Community Development Committee Agenda

Standing Committee of the City Council, Minneapolis, Minnesota

Regular Meeting

September 22, 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,
Benson, Samuels, Gordon, Lilligren (quorum 4)
Committee Members Absent: Council Member Remington

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

Public Hearings 1:30 p.m.

1. Lyndale Salem Green Limited Partnership (re Lyndale Ave S & 28th St):

Consider resolution giving preliminary approval of up to $7.5 million in Tax-Exempt Multi-family Housing Entitlement Revenue Bonds to finance the acquisition & construction of an approximately 61-unit multifamily rental housing facility for low and moderate income persons and families.

Action Taken: Approved.

2. Land Sale (re Village In Phillips Redevelopment Project, 2400, 2401, 2415, 2417 & 2419 Bloomington Ave):

Approve the sale of the subject land for $4 per square foot to a joint partnership of the American Indian Community Development Corporation and CommonBond Communities or an affiliated entity created to undertake the proposed development and authorize the appropriate City staff to execute a redevelopment contract.

Action Taken: Approved.

3. Land Sale (re Franklin LRT Station Area Touchstone Project, portion of 2304 Snelling Ave):

Approve sale of property to Project for Pride in Living, Inc. or an affiliate for a sum to be determined by an appraisal 60 days prior to closing as an amount equal to the diminishment of value to the adjacent City-retained property caused by the sale.

Action Taken: Approved.

Consent Items

4. Allocation of 2010 Low Income Housing Tax Credits:

Approve preliminarily reserve of Tax Credits totaling $1,246,696 for: a) Clare Midtown project, 3105-23 rd Ave S ($680,923); and 2) PPL Near North - scattered sites ($565,773).

Action Taken: Approved.

5. Hydrothermal Engineering Feasibility Study – East Bank Energy Center:

Authorize staff to: a) execute a loan agreement with Schafer-Richardson Real Estate to provide $30,000 in loan funding for a hydrothermal preliminary engineering feasibility study; b) execute letters in support of funding applications for the East Bank Energy Center ( Also in HE&E

Action Taken: Approved.

Discussion Items

6. Affordable Housing Production Goals (2009-2011):

Establish Goals for the next three years beginning with 2009.

Action Taken: Approved & referred to Ways & Means/Budget.

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: 10/6/2009

Next City Council Meeting: 10/16/2009

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Last updated Oct 18, 2011

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