City of Bloomington, MN Bloomington Housing and Redevelopment Authority (HRA), 26 Apr 2022

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From YouTube: April 26, 2022 Housing and Redevelopment Authority Meeting

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April 26, 2022 Housing and Redevelopment Authority Meeting

A

The tuesday april 26 2022 meeting of the housing and redevelopment authority, our first order of business, is going to be the call to order or or the roll call myra. Can you take the roll call. Please.

B

Coulter president.

B

Who keem lewis, president thorson martin.

B

At the record, note that uh commissioner martin is not here, uh make sure you turn your microphones on.

A

Can I source it.

A

We don't so it's fun. Well, probably nice for the people at home. um Well, we are going to move on to item number two approval of the agenda uh for april 26 2022. Do I have? Are there any additions or corrections hearing? None. Do I have a motion to approve the agenda?

A

Thank you. Is there a second second, it's been moved by commissioner thorson with the second by commissioner hukim to approve the agenda of april 26 2022, all in favor signify by saying I I I oppose same sign all quiet. um Moving on to item number three approval of the minutes of march 22nd 2022: are there any additions or corrections hearing? None. Do I hear a motion to approve the minutes of march 22nd 2022 so moved? Second, thank you.

A

It's been moved by commissioner, who came with a second by commissioner coulter to approve the minutes of march 22nd 2022, all those in favor signify by saying aye, aye, aye opposed same sign. The minutes have been approved unanimously.

A

We are moving on to number four organizational business. There appears to be no organizational business this evening that.

C

A

Thank you. Now we will move on to number five new business item: 5.1 8200, humboldt avenue, south tiff review and redevelopment plan. May we have the staff report please.

C

Absolutely bringing a powerpoint for you to just a presentation. Excuse me, sorry, this is 8200 humboldt avenue south, and this is for a resolution approving the 8200 humboldt redevelopment project area approving the redevelopment plan, therefore, establishing the 8200 humboldt tax, increment financing, redevelopment district and approving a tax increment financing plan. Therefore, and so what is uh before you this evening, is actually a request for approving that resolution.

C

This has come before you before, as this board did approve a development agreement for this project. So this project is a hundred and forty nine units mixed income with nine percent affordable at fifty percent ami or below. So that is fourteen units. It will be seven efficiency units that are affordable, three one bedroom units that are affordable, three two bedroom units that are affordable and one three bedroom unit that is affordable. All at fifty percent ami this project did take, um did participate in the opportunity, housing ordinance incentives, so they did do the density bonus.

C

A height bonus, a reduction in storage units, a reduction in parking spaces which does include underground parking spaces and surface, as well as requests for tax increment financing, which is considered a incentive for the opportunity housing ordinance. They will have 224 spaces. Total 67 will be surface spaces. Excuse me, 60.

C

Yes, 67 will be surface spaces, I believe, and with the remainder being underground parking and then um for the tax increment financing request there we go sorry.

B

About that it's.

C

Okay, so first off here's the renderings just so you can see them again of what um is being proposed. You can go to the next slide and, as I went through, here's the incentives as well as the breakdown and the total development cost estimate, is 43.

C

43 million six thousand two hundred eight dollars. um That amount has not changed from when you saw the development agreement that cost x estimate next slide.

C

This is just a uh recap of what the timeline has been so in february of this year, they did go before the planning commission and the planning commission did recommend comprehensive plan map amendment rezoning, residential uh resident residential.

C

Development plan, as well as final development plan, and then the city council, did hold a public hearing and approve the planning commission's recommendation in march of this year. You did approve a development agreement and all necessary documentation in april.

C

Just right now, the planning commission did adopt a resolution confirming that these plans are consistent with the city comprehensive plan and the plans that I'm referring to are the redevelopment plan for the tax increment financing as well as this evening. The hra board is considering adoption of the resolution approving the redevelopment project area implant and establishing the tax increment financing district and plan pending approval by this board. It would go to the city council on may 9th for a public hearing and consideration of approval of the tax, increment financing, district and plan next slide.

C

Please here is a map rendering of the tif district and redevelopment project area boundary. As you can see, it is the part actual parcel area in which currently there is an office building that would be the district. The tif district and redevelopment project area boundary next slide and the suggested motion and I can stand for any questions for mike.

A

Are there any questions for administrator coleman.

A

Hearing no questions: do I hear a motion to a for the approval of the resolution using the following. I move to adopt a resolution approving the 8200 humboldt redevelopment project area approving the redevelopment plan, therefore establishing the 8200 humboldt tax, increment financing, redevelopment district and approving a tax increment financing plan. Therefore,.

D

A

Is there a second second, it has been moved by commissioner coulter with the second by commissioner, who came to adopt the resolution approving the 8200 humboldt redevelopment project area approving the redevelopment plan, therefore, establishing the 8200 humboldt tax, increment financing, redevelopment district and approving a tax increment financing plan. Therefore, is there any discussion? Yes, commissioner, coulter thank.

D

You, madam chair, um just one quick question: is there uh and forgive me I just don't know enough about uh tiff? Perhaps I should, but this is a redevelopment tif district as opposed to a housing tif district. Is there a particular reason that that choice was made.

C

Thank you for the question uh chair, commissioner coulter commissioners. Yes, there is a reason that was made for a housing tif district. There is a requirement to have a certain level of affordability for a redevelopment tif district. There is a requirement to show that it has met the blight test because there is an existing office building on this site. It is a blighted building. We did have a um blight assessment completed. The developer did have a blight assessment, completed by a consultant to establish that for the redevelopment of district.

C

Thank you, you're welcome.

A

Are there any? Is there any further discussion or questions hearing none? I will call this item for a vote. I will again just repeat it one more time.

A

The motion excuse me is to adopt a resolution improving the 8200 humboldt redevelopment project area approving the redevelopment plan, therefore establishing the 8200 humboldt tax, increment financing, redevelopment district excuse me and approving a tax increment financing plan. Therefore, therefore, all those in favor signify by saying I I.

D

A

Opposed the motion passes four to nothing passes unanimously,.

A

Moving on to item number six excuse me: I have, I have a frog.

A

Moving on to discussion items, item number 6.1, commissioner, questions and answers: do any of the commissioners have anything they would like to bring up this evening. Yes, commissioner, um who came.

E

Yeah, I don't have a question. I just like to say that I saw that the grant was approved for the 90th and pen that we had, that deed went through and that grant approval. And so I just wanted to say from the community standpoint I've been hearing nothing but positive feedback. So I just wanted to kind of state that publicly that I'm really glad that us voting that you know that request through has succeeded and we can finally get rid of that blighted property and look to some great development there from europolis.

E

So I just wanted to say great work by staff and everybody on that. So.

C

Thank you, commissioner huhim. That was great work um led by barb wolf, who is our special projects, initiative initiatives manager as well as our interim hra program manager? She worked really really hard on that and the work's not done so. You may hear some more coming back before this board if we have any requests um or updates or follow-up on that uh parcel. So we're excited about that.

A

As well exciting, it's progress always always good. All right is there any other commissioner questions or comments hearing none.

C

I do have one thing I just wanted to bring forward um because it is the end of april.

C

We will have the housing report to present at the next hra board meeting uh just for your review before we put it out publicly so expect that and the reason is called the housing report is because it does actually include the housing work that is done by community development.

C

So it's not just the hra report, so you will see other developments in information planning, assessing, building and inspections, port authority and environmental health are all involved in that, and so we will bring that forward for your review just at our next meeting in may, and then we will release it to the public.

A

Great, thank you. Thank you for that update. um Moving on now to number seven, um do I hear a motion to adjourn the april 26 2022 hra board meeting.

E

A

Is there a second second, it has been moved by commissioner, who came with the second by commissioner thorson to adjourn the april 26 2022 hra board meeting all those in favor signify by saying aye aye um that it passes unanimously four to zero. We are adjourned.

A