031317 EDAEDA Meeting
Page 1 March 13, 2017
City of New Hope
4401 Xylon Avenue North
New Hope, Minnesota 55428
EDA Minutes March 13, 2017
Regular Meeting City Hall
CALL TO ORDER President Hemken called the meeting of the Economic Development Authority to
order at 9:08 p.m.
ROLL CALL Present:
Kathi Hemken, President
John Elder, Commissioner
Andy Hoffe, Commissioner
Eric Lammle, Commissioner
Jonathan London, Commissioner
Staff Present:
Kirk McDonald, City Manager
Aaron Chirpich, Community Development Specialist
Tim Fournier, Police Chief
Valerie Leone, City Clerk
Chris Long, City Engineer
Jeff Sargent, Director of Community Development
Bernie Weber, Acting Director of Public Works
Stacy Woods, Assistant City Attorney
APPROVAL OF
MINUTES
Item 3
Motion was made by Commissioner Hoffe, seconded by Commissioner Elder, to
approve the minutes of February 27, 2017. All present voted in favor. Motion
carried.
BOISCLAIR LOAN
Item 4
President Hemken introduced for discussion EDA Item 4, Resolution approving
the Hennepin County Housing and Redevelopment Authority’s loan to the
Boisclair Corporation as a 2016 Affordable Housing Incentive Fund program loan
recipient for property at 8007 Bass Lake Road.
Mr. Jeff Sargent, director of community development, explained Boisclair
Corporation has received a loan from Hennepin County Housing and
Redevelopment Authority and the local jurisdiction must approve the owner of
the property as the loan recipient. The Park Acres development at 8007 Bass Lake
Road has been governed by a project-based Section 8 Housing Assistance Payment
contract since its inception in 1978. It also received low income housing tax credits
for a 15-year period. The owner is in the process of re-syndicating the low income
housing tax credits for an additional 15-year period. Park Acres is deemed a
Preservation priority and received some funding for building improvements.
Additional funding was necessary to complete the required improvements, and
Hennepin County Housing and Redevelopment Authority has authorized a
preliminary loan of up to $400,000.
He stated renovations greater than $5,000 per unit will be made to the complex.
EDA Meeting
Page 2 March 13, 2017
Ms. Lori Boisclair was recognized. She stated the property includes six buildings
with apartments and townhomes totaling 41 units. She stated they were built in
1978 and 1979 and since 1990 there was only one substantial rehab project.
Commissioner London noted there were 67 police calls to the property in the last
12 months.
Ms. Boisclair indicated she receives monthly reports and believes the figure
mentioned by Mr. London is inaccurate.
Chief Fournier pointed out the number includes medical and alarm calls. He noted
calls on crime-related instances are much lower.
Ms. Boisclair commented that the property will realize $4.8 million in
improvements. She noted there is a three-year wait list for new occupants and
there is a low turnover rate. She noted the corporation’s perseverance with the
competitive loan process as they applied three consecutive years before being
successful.
The EDA thanked Ms. Boisclair for undertaking the improvements.
RESOLUTION 2017-03
Item 4
Commissioner Lammle introduced the following resolution and moved its
adoption “RESOLUTION APPROVING THE HENNEPIN COUNTY
HOUSING AND REDEVELOPMENT AUTHORITY’S LOAN TO THE
BOISCLAIR CORPORATION AS A 2016 AFFORDABLE HOUSING
INCENTIVE FUND PROGRAM LOAN RECIPIENT FOR PROPERTY AT 8007
BASS LAKE ROAD”. The motion for the adoption of the foregoing resolution was
seconded by Commissioner Elder, and upon vote being taken thereon, the
following voted in favor thereof: Hemken, Elder, Hoffe, Lammle; and the
following voted against the same: London; Abstained: None; Absent: None;
whereupon the resolution was declared duly passed and adopted, signed by the
president which was attested to by the executive director.
IMP. PROJECT 993
Item 5
President Hemken introduced for discussion EDA Item 5, Resolution authorizing
the acquisition of 3751 Louisiana Avenue North by the city and Economic
Development Authority through redemption as a junior creditor (improvement
project no. 993).
Mr. Aaron Chirpich, community development specialist, stated the title to the
property would be retained by the EDA if the city succeeds in acquiring the
property.
RESOLUTION 2017-04
Item 5
Commissioner Elder introduced the following resolution and moved its adoption
“RESOLUTION AUTHORIZING THE ACQUISITION OF 3751 LOUISIANA
AVENUE NORTH BY THE CITY AND ECONOMIC DEVELOPMENT
AUTHORITY THROUGH REDEMPTION AS A JUNIOR CREDITOR
(IMPROVEMENT PROJECT NO. 993)”. 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: Hemken, Elder, Hoffe,
Lammle, London; and the following voted against the same: None; Abstained:
None; Absent: None; whereupon the resolution was declared duly passed and
adopted, signed by the president which was attested to by the executive director.
EDA Meeting
Page 3 March 13, 2017
ADJOURNMENT Motion was made by Commissioner London, seconded by Commissioner Elder,
to adjourn the meeting. All present voted in favor. Motion carried. The New Hope
EDA adjourned at 9:20 p.m.
Respectfully submitted,
Valerie Leone, City Clerk