HomeMy WebLinkAboutEDA AGN 08-20-02CITY OF COLUMBIA HEIGHTS
590 40th Avenue N.E.. Columbia Heights, MN 55421-3878 (763) 706-3600 TDD (763) 706-3692
Visit Oft' Website at: www. ci. cohonbia-heights, mn.us
EDA COMMISSIONMERS
Robert W. Ruettimann
Patricia Jindra
Marlaine Szurek
Julienne Wyckoff
Gary L. Peterson
Bruce Nawrocki
Bobby Williams
ECONOMIC DEVELOPMENT AUTHORITY
August 20, 2002
The following is the Agenda for the regular meeting of the Columbia Heights Economic Development
Authority (EDA) to be held IMMEDIATELY FOLLOWING THE HRA MEETING on Tuesday,
August 20, 2002, at City Hall, Conference Room 1,590 40th Avenue N.E., Columbia Heights, MN 55421
The EDA does not discriminate on the basis of disability in the admission or access to, or treatment or employment in, its
accommodation will be provided to allow individuals with disabilities to participate in all EDA services, programs, and
activities. Auxiliary aids for handicapped persons are available upon request when the request is made at least 96 hours in
advance. Please call the EDA Secretary at 706-3669 to make arrangements (TDD 706-2806) for deaf or hearing impaired only.
CALL TO ORDER/ROLL CALL.
PLEDGE OF ALLEGIANCE.
CONSENT AGENDA.(These items are considered to be routine by the EDA Board of Commissioners and
will be enacted as part of the Consent Agenda by one motion.)
A. Move to adopt the consent agenda items as listed below:
1) Approval of Minutes.
a. The Regular Meeting of July, 2002.
2) Financial Report and Payment of Bills.
a. Financial Statement for July, 2002.
b. Payment of Bills for July, 2002.
MOTION: Move to approve Resolution 2002-11, Resolution of the Columbia Heights
Economic Development Authority (EDA) approving the f'mancial statement for July, 2002
and approving payment of bills for the month of July, 2002.
ITEMS FOR CONSIDERATION.
1. Adopt Resolution 2002-12, a Resolution Recommending Setting the EDA Levy
MOTION: Move to Adopt Resolution 2002-12, being a Resolution of the Columbia Heights
EDA recommending setting the EDA Levy.
2. TIF Status Report
3. Municipal State Aid for Redevelopment
ADMINISTRATIVE REPORTS
Report of the Deputy Executive Director -Robert Streetar.
Report of the Executive Director - Walt Fehst.
ADJOURNMENT
Walter R. Fehst, Executive Director
H:\edaAgenda2002\8-20-2002
The mission of the Columbia 7-1eiohts Bconomic Development Authority is to provide financial and technical assistance and
resources
EQUAL OPP~)RTUNITY EMPLOYER
redevelopment.
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA)
REGULAR MEETING MINUTES OF JULY 16, 2002
CALL TO ORDER - The Regular Meeting of the Columbia Heights Economic Development
Authority (EDA) was called to order by President Ruettimann at 7:16 p.m., Tuesday, July 16,
2002, at Parkview Villa, 965 40th Avenue NE, Columbia Heights, Minnesota.
ROLL CALL
Commission Members Present:
Commission Members Absent:
Staff Present:
Robert Ruettimann, Patricia Jindra, Marlaine Szurek,
Julienne Wyckoff, and Bruce Nawrocki
Bobby Williams and Gary Peterson
Walt Fehst, Executive Director
Bob Streetar, Deputy Executive Director
Randy Schumacher, Community Development Assistant
Cheryl Bakken, Secretary
CONSENT AGENDA
Approval of Minutes
Move to adopt the minutes of the June 2002, regular meeting as presented in writing.
Financial Report and Payment of Bills
Move to approve Resolution 2002-10, Resolution of the Columbia Heights Economic
Development Authority (EDA) approving the financial statements for June, 2002 and approving
payment of bills for June, 2002.
MOTION by Nawrocki, second by Wyckoff, to adopt the consent agenda items as listed
amending the minutes as follows:
Page 3, Industrial Center Request for Qualifications, paragraph three, should read:
Nawrocki questioned if Awsumb has Industrial Development experience. He also
questioned if Welsh Companies should not be considered because of the way he treated the
business owners of the 49~ and Central (Hilltop) strip mall unfairly.
All ayes. Motion Carried.
Nawrocki asked Bill Elrite, Finance Director how the EDA is doing on an overall basis. Elrite
stated that overall the EDA is doing fine and does not see any problems that may arise this year.
Ruettimann asked if there was a way to simplify the financial report and make it user friendly.
Elrite indicated they could possibly provide a tally sheet to go in the front of the financial report.
Ruettimann requested staff work with Elrite to develop a one-page summary of the financial
report to be placed before the green section of the report by the next meeting.
ITEMS FOR CONSIDERATION
FINANCIAL REVIEW
Bill Elrite, Finance Director passed out a revised memo and spreadsheet to the Board. Elrite
indicated the memo lists were we are at with our Sheffield Loan Balance. As of 12/31/2001 the
total Sheffield Loans payable was $689,720. The money has been placed in a reserve rather
Economic Development Authority Meeting Minutes
July 16, 2OO2
Page 2 of 3
than paying the loan off because it is a TIF project and when the City took it out we were unclear
of the TIF tax revenue we would be receiving. At the present time, it is anticipated the TIF
revenue may payoff the full loan. By having the revenue it provides a backup incase we would
experience a shortfall. The HRA levy next year will be the last levy we will have to transfer to
the project. The entire reserve will be available in the future for use at the discretion of the
Board.
Nawrocki asked if the money couldn't be returned to the residents and how much TIF money has
been collected from this area. Elrite indicated funding could be returned to residents or
reallocated for other purposes and that it was approximately as much as $200,000.
APPOINTMENT OF BUSINESS REVOLVING LOAN FUND COMMITTEE
Streetar stated at the April EDA meeting, the Board directed staff to advertise for two more
Business Revolving Loan Fund Committee members to satisfy Bylaw requirements. The current
committee members consist of Ruettimann, Wyckoff, and Erv Bednard. Applications were
received from Joseph Schmidt and Terry Watts, which staff has attached for board review and
approval
Ruettimann suggested a breakfast meeting with the Southern Anoka County Chamber and
business owners to advertise the program. Bakken indicated staff updated the Columbia Heights
business list in May of this year, which could be used for the mailings.
Streetar suggested a meeting the Commercial loan lenders. Wyckoff asked what kind of
advertising was done. Bakken stated that the Deputy City Clerk, Patty Muscovitz advertised in
the Focus paper along with the other City Commission openings, staff sent personal letters to
recommended individuals and past downtown development members, which came out to
approximately twenty-two letters.
MOTION by Nawrocki, second by Wyckoff, to Appoint Mr. Joseph Schmidt and Ms. Terry
Watts as members of the BRLF Loan Review Committee subject to confirmation by Ruettimann
of their attendance and meeting schedules. All ayes. Motion Carried.
REPORT OF DEPUTY EXECUTIVE DIRECTOR
Streetar reported on the following:
1. Caribou Coffee - There was an article in the Minneapolis paper on July 7th indicating
Caribou Coffee was interested in locating in Columbia Heights. Staff has been working
with them and suggested two areas 1) the proposed new strip mall in the Rainbow lot;
and 2) the 37a and Central block area. They were originally interested in the Hardees
location, but couldn't come to an agreement on the purchase price.
Mady's Site- Dunbar has already proposed some uses for the site. Staff has also
contacted Schaefer Richardson and will be meeting with them on Friday to discuss their
ideas. The Liveable Communities Grant Application for $25,000 was accepted for this
project area.
Economic Development Authority Meeting Minutes
July 16, 2002
Page 3 of 3
3. United Properties - Staff is working diligently with United Properties to finalize the plan,
which will be presented to City Council on August 12th.
40th & University (Conoco)- Staff has received the completed Environmental Study for
the property at 3955 University Avenue. The Environmental Study was just received so
the closing will be postponed until October. This property will be purchased with CDBG
funds.
Parkside Village (St. Tim's ProjecO- The Planning & Zoning Commission approved the
plat and site plan for the townhome project on July 9th and will be presented to City
Council at their meeting of July 22nS for approval.
Rainbow Site- The developers of the gas station are still planning on building sometime
this summer. For the strip mall, the developer has asked for a one-year extension, as
they cannot find businesses to rent out the units. Staff recommended Caribou Coffee
contact them also.
7. TIF Report- Staff is working with Shelly Eldridge of Ehlers & Associates to update the
status report of all of our TIF Districts, which will be provided at the August meeting.
Other Business
Ruettimann indicated he asked staff to obtain three things that will be available by the next
meeting: O a listing of residential and commercial properties; 2) County and State Aid streets;
and 3) a map of the possible redevelopment areas of Columbia Heights.
Wyckoff asked about the Affordable Housing Purchase Agreement that was noted in the Housing
Update for the 4607 Tyler Street property. Streetar indicated that staff will be bringing this item
to the Board at the next HRA meeting.
Szurek asked what happens to the 15 homes that were deleted from the scattered site TIF district
under number 10 in the Housing Update. Fehst explained because no improvements were made
to the homes in the allotted timeframe, they wouM stay in the district and get a new assessment.
ADJOURNMENT
President, Ruettimann, adjoumed the meeting at 8:25 p.m.
Respectfully submitted,
Cheryl Bakken
Recording Secretary
H:\EDAminutes2002\7-16-2002
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Meeting of: August 20, 2002
AGENDA SECTION: Consent Agenda ORIGINATING EXECUTIVE
NO: DEPARTMENT: EDA DIRECTOR
APPROVAL
ITEM: Financial Report and Payment of Bills BY: Bob Streetar BY:
DATE: August 12, 2002
BACKGROUND:
The bound Financial Report for July 1, 2002 Check Listing (green sheets), and draft Resolution 2002-11
are attached for review. The enclosed Financial Report lists the Revenue Guideline (pink sheets), the
Expenditure Guideline (yellow sheets), Expenditure Guideline with Detail (white sheets), and Balance
Sheet (blue sheets), for each fund and department. The report covers the activity in the calendar (fiscal)
year from January 1 through July 31, 2002.
The Check History shows each fund with an expenditure history during the month of July, 2002. The
total disbursements by fund are shown at the top of the listing.
RECOMMENDATION:
Staff will be available to answer specific questions. If the report is satisfactorily complete, we
recommend the Board take affirmative action to receive the Financial Report and approve the payment
of bills.
RECOMMENDED MOTION:
Move to approve Resolution 2002-11, Resolution of the Columbia Heights Economic Development
Authority (EDA) approving the Financial Statement for July, 2002 and Payment of Bills for the month
of July, 2002.
EDA ACTION:
H: \Consent 2 0 0 2 \JulyFinRep2 0 0 2
EDA RESOLUTION 2002-11
RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT
AUTHORITY (EDA) APPROVING THE FINANCIAL STATEMENT FOR JULY, 2002
AND PAYMENT OF BILLS FOR THE MONTH OF JULY, 2002.
WHEREAS, the Columbia Heights Economic Development Authority (EDA) is required by
Minnesota Statutes Section 469.096, Subd. 9, to prepare a detailed financial statement which
shows all receipts and disbursements, their nature, the money on hand, the purposes to which the
money on hand is to be applied, the EDA's credits and assets and its outstanding liabilities; and
WHEREAS, said Statute also requires the EDA to examine the statement and treasurer's
vouchers or bills and if correct, to approve them by resolution and enter the resolution in its
records; and
WHEREAS, the financial statement for the month of July, 2002 and the list of bills for the
month of July, 2002 are attached hereto and made a part of this resolution; and
WHEREAS, the EDA has examined the financial statement and the list of bills and finds them
to be acceptable as to both form and accuracy.
NOW,THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia
Heights Economic Development Authority that it has examined the attached financial statements
and list of bills, which are attached hereto and made a part hereof, and they are found to be
con'ect, as to form and content; and
BE IT FURTHER RESOLVED the financial statements are acknowledged and received and
the list of bills as presented in writing are approved for payment out of proper funds; and
BE IT FURTHER RESOLVED this resolution and attachments are to be made a part of the
permanent records of the Columbia Heights Economic Development Authority.
Passed this __ day of ,2002.
MOTION BY:
SECONDED BY:
AYES:
NAYS:
Robert Ruettimann, President
Attest by:
Cheryl Bakken, Secretary
H:\Resolufions2002k2002-11
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Meeting of: August 20, 2002
AGENDA SECTION: Items for Consideration ORIGINATING EXECUTIVE
NO: 1 DEPARTMENT: DIRECTOR
Community Development APPROVAL
ITEM: Adopt Resolution 2002-12, BY: Robert Streetar BY:
Recommending Setting the EDA 2003 DATE: August 14, 2002
Local Levy
BACKGROUND: The EDA must recommend to the City Council a preliminary levy for year
2003. This must be completed in time for the City Council to certify a preliminary levy to Anoka
County by September 15.
Staffrecommends the EDA recommend to the City Council a preliminary levy of $140,569 for year
2003. This is $3,554 or 2.6% higher than the 2002 levy of$137,015. This is the maximum the EDA
may levy under State Statute.
At the September 17 EDA meeting, staffwill present Commissioners with the 2003 budget and levy
for review and final recommendation to the City Council. At this meeting, the EDA has the option
of reducing the levy but may not increase the levy.
On December 2, the City Council will grant final approval of the EDA budget and levy.
Please find attached a draft resolution for review and approval.
RECOMMENDATION: Staff recommends Adoption of EDA Resolution 2002-12, being a
Resolution of the Columbia Heights EDA recommending the preliminary EDA levy.
RECOMMENDED MOTION: Move to adopt EDA Resolution 2002-12, being a Resolution of the
Columbia Heights EDA recommending the preliminary EDA levy.
EDA ACTION:
h:\consent Form2002\EDA Levy
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
EDA RESOLUTION 2002-12
RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT
AUTHORITY (EDA) RECOMMENDING SETTING THE EDA LOCAL LEVY.
NOW, THEREFORE BE IT RESOLVED BY THE COLUMBIA HEIGHTS EDA
FOR THE CITY OF COLUMBIA HEIGHTS, MINNESOTA: That the following is hereby
adopted by the Columbia Heights Economic Development Authority.
Section A. The following sum of money is recommended to be levied for the current year,
collectable in 2003 upon the taxable property in said City of Columbia Heights, for the following
purposes:
Recommended EDA Levy
$140,569
The Executive Director is hereby instructed to transmit a copy of this resolution to the City
Manager and Finance Director/City Clerk of the City of Columbia Heights, Minnesota.
APPROVED THIS
MOTION BY:
SECONDED BY:
ROLL CALL: AYES:
NAYS:
__DAY OF ,2002.
Robert W. Ruettimann, President
Attested By:
Walter R. Fehst, Executive Director
H: \Resolutions \EDA2002-12EDA Levy
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Meeting of: August 20, 2002
AGENDA SECTION: Items for Consideration ORIGINATING EXECUTIVE
NO: DEPARTMENT: DIRECTOR
Community Development APPROVAL
ITEM: Tax Increment Financing Status Report BY: Robert Streetar BY:
DATE: August 14, 2002
BACKGROUND: This memorandum provides a summary review of the City's tax increment £mancing (TIF) districts.
The purpose of this summary is to review the adequacy of current revenues to pay the debt service on debt issued and
pay-as-you-go obligations.
The City has eight TIF districts. They are the:
District Name Begin End District Type
A3 Central Business District (CBD) Revitalization 1977 2009 Pre - 1979
C7 Modified CBD Revitalization 1977 2009 Redevelopment
C8 University Avenue 1984 2010 Redevelopment
K2 Multi Plan Cargill 1989 2019 Redevelopment
N7 Medtronic 1990 2006 Economic Development
M8 Sheffield 1995 2021 Redevelopment
P3/P4 Scattered-Site Housing 1997 2022 Redevelopment
R8 Crest View 2000 2027 Redevelopment
Districts A3, C7, C8, K2- The tax increment revenues collected from districts A3, C7, C8 and K2 are pooled into one fund
and are pledged to pay off obligations that include bonds issued in 1990 and 1991, and a City interfund loan.
Because of legislative reductions in property tax class rates, the amount of tax increment collected in these districts has
decreased. These property tax class rate reductions were implemented by the State Legislature to provide property tax relief to
commercial and industrial properties. The decrease in tax increment collected has resulted in a deficit, meaning the tax
increment collected is not enough to pay the obligations annually. The City is responsible for covering this deficit.
For year 2002, there is deficit of approximately $400,000. Deficits are anticipated for years 2003 through 2008, assuming no
change in current property tax law. Deficits are expected to range from $123,000 to $199,000 annually. Beginning in 2009
the pool is expected to generate a surplus.
In 2000, the City received a $300,000 grant from the State to cover a tax increment deficit that occurred in 1999. While the
State Legislature has not appropriated new funds for this grant program, there remains 1.6 million of grant money from past
appropriations that the City may qualify for to reduce the current deficit. The Community Development and Finance Directors
are working with Ehlers and Associates, Inc. to research this and other options for reducing the current and future deficits.
Districts N7, M8, P3/P4, R8- The tax increment revenues collected fi.om each of these districts are meeting current
obligations. In addition, future revenues are also expected to continue to meet future obligations.
Shelley Eldridge, from Ehlers and Associates, Inc., will be present to answer Commissioner's questions.
RECOMMENDATION: Staff recommends Commissioners discuss the report.
Attachments: TIF district Maps. No Map exist for District R8, has not yet been created. TIF concepts and
mechanics.
EDA ACTION:
DAconsent 2002\EDA TIF Status Report
) City of 1977 Downtown
Columbia Heights Tax Increment
Financing District A3
~ f' . ~ ~ ~¥ ~ ' ~ .,. , .
:,'~',-
I
LEGE N D A~a L~ator
Map Description ~ ~ I~.~ ~ Sources:
Di~tfi~ Bounda~ [~~ ~~ Columbia Heights Plannin~
~is m~ illu~tmt~ th~ ~eogmph~ w ~ ColumBia Heights
Buildings ~undad~ ~the 1977 ~t~n ~[ ~ ~- ~"
~is ~ a pr~1979 dis~ wh~h was ~ ~ ~_.~ s
Right-of-Way incr~en~ generat~ from ~is d~tda ~ ~ ~ ~ ~ ~ ~ 0 ~ ~ ~ ~
shall b~ us~ w~hi~ ~a d~trict bounda~. ~ Li ~:, ~ ~ '~ ~ /I H:~ ~ ~
(i City of 1984 Expansion
Columbia Heights Downtown Tax Increment
Financing District C7
. . , , ~,~ ,
LEGE N D Ama L~ator
~~ Columbia Heights Planning
~ 19~ Di~dct Bounda~ ~'~ ~ ~ " Columbia Heights GIS
~ Buildings ~is map illusat~ ~ g~ph~ ~ [ J ~
~undad~ ¢ ~e 1~4 ~t~ i ~ ~
~ ~ter Features Tax ~ent Rnance D~ ~ ~ T ~-~
~ns~n which was ceded on ~ ~i ~ ~ ~ ~ ~ I
~ Right-of-~y mdeve~p~nt dbmS. _IT i,lii[i ~J ~/J/~.
;Parcels
i city of 1984 University Avenue
Columbia Heights Tax Increment Financing
District C8
LEGEND
-
.~ ~ ~ Columbia Heights ~lannin~
Project Area ~i~ map illus~ the g~mph~ .~[~ ~ ~ w
~u.d..~ ~ ~ ~s~ Un~e~ ~ ~ ~, ~ Columbia Heights GIS
Buildings Avenue~FDMr~hwas i~i~I ~ ~ ~ Anoka County GIS
~ter Features ce~ on ~pt~r 12, 1~3. - ~ "' s
Parcels
( city of 1989 Multi-Use Redevelopment
Columbia Heights Plan (M.U.R.P) Tax Increment
Financing District K2
.... -- ~ ~ ~~ ~r-
~~ L_ ~-- -' ~'-~-t ' -~,~
LEGEND k~a Localor x 8ources:
~~ ~ ~ Columbia Heights Planning
TIF District Bounda~ Map Dcsc~paon ~ ~ Columbia Heights GIS
Buildings ~is map illust~t~ ~e g~ph~ Anoka County GIS
~ter Features ,u~aH. ~ ~e 1989 M.U.R.P. ~J.~.~,
Pa~s ~ptem~r 28, 1~. ~b is a ~
J__.~ City of
Columbia Heights
53rd Avenue
Tax Increment Financing
District N7
LEGEND
~-] TIF District Boundary
~ Buildings
~-~ Water Features
~ Parks
;__ Right-of-Way
Parcels
Area Locator
Map Description
This map illustrates the geographic
boundaries of the 53rd Avenue T[F
District which was certified on
February 28, 1996. This is an
economic development district.
Sources:
Columbia Heights Planning
Columbia Heights GIS
Anoka County GIS
CDCity of
Columbia Heights
Sheffield Tax Increment
Financing District M8 and
Project Area Modification
LEGEND
-~1 TIF District Boundary
~ Project Area Boundary
I Buildings
~ Water Features
~ Parks
__! Right-of-Way
! Parcels
Area Locator
Map Description
This map illustrates the geographic
boundaries of the Sheffield Tax
Increment Financing District in
relaUon to its project area. This is a
redevelopment distdct which was
certified on .June l, 1995.
N Sources:
Columbia Heights Planning
~ Columbia Heights GIS
Anoka County GIS
s
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CITY OF ST. AN'I'tlONY
CITY OF NEW BRIGHTON
Tax Increment Financing (TIF) in Minnesota
Concepts and Mechanics
January 1999
Presented to:
the City of Columbia Heights, Minnesota
and
the Columbia Heights Economic Development Authority
Wisconsin Offices:
16655 West Bluemound Road
Suite 290
Brookfield, WI 53005-5935
(414) 782-8222
501 Nicolet Road
Appleton, WI 54915
Minneapolis Office:
88 South Sixth Street, Suite 900
Minneapolis, MN 55402-1800
(612) 333-9177
Washington Office:
1850 K Street NW
SuRe 215
Washington, D.C. 20006-2200
(202) 466-3344
Home Office:
85 East Seventh Place
SuRe 100
St. Paul, MN 55101-2887
(651) 223-3000
Iowa Office:
100 Court Avenue, Suite 204
Des Moines, IA 50309-2200
(515) 244-1358
Kansas Office:
7211 West 98t" Terrace
SuRe 100
Overland Park, KS 66212-2257
(913) 345-8062
Introduction
Tax Increment Financing (TIF) uses the increased property taxes
generated by new real estate development within a tax increment
financing distdct to pay for certain eligible costs associated with the
development. The value that is "captured" (i.e., the increase in
value over the year the TIF district was established) generates
property taxes. These "incremental" taxes go to the development
authority or the city authority rather than to the city, county, school
district, or other taxing jurisdictions that normally share in the total
property tax bill. The captured taxes are used to subsidize eligible
project costs such as land acquisition, demolition, public and site
improvements, and related consulting and administrative costs.
The value of the property pdor to development (i.e., the "non-
captured" portion) continues to generate property taxes which are
distributed to all appropriate taxing jurisdictions.
The justification for use of TIF rests solely with the~But For" test. A
simple way to express this test is that the development or
redevelopment would not occur without a tax increment subsidy.
Critics of TIF often point to the "But For" test as the weakness in
the actual use of TIF. Such critics often claim that the development
would have occurred anyway, and local officials are not rigorously
applying this test. The net result in such cases is an over use of tax
increment financing at the expense of the tax base of the county,
school district, and other taxing jurisdictions. While there have
been limited abuses, this financing tool has helped to reshape and
revitalize many communities. In addition to assisting core
development and redevelopment, residual growth outside of the
established TIF districts provides a direct benefit to all taxing
jurisdictions.
In response to the potential misuse of tax increment financing, each
year the State Legislature further refines the use of this financing
tool. Each amendment to the statutes has, in recent years,
resulted in a more complicated and restrictive financing vehicle.
The purpose of this document is to outline the basic concepts and
mechanics of using tax increment financing within the statutory
guidelines and parameters. This report outlines the participants
involved in TIF, mechanics, documents, process, a discussion of
benefits and costs, and policy questions associated with the use of
TIF.
[] SPRINGSTED Page 1
Tax Increment Financing in Minnesota
The material included in this report is intended to be used as an
informational guideline for the use of TIF. The complete Tax
Increment Financing Act can be found in Minnesota Statutes,
Section 469.174 - 469.179.
Spdngsted Incorporated has a proven track record in working with
communities in the use of tax increment financing as an economic
development and redevelopment tool. Please feel free to contact
us if you need further information or would like to discuss in more
detail the concepts contained in the following materials.
Page 2
[] SPRINGSTED
: ' Participants Section A
, /
Participants
Elected Officials
Advisory Commissions
City Staff
Fiscal Consultant:
Springsted Incorporated
Bond Counsel
Landowner or Developer
Attorney
Other Governmental Jurisdictions
County
School District
Other Taxing Jurisdictions
Federal Government
State Government
Metropolitan Council, etc.
County
Other Municipalities
Bordering Project Area
[] SPRINGSTED Page A-1
The Mechanics Section B
Project Area (i.e., Development District) and
Tax Increment Financing (TIF) District
A. Financial difference between the two
Project Area:
TIF District:
Area in which TIF funds can be spent
(with certain restrictions).
Area from which TIF funds are generated.
B. Geographical difference between the two
Can be the same
TIF District
Project Area is larger than the TIF Distdct
TIF
Dis~ct
#1
[] SPRINGSTED Page B-1
Tax/ncrernent Financing in Minnesota
Types of Tax Increment Financing Districts
A. RedevelOpment Distdct
Generally a blighted area containing substandard
buildings, sometimes having inadequate streets and
incompatible land uses.
Requires documentation to evaluate occupied land area
and estimated costs of rehabilitation versus new
construction.
Maximum duration of TIF distdct is 25 years from
receipt of the first tax increment.
Bo
Renewal and Renovation Distdct
Blight and obsolescence tests must be met, which are
slightly less restrictive than for redevelopment TIF
districts.
Maximum duration of TIF distdct is 15 years from
receipt of the first tax increment.
Co
Housing Distdct
Provides housing opportunities for persons and families
of Iow to moderate income.
Maximum duration of TIF distdct is 25 years from
receipt of the first tax incr~:p~eWtc'
Soils
Condition District
Where there exists the presence of hazardous
substances, pollution or contaminants requiring removal
or remedial action. Such costs must exceed the fair
market value of the land.
Maximum duration of the TIF distdct is 20 years from
receipt of the first tax increment.
Page B-2
[] SPRINGSTED
Tax Increment Financing in Minnesota
Eo
Economic Development Distdct
Does not meet the cdteria for any of the other types of
TIF districts.
May be used only for manufacturing, production,
processing, warehousing, storage, distribution
(excluding retail sales), research and development,
telemarketing, tourism facilities (in certain cases),
qualified border retail facilities, and small city
commercial facilities.
Prohibits establishment if more than 15% of the ~quare
footage of such facilities are used for other purposes.
The allowable percentage of nonqualifying square
footage can be increased when such uses are directly
related to or in support of the qualifying activity.
Must demonstrate retention of local business, increased
employment and enhancement of the state tax base.
Maximum duration of TIF district is 11 years from
approval of the TIF plan or 9 years from receipt of the
first tax increment, whichever is less.
Other TIF Districts
Includes qualified housing, mined underground space
development and hazardous substance subdistdct.
[] SPRINGS'rED Page B-3
Tax Increment Financing in Minnesota
Examples of TIF Eligible Project Costs
Public improvements for street, sewer, water, etc.
Land acquisition
Soil correction
Site preparation/demolition
Relocation
Financing fees and capitalized interest
Administrative costs up to 10% of the tax increment
Taxable Versus Tax-Exempt
Taxable Status If Satisfy Two Federally Imposed Tests
A. "Private Business Use Test"- Are more than 10% of the
expenditures made for a private purpose?
:> Types of expenditures for improvements available to
every resident:
· Streets, sewer, water, etc.,
Types of expenditures benefiting private parties, such
as landowners/developers:
· Land acquisition, soil corrections, site preparation,
etc.
Bo
"Private Security Interest Test"- Are more than 10% of the
payments of taxes and/or debt service guaranteed by the
landowner/developer?
A contract or guarantee requiring the
landowner/developer to make tax payments and/or fund
debt service shortfalls.
Assessment agreements tdgger the private security
interest test.
Page B-4
[] SPRINGSTED
Tax Increment Financing in Minnesota
The Increment
A. Prior to forming the TIF distdct
"Estimated Market Value" of properties in the proposed
TIF distdct
Estimated
Market
Value
Translated into "Net Tax Capacity" through statutory
classifications
Estimated
Market
Value
Net
Tax
Capacity
"Net Tax Capacity" times "Tax Capacity Rate" equals
property taxes
Net
Tax
Capacity
Tax
X Capacity =
Rate
Property
Taxes
- County
- School District
- Other
When a TIF distdct is established
The "Net Tax Capacity" is given the term' "Original Net
Tax Capacity (ONTC)."
Property taxes generated by the ONTC of the TIF
distdct continue to go to each individual taxing
jud{diction.. L
[] SPRINGSTED Page B-5
Tax Increment Financing in Minnesota
New development occurs within the TIF distdct
New market value is added to the existing estimated
market value.
Total Total Net Total
Estimated Tax Property
Market Value Capacity Taxes
Increase in
Estimated
Market
Value
Original
Estimated
Market
Value
(OMV)
Increase in
(Captured)
Net Tax
Capacity
Original
Net
Tax
Capacity
(ONTC)
Tax
X Capacity =
Rate
Tax
Increment
Revenue
Taxes
to Other
Taxing
Jurisdiction
Do
Tax increment revenue generated by the increase in Net Tax
Capacity.
Increment received over the duration of the TIF district.
Property
Taxes
I I
Time (Years)
Tax Increment Revenue
Taxes to Other Taxing Jurisdictions
Page B-6
[] SPRINGSTED
Tax/ncrement Financing in Minnesota
Financing of Project Costs
In many cases, the City is required to fund project costs
pdor to development occurring.
City issues general obligation tax increment bonds to
finance the project costs. The possibility exists for non-
general obligation revenue bonds to be issued.
City receives tax increment revenues over a period of
years and uses them to pay debt service on the bonds.
Tax increment bonds may be repaid with:
· Tax increment revenues.
Otherpledgedrevenues.
General obligations: potential City-wide property
tax levy. This situation can be dealt with through
security guarantees by the landowner,
Financial limits on the City's ability to fund project costs
dictated by the amount and duration of the tax
increment revenues available.
In some cases the developer will pay all costs upfront
and be reimbursed for eligible project costs over a
period of time. This is gengrally referred to as
"pay-as-you-go."
· Reimburseme'n;[s a~e ~ade from<tax increment
revenues.
This process significantly reduces City liability .and
risk.
If development does not occur or does not reach
the levels forecasted, increment is reduced and
less funds are available for reimbursement.
[] SPRINGSTED
Page B-7
· ' Tax Increment Financing in Minnesota
Pooling
Tax .increment revenues may be spent outside of the
TIF District but within the boundaries of the Project
Area, subject to certain restrictions.
For new redevelopment TIF districts (certified after
June 30, 1995) the minimum in-district percentage is
75%. The maximum pooling percentage is 25%.
For all other new TIF districts (certified after June 30,
1995) the minimum in-district percentage is 80%. The
maximum pooling percentage is 20%.
All administrative costs are considered expended
outside of the TIF district.
Pooled increment revenue must still be spent on TIF
· eligible project costs.
Considerations of LGA/HACA
Effective for TIF districts approved after April 30, 1990,
the City may experience a reduction in its Local
Governmental Aid (LGA) and/or Homestead Agricultural
Credit Aid (HACA).
The hypothetical aid to the school distdct is computed
as if the new TIF value was included in the school
district tax base. The difference between the actual aid
and the hypothetical aid will result in a reduction in aid
to the City. This reduction is applied first to LGA and
then, if necessary, to the City's HACA.
Depending on the type of TIF district, the reduction may
be phased. This is an annual reduction and the State
Departments of Revenue and Children, Families and
Learning will make these calculations.
Page B-8
[] SPRINGSTED
Tax Increment Financing in Minnesota
PERCENT OF CAPTURED NET TAX CAPACITY THAT IS "QUALIFYING"
Years from Economic Renewal and
Assessment Development Renovation All Other
Year of ONTC Distdct Distdct Districts
1 100.00% 0.00 0.00
2 100.00 0.00 0.00
3 100.00 0.00 0.00
4 100.00 0.00 0.00
5 100.00 o fl0 ~(~
~ 100.00 i~ .6.25
? 100.00 25.00 12.50
8 100.00 37.50 18.75
9 100.00 50.00 25.00
10 100.00 62.50 31.25
11 100.00 75.00 37.50
12 100.00 87.50 43.75
13 - 100.00 50.00
14 - 100.00 56.25
15 - 100.00 62.50
16 - 100.00 68.75
17 - 100.00 75.00
18 - 100.00 81.25
19 - 100.00 87.50
20 - 100.00 93.75
- 21 and Over - 100.00 100.00
Qualified housing TIF districts and certain ethanol
production facilities are exempt from the loss of aid.
A TIF district may also be exempt from the loss of aid if
the City elects, at the time of approving the TIF plan, to
make qualifying local contributions. Such contributions
must be made from unrestricted funds and may not be
made with tax increments or developer payments.
Qualifying local contributions (% of gross increment):
· 10% for economic development, housing and
renewal and renovation TIF districts.
· 5% for redevelopment, soils condition and mined
underground TIF districts and hazardous
substance subdistdcts.
[] SPRINGSTED
Page B-9
The Documents Section C
Development District Program
This document (or equivalent document, i.e.
Redevelapmeat PI.an) ~-.~tablishes overall guidelines for
the ~0ject a.__rea boundane~ ,and the type and levei~of
improvements-'t-O-b-e-constru~cted or acquired.
This document does not establish the TIF district.
Fax Increment Financing Plan
This document establishes the boundaries of the TIF
district, the expenditures and financing limitations, and
starts the process for collection of tax increment
revenue by the City.
The Development District Program and the Tax
Increment Financing Plan can be drafted either
concurrently or the Development Distdct Program can
be drafted first and the TIF Plan later on.
Development Agreement
Ao
This document is a contract between the City and the
landowner, stipulating the obligations of each party. The
Development Agreement usually requires the landowner to:
Construct a development within a certain time frame
with a specified minimum size and market value.
Provide guarantees ensudng the timely completion of
the development, and may require prompt payment of
property taxes and debt service shortfalls.
The Development Agreement may require the City to
construct public improvements and/or purchase land
associated with the new development according to an
agreed upon schedule using the expected tax
increment revenue.
Bo
Terms of this agreement may well dictate if bonds are tax-
exempt or taxable.
Many cities currently require a Development Agreement on all
new developments.
[] SPRINGS l'l:D Page C-1
" Secti°n D
Process for Establi. hment
In order to establish a TIF district, a specific process must be
followed including the following.
Ao
At the outset, a Development Distdct Program (or equivalent
document) must be prepared. This sets forth the general
goals for development or redevelopment in the project area.
"a.
A Tax Increment Financing Plan must be prepared. This sets
forth the specific project(s) to be undertaken, costs involved,
revenues projected and is the guiding document for the
proposed project.
Co
A public headng on the TIF Plan and distdct must be
conducted. Notification of the public headng must be
published 10-30 days prior to the hearing.
Do
A TIF district "fiscal and economic impact" letter must be
received by the county and school distdct at least 30 days
pdor to the public headng. For housing and redevelopment
TIF districts a notification letter to the county commissioner
must also be received at least 30 days pdor to publication of
the public headng.
The City planning commission must review the TIF Plan and
Development Program pdor to City approval.
At the public headng, all interested parties are invited to
express their opinion(s).
Subsequent to the public headng, the City must approve or
reject the TIF Plan and district.
Upon approval, the City must request county certification of
the TIF distdct which will begin the tax increment collection
process. Selected information must also be filed with the
State Department of Revenue.
Actual project expenditures may not be made until the TIF
Plan is approved and adopted.
[] SPRINGSTED Page D-1
·. Benefits and Costs SectiOn E
City's Perspective
A. Benefits
TIF allows City to realize new development which would
not otherwise occur without the use of TIF (the "But
For" test).
City can realize broader economic gains of new
development in terms of employment, tax base
enhancement and secondary spin-off effects.
City can facilitate the construction of related public
improvements it wishes to achieve by coordinating a
TIF project with more general public improvement
projects.
City may have better control over the nature of the
development.
City may be able to fund a, dministr_~e and/or
community development costs with revenue from the
TIF distdct.
In some cases the quality of new development is
enhanced by TIF financing. , ~
Bo
Costs
The City may ,assume th__e 'sdA~that property taxes might
not be paid and/or changes in property tax laws or
funding of local governments might cause tax
increments to fall short of scheduled debt service
payments. City may pledge to use other funds or
general property tax levies to pay debt service.
(Development Agreement guarantees.)
City and other overlapping taxing jurisdictions (county,
school district, etc.) must wait until TIF district is
terminated until the new development becomes part of
the general tax base.
Depending on the magnitude and strategy for
addressing fiscal disparities contribution on commercial
properties, there can be an internal shift in property tax
[] SPRINGSTED Page E-1
Tax/ncrement Financing in Minnesota
burdens (for communities in the Twin Cities
Metropolitan Area only).
City may lose some of its LGA/HACA for all or a portion
of the duration of the TIF district. This has a direct
impact on the general fund of the City.
Landowner(s) Perspective
A. Benefits
Development can proceed because TIF provides a
funding source for public improvements where no other
viable funding source exists.
Without TIF the landowner absorbs the development
costs of either:
Special assessments for public improvements,
and/or
Hard costs of land acquisition and site
preparation.
With TIF these costs are funded in whole or in part by
increment revenues and the landowner pays only his
property taxes, which are the same whether TIF exists
or not.
Costs
Usually a slightly extended development period
required for the TIF process.
Usually landowner provides financial guarantees to City
securing taxes and debt service on TIF bonds (if
applicable).
Greater City monitoring of scope, quality and timing of
new development.
Page E-2 [] SPRINGSTED
.. Policy Questions Section F
"But For" Test
In order for the City to create a TIF distdct it must make
a finding that the new development would not occur
"But For" the use of tax increment financing.
The cdtics of TIF state that the development would
occur anyway and the City is simply giving funds to a
private party.
Counties and school districts ar~e particularly interested
in this finding becaUs~tney~,~iil not realize any
enhancement to their general tax base until after the
TIF district is terminated (up to 25 years).
LGA/HACA - Local Contribution
The. C~i~ must determi_ne if it is willing to invest a portion
of its own funds in the project based on estimated loss
of LGA/HACA and/or local contributions required.
Project Area
The project area, the parcels upon which TIF funds can be spent,
can be the same as or greater than the TIF district.
Does the City intend to use TIF funds beyond the
parcels from which TIF revenue will 'be generated?
Does the City envision numerous TIF districts created
over time within a single project area?
Does the City have other improvement projects in other
adjoining areas for which funding can be augmented
with TIF?
Does the scope of the improvement project benefit two
or more TIF districts?
[] SPRINGSTED
Page F-1
-' ,~, Tax Increment Financing in Minnesota
Level of Assistance
A. HOW much funding does the City wish to commit to the
project?
Demonstration by pdvate parties of need for level of TIF
assistance requested.
Bo
Mandatory imposed limitations
> Statutory duration of the TIF district
)' Tax capacity rate ceilings
Discretionary imposed limitations
;> Term of TIF distdct shorter than maximum permitted
Nature of expenditures
Do they lead to taxability and therefore higher
interest rates yielding lower net bond proceeds?
Pace of development
· How soon will development occur?.
Fiscal disparities option on commercial-industrial
developments in the Twin Cities Metropolitan Area and
Taconite Relief Area.
Page F-2
[] SPRINGSTED
Tax Increment Financing in Minnesota
Fiscal Disparities
State law requires new commercial-industrial properties
in the Twin Cities Metropolitan Area and Taconite Relief
Area to contribute up to 40% of their valuation to an
area wide pool for distribution back to all local taxing
judsdictions.
For TIF districts with new commercial-industrial
development, the City must decide whether the fiscal
disparities contribution will be made from valuation
within the TIF distdct or from commercial-industrial
properties located within the City but outside of the TIF
district.
New economic development TIF Districts must have
fiscal disparity contribution made from within the TIF
District (no option).
How does this affect the TIF distdct and related
increment revenue?
TIF District Net Tax Capacity
Without/With Fiscal Disparities ~Contribution
Without With
(Option A) (Option B)
Captured
Net Tax
Capacity
(ONTC)
Captured
Net Tax
Capacity
(~ 60%)
Fiscal
Disparities
Contribution
(El 40%)
(ONTC)
[] SPRINGSTED
Page F-3
Tax Increment Financing in Minnesota
Over the life of the TIF district.
Net Tax
Capacity
Without Fiscal Disparities Contribution
(Option A)
Captured Net Tax Capacity
Original Net Tax Capacity
I I I I I I I I
Time (Years) >
Net Tax
Capacity
With Fiscal Disparities Contribution
(Option B)
Captured Net Tax Capacity
Fiscal Disparities Contribution
Origin. a] Net Tax Capacity
I I I I I I I I I I
Time (Years) ~
Page F-4
[] SPRINGSTED
Tax/ncrement Financing in Minnesota
Pdmary Impacts
If the fiscal disparities contribution comes from the TIF district, less
increment revenue results, which restricts the level of funding for
the project.
If the fiscal disparities contribution comes from outside the TIF
district, the converse is true, that being an increase in the level of
funding.
Secondary Impacts
With the fiscal disparities contribution being made from outside the
TIF district, the amount of the contribution must come from other
commercial-industrial properties within the City. .-
The potential exists for City tax rate increases dependent on
the relative magnitude of the new development to the City's
total tax capacity. With the fiscal disparities contribution
coming from outside of the TIF district, the City's total gross
tax capacity is reduced by both the TIF captured tax capacity
and the fiscal disparities contribution. This can lead to a
potentially higher City tax rate.
[] SPRINGSTED
Page F-5
., " Tax Increment Financing in Minnesota
City Security Guarantees
A. USually when TIF bonds are sold they are general obligation
bonds. General obligation TIF bonds require that if increment
revenue is not sufficient to pay debt service at any time over
the life of the bonds, then the City is ultimately required to
levy City-wide property taxes to repay the bonds.
Bo
How can this occur?.
NeW development is constructed over a longer time
frame and/or to a lesser market value than was
represented to the City at the time of approval;
Property owners don't pay their taxes on time;
Property owners pay taxes on time, but with decreases
in tax capacity rates caused by changes in the funding
of local governments or tax structure changes, actual
property tax payments are less than scheduled debt
service.
How does the City protect itself?
Assessment agreement stipulating the market value of
new development and schedule of completion.
Withholding bond proceeds or delaying construction of
public improvement until all or a portion of new
development is completed.
Liquidity guarantees (letters of credit) provided by
property owners ensuring timely payment of property
taxes.
Liquidity guarantees (letters of credit) provided by
property owners covering debt service shortfalls
regardless if taxes are paid on time.
Pay-as-you-go: No debt is issued. The landowner
finances his own improvements and is reimbursed over
time by the City from the actual collection of increment
revenue.
The type of guarantees depends on the level of dsk the City
perceives itself to be exposed to.
Page F-6
[] SPRINGSTED
Tax Increment Financing in Minnesota
City Administrative Costs
The establishment of a TIF distdct and the negotiation of a
thorough Development Agreement requires substantial time
commitments by City staff and its consultants. A large portion of
that time is expended pdor to the signing of the Developer
Agreement and before actual construction of the new development.
Furthermore, additional City staff time is needed to monitor and
report on the performance of the TIF distdct over its life. The
legislature has anticipated these City costs b~.a
-reimbursementfor administrative costs~l=r'h'i~ reimbursemeni is
limited to the lesser of 10% of project costs or 10% of increment
revenue, and is intended to cover all staff and consultant costs
other than engineering.
The City should consider two relevant policy questions,
Does the City wish to receive a guarantee of its costs from
the landowner for the period from inception of the TIF process
until signing of the Development Agreement? This guarantee
covers the situation whereby the project terminates dudng the
negotiation phase.
What is the appropriate level of administrative cost
reimbursement?
[] SPRINGSTED Page F-7
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Meeting of: August 20, 2002
AGENDA SECTION: Items for Consideration ORIGINATING EXECUTIVE
NO: 3 DEPARTMENT: DIRECTOR
Community Development APPROVAL
ITEM: Municipal State Aid For Redevelopment BY: Robert Streetar BY:
DATE: August 14, 2002
BACKGROUND:
At the July 16, 2002 EDA meeting Commissioners requested a map showing the relationship
between potential City redevelopment opportunities and the roads for which the City receives
Municipal State Aid (MSA). The thought was MSA funds could pay for some of the costs related to
redevelopment. Please find attached a map showing three redevelopment opportunities and their
relationship to MSA roads. The redevelopment opportunities, colored in orange, include:
The Industrial Site
39th and Central (Mady's)
37th and Central
According to Kevin Hansen, Public Works Director, the City's 2002 allotment was $563,167. This
amount included $140,904 for maintenance and $422,713 for construction. The $140,904 the City
received funds the Public Works State Aid Maintenance budget for routine road maintenance.
Construction funds for years 2003 and 2004 have been encumbered for the Central Avenue project; so
the earliest MSA funds would be available to assist redevelopment would be 2005.
MSA funds are available for approved MSA projects and fund only eligible items, such as roadway
work, right-of-way necessary for roadway work and to a limited extent landscaping within the right-
of-way. State Aid does not fund items identified as local responsibilities such as sewer, water,
streetscaping or other non-roadway related items.
RECOMMENDATION:
Staff recommends Commissioner discuss the information.
EDA ACTION:
h:\consent Form2002\EDA Municipal State Aid Consent Ltr
PARKVIEW VILLA RESIDENT COUNCIL MEETING MINUTES AUGUST 12, 2002
The meeting was called to order at 7:00 p.m.
Anita gave her Management Report: · Due to a lack of interest the floor checking program will end on August 15, 2002. Anita
thanked Sharon Shander for making all of the checking plates and stated that Bill Gault will
remove the plates for the residents.
· Staff will no longer sign for packages delivered for residents due to a recent instance where
staff signed for a package and the resident never received the package.
· Anita passed out copies of furniture that was recommended to purchase for the lobby.
· Work will begin to correct the sidewalk in the middle entrance next month.
· Bids will be going out soon for the replacement of the roof areas. Anita will keep residents
informed as to when the actual repairs will be done.
· Anita continues to train William on administrative duties and did not have a definite date of
when she will be moving to the new Crest View building.
· She reminded residents to fill out their HUD survey and return it as soon as possible.
· The picnic is August 22nd.
Leo Mullenmaster gave the Secretaries Report. Jackie Osvak gave the Treasurers Report.
John Super gave the welcome report and indicated no new residents have moved in.
Muriel McClellan gave the sunshine report in Betty Sheldon's absence.
Dorothy Keller gave the recycling card report. This will be the last report from the card recycling
group as it has been discontinued. The last money of $200.00 was given to Northstar School and
Putnam School which each received $100.00 for the purchase of supplies. Also Dorothy mentioned
that there are still cookbooks available for purchase.
Bill Cross mentioned that those who would like to donate supplies to the schools should bring the
items to the next resident council meeting.
Renie Sufka the chair for the Bazaar request the resident council okay the purchase of new cash
boxes for the bazaar. Approval was granted for the purchase of 8 new cash boxes not to exceed
$125.00. Anita will have a craft meeting Friday, August 16th at 2pm a noticed has been posted.
The $5.00 drawings went to Ruth Hilsted, Anne Berzak and Helen Luberacki.
MOTION by Joe Kraus, second by Helen Myre, to adjourn at 7:45 p.m. All ayes. Motion
Carried.
Respectfully Submitted,
Leo Mollenmaster
Resident Council Secretary 2002
Parkview Villa Housing Complex
965 N.E. 40* Avenue, Columbia Heights, MN 55421
DATE:
August 12, 2002
(763) 706-3800 Fax (763)788-3978
iAUG 13 200
TO:
Bob Streetar; Community Development Director
Shirley Barnes; Chief Executive Officer; Crest View Corporation
Commissioners; Columbia Heights HRA
Board of Directors; Crest View
FROM:
Anita Kottsick, Housing Adminstrator
July/August Management Report for Parkview Villa & 4607 Tyler
PHYSICAL PLANT:
The outer front entry door was adjusted to allow those in wheelchairs enough time to pass through
safely.
The sidewalk leading to the middle entrance door is scheduled for repair in September.
Two modules within the buildings fire monitoring equipment have to be replaced due to equipment
failure. Periodically, these modules need to be replaced. This is not due to a power surge I am happy
to report.
The air conditioning units within Community Room B required service this summer. All air
conditioning units serving the building common areas have been serviced with one unit replaced with a
new unit in the last year. They should not require servicing for quite a while. I would recommend
looking at replacement of the units in Community Room B if any further problems arise next year.
The garage door required servicing as one of the rollers was catching occasionally causing the door to
open back up after closing.
The condenser in the air conditioning unit in apartment # 3 at 4607 Tyler failed. Staff is looking at
prices to replace this unit with a comparable unit, as it would not be cost effect to replace just the
condenser.
A tree limb went down on the back garage roof. No damage was done to the roof. Clean up is
complete.
OCCUPANCY:
NORTH BUILDING
APT # VACANCY DATE
411 July 31st
SOUTH BUILDING
APT # VACANCY DATE
324 July 31st
NAME
Esther Linden
NAME
Yvonne Velez
*I resident needed increased services, lresident deceased
MOVE IN DATE
August 24th
MOVE IN DATE
Sept. 1st
Waiting list totals are as follows:
Parkview Villa North
24 CH Residents
31 Non-residents
4607 Tyler
3 CH Residents
6 Non-residents
Parkview Villa South
27 CH Resident
13 Non residents
MISC:
For informational purposes the Parkview Villa calendar and the Administrator's monthly update to
residents is attached.
William Jones has begun training with Anita on the software program, the billing process, and resident
re-certifications.
Equal Housing Opportunity Agency
EQUAL NOUEING
OPPORTUNITY
Owned by the City of Columbia Heights HRA
Managed by Crest View Management Services
PARKVIEW VILLA UPDATE
August 2002
Tin..te sure'Jli~: I can't hell'eve .'
attother mohth has passed by. I hope
this ntonth finds everyone itt good
spirits.
RESIDENT COUNCIL NEWS
The next Resident Council meeting
will be held'on Monday, August 12, at
7:00pm in Community Room B. ALL
'RESIDENTS ARE WELCOME!.
HOUSING AND
REDEVELOPMENT AUTHORITY
The next HRA meeting will be held
Tuesday, October 22, 6:30pm in
Community Room B immediately
followed by the EDA meeting. The
HRA will now have planned meetings
on a quarterly basis. All those
interested· are welcome to come.
ANNU,~L' PICNIC. '" ~'
The 3hhua115ienii: will be thO'ev.e."nir/~
of August 22."Each apartment should
have received a flyer with an RSVP.
Pleaae be sure to turn in your RSVP so
you will be eligible for a drawing and I
will know how much food to order. If
the weather is bad that day we will
move the pirty inside. It is great fun
with go0d food so I hope to see
everyone there! This party is a special
event for residents only so no guests
please!
BOAT TRIP
Don't forget August 7ta is the boat trip
on the St. Croix. The van will start
loading at 9:45. I have heard that this .
trip is a favorite!
ANNUAL BAZAAR
There will be a Bazaar meeting August
13* at lpm in Community Room B.
All those interested please attend. Also
please watch the bulletin board for craft
meetings.
NEW FURNISHINGS
At the August Resident Council
meeting I should have a
recommendation for the new furniture
that will be purchased. If you are
interested I urge you to attend the
meeting so we can get any comments''
and con'cems before the furniture il;
actually purchased.
PARKVIEW VILLA NORTH HUD
SURVEY
On an annual basis HUD send. s'.out a':
Resident Satisfaction Survey to random
households. All'North residents should
have received a flyer entitled FACTS'
ABOUT HUD's RESIDENT
SURVEY. If you have misplaced thi~
flyer I have posted a copy of the flye~:~.'
on the bulletin board for your
information. It is important that:you
compie.'te:this survey and send if'
b'acl~ fOe'HUD so they'l/,now how we
are dOing~in managing.thb buildiii~.:'
The results of this survey are.
confidential. If you have any questio.ns
please contact Anita. "
VISITOR' PARIrdNG
I w0uld'ask those who are having an
event in one of the community rooms
with several guests to pleage inform
your guest that there is a public parking
ramp across the street. Also there is
parking allowed on 40ta Ave. This will
help to ensure that there are a few spots
open for visitors that may only be here
for a short period. An example of this
would be if they are making a delivery
to an apartment and may only need to
park 5 minutes. If there is a visitor spot
open they are less likely to park in a
resident reserved spot, which I think
would make everyone's life easier.
Also please be aware of how you
approach people that may be parked in
the wrong spot. Remember most
people do not intentionally do the
wrong thing they just aren't aware of
our guidelines. So remember the
golden role and treat everyone, as you
would like to be treated yourself.