Community Development Committee Agenda

Standing Committee of the City Council, Minneapolis, Minnesota

Regular Meeting

November 27, 2007

1:30 p.m. - Room 317 City Hall

NOTE: All cellular telephones, pagers and BlackBerry devices to be switched to a non-audible function during Council and Committee meetings.

Committee Members Present: Council Members Goodman, Benson, Remington, Gordon, Lilligren (quorum 4)
Committee Members Absent: Council Member Samuels

Council Committee Coordinator: Irene Kasper (612) 673-2219

Joint Public Hearing with Mpls Community Development Agency Operating Committee 1:30 p.m.

1. Courage Center:

Consider resolution giving preliminary and final approval to the issuance of up to $1 million in Tax-exempt 501(c)(3) Bank Qualified Bank Direct Minneapolis Community Development Agency Revenue Bonds, Series 2007 to finance various improvements to and equipping of the Courage Center’s headquarters facility at 3915 Golden Valley Rd, Golden Valley, MN (Postponed 11/6/2007).

Action Taken: Approved.

2. Catholic Eldercare (817 Main St NE):

Consider resolution to assist in refinancing the remodeling and equipping of an existing nursing home facility at 817 Main St NE; & financing the acquisition of approximately 40 units of an existing housing facility at 1101 Main St NE, by the issuance of up to $7,200,000 of "bank-qualified" tax-exempt industrial development revenue obligations.

Action Taken: Approved.

Joint Agenda Item with Mpls Community Development Agency Operating Committee

3. Sumner Library Title Clearance:

Approve conveyance of two parcels at 611 Van White Memorial Blvd to the Library Board of the City of Mpls.

Action Taken: Approved.

Public Hearings 1:30 p.m.

4. Coloplast (1601 W River Rd):

a) Consider approval of the resolution adopting Modification No. 15 to the North Washington Industrial Park Plan, Modification No. 110 to the Common Plan and the Coloplast Redevelopment Tax Increment Finance Plan; b) Approve resolution authorizing the issuance of a Limited Revenue Pay-As-You-Go Tax Increment Financing Note to Coloplast in a principal amount not to exceed $2,935,000; c) Approve proposed redevelopment contract business terms; d) Authorize redevelopment contract with Coloplast Corp & all other necessary documents ( Also in W&M/Budget

Action Taken: Approved revised report.

5. Coloplast (1601 W River Rd):

a) Authorize application to the Minnesota Department of Employment and Economic Development Minnesota Investment Fund for a $500,000 equipment loan related to the Coloplast campus expansion project; b) Subject to loan approval, accept an award of the Minnesota Investment Fund in the amount $500,000.00 for equipment; c) Subject to loan approval, increase the CPED/State Grants & Loan Programs Fund by $500,000.00; d) Authorize necessary agreements ( Also in W&M/Budget

Action Taken: Approved.

6. Land Sale HOW/HOME Program (2814 Knox Ave N & 425 - 20th Ave NE):

a) Approve sale of 2814 Knox Ave N for $157,800; Approve sale of 425 20 th Ave NE for $224,400, each to a qualified Home Ownership Works (HOW) Program Purchaser for the fair market value, subject to the following conditions: 1) land sale closing must occur on or before 60 days from the date of offer acceptance; 2) payment of holding costs of $150.00 per month from the date of offer acceptance to the date of closing if land sale closing does not occur on or before 60 days from date of offer acceptance. The sale conditions may be waived or amended with approval of the CPED Director; b) Approve a second mortgage affordability loan in accordance with the HOW Program guidelines of not more than $30,000 for all eligible households.

Action Taken: Approved.

7. Land Sale (2407 - 14th Ave S):

Approve sale to the Indian Health Board of Minneapolis, Inc for $177,480.

Action Taken: Deleted from agenda.

8. Land Sale (2732 - 12th Ave S):

Approve sale to The Greater Metropolitan Housing Corporation for $31,500, subject to the following conditions: a) land sale closing must occur on or before 30 days from the date of approval; & b) payment of holding costs of $150.00 per month from the date of approval to the date of closing if land sale closing does not occur on or before 30 days from date of approval. The sale conditions may be waived or amended with approval of the CPED Director.

Action Taken: Approved.

Consent Items

9. Mpls Housing Replacement Tax Increment Financing (TIF) District II:

Approve resolution for the addition of 13 parcels to and the deletion of 10 parcels from the TIF District II.

Action Taken: Approved.

10. Northeast Community Development Corporation (NECDC) (re Beltrami MnDOT site, Buchanan St between Winter and Spring Sts NE):

Approve a one-year extension of exclusive development rights to NECDC for the Beltrami MnDOT site.

Action Taken: Approved.

11. Nokomis Senior Assisted Living Project (3717 - 23 rd Ave S):

Authorize continued analysis of the Nokomis Senior Assisted Living proposal; negotiate terms and conditions of a redevelopment contract with Covenire Care, LLC, or an affiliated entity; and prepare a redevelopment plan and tax increment financing plan for this project, subject to final determination of project eligibility, required reviews, public input, notices, and hearings.

Action Taken: Approved.

12. 2007 Revenue Bond Entitlement Carryforward:

Approve resolution authorizing the carryforward of $12,739,000 of the unused 2007 tax-exempt revenue bond entitlement for single-family programs.

Action Taken: Approved.

13. Century Homes Programs:

Approve addition of two properties for development under the Century Homes Program.

Action Taken: Approved.

14. Minnesota Department of Employment and Economic Development (DEED) Grant Awards:

a) Accept Redevelopment Program Grants awarded by the DEED for Longfellow Station ($480,000) and Minnesota Innovation Center ($520,000); b) Approve increase in CPED appropriation & increase revenue budget; c) Authorize grant, sub-recipient and/or disbursement and related agreements ( Also in W&M/Budget

Action Taken: Approved.

15. African Development Center:

Authorize allocation of $25,000 to African Development Center to extend the partnership on business loan activities in 2008 ( Also in W&M/Budget

Action Taken: Approved.

16. Metropolitan Consortium of Community Developers:

Authorize allocation of $135,000 to Metropolitan Consortium of Community Developers to extend the partnership on business loan activities in 2008 ( Also in W&M/Budget

Action Taken: Approved.

17. Issuance of Tax-exempt Revenue Bonds in 2008:

Authorize staff to take certain actions throughout 2008 in order to utilize tax-exempt revenue bond financing for various City industrial - manufacturing projects ( Also in W&M/Budget

Action Taken: Approved.

18. Ivy Tower Conservation & Air Easement:

Approve acceptance of the donation of an open space conservation easement that will protect the view shed of the historic Ivy Tower faade & authorize related documents ( Also in W&M/Budget

Action Taken: Approved.

Discussion Items

19. 2007 Affordable Housing Trust Fund (AHTF) and Non-Profit Development Assistance Fund Project:

Approve a total of up to $7,038,334 in loans from the AHTF and a total of up to $180,000 in grants from the Non-Profit Development Assistance Fund for the following projects & developers; Authorize necessary documents: a) $300,000 from the AHTF and $30,000 from Non-Profit Development Assistance Fund for Alliance Scattered Housing properties at 2103 - 2nd Ave S, 2413 - 10th Ave S, 1844 E 26 th St, 3033 Oakland Ave S, 3038 Bloomington Ave S, 3231 Elliot Ave S, 3327 Elliot Ave S & 3823 Columbus Ave S by Alliance Housing Incorporated; b) $275,000 from the AHTF and $30,000 from the Non-Profit Development Assistance Fund for CRS Permanent Re-Entry Housing at 3003 Penn Ave N by Christian Restoration Services; c) $683,750 from the AHTF and $30,000 from the Non-Profit Development Assistance Fund for Creekside Commons at 5400-12 Stevens Ave S by Plymouth Church Neighborhood Foundation; d) $800,000 from the AHTF for Franklin Steele (formerly Franklin Gateway Site C at 2000-12 Portland Ave S by Aeon Homes and Hope Community Inc; e) $538,000 from the AHTF and $30,000 from the Non-Profit Development Assistance Fund for the Hope Block Stabilization at 2011-15 Portland, 616-18 E 22 nd St and 2024-26 Oakland Ave by Hope Community Inc; f) $750,000 from the AHTF and $30,000 from the Non-Profit Development Assistance Fund for Little Earth – Phase V at 2501 Cedar Ave S by Little Earth of United Tribes Housing Corporation; g) $1,000,000 from the AHTF for Longfellow Station Phase 1A at 3815 Hiawatha Ave S by Capital Growth Real Estate LLC; h) $525,000 from the AHTF for Lowry Apartments at 2510 Polk St NE by MetroPlains Partnership LLC and Families Moving Forward; i) $977,584 from the AHTF and $30,000 from the Non-Profit Development Assistance Fund for Nicollet Housing at 3700 Nicollet Ave S by Plymouth Church Neighborhood Foundation; j) $614,000 from the AHTF for Nokomis Senior Housing at 3717 - 23 rd Ave S by Covenire Care LLC; k) $575,000 from the AHTF for the PPL North Side Recap properties at 610 Logan Ave N, 1123 Logan, 1119 Logan, 920 Oliver Ave N, 909 and 913 Oliver Ave N, 914 Oliver Ave N, 1220 Morgan Ave N, 1027 Morgan Ave N by Project for Pride in Living.

Action Taken: Approved, with amendments to staff report as follows: a) Add bullet point under "Eligible applicants for the AHTF pipeline are as follows:" to read: Applicants will be eligible if there is strong neighborhood support in a non-impacted neighborhood"; b) Add notation on Attachment C, under "Projects Located in Non-impacted Areas" that Creekside Commons did not receive points for criteria of neighborhood support, yet they do have the support of the neighborhood association.

20. Blighted (249) Properties:

Approve increase in CPED/Neighborhood Development Account appropriation in the amount of $170,000 re demolition costs associated with blighted properties on the 249 list ( Also in W&M/Budget

Action Taken: Approved.

Receive & File Item

21. 2% Revolving Loan Program & 2% Commercial Corridor/Commercial Node Loan Program:

Year-end portfolio summary and delinquency report.

Action Taken: Received & filed.

Notice: A portion of this meeting may be closed to the public pursuant to Minnesota Statutes Section 13D.03 or 13D.05.

Next Regular CD Meeting: 12/11/2007

Next City Council Meeting: 12/7/2007

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Last updated Oct. 18, 2011