Ed022800
CITY OF NEW HOPE
4401 XYLON AVENUE NORTH
NEW HOPE, MINNESOTA 55428
Approved EDA Minutes February 28, 2000
Regular Meeting City Hall
CALL TO ORDERPresident Enck called the meeting of the Economic Development Authority to order
at 7:51 p.m.
ROLL CALLPresent: W. Peter Enck, President
Sharon Cassen, Commissioner
Don Collier, Commissioner
Pat LaVine Norby, Commissioner
Mark Thompson, Commissioner
APPROVE MINUTES Motion was made by Commissioner Collier, seconded by Commissioner
to approve the Regular Meeting Minutes of February 14, 2000
Thompson,.
Voting in favor: Cassen, Collier, Norby, Thompson; Abstained: Enck. Motion
carried.
ELDORADO COURTS President Enck introduced for discussion Item 4, Motion Authorizing Staff to
nd
APTS. Obtain Appraisal of Eldorado Courts Apartments at 7701/7721/7741/7761 62
Item 4 Avenue North.
Mr. Kirk McDonald, Director of Community Development, indicated the property
is for sale and staff would like the EDA’s authority to obtain an appraisal of the
four-unit complex by BCL Appraisals for a cost of $3,200.
Mr. McDonald reported that the estimated market value of the property for taxes
payable in 2000 is $140,000 per property or a total of $560,000. The realtor has
indicated the current asking price is $880,000.
Mr. McDonald stated the Eldorado Apartments are located in an area designated in
the City’s Comprehensive Plan for future redevelopment.
The EDA expressed support for possible redevelopment.
MOTION to
Motion was made by Commissioner Cassen, seconded by Commissioner Norby,
Item 4
authorize staff to obtain an appraisal of Eldorado Courts Apartments at
nd
7701/7721/7741/7761 62 Avenue North.
All present voted in favor. Motion
carried.
7610 BASS LAKE President Enck introduced for discussion Item 5, Discussion Regarding Concept
ROAD Redevelopment/Rehabilitation Project at 7610 Bass Lake Road.
Item 5
Mr. Kirk McDonald, Director of Community Development, introduced Barb
McCormick and Chris Wilson of PPL and George Garnett, Executive Director of
Northwest Community Revitalization Corporation.
Mr. McDonald explained that staff would like to determine whether the EDA has
New Hope EDA February 28, 2000
Page 1
an interest in pursuing the redevelopment/rehabilitation of the 11-unit apartment
complex at 7610 Bass Lake Road in conjunction with Project for Pride in Living
(PPL), the Northwest Community Revitalization Corporation (NCRC) and a variety
of funding agencies. The collaborative project consists of two separate sites: one at
th
7610 Bass Lake Road in New Hope and the second at 5111-5211 56 Avenue
North in Crystal. The projects in both cities would be submitted to funding agencies
for consideration under a single funding request.
Mr. Chris Wilson explained the proposed project stating the existing 11-unit
apartment building would have exterior improvements, attractive landscaping, an
expanded and resurfaced drive, and construction of garages. Interior work will
include new cabinets and counters, new carpeting, updated electrical, and wall
repair and painting. The market rate rents would range from $600 to $1,000
depending on unit size. He explained the rental criteria. The total cost of the
development is approximately $4.6 million.
President Enck questioned PPL’s intentions to utilize the on-site manager from the
nearby PPL site for these additional units.
Mr. Wilson indicated a manager can normally handle 80 units. He pointed out the
existing New Hope site has 34 and the proposed project would add 24 units for a
total of 58 units.
Discussion ensued regarding support services offered by PPL. President Enck
questioned whether they would offer a parenting class. Resources such as area
churches and the Thorson Resource Center were identified. Ms. McCormick
indicated she would review PPL’s self sufficiency management programs already
planned as well as the funding allocations.
Mr. Wilson noted that the project would be a partnership with PPL and the
Northwest Community Revitalization Corporation (also known as the Community
Housing Development Corporation/CHDO). The ownership structure has not been
determined yet.
Mr. George Garnett responded to the EDA’s questions concerning funding. He
stated the financial request from New Hope would be $350,000.
Mr. McDonald reminded the EDA that at this time staff is seeking ‘concept’
approval only.
The EDA expressed support for the project, but directed staff to determine the
City’s financial commitments for such a project as well as available funding
sources before additional effort is expended.
ADJOURNMENT Motion was made by Commissioner Collier, seconded by Commissioner
to adjourn the meeting
Thompson, . All present voted in favor. Motion carried.
The New Hope EDA adjourned at 8:17 p.m.
Respectfully submitted,
Valerie Leone
City Clerk
New Hope EDA February 28, 2000
Page 2
New Hope EDA February 28, 2000
Page 3