HomeMy WebLinkAbout05-15-00 HOUSING AND REDEVELOPMENT AUTHORITY MEETING
MAY 15, 2000
Chair Zaun called the meeting to order at 6:45 p.m.
Roll call was taken. Present: Commissioners Johnson, Zaun,
Sindt, Mulvihill and Luick. Also present: R. Erickson, Executive
Director;. D. Feller, Finance Director; C. Friedges, City Clerk.
MINUTES
The minutes of the April 3, 2000 H.R.A. meeting were approved as
presented.
ITEM 3
Mr. Feller explained that. under the terms of the Memorandum of
Understanding between the .City of Lakeville, Lakeville H.R.A, and
ISD 1.94 relating to the acquisition of the All Saints Campus., the
City would transfer title of the elementary school to the Lakeville
HRA. The HRA would then facilitate lease-purchase financing from
a financial institution for the acquisition of the elementary school
property and reconstruction of the school to ISD 194 standards.
Bids were received for the lease-purchase agreement on April 17.
Springsted, Inc. has analyzed the four bids and recommends
awarding the lease to Lease Finance Group. Mr. Feller went on to .
explain that since the Lakeville HRA would retain ownership of the
property, the HRA must, therefore, execute a ground lease with
Lease Finance .Group.. The terms of the ground lease would
coincide with the terms of the lease between the lessor and ISD
194. In the event of default by ISD 194,.the lessor would endeavor
to lease the premises to a third party. The Lakeville HRA and the
City. would, however, retain first right of refusal. Staff recommends
approval of the resolution relating to lease agreement between
Lease Finance Group, Inc. and ISD 194 and execution of a ground
lease agreement with Lease Finance Group, Inc.
00.7 Motion was made by Johnson, seconded by Sindt to approve
Resolution No. 2000-4 relating to lease agreement. between. Lease
Finance Group, Inc. and Independent School District No. 194;
authorizing the execution of a Ground Lease Agreement; and
approving a form of lease agreement.
LAKEVILLE HOUSING AND REDEVELOPMENT AUTHORITY
MAY 15, 2000
PAGE 2
Roll call was taken on the motion. Ayes, Johnson, Zaun; Sindt,
Mulvihill, Luick..
ITEM 4
Mr. Feller presented aParking/Access Easement and Maintenance
Agreement between the City of Lakeville, Lakeville H.R.A. and ISD
194 related to the use of the parking lots on the All Saints site..
Parcel A includes the school and parking lot immediately north of
the school.. Parcel B is owned by the City and includes the Arts
Center and Rectory and the parking lot immediately north and
west of the Arts Center. Parcel C includes the parking lot located
on the west side of .Howland Avenue, south of 209 Street. Under
the terms of the agreement, the School District will limit its
parking on Parcels B and C to activities from 5 a.m. to 5 p.m.
Monday through Friday, and for special events. The City will limif
its parking on Parcel A to activities from 5 p.m. to 5 a.m. Monday
through Friday, on weekends and for special events. The City will
beresponsible for. maintenance and repair of the parking lot,
including blacktop, striping, sweeping and signage, and the School
• District will reimburse the City 25% of these. costs. The School
District will be responsible for snow and ice removal and
landscape/lawn maintenance on Parcel A. The City will be
responsible for snow .and ice .removal and landscape/lawn
maintenance on Parcels B and C.
00.8 Motion was made by Luick, seconded by Mulvihill to approve a
Parking/Access Easement and Maintenance Agreement between
the City of Lakeville, Lakeville Housing and Redevelopment
Authority and Independent School District No. 194 for the Lakeville
Area Arts Center.
Roll call was taken on the motion. Ayes, Zaun, Sindt, Mulvihill,
Luick, Johnson.
There being no further business, Chair Zaun adjourned the
meeting at 6:53 p.m.
Respectfully submitted,
A
LAKEVILLE HOUSING AND REDEVELOPMENT AUTHORITY
MAY 15, 2000
PAGE 3
L
Charlene Frie ges, C Clerk
Du ne Zaun, it
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