09-11-12 Special HRA Workshop Minutes HOUSING AND REDEVELOPMENT AUTHORlTY
Special Workshop Meeting
September 11, 2012
Pursuant to due call and notice thereof, a special workshop 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 September 11, 2012 at 6:30 pm, in the
City Council Conference room.
The following members were present: Chair Paula Pentel and Commissioners Joanie
Clausen, Mike Freiberg, Shep Harris and DeDe Scanlon. Also present were HRA Director
Thomas Burt, Assistant HRA Director Jeanne Andre, Finance Director Sue Virnig, Director
of Planning and Development Mark Grimes and Administrative Assistant Lisa Wittman.
Public Improvements - Tiburon Proiect - 55 West Area
Chair Pentel explained that the purpose of this workshap is to discuss whether or not the
HRA is willing to support creating a tax increment renewal and renovation district to help
fund the public improvements surrounding the proposed Tiburon apartment project on
Olson Memorial Highway.
Burt stated that there are several older and vacant properties in this area that are prime for
redevelopment. He explained that a Tax Increment Finance (TIF) district for this area will
help pay for sidewalks, street lights, bike lanes and improvements to the TH 55 slip ramp.
He noted that this request has been initiated by staff and not the developer of the Tiburon
project.
The Commissioners reviewed a map of the proposed TIF area and discussed their
concerns including other ways to pay for the possible public improvements, if creating this
TIF District will affect the creation of TIF Districts in other areas, if creating this TIF district
would have a negative impact on the City's debt load and if making the public
improvements would spur further redevelopment in the area.
After discussion, the consensus from the Commission was to move forward with the
proposed TIF district. Burt said he would bring this item to the next HRA meeting.
The meeting was adjourned at 7 pm.
Paula Pentel, Chair
ATTEST:
Lisa Wittman, Administrative Assistant