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HRA Agenda 05-02-2001 . . 7. 8. 9. 10. 11. 12. . AGE DA MONTICELLO HOUSING AND R DEVELOPMENT AUTHORITY Wednesday, May 2 2001 - 7:00 p.m. 505 Walnut Stree - Bridge Room MEMBERS: Chair Dan Frie, Vice Chair Brad B rger, Steve Andrews, Darrin Lahr, and Bob Murray. COUNCIL LIAISON: Brian Stumpf. OFFICERS: Treasurer Rick Wolfsteller, Executive Director Ollie Koropchak, and Recorder Lori Kraemer. GUESTS: Mike Cyr, MLC Building & Remo eling, Inc. 1. Call to Order. 2. Consideration to approve the HRA minutes of April 4, 2001. 3. Consideration to add or remove items from the agenda. 4. Consent Agenda. A. Consideration to approve the Certifi ate of Completion. (Cedrus Creek Craftsman, Inc.) 5. Consideration of update and action relative 0 a portion/whole of Blocks 54 and 64 all located within TIF District No. 1-22. 6. Consideration to summarize the direction of City Council for redevelopment of Block 52 and outline plan to proceed. Consideration to discuss advantages and dis dvantages of merging the EDA and HRA. Consideration to authorize payment of the monthly lIRA bills. Consideration of Executive Director's Repot. Committee Reports: MC? - Steve Andrews nd Marketing - Darrin Lahr. Other Business. Adjournment. i __ , . . MINU ES ANNUAL METING MONTICELLO HOUSING AND RDEVELOPMENT AUTHORITY Wednesday, April 4, 2001 - 7:00 p.m. 505 Walnut Street- Bridge Room Chair Darrin Lahr, Vice Ch ir Dan Frie, Brad Barger and Steve Andrews and Council Liaison Brian tumpf. Bob Murray Members Present: Absent: Officers: Guests: Treasurer Rick Wolfsteller, xecutive Director Ollie Koropchak, and Recorder Lori Kraemer. Brad Johnson, Lotus Realty Services for BBF Properties, Barry Fluth John Komarek, Cedrus Cre k Craftsman, Inc. Mike Cyr, MLC Building Remodeling, Inc. 1. Call to Order 2. "'l .J. Chair Frie called the meeting to order at 7: 0 p.m. Consideration to a rove the HRA minute of March 7 2001. A MOTION WAS MADE BY DAN FRIE AND SECONDED BY BRAD BARGER TO APPROVE THE MINUTES OF THE MA CH 7,2001 HRA MEETING. Motion carried. Consideration to add or remove items fro 17 A. Executive Director Koropchak add d discussion on the housing study. Koropchak also introduced two representa ives from Springsted who wish to be on the HRA agenda in May. 4. Consent Agenda. None 5. Jeff O'Neill, Deputy City Administrator, rovided information regarding questions the HRA had of parking in the downtown are , specifically the possible redevelopment of the Amoco site. O'Neill advised that the serv ces of Steve Grittman, Planner Consultant for the City of Monticello, have been retaine to address the municipal and street parking concerns within the CCO. Jon Glomski, ity Intern, completed a survey of the public parking lots. O'Neill provided the results of the survey with the presentation to the HRA, advising that the survey was done uring consistent time/days and found that at most times parking lots were relatively e pty and with peak periods, no more then half . . . HRA Minutes - 4/4/0 I I-IRA, advising that the survey was done d'lring consistent time/days and found that at most times parking lots were relatively em. ty and with peak periods, no more then half of the stalls were used, noting a huge capa ity of parking available near the Amoco site. Some parking is not the most convenient, ut according to Grittman, it is his opinion that there is the capacity fiJr developing the An oco site and not create a parking problem. Another option for parking would be to tak funds from the developer and try to acquire rights to existing private parking areas by s tting up joint parking, but even without that therc looks to be ample parking space. 0' eill stated that parking docs not appear to be a huge issue and details regarding finances st"ll need to be worked out with the dcveloper which would go through the City Council. SAC/WAC fees need to be discussed as well. City Council Liaison Brian Stumpf stated t at regarding WAC/SAC lees, unless they are for a public purpose, they will not be waive I pointing out the new Waste Water Treatment Plant needing to be paid offthro gh SAC/WAC fees. There was no action required. 6. Continued - Consideration to extend the efT ctive date of the Prcliminar Oevelo ment A 'reement with Masters Fifth Avenue I nc. and to arree to amount of TI F assistance for Phase I or solicit other developers. Brad .10 nson/Barry Fluth, Applicants. Koropchak noted that the members need to xtend the preliminary development date if so wished or open it up to others. Also, she as 'ed the members to state whether they were comfortable in giving the developer a level f TI F assistance. Brad Johnson addressed the members again stating the most impol1ant part to any development would be the uses/sources. 'rh largest risk is to the tenant and then the owner. As a developer, they are looking at 11 % to 12% return on cost, and stated they would like to continue working on their pro ess. Regarding the parking, Johnson stated they have the potential to satisfy City requir 'ments on possibly 3 lots which they would purchase and provide hard surfaces, stating they would be working with these owners to obtain the lots. If that did not work they wo Id use the funds that the City would allocate to the developer to pay for parking. Johnso went through the financials once again, stating the gap is $35,000, Amoco being a pyas you go as it would generate enough TIF; as fllr as the SAC/WAC fees, they wou d work with the City and also asked irthe HRA would like to help out with this stating the amount would be about $50,000 for SAC/WAC. This is above/beyond the dolla s a tenant would have to pay. Again Johnson stated they are asking for participation from he HRA so they can attempt to secure the Amoco site, subject to a Development Agre ment and providing funds to the developer. Johnson stated they have been working with 'I restaurant chain with the building designed to be primarily restaurant/office (3500 sq. ft:. of restaurant) and (2200 sq. ft:. for office). Johnson informed the members that this pos. ible tenant is an Italian style restaurant with the possibility of bringing in approx 1.5milli n dollars per year. Johnson stated it is an 2 . . . HR^ Minutes - 4/4/01 upscale restaurant with a small bar, as well as take out. The owner has successfully operated a restaurant in Minneapolis for th last 10 years. Johnson stated it is their intent to go bef()fe the Planning Commission po sibly in May. Koropchak reminded the members of a target date for the HRA to h ve the Amoco site demolished is by June. Johnson asked that the I-:1RA extend their a'reement f()r 2 months and would be looking for a preliminary design to be ready by the A MOTION WAS MADE BY BRAD BA GER AND SECONDED BY STEVE ANDREWS TO EXTEND THE EFFECTI E DATE OF THE PREL.IMINARY DEVELOPMENT AGREEMENT TO JU E 6, 2001 FOR PHASE I AND AGREED TO A LEVEL OF llF ASSISTANCE AS FO LOWS: PAY-AS-YOU-GO TIF ASSISTANCE IN THE AMOUNT OF TH LESSER OF A) THE COST TO ACQUIRE THE AMOCO SITE AND DEMOLITION OF STRUCTURE, B) NOT-TO-EXCEED $166,800 OR C) THE AMOUNT OF THE "A V AILA8LE TAX INCREMENT" GENERA TED FROM THE PROJECT FO TI IE DURATION OF THE LIFE OF THE DISTRICT. SUBJECT TO ACQUISrnO AND DEMOLITION OF THE AMOCO SITE PRIOR TO OR ON JUNE 30, 2001 . ND F':XECUTION OF THE CONTRACT FOR PRIV ATE REDEVELOPMENT BETWEEN THE BRA AND MASTERS FIFTH AVENUE, INC. THE UP-FRONT $35,00 SUBJI;;CT TO NEGOTIATION. Motion carried unanimously. 7. revious S1. Koropchak introduced John Komarek, CedI' IS Creek Craftsmans, Inc., who presented to the lIRA members a preliminary design concept for redevelopment of the previous St. Henry's property. Komarek is looking for reliminary concept approval for use ofTIF assistance. Koropchak advised that at this sage, if the HRA approves the concept, the concept is then presented to the Council for pproval and the level of TIF assistance occurs after execution of the Preliminary D velopment Agreement and $5,000 deposit. Komarek briefly described his concept plan. nd its similarity to his previous project at Prairie West, stating the Planning Commissi)l1s approval of his concept at their meeting the previous night.. lIe also stated he has been working with the Land of Lakes Choir on a private, for profit business campus, advisil g that at this stage it is important to first get all parties involved to agree upon what shou d happen in this area. Komarek suggested that Block 28 be develo ed as a parking space/green space area with possibly a playground, freeing up the block' cross the street for redevelopment which would drive the TI F district with potentially 2 town houses that could fit in where the current parking lot is. Koropchak provided n aerial photo of the St. Henry's site and stated that redeveloping parking lots qualify 'or improvements in regard to establishing of redevelopment TIF district. Mark Ruff of E leI'S and Associates reviewed this as well and stated it does qualify for a redevelopme t district in regard to the requirements of the 3 . . . HRA Agenda - 4/4/0 I 70% and 15% improvement rules. This al '0 assumes the City Building Official can determine that more than 50% of the build ngs (excluding outbuildings) are structurally substandard to a degree requiring substanfal renovation or clearance. A building is not substandard if it complies with building c des or could be brought up to code at a cost of less than 15% of the cost of a comparable ew building on the parcel. This determination must he made by an interior inspection unl ss access cannot he made to the structure or there is enough evidence supporting that tl e building is structurally suhstandard. Komarek also noted the Planning Commis ions concern with tratllc patterns. He noted that with the parking lot being shifted nort it would improve access, actually giving three accesses into and out of the area. Ko nerak notes potential of acqui ring existing homes as well. Time of actual project could be 3 to 4 years to completion, adding that they could start moving dirt this fall if all oes well. O'Neill stated that the City will he looking at trafTic details, parking, etc. Ko arek states the biggest issue would be to get concept approval stating that it would cost pproximate]y $600,000 to $700,000 for cleanup/demolition alone. The HRA mem ers asked Komerak how Land of Lakes fit in to this project and he stated that they woul potentially be the primary occupants if they were to participate. He also stated that thee is a regional performing arts center looking into this building as well. Koropchak advised that the first thing to d is to define and qualify the boundaries of the Redevelopment District. Based on the esti ated market values of the construction of 10 twin homes and 12 quads at $145,000 and 175,000 per unit respectively, the amount of tax increment was estimated. She also advised that these numhers are not cashl10w numhers by Ehlers, nor should the HRA co mit to a level ofTIF assistance at this time. Based on the project description to provide arking and playground area for the Land of Lakes project outside the proposed TIF dist ict, the less 15% represents the amount of TI which can be spent outside the district. It as also questioned if Komarek had a right of first refusal from St. Henry's. Koropchak s' ated that the proposed project would provide a favorable economic impact to the commu ity, remove substandard structures, and provide quality housing units. A MOTION WAS MADE BY BRAD BAGER AND SECONDED BY DAN FRIE TO APPROVE PRELIMINARY CONCEPT F R USE OF TIF ASSISTANCE FOR REDEVELOPMENT OF TIlE PREVIOUS ST. IIENRY'S PROPERTY, SUBJECT TO RUILDlNG OFFICIAL DETERMINATIO ,AND RECOMMENDED BRINGING THIS CONCl-';PT FORWARD TO THE CI Y COUNCIL. Motion carried unanimously. 8. Consideration of an u date and action relati e to a ortion/whole of Blocks 54 and 64 all located within TIF District No. 1-22. Koropchak advised that the closing between the Carlson's and the HRA took place on Monday, March 26. Now that the HRA OWl s the property and the snow will soon disappear, she will contact Rod Dragsten to omplete the appraisal of the land only as authorized by the HRA some time ago. 'fhe purpose of the appraisal is for the public 4 . hearing and future sale of raw land to the ity. HRA GARAGE LEASE HR^ Agenda - 4/4/01 Koropchak advised that the HRA had a Ga age Lease for 220 Front Street with the Carlson's. The rent was $5 per month and commenced in February1999 and was extended in January 2000 expiring January 31,2001. The HRA needs to make a motion to terminate the Lease. The Lease reads "'I he Authority or the Tenant may terminate the Lease at any time and for any reason, or fo no reason at all, by providing not less than 30 days notice must be given and the tenant must remove all personal property from the premises within 15 days from the date noti e of termination is given." A MOTION WAS MADE BY STEVE AN )REWS AND SECONDED BY DAN FlUE TO TERMINATE THE GARAGE LEASE BETWEEN THE I IRA AND RICHARD E. CARLSON FOR THE PROPERTY LOCArED AT 220 FRONT STREET. THE 30- DA Y TERMINATION NOTICE BEING A Y 4, 2001 WITH REMOVAL OF ALL PERSON PROPERTY WITJ-HN 15 DAYS THEREAFTER, OR NOT LATER THAN MAY 19,2001. Motion carried unanimous y. BOSTIC PROPERTY . Koropchak stated that Sandy Bostic had agr ed to the counter-offer of the BRA for $109,400 plus prepayment penalty associat d with an improvement loan. The penalty was estimated at a little less than $3,000. T e Purchase Agreement states a closing date on or bef()fe April 30, 200t. Bostic request d retaining an outdoor shed, appliances, and the whirl-pool, Koropchak advised that she uthorized Mr. IIclvey to agree to this. It was first thought that if the closing date of April 30, 200 I is doable, the HRA would need to authorize an environmental test for the unde ground fuel tank which Koropchak would work with the Public Works Director; however, the HRA elected to address the testing after acquisition of the property A MOTION WAS MADE BY BRAD BAR 'ER AND SECONDED BY DAN FRIE TO REQUEST A LOAN FROM THE CITY l' ACQUIRE TIlE PROPERTY AT 8 LOCUST STREET FOR $1 09,400 AT 6.5o/c FOR 15 YEARS. Motion carried unanimously. O'CONNOR PROPERTY Within the counter-offer Purchase Agreemen , the seller had 10 days from date the counter-otfer was presented to respond. As i r. O'Connor got married and went on a honeymoon, he obtained the legal services 0 . Attorney John Peterson as he would miss the I O-day notice to respond. Mr. Helvey be ieves he will accept the olTer. . 5 liRA Agenda - 4/4/0 I . HANS HAGEN HOMES Koropchak stated that she and Mark Ruff 1 et with Hans IIagen earlier that day in terms of where we were at with acquisition - que' tioned his interest level, went over the stipulations, and stated Hagen was very int rested and would respond back with a preliminary agreement and fees within 10 ays. Koropchak asked that at some time the )-IRA would authorize a request Jor propos, 1 fi.x demolition, but Hagen stated he is willing to handle that with the HRA payin for it and also knowing this would occur after the 1 yh and before July 1 st. The HRA agreed to have llans Hagen do the demolition and requested Koropchak work with the Pu lie Works Director to verify competitive pnces. SCI ILIEF HOUSE 3 WALNUT STREET/ OUSE LEASE Koropchak advised the HRA that on March 29 she made an executive decision to support the HRA's motion of March 7 to accept the termination of the House Lease; however, we agreed to allow the two tenants to remain l' r one week (must vacate April 7,2001) at a cost of $21.66 per day or $151.66 plus utili ies per the one-week lease agreement. HRA members supported the executive decision. PUBLIC IMPROVEMENTS . Koropchak advised that the estimates from he City Engineer for replacement of old clay water/sewer lines and street improvements as about $150,000 along Front Street between Walnut and Locust Street. The M yor agreed with the pending development of 10 new housing units, the probability of the clay pipes cracking upon new installation, and the City's plan to replace the lines with n 5 years; it makes more sense to do it now. The Council needs to order a Feasibility Stldy and a City Assessment Policy needs to be developed. The Feasibility Study for tront Street will be ordered April 9 hy the Council. DEMOLITION/REMOY AL The liRA needs to consider first if they wis to demolish the Schlief~ O'Connor, and Bostic homes or advertise one or all the pro erties for sale for $1 or another price, with the buyer assuming the cost of moving. Se ondly, ifit's the desire of the HRA to demolish all the properties and HRA garage perhaps it's time to authorize preparation of the request for proposal for demolition. Th HRA has on file the form used for demolition of the Hawkins house. It is the (pinion of Mr. Helvey who has seen the interior of the homes that the O'Connor ho e is the only one worthy of retaining and moving. The next HRA meeting is May 2, 001, in which the lIRA would authorize going out for proposals. This hecomes quit close to the demolition deadline of June 30, 200 l. . 6 . . . HRA Agenda - 4/4/0 I A MOTION WAS MADE BY DARRIN I AHR AND SECONDED BY S'I'EVE ANDREWS TO AUTIIORIZE TI IE DEMOLITION or THE BOSTIC, O'CONNOR, SCHUEF AND HRA STRUCTURES. M tion carried unanimously. Scott Douglas, Fire Chiel~ advised that the Fire Department may be willing to take a few of the houses I{Jr practice. 9. Consideration to review the surve of Bloc. redevelo ment of a ortion of Block 52 an assistance or solicit other developers. Koropchak provided background informafon for Block 52 redevelopment that the North Anchor had looked at, the time-frame seem to be focusing on Block 52, as well as 64 and 54. At the March meeting, the HRA ra ified the ordering of a survey for Block 52 at a cost of between $3,000 to $4,500 by Tayl r Land Surveyors. Koropchak advised that the survey would need to be updated as ele ations could not be completed due to snow, and also advising that the reason for orderi g the survey was to identify property boundaries. The members were informed t at Lahr and Koropchak had a meeting scheduled with Steve Johnson, property ower on Block 52, on March 9. Several property owners attended the March HRA I eeting relative to concerns associated with replacement of the public parking lot which was assessed to them. MIKE CYR Mike Cyr presented a concept for developnrnt ofthe public parking site with a 6,000 sq ft office building and future upgrade to the jellberg building. The structure includcd a second-t1oor office with underground parkil g/retail along River Street. The project has an owner and two tenants. The HRA encou aged Cyr to continue work on his project. Koropchak stated that upon hearing the Mar h concept for development of the publ ie parking lot parcels only, Mr. Cyr was intc)r cd that to qualify for use ofTIF assistance, the project needs to include demolition (red vclopment). At least 90% of the increment must be used to finance the cost of correctin conditions that allow designation of redevelopment districts. This was the reaso why TIF assistance was not used for Sunny Fresh, Grimsmo Funeral Chapel, Lotus Mall and proposed the proposed Town Centre. If the Kjellberg and/or Springborg structure ar included, we can qualify the project lor TlF assistance. Cyr advised on the parking stating there would be I () parking spots in the building for owners only, and advising that the revitalizat"on plan allows lor street parking to be counted as well. Mike stated he was looking fix a consensus that the concept is viable and the HRA is willing to work with them to redevelop. lIe has spoken to the majority of property owners on this block, and stated tha Springborg is willing to work with him, but Kjellberg was not interested. Froslie is willil g to sell as well, but with this project there is no need for that space at this time; JohnsOI stated interest but in a larger capacity, possibly f{)fIning a limited partnership and acquiring all buildings, then leasing back to 7 . HRA Agenda - 4/4/0 I the owners. Cyr states that this is not his p an Jix this project, he already has owners that would occupy at least] /3 of this building. Cyr also stated it would not generate peak parking demands, it would be spread out a d available after hours and weekends. Cyr again advised that this fits into the redevel pment plan. Pat Sawatzke, resident and adjacent busine's owner to this proposed project, stated his objection to this project with concerns that the property is a public parking lot, funded by adjacent businesses and was built to suppo adjacent parking for these businesses. He is concerned with future businesses that woul need more parking. lIe noted the possibility of the sale of the existing "mini mall" andurning into office space which would generate more parking needs. Sawatzke felt that by allowing only one property to develop, it takes away other business's ability to develop. ouldlike to see HRA look further into this before making a decision. Kjellberg had a concern regarding opening Ip Walnut St for park user parking, but it was noted that it does not seem to be a concern f the City at this point. Koropchak noted that Lahr/Steve Johnson et regarding redevelopment in the area, noting his support of a global use of this bl ck with all buildings involved. Lahr stated a more global development involving all own rs and the City would be ideal, but Cyr stated again that this is the Ci ty' s redevelop ent plan and he has tenants and owners interested. On the global standpoint, the ex sting owners have only to offer what they have as a building, not capable of getting hi her rents on their existing buildings. Dan Frie asked ifCyr's project would work in a other area such as Johnson's and Cyr stated no as there would be no river view, and that the proposed condos would be on the top floor and could not be top 1100r where JOhlL on's site is. Lahr, Johnson, and Koropchak met with the President/CEO of First Nation I Bank of Elk River on Tuesday, March 27 upon the suggestion of Steve Johnson. It ap . ears the Bank has an interest in Monticello but at this time, no commitments for major i vestments. Cyr was going to meet with Steve Johnson on Thursday, March 29. Cyrexpressed some interest of a tenant for corner of Pine and Broadway. . Shared parking was again brought up and C l' stated that is the concept with his project. Mr. Pat O'Donnell spoke to the members as ell, stating that it has not been established that the view of the river would be blocked b this project, parking would be provided not taken away, and this is just an idea at this po nt and issues can be worked out. Lahr asked Koropchak if building on an empty lot woul qualify for redevelopment and she stated that buildings would have to be acquired and demolished as well. Rick Wolfsteller stated that the public parkin) lot was built in 1974, one of approximately 3 or 4; most of the property had to be acquire by the City, costs were assessed back to property owners in a 6 block area, and he do sn't believe that the individual property owners own this as it is a public lot. He also'tated that he checked with the City Attorney, and on his opinion unless there W<L. something on the deed noting it is parking lot only, improvement costs are assessed to 0 ners t'()r a certain number of years. . 8 . . . HRA Agenda - 4/4/0 I Wolfsteller also added that the same form la for parking at this time is not what it was back in 1974. Bottom line would be to fin out if it's up to the City what happens with this parking and are waiting for opinion 0 the City Attorney. Koropehak reminded members of their tin e frame for TIF as well, and stated that if interested in keeping this project on line, t ey would need to go to the Council. They also stated that perhaps they should direct the .ity Planner to look at parking /design, making sure it works for current owners as well as new projects. Lahr asked if it was necessary to approve the preliminary design concept at this time and Koropchak stated the HRA could table. F ie also stated his opinion on Mike's concept noting that there is interest in the North A chor and this fits the plan, although it sees to fall short in two areas and maybe should e lcompass a larger area, going further into the North Anchor. They stated this was a win ow of opportunity for redevelopment, being the TIF district around the downtown area has a limited life (June, 2002) and after that time TIF dollars cannot be used. Barger stated this seems to fit the plan tha lIoisington previous did as well, and feels like the developer is willing to work with othe s, working with the whole block could be an issue regarding time frame, and he agrees 0 moving forward on the concept. Steve Andrews states time line is an issue but d esn't want that to be the reason for pushing forward. Barger asked if Cyr could purch se the property on options with the existing owners for future development and he stat d it could be a possibility. Window A MOTION WAS MADE BY STEVE A DREWS AND SECONDED BY DAN FRIE TO TABLE ANY ACTION UNTIL TIlE PECIAL MEETING WITH THE lIRA AND CITY COUNCIL ON APRIL 25, 2001 A' 6:30 PM. REQUESTED THE CITY PLANNER ADDRESS THE PARKING l'SlJE, SPECIFICALLY TO QUANTIFY THE PARKING IN THAT AREA. A DETAILED FORMAT FOR THE SPECIAL MEETING SHOULD BE DESIGNED A D THE PLANNING COMMISSION MEMBERS SHOULD BE INCLUDED I THE DISCUSSIONS. Motion carried unanimously. 10. Koropchak advised that at the March 7 III A meeting, the commissioners authorized entering into a Preliminary Development greement with Integrated Recycling Technologies, Inc. (IRTI) subject to coun il preliminary concept approval, lender commitment, and confirmation ofTlf Ca hf10w runs by Ehlers. The Council approved the preliminary concept for use ofTIF an the $9,000 up-front LGA match on March 12, 2001. 9 HR^ Agenda - 4/4/01 . Steve Budd executed the Preliminary Agre ment and deposited the $5,000 fee. Thereafter, Ehlers was contacted to begin reparation of the TIF District. The HRA is requested to adopt requesting he City Council call for a public hearing date of May 21, 2001. This allows time for the la-day notice for comment from the other taxing jurisdictions. A MOTION WAS MADE BY STEVE A DREWS AND SECONDED BY BRAD BARGER TO ADOPT A RESOLUTION EQUESTING THE CITY COUNCIL Of THE CITY OF MONTICELLO CALL FOR A PUBLIC HEARING ON THE MODIFICATION TO THE REDEVELO MENT PLAN FOR CENTRAL MONTICEI,LO REDEVELOPMENT PR JECT NO.1 AND ESTABLISHMENT OF THE crIF PLAN fOR TIF DISTRICT NO 1-28. Motion carried unanimously. 11. Consideration to a rove the Certificate 0 Com letion for the Twin Cit Die Castin rs Company. . Koropchak advised that the Certificate of ,ompletion is associated with the Private Development Contract between the HRA, ity, and Twin City Die Castings Company (TCDC). Initially the construction compl tion date for Phase I was June 1,2000. The completion date within the Contract was a ended three times for a completion date of April 1, 2001. Koropchak provided a copy of a Tempora y-Partial Certificate of Occupancy dated March 12, 2001, from the Bui Iding Depa ment. A permanent Certificate of Occupancy is to occur on or prior to May 1, 2001, on month later than completion date within the Contract. Currently the company employs 14 ofthe'ofthe committed 85 employees and operates as an aluminum facility not a magnesium faility. A MOTION WAS MADE BY BRAD B RGER AND SECONDED BY DAN fRIE TO APPROVI: THE CERTIFICATE OF CO PLETION fOR TWIN CITY DIE CASTINGS COMPANY AS PER THE ]EMPORARY-PARTIAL CERTIfiCATE OF OCCUPANCY. Motion carried unanimolsly. 12. Consideration to a rove the election of RA officers for 2001 and a rove the a ointment of commissioners to commit ees. . Koropchak advised that in accordance wi h the HRA Bylaws, the chair and vice-chair shall be elected at the annual meeting onle Board of Commissioners from among the Commissioners of the Authority and shal hold office for one year or until their successors arc elected and qualified. Th Secretary-Treasurer shall be appointed at the annual meeting of the Board of Commiss oners by the Commissioners. . flRA Agenda - 4/4/0 I At the annual meeting in ] 998, the commi 'sioners discussed available time to volunteer and agreed to rotate the liRA officers amo 19 the commissioners suggesting the Vice- Chair move up to Chair. So being, the Vi e Chair for 2000 was Dan Frie, therefore, Dan's name moves up to Chair for 2001. n conversation with Dan, he prefers the election of the Chair he opened fix discuss'on. The next in~line for Chair or Vice Chair is Brad Barger. Following is a list of names of the previOLL HRA Chairs and year served: Lahr Murray Andrews Barger 2000 1999 1998 1997 Rick W olfsteller serves as the Secretary- Tr asurer and delegates the recording of minutes to Lori Kraemer. Koropchak is employed s the Executive Director. COMMITTEES The HRA, annually or as need be, appoints commissioner(s) to various committees. The only committee with By-Laws is the MP, the others are estahlished Lor a specific research or purpose. The MC? Bylaws rea the various city commissions annually appoint their representative to the MCP Boa d of Directors. Length of1erm is three years. Steve Andrews was appointed a thre -year term in February 1998 following AI Larson's resignation; therefore, Andrews thee-year term is up February 2001. . Current committees and appointees: Steve Andrews - MCP Community Center Small Gr up ~ Bob Murray Marketing - Darrin Lahr/Bra Barger A MOTION WAS MADE BY STEVE AN[ REWS AND SECONDED BY DARRIN LAHR TO NOMINATE AND ELECT DAN FRIE AS CHAIR AND BRAD BARGER AS VICE CHAIR ON THE HRA FOR yr;;A{ 2001, AND APPROVE THE APPOINTMENT OF RICK WOLFSTELLE AS SECRETARY-TREASURER FOR 2001. Motion carried unanimously. Steve Andrews expressed interest on being o. the Community Center Advisory Board. . A MOTTON WAS MADE BY DARRIN LA R AND SECONDED BY BRAD BARGER '1'0 APPROVE THE APPOINTM ~NT OF THE FOLLOWING COMMISSIONERS: 11 . . . HRA Agenda - 4/4/01 130b Murray Steve Andrews Brad Barger Mer Community enter Advisory Board Marketing Andrews' appointment subject to verifieat on of the ordinance establishing the Community Center Advisory Board (previ llsly the Community Center Small Group). Motion carried unanimously. 13. Consideration to review and ado t the ea -end financial re orts for the HRA General Fund and TIF Fund. Rick WolCsteller, Treasurer for the HRA, r ported the 2001 year-end financial reports for the lIRA General Fund and TIF Fund. Wolfsteller noted that $299,395 is in the g neral fund, non-restricted dollars, and that half of this money has been spoken for, but no expended at this time. Koropchak noted that the I IRA is to shut own several of the districts. District 6 has increment and River Mill was decertified, his should be paid back to the County. Standard Iron building up a reserve and m y retire early to reduce City LOA penalty. A MOTION WAS MADE BY STEVE A DREWS AND SECONDED BY DAN FRIE TO ACCEPT THE YEAR END REPOR AS SUBMITTED. Motion carried unanimously. 14. Consideration to authorize a ment of the month I HRA bills. A MOTION WAS MADE BY DAN FR1 TO AUTHORIZE P A YMEN'r OF THE unanimously. AND SECONDED BY STEVE ANDREWS ONTHL Y HRA BILLS. Motion carried 15. Consideration of Executive Director's Re * Koropchak provided a letter sent to H-W ndow, certified, stating that the HRA is not obligated to pay any further. *1DC will visit TCDC in April. Jobs/wag s to report were available today and wages all there. *St. Ben's stated in August they will get r. imbursement; one thing still needed from them is a report on residents regarding indepen ent residents, a year from time of occupancy. *Scattered Housing - waiting for grant aw rd - April 26. *Wolfsteller/O'Neill/Koropchak are work ng with Chadwick, presented counter offer, it is in their hands at this time. Wolfsteller .lso stated he docs not feel they are close at this time. * Ryan Companies met Koropchak and ar looking at industrial properties in communities . . . HRA Agenda - 4/4/01 that would put in larger businesses, could enerate larger taxes. *llousing Plan - Heidi Peper is looking too housing plan fix Wright Co., study would include vacancies, rental rates, etc. Would be a time commitment on City's part as they would coordinate and advertise eommunit. meetings. $500 fce. *The HRA authorize the City's participati( n in this housing study for the $500 fce. 16. Committee Reports: No reports 17. Other Business. None 18. Adjournment. Meeting was adjourned at 10 pm. HRA Chair Recorder 13 . . . 4A. HRA Agenda - 5/2/01 Consideration to a Inc.) letion. (Cedrus Creek Craftsman, A. Reference and Background: 'fhe II RA and ('edrus Creek Craftsman, [n . entered into a Contract for Private Redevelopment on July 3. 1996. for redevelopment of the area now known as Prairie West. The Contract was amended June 23 1997 and the developer agreed to construct 3() townhouse units at estimated market value per unit of at least $130,000 (quads) and $ 150.000 (t\vin homes). Completion of Ph se I and II by no later than December 3 I, 2002. A Certificate of Occupancy has been issue for each unit in Phase I and the Certificate of Completion for each unit was issued upon he request by the applicable Title Company. The Certi fieate of Completion bef()[e the HRA for adoption applies to the completion of the entire 30 units. Attached is a breakdown ol'the estimated n arket values from the County earlier this year and bcfl1re the certificate of occupancy for ~ots 19 and 20. You can see the market values exceed the $130.000 and $1 45,()()() < S outlined in the Contract B. Alternative Action: I. A motion to approve the Certi ficate of Completion of the Contract fiJr Private Redevelopment between the HRA ., nd Cedrus Creek Craftsman, Inc. 2. A motion to deny approval of the C rtiJieate of Completion. 3. A motion to table any action. C. Recommendation: Recommendation is Alternative No. I. D. ,Supporting Data: Copy of certificate of completion fix adopt 'on and market values as of January 200 I. . . . CERTIFICATL OF COMPLETIC)N (Minimum In provcments) The undersigned hereby certifies that Cedrus Creek Craftsman. Inc. (the "Redcvcloper'") has fully complied with its obligations under Art clcs III and IV or that documcnttitled "('ontract for Private Dcvelopmcnt." dated July 3. 1996 an amended Junc 23. 1997. among the City of Monticello. Minnesota. the I-lousing and Redevcl )pmcnt Authority in and ror thc City of Monticello, Minncsota. and the Redeveloper, win respect to construction orthc Minimum Improvements on the property described in r::xhil it A hcreto in accordance with the Construction Plans. and that the Redeveloper is released and fc rever discharged from its obligations to construct of the Minimum Improvements under niclcs III and IV. Date: .2001. THIS DOCUMENT DRAFTED BY: Kennedy & Graven. Chartered 470 Pillsbury Center 200 South Sixth Street Minneapolis. Minnesota 55402 (612) 337-9300 HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO, MINNESOTA By__ Authority Representative LJA . . . TIF DISTRICT 1-20 CEDRUS REEK CRAFTSMAN, INC. MARKET VALUES AND OMPLETION REPORT PHASE I PER CONTRACT TIF DISTRICT BOUNDARY - BLOCK 1, PRAIRIE WEST SEC JANUARY 2, 2000 LOT 1 LOT 2 LOT 3 LOT 4 LOT 13 LOT 14 LOT 15 LOT 16 LOT 17 LOT 18 TOTAL JANUARY 2,2000 AGREEMENT JANUARY 2, 1999 AGREEMENT JANUARY 2,2000 AGREEMENT JANUARY 2,2001 COMPLETION DECEMBER 31,2000 PHASE II PER CONTRACT BLOCK], PRAIRIE WEST SECOND ADDmON JANUARY 2, 2000 LOT 5 LOT 6 LOT 7 LOT 8 LOT 9 LOT]O LOT 1 ] LOT 12 LOT 19 LOT 20 BLOCK 1, PRAIRIE WEST FIRST ADDmON JANUARY 2, 2000 LOT 1 LOT 2 LOT 3 LOT 4 LOT 5 LOT 6 LOT 7 LOT 8 LOT 9 LOT 10 TOTAL JANUARY 2, 2000 COMPLETION VALUE DEC 3],2002 * four-p1ex ** See attached letter $860,000 Each twinhome value $150,000 and each fomplex unit $130,000 GRAND TOTAL, JANUARY 2, 2000 OVERALL CONTRACT DECEMBER 3], 2002 ND ADDmON January 200t $]71,600 $]86,300 $171,600 $186,300 $171,600 $186,300 $171,600 $186,300 $158,400* $164,300 $]49,300* $162,800 $ 29,100* $166,400 $ 29,100* $166,400 $ 18,000* $]57,100 $ 18,000* $157,100 $1,088,300 $1,719,300 $ 600,000 ($1,050,000) $1,120,000 ($],088,300)** $1,380,000 $1,719,300 $171,600 $]71,700 $175,300 $174,400 $ 97,100 $ 96,700 $ 32,100 $ 32,100 $ 18,000* $ 18,000* $125,300 $129,000 $177,000 $177,000 $171,700 $171,800 $175,300 $142,200 $172,800 $171,900 $2,601,000 $2,960,000 $3,689,300 $4,340,000 $186,300 $186,300 $190,400 $189,400 $190,400 $195,800 $192,000 $200,100 $ 71,700 partial $ 71,700 partial $137,000 $140,800 $190,600 $190,500 $184,900 $185,000 $188,600 $153,700 $187,400 $186,500 $3,419,100 $5,138,400 4b . . . 5. H RA Agenda - 5/2/01 Consideration of u date and action rela ive to a ortion/whole of Blocks 54 and 64 all located within TIF District No. 1-22. HANS HAGEN HOMES The Preliminary Development Contract ha been executed by Hans Hagen and the $5,000 deposit fee submitted. Please note outline project description. WSB, Inc. has provided information relative to street elevations as equested. BOSTlC At this time we are proceeding to elose on he Bostic property on Monday, April 30, 2001. However to obtain legal or clear titl , it is necessary to go through quiet title action. It appears we can get on the court c lendar and still demolish after June 15, 200 I. Seller responsible for clear title. Public W rks requested to check out underground fuel tank, 48-hour notice of authorization obtai ed. O'CONNOR We received a counter-offer horn O'Conno via his attorney requesting to remain in house another year, relocation benefits for is business, to move the house, and other items. Response: Planned closing date and possession date, May 31, 2001; business relocation compensation negotiated upon e idence of business income tax filed; and no, to moving house. Other minor adjustments ade to the purchase agreement. Purchase price $130,352. Rich Cline, City Public Works, inquired as t the possibility of acquiring and moving the house to restore and fix-up. Although he m y appear at the lIRA meeting, via Chair Frie and myself an executive decision was made 0 reaffirm the HRA's direction to allow the fire department to use homes fcn test burn. he BRA must keep in mind the objective of a redevelopment district is to remove substa dard structures not move substandard structures. Action: A motion to adopt a resolution requesting a loan from the City to acquire the 218 Front Street property. SCHLIEF I did talk with Larry Schlief about the BRA' plan to pay-off the Contract for Deed for the property located at 3 Walnut Street. Ass ming the HRA has a signed Purchase . HRA Agenda - 5/2/01 Agreement on thc O'Connor property, the allowing action is required. The remaining principal balance as of August 2000 was $ 1,619.43. Public Works requested to check property aftcr tenants left. Rcmember Pub ic Works want garage as they re-roofed it. Action: A motion to adopt a resolution requesting a loan from the City to pay-off the Contract for Deed on the 3 Walnut Stre t property. CARLSON 1 did authorize Rod Dragsten to completc a appraisal ofthc raw land only on the Carlson property. This to establish a selling price 0 the raw land in anticipation of sclling the land to the City in 2002. FRONT STREET PUBLIC IMPROVEME TS . The Feasibility Study authorizcd by the Cit Council for replacement of the water/sewcr lines and street was accepted by the Counci on April 23. However, the Council did not call for plans and specs as this may be prem ture without a signed Purchase Agreement on the O'Connor property. However, it ap ears staff may now view this as a development improvement and not a replac ment improvement which means a different assessment policy. Cost $146,193.35 inclu ing 10 lot extensions. DEMOLITION RE UEST FOR PROPOS L Per Hans Hagen's project description it app ars he's looking for the lIRA to demolish. Nced to work on this. Timing with Fire De artment is critical. More on this at meeting. . 2 . Pro. ect Descri tion The Developer proposes to build and sell ten (10) individual residences on ten (10) platted lots. The ten (10) lots shall be del"vered to the Developer with building pads, street, and utilities installed, to the specific tions of the Developer and the City of Monticello, and paid for by the HRA. The Developer shall prepare a prelim it ary plat and house plans and submit them for approval, first to the HRA and then to th Planning Commission and City Council. The Developer believes that all ten (10) ho es shall be complete within a period of twelve (12) months following the receipt of all governmental approvals. . . The Developer understands the land 0 the north side of Front Street, adjacent to the ten (10) lots, shall be purchased by the H and become a park containing a walking trail. The Developer shall install an alley, at t e Developer's sole expense, on the south side of the lots. All impact fees have already been paid, except that the Developer shall be responsible for paying the City water and s nitary sewer connection charge. The HRA shall have the right, in it's ole discretion, to reject the exterior home design, ifthe design is not compatible with the existing neighborhood. ~ cJk. Cr" ---.ll~ '-..- '\~' : ~~~ - Q. \ -~! ~\ \~- ~- SA . . . 6. Consideration to summarize the directi Block 52 and outlinc plan to proceed. HRA Agenda - 5/2/0 J Council for redevelo mcnt of Thanks to Dan and Steve Grittman for kee ing the meeting on focus. The workshop provided a good exchange of information nd discussion bctween key playcrs: property owners, potential developers, TIF counsel, planning, Council, and HRA. Summary of direction to lIRA from Coun il: "Work with interestcd propcrty owners. ot interested in condemnation. Appears good start. Proceed with part or a 1 of Block 52. Evaluate progress at end of year for need t pursue Legislative extension." Mayor - Not interested in reducing parking space. Go ahead with redevelopment. Mixed use of retail, oflicc and housing OK. Herbst - Start with interested seller like Jol nson. No reduction in parking. Stumpf - Explore all of Block 52. Not inte ested in condemnation. Carlson - Agrees perhaps the useful life of he building are at end. Northwest corner parking lot not convenient location as a par 'ing lot today. An improved plan for the use of the over-all existing public parking shou d be considered. Move forward. PLAN TO PROCEED: Who's in and who's out? 1. Frie and Koropchak to talk with interes ed party owners: Poirier, Johnson, and Heaton. 2. Call Barney Gustafson for meeting of in erest. 3. Call others Kjellberg, Springborg, and F oslie. 4. Inter-grade Cyr project. . . . HRA Agenda - 5/02/0 I 7. Consideration to discuss the advanta the HRA. A. Reference and background: At a previous HRA meeting. the Executive Director's report indicated the Economic Development Goals for 200 I included the :ity of Monticello to explore combining the powers of the BRA and F~DA. The comm'ssioners were asked at that time to give some thought about the idea for discussion at a I, ter meeting. The EDA discussed the items at their annual meeting of April 24, 2001. A eport of their discussion will he presented at the HRA meeting. The following arc adva tages and disadvantages discussed by staff. Advantages Disadvantages Simplicity (one stop for developer.) Improves communication with Council assuming EDA would prevail. One less meeting for statl. EDA expand powers for development. Hopefully improves attendance. Less public participation. lIRA has power to levy. Reduces checks and balances as was original reason. TIF more complex. This is open for discussion. . . . 8. Recommendation is to authorize payment. HRA Agenda - 5/2/0 1 HRA bills. Kennedy & Grav . n, Chartered 200 South Six~ Street ~ Suite 40 Minneapolis, M 55402 (612) 337- 300 . April 10, 2 01 Statement No 37377 g..\,::>. '-\\.0 S~'O. ~()40 \ City of Monticello ACCOUNTS PAYABLE 505 Walnut Street, Suite 1 Monticello, MN 55362 Through March 31, 2001 ~ \ --;. 4 \,g ~o \ . "3 ~ \...I 0 MN190-00041 Redevelopment - General MN190-00088 Acquisition of 8 Locust StreeVBostic MN 190-00089 Acquisition of 218 Front StreeVO'Connor MN190-00090 Acquisition of 225 Front St./Carlson Expenses . ct . Total Current Billing: 234.25 40.50 32.00 1,542_00 137.39 1,986.14 . Kennedy & Grave, Chartered 200 South Sixt Street Suite 47 Minneapolis, M 55402 April 10, 2 01 Invoice # 37377 City of Monticello ACCOUNTS PAYABLE 505 Walnut Street, Suite 1 Monticello, MN 55362 ? \ ~ I l\ t; ~O \ . :, 0 4 (!) M N 190-00041 Redevelopment - General Through March 31,2001 For All Legal Services As Follows: 3/5/2001 SJB Telephone conference with TIF matters. Hours Koropchek regarding various 0.75 0.50 3/21/2001 DJG Telephone conference with Koropchak regarding various 0.30 issues 3/23/2001 SJB Telephone conference with Koropchak regarding TIF proposal. . Tot I Services: $ Tot I Services and Disbursements: $ . Amount 116.25 40.50 77.50 234.25 234.25 Page: Kennedy & Grav n, Chartered 200 South Sixt Street Suite 47 Minneapolis, M 55402 . City of Monticello March 31,2001 ?\'? MN 190.00088 Acquisition of 8 Locust StreeUBostic Through March 31, 2001 For All Legal Services As Follows: 3/30/2001 DJG Telephone conference with purchase agreement. . . ~ c; ~ ~ . ~ b ~--o Hours Koropchak regarding Bostic 0.30 $ Tot I Services and Disbursements: $ Amount 40.50 40.50 40.50 . Page: Kennedy & Grav n, Chartered 200 South Six h Street Suite 4 0 Minneapolis, M 55402 City of Monticello March 31,2001 r:J-. '-\\.0 I'} \ -..I' s ~. ~tJ \..\-0 MN190-00089 Acquisition of 218 Front Street/O'Connor Through March 31, 2001 For All Legal Services As Follows: 3/13/2001 CHT Review Conworth offer lette ; phone call with K Helvey To al Services: Hours 0.20 $ Amount 32.00 32.00 To al Services and Disbursements: $ 32.00 . . . City of Monticello March 31,2001 Page: Kennedy & Grav n, Chartered 200 South Sixtl Street Suite 47 Minneapolis, M 55402 Y)- L\ l, c;. <6 ~. S c '-~ -0 ~. MN190-00090 Acquisition of 225 Front St./Carlson Through March 31, 2001 For All Legal Services As Follows: 3/1/2001 SJB Telephone conference with Koropchek; draft loan agreement with City, HRA r solution. CBR Intraoffice conference re clo ing 0.20 3/6/2001 3/13/2001 3/15/2001 . 3/19/2001 3/19/2001 3/21/2001 3/22/2001 3/23/2001 3/26/2001 3/27/2001 3/27/2001 Hours 1.50 CBR Intraoffice conference; revie correspondence and 0.20 purchase agreement CBR Review correspondence; re iew abstract, draft title opinion 2.50 and closing documents DJG Draft title opinion. 0.60 CBR Revise documents; phone c lis re taxes, specials and 1.60 closing data; phone call to .ortgage company CBR Draft and revise closing doc ments; draft letters; phone 3.70 calls; intraoffice conference CBR Draft documents; email to J hn Peterson 0.30 CBR Phone calls re: lease agree ent; J. Peterson, client; 0.70 office CBR Intraoffice conference re: Ie se; telephone call to client; 3.70 telephone call to J. Peterson's office; fax documents; attend closing CBR Draft letters 0.50 JQS Review C Rocklitz instructio s; procure check to pay filing 0.25 fees; draft letter to Wright C unty Recorder to file Warranty Deed Tot I Services: $ For All Disbursements As Follows: . Postage Photocopies Fax Amount 232.50 18.00 18.00 225.00 81.00 144.00 333.00 27.00 63.00 333.00 45.00 22.50 1,542.00 4.77 12.60 12.00 . . . Page: 5 Kennedy & Grav n, Chartered 200 South Si th Street Suite 4 0 Minneapolis, N 55402 City of Monticello March 31,2001 3/23/2001 Johnson, Larson & Peters n, P.A; Delivery expense for delivery of an abstract Catherine B. Rocklitz - Mil age Expense Wright County Recorder; iling fee to file Warranty Deed To al Disbursements: 3/26/2001 3/27/2001 To al Services and Disbursements: $ 62.00 $ 26.52 19.50 137.39 1,679.39 . . MC100-01 j Monticello HRA 505 Walnut Ave ue, Suite 1 Monticello, MN 55362 April 1 0, 001 GENERAL Professional Services Invoice # 18237 Hours Amount '-\ \0 "'30\ . ? \ ~ q Run for single family houses TIF - CMHP ?'~' Meeting with HRA ").. \ ~ - ~~ CO? ':) ::. \"\ '1 , Meeting on TIF numbers for District 22 \ "? ~ 4'" S "':1. ":). . ? \ q q New TIF run o~61oco..> New runs for Distnct No, 1-22 -,. \ '? - 4'" 5 "'1 -:l. , ~\ <1 q Calculations for St. Henrys ,.., ":b ,L.\ ~ 0 \ ,'?::. \ l:\ '\ Total Due This Month: Status of Account: 30 Da s $0.00 90 Da s $0.00 3/2/01 MTR 3/7/01 MTR 3/28/01 MTR 3/29/01 MTR MTR MTR Current $1,000.00 60 Da s $0.00 ~ ~ ".... +et.- ,. ,.-y D <:;- " 0 C/ ~~~ . PLEASE KEEF 1.00 3.00 0.50 1.00 2.00 0.50 125.00 375.00 62,50 125.00 250.00 62.50 8.00 $1,000.00 120+ Da s $0.00 o REMIT PINK COpy WITH PA YMENT TO: . EHLE & ASSOCIATE 3060 Centre Po nte Drive Roseville, MN 55113-1105 . . . !J Monticell HRA 505 Walnut Ave ue, Suite 1 Monticello, N 55362 April 1 0, 001 District No. 1-28 - -:t. ~ "\ I "'Tt <:y. \ - :;t & Professional Services MC100-30 3/29/01 MTR Work on District No. 1-28 Total Due This Month: Status of A'ccount Current $93.75 30 Da s ., $0.00 60 Da s $0.00 90 Da s $0.00 Invoice # 18238 120+ Da s $0.00 Hours Amount 0.75 93.75 ~~ 0.75 $93.75 \~~~ ~~~ Total . 5 PLEASE KEEP WHITE COpy FOR YOUR FILE NO REMIT PINK COPY WITH PAYMENT TO: . 5 & ASSOCIAT S INC 3060 Centre ointe Drive Roseville, MN 5113-1105 651.6978500 . . . HRA Agenda - 5/2/01 9. Consideration of Executive Director's R Amoco site - Brad meeting with restaurant wner on Tuesday. Bjorklund selling price $170,000. Council accepted preliminary e ncept for use ofTIF. WAC/SAC to be assessed and parking yet to be addressed. St. Henry's - Preliminary concept for use 0 TJF accepted. Concerned about amount of TIF and numher of years. (Number ofTIF istrict in City). Komarek working with St. Henry's. Scattered Housing Grant ~ Word has been r ceived that the Monticello application for a $500,000 grant from the MHFA was not a arded to Monticello. The intent is to re- submit the application at the next round of - pplieations. Small Machine Shop out of Eden Prairie - "hree employees at $20 per hour without benefits. Looking to construct 8,000 to 1 0, 00 sq it metal/wood frame structure. Referred him to L,ake Tool for land acquisi ion. Did not market TIF, only loan program. St. Bens - St. Bens submitted the necessary information as evidence for this TIF llousing District to remain a "Qualified Housing Di trict." This means there is no LGA Penalty or Local Match for the City. The 60-unit ind pendent facility has 39 units occupied with 24 of those units meet the income and rent lev Is necessary for a qualified housing district. IRTI - Decision on lender not made. Final and preliminary plat on Council agenda June 11,2001. Waiting on submission ofTIF P an to Wright until further moved along. Freedom Development, Inc. - David Bell c lied and requested to be on the May HRA agenda for acquisition and TIF assistance f r development of the Country Club Manor property. As you will recall, a few years a 0 he and David Hornig presented proposals to the City Council for development. 'l'his in response to the City's request for proposals. Bell requested TIF and Hornig did not. Neither project proceeded. Mr. Bell's current idea is to construct 75 - 80 owner-occupie market rate and affordable townhomcs. Selling price $115,000-$120,000 for affor - able units. At City site review, Administrator Wolfsteller indicated he has received two ther telephone calls from developers interested in acquiring the property. At this point, no mention of TIF. Mr. Bell was informed that Mr. Wolfsteller will request the City Coun il to authorize again going out for request for proposals. This scheduIcd for the May 14 :ouncil meeting; therefore, it is premature for Mr. Bell to attend the HRA meeting. Give the Council's concern relative to the number of TIF Districts, the HRA authorized a Ho sing Plan, and the interest of developers in the property; 'flF may not be the answer. Tee mically the HRA owns the property; however, previous HRA commissioners authorized t e Council to manage and benefit from the property.