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1981 12 03 e e e Chanhassen Housing and Redevelopment Authority Special Meeting December 3, 1981 Minutes Call to Order The meeting was called to order at 7:35 p.m. by Chairman Gullickson. Present were Commissioners Gullickson, Bohn, Horn, and Russell. Absent was Commissioner Whitehill. Executive Director Scott Martin, Attorney Russ Larson, and City Manager Don Ashworth were also present. Whitehill arrived at 8:15 p.m. Approval of Minutes Bohn moved, seconded by Horn, to approve the minutes of the September 10 and October 6, 1981 meetings as presented. All voted in favor and the motion carried. Carver County Joint Cooperation Agreement Bohn moved, seconded by Russell, to adopt Resolution #81-7 approving the Joint Cooperation Agreement with Carver County for participation in the 1980 Community Development Block Grant Program under Ghant #B-80-DS-72-00l0 and authorizing the Chairman and Executive Director of the HRA to execute the agreement on behalf of the HRA. All voted in favor and the motion carried. e Approval of 1982 Administrative Operating Budget Don Ashworth, City Manager, presented a brief overview of the HRA's 1982 Administrative Operating Budget, as adopted by the City Council on October 13, 1981. Gullickson requested that the Downtown Project Construction Budget be available for review at the next regular meeting. Martin explained that the construction budget consists of the expenditure budget approved with the first bond issue, but agreed to provide up to date report on the fund status at the next meeting. The Commissioners also discussed the necessity of establishing a separate accounting system for HRA revenues and expenditures that would provide for approval of bills by the HRA rather than the City Council. Martin was directed to request a legal opinion from the Attorney concerning legal requirements for HRA accounting of tax increment revenues. Russell moved, seconded by Bohn, to approve the 1982 HRA Adminis- trative Operating Budget as presented, contingent upon presentation of an up to date status report on the Downtown Project Construction Budget at the next regular meeting. All voted in favor and the motion carried. e \ - HRA Minutes December 3, 1981 Page 2 e e e Havlik Property Purchase Option Agreement (Parcel #30) Russ Larson, Attorney, reviewed the contents of the Purchase Option Agreement and Memorandum of Option Agreement offered to and accepted by John and Loretta Havlik dated December 3, 1981 for purchase of the Havlik Mobil Station property. Commissioner Whitehill arrived at this point in the meeting. Whitehill moved, seconded by Bohn, to approve the purchase option agreement and the Memorandum of Option Agreement as executed by the Havliks, and to authorize and direct the Chairman and Executive Director to execute both agreements on behalf dfbhe HRA. The attorney was also ordered to immediately file the Memorandum of Option Agreement in the office of the County Recorder. All voted in favor and the motion carried. Huber Property Acquisition (Parcel #26) e Larson presented a status report on his negotiations with John Huber for acquisition of his vacant property identified as Parcel #26. He pointed out that an error had been made in the appraisal of this property, which consisted of including existing public street right-of- way in the property's land area computations. He concluded that the "saleable" portion of the property consists of only 88,000 square feet, and not the 99,590 square feet reported in the appraisal report. As a result of this error, negotiations for acquisition of the property have become confused and no progress has been made to acquire the property in the immediate future. He recommended that authority be given to him to have the property reappraised and to commence eminent domain proceedings for acquisition if the property owner does not accept an offer equal to the newly appraised value. Whitehill moved, seconded by Horn, to authorize reappraisal of the Huber property and to continue acquisition negotiations following receipt of the new appraisal. All voted in favor and the motion carried. Riviera Property Acquisition/Relocation (Parcel #31) Larson presented a status report on the Riviera property acquisition/ relocation negotiations. At issue was the amount of monthly rent to be paid by the Riviera if occupancy of the property continues beyond the date of acquisition by the HRA, and the amount to be paid for extensions to the original option period. The Commissioners agreed that monthly rent following HRA acquisition should be set at 1/12th of the annual real estate taxe~ exclusive of special assessments, on the property payable in the year of closing. The Commissioners also agreed to accept a provision in the purchase e ','0 e e e .. e e HRA Minutes December 3, 1981 Page 3 option agreement which provides for a $5,000 payment by the HRA for each quarterly option term extension, subject to the requirement that option extension money paid shall be deducted from the total purchase price upon HRA acquisition. HRA Acquisition/Rental Policy Horn moved, seconded by Whitehill, to extablish a formal HRA property acquisition policy that provides for a uniform rental payment to the HRA by businesses occupying properties following final HRA property property acquisition which is equal to one-twelfth (1/12th) of the annual real estate taxes, exclusive of special assessments, on the property payable in the year of closing. All voted in favor and the motion carried. Downtown Redevelopment Project Status Report Martin updated the Commissioners on the current status of activities concerning the Downtown Redevelopment Project. He reported that Red Owl stores had not yet completed their market analysis study, but that completion of the study was imminent. He also reported that Kraus-Anderson was interested in possibly constructing their mandatory building improvements in two phases rather than all at once, due to the recessionary economy. Any decision by Kraus-Anderson relative to project phasing would not be made until the supermarket issue is resolved. Martin also reported that project field survey work has commenced, and is presently more than one-half (~) completed. Completion of this work is anticipated within two (2) weeks, weather permitting. Traffic Analysis Study - Highway 5 Intersections Martin reported that completion of the HRA's intersection study for Highway 5 intersections in the area of Chanhassen Lakes Business Park was temporarily delayed while Minnetonka, Inc. prepared an Environ- mental Assessment Worksheet (EAW) and traffic study, which is required as part of their plan review requirements prior to receiving city approval. The results of the Minnetonka, Inc. traffic analysis will be incorporated in the HRA's overall intersection study. No completion date for the study is known at this time. Martin also reported that the State Department of Transportation has determined that traffic signals are warranted for the intersection of Highway 5 and Powers Boulevard (Co. Rd. 17) based on current traffic volumes. P, e e HRA Minutes December 3, 1981 Page 4 e Kraus-Anderson/Bloomberg Companies Redevelopment Agreements Expiration Dates Whitehill moved, seconded by Russell, to adopt Resolutions #81-5 and #81-6, which clarify the expiration dates of each Redevelopment Agreement by establishing May 27, 1982 as the expiration date of each. All voted in favor and the motion carried. West 79th Street Realignment Study The results of the West 79th Street realignment study, as prepared by BRW, Inc., were reviewed by the HRA. No action was taken, except to review the consultant's findings and recommendations and to file the study for future reference. Adjournment Whitehill moved, seconded by Horn, to adjourn the meeting at 9:30 p.m. All voted in favor and the motion carried. e e