Ed022299 .doc
CITY OF NEW HOPE
4401 XYLON AVENUE NORTH
NEW HOPE, MINNESOTA 55428
Approved EDA Minutes February 22, 1999
Regular Meeting City Hall
CALL TO ORDERPresident Enck called the meeting of the Economic Development Authority to order
at 8:29 p.m.
ROLL CALLPresent: Enck, Cassen, Collier, Thompson
Absent: Norby
Staff Present: Sondrall, Hanson, Donahue, Leone, McDonald, French, Johnson
APPROVE MINUTESMotion was made by Commissioner Collier, seconded by Commissioner Enck, to
approve the Regular and Closed Meeting Minutes of February 8, 1999. Voting in
favor: Enck, Collier, Thompson; Abstained: Cassen; Absent: Norby. Motion
carried.
PUBLIC HEARING President Enck introduced for discussion Item 4, Public Hearing (Continued) -
Item 4 Resolution Authorizing the Conveyance of Certain Real Property to Senior
Outreach Services, Inc. (Improvement Project No. 493).
Mr. Dan Donahue, City Manager, stated this public hearing began January 25 and
was continued until tonight. He stated Minnesota Masonic Homes has expressed its
intentions to explore affiliation with Care Break to become a division of Minnesota
Masonic Homes. Until all the details are worked out between North Ridge,
Minnesota Masonic Homes, Senior Outreach Services and Care Break, staff
recommends that the public hearing be continued. All involved parties agree and
request that the EDA again continue the public hearing.
MOTION to
Motion was made by Commissioner Cassen, seconded by Commissioner Collier,
Item 4
continue the Public Hearing until March 22, 1999.
All present voted in favor.
Motion carried.
IMP. PROJECT 603 President Enck introduced for discussion Item 5, Resolution Authorizing the
Item 5 Purchase of Tax Forfeited Land at 7819 Angeline Drive (Improvement Project No.
603).
Mr. Donahue stated the property at 7819 Angeline Drive has been forfeited to the
County for nonpayment of real estate taxes. The County has determined the EDA
may purchase the property for $5,000 plus $223.70 of miscellaneous expenses. He
noted the site will be utilized for a scattered site housing project.
President Enck suggested the site be utilized for a Habitat for Humanity project,
and Commissioner Cassen suggested construction of a single-family home.
EDA Commissioner Cassen introduced the following resolution and moved its adoption:
RESOLUTION 99-04 “RESOLUTION AUTHORIZING PURCHASE OF TAX FORFEITED LAND
Item 5 AT 7819 ANGELINE DRIVE (IMPROVEMENT PROJECT NO. 603)”.
The
motion for the adoption of the foregoing resolution was seconded by Commissioner
Thompson, and upon vote being taken thereon, the following voted in favor thereof:
New Hope EDA February 22, 1999
Enck, Cassen, Collier, Thompson; and the following voted against the same: None;
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Abstained: None; Absent: Norby; whereupon the resolution was declared duly
passed and adopted, signed by the president which was attested to by the executive
.
director
motion for the adoption of the foregoing resolution was seconded by Commissioner
Thompson, and upon vote being taken thereon, the following voted in favor thereof:
Enck, Cassen, Collier, Thompson; and the following voted against the same: None;
Abstained: None; Absent: Norby; whereupon the resolution was declared duly
passed and adopted, signed by the president which was attested to by the executive
.
director
IMP. PROJECT 645 President Enck introduced for discussion Item 6, Discussion Regarding Potential
th
Item 6 Acquisition/Redevelopment of Regent Apartments at 7136 60 Avenue, 6017
Louisiana Avenue and 7124 Lombardy Lane (Improvement Project No. 645).
Mr. Kirk McDonald, Director of Community Development, updated the EDA on
the discussions with Regent Properties Partners regarding the apartments. He stated
the EDA directed staff to explore purchase of the buildings. The preliminary
estimate for acquisition of the apartments, relocation of the tenants, plus acquisition
of the two adjacent single family homes is $1,432,500.
Next, Mr. McDonald presented the financial analysis prepared by Krass Monroe on
four options based on the concept redevelopment plans, including townhomes,
apartments, and a mixed use of twinhomes and senior apartments. Each scenario
reflect there would be a deficit; the higher the density, the less the deficit. He noted,
however, that some of the deficits could be substantially reduced if some of the
basic assumptions were altered.
Commissioner Collier expressed support for rehab or exploration of other options to
determine the most economically feasible option for the owners and City.
Commissioner Cassen stressed the need for re-design of Louisiana Avenue and
providing attention to the entire area. She pointed out that the recent Life Cycle
Study showed New Hope lacks townhome-type housing. She indicated she would
prefer a total redevelopment or utilizing the area for something other than
apartments. She suggested eventually adding the area east of Louisiana into a
project.
Mr. Mark Waserman, one of the apartment owners, was recognized. He
acknowledged that he was with the appraiser during the appraisal process.
Commissioner Thompson inquired of the owners’ plans if the City chose not to
participate in the project.
Mr. Waserman replied that they would not pursue anything greater than normal
maintenance. He noted the property is in a good location but the present
configuration is a hindrance.
President Enck inquired regarding the owners’ experience in property
management.
Mr. Waserman stated Regent Properties Partners employs the services of a
professional property management firm.
President Enck stated the since the property east of Lombardy Lane is in the City of
Crystal, he recommended that staff contact Crystal regarding the area. He noted the
City of New Hope has limited financial assistance.
New Hope EDA February 22, 1999
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ADJOURNMENT Motion was made by Commissioner Thompson, seconded by Commissioner
Collier, to adjourn the meeting. All present voted in favor. Motion carried. The
New Hope EDA adjourned at 8:57 p.m.
Respectfully submitted,
Valerie Leone
City Clerk
New Hope EDA February 22, 1999
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