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1988 03 24HOUSING AND REDEVELOPMENT AUTHORITY MINUTES MARCH 24, 1988 CALL TO ORDER: Vice-Chairman Horn called the meeting to order at 7:36 p.m. Members present: Commissioners Bohn and Robbins. Chairman Whitehill and Commissioner Swenson were absent. Also present were Don Ashworth, City Manager and Todd Gerhardt, Administrative Assistant. APPROVAL OF MINUTES: Motion by Bohn, seconded by Robbins to approve the February 18, 1988, minutes as presented. All voted in favor and the motion carried. DOWNTOWN UPDATE (Presentation by BRW): Gerhardt explained this item was tabled at the HRA's February meeting to give HRA members additional time to review the concept drawings for the Pony Express, Pauly's and Pryzmus buildings. Staff presented each of the building facia plans to the HRA for their review. The HRA directed staff to follow up with the concept of working the canopy trellis and false facade together in redeveloping the rear of the building. The HRA wanted to see consistency throughout the downtown and by adding the two concepts together they felt they could achieve that consistency. Staff concluded by saying that they would pass on the HRA's comments to Jim Lasher. REQUEST FOR_F~NANCIAL ASSISTANCE FOR THE DOWNTOWN HOUSING PROJECT: Ashworth explained some of the history the HRA has gone through in their review for the financial assistance for the Downtown Housing Project. Staff then asksed for each of the Commissioners their feelings for the project and the assistance which CHADDA is requesting for this development. Commissioner Robbins explained that he feels comfortable with the twelve years. Commissioner Bohn stated that he would like to see financing clo- ser to the six to eight year period. Motion by Bohn, seconded by Robbins, to approve the request for financial assistance for the Downtown Housing Project as sum- marized in John Dean's memorandum dated March 17, 1988. All voted in favor and the motion carried. REQUEST FOR SPECIAL ASSESSMENT ASSISTANCE - Chanhassen Retail Limited Partnership: Gerhardt explained that the Chanhassen Retail Limited Partnership is requesting HRA assistance in writing down their special assessments on Lot 1, Block 1, CHADDA Addition. The applicant will be constructing an 18,000 square foot retail center. The total minimum market value of the construction is estimated at $992,800.00. The proposed HRA spe- cial assessment obligation to the project would be as follows: $992,800 - $169,500 = $823,300 x 12% = $98,796.00 HRA Minutes March 24, 1988 Page 2 The estimated balance of special assessments on this property is $92,000. Staff recommended the HRA approve the special assessment reduction agreement and authorize its execution by the Chairman and Executive Director. Motion by Robbins, seconded by Bohn, to approve the Special Assessment Reduction Agreement and authorize the Chairman and Executive Director to execute the agreement with Chanhassen Retail Limited Partnership. All voted in favor and the motion carried. SITE PLAN PRESENTATION - BRWr Lot 5r Block ir Frontier Development Park: Gerhardt explained the site plan layout for the Hanson/Anderson building on West 79th Street. Staff further explained that BRW's planning for this site was to insure that extensive landscaping and adequate parking areas were developed. Staff feels that both of these areas have been met. This item was presented to the HRA as an informtaional item and no further action was needed to be taken. AWARD OF BIDS FOR DEMOLITION OF LABALO BUILDING: Gerhardt explained that staff has received three bids for the demolition of the Labalo building. The results are as follows: A1 Smith Excavating Carl Bolander Shafer Contracting $20,484 $28,707 $31,153 Staff recommended that the HRA award the contract to A1 Smith Excavating for $20,484. Motion by Robbins, seconded by Bohn, to award the demolition contract for the Labalo Building to A1 Smith Excavating for $20,484. All voted in favor and the motion carried. APPROVAL OF BILLS: Motion by Robbins, seconded by Bohn, to approve the bills as presented. All voted in favor and the motion carried. CHADDA REQUEST FOR REIMBURSEMENT OF RETAIL WEST OPEN HOUSE: Staff explained that during the HRA's September 10, 1987, meeting, the HRA was asked to assist with the costs associated with Retail West groundbreaking and open house. Staff cannot recall what level of HRA participation was agreed to by the Commission. CHADDA is requesting the HRA reimburse CHADDA for half of the cost or $3,388.36. Motion by Robbins, seconded by Bohn, to approve the CHADDA request for $3,388.36 for reimbursement for half of the costs of the Retail West groundbreaking and open house. All voted in favor and the motion carried. ADJOURNMENT: Motion by Bohn, seconded by Robbins, to adjourn the meeting at 8:57 p.m. All voted in favor and the motion carried.