091007 EDA
CITY OF NEW HOPE
4401 XYLON AVENUE NORTH
NEW HOPE, MINNESOTA 55428
EDA Minutes September 10, 2007
Regular Meeting City Hall
CALL TO ORDER
President Opem called the meeting of the Economic Development Authority
to order at 8:50 p.m.
ROLL CALL
Present: Martin Opem Sr., President
Andy Hoffe, Commissioner
Karen Nolte, Commissioner
Steve Sommer, Commissioner
Absent: Daniel Stauner, Commissioner
Staff Present: Kirk McDonald, Director of Community Development
Curtis Jacobsen, Community Development Intern
Eve Lomaistro, Human Resources Coordinator
Steve Sondrall, City Attorney
Jason Quisberg, Assistant City Engineer
APPROVE MINUTES
Motion was made by Commissioner Nolte, seconded by Commissioner
Sommer, to approve the Regular Meeting Minutes of May 14, 2007. Voting
in favor: Opem, Hoffe, Nolte, Sommer; Voting against: None; Absent:
Stauner; Abstained: None. Motion carried.
IMP. PROJECT 776
President Opem introduced for discussion Item 4, Resolution authorizing
Item 4
signatures for Certificate of Completion and Release of Forfeiture related to
the Linden Park Condominiums, a project by PPL (Project for Pride in Living)
at 5445 Boone Avenue North (improvement project no. 776).
Mr. Curtis Jacobsen, community development specialist, explained that the
EDA entered into a contract for private redevelopment with Project for Pride
in Living (PPL) in October of 2004 for a two-phase project: 1) a 35-unit
apartment complex at 5501 Boone; and 2) a 41-unit condominium building at
5445 Boone. He stated the developer has requested issuance of the Certificate
of Completion of the condominium complex so that closings could occur in
late September. He stated a certificate of occupancy was issued on August 31.
Mr. Jacobsen reviewed the restrictions on non-owners as outlined in the
contract. He noted 95 percent of the 41 units are required to be initially sold to
owner occupants. He stated there are other provisions within the Local
Housing Incentive Account funding from the Metropolitan Council that
restrict 20 units permanently through the use of long term deed restrictions to
buyers at 80 percent of area median income. He commented that based upon
the legal restrictions, only two of the 41 units could be sold directly to
investors.
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Page 1September 10, 2007
President Opem inquired whether there was a law change as the city was
unable to enforce such an owner-occupied restriction at the Winnetka Green
development.
Mr. Steve Sondrall, city attorney, indicated the difference likely relates to the
use of tax increment financing (TIF).
Mr. Kirk McDonald, acting city manager, pointed out that restrictions differ
based on the type of TIF district, and noted the PPL project was within a TIF
“housing” district and Winnetka Green was part of a TIF “development”
district. He noted he would consult Krass Monroe for clarification.
Commissioner Nolte suggested an improved means of the contractor keeping
the city informed when construction changes become necessary. She
commented regarding the hard court surface area at the PPL site. Mr.
Jacobsen noted PPL has agreed to enlarge the area to 20x20 feet, and the city is
holding a $5,000 cash deposit.
Mr. McDonald stated the city engineer and city inspectors review the project
on an ongoing basis and reductions to financial guarantees are not brought
forward without site inspections.
Mayor Opem stated any time there is an agreement for a playground area in
lieu of a dedicated park fee, the site should be built according to plans unless
the change is approved by the Council/EDA.
EDA RESOLUTION
Commissioner Nolte introduced the following resolution and moved its
07-02 adoption: “RESOLUTION AUTHORIZING SIGNATURES FOR
Item 4 CERTIFICATE OF COMPLETION AND RELEASE OF FORFEITURE
RELATED TO THE LINDEN PARK CONDOMINIUMS, A PROJECT BY
PPL (PROJECT FOR PRIDE IN LIVING) AT 5445 BOONE AVENUE
NORTH (IMPROVEMENT PROJECT NO. 776).” The motion for the
adoption of the foregoing resolution was seconded by Commissioner Hoffe,
and upon vote being taken thereon, the following voted in favor thereof:
Opem, Hoffe, Nolte, Sommer; and the following voted against the same:
None; Abstained: None; Absent: Stauner; whereupon the resolution was
declared duly passed and adopted, signed by the president which was
attested to by the executive director.
ADJOURNMENT
Motion was made by Commissioner Nolte, seconded by Commission
Sommer, to adjourn the meeting. All present voted in favor. Motion carried.
The New Hope EDA adjourned at 9:05 p.m.
Respectfully submitted,
Valerie Leone, City Clerk
EDA Meeting
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