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1987 09 10HOUSING AND REDEVELOPMENT AUTHORITY MINUTES SEPTEMBER 10, 1987 CALL TO ORDER: Vice-Chairman Horn called the meeting to order at 7:34 p.m. Members present: Commissioners Bohn, Horn, Swenson and Robbins. Chairman Whitehill was absent. Also present were Don Ashworth, City Manager and Todd Gerhardt, Administrative Assistant. APPROVAL OF MINUTES: Motion by Swenson, seconded by Bohn to approve the August 13, 1987, minutes as presented. All voted in favor and the motion carried. MODIFIED DEVELOPMENT DISTRICT NO. 1 AND MODIFIED TAX INCREMENT FINANCING DISTRICT NO. 2: Ashworth explained that by expanding Development District No. 1 and modifying Tax Increment District No. 2, the Housing and Redevelopment Authority can carry out the acquisitions needed to meet the overall efforts as described within the plan. Ashworth further explained that the HRA does not need to take action on this item. Staff felt it was important to update the HRA on the progress of this item and that the City Council approved the plan on August 3, 1987. SPECIAL ASSESSMENT REDUCTION PROGRAM - QUAD STAR PROPERTIES: Gerhardt explained that Quad Star Properties is under construc- tion and requested to participate in the HRA's Special Assessment Reduction Program. The HRA's contribution towards the special assessments on Lot 2, Block 1, Chanhassen Lakes Business Park totaled $35,476. Motion by Swenson, seconded by Bohn to approve the assessment agreement and authorize its execution by the Chairman and Executive Director. Motion unanimously approved. SPECIAL ASSESSMENT REDUCTION PROGRAM - WEST VILLAGE TOWNHOUSE PARTNERS: Gerhardt explained that West Village Townhouse Partners are requesting the HRA's approval to join the Special Assessment Reduction Program. The applicant is proposing to construct two phases of 32 units each. Staff is recommending approval of the assessment agreement. Swenson stated that this would be the first project out of the industrial park requesting special assessment assistance. Ashworth agreed and further stated that the Council did approve the development and it does qualify for special assessment assistance. Motion by Swenson, seconded by Horn to approve the assessment agreement and authorize its execution by the Chairman and Executive Director. GROUNDBREAKING UPDATE: Ashworth explained the HRA requested staff to look into the amount of money budgeted for the groundbreaking. The minutes from that meeting show an amount of $2,000 was approved. HRA MINUTES September 10, 1987 Page 2 Ashworth explained that approximately $1,000 of the $2,000 was spent on the July 4th groundbreaking. He stated that citizens, staff, and staff's family volunteered their time in organizing the event. Ashworth stated that if it is the HRA's 'intent to sponsor an appreciation night jointly with CHADDA, staff will work with them on organizing the event. Motion by Swenson, seconded by Bohn to send a letter of appre- ciation to everyone involved with the 4th of July groundbreaking. Motion unanimously approved. Motion by Swenson, seconded by Robbins to work with CF. ADDA in organizing an appreciation night. Motion unanimously approved. CHADDA VERBAL PRESENTATIONS: Ashworth introduced Brad Johnson from CHADDA to give the HRA an update on the progress of their efforts. Mr. Johnson explained that C~ADDA has met with Fred Hoisington to discuss the parking demand for both the Medical Arts Building and the proposed hotel and community center site. They also discussed alternative costs of each of the projects. Johnson then explained that he would have more information on the grocery store site, Hanus Truck facility, and Retail Central at the next HRA meeting. APPROVAL OF AUGUST BILLS: Motion by Swenson, seconded by Bohn to approve the bills with the deletion of a $23,745.12 payment to McClees Investments. Motion unanimously approved. ADJOURNMENT: Motion by Robbins, seconded by Swenson to adjourn the meeting at 9:25 p.m. All voted in favor and the motion carried. Prepared by: Todd Gerhardt October 9, 1987