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1986 12 18HOUSING AND REDEVELOPMENT AUTHORITY MINUTES DECEMBER 18, 1986 CALL TO ORDER Chairman Whitehill called the meeting to order at 7:35 p.m. Present were Commissioners Horn, Bohn and Robbins. Commissioner Swenson was absent. Also present were Don Ashworth, City Manager; Barbara Dacy, City Planner; and Todd Gerhardt, Administrative Assistant. APPROVAL OF MINUTES Motion by Horn, seconded by Bohn to approve the minutes of November 4, 1986 as written. Ail voted in favor and the motion carried. REQUEST FOR LOAN PAYMENT - BOWLING CENTER Ashworth explained that the reason for tabling this item was to allow staff a chance to speak with John Dorek. The outcome of this meeting with Mr. Dorek confirmed that the bowling center has inefficient parking, less than typical landscaping standards and the ncessity for street frontage entrance. Ashworth further explained that staff could reach an agreement with the bowling center to meet these deficient areas. A final decision regarding the center island should not be made until plans and specifica- tions have been complted and actual public improvements have started along the proposed south/north road. Staff recommended that the remaining $20,000 be released and a written format be used with similar language, as was used in the first release of funds agreement, that would affect the decision making process of the center island. Motion by Whitehill, seconded by Horn to follow the same format as the first release of funds. All voted in favor and the motion carried. CHADDA/CITIZEN COMMENTS Patricia Roettler was speaking on behalf of her mother-in-law, Angie, who owns the house and lot located within the redevelop- ment area of downtown. Mrs. Rettler is requesting that Angie Roettler's property be purchased as soon as possible and be given a fair price. Ashworth explained that the Roettler home could be bought during the first phase of the project as soon as the appraisals have been completed. CHADDA/Financial Runs Ashworth asked Andy Merry, of A. K. Merry Associates, to list the objectives which the city is looking for in financing only the Retail West and two phases of the housing project. HRA Minutes December 18, 1986 Page 2 Sid Inman, of Holmes and Graven, explained his analysis of the most recent cash flow that would include the two phases of housing Retail West and Retail Central. Mr. Inman explained that the city would be maximizing its use of existing funds, reduce their overall risk, and decrease the tax increment debt through this process. He stated that the City would not be required to commit themselves financially until the project is reasonably secure. The developer would then have to secure some other form of outside financial assistance. Whitehill asked what would happen if the project did not go ahead as planned; would each of the landowners still have to pay special assessments? Ashworth replied that if the public improvements were made, the landowners benefiting from these improvements would be assessed. CHADDA/Site Plan Larry Smith, from Housing Alliance, explained the.revisions to the proposed site plan. He stated that the housing section pro- poses 60 units and several of the units would be designated for the elderly. He stated that the plan proposes 141 parking spa- ces, but noted that additional parking was needed. He felt con- fident that with some alterations in the plan they could reach the needed amount of 160 parking spaces. Motion by Whitehill, seconded by Horn, to proceed with the Development Contract negotiation process. All voted in favor and the motion carried. COMMUNITY CENTER - REQUEST TO INITIATE CITIZEN REVIEW COMMITTER Brad Johnson requested the HRA to recommend to the City Council that a Community Center Task Force be established. Motion by Robbins, seconded by Horn, that a Community Center Task Force be established by January. All voted in favor and the motion carried. ACQUISITION OF CHANHASSEN MALL PROPERTY - BLOOMBERG COMPANIES Clayton Johnson, representing the Bloomberg Companies, stated that he would like to acquire portions of the Chanhassen Mall facility if the city was not planning on a community center for the site. Ashworth explained that an agreement could be drafted so that they would have the first option on purchasing the pro- perty. Motion by Whitehill, seconded by Bohn, to draft an agreement for the Bloomberg Companies to have the first option of HRA Minutes December 18, 1986 Page 3 purchasing the city owned portion of the Chanhassen Mall. Ail voted in favor and the motion carried. CONSIDERATION OF COMMENTS ON YEAR 2005 TRANSPORTATION STUDY Barbara Dacy and Fred Hoisington gave an overview of affected agencies' and jurisdictions' comments regarding the Broadened Study Area. They stated that additional analysis is necessary to verify whether or-not the TH 5/CR 4 intersection would fail should the Dell Road interchange not be constructed in the anti- cipated timeframe. Hoisington stated that Benshoof has proposed two options. One would provide additional study of the entire system and would cost $5,000-$6,500. The second option would analyze the intersection impacts only and would cost approxima- tely $3,000. Motion by Whitehill, seconded by Horn to approve the second approach analyzing the intersection impacts only. All voted in favor and the motion carried. APPROVAL OF BILLS Motion by Whitehill, seconded by Bohn, to approve the bills dated December 18, 196. All voted in favor and the motion carried. ADJOURNMENT Motion by Bohn, seconded by Whitehill, to adjourn the meeting at 10:20 p.m. All voted in favor and the motion carried. Prepared by Todd Gerhardt January 8, 1987