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HomeMy WebLinkAbout1983 03-28 HRAP HRA AGENDA CITY OF BROOKLYN CENTER MARCH 28, 1983 7:00 p.m. 1. Call to Order 2. Roll Call 3. Invocation 4. Public Hearing Regarding Disposition of Property by the Brooklyn Center Housing and Redevelopment Authority in Accordance with Minnesota Statutes, Section 462.525 of the Municipal Housing and Redevelopment Authority Act, Minnesota Statutes, Chapter 462.411 et. seq. -The HRA convened the public hearing on February 28, 1983, March 14, 1983, and continued the hearing to this evening. 5. Resolution Setting Fair Market Value for Condemnation -This resolution provides for the quick taking of the remaining land for the elderly housing project. x 6. Adjournment a i MEMORANDUM TO: Gerald G. Splinter, City Manager FROM: Brad Hoffman, Administrative Assistant DATE: March 25, 1983 SUBJECT: Senior Housing Projects - Two actions will be needed by the Council and HRA Monday night. First, the HRA has before them a resolution setting just compensation for various parcels under condemnation. The compensation reflects the value'established by our appraiser. By passing the resolution, the HRA will go quick take on the property and have control of the sight by April 4th. The money for compensation of the property will be deposited with the Court at the start of the hearings (April 20th). The hearing will establish final compensation. By pursuing this avenue, site work should be started by mid April assuming we can stay on schedule. Second, the Council will be asked to authorized the use of the City's investment fund to provide interim financing for the project. After all of the City's costs have been established (land acquisition, utilities and so forth) a bond issue will replace the City's interim financing. The investment fund will be charging the FiRA a 10.4 percent interest "rate for the use of those funds. We will be prepared to discuss this matter in greater detail Monday night. Member introduced the following resolution and moved its adoption RE SOLUT ION NO. RESOLUTION ESTABLISHING JUST COMPENSATION FOR THE ACQUISITION OF CERTAIN INTERESTS IN REAL ESTATE BE IT RESOLVED by the Housing and Redevelopment. Authority in and for the City of Brooklyn Center as follows: 1. The Authority has previously undertaken the redevelopment of a certain area in the City of Brooklyn Center, herein - after the "project area" all in accordance with the require- ments of Minnesota Statutes, Chapter 462. 2. The Authority has previously authorized the acquisition of certain interests in the lands located within the project area including acquisition by the exercise of eminent domain and the use of the procedures authorized by Minnesota Statutes, Section 117.042. 3. The Authority has caused appraisals of the affected properties to be made, has carefully considered them and believes the work of such appraisers to have been performed in a 'competent manner and in accordance with applicable law.' Such appraisals are approved and just compensation for the following described acquisitions is established as follows: a. Parcel 5 (as described in CD -1778, Hennepin County District Court): Interest acquired: Fee simple absolute. Just compensation: $13,860 b_ Parcel 6 (as described in CD- 1778, Hennepin County District Court) Interested acquired: Fee simple absolute Just compensation: $22,220 c. Parcel 7 "(as described in CD -1778, Hennepin County District Court) Interest acquired: Fee simple absolute Just compensation: 13,860 d. Parcel 9 (as described in CD -1778, Hennepin County District Court): Interest acquired: Fee simple absolute Just compensation. $5,280 RESOLUTION NO. e. Parcel 10 (as described in CD -1775, Hennepin County District Court): 4J Interest acquired: Fee simple absolute Just compensation: $3,800 f. Parcels l and 2 (as described in CD- 1775, Hennepin County District Court): Interest acquired: Fee simple absolute Just compensation: $37,300 Date Chairman The motion for the adoption of the foregoing resolution was duly seconded by member , and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon said resolution was declared duly passed and adopted.