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1989 10 19HOUSING AND REDEVELOPMENT AUTHORITY October 19, 1989 CALL TO ORDER: Vice Chairman Horn called the meeting to order at 7:35 p.m. Members present: Commissioners Bohn, Horn, Robbins and Workman. Also present were Don Ashworth, Executive Director and Todd Gerhardt, Assistant Executive Director. APPROVAL OF MINUTES: Motion by Workman, seconded by Bohn to approve the September 21, 1989 minutes as presented. All voted in favor and the motion carried. VISITOR PRESENTATIONS: None CONSIDERATION OF APPROVAL FOR MARKET SQUARE DEVELOPMENT CONTRACT: Ashworth introduced John Dean from Holmes and Graven Law Firm to give an overview of the development contract for the Market Square Development. Mr. Dean explained each of the exhibits attached to the development contract. The exhibits were listed as: A - Redevelopment Property Description; B - Form of Deed (HRA to Redeveloper); C - Project Plans; D - Public Improvement Plans; E - Special Assessment Allocation; F - Repayment Agreement; G - Transfer Agreement; H - Certificate of Completion. Ashworth then introduced Jim Winkels representing General Partnership for development to explain the grocery store con- ditions. Mr. Winkels explained that for a grocery store to locate in a community they must have a certain amount of profit, which is based on a gross sales formula. At several of their meetings the HRA expressed concern about the size of the store and that it may be too small to meet the community's needs. Mr. Cooper explained that the agreement should be changed and that in the first agreement we looked at a 16,000 sq. ft. store and now he is proposing a Super Valu store of 22,000 sq. ft. with a sales area of 17,000 sq. ft. Mr. Cooper continued to explain that to support an area like this he would have to have sales of $20 million per year and feels he can do that with Market which is in Chanhassen. Motion by Horn, seconded by Robbins to approve the Market Square Development Contract with the condition that Chairman Whitehill review the agreement and any changes he feels are important and that Exhibits I and J come back to the HRA for final approval. All voted in favor and the motion carried. UPDATE ON THE LANDSCAPING AND ROADWAY PLAN FOR DOWNTOWN: Gerhardt explained that the HRA directed Vice-Chairman Horn, Commissioner Robbins and staff to review the landscaping plan with Todd Wickman of BRW. At this meeting it was decided that areas of concern were the sight lines at each of the intersec- tions, maintenance, and removal of the dead materials in a timely manner. The committee also suggested that materials that are dead should be replaced with a different variety of tree and to provide a little more color to the downtown such as a flowering HRA Minutes October 19, 1989 Page 2 plum. The committee had also asked Mr. Wickman to show his changes to the Public Safety Commission for their input. Gerhardt also explained that the HRA should have received a drawing of the turn lanes for Market Boulevard as requested at their September meeting. Gerhardt asked the HRA if they were in agreement with the proposed drawing and the HRA expressed their agreement. The HRA also asked staff to show the businesses along West 79th Street the proposed intersection of West 79th Street and Great Plains Boulevard. Staff agreed and would set up a meeting with those businesses impacted by the interchange. CONTRACT FOR PRIVATE DEVELOPMENT - PMT CORPORATION: Gerhardt explained that PMT Corporation is requesting special assessment assistance for the development of a 34,000 sq. ft. office/manufacturing facility on Lot 2, Block 1, Chanhassen Lakes Business Park 5th Addition. The proposed PMT agreement would provide $178,305 in estimated specials and would total $171,956, leaving the remaining incre- ment of $6,349. Staff recommended approval of the Private Development Contract with A1 Iverson, President of PMT Corporation for the development of a 34,000 sq. ft. office/ manufacturing facility. Motion by Robbins, seconded by Bohn to approve the Private Development Contract with PMT Corporation. All voted in favor and the motion carried. UPDATE REGARDING BERNIE HANSON STORAGE NEEDS: Gerhardt explained that staff was directed to look at the option of dividing the contract with Diamond 5 Wrecking, Inc., into two separate contracts. Gerhardt explained that the costs associated with dividing the contract would be $500. The HRA directed staff to work with Mr. Hanson to look at alter- native storage space at Bloomberg Companies' building across the street. No further action was taken. TCNB PURCHASE AGREEMENT MODIFICATION: The HRA directed staff to work out an agreement with TCNB regarding their moving onto the HRA property before the sale of the property is to occur. No further action was taken on this item. APPROVAL OF BILLS: Motion by Robbins, seconded by Workman to approve the bills as presented. ~11 voted in favor and the motion carried. ADJOURNMENT: Motion by Bohn, seconded by Robbins to adjourn the meeting at 9:00 p.m. All voted in favor and the motion carried. Prepared by Todd Gerhardt, Assistant Executive Director