►
Description
January 10, 2023 Bloomington, MN Housing and Redevelopment Authority Meeting
A
A
January
10
2023
meeting
of
the
Bloomington
Housing
and
Redevelopment
Authority.
Let
let
the
record
show
that
a
quorum
is
present.
Our
first
order
of
business
will
be
the
approval
of
the
minutes.
I'm
sorry,
approval
of
the
agenda.
Are
there
any
additions
or
corrections
to
the
agenda
hearing?
None
do
I,
have
a
motion
to
approve
the
agenda
so.
A
It
has
been
moved
by
commissioner,
who
came
with
a
second
by
commissioner
Martin
to
approve
the
minutes,
all
those
in
favor
signify
by
saying
aye
aye
the
agenda
agenda.
Sorry
I
want
to
be
the
minute.
Sorry
prove
the
agenda
again,
all
those
in
favor
signify
by
saying
aye,
aye
opposed
the
agenda
passes
three
to
zero.
Next
item
of
business
item
number
three
approval
of
the
minutes
of
December
13
2022.
Are
there
any
additions
or
corrections
to
the
minutes?.
B
A
All
right
hearing,
no
changes
or
Corrections
do
I.
Have
a
motion
to
approve
the
agenda
so.
D
A
I
will
second
it
all
those
in
favor
signify
by
saying
I
I
opposed
the
minutes
of
December
13
2022
pass
two
to
zero.
Moving
on
to
organizational
business
item,
4.1
appointing
interim
HRA
board
secretary:
do
we
have
any
kind
of
a
staff
report?
Yes,.
D
Thank
you,
chair,
Lewis,
Erica,
Coleman,
HRA
administrator,
so
with
the
term
expiration
of
the
previous
commissioner.
It
is
necessary
that
the
current
HRA
board
members,
which
there
are
currently
three
need
to
nominate
and
vote
on
the
appointment
of
a
commissioner
as
an
interim
secretary
until
the
next
annual
meeting.
A
To
move
that
nominate,
Vicky,
who
came
as
the
interim
secretary
treasurer.
A
B
B
F
B
A
A
Welcome
now
that
we
have
our
new
Commissioners
seated
I'm,
going
to
move
on
to
item
4.3
acknowledgment
of
financial
management
policies.
May
we
have
the
staff
report
please.
D
Yes,
thank
you,
chair,
Lewis
I
will
give
the
staff
report
Erica
Coleman
and
Lori
economy
schoeller.
The
CFO
is
available.
If
you
have
any
additional
questions,
so
there's
a
request
to
acknowledge
the
city's
financial
management
policies
that
were
last
updated,
December,
19
2022.,
the
city
made
several
additions
and
revisions
to
the
financial
management
policies
document
in
2022.
The
list
of
policies
that
were
added
or
revised
are
the
credit
card
service
fee
policy,
which
is
new.
The
debt
management
policy,
which
is
revised.
D
The
grant
Administration
policy,
which
is
new,
the
mileage
reimbursement
policy,
which
is
revised.
The
public
purpose
expenditure
policy,
which
was
revised
and
the
travel
policy,
which
is
revised
staff
request
that
the
board
adopt
the
financial
management
policies
document,
as
it
appears
on
the
city's
finance
department
web
page
located
at
blm.n
MN
forward,
slash
f-I-n,
and
it's
also
linked
in
your
agenda
item
packet.
A
Hearing
none
I
would
be
looking
for
a
motion
to
acknowledge
the
city's
financial
management
policies.
Last
update,
updated,
December,
19
2022.,
so
moved.
Is
there
a
second
thank
you?
It
has
been
moved
by
commissioner,
who
came
with
a
with
a
second
by.
Is
it
commissioner
Wooten
I'm
getting
used
to
names
Putin
that
we
acknowledge
the
city's
financial
management
policies
last
updated,
December,
19
2022.?
A
Hearing
no
discussion.
I
will
now
call
a
vote
on
the
motion.
All
those
in
favor
signify
by
saying
I
I
opposed
motion
carries
six
to
zero.
Thank
you.
Now
we
are
moving
on
to
new
business
item
5.1
letter
of
intent
for
purchase
of
1801
and
1851
American
West
American
Boulevard
West
Parcels.
May
we
have
the
staff
report.
C
Good
evening,
chair,
Lewis
and
Commissioners
I
am
Jason
Schmidt,
the
assistant,
Port,
Authority,
administrator
and
I
will
be
giving
the
staff
report
today
with
regards
to
this
letter
of
intent
for
the
two
Parcels
1801
and
1851
American
Boulevard
West,
and
before
I.
Do
that
I
just
wanted
to
just
give
an
update
that
you
know
with
the
HRA
assessment
that
was
completed
last
year
and
all
the
changes
that
that
happened
with
regards
to
larger
developments.
C
You
know
this
is
this:
has
shifted
over
to
the
Port
Authority.
The
main
reason
why
this
is
coming
before
the
HRA
board
is
because
these
two
properties
are
currently
owned
by
the
HRA,
and
so
we
need
the
approval
of
the
HRA
board,
as
well
as
to
move
this
project
forward,
as
well
as
the
development
agreements
and
I'll
go
through
that,
as
throughout
the
presentation.
C
And
so
on,
your
screen
just
to
give
you
a
kind
of
context
of
where
this
is
located.
This
is
within
our
Pan
American
District
area,
and
so
the
Pan
American
district
is
just
south
of
Interstate,
494
and
west
of
Interstate,
35W
kind
of
flanked
by
American
Boulevard
running
through
and
10
Avenue
to
the
West.
This
parcel
is
located
at
the
corner
of
American
Boulevard
at
Knox,
so
just
north
of
the
phase,
three
District
departments,
and
so
this
is
the
bacon
lot
Yuri.
C
It
used
to
be
a
closed
bank
before
the
HRA
purchased
that
with
stewartco
the
developer
and
then
cleared
the
site
and
prepared
it
for
development
with
it,
which
is
the
state
today.
C
So
here's
just
a
picture
of
it
of
that
property
zoomed
in
a
little
bit
closer.
This
property
in
total
is
about
1.81
Acres.
However,
it
is
a
little
bit
less
than
that
because
you
do
have
the
easement
with
which
the
orange
line
and
bust
rapid
transit
station
is
on
the
Eastern
side
of
this
property,
as
well
as
kind
of
the
right-of-way
of
the
access
drive
here
between
Red
Lobster
and
this
site,
and
then
you
do
have
the
extension
of
80
and
a
half
to
the
South.
C
So
before
us
tonight
is
a
letter
of
intent
from
the
developer
that
we
are.
The
HRA
has
been
working
with
on
the
kind
of
the
total
Pan-American
District,
so
Knox
American
LLC
2
is
its
name.
The
the
developer's
name
is
Stuart
co.
They
are
proposing
a
multi-family
Apartment
project
on
this
site.
They
will
be
following
the
opportunity
housing
ordinance,
with
which
nine
percent
of
those
total
units
would
be
affordable
and
per
the
ho.
C
Oh
excuse
me
if
you've
heard
the
oh,
the
requirement
is:
is
that
that
affordability
needs
to
be
at
the
60
Ami
level
staff
did
negotiate
with
them.
With
regards
to
this
project.
Since
we
have
already
met
our
threshold
for
the
60
units
per
the
conference
plan
for
this
next
decade,
we
would
like
to
see
those
units
at
the
50
Emi
level,
so
a
little
bit
deeper
affordability,
the
purchase
price
for
this
in
total
technically
is
two
million
dollars.
C
C
Three
project
still
owes
the
developer
775
000,
which
was
agreed
upon
within
those
agreements
and
I'll
get
into
that
a
little
bit
later
in
the
presentation,
and
so
today,
staff
is
looking
for
direction
from
the
board
for
us
to
continue
these
negotiations
for
us
to
go
ahead
and
prepare
a
purchase
and
a
development
agreement
which
we
would
have
further
discussions
before
any
consideration
and
action
on
that
at
a
feature
later
date.
Hopefully,
sometime
here
in
the
year,
2023.
C
So
give
kind
of
some
history
with
regards
to
the
Pan
American
District,
so
the
Perkins
District
plan
was
approved
back
in
2014..
C
It
was.
It
was
a
lengthy
process
with
which
a
number
of
Consultants
were
used
on
it,
really
looking
to
utilize
and
Leverage
The
Future
Investments,
which
have,
since
some
have
occurred,
the
transit
investment
of
the
new
orange
line,
bus
Rapid
Transit.
That
runs
right
through
the
district
on
the
Eastern
side,
along
Knox,
Avenue
and
then
North
through
the
cross,
Anderson
South
Town
property.
C
Additionally,
there
will
be
Renovations
an
expansion
of
the
interstate
35W
494
interchange
within
the
coming
years,
as
well
as
improvements
along
494.,
and
so
the
vision
here
was
to
diversify
the
land
uses
within
this
area,
to
move
away
from
Strictly
commercial
to
actually
bring
in
more
of
an
urban
neighbor.
C
The
first
project
or
first
phase
of
this
was
our
Pan-American
District
phase,
one
which
was
the
Genesee
apartments
and
town
homes,
as
well
as
the
expansion
or
extension
of
West
80
and
a
Half
street
kind
of
creating
that
smaller
block
walkable
neighborhood.
The
second
phase
of
this
project
was
the
town
hall.
Excuse
me,
the
home,
to
Suites
retail
on
the
first
floor,
as
well
as
the
fresh
thyme
grocery
store.
C
The
HRA
played
a
huge
role
in
the
development
of
these
two
with
regards
to
creating
a
tiff
district
with
which
helped
establish
and
kind
of
push
these
projects
through.
In
a
time
of
when
we
were
kind
of
just
getting
out
of
the
2008
recession.
C
So
just
some
quick
highlights
Genesee
Apartments
pictures,
the
Pan-American
District
phase,
two,
the
fresh
thyme
grocery
store,
and
then
this
happens
to
be
an
older
picture.
Mallards
has
now
since
replaced
Red
Robin
as
the
restaurant
on
the
main
level
retail
there
in
the
Home2
Suites.
C
So
moving
on
to
phase
three,
which
is
the
eastern
half
of
this
area.
C
So
previously
this
was
kind
of
a
large
lot
development,
a
lot
of
surface
parking
lots,
and
so
the
each
array
worked
with
Stuart
Co
in
the
purchase
of
these
four
Parcels
here
and
through
the
negotiations
and
everything
to
assist
this
project,
they
were
looking
to
just
do
phase
kind
of
phase
three,
which
was
the
southern
half
and
we're
looking
for
the
HRA
to
kind
of
hold
this
property,
which
is
what
we're
talking
about
tonight
until
a
future
development,
and
so
through
those
negotiations
and
agreements.
C
C
That's
the
HRA
gave
to
this
project
was
a
two
million
dollar
forgivable
loan
and
during
that
time,
and
during
those
negotiations,
the
source
of
those
funds
for
that
two
million
dollars
was
going
to
be
the
sale
of
this
parcel
that
we're
talking
about
tonight,
1801
and
1851
American
Boulevard,
and
that
was
to
a
project
for
a
restaurant
group
that
was
looking
to
come
in
and
purchase
that
during
the
entitlement
process
that
project
was
moving
along.
C
We
had
an
agreed
upon
purchase
a
price
of
the
HRA
debt
to
sell
that
that
property
for
two
million
dollars.
C
However,
before
that
made
the
city
council,
the
applicant
did
withdraw
their
application
and
that
sale
never
went
through,
and
so
at
that
time
the
each
array
did
not
have
the
funds
to
to
meet
the
financial
agreement,
which
was
Allied
within
the
phase
three
development
agreement,
and
so
the
HRA
staff
at
that
time
negotiated
with
the
developer
and
they
were
able
to
come
up
with
one
million
two
hundred
twenty
five
thousand
dollars
which
we
were
able
to
bond
for
the
HRA
did,
and
it
was
backed
by
these
properties
with
the
bank,
and
so
the
developer
did
receive
that
amount
of
money
and
as
part
of
that
negotiation,
they
then
had
the
exclusive
negotiation
right
for
these
two
parcels
and
that
negotiation
agreement
is
coming
due
or
if
it
does
expire
this
month,
January
of
2023.
C
C
So
the
developer
did
reach
out
to
bhra
and
Port
Authority
staff
at
the
end
of
November,
beginning
to
December,
stating
that
they
would
like
to
exercise
their
exclusive
negotiation
prior
to
the
expiration
and
that's
where
we
are
today,
and
so,
as
I
previously
stated
at
the
beginning
of
this
presentation
that
developer
it
is
Stuart
Co
next
American
llc2,
they
are
proposing
a
multi-family
Apartment
project
with
which
it's
gonna
be
night.
They
will
follow
the
oh
nine
percent
units
and
they'll
be
doing
it
at
the
50
Ami
the
purchase
price.
C
The
offer
is
around
the
two
million
dollar
Mark,
with
which
they
would
then
pay
the
HRA
kind
of
the
money
that
they
had
already
received,
the
1
million
225
000,
and
then
the
HRA
would
no
longer
owe
this
developer.
That
775
000,
which
was
a
requirement
for
with
the
phase
three.
C
So
if
the
HOA
board
tonight
does
recommend
that
staff
continue
with
these
negotiations
to
bring
forth
a
development
and
purchase
agreement,
this
this
would
come
before
the
HRA
board
for
further
discussion
and
consideration
the
multi-family
Apartment
project
right
now.
It
is
right
around
100
units
that
they're
looking
at
they
are
working
with
planning
with
regards
to
are
they
able
to
park
it?
C
So
underground
parking
is
very
limited
there,
or
it
does
become
very
expensive
as
you
would
need
to,
or
the
developer
would
need
to
bathtub
the
underground
parking
to
make
sure
that
any
water
does
not
seep
into
that
area,
and
so
they
are
constrained
with
how
many
units
they
can
potentially
fit
on
that
site,
but
still
want
to
make
sure
that
they're
meeting
the
density
and
far
requirements
with
which
the
Pan
American
District
plan
is
laid
out
at
the
time
when
staff
would
bring
these
agreements
back
before
the
hre
board.
C
There
would
be
a
required
public
hearing
notice
with
regards
to
the
sale
of
this
property.
As
I
stated,
we
would
make
sure
that
nine
percent
of
the
units
are
at
the
50
Ami
level.
We
may
be
able
to
even
get
some
additional
units
above
nine
percent,
depending
on
any
financial
assistance
or
something
the
direction
that
we
hear
from
the
HRA
board,
as
well
as
any
considerations
that
we
can
do
with
the
developer
and
the
last
item
is
this
sale
would
be
contingent
on
the
development
of
catering.
C
So
if,
for
some
reason
you
know,
we
come
to
terms
with
with
the
developer,
but
for
some
reason
they
aren't
able
to
secure
financing
or
move
forward
with
this
project
upon
the
sale
of
the
of
the
site
to
the
developer,
we
would
have
a
stipulation
within
our
development
or
agreement
with
which
then
the
HRA
can
become
owners
of
this
site
again
to
make
to
control
it
to
make
sure
that
the
future
use
of
this
is
meeting
the
intent
of
the
HRA
board
in
meeting
or
the
housing
demands
of
the
city
of
Bloomington.
C
And
so
with
that
tonight
we
are
looking
for
a
motion
to
direct
the
HRA
administrator
to
execute
the
LOI
and
for
staff
to
start
to
prepare
a
purchase
and
development
agreement
upon
negotiations
with
the
developer,
based
on
the
letter
of
intent
as
well
as
following
the
HRA
act.
That's
a
state
statute
for
future
discussion
and
consideration
by
this
board
and
with
that,
I
am
open
for
any
questions.
C
Chair
and
commissioner,
are
you
meaning
the
the
mix,
the
the
unit
mixtures
as
far
as
the
types
from
Studio
one
bedroom
to
two
bedroom,
that.
C
Correct
and
that
that
would
be
you
know
that
can
definitely
be
part
of
our
conversations
to
make
sure
that
it
is
a
uniformed
mixture.
That's
usually,
that
is
how
the
Oh
is
laid
out
that
we
want
to
see.
You
know
if
there's
I'm
just
going
to
do
quick
math
here,
20
of
the
units
are
studio.
C
50
are
one
bedroom
and
the
remaining
our
two
bedroom.
We
would
make
sure
that
the
affordable
units
would
follow
that
percentage.
B
D
A
A
All
right,
it
has
been
moved
by
commissioner,
who
came
with
a
second
by
commissioner
doblinger,
to
direct
the
HRA
administrator
to
execute
the
LOI
and
for
staff
to
prepare
a
purchase
agreement
based
on
the
LOI
for
future
discussion
and
consideration
by
the
board.
Is
there
any
discussion?
Yes,
commissioner,
who.
E
Came
thank
you,
madam
chair
I,
just
wanted
to
say
that
I
want
to
thank
Mr
Schmidt
for
the
background
on
this,
especially
with
new
Commissioners,
that's
very
important
to
have
that
backstory
as
well
as
negotiating
more
affordability
in
this.
That's
really
important.
Obviously,
that's
very
important
to
this
board
personally
I
feel
that
this
is
a
really
good
opportunity
for
the
city,
because
not
only
we're
not
losing
money
in
my
opinion
and
we're
getting
affordable
housing.
A
A
E
Came.
Thank
you,
madam
chair.
Of
course
they
do
no
I,
just
since
I
was
out
ill
on
the
last
meeting
before
that
I
attended
a
commissioner
based
group
meeting
with
the
mayor
and
Mr
vibrugi
and
pretty
much
board
chairs
and
vice
chairs
throughout
the
city
of
Bloomington,
and
we
had
an
amazing
discussion
of
how
we
can
work
together
in
the
future.
E
How
the
how
the
mission
of
the
city
impacts
the
boards
and
how,
together
with
the
council
and
with
every
board,
how
we
intermingle
and
how
we
intertwine
like
how
we
actually
have
a
lot
across
the
board
that
we
can
be
discussing
that
impact
each
other.
So
it's
a
really
great
conversation
and
opportunity
that
I
wanted
to
kind
of
just
kind
of
give
a
little
brief
comment
about
saying
that
there
will
be
further
discussions
in
the
future.
E
Just
so
we
know
what
each
other
is
doing,
because
a
lot
of
times,
Planning
Commission,
is
very
important
to
the
hra's
important
Planning
Commission
we're
going
to
be
working
a
lot
with
the
port,
so
we're
going
to
get
very
familiar
with
them.
They're
very
excited
about
that.
It
was
really
great
to
hear
the
chair
talk
about
really
leaning
on
the
HRA
on
stuff
that
we
know
about
that.
They
don't
and
vice
versa,
so
I
think
it's
a
really
good
opportunity.
E
It
really
made
me
feel
a
lot
more
comfortable
with
where
we,
where
we
were
in
our
assessment
and
where
that's
going
together,
so
I
just
wanted
to
share
that
and
then
secondly,
I
just
wanted
to
welcome
the
new
members
and
say
we
are
very
happy
to
have
you
and
if
you
have
any
questions,
please
don't
hesitate
to
reach
out
to
us
we're
here
to
be
helpful,
full
to
guide
you
in
any
way.
We
can
and
know
the
one
thing
that
was
taught
to
me.
My
first
meeting
is
no
question.
B
E
B
Just
wanted
to
mention
the
pronunciation
of
my
last
name
is
toblinger.
A
A
All
right
well
welcome
our
last
order
of
business
is
the
adjournment.
Do
I
have
a
motion
to
adjourn
our
meeting.
D
A
Is
there
a
second,
it
has
been
moved
by
commissioner
Martin
with
a
second
by
commissioner
Wooten,
to
adjourn
our
meeting
all
the
to
adjourn,
the
January
10
2023
meeting
of
the
Housing
and
Redevelopment
Authority.
All
those
in
favor
signify
by
saying
I,
I
opposed
meaning
stands
adjourned.