04-09-13 HRA Agenda AGENDA
Regular Meeting
of the
Housing and Redevelopment Authority
Golden Valley Gity Hall
780Q Golden Valley Road
Council Chamber
April 9, 2013
6:30 pm
P, a9es
1. Rall Call
2. Approval of Agenda
3. Approval of Minutes -January 8, 2013 2-4
4. Approval of Bills:
Reimbursement of City Expenditures
City of Golden Valley $13,632.61 5
TOTAL 13 632.61
Bill Summarv:
General Fund $1,147.25
North Wirth
Capital Project Fund 4,471.41
Golden Hills
Tax Increment Fund 6,860.70
Capital Project Fund 1,153.25
TOTAL $13,632.61
5. Receipt of March 2013 Financial Reports 6-9
6. Golden Hills Redevelopment Area:
Global One Golden Valley, LLC Private Development Agreement - Site Plan 10-12
Approval
This dacument is available in alternate formats upon a 72-haur request. Please ca11
7b3-593-8Q06 (T`TY: 763-593-3968)to:make a request. Examples af alternate forrnats '
may include large print; electronic, Braille,audioeassette,etc.
HOUSING AND REDEVELOPMENT AUTHORITY
January 8, 2013
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 8, 2013 at 6:30 pm, in the City
Council Chambers.
The following members were present: Chair Paula Pentel and Commissioners Joanie
Clausen, Shep Harris, DeDe Scanlon and Steve Schmidgall. Also present were HRA
Director Thomas Burt, Assistant HRA Director Jeanne Andre, City Attorney Allen Barnard,
Finance Director Sue Virnig and Administrative Assistant Lisa Wittman.
Election of Officers
The HRA Bylaws provide for the annual election of the HRA Chairperson and Vice
Chairperson to serve a one year term. Chair Pentel opened the nominations.
MOVED by Scanlon and seconded by Harris to nominate Pentel for the office of Chair.
MOVED by Harris and seconded by Clausen to nominate Scanlon for the office of Vice
Chair.
Pentel and Scanlon accepted the nominations and the Commissioners voted unanimously
to appoint Paula Pentel as Chair and DeDe Scanlon as Vice Chair.
Approval of Aqenda
MOVED by Harris, seconded by Scanlon and motion carried unanimously to approve the
agenda as submitted.
Approval of Minutes — October 9, 2012 Reqular Meetinq and October 29, 2012 Special
Workshop Meetinq
MOVED by Harris, seconded by Clausen and motion carried unanimously to approve the
October 9, 2012 Regular HRA minutes and the October 29, 2012 Special Workshop HRA
minutes as submitted.
Apqroval of Bills
MOVED by Scanlon, seconded by Clausen and motion carried unanimously to approve the
bills as submitted.
Receipt of December 2012 Financial Reports
MOVED by Schmidgall, seconded by Scanlon and motion carried unanimously to receive
and file the December 2012 Financial Reports.
Housing and Redevelopment Authority
January 8, 2013
Page 2
Adoption of 2013 General Fund Budqet
Commissioner Scanlon introduced the following resolution and moved its adoption:
RESOLUTION 13-1
RESOLUTION OF THE HOUSING AND REDEVELOPMENT AUTHORITY (HRA)
ADOPTING THE 2013 GENERAL FUND BUDGET
The motion for the adoption of the foregoing resolution was seconded by Commissioner
Harris and upon a vote being taken thereon, the following voted in favor thereof: Clausen,
Harris, Pentel, Scanlon and Schmidgall 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.
Desiqnation of Depositories
Chair Pentel introduced the agenda item.
Commissioner Clausen introduced the following resolution and moved its adoption:
RESOLUTION 13-2
RESOLUTION DESIGNATING DEPOSITORIES FOR HRA FUNDS
The motion for the adaption of the foregoing resolution was seconded by Commissioner
Schmidgall and upon a vote being taken thereon, the following voted in favor thereof:
Clausen, Harris, Pentel, Scanlon and Schmidgall 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.
North Wirth Redevelopment Area: Third Amendment to GVEC Properties, LLC and
Consent Actreement with Stan Koch & Sons Truckina, Inc.
Jeanne Andre introduced the agenda item, noting that the proposed amendment would
allow the sale of land included in the original agreement to Stan Koch & Sons Trucking, to
expand its parking. Following this sale there would still be two building pads available on
the original site for the development of office condominiums. She answered from the
Commissioners.
MOVED by Clausen, seconded by Schmidgall and motion carried unanimously to approve
the third amendment to GVEC Properties, LLC private development agreement.
MOVED by Clausen, seconded by Schmidgall and motion carried unanimously to authorize
appropriate HRA officials to execute #he Consent Agreement with Stan Koch & Sons
Trucking, Inc.
Housing and Redevelopment Authority
January 8, 2013
Page 3
Adiournment
MOVED by Harris, seconded by Scanlon and motion carried unanimously to adjourn the
meeting at 6:46 pm.
Paula Pentel, Chair
ATTEST:
Lisa Wittman, Administrative Assistant
���� �� i';,
Housing and Redevelopment Authority
763-593-8002/763-593-8109(fax)
Executive Summary For Action
Golden Valley Housing and Redevelopment Authority Meeting
April 9, 2013
Agenda Item
4. Reimbursement of City Expenditures
Prepared By
Sue Virnig, Finance Director
Summary
As of March 31, 2013 the following expenditures were paid by the City on various check registers
and need to be reimbursed by the HRA:
Check
City Expenditures: Amount Number
1000 Hennepin County (2012 TIF administration charges) $7,388.11 113900
1000 Wilson Development (Globus relocation-December)* 153.50 114208
1000 Best & Flanagan (December legal) 561.40 114207
1000 Best & Flanagan (January legal) 3913.15 114509
1000 Wilson Development (Globus relocation-January)* 285.55 114510
1000 Wilson Development (Globus relocation-February)* 714.20 114680
1000 Best & Flanagan (February legal) 616.70 114834
$13,632.61
HRA Expenditures:
9000 General Fund $1,147.25
9160 Golden Hills Tax Increment Fund 6,860.70
9250 North Wirth #3* 4,471.41
9280 Golden Hills Capital Projects* 1,153.25
---------------------------------
$13,632.61
*Asterisk items are reimbursed by deposits held for developers.
Recommended Action
Motion to approve reimbursing the City of Golden Valley$13,632.61 (check#4053).
CI��1 ()� ��� E.
t��C��YI
�
Vt�.. �',� Housing and Redevelopment Authority
763-593-8002/763-593-8109(fax)
Executive Summary For Action
Golden Valley Housing and Redevelopment Authority Meeting
April 9, 2013
Agenda Item
5. Receipt of March 2013 Financial Reports
Prepared By
Sue Virnig, Finance Director
Summary
Attached is the March 2013 Financial Reports for Housing and Redevelopment Authority (HRA)
review. Staff will address questions from the HRA before or at the meeting.
Attachments
• HRA General Fund Budget Report (1 page)
� HRA Tax Increment District Projections for Golden Hills Tax Increment Funds (1 page)
• HRA 2013 Capital Project Funds Report (1 pagej
Recommended Action
Motion to receive and file the March 2013 HRA Financial Reports.
HRA of Golden Valley
General Fund
March 2013 Budget Report
Percentage Of Year Compieted 25%
Over % Of
2013 Jan-Mar YTD (Under) Budget
Revenue Budget Actual Actual Budget Received
Transfer from TIF Funds:
Golden Hills 159,000 0.00 0.00 (159,000.00) 0.00%
Interest Earnings (3) 0 0.00 0.00 0.00
Fund Balance 0 0.00 0.00 0.00
Totals $159,000 0.00 0.00 (159,000.00) 0.00%
Over % Of
2013 Jan-Mar YTD (Under) Budget
Expenditures Budget Actual Actual Budget Expended
Legal Services (1) $6,000 906.25 906.25 (5,093.75) 15.10%
Audit 12,000 0.00 0.00 (12,000.00) 0.00%
City Overhead (2) 140,000 0.00 Q.00 (140,000.00) 0.00%
Miscellaneous 1,000 0.00 0.00 (1,000.00) 0.00%
Totals $159,000 906.25 906.25 (158,093.75) 0.57%
Notes:
(1) Includes February to date billings from Best & Flanagan.
(2) Transfers will be made in July 2013.
O O �00 N � �- O
O i�pMNN � �
� � O O M � �
� � � � O N N
N � s- `�M tn CD
� � � �}
�
N OQO � O NM� O O f�
d' OCflCfl O � MN •- O �
� Od� '�t O �- � Md' O N
� CO O 0� CO � � M OO Cfl O� O
e- r- O tt � � O CO � 00 I� I�
p r- � � r- 00 � � O � �
N N � d' � � `�Ntn � �
� � � � bF}
d�} E�}
�h 000 O ��r- N N �
M OhI� O I� CUNCO d' d'
� O � � O �- i� Nr- � �
M N O N N � f� M 00 0� CO 00
� d' O '� � tf) r- M � Cfl �- N
� Cfl � � r- d- r- ('7 O e- �-
N O d' �' v ��N M N O
� `-� c- r-
E�} E!? E!-}
r
M
N
N �
O � N �
+r .Q .�.Q �
� ta N cII m
f� � �
.O U � U �
a o � o �
,*,, U
C� �+� � V
O 'a
� o �o +��+
N
� � � �N C� �
++ U Cp o c- G� M
C �O .,�i •� r
�
a�
a
E � N � N �
� � o � o c
= N .� m c m
'a
K � � cII �m � C
~ � N � C C C +�
� '� � � �
= C m � N � N O
� LL � O � � � � f�f�
.�.� �
� L L
� v � � � p � c � c d
� � (Q � �'' � (� � f6 N
� x U m C � � �- � I- � �S
_ � _ � X � N � � V � �-�' R�
� N � � � i C i 2 N � � 6 = •v
p - F- V ~ ctf N � O V X X X � C
(7 = � � � N W � � � � F'- F-' F'- Q- �L.
� � � V = � u� �' _ � (nmQQL1J a
� � a� a� � � � d � � u� �n cfl � _
oc � dv� � o x � � °o °o °oo 0
t� t� ,.. a � w � f- wi- � NNNI- m
HRA Of Golden Valley Capital Project Funds
2013 Financial Report 9280 9250
Golden North
Hills Wirth #3
Cash Balance @ 01/01/13 $286,679.31 $24.38
Add:
Receipts:
Interest
Lease revenue
Increment on Deposit 1,208.66
Less:
Expenditures:
City of Golden Valley (1) (527.42)
Transfer to TIF
Cash Balance @ 03/31/13 $286,679.31 $705.62
(1) Breakdown on City Expenditures Memo
CZ�� C?� ,���°
,
��
��. ��� Housing and Redevelopment Authority
763-593-80A2/763-593-8109(fax)
. � ._. � � ��: �
�:�:��.� �
Executive Summary For Action
Golden Valley Housing and Redevelopment Authority Meeting
Apri) 9, 2013
Agenda Item
6. Global One Golden Valley, LLC Private Development Agreement - Site Plan Approval
Prepared By
Jeanne Andre, Assistant Director, Housing and Redevelopment Authority
Summary
Under the terms of the development agreement with Global One Golden Valley, the HRA is to
review the site plan following preliminary approval by the City Council. This review is to determine
that the plan, if changed, still meets the HRA objectives.
Attached are the Preliminary PUD schematic site plan, colored site plan and perspective drawing of
the buildings, along with a copy of the site plan approved in the agreement approved by the HRA on
April 10, 2012.
The senior housing component has gone from a five-story 149 unit building to a six-story 120-unit
building. The market rate apartments have gone from a six-story 212-unit building to a 314-unit
building, still with six stories. The entrance, ponding and parking layout changed in response to
neighborhood concerns.
Attachments
• Attachment D - Preliminary Plans (The Three•Nine•Four, Site Option #37 dated April 10, 2012)
(1 page)
• The Three•Nine•Four, Rendered Site Plan dated February 11, 2013 (1 page)
Recommended Action
Motion to approve the Three•Nine•Four, Rendered Site Plan dated February 11, 2013, as the final
site plan for the Global One Golden Valley, LLC Private Development Agreement.
EXHIBIT D
PRELIMINARY PLANS
..���_,...�..�,
W.�
WF
^ u
� �1�H F
=o� i.
„u-
�x
/� � ,zu
� � .�i n \ oe�
� \ HI<
:�: � e�
/� :,�: - ° �
, � ,.� ��, �� �, �� �� N
..
, _� ���� ��� � �
/\ �`�� ��� c�
� � o
..
� ` / y', �� � ` � ,�
/' ,� . � � �� � � �p,
//\\� ,���t � � ' ����� �,� ¢
/ � ��, .. . - �Nn� �Q� �
)' r �N � O
� � . f
/ � .��� 6� - �� . �� �;M4 �""�
�(% I ��� . i. ��— � �
� �r:oNw
. ,m - ti
� ,.�+ I c, i' �
l � � ��� �
rI � O
� � - - � � I
1_ � , . �� , � �1—i71
` �?` � �� , �� `
� N 1 I 1�
� a. �
� � I i.- � I � o 'Z �
� I � � u�
� z
� _ _ � m' 'as H�
i z
� + �u;� m �/�
E �! y s � °�'� VL
� �} � Z o�t .g olo
� (� a 2 z��
� d � '" � � °d z�� N�u�'
,j I -0� I ( �
- :. - - -� � �.. � ���� 1 _ - _ _ M
� f - - - :k - - --_- - - - �
� , � .. ��
� �:, �� t �O
� _ _ � _. �� �
� �
'� ,� ; • x=}, Z� .
� pp 1 ��
� � � �' � �
I gg I i ��..
� ��- � �'' �; �-1D � .�
�g I � I ,, I � � Z
t��i�E � -. I I Q
! x x� ' H •
��6:�� i.. : �, • -
' - - - - �.• � ^,
, �- - _ _ .� _ , . .
� '.14fe�_ - - - — �/
, � �� � �
', � �����;1�� � � c
# - �
� �T�:����� - - ���� � E-� �
�� � � � �
�� �, ; • �
a �
,; I � �
b
I� � , I � �
� � � �
I' ' � Q
,� � �
n WU
�� i � � � Z �
' � � ow
; �
�
� � �--; � Q �
,�, ,, ; � � � � mo
, � �
- - - _ - � � I � iU
��� � � i - (�
,�,..,_...�..3_,.�3.,_��_�
Fw
uF
\\ I �Dx
\\ / rF<
\ \
� \ \\\ /
�/ �_ ,\ �
�� �`\ \\\ \ � �`` \
/ / � �� - \� � C M
� � �\
O � �� � �
, ������ ,� , �� a o
N
i� ��yr�'�� �' �'`\ � _
i; � \
V' �� �
�"� � � ,'��� ��`` 'V� � �' �
�
� � � � �
, ;_� j .'F'��' \ N c�
� E: � � I � �
^�� -�' <. �
��� ��° \���` � � ii
'� "� _ .�: 1\
,
,; � �
,�� ���� � � �. , �� � `i � � I
� I �
�./ ;�-��' � ,-� � :� � '�� '
i� � I
�L �� ;` _�� � I'� III
� � i� �
s a . '' ',' �I
i , ta�
� � i� � , �w.` 5�`� I I
� I
i�� `^ i' I
_ ": �' �
c000
� +'K.'i � .. � � Y� � I
I 1� y� �1�. '��� _ Q, �� �� � , �� �
/��� �_ - �� �
/ j__ ,�i:�,• � 0 � � �
i �! — �I �� - I 0 I
,�+,� ~o �' �.�;' i L.L i
:�.: � i ��
� �L� . i ` G� •
� ...... ... _ ��' � . '�..�i ^`
i � W
r .��� `� .. . �' - , a r '� �
� � " -� � ��'� ��
� ':;.� . � .I �.., .'�
� r ('� I i.�
�� � �'� e�l'� �_l ��° � �y ���: �
.1 M � I �
4 4 �� � •
: � "k {� �: I m
i { � '�'"x•< < I W �
, j " I '� ri ��S �_u .I �oco ; I N
I
�. � — — - '*:3 � � � ,.i� � I j � C
� 1 � 4x'1?: � � i._ I � C
t. .i' 1' � �
'� � G _� ",,�� �? ' �
' � `�!� .�. _ _`� � � �
r�,,'�"'� c�'�. ��`� ' ,1 � —
� `� i � �
_.�.�.`'t.u'2..�� ��: � .�..' ''� .A , y�`� , . .c. I � C
� I
� �� �Y � �� -..i _ . � �
I
I�� ,� I j = — I � C�
. � 1 4`� ����x. �
—C
�
,.�� � �`
�; --r'- j' � !1 Q
" � `i ' WU
� �� g 0 W
I � �
i � J
i i \ i � m0 i
� I � I i z� �� ��
�_ � �