HomeMy WebLinkAboutEDA AGN 05-27-09AGENDA
COLUMBIA HEIGHTS EC4NOMIC DEVELOPMENT AUTHORITY
Wednesday, May 27, 2009
6:00 p.m., City Hall
1. Cail to Order/Roll Call at 6:OOpm on tour bus
Gary L. Peterson, President Bobby Williams
Marlaine Szurek, Vice President Bruce Nawrocki
Bruce Kelzenberg, Secretary/Treasurer Gerry Herringer
Tammera Diehm
2. Pledge of Allegiance 7:OOpm or after returning from tour - conference room 1
CONSENT AGENDA
3. Approve Minutes of April 28, 2009
Approve financial report and payment of bills for March and April FZes. 2009-16
Motions:
Move to approve consent items as listed.
BUSINESS ITEMS
~R. DiSCLiS~it3~'"i iAiit~ Dii'~~~if3ii Oii ~33i'f3~E.'~'~ii/~ iiiS~E.'~~ii3ti a~3i't3t~i'~i'i'9
5. Habitat for Humanity presentation
6. Resolution 2009-17 approving modification of University Ave Redevelopment
~~~~ ~fl~ C}~~tri~t
7. a4drnini~trative Report
8. Other Business
The next regular EDA meeting will be Tuesday, June 23, 2009 at City Hall.
5/27/09 Cit_y Commission Housin,_~ Tour
6:OOpm - Load bus at city hall
4553 5~1' Street (Anoka County purchasing with NSP money)
4108 7t'' Street (City owned)
4502 Washington (City owned)
4618 Poik Street (City owned)
^ Discussion by EDA to follow at their regular meeting
^ Inspection reports will be handed out an the bus
ECONOMIC DEVELOPMENT AUTHORITY (EDA)
MI1vUTES OF THE REGULAR MEETING
April 28, 2009
The meeting was called to order at 7:00 pn1 by President-Gary Petelson.
Members Present: Gary Peterson, Bruce Nawroclci, Marlaine Szurek, Gerry Herringer, Tanunera Diehm,
Bobby Williams, and Bruce Kelzenberg.
Staff Prescnt: Walt Fehst, Scott Clark, Sheila Cartney, and Shelley Hanson.
2. PLEDGE OF ALLEGIANCE- RECITED
3. CONSENT AGENDA
1. Approve the Minutes of March 24, 2009
1Vlotion by Szurek, seconded by Nawrocki, to approve the Minlrtes of March 24, 2009 as
pl•esented. All ayes. MOTION PASSED
2. Approve the Financial Report and Payment of Bills for March per
Resolution 20Q9-11-TABLED UNTiL THF. MAY MEETING
Clarlc explained the repol•t is being re-formatted to delete accounts that are no longei• valid which
wi11 condense the size of the re~ort aild make it more understandable. Therefore, the repo~-ts will
be stiibmitted at the next meeting f~r review.
BUSINESS 1TEMS
4. Adopt Resolution 2009-12 Approving Contract Amendment for 3~t" and Central Avenue
Sheila Cart~ley explained the private develc~per, Chris Little, is requesting an amendment to the
Development Agre~m~~~t f~~r the 37tn ~nc~ Cent,•al Av~nzie proj~ct th~.t vvo?~1~1 grant hi~n a~i~~-y~ar
extension to begin construction. Little explained that findillg tenants has been a difficult process
due to tile econol7~ic slow down, and he doesn't want to start construction Lu1ti160% of the lcase
space is committed. I~e stated he would rather wait for tenatlts that wonld I~e~lefit bot11 the City
and the development itself
Nawrocki stated that the City put a lot of money into buyiilg up properties for a portion of this
development and it is not generating any tax dollars sittin~ empty. He said maybe the City shotiild
look at Inarketing it to someone else. Clark explained that both the city's piece and the
developer's ~iece is too small to develop independently. The properties need to be combined
together to make a lnarketable site.
Herringer clarified that Mr. Little is paying taxes on the portion he owns, sa the overall impact on
the tax revenue is minimal ~t best. I~iehm stated she was willing ta wait lc~nger in order ta get a
b~tt~r mix of tenants. The aver~il consensus was to grant the extension in hopes of obtainir~g the
types of businesses that were cliscussed when the ~z•oject was first approvcd.
~oiic~n ~y i~eizenberg, seconciec[ by i-Ierringer, to waive the reading of;Kes~lliti~n ~OOr~-1_2 the_re
being ample copies avaiiable. AI1 ayes. MOTI~N ~'ASSED.
Motion by Kelzenberg, seconded by Szurek to adopt Resolution 2009-12 a~nending the
develc~pment co~ltr~ct between 37tf' and Central LLC, and the EDA dated June 24, 200&, ehartging
commEncement and completion dates. All Ayes. MOTION PASSED.
Tconomic Development Authority Miinrtes
Page 2
Apri128, 2009
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
I2ESOL[1TION NO. 2009-12
RESOLUTION APPROVING A FIRST AMENDMENT TO CONTI2ACT FOIt PRIVAT~
RED~VELOPMENT BETWEEN THE COLUMBIA HEIGHTS ECONOMIC DEVELOPIVIENT
AUTHOI2ITY AND 37t~ AND CENTRAL LLC
BE IT RESOLVED By the Board c~f Comrnissionei°s ("~3o~rd") of the Col~u~n6ia Heights Eco~~omic Devel~p~nent
Authority ("Authority") as follows:
Section 1. Recitals.
i.3i. Tt7e ~iiith~~°ii~ and 37th and ~entral Li,C (ihe "Recievetoper'"j ~ntered intc~ a Coniraci ror l~rivaie
Redevelopment dated June 24, 2008 (the "Contract"), setting forth the ternls and conditions of redevelopment of certain
properry within the Redevelopment Project, ge~ierally located west of Central ~venue at 37`~' Street.
1.02. The parties have det~ermined a need tc~ amend the Co~~tract~ t~o ~Caciliiate tl~e leasing of tl~e Minimum
Improvements by grantir~g an extension to tlie Redeveloper fol- the commencement of construetion to May 1, 2010 and
co~npletion of cc~nstruction to Janua-y l, 201 1.
1 A3. The Board has reviewed a First An~endment to the Contract and finds tl~at the executioil thereof and
perfonnance of t1~e Authority's obligations thereuncier are i~~ the best interest of the City and its residents.
Section 2. Authority A~proval; Further Proceedin~s.
2.41. Tl~e Firs± Amea~d!nent *o tl~e CQn±ract as }~resente~ to tl~e Bcard is l~e~-eb;~ i:~ al! res~ects a~~,~roved, s~ebject to
rnodificatio~7s thal do not alter the substance of the transactio~~ and that are app~-oved by the Preside»t and Executive
Director, provided that exec~~tion of the documents by such officials shall be ec~nclusive evidenee of approval.
2.02. Tl~e President and Executive Director are hereby autl~orized to execlite o~l behalf of the Authority the First
A~nendmel~t to the Cc~nt-•act and al~y documents referenced therein reql~irirtg executio~l by the ~luthority, a~nd to ca~-~y out,
~n be(laif of tl~e Authority its obligatic~ns thereunder.
Approved by the Board of Convnissioners of the Columbia 1-ieights Economic Developrnent ~Lithority this 28t1~
day of April, 2009.
Preside~it
ATTEST:
Secretary
5. TIF-Scattered Sife Housing Distric~
Clark ex~lail~ed t~~a~t if the ~3oard decides to create a~cattere~l Site TIF L7istrict ~c~ acc~uir~ and
demolish blighted pr~perties that are naw for sale within the fareclosure market, finaneing needs
to be estab1is11ed tc~ f~tnd the ~L~rehases. He ~~vetzt c~n t~ state that $~9&,020 c~f unobli~ated tax
increnl~ilt revenue can be generated fro~n the existing C8 TII' District ~hat would include the fund
balance plus incremenl receipts in 2009 ~nd 2010. This district wiIl be de-certified in 2010.
Economic Developinent Authc~r°ity Minutes
Page 3
Apri128, 2009
Based on this revenue amount, it is projected that IS to 18 homes could be purchased and.
deinolished. ~ventually these lots would be resold which would recover approxuiiately 70% to
SO% of the original acquisitioil price and tl~e tax increment would provide enough revenue to
return the original pLirchase and demolition costs.
Clarlc stated we have recently purchased hoines for between $19,900 and $39,900. These
p~•operties used to have mc~rtgages on them of $140,000. By puzchasing and demolishing thein
for future re-development, we will revitalize neighborhoods and encourage others to keep i~~p their
properties if they see averall iinprovements being lnade in the nei~hborhoc~d. He sliggested
wc~rkin~ with several builders in the firture to get a variety ot hause styles, rather than limiting
ourselves to one, or to a pal•ticular non-profit.
Twa steps would be required to m~ke this possible. I~1 order to release the existing CS fiuld
balance a TIF distriet inodifieation ~~ol~ld be needed to allow pooling and a new Scattered Site
TIF Distl-ict would need to be established to gain additional revenue. The City can start
purchasing homes prior to the creation of the C8 moditication as long as either an inter-fiind loan
agreement is made between the City a~~d the EDA, and that any home bou~ht and deinolished is
memorialized by resolution.
In addition to the C8 district funds, the A3/C7 district will be decertified this year with
approximately $ll 0,000 of redist~•ibuted fiinds that will be returned to the City. The Board needs
~c, decide wi7etl~e~° tc~ ai-s~ itlclude t~Y~se funds irii~ the Sc~tte~°ed Si~e P~°o~~a~n.
C1ark reviewed the criteria that would be followed when purchasing homes for
purchase/denlolition. He stated that all homes that colild be renovated wolild be forwarded on to
Anoka County for consideration as part of the NSP program.
Nawrocki expressed his opposition to creating such a district and using the money from the C8 or
A3/C7 districts in this capacity. He felt tl~e taxpayers would be negative;ly impacted.
Motion by Szurelc, seconded by Williams to direct staff to iinplement all necessary processes to
create a Scattered Site Housing Distriet ineluding the use of all remaining TIT District C8 funds
(fund balance and revenue derived until the ei~id of the District in 2010) as a reventiie source and
the iinmediate acquisition of propeities per the policies as stated in t1~e report dated Apri124,
2Q09. Kelz~nb~rg, I~ieh~~, Szarek, II~s-rin~~r, Williarr~s, I'zt~rs~n-Aye; Na~~rocki~Nay
MOTION PASSED.
The Board will nold off making a decision at~out the A3/C7 Distriet fund balarze~ for now.
Economic Development Authority Mii~utes
Page 4
Apri128, 2009
6. Adopt Resolution 2009-13, Approving Inter-Fund Loan to Purchase 4502 Washington St.
Staff had the opportunity to purchase 4502 Washington Street as part of the Scattered Site TIF
District Pragram that is being considered by the Board ta purchase and demolish sub-standard
properties that become available in the foreclosure process. The purchase price of the property is
$35,000, plus closing costs. Since the Scattered Site TTF District is not yet established, the City's
Capital Improvement Fund (420) would be the up ~rol1t sc~urce c~f funding for the purchase of this
property~. The inter-fLind loan would grant the EDA the ability to repay the City, at a future time
with tax increment funds, tor the plirchase. 1'11e inter-fund loan is necessary to quality this
ptirchase as a fitture tax increment obligation of the new district if approved by both the EDA and
the City Council.
Nawrocki expressed his opposition to this since it is committing C8 funds to reiinburse the City's
Capital Improvenlent Fund for the purchase.
Motion by Szurek, seconded by Williams to waive the reading of Resolution 2009-13, there being
ample copies available to tl~e public. All ayes. MOTION PASSED.
Motion by Szurek, seconded by Williams to Adopt Resolution 2009-13, a Resolution Approving
the tei-ms of lnter-fund Loan in connection with a future Scattered Site TIF District to purcllase
4~02 Wasllin~on Streei.
ILelzenberg, Diehm, Szurek, Herriilger, Williams, Peterson-Aye; Nawrocki-Nay MOTION
PAS~FD.
COLUMBIA HEIGHTS ECONOMIC I)F.VFLOPMENT AUTHORITY
Reso~~tivt~ 2009-13
RESOLUTION APPROVING AND SPECIFYING
T~RM~ OT Ilet'~'ER-~LT1etD LOAlet FOR ACQIJISITI:ON OF 4502 VVA~HING'i'ON ST. l~~
RECI:TALS
A. Tl~e City of Col~nnbia Heights. ("City") and its Economic Developme~it Authority ("Authority") have
ul~dertake~l a program to promote the developinent and redeve]op~ne»t of la~~d which is mlderutilized within the City, and
ui this connect~ion tlie Authority adtninisters the Redevelopme~lt Projeet No. 1("P~°oject") pursuai~t to Mi~inesota Statutes,
Sections 46~.001 to 46~.C~47 and Sections 469.C90 to ~b9.108I (the "I~ct").
B. Pui•suant to the Act, tl~e ~uthority is airttlorized to acc~uire~ i•ea( property for developznent and
redevelopment by priv~te enterprise or ~ublic use.
C. The Aiitharr`ty proposes ta acc~tzire certain ~~rc~perty i~1 the Project lc~cated ~t 4502 VVashingta7~ St. NE (the
"Pro~+~t~ty),"
D. The A~t(~ority and City rnay estal~lis}~ a scattered-site tax ir-crement fina~~cing clistrict ("T1F District")
«nder I~inn~sota Statutes, Sectians 46~?.174 t~ 469.17F (th~ "TIF 1~~t") tl~~t i~~cl~~des th~ P~-o~aerty in ord~t- to fa.c~lit~t~
develvprner7t of that pr•~perty; or the Authc~rity and City tnay develop tl~e ~raperty for various public L~ses.
F,conomic Development Authority Minutes
Page 5
Apri128, 2009
E. Under Section 469.1"78, Subdivision 7 of the T1F Act, the Giry is a~id~orized tc~ advai~ce or loan money fi•om
any fund fi-om which such advances may be le~ally ~nade in o--der to fi~~ance expenditures that are eligible to be paid
witli tax i-~cre~ne»ts under tl~e TIF Act.
F. The City has determi~ied that it is in the best interests of the City tc~ 101~1 f~ulds to the EDA iu ordei° to
acquire the Property, which loan ri~ay t~e reapaid ~Ei-om tax increments or other sou--ces, all as fu--ther describecl in this
resolution.
G. By a resolution approved April 27, 2009 (tlle "Loan Resc~lutic~n"), ttie City Cou~~cil a~itllorized a loa~~ fi•om
~~iE ~ii ' iG i~'iE i-~tl~~'iGiit'" i^ ~~lc iii~XiTliiT~it l"iriGi a~ it~i~Gti3ii v~.°'p~.`~ t~~iQ "-~US aCiuc~i V~OSiil cuS~~ O~"i a~ uiSitluil ui iiie
Y y i~ ~~ , ~ ~ - G--
Propel°ty and the a~ctual cost of demolition (tl~e "Loan").
NOW, TH~REFOKE, l~E 1`I~ KESOL~VED by the ~oard of Coromissio~~ers of the Columbia Hei~hts Ecouomic
Developme»t Authority as follows:
1. The Autl~ority accepts a»d approves the Loan from the City to the Authority as described i» tl~e Loan
Resolution, and approves all tei7ns of the Loan Resolution.
2. The Board authorizes ai~d directs staff to take al( actions and execute ~ny collateral docuinents necessaiy to
cai-iy out tlle intent of this resolution.
Approved by the Board of Co~nmissioners of the Columbia Hei~hts Economic Uevelop~nent Authoi•ity this
28`~, day nf April, 2009.
ATTEST:
~': esi~e~~t
Secretaly
6a. Adopt Resolution 2009-15, Approving Inter-fund Loan to Purchase 4108 7th St.
Staff had the opportunity to ptlrchase 4108 7«' Street as part of the Scattered Site TIF District
Prc~gralu that is being considered by the Board to purchase and delnc~lish sub-standard properties
that become availablE in the foreclosure proc.ess. The purchase price of the property is $19,900,
plus ~losin~ costs. Since the Scattere~ ~ite TIF I~istrict is not yet established, the City's Capital
Improvenzent FLU7d (420) would be the up fr~nt source of fundillg for the purchase of tlus
property. The int~r-fund loan would grant the EDA the ability to 1°epa~ the City, at a future time
with tax increment funds, for tl~e purchase. The inter-fund loan is necessary to qualify this
purchase as a future tax i~~crement ob,ligatic~n of the i~ew district if approved by both the EDA and
th~ City C~ounc,il.
Nawrocki expressed his crppc7sition to t~zis sine~ it rs committing C$ funds to reimburse the City's
Capital I~nproven1~17t Ftmc~ for the purc~ase.
Motion by Diehm, sECOnded by Kelzeilberg ta waive the reading of Resolution 2009-1 S, tl~~e1-e
bein~ ample copies available to the public. All ayes. MOTION PASSED.
Fconomic Development Autl~lority Mintites
Page 6
Apri128, 2009
Motion by Diehm, seconded by Kelzenberg to Adopt Resolulion 2009-15, a Resolution
Approving the terms of Inter-fund Loan in connection with a future Scattered Site TIF District to
purchase 4108 7`~' St.
Kelzenberg, Diehm, SzLU-el<, Herringer, Williams, Petersoil-Aye; Nawrocld-Nay MOTION
PASSED
COLUMBIA HEIGHTS ECONOMIC DEVELOPIVIEP~IT AUTHORITY
RESOLUTION 2009-15
RE~OI,UTION APPROVING AND SPECIF~'ING
TERMS OF INT~R-FUND LOAN FOR ACQUISITION OF 4108 7'" ST. NE
RECITALS
A. The City of Colunlbia Heights. ("City") and its Economic Development At~~thority ("Authority") have
undertaken ~ program to promote tl~e development and redevelopment of land which is under~~ltilized within the City, and
in ttlis con~lection the Authority administers the Redevelopment Project No. 1("`Project") pursua~~t to Mint~esofa Statutes,
SECtions 469.001 to 469.047 and Sectio»s 469.090 to 469.1081 (the "Act").
B. Purstiant t~o the Act, the ~1l~thc~rrty is authorized to acquire real property ~fol~ development anci
~-ed~vetopment by private enterprise or pubiic ~ise.
C. The Authority p~•oposes to acquire certain pro~et-~y in the Project located at 4108 7th St. NE (the
"Pi.o~e~,)."
D. The Authority ai~d City may establish a scattered-site tax increment tina~~eing district ("TIF District")
~inder Mi~lnesota Statutes, Sections 469.174 to 469.176 (the "TIF Act") tl~a~t i~~cludes the Property in order to f'acilitate
develop~nent of that propei-ty; or the Authority and City may develop the property for various public uses.
E.. UaaclP~- S?~ction 469.178, S~~~di~ision 7 of t!ae TIF ~ct, ihe Ci±y is auThoa-~ze~ te ~dvance or ?oan ~1~o~~ey fi•~2n
any fund from which such advances ~r~ay be le~ally made in order to finance expenditures that are eligible to be paid
with taK ii7crel7ients under tlie TIF Act.
F. The City 1~as detet~~~ined that it is in the best interests af the City to toan fimds to the EDA in orcler to
ac~uire tl~e Property, whic}~ loan m1y be ~•eapaid from tax inere~nei~~s or other sc~a~-ces, al( as fut-tl~er dcscribed i~~ tl~is
resolution.
G. By a resolt~iti~~a ap;~~•oved April ?7, 2009 (the "Lc~aia Resol~itio~~"), tl,e C?ty C~uncil a«tho~-ized a loai~ fi~a~n
the City to the Authority in the maximum principal a~nount of $19,900 plus actual closin~ costs on acc~uisition of t}~e
Properry and the aetual eost of demolition (the "Loan").
I~IOW, THEREFf3IZ1~, FE IT IZESOLVED by the i3oard of Commissic~ners of the Coicunbia Heigllts Economic
Develc~pr~~ent Authoriry as follows:
1. 'T'he ~lutharity accepts and apprc~ves the Loa~1 frc~m the City tcr the Eluthority as described in the Loan
I~esol~~tion, ai~d approves a(1 terms of the Loan Resolution.
2. The Bo~rd authc~~-iz~s ~z1d directs staff to take ~l) ~ctians ancl exect~dte al~y cc~Ilateral docuine~~ts necessaty to
carry ~tiit the i~ltel~t af this resolutio~~.
~ppr~ved by the Board c~f Co~nn~issionei°s of t[1e Cal~~mbia Hei~~hts ~~cona~nic ~eveio}~me~zt Authority ti~is
~8`l, day of ~pril, 2009.
ATTEST:
Pt-esident, Gary Petersc~t~
Secreta~y, St~elley Ha-~son
Economic Development ALithority Minutes
Page 7
Apri12$, 2009
7. Make ~~eights You~ Home-Pitot Program Approvai
Cartney reviewed the down payment assistanec program for the purchase of foreclosed homcs that
are piu~chased usin~ a 203K loa~1(which guarantees rehabilit~ation for that property). The fiinding for
this program will be from the 2009 Fiscal Year Anoka C~unry Levy. Staffplans to administer the
program and 2009 will be tl~e test year to see if this program can be a success for the City. She
explained that if GMHC administers the prograin, there would be a$500 per loan transaction charge.
City staff will charge an ad~ninistrative Fee of $250 per transaction out of the Anoka County Levy
Funds.
The Loan provides zero percent interest loan of 3.5% of the acquisition eost (ptuehase price pltis
rehab costs) up to $6,000 to be used for do~n7 payment assistallce with an FHA 203K
Purchase/Rehab Loan. Cartney reviewed the terms of the program and reminded members that this
program is for properties that will be owner occupied. She stated she has had several calls froin
realtors aslcing if we had a pro~ram in place that would provide this type of incentive/ assistance.
Herringer would like to see the language for Term #6 clarified regarding repayment ~f the loan for a
borrower living at the property less than 10 years.
Staff is counting on using $180,000 of the Anoka County Levy monies for this Pi1ot Program.
Nawrocki thought the $180,000 should be used to purchase the sub-standard hoines so the TIF
ms~nies wou?a not have to be tise~.
Clarlc explained this program is an additional program aimed at diffelent properties than the
"purchase & demolislz" program. ~I`his program is ainled at homes that can be renovated and
encourages owners tc~ live in the prc~perty for at least 10 years to help stabilize neighborhoods.
Motioil by Dielun, seconded by Szurek, to approve Mak~ I~ei~rhts Your I-Iome down paymellt
assistance prograin as presented in thls staff report and direct staff to enter into necessary agreenlents
with Anol<a County for Lise of the 2009 Fiscal Year County HRA Levy Funds.
Kelzenberg, Dielim, Szurek, Herringer, Williams, Petersoil-Aye; Nawrocki-Nay MOTION
I'~SSEI~
8. Ad~p~ Resolutaoffi 2009-14, A~apa~oving N~c~d'a~catian ta~ ~he TIF Plaa~ f~r Ktaaart/~'~ntral Avenue
'TIF+' ~astr~c!
Clarl< t~old members that in order to tnodify the Kmart/Central Avenue Tax Incremcnt Financing
District the EDA inz~st a~pprove a Resoltit~ion ai~d tl7en a public hearing znust ~be held and the City
C'ouncil wc~uld also ~~eed to pass a similar Resolutic~n. The n~todified p~an w~uld nat add new
itlcrement tc~ the p1an. It is not amending the bud~et of the district, but rather, a geographical
uiiiellC~iiil~il~i ~iic^ii IS iii~EC~i~Cli tv^ c`3~i~13`v~ ~tl~i.il"i, ~n~~T'iC~1~Lli~S 1il t~1~ r~iii~~ile~C~ ~i~2~~2~3~i"i2<'ivCi. i~i2~ ~iW~
ele~nent is the use c~~~ urobligated tax i~zcren~ent frc~m the original district as a revezzL~e s~urce fc~r
rede~rclopnlen~ i~1 the ~~erita~~: I-Ieig~~tslShef~iel~ r~eig~~b~rhot~d. Th~ ~atin7~be~ of h~rn~s iracl~c~ec~ ir~
t11e area is 55 parceis. Clark stated by expanding tlle ciistrict, the ilope is to buy up so~ne of the
properties and i°edevelop them with single family homes to further re-vitalize the area, which colild
facilitate the rem~ining development of the KMart site.
Economic Developnzent Atithority Minutes
Page 8
Apri128, 2009
The P1an acknowledges the City may be a beneficiary of a State Iaw change that woiiid exteild t11e
"five-year rule" to a"tezi-year ri.ile". The net effect is that the 5-year rule would oi~ly allow the City
to use uilobligated tax increment fioin the existing Phase 1 condo project (assuming that a bond,
whicll is in process before the City Council, is in place by J~Lily 23, 2009) in t~he new geographic area
for redevelopment puiposes. T11e 10-year rule wauld allaw future unobligated tax incl°ement review
(primarily from condo phase II and phase III} from the original project to be used in the new area,
again for redevelopmellt purposes. The Ci~y/EDA anticipates the sale of taxable GO taX increment
bond in the amount of $930,000 to be sold and available by early suinmer of this year.
Motion by Szureic, seconded by Diehm to waive the reading oi~Resolution 2009-14 there bein~ arnple
copies available. All ~yes. MOTION PASSED.
Motion by Szurek, seeonded by Diehm to Adopt Resolution 2009-14, a Resollition Adopting a
Modification to the Downtown Central Business District (CBD) Revitalization Plai~ for the CBD
Redevelopment Project and a Moditication to the Tax Increment Financing Plan for the
Kmart/Central Avenue T~x Increment Financing I)istriet.
Kelzenberg, Dielun, Szurel<, Herringer, Williams, Peterson-Aye; Nawrocki-Nay MOTION
PASSED
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AiJTHORITY
CITY OF COLUMBIA HEIGHTS
COUNTY OF ANOKA
ST ~.TE Q~F 1!'~Il~INESQ'I' %~.
RESOLUTION NO. 2009-14
R~SOLUTION ADOPTI:NG A MODIFICATION TO TIIE DOWNTOWN CENTRAL
BUSINESS ~I~S~'RIC~ (C~I~} I2~~ITAI.IZ~TI~N ~'LAN F~DR 'I'~IE CB~
~2EI3EVE~~PIWIEN~' PROJE~T r~NI9 f-i li'IODIFI~A'I'I~I9~ ~'C9 ~HE '~'fiX I1m1CR~+ M~l~'~
FINANCING PLAN FOR THE K-MART/CENTRAL AVENUE TAX INCREMENT
FINANCING DISTRICT.
WI~ER~AS, it has been proposed by tlie Board of Co~nmissic~ners ("Board"} of t11e Columbia Heigllts
Eco~lomic Development Authority ("ED~i") and tlle City of Cotumbia l-Ieig[~ts ("City") that the EI~A adopt a
Modi~c~tioi~ to tl~e Downtc~wn CBD Revit~alization Plan for the CBD Redevelop~ne»t Prc~ject (the "Revitalizatioi~ Plan
Modi~cation"} and ~ Moditicatior~ to the T~.K I~icrement Financing Plan (the "TIF Plan Modificatio3~") for tlle K-
Mael/Centi-al Avenue Tax Increment I~inancing District ("TIF District") ther°ein (the RevitaGzation Plan Modific~tic~n
~nct tl~e TIF f'la~n Modification are referred to collectively t~erein as the "Moditicatians"), ~11 pursua~It to ai~d in
confo~°mity with applicable law, includin~ Minnesota Statutes, Sections 469.090 to 469.1082, atid Sectiot~s 469.174 to
469.1799, inclusive, as arnendecl (the "~ct"}, all as reflected in tlle Moditieatic~ns and presented for the Board's
consideration; and
~HEIZEAS, tl~e EDA has it~vestigated the fa~ts relat~ing t~o the Modifications ~nd l~as ca~sed tl~e Modificatior~s
to ~e preparect; and
~conomic Development Authority Minutes
Page 9
Apri128, 2009
WHEREAS, the EDA has perfi~rmed all actions r°eqLiired by (aw t~o be performed pric~r to the adoption of the
Modifications. The EDA lias also requested the City Planning Commission to provide for review of ancl written
comment ol~ Modifications and tha~t Yl~e Cit3~ Council scl~edz~le a public l~ea~-i~~g on the Mc~difications u}aon p~~blisl~ed
notice as required by law.
NOW, THEKEFORE, BE IT RESOLVED by the Bo~rd as follows:
1. The EDA hereby fi»ds that tl~e Modifica~tions, are intended and, i~~i the jlidgment of this Board, tl~e effect of
such aetions will be, to provide an im~etus for develop~nent in the publie pu~oses aT~d accomplish certain objectives
as speci~fied in the Modifications, which are hereby incorpora~ted herein,
2. The EDA hereby ~i1ds tha~t pat°cels listed in Appenclix C of the TIF Plan Modificatio~i sl~oiald be included
in tlie TIF Dist~-ict, and adjacent streets and right-of way property; tllereby changi~~g the geograp}7ic shape of the TlT
uistt`ict.
3. Tl~e EDA hereby tinds that tl~e area l~ei~ig added to tl~e TIF District as parf of the proposed Modifications
meets the requirements for a"renewal and renovation dish-ict" under Minnesota Statutes, Section 469.174, Subd. 10a,
and finds that the adoption of the prc~posed Modificatioi~s canfor~ns in all respects to t}~e requirements of the Act and
will help iulfill a need to develop an area of the St~te of Mim~esota wl~ich is already built up and th~t the adoption of
the proposed Modifica~tions will help provide public improve~ne»ts, revitalize an a~rea characterized by blight a~1d
occupied by substandard buildi»gs, and expa-~d tl~e ta~ base of the City, a~~d theeeby serves a public purpose.
4. The EDA hereby reaft7r»~s the original findiilgs for tl~e TIF Dis~~°ict, established as a"renewal and
renovation dist~°ict".
5. The EDA fi~rtller- f~>>1ds that the Modificatic~ns will afford rilaYi~ntim opportl>>1ity, consistent with d1e sound
n~e~ds for tl~e City as =~ whole, for thc~ dPvelopment ~r red~veto~ame~nt ~f ~he r~BL~ Redevelopin~i~t Pr~ject by pr;Wat~
enterprise in that the intent is to provide c~nly that public assistance necessary to make tl~e private developments
financially feasible.
6. The botindaries of t[~e CBD Redevelopment Project are not being expanded.
7. The reasons ~nd facts su~p~~rting the findings in this resolution ar~ clesc~-ib~d in the TIF P(an Modi'tieatioi~
a»d in tlle eXhibit attached t~o the City 1-esolution ap~roving the Modifications, on file in City Hall.
8. Conditioned ~ipon the appcoval tl~ereof l~y the City Council following its public heariiig thereon, the
Modif3cations, as prese~ited to the EDA on this date, are heceby approved, established and adopted and sllall be placed
ot1 fiie in tl~e office of the Commmlity Gevelop~~~e~~t Director.
9. Upon approval of tl~e Modifications by the City Council, t11e staff, the EDA's advisors and legal counsel
ai°e ailthocized and directed to proceed with ti~e iinplementation of the Modificatioils and for this purpose to ncgotiate,
draft, prepare and present tc~ t}~us Board for its eor~sideration alt furthec plans, resolutic~ns, doc~~ments and contl°acts
necessaiy for tl~is pulpose. Apprc~val af the Modificatioils does not constitute approv~l of any project oi° a.
Deve(op~~ent Agreement with any developer.
lf~. U}~on approval of tlie Mc~ciificatians by tL~e City Co~~iicit, the Cc~ntrnunity L?eveloprnent Dit-ector is
autiz~rized ~a~d directed t~o fc~rward a capy of the Modi~ticatic~ns to th~ Min~~esata Departn1e11t ~~f R~ven~~~ ~ncl tl~e
t~t-fice o~r t[1e Siate liuditor pi~irsuarii io Ii~Ii~v~iesc~t~ Staiutes 469. i 75, Subd. 4a.
1 t. Upc~n ap~y-oval of the; Ilrlodi~ticatians b~ the City C'ou~~al, t~h~ C~r~1n~~~~~ity ~e~elc~pm~nt L}irecfc~r is
authorized ai~d directed t~o forwat•d a copy of the ivlodifications to the Anoka Cou~~ty ,~uditor a~2a request th~t the
Auditor certify the original tax capa~city of tlle parcels being added to the TIF District, as described ii~ the TIF Ptan
Modification. all in accordance with Minnesota Stati~tes 469.177.
Econolnic Development Authority Minutes
Page 10
Apri128, 2009
Approved by tl~e Board of Compnissicners of tl~e Columt~ia HeighYs Economic Develo~mejlt ~u~l~ority this 28~'
day of April, 2009.
EDA President
fITTEST:
Secretaiy
~l. `i~eights ~Iousing ~rotection Yrogram 1~iscussion (property inspection j
Clark explained that the Heights Housin~ Protection Program is basically a re-named RIBS ~rogi°an1
that was considered last year, with a few modihcations. Due to the vast number of foreclosures in the
city (363 active foreclosz~res/517 in the last 28 months), coupled with conditio~ls of the properties that
are being evidetlced fro~17 staff, it is recc~minended the Council consider implementing this type of
program to ~1elp stabilize our housing and neighborhoods. The narne cl~an~e is intended to 1°eflect the
pLlrpose of the inspection prc~grai7l, which is to ensure holises nleet minimunl standards (which
protect the new holneowner), but also to protect neighborhoods. Clark stated it is hoped that tlus will
help neighborhoods gain back coilfidence that would result in ownei•s re-illvesting in tlieir properties.
He said it may be advantageoils to try the program with a 3 year sunset clause and to re-evaluate it
after the market conditions iinprove.
Clarlc suggested that members of the Council, EDA, and Planning & Zoning Cominissions tour sonle
vacant properties to gaiil an Linderstanding of how the program would worlc and the types of repairs
that would be needed. "1'his would help Council answer questions that may arise during the PLiblic
Hearings that will be held.
Members had questic~ns regarding the inspection checklist and thought some of the iteins were
ambiguous. Ciaric explained the checklist used is one tilat has been used for many years for rental
licensing that is based on the Prc~perty Maintenance Code adopted by the City. Diehm asked t11at we
obtain copies of the checklist from Minneapolis and St. Paul. Cartney said she would get the copies,
but explained they have a trutll and housing inspection report and that corrections are not mandatory
for these two cities.
I`Jawracki ~a~1ts informational meetings h~ld t~ explain the program for the r~sidents ~f the city, not
just the realtors this time. He hopes that would help clarify inconsistencies and incorrect infonnatio~l
that causecl the program's failure ta pass last year.
Members revie;wed tlze Scll~dule/Pracess tl~at was enclosed in the ~genda packe.ts. ~everal
suggestions were m~cle:
~ , „~~,a .- - - _ _ ~ ~._~__ ~, _ _ ,,_ ,x „_ ,__ •
*Nawrc>ci41 wanted t~ see ti~e is` a~iu L~e~c~ii~gs re~iiuvcc~ ~~u~~l ~ne 5L1~eu-uic a5 i~,is ~ives ii;c
itn~r-essic~n i~ is alteady "decided".
*SzLlrek scrggested inviting Jim Kc~rdiak c~n th~ tour s~ he car~ see ~~irst hand tl~e eondi~io~ of~`so~n~ c~f
the housiil~ stc~ck trying to be re-solcl.
*Diehin stated the tour will have fc~ be posted as an official ~neeting with the addresses of each
praperty listed.
Economic Development Authority Miizutes
Page 11
Apri128, 2009
Motion by Szurelc, seconded by Williams to continLie exploring "Heights Housing Protection
Prograrn" ~nd es~ablishing Vlay 27, 2009 for a tour of various properties with the regular EDA
Ineeting to follow afterwards. All Ayes. MOTION PASS~D.
10. Administ~-ative Report
a. TIF Extension Update
Clark explained tl~e Senat~e has one version on the floor that would be of no help to Columbia
Heights. l Ile House has one version that wouid 'be of n~iniinal he1p. There were a Iarge
number of cities that were asking for the salne thing. It is nc~w up to the Legislature to make
their decisioi~. It colild have an affect on the use of monies frc~m Phase 2& 3 of the Kmart
site.
b. ~7t~' and Centrai Update
RJM has been assisting the developer and ~hey are trying to bring the project together. Clark
explained they need to get at least two major tenants to comn7it to the project for it ta begin.
Buffalo Wi1d Wings n7ay be interested, but Aldi's is loolcing at other sites since the project
has stalled for so long. He thought sometlung will be decided one way or the other within the
next two weeks. If the prc~ject is not constructed and the ramp not built by year end, the Met
C~uncil ~vill ~u11 th~ ~rant li7~n~y aizd I~Z~st iik~ly u~~ ii fc,~ illeir t~i°al7spc,1-tation t~udge~
shortfall.
c. Conceptual RAP plan for the Burger King Site
Clark reported that we have contraeted tc~ w~rk with Fro SoLirce ~f~r a Conceptual t'€~i~' Pian ta
be do11e. T11is includes talcing the I'hase 2 inforination to the MPCA and getting an agi-eement
iron~ thein on wl~at i-emediation would be required before developing the site. This would
allow the City to move forward with limited ainendments or n7odifications once the marlcet
ilnproves. The cost to have Pro Soui~ce do this IZAP Plan is appz~oximately $4000. Staff
needs to check on langliage concerning $50,000 commitment from previous owner for soil
correctioli work.
d. Huset Park Townhome Associafion Declarations
As part of the original deve~opment agreement ~ 5% cap of rent~l units a11o~vEd was agreed to.
When the Association Declaratians were established they had language that tin~it~d the right
of an c~wner tc~ rent a linit to ~ alle tiin~ r~ntal. O~ZCe a renter s~~oved out, t~he u~1it cc~uldn't ~~
rented again. This was not samething tne ~ity rec~uired, ii was t~re wav tn~ir deciaraiiuti w~s
drawn up. Tl~ey want tcr amend their documents to remove that sti~ulatial~, ~o still keep the
5% limit, and ta acld a provision that a ui3it mitst be lived in ~fe~r two ye;ars be~fore the owner
couid decide to rent it c~ut. The EDA cansensus was that the aforementioned provisions met
the ori~inal intellt of the ~gl-eement. Therefore, staff will in~plcment any necessary
rnadificatians administratively.
Economic Development Authority Minutes
Page 12
Apri128, 2009
e. Anoka County Levy
Staff will prepare a letter to opet~ a discussion with Anoka Coimty to establish how the Levy
money wi11 be disbursed and what affect it will have on the amount we receive. We are in a
five year agi~eenlent with Anoka County and it is possible the allotment of monies may be
changed. Staff needs to get a con~mitment froln Anoka County on these funds.
1~~he Ineeting was adjourned at 9:00 pm.
Respectfully submitted,
S1~e11ey Hanson
S~cret~ry
COLUMBIA HEIGHTS ECONOMIC DEVELOPM~N~T AUT~-IORITY (~DA)
Meeting of: May 27, 2009
AGENDA SECTION: Co»sent ORIGINATING EXECUTIVE
NU:3 D~PARTMENT: EDA DIRECTOR
APPROVAL
ITEM: Financial Report and Payment of Bills BY: Sheila Cartney BY:
DATE: May 18, 2009
BACKGROUND:
The Financial Report is for the months of March and April 2009 Resolution 2009-16 is attaclled far
approval.
RECOMMENDATION:
Staff will be available to answer specific questions. If the report is satisfactorily complete, we
recomrnend the Board take affirmative action to receive the Financial Report and approve the
payment of bills.
RECOMMENDED MOTION:
IViove to approve F2esolution 2009-~6, Resalutic~n af the Calumbi~ Heights Ecor~omic
Develc~pment Authority (EDA) approving the Financial Statement and Payment of Bills for the
months of March and April 2009
~ttac~mlei~ts tcesoiutron ana r~nanci~t
EDA ACTICN:
EDA RESOLUTION 2009-16
RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
(EDA) APPROVING THE FINANCIAL STATEMENT FOR MARCH AND APRIL 2009 AND
PAYMENT OF BILLS FOR THE MONTH OF MARCH AND APRI~ 2009.
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
shaws 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 months of March and April 2009 and the list of bills
for the months of March and April 2009 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 acc~ptable 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 bilis, which are attached hereto and made a part hereof, and they are found to be
correct, as to form and content; and
BE i'i FURTiiER R~St3LiiEC3 the financiai statements are acknowleciged and received and the
list of bills as presented in writing are approved for payment out of proper funds; and
~~ 1°~ ~~1~7`~~F~ R~~C7~iV~[~ this resofution and attachments are to be made a part of the
permanent records of the Columbia Heights Economic Development Authority.
Passed this _ day of , 2009.
MOTION BY:
SEGO~lDEQ BY:
AYES:
IVAYS:
President
Atte~t ~y:
Shelley Fianson, Recording Secretary
I~DA Item 4
Heights Hausing Protection Program
Potential Schedule/Process
Date 2009 Task
April 28 EDA (Council) Direction to proceed
May 1 Contact North Metro Realtors Associatiorl- state intent of new
proposed program and need
May 21 Meeting with North Metro Realtors Associatioii Board
May 27 EDA, P&Z Members Housing Tour
Distribute proposed ordinanee
May 27 DiscLtssion direction with EDA
_ ~__ ~__ ~.... ___._ _ _ . -
June 1* ___._. .. ---.--.---- ---------
Notice to people in attendance of previous public hearing on this
issue about npcomin~ information meetings
3Lme 22* Meeting with Realtors, Mortgagers, Banlcers ete.
June 22* Public Information Meetin~/Open House
June 25 Calendar Show
~
3tiily 13* Pliblic Information Meeting/Open Ho~ise
Au~ust 3 CC Worksession - discussion
August 10* First Reading of Ordinance
August 24* Second Reading of Ordina~zee
September 24* Ordinance in effect
~ Subject to change
Public Relations
~ ~;'alendar Sh~~~
^ Cab1e TV
^ C'ity Website
^ Northeaster Newspaper
~ SunFvcus Newspaper
^ Letters to people previously attending public hearings on this
ordinance
^ Public Information Meetings
^ North Metro R~altors Association
COLUMBIA HEIGHTS ECONOMIC DEVELOPM~NT AUTHORITY (EDA)
Meeting of: May 27, 2009
AGENDA SECTION: Business Iteuls ORIGINATING EXECUTIVE
NO:S DEPARTMENT: EDA DIRECTOR
APPROVAL
ITEM: Habitat for Humanity Pr°esentation BY: Scott Clark BY:
DATE: May 20, 2009
BACKGROUND
~ representative froin Habitat fot° Humanity will be in attendance to give a short presentation on their
housing model for both new construction and rehabilitation of foreclosed propcrties. If agreeablc to
the Authoriiy, Habitat wouid like a consensus to have the City submit a letter of agreement to Anolca
Cc~unty fc~r t11e use of HOI~fE funds as a source for foreelosed rehabilitatioll purposes. The letter being
requested is attached.
RECOMMENDATION:
Staff seeks direction from the Authority for this action
R~COMMENDED MOTION:
Motion: Move to direct the Executive Director to sign a letter of support in regards to Habitat for
Humanity's application to Anoka County for HOME funds.
Httacnments: 5upporc ierter to tino~ca ~ountv re~aram~ riVivtr, runas trom riab~tar tor
ELJti 1~CTION:
May 27, 2009
Anoka Coul~ty Board of Commissioners
Anoka Coiinty Goverilrrient Center
2100 I'hird ~venue
Anol<a, MN 55303
Attn: La~ia Burczek
Dear Commissionei-s:
The City of Coluiz~bi~ Heights is ~leasecl to offer this letter of support for Twiz~ Cities Habitat fot•
Humanity in its application for 2009 HOME fi~t~ds to support foreclosu~°e rehab efforts. In the
past, dramatic increases in popula~tion and tl~e need fc~r good units of affordable workforce
ho~isin~ l~ave driven Habitat's efforts throughout the metro area. That need persists even as the
onset of tl~e foreclosure cl~~isis has created T~-rther housing challe»ges in our community. Seeki~7g
to address both issues, Twin Cities H~bitat hopes to work in the City of Cohunbia Heights this
winter, turning a foreclosed IZOme into an affordable 17omeownel°sl~ip opportunity.
Faced with ai1 overwhelming number of foreelosures in oui- community and seeking to maximize
ecouomic recovery in otir i~ei~hborl~oods, the City of C~Itjmbia Heights endorses Twin Cities
1-~abitat's HOME applicatiot~ to fi~nd one unit of foreclosure p•ehabilitation. With the 383 ho~rte
foreclosures i~i Columbia Heights, the City is seeking to employ all pc~ssible tools to address tl~e
issue. By leveraging HOME fiinds agai~~st ~fimding already cotnmitt~ed to the pl°oject by Habitat,
1~noka C~Einty car. help znake H~l~itat's i~~itial foreclos~~re re!~a~ effo~-~s iz~ ~u~° city viable.
Twin Cities Habitat has sold hon~~es to more t11an 730 farnilies since 1985 and serves a very
important role in our community by serving families who earn between 30 a11d 50 percent of the
area median ii~come. Given Habitat's zero-percent fi~~ancing and tl~e small monthly payinents that
they receive bacl< from their fa~r-ilies, it is very important that tlie comir~unity l~elp them as muc11
as we can. Habitat has ,~reviously built 21 Habitat Hoanes ia~ Coluanbia Hei~hts, aa~d tlais
opportwiity will conti~~ue those past efforts.
FQr a11 of these rcasons, ~ strol~gly esldorse Twin Cities I-Iabitat's application foc HOI~/IE fug~rdi~~g
to assist them wittl their foreclosure acguisitioil activities in Col~rmbia Heigf~ts. Please fe;el free to
coi~tact me with any questions ~~egarding tl~e great service that Habitat pz°ovides to its fa~nilies.
Sincerely,
Scott Clarlc, Commutlity Developmei~t Director
City of Columbia Heights
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Meeting of: May 27, 2009
AGENDA SECTION: Business Items ORIGINATING EXECUTNE
N0:6 DEPARTMEI~tT: EDA DIRECTOR
APPROVAL
ITEM: Adopt Resolution 2009-17 approving BY: Scott Clark BY:
modification of University Ave Redevelopment DATE: May 21, 2009
TIF District C8 (University Heights)
BACKGROUND:
On Apri128, 2009 the EDA gave direction to staff to proceed with a"scattered site housing district"
that will allow the City to ~urchase up to twenty homes. As the initial step in this process a funding
source needed to be identified for the original purchase and it was agreed upon to use the existing
fi.tnd balance, and 2009 and 2010 increment receipts, from the C8 (University Heights) TIF District.
As part of this process the EDA must pass a resolution regarding the sarne and the City Council will
hold a public hearing on this item on June 22, 2009.
I2 ~COiVI1YIEN~ A'~'ION
Staff recai~unznds ayproval ~f the resalution as w-ritten.
tK~C;GIY~VI-'L+1'~TII~I) N('1'~'Yi31V:
Mo~re t~ waive tl~e readi~ag a~f R~solution 2009-17 there be2ng ar~~ple capie~ auailal~l_~ for tl~e ~ublic
1`/Iove ta ado~t Resolution 2009-17 adaptir~g a modificatic~n t~ the downtounl Central ~usiness
District (CBD) Revitalization Plan for the CBD Redevelopment Praject and a Modification to the
Tax Increment Financing Plan for the University Avenue Redevelopment (C8) Tax Increment
Financing District
~.#tar}cme~nkc• Rt.cn~27tinn 7~n~}a77 ~r~'1P.f'~t1~P.
EDA ACTION:
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION 2009-17
RESOLUTION ADOPTING A MODIFICATION TO THE DOWNTOWN
CENTRAL BUSINESS DISTRICT (CBD) REVITALIZATION PLAN FOR THE
CBD REDEVELOPMENT PROJECT AND A MODIFICATION TO TI~E TAX
II'~CREMEl~TT ~'INANCING PLAI~t FOR T~IE UNI'VIERSITY AVENUE
REDEVELOPMENT (C8) TAX INCREMENT FINANCING DISTRICT.
WHEREAS, it has been proposed by the Board of Commissioners ("Board") of the Co]umbia
Heights Economic Development Autharity ('BDA") and the City of Columbia Heights ("City") that the
EDn ado~t a:~'iQdifcat:~r t~ the L~~wnt~~un CBD Revitaliz~tion Plan for the CBD Redevelopment
Projzct (the "Revitalization Plan Modification") and a I~4odification to the Tax Increment Financing Plan
(the "TIF Plan Modification") for the University Avenue Redevelopment (C8} TaY Increment Financing
District (°TIF' District"} therein (the Revitalization Plan Modification and the TIF Plan Modification are
referred ta collectiveiy herein as the "Modifications"), all pursuant to and in conformity with applicable
law, including Minnesota Statutes, Sections 469.090 to 469.1082, and Sections 469.1'74 to 469.1799,
inclusive, as amended (the "Act"), aI1 as reflected in the Modifications and presented for the Board's
consideration; and
WHEREAS, the EDA has investigated the facts relating to the Modifications and has caused the
Ivlodifications to be prepared; and
WI~ER.EAS, the EDA has performed all actions required by law to be performed prior to the
adoption of the Modifications. The EDA has also requested the City Planning Commission to provide for
re~iew of and written comment on Modifications and that the City Council schedule a public hearing on
the Modifications upon published notice as required by law.
NO~N, THEREFORE, BE IT RESOLvED by tl~e Buai•d as follows:
I, TIZe EI3A hea-eby reaffirms the origii~al findings far tl7e TIF Ilistg-ict, estabiisk~ed a~ a
"redevelopment district" under Mimiesota Statutes, Section 469.174, Subd. 10(aj(1}.
2. The Modifications include modifying the budget and bringing the TIF Plan into
conformance with current Office of State Auditor requirements and authorizing the purchase of property
witl~ ircrepnents frorrp tl~e TIF ~?ist~•ict. The rit;~ is nat ino~lifying the boundaries or extending the term of
the TIF District.
3. The EDA further finds tl7at the Modifications wiit afford maximum opportunity,
cansistent with tl~e sound needs for the City as a whole, for tl~e devetapi~~ent o~ redevelapment of the
CBD Redevelopment Project by private e~iterprise in that the intent is to provide aniy that public
assistance necessary to make the private developments financially feasibte.
4. Ca7tditioned i~pon the approva~ th~reof by the City Cauncil fallawing its public 1learil~g
therec~n, the Modificatious, as presented to the EL7A an ti~is date, are llereby approved, estabfished and
auo~te~ ~n~ sh~!P ~e ~4ace~ ~,~ ~1? i?? $h~ of~~~ c~~`ths Cc~i~murtity Developmei~t I~irector.
5. LTpon approv~l of tl~e Modifications by tIle City Cou~~cil, the Community Development
£9i~•ec~or is ~~~tp=c~rized ~nd dfre~tP~d t~ farward ~ capy of the 1Vlodi~cations to the Aa~oka County ~luditor,
the Minnesota Department of Revenue and the dffice of the State Auditor pursuant to Minnesota Statutes
469.175, Subd. 4a.
Approved by the Board of Coirrmissioners of the Columhia Heights Economic Development
Authority this 27h day of May, 2009.
Offered By:
Second By;
Roll Call:
EDA President
ATTF ST:
Secretary
SCHEDULE OF EVENTS
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
AND THE CITY OF COLUMBIA HEIGHTS
ANOKA COUNTY, MINNESOTA
FOR THE MODIFICATIOI~1 TO THE DOWNTOWN CEl`~tTRAL
BUSINESS DISTRICT (CBD) REVITALIZATION PLAN
FOR THE CBD REDEVELOPMENT PROJECT
AND THE M~biFI~A~`IUN 1 t~ TI-IE i~~ IN~~ivfEi~TT F~~TAi~iCir~u
PLAN FOR THE UNIVERSITY AVENUE REDEVELOPMENT (C8)
TAX INCREMEI~IT FINANCING DISTRICT
(a redevetopment district)
Draft as of Mav 13, 2009
May 7, 2009 Project inf~rmation (property identification numbers for proposed properiy to
be purchased, project description, and rnaps) for drafting necessary
documentation sent to Ehlers.
May l 1, 2009 City Council calls for a public hearing on a Modification to tlie Downtown
CBD Revitalization Plan for the CBD Redevelopment Project and the
Modification of tl~e T ti~iversity Avenue Redevelopment (C8) Tax Increment
Financing District.
~,~iay 22, ~OGy Fiscalleconomic i-nplications received ~y Scr,ool Baard Clerk a~~d County
Auditor (at least 30 days prior to public hearing}. ~Ehlers will fax and nxail
on May 22, 2009J
May 26, 2009 EDA adapts a resolutior~ approving a Madification to the Downtown CBD
Revitalization Plan for the CBD Redevelopment Project and the Modification
of the University Avenue Redevelopment (CS) Tax Increment Financing
District.
June 2, 2009 Planning Commission reviews Modifications to detennine if they are in
compliance with City`s comprehensive plan and adopts a resolutioai
a~p~•ovii~g the 1_VToclifica.tions.
June 4, 2009 Ehlers 8r, Associates conducts 'rnterna[ review of the Modifications.
June 11, 2004 Date af publication of hearing notice and map (at least 1Q days vut not inore
tl~art 30 days prior to liearing}. ~Suri I'ocus pitiblzcation deadline June ~, 2009
- Ehlers x~ill sa~brnit rzotzce c?~ razap c~n o~° fiefor~e Ja~rze 5, 2009.J
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IEADE86 IN VUBLIC i1NANCE
SCHEDULE OF EVENTS - PAGE 2
COLUMBIA HEIGHTS ECONOMIC DEVELOPTVIENT AITTI-~t)1zITY
AND THE CITY OF COLUMBIA HEIGHTS
ANQKA COUNTY, MINNESOTA
FOR TI-IE MODIFICATION TO TH~ DOWNTOWN CENTRAL
BUSINE5S DISTRICT (CBD) REVITALIZATION PLAN
FOR THE CBD REDEVELOPMENT PROJECT
t~N~ '~'gi~ rv7t3L'Igi^l3~'I~i. Ti;; 'f'~€lE i A~~'v~REP.~~T:T ~ Ir1A1:TCIl`~G
PLAN FOR THE UNIVERSITY AVENUE REDEVELOPMENT (C8)
'I'AX INCREIl~IEN'I' FINANCING DISTRICT
(a redevelapment district)
June 22, 2009 City Council holds a public hearing at 7:00 P.M. on the Modification to the
Downtown CBD Revitatization Plan for tl~e CBD Redevelopment Pr~ject
and the Modification of the University Avenue Redevelopment (C8) Tax
Iricrernent Financing District and passes resolution approving the
iVlodifications. [Ehlers will email Councii packei informaPi~n to the City on
June I5, 2009.J
By December 31, 2009 Ehlers files Modifications with the MN Department of Revenue, Office of
the State Auditor, and Anoka County.
*Because Che City staff believes tliat the proposed Modifcation wi11 not require unplanned county road improvements, the TIF
1'tan Modification was not fonvarded to the County Board 45 days priar to the public hearing. The County Boarct, by law, has 45
days to review the TIF Plan to deternzine if any county roads will be impacted by the development. Please be aware that the
County Board could clairn tlrat ta~c increment should Ue used for county roads, even after the public hearing.
An action under subdivision ], paragraph (a}, contesting the validity of a determination by an authority under section 469.175,
subdivision 3, must be commenced within the later of:
(1 j l80 days after lhe municipcliiy's appruval under ~ectioii ~G9.175, sut~division 3; or
(2) 90 days after the request for certification of the modified district is filed with the county auditor under section 469.177,
Sll~7ClIVIS10R 1.
LEA6EP6 IN PUBLIC fINANCE