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1982 11 18 e e e Minutes Chanhassen Housing and Redevelopment Authority Regular Meeting November 18, 1982 CALL TO ORDER -- Chairman Bill Gullickson called the meeting to order at 7:30 p.m. Present were Commissioners Gullickson, Bohn, Whitehill, Horn, and Russell. Executive Director Scott Martin was also present. APPROVAL OF MINUTES Bohn moved, seconded by Horn, approval of the minutes of the August 19, 1982 meeting, as presented. All voted in favor and the motion carried. The Commissioners also noted the minutes of the Special Joint meeting with the City Council held on October 7, 1982. POSITION PAPER ON STATUS OF DOWNTOWN REDEVELOPMENT PROJECT Russell moved, seconded by Whitehill, to formally endorse the Downtown Project Steering Committee's "Position Paper on the Status of the Downtown Redevelopment Project" (dated November 2, 1982), as presented. All voted in favor and the motion carried. The Commissioners also noted BRW's evaluation of the revised Kraus-Anderson Development Proposal (dated October 28, 1982), which was reviewed by the Downtown Project Steering Committee prior to preparation of the Position Paper. EXTENSION OF PURCHASE OPTION AGREEMENTS FOR CHANHASSEN TIRE AND -- AUTO AND RIVIERA SUPPER CLUB PROPERTIES Whitehill moved, seconded by Horn, to extend the purchase option agreements for the Chanhassen Tire and Auto (Havlik) and Riviera Supper Club (Krueger) properties for a three (3) month period (December 1,1982 - March 1, 1983), in accordance with Section 3.1(a) of each agreement. All voted in favor and the motion carried. REIMBURSEMENT OF RIVIERA APPRAISAL COSTS Whitehill moved, seconded by Horn, to authorize the Statutory reimbursement of $300 (Three-Hundred Dollars) to the Riviera Supper Club for costs associated with the Real Estate Appraisal (dated September 12, 1980) prepared on their behalf by o. J. Janski and Associates, Inc. All voted in favor and the motion carried. HRA Minutes November 18, 1982 Page 2 e AUTHORIZE FEASIBILITY STUDY FOR ADAPTIVE-REUSE OF INSTANT WEB BUILDING Whitehill summarized his impressions of the Instant Web Building following the Steering Committee's tour of November 2, 1982. Russell moved, seconded by Horn, to accept BRW's professional services proposal (dated "Received October 28, 1982") for pre- preparation of a Feasibility Study for the Adaptive-Reuse of the Instant Web Building, as recommended by the Downtown Project Steering Committee, with funding to be allocated from the Downtown Project Improvement Fund. All voted in favor and the motion carried. AUTHORIZE MARKET ANALYSIS STUDY TO DETERMINE SUPERMARKET POTENTIAL Mr. Elliott Olson, President of Retail Systems, Inc. reviewed their proposal to conduct a Market Analysis Study to determine the potential for a full-line supermarket in the Downtown Project Area. e Russell moved, seconded by Bohn, to authorize the preparation of a market analysis study by Retail Systems, Inc., as outlined in their proposal dated "Received November 15, 1982", and to authorize the Executive Director to execute a professional ser- vices agreement with Retail Systems, Inc. on behalf of the HRA. Funding for this study shall be allocated from the Downtown Project Improvement Fund. All voted in favor and the motion carried. CHAMBER OF COMMERCE REQUEST FOR HRA ACQUISITION OF GUY PETERSEN PROPERTY-YPARCEL #1) Whitehill moved, seconded by Horn, to take no action towards acquisition of the Guy Petersen property (Parcel #1), as requested by the Chanhassen Chamber of Commerce, since acquisition would be premature and limited redevelopment funds are needed for Phase One acquisitions in the Downtown Core Area. All voted in favor and the motion carried. STATUS REPORT ON TRANSPORTATION TASK FORCE Martin presented a brief overview of recent efforts by the Chamber of Commerce Transportation Task Force to have Highway 5 upgraded to four-lane divided arterial standards from 1-494 to Highway 41. He explained that Mayor Hamilton has requested $500 in HRA funds to assist the Task Force in their efforts to gain funding approvals for upgrading Highway 5. e HRA Minutes November 18, 1982 e Page 3 Whitehill moved, seconded by Horn, to appropriate $500 (Five-Hundred Dollars) from Fund #460 to the Chamber's Transportation Task Force, since the need for major improvements to Highway 5 is identified in the Adopted Redevelopment Plan. All voted in favor and the motion carried. APPROVAL OF BILLS Horn moved, seconded by Bohn, to approve the bills from September, October, and November, 1982, as presented, including the invoices from BRW, Inc. (No. 32125) and Coordinated Management Systems, Inc. (No. 6423) which were distributed at tonight's meeting. All voted in favor and the motion carried. NEW BUSINESS e Martin reported that he has contacted two real estate pro- fessionals concerning current market leasing rates for office, warehouse, and manufacturing facilities in an effort to determine the short-term leasibility of the Instant Web Building as of the first of the year. An average rental rate of $2.00 per square foot for warehouse space was quoted for the Southwest Suburban Area. Both agents also advised him that it would be extremely difficult, if not impossible, to lease office space for a period of less than three (3) years, and probably even for a term of up to five (5) years. Martin recommended negotiating with Minnetonka, Inc., since they have expressed an interest in leasing up to 40,000 square feet of warehouse space for raw materials storage. The Commissioners directed Martin to negotiate with Minnetonka, Inc. for a lease with a 6 month (maximum) cancellation clause. Martin reported that he has recently begun to explore the con- cept of developing a district heating system within the Downtown Project Area that would be fueled by the incineration of solid waste (garbage). Gullickson cautioned the HRA to move slowly in this area, as there are as many horror stories about efforts that have failed as there are successful projects. More information concerning this idea will be presented to the Downtown Project Steering Committee and HRA in the future. ADJOURNMENT Horn moved, seconded by Russell, to adjourn the meeting at 9:30 p.m. All voted in favor and the motion carried. e -