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HomeMy WebLinkAbout1985 07-22 HRAMMINUTES OF THE PROCEEDINGS OF THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA SPECIAL SESSION JULY 22, 1985 CITY HALL CALL TO ORDER The Brooklyn Center Housing and Redevelopment Authority met in special session and was called to order by Chairman Dean Nyquist at 7:04 p.m. ROLL CALL Chairman Dean Nyquist, Commissioners Gene Lhotka, Celia Scott, Bill Hawes, and Rich Theis. Also present were HRA Director Gerald Splinter, Finance Director Paul Holmlund, Director of Planning & Inspection Ron Warren, Director of Public Works Sy Knapp, City Attorney Richard Schieffer, Housing Coordinator Brad Hoffman, and Deputy City Clerk Geralyn Barone. INVOCATION The invocation was offered by Pastor Edward Blomberg of Berean Free Church. RESOLUTION NO. 85-06 Member Gene Lhotka introduced the following resolution and moved its adoption: RESOLUTION APPROVING TWO (2) BROOKLYN CENTER HOUSING REHABILITATION GRANTS The motion for the adoption of the foregoing resolution was duly seconded by member Bill Hawes, and upon vote being taken thereon, the following voted in favor thereof: Dean Nyquist, Gene Lhotka, Celia Scott, Bill Hawes, and Rich Theis; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted. RESOLUTION NO. 85-07 Member Celia Scott introduced the following resolution and moved its adoption: RESOLUTION APPROVING THE PURCHASE OF CERTAIN REAL PROPERTY IN THE CITY OF BROOKLYN CENTER; AND AUTHORIZING THE EXECUTION OF A PURCHASE AGREEMENT The motion for the adoption of the foregoing resolution was duly seconded by member Bill Hawes. Commissioner Lhotka asked if the Purchase Agreement included everything the City desired, and the City Attorney stated that Attorney John Dean had been working with the Housing Coordinator on the agreement. The Housing Coordinator stated the agreement was drafted by the City Attorney and meets the needs of the City. Mayor Nyquist remarked he was unclear on the actual purchase price, and asked if the final price to the City includes unpaid taxes. The Housing Coordinator stated the total price of the purchase including taxes is $2.1 million and $90,000 of that total is in unpaid taxes and assessments. The HRA Director noted the assessments have been levied on the property but are not overdue. Chairman Nyquist asked if the taxes for the first half of 1985 have been paid, and the Housing Coordinator said taxes for that period have only been paid on one parcel and not the other. 7-22-85 -1- Chairman Nyquist referred to Section 8 of the Purchase Agreement and asked if the seller would enter into a lease or if the possession of the houses and the barn would be gratis. The Housing Coordinator responded saying the seller would have gratis access to the houses and barn for 36 months, and the lease will reflect such an agreement. Chairman Nyquist asked if the seller will pay property taxes during the time of the seller's possession of the buildings, and the Housing Coordinator stated the seller would not pay taxes. Commissioner Hawes referred to the letter dated July 18, 1985 addressed to the Housing Coordinator from Von Feldt and Salmen, and asked if Item One in the letter is referencing real estate taxes. The Housing Coordinator stated it is. Commissioner Hawes referenced item two in the same letter and asked for further clarification of the relocation. The Housing Commissioner stated relocation benefits are available to the seller according to state and federal government requirements. Commissioner Hawes asked what the relocation specifically applies to, and the HRA Director said it applies to the seller. Commissioner Hawes asked what type of insurance the seller would have to retain, and the Housing Coordinator stated the seller has to maintain liability insurance while the City will have liability for the buildings. Commissioner Hawes referred to Item Five in the same letter and asked if a time limit has been set. The Housing Commissioner stated limits are on the length of time for the lease of the property, and there is no life estate to the seller or his heirs. Chairman Nyquist questioned Item B on page three of the Purchase Agreement, and the Housing Coordinator emphasized that the buyer has the option to cancel the Purchase Agreement. Chairman Nyquist questioned the possibility of the seller not settling a lawsuit, and the City Attorney stated the City could settle the lawsuit and deduct the costs from the purchase price. Chairman Nyquist noted the agreement does not specifically state this, and the City Attorney stated if the lawsuit is not settled by the day of closing, then there would be no closing. Commissioner Hawes referred to Item Six on pages three and four of the Purchase Agreement and asked how the listed exceptions fit into the agreement. The Housing Coordinator noted these are items the City can control but the seller has no control over them. Commissioner Hawes referred to Item Eight on page four of the Purchase Agreement, asking for clarification on which three houses the agreement refers to, and the Housing Coordinator and HRA Director explained the locations of these buildings. Upon vote being taken on Resolution No. 85-07, the following voted in favor thereof: Chairman Nyquist, Commissioners Lhotka, Scott, Hawes, and Theis; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted. The HRA Director introduced a Resolution Approving the Redevelopment Program and Tax Increment Plan. He noted changes to the plan, and stated the school district has two options regarding fiscal disparities. The HRA Director recommended the Housing and Redevelopment Authority to pass the plan with the option of capturing fiscal disparities for the school district. The Housing Coordinator noted the Housing and Redevelopment Authority must approve the plan and the City Council will take a final action on it. Commissioner Lhotka asked what the life of the plan is, and the Housing Coordinator 1 7-22-85 -2- stated the worst case is 15 to 17 years. Commissioner Lhotka noted the school board indicates ten years as the life of the plan, and the Housing Coordinator responded that this is an optimistic estimate. Commissioner Lhotka said that when ten years was originally stated, he thought this was an accurate estimate and not an optimistic one. The Housing Coordinator stated different assumptions were made for each case and the worst case is a more conservative approach. Commissioner Lhotka asked what date the numbers were last calculated, and the Housing Commissioner stated they had been calculated on July 16, 1985• The HRA Director noted the estimate of 15 to 17 years is conservative, and chances are the actual life could shrink to ten years. Commissioner Lhotka asked if the City is committing to a ten year plan, and the HRA Director responded that the City is committing to the dollar amount stated in the plan. Commissioner Theis asked at what point the school district will be made whole. The Housing Coordinator stated it depends on the numbers used, but with a .575 mill rate the pay back period is ten years. Commissioner Theis noted that after the development district is complete it will not take long to pay back the school district what they have lost in revenues. The HRA Director stated the school district chose-the option of capturing the fiscal disparities because the money is returned back to the school sooner. Commissioner Lhotka asked the Director of Finance if he agreed with the estimates. The Director of Finance stated he does not disagree with the figures presented by the company preparing the report. Commissioner Lhotka asked the Director of Finance if he has an opinion on this issue, and the Director of Finance stated he did not. He added he is not a believer in this type of financing but does not disagree with the numbers presented. Commissioner Lhotka asked the Director of Finance how he would finance this project in another way, and the Director of Finance stated he would not get involved in this type of project at all. The HRA Director noted the Director of Finance has made-his point of view clear from the beginning of this project. Commissioner Hawes asked if the State of Minnesota contributes to the school district's levy. The HRA Director said there is a per pupil unit support level, and the State contributes any difference between the mill levy and the per pupil requirement. RESOLUTION NO. 85-08 Member Bill Hawes introduced the following resolution and moved its adoption: RESOLUTION APPROVING A REDEVELOPMENT PLAN AND TAX INCREMENT FINANCING PLAN FOR THE EARLE BROWN FARM REDEVELOPMENT PROJECT: REQUESTING THE BROOKLYN CENTER CITY COUNCIL TO CONDUCT PUBLIC HEARINGS THEREON: AND RECOMMENDING APPROVAL OF THE PLANS The motion for the adoption of the foregoing resolution was duly seconded by member Rich Theis, and upon vote being taken thereon, the following voted in favor thereof : Dean Nyquist, Gene Lhotka, Celia Scott, Bill Hawes, and Rich Theis; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted. ADJOURNMENT There was a motion by Commissioner Scott and seconded by Commissioner Theis to adjourn the meeting. Voting in favor: Chairman Nyquist, Commissioners Lhotka, Scott, Hawes, and Theis. Voting against: none. The motion passed unanimously. The Brooklyn Center Housing and Redevelopment Authority adjourned at 7:32 p.m. Chair 7-22-85 -3- /