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HomeMy WebLinkAboutEDA AGN 06-06-16CH COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY AGENDA June 6, 2016 6:30 pm 1. Call to Order 2. Roll Call 3. Pledge of Allegiance City Hall Conference Room 1 590 40th Avenue NE Columbia Heights, MN 55421 CONSENT AGENDA 4. Approve minutes of April 4, 2016 and May 2, 2016 S. Approve Financial Report and Payment of Bills for April, 2016 — Resolution 2016 -12 Motion: Move to approve Consent Agenda as presented. BUSINESS ITEMS 6. Discussion of Refinancing Tax Increment Refunding Revenue Bonds —Series 2016 for the Huset Park Redevelopment Area Project 7. Conveyance of Certain Real Property from the EDA to the City —Resolution 2016 -13 Motion: Move to waive the reading of Resolution 2016 -13, there being ample copies available to the public. Motion: Move to adopt Resolution 2016 -13, Resolution authorizing the conveyance of certain property by the Columbia Heights Economic Development Authority to the City of Columbia Heights. The next EDA meeting will on June 13, 2016 at City Hall. The July EDA meeting will be cancelled. OTHER BUSINESS 8. Rental Property Discussion 9. 4303 Reservoir Boulevard NE Update 30. Adjourn The next EDA meeting will on June 13, 2016 at City Hall. The July EDA meeting will be cancelled. ECONOMIC DEVELOPMENT AUTHORITY (EDA) MINUTES OF THE MEETING OF APRIL 4, 2016 IN CONFERENCE ROOM I The meeting was called to order at 6:30 pm by Gary Peterson. Members Present: Donna Schmitt, Gary Peterson, John Murzyn, Marlaine Szurek, Bobby Williams, Bruce Nawrocki ,and Gerry Herringer Staff Present: Walt Fehst, Joseph Hogeboom, Keith Dahl, Joseph Kloiber, and Shelley Hanson. PLEDGE OF ALLEGIANCE- RECITED CONSENT ITEMS 1. Approve the Minutes from March 7 and March 15, 2016. 2. Approve the Financial Report and Payment of Bills for February 2016 on Resolution 2016 -07. Questions by Members: Herringer asked what the payment to Carlson McCain was for. Dahl stated that is for finishing some of the environmental remediation work that was started in 2004. Motion by Nawrocki, seconded by Szurek, to waive the reading of Resolution 2016 -07 there being an ample amount of copies available to the public. All ayes. MOTION PASSED. Motion by Nawrocki , seconded by Szurek to approve the consent agenda as presented. All ayes. MOTIONPASSED. RESOLUTION NO. 2016-07 A Resolution of the Economic Development Authority of Columbia Heights, Minnesota, Approving the Financial Statements for Month of February, 2016 and the Payment of the Bills for the Month of February, 2016. 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 EDA Minutes Page 2 April 4, 2016 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 February, 2016 has been reviewed by the EDA Commission; and WHEREAS, the EDA has examined the financial statements and finds them to be acceptable as to both form and accuracy; and WHEREAS, the EDA Commission has other means to verify the intent of Section 469.096, Subd. 9, including but not limited to Comprehensive Annual Financial Reports, Annual City approved Budgets, Audits and similar documentation; and WHEREAS, financials statements are held by the City's Finance Department in a method outlined by the State of Minnesota's Records Retention Schedule, NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic Development Authority that it has examined the referenced financial statements including the check history, and they are found to be correct, as to form and content; and BE IT FURTHER RESOLVED the financial statements are acknowledged and received and the check history as presented in writing is approved for payment out of proper funds; and BE IT FURTHER RESOLVED this resolution is made a part of the permanent records of the Columbia Heights Economic Development Authority. Passed this 4th day of April, 2016. Motion by: Nawrocki Seconded by: Szurek BUSINESS ITEM 1. Ratifying the Approval of a Second Amended and Restated Contract for Private Redevelopment with the City of Columbia Heights and Columbia Heights Leased Housing Associates I, LLP- Resolution 2016 -08 Dahl stated that on October 12, 2015, the Economic Development Authority authorized the execution of the Second Amended and Restated Contract for Private Development at Huset Park with Columbia Heights Leased Housing Associates I, LLLP (Dominium). The contract was approved, contingent upon that no modifications affect the substance of the transaction. Before the contract was executed, Dominium proposed a modification to incorporate additional language, a new Section 3.5(b) relating to the refunding of the EDA's outstanding Tax Increment Revenue Bond, series 2007. This additional language constitutes a modification to the substance of the transaction, which requires approval by the EDA and the City. EDA Minutes Page 3 April 4, 2016 Previously, during negotiations the City, the EDA and Dominium discussed the possibility of refunding the EDA's Bonds, which were originally issued to finance the public infrastructure for the Huset Park development. The Bonds are secured by a first - priority pledge of tax increment from the TIF District. The EDA also issued a TIF Note to the original redeveloper, which has been assigned to Dominium. The TIF Note is also secured by tax increment, but on a subordinate basis to the Bonds. If the Bonds are refunded at a lower interest rate, less increment will be required to pay debt service on the Bonds, which will result in a greater amount of left- over increment available to pay the principal and interest on the TIF Note. At the time the EDA and City approved the Second Amended and Restated Contract for Private Redevelopment, the parties had not come to an agreement on the refunding of the Bonds, and therefore the refunding concept was not included in the contract. At the beginning of 2016, however, the Redeveloper expressed renewed interest in the refunding. The parties have negotiated a new Section 3.5(b) to the contract adding the following: The EDA will issue refunding bonds to achieve debt service savings. The Redeveloper will pay all costs associated with the issuance of the refunding bonds. The Redeveloper will pay an administrative fee of $100,000 to the EDA, to be deposited into a redevelopment fund designated by the EDA and the City. Staff recommends ratifying the approval to the Second Amended and Restated Development Contract for Private Development between the Economic Development Authority, the City of Columbia Heights and Columbia Heights Leased Housing Associates I, LLLP. A copy of the Amended Contract was given to the members for review prior to the meeting and is on file. Questions from Members: Fehst asked how much was being re- financed. Kloiber stated that 2.475 million is being re- financed out of the original 2.9 million that began in 2007. Kloiber went on to say that because this bond is generating a lower interest amount, the administrative fee of $100,000 payable to the EDA was part of the negotiated agreement. Nawrocki asked what happens if the debt service is not paid. Fehst stated that it is not the City's responsibility to make the payments. Nawrocki then asked how many years were left on the re- payment schedule. Hogeboom stated the original bonds were issued in 2007 for 20 years. So there is 11 -12 years left. Nawrocki asked what the taxes would be once the building is finished if it wasn't in the TIF District. Hogeboom said he would get Nawrocki that figure. Fehst reminded members that if the site had not been in a TIF District, redevelopment probably would never have happened since it enabled the City to qualify for grant funds to assist with the clean - up of the site. EDA Minutes Page 4 April 4, 2016 Kloiber said even if Dominium or Shafer Richardson weren't involved, the re- financing of the bonds would still be on the table to lower the interest rate. Herringer asked if the time table for it to come off the TIF status remains the same. Kloiber said it did. Kloiber also explained to members how the City receives the funds and then the funds are applied to the "Pay as you Go" notes, which is in the City's best interest overall. Schmitt asked when we get the $100,000 in administrative fees. Hogeboom stated at the time of the re- financing. Szurek asked when the ground breaking would be. Hogeboom stated they want to start mid - May. Motion by Szurek, seconded by Williams, to waive the reading of Resolution 2016 -08, there being ample copies available to the public. All ayes. MOTIONPASSED. Motion by Szurek, seconded by Williams, to adopt Resolution 2016 -08, Resolution Ratifying the Approval a Second Amended and Restated Contract for Private Redevelopment between the Columbia Heights Economic Development Authority, the City of Columbia Heights, and Columbia Heights Leased Housing Associates I, LLLP for the "Redeveloper Parcels" at Huset Park Senior Living. All ayes. MOTION PASSED. COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 2016-08 RESOLUTION RATIFYING APPROVAL OF A SECOND AMENDED AND RESTATED CONTRACT FOR PRIVATE REDEVELOPMENT BETWEEN THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY, THE CITY OF COLUMBIA HEIGHTS AND COLUMBIA HEIGHTS LEASED HOUSING ASSOCIATES I, LLLP BE IT RESOLVED By the Board of Commissioners ( "Board ") of the Columbia Heights Economic Development Authority ( "Authority ") as follows: Section 1. Recitals. 1.01. The Authority, the City of Columbia Heights (the "City "), and Columbia Heights Leased Housing Associates I, LLLP (the "Developer ") have negotiated a Second Amended and Restated Contract for Private Redevelopment (the "Contract ") to allow for the redevelopment of certain property originally included in a Contract for Private Redevelopment between the City, Authority, and Shafer Richardson dated as of October 25, 2004, as previously amended and restated (the "Prior Contract "), regarding redevelopment of certain property within the City located in the area known as Huset Park (the "Redevelopment Property"). EDA Minutes Page 5 April 4, 2016 1.02. The Authority previously approved the Contract on October 12, 2015, subject to modifications that do not alter the substance of the transaction, and the Redeveloper has acquired the Redevelopment Property, but the Contract has not been fully executed. 1.03. The Authority, the City and the Redeveloper have proposed to modify Section 3.5 of the Contract to allow for the refunding of the Authority's outstanding Tax Increment Revenue Bonds, Series 2007, to achieve debt service savings. This revision constitutes a modification that alters the substance of the transaction, and as such requires the approval of the Authority and City. 1.04. The Board has reviewed the Contract as proposed to be revised and finds that the execution thereof and performance of the Authority's obligations thereunder are in the best interest of the City and its residents. Section 2. Authority Ratification of Annroval: Further Proceedin¢s. 2.01. The Contract as presented to the Board is hereby in all respects approved, subject to modifications that do not alter the substance of the transaction and that are approved by the President and Executive Director, provided that execution of the documents by such officials shall be conclusive evidence of approval. 2.02. The President and Executive Director are hereby authorized to execute on behalf of the Authority the Contract and any documents referenced therein requiring execution by the Authority, and to carry out, on behalf of the Authority its obligations thereunder. Approved by the Board of Commissioners of the Columbia Heights Economic Development Authority this 4th day of April, 2016. President ATTEST: Secretary EDA Minutes Page 6 April 4, 2016 There was no other business to discuss. The meeting was adjourned at 7:00 pm. Respectfully submitted, Shelley Hanson, Secretary ECONOMIC DEVELOPMENT AUTHORITY (EDA) MINUTES OF THE MEETING OF MAY 2, 2016 The meeting was called to order at 6:30 pm by Gary Peterson. Members Present: Donna Schmitt, Gary Peterson, John Murzyn, Marlaine Szurek, Bobby Williams, Bruce Nawrocki and Gerry Herringer Staff Present: Walt Fehst, Joseph Hogeboom, Keith Dahl, and Shelley Hanson. PLEDGE OF ALLEGIANCE- RECITED CONSENTITEMS 1. Approve the Minutes from April 4, 2016. —The minutes were not included in the agenda packets, therefore they could not be approved at this meeting. 2. Approve the Financial Report and Payment of Bills for March 2016 on Resolution 2016 -09. Ouestions by Members: There were no questions. Motion by Nawrocki, seconded by Williams, to waive the reading of Resolution 2016 -09 there being an ample amount of copies available to the public. All ayes. MOTION PASSED. Motion by Nawrocki, seconded by Williams, to approve the Financial Report and Payment of Bills for March as presented. All ayes. MOTIONPASSED. RESOLUTION NO. 2016-09 A Resolution of the Economic Development Authority of Columbia Heights, Minnesota, Approving the Financial Statements for Month of March, 2016 and the Payment of the Bills for the Month of March, 2016. 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 EDA Minutes Page 2 May 2, 2016 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 March, 2016 has been reviewed by the EDA Commission; and WHEREAS, the EDA has examined the financial statements and finds them to be acceptable as to both form and accuracy; and WHEREAS, the EDA Commission has other means to verify the intent of Section 469.096, Subd. 9, including but not limited to Comprehensive Annual Financial Reports, Annual City approved Budgets, Audits and similar documentation; and WHEREAS, financials statements are held by the City's Finance Department in a method outlined by the State of Minnesota's Records Retention Schedule, NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic Development Authority that it has examined the referenced financial statements including the check history, and they are found to be correct, as to form and content; and BE IT FURTHER RESOLVED the financial statements are acknowledged and received and the check history as presented in writing is approved for payment out of proper funds; and BE IT FURTHER RESOLVED this resolution is made a part of the permanent records of the Columbia Heights Economic Development Authority. Passed this 2nd day of May, 2016. Motion by: Nawrocki Seconded by: Williams Mayor Peterson then introduced Tony Rendle and his Fiancee,Sally, who have expressed an interest in the property located at 4303 Reservoir Blvd. Mr. Rundle told members he would like to construct a rambler style home on the property and already has a builder in mind to work with. He would like to have a home completed on that site by fall. He feels this type of home would fit nicely in with the surrounding homes in the area. He stated that he grew up in Columbia Heights, is very active in community events, and wants to build a home he can stay in long term. He chooses not to use Timbercraft as his builder so has not approached him directly. EDA Minutes Page 3 May 2, 2016 BUSINESS ITEM 1. Dismissal or Approval of the EDA's Right of Reverter for the Real Property located at 4303 Reservoir Blvd NE, Columbia Heights, MN — Resolution 2016 -10 On January 31, 2014, the Columbia Heights Economic Development Authority (EDA) and Timbercraft Enterprises, Inc. (Timbercraft) executed a Purchase and Redevelopment Agreement for 4303 Reservoir Boulevard NE, Columbia Heights, MN 55421. The Purchase and Redevelopment Agreement obligated Timbercraft to substantially complete construction by August 31, 2014 or the EDA would have the right to re -enter and take possession of the property. At the time of purchase, Timbercraft had a buyer eager to build a single family home, however due to unfortunate circumstances, the buyer fell through. Timbercraft began to market the property in hopes of finding a buyer interested in building a single family home. As of August 31, 2014, Timbercraft had failed to substantially complete construction, which gives the EDA a legal right to terminate the conveyance of the property at any time. In order for the EDA to re -enter and take possession of the property, a written demand had to be sent to Timbercraft explaining the specified situation that needs to be corrected within 30 days. However, this option was not executed in 2014 because it was in the EDA's best interest for Timbercraft to continue to own the lot, thereby paying for marketing expenses, property maintenance, and taxes. Due to Mr. Rendle's request, staff was directed to initiate the reverter clause outlined in the Purchase and Redevelopment Agreement with Timbercraft. Staff contacted Timbercraft to inquire about the status of the property to determine if an interested buyer is involved. It was discovered that Timbercraft has been working with an interested buyer since the beginning of November 2015, although it is unknown whether an actual Purchase Agreement between the perspective buyer and Timbercraft exists. Therefore, staff was directed to send a written letter to Timbercraft demanding the procurement of a Purchase Agreement with their interested buyer before the May 2, 2016 EDA meeting. Therefore, the EDA must decide whether or not to execute the reverter clause for the property located at 4303 Reservoir Blvd. NE pursuant of Section 15 of the Purchase and Redevelopment Agreement between the EDA and Timbercraft. By approving Resolution 2016 -10, the EDA will effectively start the process of re- taking the property. As part of this process, the EDA must reimburse $35,000 to Timbercraft, which was the initial purchase price of the lot. Staff presented a couple of options for the EDA to consider and asked the EDA for direction on what action they want staff to pursue. EDA Minutes Page 4 May 2, 2016 CLOSED SESSION -The meeting was adjourned to a Closed Session at 6:38 pm to discuss the EDA's Right of Reverter for the property located at 4303 Reservoir Blvd NE. The meeting re- convened at 7:22 pm. Hogeboom explained the reason the EDA adjourned into a closed session was due to legal obligations to the various parties. He said there was a request brought to the Board regarding a specific property that is not currently owned by the EDA, and there was also an existing agreement regarding this same property between parties that again do not involve the EDA directly, and these are confidential in nature. Motion by Szurek, seconded by Murzyn to direct staff to pursue legal action to exercise the reverter clause as allowed in our agreement with Timbercraft on June 16th if building plans have not been submitted for review by 4 pm on June 15, 2016 for the property located at 4303 Reservoir Blvd NE. All ayes. MOTIONPASSED. COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 2016 -10 RESOLUTION APPROVING THE EXERCISE OF THE EDA'S RIGHT OF REVERTER IN CONNECTION WITH A PARCEL IN THE CITY- WIDE SCATTERED SITE HOUSING TAX INCREMENT FINANCING DISTRICT WITHIN THE CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT OF THE CITY OF COLUMBIA HEIGHTS. WHEREAS, on October 10, 2011, the City of Columbia Heights (the "City ") approved creation by the Columbia Heights Economic Development Authority ( "EDA ") of the City -Wide Scattered Site Housing Tax Increment Financing District (the "TIF District ") within its Central Business District Redevelopment Project (the "Project "), by approval of a tax increment financing plan (the "TIF Plan) for the TIF District; and WHEREAS, the EDA and Timbercraft Enterprises, Inc. (the "Purchaser ") entered into a Purchase and Redevelopment Agreement dated January 31, 2014 (the "Contract") for conveyance to the Purchaser and development by the Purchaser of a parcel within the TIF District located at 4303 Reservoir Boulevard NE in the City and described as follows: Lot 4, Block 4, Auditor's Subdivision of Walton's Second Subdivision of Reservoir Hills, Anoka County, Minnesota referred to as the "Subject Parcel;" and EDA Minutes Page 5 May 2, 2016 WHEREAS, pursuant to the Contract, the Purchaser was required to complete construction of certain Minimum Improvements (as defined in the Contract) within one year of the date of sale of the Subject Parcel, or by February 14, 2015, and any failure to complete such construction constitutes an event of default under the Contract; and WHEREAS, paragraph 15 of the Contract provides that upon 30 days' notice to the Purchaser of an event of default due to failure to construct the Minimum Improvements, the EDA may exercise its right to re -enter and take possession of the Subject Parcel and to revest in the EDA the fee title to the Subject Parcel; and WHEREAS, as of the date hereof, the Purchaser has not commenced construction of the Minimum Improvements, and has been advised that such failure is an event of default pursuant to the Contract through the receipt of a notice of default delivered by EDA staff on March 28, 2016; and WHEREAS, the EDA has determined that it is in the best interest of the City to exercise its statutory and contractual right of reverter, as permitted under Minnesota Statutes, Sections 469.090 to 469.1081 (the "EDA Act "), particularly Section 469.105, subd. 5, and under paragraph 15 of the Contract. NOW THEREFORE, BE IT RESOLVED by the board of commissioners of the EDA as follows: 1. The EDA approves the exercise of its right of reverter pursuant to the Contract and EDA Act on June 16, 2016, if building plans are not submitted for review by 4 pm on June 15, 2016. 2. EDA staff are authorized and directed to work with EDA legal counsel to take such actions are required to perfect its right of reverter, including without limitation the drafting and filing of any proceedings in district court and, if determined to be necessary, the removal of the Subject Parcel from the TIF District. ADOPTED: May 2nd , 2016 President ATTEST: Secretary/Treasurer EDA Minutes Page 6 May 2, 2016 2. Adoption of Minnesota General Records Retention Schedule for Cities- Resolution 2016 -11 The State of Minnesota has provided a "General Records Retention Schedule for Minnesota Cities" which establishes minimum retention periods for municipal records based on the administrative, fiscal, legal and historical value of the records. The General Records Retention Schedule for Minnesota Cities was updated by the Minnesota Clerks and Finance Officers Association (MCFOA) in July, 2013. In March, the City Council adopted the General Records Retention Schedule for Minnesota Cities as the official data management rules and regulations for the City of Columbia Heights. Because the City now uses a standardized record retention schedule, the City Clerk and the Finance Director have recommended that the Economic Development Authority (EDA) adopt the same retention schedule. A copy of the General Records Retention Schedule for Minnesota Cities is attached for your reference. Staff recommends adoption of General Records Retention Schedule for Minnesota Cities by approval of Resolution 2016 -11. uestions from Members: Schmitt asked when the HRA would meet to adopt this schedule and pass the new by -laws. Hogeboom told members he had reached out to Chair Diehm to see when she would be available. He is hoping to schedule a meeting in June or July sometime. Motion by Williams, seconded by Nawrocki to waive the reading of Resolution 2016 -11, there being ample copies available to the public. All ayes. MOTIONPASSED. Motion by Williams, Seconded by Nawrocki, to adopt Resolution 2016 -11, Resolution Adopting the General Records Retention Schedule for Minnesota Cities. All ayes. MOTION PASSED. RESOLUTION NO. 2016-11 A Resolution Adopting the Minnesota General Records Retention Schedule for Cities WHEREAS, to comply with the Records Management Statute MS 138.17, it is necessary to adopt a plan for managing governmental records including the proper retention and disposal of municipal records; and EDA Minutes Page 7 May 2, 2016 WHEREAS, the Records Management Statute MS 138.17 establishes the Records Disposition Panel and requires all government entities to follow an orderly process in retaining and disposing of government information; and WHEREAS, the State of Minnesota has approved for use by all Minnesota Cities the "Minnesota General Records Retention Schedule for Cities" which authorizes cities adopting said schedule an orderly method of disposing of municipal records; and WHEREAS, the "Minnesota General Records Retention Schedule for Cities" is regularly updated. NOW THEREFORE BE IT RESOLVED that the Economic Development Authority of Columbia Heights, Minnesota hereby adopts the Minnesota General Records Retention schedule and directs the Executive Director and the Columbia Heights City Clerk to notify the Minnesota Historical Society /State Archives Department. BE IT FURTHER RESOLVED that following state approval, the Economic Development Department is directed to provide for retention and destruction of records as set forth in said schedule and its subsequent revisions. BE IT FURTHER RESOLVED this resolution is made a part of the permanent records of the Columbia Heights Economic Development Authority. ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Passed this Offered by: Williams Seconded by: Nawrocki Roll Call: All ayes of May Gary L. Peterson, President Attest: The meeting was adjourned at 7:30 pm. Respectfully submitted, Shelley Hanson Secretary RESOLUTION NO. 2016-12 A Resolution of the Economic Development Authority of Columbia Heights, Minnesota, Approving the Financial Statements for the Month of April, 2016 and the Payment of the Bills for the Month of April, 2016. 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 April, 2016 have been reviewed by the EDA Commission; and WHEREAS, the EDA has examined the financial statements and finds them to be acceptable as to both form and accuracy; and WHEREAS, the EDA Commission has other means to verify the intent of Section 469.096, Subd. 9, including but not limited to Comprehensive Annual Financial Reports, Annual City approved Budgets, Audits and similar documentation; and WHEREAS, financials statements are held by the City's Finance Department in a method outlined by the State of Minnesota's Records Retention Schedule, NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic Development Authority that it has examined the referenced financial statements including the check history, and they are found to be correct, as to form and content; and BE IT FURTHER RESOLVED the financial statements are acknowledged and received and the check history as presented in writing is approved for payment out of proper funds; and BE IT FURTHER RESOLVED this resolution is made a part of the permanent records of the Columbia Heights Economic Development Authority. 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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 April, 2016 have been reviewed by the EDA Commission; and WHEREAS, the EDA has examined the financial statements and finds them to be acceptable as to both form and accuracy; and WHEREAS, the EDA Commission has other means to verify the intent of Section 469.096, Subd. 9, including but not limited to Comprehensive Annual Financial Reports, Annual City approved Budgets, Audits and similar documentation; and WHEREAS, financials statements are held by the City's Finance Department in a method outlined by the State of Minnesota's Records Retention Schedule, NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic Development Authority that it has examined the referenced financial statements including the check history, and they are found to be correct, as to form and content; and BE IT FURTHER RESOLVED the financial statements are acknowledged and received and the check history as presented in writing is approved for payment out of proper funds; and BE IT FURTHER RESOLVED this resolution is made a part of the permanent records of the Columbia Heights Economic Development Authority. ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Passed this day of 12016 Offered by: Seconded by: Roll Call: Gary L. Peterson, President Attest: Shelley Hanson, Secretary Resolution 2016 -12 CH COLUMBIA HEIGHTS AGENDA SECTION BUSINESS ITEMS ITEM NO. 6 MEETING DATE JUNE 6, 2016 CITY OF COLUMBIA HEIGHTS - ECONOMIC DEVELOPMENT AUTHORITY ITEM: Discussion of Refunding Bonds for Huset Park Development DEPARTMENT: Community Development CITY MANAGER'S APPROVAL: BY /DATE: Joe Hogeboom, June 1, 2016 BY /DATE: Martha Ingram, Economic Development Authority Bond Attorney, will be on hand to discuss this item. Ms. Ingram has prepared a report that explains the procedure in more detail. The Economic Development Authority and the City Council will be formally asked to consider this item on June 13`h. ATTACHMENTS: 1. Memorandum from Martha Ingram dated June 1, 2016 (3 pages) City of Columbia Heights - EDA Letter Kennedy Graven CHARTERED 470 US Bank Plaza 200 South Sixth Street Minneapolis MN 55402 (612) 337 -9300 telephone (612) 337 -9310 far http: //w .kennedy- graven.com MEMORANDUM TO: Joe Hogeboom and Joe Kloiber, Board of Commissioners of the Columbia Heights Economic Development Authority FROM: Martha Ingram, EDA Counsel DATE: June 1, 2016 RE: Summary of Refunding Bonds for Huset Park Development You have requested a brief history of the Columbia Heights Economic Development Authority's $2,890,000 Tax Increment Revenue Bonds ( Huset Park Area Redevelopment Project), Series 2007, which currently remain outstanding in the amount of $2,475,000 (the "Current Bonds "), as well as a summary of the process required to refund the Current Bonds. The Current Bonds were issued in connection with certain public infrastructure improvements constructed as part of the Huset Park Tax Increment Financing District (the "TIF District"), pursuant to the Amended and Restated Contract for Private Redevelopment between the Columbia Heights Economic Development Authority (`EDA "), the City of Columbia Heights ( "City "), and BNC National Bank, as successor in interest to Huset Park Development Corporation ( "BNC "), dated as of August 1, 2007, as amended (the "Prior Contract "), and pursuant to the Second Amended and Restated Contract for Private Redevelopment between the EDA, the City, and Columbia Heights Leased Housing Associates I, LLLP (the "Redeveloper "), dated as of October 30, 2015 (the "Contract "). A. Current Bonds under Prior Contract The EDA issued the Current Bonds pursuant to the Prior Contract. The EDA pledged tax increment generated by all improvements to be constructed on the Redevelopment Property to the payment of debt service on the Current Bonds. The Current Bonds were issued after the first phases of construction required under the Prior Contract were complete, and the par amount of the Current Bonds was based on the flow of tax increment generated by the completed phases, such that tax increment generated by 480532vl MNI CL205 -63 the completed phases of construction has always been sufficient to pay principal and interest in full on each payment date. The EDA also issued its Taxable Tax Increment Revenue Note, Series 2007A, in the principal amount of $6,650,000 (the "TIF Note ") to Huset Park Development Corporation ( "HPDC "), to reimburse HPDC for certain public redevelopment costs incurred by HPDC in development of the housing improvements within the TIF District. Like the Current Bonds, the TIF Note is also secured by tax increment generated within the TIF District, but on a subordinate basis to the Current Bonds. Since HPDC defaulted under the Prior Contract and never completed any improvements beyond the first phases, there has not been enough tax increment generated within the TIF District to pay any debt service on the TIF Note. Therefore, the TIF Note remains outstanding in the full original principal amount. The TIF Note was assigned to the Redeveloper on October 30, 2015 at the real estate closing on the Redevelopment Property from BNC to the Redeveloper, and is now held by the Redeveloper. B. Proposed Refunding of Current Bonds under Contract The Contract with the Redeveloper, which the EDA and City Council approved in April of this year, provides that the EDA will agree to refund the Current Bonds if requested by the Redeveloper (see pertinent language in the attached Exhibit A). The Redeveloper has now made this request. Refunding the Current Bonds is financially beneficial to the Redeveloper because bonds issued to refund the Current Bonds (the "Refunding Bonds ") will carry lower interest rates, which means that the debt service payments on the Refunding Bonds will be lower. This will result in some tax increment remaining after payment on the Refunding Bonds, which will be used to pay down the TIF Note (in addition, you will recall that the Contract requires the Redeveloper to construct a senior housing facility within the TIF District, which will generate additional tax increment that will also be used to pay principal and interest on the TIF Note). The Redeveloper recognizes that refunding the Current Bonds primarily benefits the Redeveloper, and has therefore agreed to pay all actual costs of issuance related to the issuance of the Refunding Bonds. The EDA will not pay any costs related to the refunding. In addition, the Redeveloper will pay an administrative fee of $100,000 to the EDA to be allocated to other redevelopment purposes within the City. The Redeveloper has engaged Dougherty & Company as underwriter (i.e. purchaser) for the Refunding Bonds. In order to refund the Current Bonds, the EDA must adopt a resolution awarding the sale of the Refunding Bonds to Dougherty and approving several documents required in connection with the refunding, and the EDA's action must be approved by the City Council. These actions are scheduled for consideration by the EDA and City Council on June 13, 2016, and the various underlying documents will be included in EDA and City Council packets prior to these meetings. Both Stacie Kvilvang from Ehlers & Associates, the City and EDA's municipal advisor, and I will be present at both the June 6 and June 13 meetings to answer any questions the EDA and/or City Council may have about the legal documents, the financial aspects of the process, or the contractual arrangement providing for this refunding. 480532vl MNI CL205 -63 2 Exhibit A Refunding Provisions of Second Amended and Restated Contract for Private Redevelopment Section 3.5. Series 2007 Bonds: Refunding Bonds. (a) Pursuant to the Original Contract, the Authority issued its tax exempt Tax Increment Revenue Bonds, Series 2007 (Huset Park Area Redevelopment Project), in the principal amount of $2,890,000 (the "Series 2007 Bonds "). Proceeds of the Series 2007 Bonds were used to reimburse the Original Developer for a portion of the Public Redevelopment Costs incurred by the Original Developer. (b) In conjunction with execution of this Agreement, the Authority will refund the Series 2007 Bonds to achieve debt service savings (such refunding bonds hereinafter referred to as the "Refunding Bonds "), which will result in increased Available Tax Increment available for principal and interest payments to the Redeveloper under the Note. The Redeveloper agrees that after adoption by the Authority of a resolution approving the sale of the Refunding Bonds and no later than ten business days prior to the date of closing on the Refunding Bonds, the Redeveloper will pay to the Authority the following: (i) an administrative fee of $100,000, which will be deposited into a legally authorized redevelopment fund to be designated by the Authority or City; and (ii) funds in the amount of the total actual costs of issuance (including underwriter's discount) of the Refunding Bonds. To evidence the costs of issuance, the Authority will provide to the Redeveloper an itemized detail of actual costs of issuance as determined by the Authority's fiscal advisor. A -1 480532v1 MNI CL205 -63 CH COLUMBIA HEIGHTS AGENDA SECTION BUSINESS ITEMS ITEM NO. 7 MEETING DATE JUNE 6, 2016 CITY OF COLUMBIA HEIGHTS - ECONOMIC DEVELOPMENT AUTHORITY ITEM: Conveyance of Certain Real Property from the EDA to the City DEPARTMENT: Community Development CITY MANAGER'S APPROVAL: BY /DATE: Keith M Dahl, May 6, 2016 BY /DATE: BACKGROUND: Over the years, the Columbia Heights Economic Development Authority (EDA) has acquired property within the City of Columbia Heights for economic development purposes. The property that the EDA acquires is exempt from property tax under Minnesota Statues, Section 272.02, Subdivision 39 for a specified amount of time. The EDA will start paying property taxes at the end of the applicable exemption period. If the EDA determines that the redevelopment for a specific property will take longer than the exemption period or the EDA determines to utilize specific property for City use, it is in the EDA's best interest to transfer title of certain properties to the City of Columbia Heights. Staff has identified seven properties that are in the EDA's best interest to transfer title because these seven properties have been dedicated for municipal use by the City; these properties are as followed: 825 41st Ave. PID: 35- 30 -24 -14 -0151 837 41st Ave. PID: 35- 30 -24 -14 -0155 894 42nd Ave. PID: 35- 30 -24 -14 -0157 4301 Quincy St. 839 41st Ave. 828 40th Ave. 1309 Circle Terrace Blvd. PID: 35- 30 -24 -14 -0159 PID: 35- 30 -24 -14 -0160 PID: 35- 30 -24 -41 -0114 PID: 36- 30 -24 -24 -0025 STAFF RECOMMENDATION: Staff recommends approval of Resolution 2016 -13, a resolution authorizing the conveyance of the aforementioned, EDA owned, properties to the City. RECOMMENDED MOTION(S): Motion: Move to waive the reading of Resolution 2016 -13, there being ample copies available to the public. Motion: Move to adopt Resolution 2016 -13, Resolution authorizing the conveyance of certain property by the Columbia Heights Economic Development Authority to the City of Columbia Heights. ATTACHMENTS: 1. Resolution 2016 -13 City of Columbia Heights - EDA Letter COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 2016-13 RESOLUTION AUTHORIZING THE CONVEYANCE OF CERTAIN PROPERTY BY THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY TO THE CITY OF COLUMBIA HEIGHTS BE IT RESOLVED By the Board of Commissioners ( "Board ") of the Columbia Heights Economic Development Authority ( "Authority") as follows: Section 1. Recitals. 1.01. The Authority owns certain property (the "Property ") located in the City of Columbia Heights (the "City"). A description of the Property is attached as Exhibit A. 1.02. The City has constructed a public works facility on five of the parcels making up the Property, a community garden on the sixth parcel, and a children's playground on the seventh. 1.03. The Property thus having been dedicated to municipal uses by the City, the Authority has determined that it is in the best interest of the Authority and City that the Authority convey the Property to the City. Section 2. Authority Aonroval; Further Proceedings. 2.01. The Authority hereby approves the conveyance of the Property to the City, to be held by the City for its municipal purposes. 2.02. The President and Executive Director are hereby authorized to execute on behalf of the Authority any documents required to cant' out, on behalf of the Authority, the conveyance of the Property, including without limitation any deed. Approved by the Board of Commissioners of the Columbia Heights Economic Development Authority this 6th day of June, 2016. President ATTEST: Secretary 479194A CL205 -3 Property Public safety facility: Lot 1, Block 1, Northwestern 2nd Addition, Anoka County, Minnesota Outlots A, C, E, and F, Northwestern 2nd Addition, Anoka County, Minnesota 825 41" Avenue, RID No. 35- 30 -24 -14 -0151 837 41" Avenue, PID No. 35- 30 -24 -14 -0155 894 42nd Avenue, PID No. 35- 30 -24 -14 -0157 4301 Quincy Street, PID No. 35- 30 -24 -14 -0159 839 41s` Avenue, PID No. 35- 30 -24 -14 -0160 Community garden: Lots 47 and 48, Block 63, Columbia Heights Annex to Minneapolis, Anoka County, Minnesota 828 4& Avenue, PID No. 35 -30 -24-41 -0114 Children's playground: Lot 25, Block 52, Columbia Heights Annex to Minneapolis, Anoka County, Minnesota. (Abstract) And Lot 21, Block 18, Columbia Heights Annex to Minneapolis, Anok a County, Minnesota. (Abstract) And Lots 10 and 11, Rearrangement of Block "E ", Columbia Heights Annex to Minneapolis, Anoka County, Minnesota, Except that part of Lot 11, Rearrangement of Block "E" Columbia Heights Annex to Minneapolis, described as follows: Beginning at point of intersection of the West line of State Highway 56 as now laid out and constructed, said point being 351.1 feet Northeasterly along the Northwesterly line, Lot 11, Rearrangement of Block E, Columbia Heights Annex from the most Westerly comer thereof then South along West line of said highway right of way, a distance of 85 feet then West at right angles a distance 90 feet thence North at right angles to the North Westerly line of said Lot 11 thence Northeast along the said Northwesterly line of Lot 11, a distance of 99.1 feet more or less to the point of beginning. Also except that part of Lot 11, Rearrangement of Block "E ", Columbia Heights Annex to Minneapolis, described as follows: Commencing at the point of intersection of the West line of State Highway No. 56, as now laid out and constructed, said point being 351.1 feet Northeasterly along the Northwesterly line of said Lot 11, from the most Westerly corner thereof, thence South along the West line of said Highway right of way a distance of 85 feet, thence West at right angles a distance of 90 feet to the actual point of beginning of the tract to be hereby described; thence continuing West on last mentioned line a distance of 94.24 feet, more or less to its intersection with the Northwesterly line of said Lot 11; thence Northeasterly along the Northwesterly line of said Lot 11 to its intersection with a line drawn North from the actual point of beginning, said line being at right angles to the South line of said tract, thence South along last mentioned line to the actual point of beginning. A -1 479194A CL205 -3 Also except that part of Lot 11, Rearrangement of Block "E ", Columbia Heights Annex to Minneapolis, described as follows: Beginning at a point on the Northwesterly lot line of said Lot 11, Rearrangement of Block "E ", Columbia Heights Annex to Minneapolis, distant 177.9 feet Northeasterly, as measured along the Northwesterly line of said Lot 11, from the most Westerly corner of said Lot 11; thence Southwesterly a distance of 165 feet more or less, to a point on the Southwesterly line of said Lot 11, which point is distant 117.3 feet Southeasterly as measured along said Southwesterly lot line, from the most Westerly comer thereof; thence Northwesterly along said Southwesterly lot line to the most Westerly corner of said Lot 11; thence Northeasterly along said Northwesterly line of said Lot 11, a distance of 177.9 feet to the point of beginning. Also except that part of Lots 10 and 11, Rearrangement of Blocks "E" Columbia Heights Annex to Minneapolis which lies Easterly of a line run parallel with a distant 119 feet Westerly of the following described line: Beginning at a point on the North line of Section 35, Township 30, Range 24, distant 1270.16 feet East of the Northwest corner thereof; thence run southerly at an angle of 90 degrees 18' 30" with said North Section line (when measured from the West to South) for 734.8 feet; thence deflect to the right at an angle of 2 degrees 30' for 458.51 feet; thence deflect to the left at an angle of 2 degrees 30' for 1606.56 feet; thence deflect to the left at an angle of 4 degrees 17'45" for 572.61 feet; thence deflect to the right at an angle of 2 degrees 00% for 689.93 feet; thence deflect to the right on a O degrees 30% curve (delta angle 2 degrees 00') for 400 feet and there terminating. (Abstract) And Lot 13, in Block 47, Columbia Heights Annex to Minneapolis, Anoka County, Minnesota. (Abstract) And The South 30 feet of Lot 22, Block 45, Columbia Heights Annex to Minneapolis, Anoka County, Minnesota. (Abstract) And Lot 3, Block 12, Columbia Heights Annex to Minneapolis, Anoka County, Minnesota. (Abstract) And Lot 4, Block 4, Auditor's Subdivision of Walton's Second Subdivision of Reservoir Hills, Anoka County, Minnesota. (Abstract) And Lot 7, Block 4, Walton's 1 st Subdivision of Reservoir Hills, Anoka County, Minnesota. (Abstract) And Lot 6, Block 4, Waltons 1 st Subdivision of Reservoir Hills, according to the recorded plat thereof, Anoka County, Minnesota. (Abstract) And The North 10 feet of Lot 23, and all of Lot 24, Block 31, Columbia Heights Annex to Minneapolis, Anoka County, Minnesota. (Abstract) 479194v1 CL205 -3 And Lot 14, Block 4, Gillette's Annex to Columbia Heights, Anoka County, Minnesota. (Abstract) And South One -half (S 1/2) of Lot 2 thereof, and all of Lot 3, Block 2, Sheffield's Second Subdivision, Anoka County, Minnesota, according to the recorded plat thereof on file and of record in the office of the Registrar of Titles, Anoka County, Minnesota. (Torrens) And Lot 5, except the North 35 feet thereof, all of Lot 6, and the North One -half (N 1/2) of Lot 7, in Block 2, Sheffield's Second Subdivision, Anoka County, Minnesota according to the plat thereof on file in the office of the Registrar of Titles of said Anoka County, Minnesota. (Torrens) And Lot 13, except the North Half (N 1/2), and the North 30 feet of Lot 14, Block 2, Sheffield's Second Subdivision, all according to the plat thereof on file in the office of the Registrar of Titles of said County. (Torrens) And Lot 14, except the North 30 feet thereof, and Lot 15, Block 2, Sheffield's Second Subdivision, Anoka County, Minnesota. (Torrens) And Lot 4, Block 1, Parkview Terrace, according to the plat on file in the office of the Registrar of Titles, Anoka County, Minnesota. (Towns) And That part of Lot 9, Block 1, lying East of the West line of former Lot 43, Block 4, Reservoir Hills, Columbia Heights, Anoka County, Minnesota all in Circle Terrace 2nd Addition, together with an easement for driveway purposes over the southwesterly 4 feet of Lot 8, Block 1, Circle Terrace 2nd Addition, Anoka County, Minnesota. (Torrens) And That part of Lot 9, Block 1, Circle Terrace 2nd Addition which lies in Lots 41 and 42, Block 4, Reservoir Hills, together with an easement for driveway purposes over the Southwesterly 4 feet of Lot 8, Block 1, Circle Terrace 2nd Addition, Anoka County, Minnesota. (Abstract) 1309 Circle Terrace Blvd., PID No. 36- 30 -24 -24 -0025 479194A CL205 -3 CH COLUMBIA HEIGHTS AGENDA SECTION OTHER ITEMS ITEM NO. 8 MEETING DATE JUNE 6, 2016 CITY OF COLUMBIA HEIGHTS — ECONOMIC DEVELOPMENT AUTHORITY ITEM: Single Family Rental Home Property Discussion DEPARTMENT: Community Development CITY MANAGER'S APPROVAL: BY /DATE: Keith M Dahl, May 24, 2016 BY /DATE: BACKGROUND: The Economic Development Authority (EDA) held a goal setting session with the Planning and Zoning Commission (P &Z) in March to review redevelopment goals within Columbia Heights. One of the goals reviewed was establishing a comprehensive housing program that will help increase values, manage and reduce the number of single family rental properties, generate a wider range of price point options and encourage reinvestment. Following direction from the EDA, staff was advised to research single - family rental housing and reconvene a separate meeting to discuss how the City can enhance neighborhood livability through more proactive management of single - family rental housing. Before the EDA tonight, staff desires to continue discussions about the single - family rental housing within Columbia Heights. There are many factors that directly and indirectly contribute to local single - family renal markets — including population, demographics, area median income (AMI), age of housing stock, and area economics. Columbia Heights experienced a surge in single - family rental housing starting in 2008 when the collapse of the housing market swept through the Twin Cities. The economic turmoil of the Great Recession displaced many homeowners as high unemployment increased the amount of foreclosures. And as foreclosures increased, Columbia Height's rental market experienced a resurgence of single - family rental housing. Since 2008, Community Development and Fire Department staff have worked in tandem to track rental property trends. The figures below were attained by Columbia Heights through the issuance of rental licenses over the years. 2015 is the most recent data calculated because the total rental permits issued cannot be attained until the end of a given year. Staff would like to note, single - family rental housing has been declining over the last few years though rental permits have gradually increased. Also, attached is the Twin Cities Metro Rental Chart for comparison of single - family rental housing metro wide. 2008 2009 2010 2011 2012 2013 2014 2015 Single - Family Permits Total Rental Permits Issued Issued Percentage of Single - Family Rental Properties 668 444 66.47% 8.16% 721 483 66.99% 8.88% 761 515 67.67% 9.47% 864 572 66.20% 10.52% 872 627 71.90% 11.53% 939 610 64.96% 11.21% 977 569 58.24% 10.46% 971 503 51.80% 9.25% *Total Single - Family Properties in Columbia Heights is 5439 City of Columbia Heights - EDA Letter City of Columbia Heights - Council Letter Page 2 Rental property trends in Columbia Heights seem to have plateaued and /or started to decrease, however rental properties are still branded with negative connotations. Community Development staff met with colleagues from the Fire Department and Police Department to discuss property maintenance concerns and crime associated with single - family rental housing. Staff's intent was to determine if these negative connotations associated with rental properties are, in fact, real problems or actually just preconceived notions. The conversations derived from the staff meeting concluded that single - family rental housing is not the real issue and incorporating more proactive management of single - family rental housing may not enhance neighborhood livability. The real issues that brand rental properties with negative connotations are, in fact, contributed to rental density and cultural barriers. Attached is Columbia Heights Single- Family Rental Housing, Crime Overlay Map to represent the correlation between crime and rental density. Tonight, staff seeks discussion with the EDA about rental housing. STAFF RECOMMENDATION: No recommendation, however staff seeks discussion from the EDA to identify different options, if any, to proceed with enhancing neighborhood livability through more proactive management of single - family rental housing. ATTACHMENTS: 1. Twin Cities Metro Rental Chart 2. Columbia Heights Single - Family Rental Housing, Crime Overlay Map CITY DETACHED HOMES AS RENTALS 2000 2000 PERCENT PERCENT DETACHED AS RENTALS 2013 PER PERCENT Andover 64 0.8% 11249 2.7% Anoka 177 4.60% 449 11.3% Apple Valley 133 1.3% 299 3% Arden Hills 52 2.6% 129 6% Belle Plaine 50 4.9% 30 1.6% Blaine 173 1.6% 646 4.7% Bloomington Brooklyn Center Pa°loklyn 521 193 286 2.40% 2.7% 1.90% 1,528 867 1,053 7.2% 12% 6.60% Burnsville 172 1.6% 534 4.9% Champlin 78 1.3% 295 4.4% Chanhassen 88 1.70% 71 1.1% Chaska 113 3.1% 414 8.5% Circle Pines Columbia Heights 12 153 0.9% 2.90% 54 610 4.10% 11.21% Columbus 19 1.5% 21 1.40% Coon Rapids 289 2% 787 5.2% Corcoran Cottage Grove ICredit River township 63 87 262 3.90% 1% 2.2% 36 378 15 2.2% 3.80% 0.9% Crystal 201 2.80% 557 8% Dayton 34 2.6% 50 3.5% Deephaven 39 2.80% 54 4.3% Eagan 233 1.8% 552 4% East Bethel 25 0.8% 173 4.5% Eden Prairie 128 1.1% 541 4.2% Edina 279 2.30% 528 4.4% Falcon 52 4.5% 75 7% Heights 11 Farmington 56 1.6% 256 4.9% Forest Lake 125 3.2% 362 7.10% Fridley Golden Valley 119 115 1.8% 1.90% 448 371 6.7% 6.2% Grant 36 2.7% 26 1.90% Ham Lake 67 1.90% 174 3.7% Hastings 178 4.4% 224 4.80% Hopkins 126 5.10% 245 9.8% Hugo 27 1.40% 80 2.7% Independence Inver Grove Heights 25 152 2.40% 2.5% 91 224 7.4% 3.40% Lake Elmo 32 1.70% 102 4.3% Lakeville 160 1.5% 353 2.6% Lino Lakes ILinwood township 67 32 1.5% 2.2% 184 160 3.40% 8.70% Little Canada 61 3.7% 42 2.7% Mahtomedi 83 3.80% 200 8.9% Maple Grove 171 1.3% 482 3.1% Maplewood to nship 179 2.1 % 548 6.2% Medina Mendota Hei g is 32 19 2.6% 0.60% 81 ]41 5.80% 4.3% Minneapolis 5,864 7.80% 10,278 13.70% Minnetonka 305 2.40% 611 4.7% Minnetrista 58 4% 64 3.1% Mound Mounds View FNew Brighton 163 28 80 5.30% 1% 1.6% 153 141 183 5.10% 5.2% 3.80% New Hope 142 3.1% 279 6.2% North Oaks North St. Paul 102 10.5% 3.1% 1100 297 0% 9.4% Nowthen 13 1.20% 90 6% Oak Grove 37 1.70% 77 3.1% Oakdale 106 1.70% 274 4.5% Orono 133 4.9% 278 9.8% Plymouth 215 1.40% 596 3.80% Prior Lake 80 1.8% 328 5.80% Ramsey 82 1.5% 302 4.5% Richfield 345 3.5% 644 7.2% Robbinsdale 174 4% 240 6% Rogers 25 1.40% 50 1.8% Rosemount 107 3% 260 4.9% Roseville 206 2.5% 593 7.2% Savage 91 1.6% 257 3.90% Scandia 39 3.2% 107 7.9% Shakopee 111 2.40% 454 6% Shoreview 103 1.6% 294 4.3% Shorewood South St. Paul Spring Lake ISpring Lake township 49 226 15 16 2.30% 3.90% 0.9% 1.40% 119 378 65 12 5.4% 6.7% 3.90% 1 St. Anthony 64 3.40% 116 6.80% St. Francis ILouis Park 31 429 2.90% 3.7% 112 791 6% 7.30% St. Paul 3,976 6.9% 7,416 13.10% St. Paul Park 51 3.5% 96 6.2% Stillwater Vadnnais Hei is 170 4% 525 10.70% Victoria 14 1.20% ®3.90% Waconia 21 1.20% 93 3.30% West Lakeland township 10 0.9% 78 West St. Paul 188 4.10% 264 5.80% wee Bear 256 4% 294 4.7% White Bear township 97 2.90% 79 2.40% Woodbury 125 1.20% 312 2.40% ■ -i/ u i J . 1 ■ 11 I N , NOW i.--- ••t, 1 '1 1' 1: •I •1 II Ij 1 11.,�.L 1 � � 1p1 •.. 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