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HRA Minutes 04-07-1993 . . . MINUTES MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY Wednesday, April 7, 1993 - 7:00 p.m. City Hall MEMBERS PRESENT: Chairperson Al Larson, Vice Chairperson Ben Smith, Lowell Schrupp, Everette Ellison, and Tom St. Hilaire. STAFF PRESENT: Rick Wolfsteller and Ollie Koropchak. STAFF ABSENT: Jeff O'Neill. 1. CALL TO ORDER. Chairperson Larson called the HRA meeting to order at 7:03 p.m. 2 . CONSIDERATION TO APPROVE THE MARCH 3, 1993 HRA MINUTES. Chairperson Larson requested that under agenda item #2, the name Mr. Larson be corrected to read Brad Larson or Al Larson, as appropriate. Ben Smith made a motion to approve the March 3, 1993 HRA minutes with the requested corrections. Tom St. Hilaire seconded the motion and with no further corrections or additions, the minutes were approved. 3. CONSIDERATION TO ADOPT A RESOLUTION FOR MODIFICATION OF THE REDEVELOPMENT PLAN RELATING TO REDEVELOPMENT PROJECT NO.1, THE MODIFICATION OF THE TIF PLANS RELATING TO TIF DISTRICT NOS. 1-1 THROUGH 1-14 AND THE APPROVAL AND ADOPTION OF THE TIF PLAN FOR TIF DISTRICT NO. 1-15, ALL LOCATED WITHIN REDEVELOPMENT PROJECT NO.1. Koropchak reviewed the highlights of the plan for TIF District No. 1-15 being created for Stephen P. and Joan M Birkeland, Jr. Through the adoption of the enclosed resolution, the HRA would be approving this plan, and modifying the plans for TIF District Nos. 1-1 through 1-14 and the redevelopment plan for Redevelopment Project No.1. The HRA determined that the District No. 1-15 plan complied with the TIF Guidelines and Redevelopment plan objectives; therefore, Everette Ellison made a motion to adopt the resolution for modification of the Redevelopment Plan relating to Redevelopment Project No.1, the modification of the TIF Plans relating to TIF District Nos. 1-1 through 1-14 and the approval and adoption of the TIF Plan for TIF District No. 1- 15, all located wi thin Redevelopment Project No.1. The motion was subject to the execution of the Private Development . . . HRA MINUTES APRIL 7, 1993 Contract between the HRA and the Birkelands on or prior to April 12, 1993. Seconded by Tom St. Hilaire and without further discussion, the motion passed unanimously. 4. CONSIDERATION TO REVIEW AND ACCEPT THE PRELIMINARY DRAFT OF THE PRIVATE DEVELOPMENT CONTRACT BETWEEN THE HRA AND STEPEN P. AND JOAN M. BIRKELAND, JR. (CUSTOM CANOPY). Koropchak reviewed the Private Development Contract as prepared by Mr. John Dean, Holmes & Graven, with HRA members. A copy of the contract was provided to the developers and the developer's attorney. The contract which supports the TIF Plan defines the development obligations of the Birkelands and the obligations of the HRA. Ben Smith made a motion accepting the terms of the preliminary draft of the Private Development Contract and authorized the HRA Chairperson to execute the contract. Seconded by Lowell Schrupp and wi thout further discussion, the motion passed unanimously. 5. CONSIDERATION OF AN UPDATE ON THE GUARDIAN ANGELS FOUNDATION SENIOR HOUSING PRESENTATION. Koropchak reported that since preparation of the HRA agenda and the meeting of April 2 between Carol Mills and Barb Schwientek, the HRA is being asked to consider authorizing the preparation of a senior housing market study, preparation to be completed by Pat McCullough. The completed study must meet both FmHA and HUD funding application requirements. Via Ms. Schwientek, Brad Larson was contacted and agreed to the preparation of a market study by Pat McCullough. The HRA is being asked to authorize preparation of the study in order to meet the 1993 funding application deadlines. If either funding is approved, the HRA will be reimbursed for all or part of the market study fee. The study will be for both congregate and assisted-living housing. An FmHA moratorium limi ts the maximum number of uni ts for assisted-living to twenty-four; however, the moratorium does not apply to congregate housing. The January HRA minutes read that time for completion of Phase I is 6 to 8 weeks for an approximate cost of $5,600 and if warrantable, Phase II would be completed within another one- to-two weeks for an approximate cost of $3,500. Chairperson Larson reported that the Monticello-Big Lake Hospital District has expressed an interest as developers. Under that scenario, Carol Mills would act as a consultant, the Hospi tal Board would be the sponsoring board, and a Page 2 . . . HRA MINUTES APRIL 7, 1993 community board (to be established) would serve as the non- prof i t organization. Potential si te of interest is to the east of the Hospital District boundary. Chairperson Larson listed the three developer options as Brad Larson, Guardian Angels, and the Monticello-Big Lake Hospital District; however, he did not endorse, support, or recommend anyone developer. HRA opinions varied on whether to or not to authorize the preparation of a market study. Tom St. Hilaire felt the HRA should act as a facilitator only and not claim ownership; authorization of a market study meant it becomes an HRA project. Ben Smith felt the HRA should put money on the table for the study or the project would be a "no go" in 1993. Everette Ellison agreed with Mr. Smith, saying the HRA should stop fishing and cut the bait. Both recognized the authorized HRA expenditure was a gamble. Lowell Schrupp suggested the HRA act on the authorization after the Guardian Angels presentation in May. Chairperson Larson said he generally endorses free enterprise; however, this time saw the need for the HRA to authorize the market study in order to meet required 1993 funding application deadlines. Ben Smith made a motion authorizing Pat McCullough to begin preparation of senior housing market study for assisted-living and congregate housing. The study must meet both the FmHA and HUD funding application requirements. The authorized fee to be expended from the TIF Surplus Fund. Everette Ellison seconded the motion and with no further discussion the motion passed. Yeas: Ben Smith, Everette Ellison, and Al Larson. Nay: Tom St. Hilaire. Abstention: Lowell Schrupp. The HRA endorsed no developer. The Guardian Angels presentation is scheduled for May 5, the HRA regular meeting. 6. CONSIDERATION TO REVIEW THE POTENTIAL TIF DISTRICT SURPLUS FUNDS UPDATE. Administrator Wolfsteller reviewed the enclosed TIF Surplus projections stating he calculated the surplus by taking the number of years remaining in each TIF District times its 1992 revenue. For the total projected revenues of $469,294, the total annual debt-service is approximately $200,000. The report was for HRA TIF District Nos. 1-1 through 1-14. Mr. Wolfsteller concluded that generally speaking, the HRA has between $150,000 to $200,000 of spendable monies. Page 3 . . . HRA MINUTES APRIL 7, 1993 7. CONSIDERATION OF AN UPDATE ON THE MHFA AND REDISCOVER RICHFIELD PROGRAMS. Koropchak reviewed the enclosed agenda information. 8. CONSIDERATION OF PROSPECT UPDATES. All-Temp Distribution - A letter from NSP acknowledged their future rail needs. The interested buyer and sellers of the Hoglund property are to meet and negotiate land costs. Wilson Tool ~ The company has not made a site selection and Monticello remains in the running. 9. OTHER BUSINESS. None. 10. ADJOURNMENT. Chairperson Larson made a motion to adjourn the HRA meeting and Tom St. Hilaire second the motion. The HRA meeting adjourned at 8:13 p.m. aoL ~C'\~J)~-~ Ollle Koropchak, Executive Director Page 4