1981 08 20
.
Chanhassen Housing and Redevelopment Authority Meeting
August 20, 1981
Minutes
Called to Order
The meeting was called to order at 7:40 p.m. Present were Chairman
Gullickson and Commissioners Horn, Bohn, and Russell. Absent was
Whitehill. Executive Director Scott Martin was also present.
Approval of Minutes
Bohn moved, seconded by Horn, to approve the minutes of the July
23, 1981 meeting as presented. All voted in favor and the motion
carried.
Bond Sale Report
Martin reported that the City Council authorized the issuance of
$4.715 million in General Obligation Tax Increment Bonds at a net
interest rate of 11.999 percent on August 13, 1981. Bond proceeds
should be received within the next 4-5 week period, so the Instant
Web closing date has been tentatively scheduled for September 11, 1981.
e
The Commissioners authorized the outright acquisition of the Huber
property as soon as possible using available bond proceeds if the
property can be purchased below the appraised value. Purchase option
agreements should also be secured for the Havlik and Riviera properties
within the next month. Remaining funds in the property acquisition
account should be utilized for obtaining purchase options on other
properties needed to complete the downtown project.
Sorenson Property Acquisition (Parcel #8)
Mike Sorenson was present to request an adjustment in the price offered
by the HRA for his property located along the east side of Great Plains
Boulevard, just south of W. 79th Street. He presented an overview of the
history of his attempts to develop this property and discussed the
development planning costs associated with these attempts. He requested
an adjusted purchase price of $25,000.
Commissioner Russell suggested a compromise offer of $23,500 in order
to settle the matter. He also suggested the possibility of working
out a land trade with Mr. Sorenson if he would commit to developing
a project acceptable to the HRA and City within the next year or two.
Sorenson said that neither offer would be acceptable. He offered to
accept the original offer of $22,000 for his property, but added that
he would sue the City to recoup the development planning costs incurred
to date for this property.
.
The Commissioners felt that this matter should be discussed with the
attorney prior to any final decision.
Following general discussion, Russell moved, seconded by Bohn, to
acquire the Sorenson property at a total purchase price of $25,000.
All voted in favor and the motion carried.
Chanhassen HRA Meeting
August 20, 1981
Minutes
4It Page 2
Courtyard Sculpture Competition
Chairman Gullickson presented a brief report on this item and promised
a more detailed update report at the next meeting.
W. 79th Street Realignment Project
Horn moved, seconded by Russell, to authorize BRW, Inc. to proceed
with the engineering plans and plat for realignment of W. 79th Street,
east of Great Plains Blvd., at a cost not to exceed $5,400. All
voted in favor and the motion carried.
Adjournment
Horn moved, seconded by Bohn, to adjourn the meeting at 9:30 p.m.
All voted in favor and the motion carried.
4It
4It