordance with the Minnesota Open Meeting Law. At such special meetings no business shall be considered other than as designated in the call, but if all the members of the Authority are present at special meetings, any and all business may be transacted as such special meeting. Section 6. Executive Session. Upon being duly noticed, all or part of any regular or special meeting may be held as a closed, executive session to the extent permitted by Minnesota Law. Section 7. Quorum. The powers of the Authority shall be vested in the Commissioners thereof in office from time to time. Three Commissioners shall constitute a quorum for the purpose of conducting its business and exercising its powers and for all other purposes, but a smaller number may adjourn from time to time until al quorum is obtained. When a quorum is in attendance, action may be taken by the Authority upon a vote of a majority of the Commissioners present. Section 8. Order of Business. At the regular meetings of the Authority, the following shall be the order of business: 1 . Roll Call 2. Approve Agenda 3. Consent Agenda Approval of Minutes Receipt of Financial Reports Routine Items if needed to be approved 4. Public Hearing (if needed) 5. Old Business 6. New Business 7. Adjournment All resolutions shall be in writing and shall be copied in the journal of proceedings of the Authority. Section 9. Manner of Voting. Yeas and Nays of the Commissioners shall be recorded on all matters before the Authority, except those questions requiring a roll call vote. The voting on all matters shall be entered upon the minutes of such meeting. Article IV— Disbursement of Funds Funds shall be appropriated and disbursed by the Director under the direction of the Authority. There will be a two-signature requirement on any check issued by the Authority. Persons authorized to sign Authority checks are the Chairperson (or Vice-Chairperson in the absence of the Chairperson), and the Director. The signatures of the Chairperson or Vice-Chairperson may be by signature stamp to the extent authorized by the Chairperson or the Vice-Chairperson. Article V — Amendments Amendments to By-Laws. The By-Laws of the Authority shall be amended the affirmation vote of at least three of the members of the Authority. Article VI — Code of Ethics Section 1 . Policy. Subdivision 1 . General Declaration of Policy. It is imperative that all persons acting in the public service not only maintain the highest possible standards of ethical conduct in their transaction of public business, but that such standards be clearly defined and known to the public as well as to the persons acting in public service. The proper operation of democratic government requires that public officials be independent, impartial and responsible to the people; that governmental decisions and policies are made in the proper channels of the governmental structure; that public office not be used for personal gain; and that the public have confidence in the integrity of its government. In recognition of these goals there is hereby established a Code of Ethics for public officials of the Authority. The purpose of this Code is to establish ethical standards of conduct for such officials by setting forth those acts or actions that are incompatible with the best interests of the Authority and by directing disclosure by such officials of private, financial or other interests in matters affecting the Authority. The provisions and purpose of this Code are declared to be in the best interests of the Authority. Subdivision 2. Responsibilities of Public Office. Public officials are agents of public purpose and hold office for the benefit of the public. They are bound to uphold the Constitution of the United States and the Constitution of this State and to carry out impartially the laws of the nation, state and municipality and thus, to foster respect for all government. They are bound to observe in their official acts, the highest standards or morality and to discharge faithfully the duties of their office. Subdivision 3. Dedicated Service. All officials of the Authority shall be dedicated to fulfilling their responsibilities of office described herein. They shall be dedicated to the public purpose and all programs developed by them shall be in the community interest. Public officials shall not exceed their authority or breach the law or ask others to do so, and they shall work in full cooperation with other public officials and employees unless prohibited from doing to by law or by officially recognized confidentiality of their work. Subdivision 4. Scope of Persons Covered. The provisions of this Code of Ethics shall be applicable to the Director, all Commissioners of the Housing and Redevelopment Authority of Golden Valley, Minnesota, and all advisory commissions and committee members thereof. The Director shall promulgate a similar Code of Ethics for paid employees and consultants. Section 2. Fair and Equal Treatment. Subdivision 1 . Subject to the provisions of Subdivision 3 below, no commissioner, advisory commission member or committee member, while acting as such, shall participate in the discussion of, or vote on, any issue in which he or she had any direct financial or personal interest which arises from blood or marriage relationships. "Direct financial interest" is hereby deemed to mean such an interest as would involve a reasonable likelihood to gain having a monetary value of substance. "Blood relationships" and "marriage relationships" shall be deemed for the purpose hereof to include only immediate family relationships of the first degree: spouse, children, mother, father, father- in-law, mother-in-law, stepfather, stepmother, brother, sister, sister-in-law and brother-in- law. Subdivision 2. Subject to the provisions of Subdivision 3 below, if a commissioner, advisory commission member or committee member has a financial interest in a business, investment, or transaction, which has a matter pending before the Authority, he or she shall not participate in the discussion as such public official or vote on the matter. Subdivision 3. No persons covered by this Code of Ethics shall take any official action with respect to a matter in which he or she has a direct financial interest or personal interest which arises from blood or marriage relationships, provided that participation in the decision-making process on his or her own behalf as a private citizen shall not be prescribed by this Code of Ethics, and provided further that he or she may participate in matters leading up to or preliminary to official action to the extent that he or she may have in the same and to the extent that he or she has no discretion to make a final controlling judgment or vote on the same. Disclosure of any such financial or personal interest shall be made to the board, commission or committee of which the person is a member when the item appears on the agenda. Such disclosures shall be recorded in the minutes and become a matter of public record. Subdivision 4. No person covered by this Code of Ethics shall, without proper legal authorization, disclose confidential information concerning the property, government, or affairs of the Authority, nor shall he or she use such information to advance the financial or other private interests of any person. Subdivision 5. No person covered by this Code of Ethics shall directly or indirectly solicit any gift or accept or receive any gift of substance whether in the form of money, services, loan, travel, entertainment, hospitality, promise or any other form, under circumstances in which it could be reasonably inferred that the gift was intended to influence him or her, or could reasonably be expected to influence him or her in the performance of his or her official duties or was intended as a reward for any official action on his or her part. Subdivision 6. Commissioner shall appear in behalf of another's private interest before the commission, any committee or board of the Authority, nor shall he or she represent another's private interests in any action or proceeding against the interests of the Authority in which the Authority is a party. Subdivision 7. Except as specifically authorized by Section 471.88 of the Minnesota Statutes, no person covered by this Code of Ethics who is authorized to take part in any manner in making any sale, lease or contract in his official capacity shall have a direct financial interest in that sale, lease or contract or personally benefit financially therefrom. Section 3. Public Disclosure by Commissioners. Subdivision 1 . Unless already on file pursuant to the Golden Valley Code of Ethics, within 30 days after the effective date of this Code of Ethics, each member of the Authority shall file, as a public record, in the office of the Director, a signed statement disclosing the following: 1 . A list of names of all business corporations, governmental agencies, companies, firms or partnerships or other business with the Authority or at some location within the City of Golden Valley (a) with which he or she is connected as an employee, officer, owner, director, trustee, partner, advisor, consultant, fiduciary (other than as a nominee), or (b) in which he or she has any continuing financial interest, through a pension or retirement plan, shared income, or otherwise, as a result of any current or prior employment or business or professional association, or (c) in which he or she has any financial interest through the ownership of stocks, bonds or other securities. 2. A list of his or her interests in real property or rights in the same located within the City of Golden Valley. Subdivision 2. Within 30 days after each anniversary date of initial filing each person required to make such a filing under this Section 4 shall file a new disclosure statement setting forth the information required hereby as of the time of the new statement. Subdivision 3. Material changes in financial interest or in positions held shall be disclosed by filing an amended disclosure statement within 30 days after such interest is obtained or such changed position occurs. Subdivision 4. This Code of Ethics shall not be construed to require the filings of any information relating to any persons' connection with, or interest in, any professional society or any charitable, religious, social, fraternal, educational, recreational, public service, civic or political organization, or any similar organization not conducted as a business enterprise or governmental agency and which is not engaged in the ownership or conduct of such a business enterprise or governmental agency. Nor shall disclosure be required hereby where prohibited by professional or business association ethics promulgated by any agency. Subdivision 5. The Director shall inform each person required by this Section 4 to file a disclosure statement at the time and place for filing. The Director shall notify the Authority whenever a person who is required by this Section 4 to file a disclosure statement who fails to do so.