Community Development Committee Agenda

Standing Committee of the City Council, Minneapolis, Minnesota

Regular Meeting

October 6, 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,
Remington, Gordon, Lilligren (quorum 4)

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

Public Hearings 1:30 p.m.

Community Planning & Economic Development (CPED)

1. Allina Health System:

Consider resolution giving preliminary & final approval to the issuance of up to $420 million in 501(c)(3) Tax-exempt Revenue Bonds as a Joint Issue with the St. Paul Housing & Redevelopment Authority for the purpose of refunding the Health Care System Revenue Bonds, Series 2002A, issued by the City for the purpose of a) financing the acquisition, construction, equipping and renovation of Abbott, Mercy Hospital, Unity Hospital and facilities at 2215 & 2750 Park Ave; b) financing the acquisition of certain fixtures and equipment to be located at the Blaine Clinic; c) financing the acquisition, construction and equipping of a new clinic at 9300 Noble Pkwy N, Brooklyn Park; d) financing addition to the Buffalo Hospital to house a new birth center and certain other improvements; e) financing certain renovations to be undertaken at Mercy Hospital; f) financing certain renovations to be undertaken at the Coon Rapids Clinic; g) financing the renovation, expansion and equipping of the Cottage Grove Clinic; h) financing certain renovations to be undertaken at Abbott; i) financing the acquisition, construction and equipping of a new clinic to be located in Ramsey; j) financing the acquisition, construction and equipping of a new cancer center and other improvements at Unity Hospital, and the acquisition of certain equipment; k) financing certain renovations to be undertaken at United; l) financing the acquisition & installation of items of equipment in the facilities; m) to pay capitalized interest on the bonds; n) to finance certain swap termination payments with respect to the Series 2007B Bonds; o) to fund a reserve fund for a portion of the bonds; & p) to pay certain costs of issuance of the bonds.

Staff Report: Allina Health System RCA

Action Taken: Approved.

Consent Items

CPED

2. Fairview Health Services:

Approve resolution authorizing the execution of various documents to amend the Series 2008 Bonds issued for Fairview Health Services.

Staff Report: Fairview Bonds RCA

Action Taken: Approved.

3. Lovell Square Title Registration:

Authorize Mayor and the City Clerk to sign application for title registration to be filed pursuant to Minnesota Statute.

Staff Report: Lovell Sq Title RCA

Action Taken: Approved.

4. Simpson Housing Services:

a) Approve up to $171,021 of 2009 Emergency Shelter Grant funds for Simpson Housing; b) Approve possible transfer of up to $21,510 from the $81,510 of 2008 ESG funds awarded to The Salvation Army for Harbor Light to Simpson Housing if the money is not needed by The Salvation Army for window refurbishing.

Staff Report: Simpson Hsg Svcs RCA; Simpson Hsg Svcs EXHIBIT

Action Taken: Approved.

5. Hubbard Broadcasting:

Approve formal termination & release of redevelopment contract by and among the Mpls Community Development Agency (MCDA), St. Croix Partners, L.L.C., Hubbard Broadcasting, Inc. & Space Center Enterprises, Inc.

Staff Report: Hubbard RCA; Hubbard EXHIBIT

Action Taken: Approved.

Discussion Item

CPED

6. Mpls Foreclosure Recovery Rehabilitation Program Award:

a) Remove the Mpls Urban League, per their request, as a Developer receiving $675,000 through the Neighborhood Stabilization Program (NSP) award for the purchase and rehabilitation of 27 foreclosed and/or abandoned properties; b) Award Ethnic Home Housing $350,000 in NSP funds for the purchase and rehabilitation of 10 foreclosed or abandoned properties; c) Authorize contract/related agreements with Ethnic Home Housing; d) Authorize distribution of remaining $325,000 for additional development gap financing on an as needed basis to the non-profit entities participating in the Citys Foreclosure Recovery Rehabilitation Program ( Also in W&M/Budget

Staff Report: Foreclosure Recovery Rehab RCA

Action Taken: Approved revised recommendations: a) Remove the Minneapolis Urban League, per their request, as a Developer receiving $675,000 through the Neighborhood Stabilization Program (NSP) award for the purchase and rehabilitation of 27 foreclosed and/or abandoned properties; b) Award NH Housing or as approved by the State of Minnesota $350,000 in NSP funds for the purchase and rehabilitation of 10 foreclosed or abandoned properties; c) Authorize the appropriate City officials to enter into a contract and related agreements with NH Housing or as approved by the State of Minnesota; d) Authorize CPED Director to distribute the remaining $325,000 for additional development gap financing on an as needed basis to the non-profit entities participating in the City’s Foreclosure Recovery Rehabilitation Program.

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

Attention: If you want help translating this information, call - Hmong - Ceeb toom. Yog koj xav tau kev pab txhais cov xov no rau koj dawb, hu (612) 673-2800; Spanish - Atención. Si desea recibir asistencia gratuita para traducir esta información, llama (612) 673-2700; Somali - Ogow. Haddii aad dooneyso in lagaa kaalmeeyo tarjamadda macluumaadkani oo lacag la’ aan wac (612) 673-3500

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Last updated Oct. 18, 2011