Community Development Committee Agenda

Standing Committee of the City Council, Minneapolis, Minnesota

Regular Meeting

May 12, 2009

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

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

Public Hearing 1:30 p.m.

1. Minneapolis Economic Recovery Strategy/Open Access Technology International, Inc (3660 Technology Dr):

Consider resolution giving preliminary approval to the issuance of up to $20,000,000 in Limited Tax Supported Economic Development Revenue Bonds, Common Bond Fund Series 2009, to finance the acquisition, improvement & equipping of an existing building to be used in the operation of the Companys software solutions business for the energy industry ( Also in W&M/Budget

Requested Action/Action Taken: Continue public hearing; Postpone to 6/2/2009.

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

2. Minneapolis Economic Recovery Strategy/Augsburg Fairview Academy-Messiah Evangelical Lutheran Church (2504 Columbus Ave S):

Consider resolution giving preliminary & final approval to the issuance of up to $1,008,000 in Tax-exempt 501(c)(3) Bank Qualified Bank Direct Minneapolis Community Development Agency Revenue Bonds, Series 2009, to finance the renovation and refinancing of a building to be used as a charter high school (grades 9-12), to be leased to Augsburg Fairview Academy ( Refer to MCDA Board of Commissioners

Action Taken: Approved.

3. Minneapolis Economic Recovery Strategy/Hope Community, Inc (re properties at 1829 - 5th Ave S; 1900 Portland Ave S & 616-618 E 22 nd St; 1914 Portland Ave S; & NW corner of the intersection of Portland & Franklin Aves S:

Consider resolution authorizing the execution of various documents to amend the Series 2005 Bonds issued for Hope Community, Inc ( Refer to MCDA Board of Commissioners

Action Taken: Approved.

4. Minneapolis Economic Recovery Strategy/Plymouth Christian Youth Center (re 2021 W Broadway, 2210 Oliver Ave N):

Consider resolution giving preliminary & final approval to the issuance of up to $2,000,000 in Tax-exempt 501(c)(3) Bank Qualified Bank Direct Minneapolis Community Development Agency Revenue Bonds, Series 2009, for refinancing the acquisition & renovation of 2021 W Broadway; and refinancing the acquisition & construction of 2210 Oliver Ave N ( Refer to MCDA Board of Commissioners

Action Taken: Approved.

Consent Items

5. 2009 HUD Housing Opportunities for Persons with Aids (HOPWA) Program Grant:

a) Approve funding from the Citys 2009 HOPWA grant to Metropolitan Council Housing and Redevelopment Authority (Metro HRA) $430,572, and to Minnesota Aids Project (MAP) $445,879;
b) Authorize execution of agreements as necessary to implement all subrecipient and subgrantee contracts ( Also in W&M/Budget

Action Taken: Approved.

6. Minneapolis Housing Replacement Tax Increment Financing (TIF) District II:

Approve resolution for the addition of 14 parcels to and the deletion of 14 parcels from the Minneapolis Housing Replacement TIF District II.

Action Taken: Approved.

7. Catalyst Community Partners (re 1200 W Broadway):

a) Authorize a $450,000 Great Streets Gap Financing Loan for redevelopment of the property & authorize execution of the loan agreement and any related documents;
b) Approve multi-jurisdictional funding resolution at the request of Hennepin County ( Also in W&M/Budget

Action Taken: Approved.

8. Portable Performance Stage/Target Center:

a) Accept low responsive bid of StageRight Corporation, $98,258.95, to furnish and deliver a performance stage for the Target Center;
b) Approve appropriation resolution ( Also in W&M/Budget

9. 3649 - 2nd Ave S Renovation:

Accept low bid of Ram Construction and Remodeling, $105,655.00, to accomplish renovation of property for CPED ( Also in W&M/Budget

Action Taken: Approved.

Discussion Item

10. Land Sale (Grain Belt Historic Office Building, 1215 Marshall St NE [Part]):

Report referred back which recommended approval of the sale of a portion of the property to Kristina Oman or an affiliated limited liability company, for the fair market value of $1.00, subject to conditions in staff report ( City Council Action 5/8/2009: Report lost & referred back to CD Committee

Staff Report: 1215 Marshall RCA; 1215 Marshall MAP ; 1215 Marshall SURVEY

Action Taken: Approved direction to staff relating to terms of sale for this property: An Open Request For Proposals (RFP); The RFP will be issued for a 30-day period; The RFP will be both publicly advertised and sent as well to previous proposers on the building; The RFP will state that the building will be sold for Fair Reuse Value, which given the water infiltration and related environmental issues ($600,000), has been estimated to be $1 by CPED's appraiser; The RFP will state that the building will be sold "as is", that the City will not undertake any additional work, but that the developer may also need to install a new storm sewer, the estimated cost of which would be $245,000. This is a new cost to the development project. Due to a new compliance schedule issued by the MPCA, the negotiated agreement to temporarily allow stormwater to run across a portion of the Grain Belt site that is to be developed for housing will likely no longer be valid and a stormwater connection mandated; The developer, as part of its submission, must provide: a) A narrative description of their experience doing historic rehabilitation; b) A development pro forma; and c) A Letter of Intent for project financing.

Receive & File Item

11. CPED’s State & Regional Redevelopment Grant Applications and Awards – 2008 Funding Rounds; Redevelopment Grant Trends.

Action Taken: Received & filed.

Not on Printed Agenda Item

12. Tax Credit Assistance Program (TCAP) Draft Implementation Plan:

Approve draft requirements for the administration & exchange program funds (TCAP funds) for the American Recovery & Reinvestment Act.

Action Taken: Approved.

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: 6/2/2009

Next City Council Meeting: 5/22/2009

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Last updated Oct. 18, 2011