HomeMy WebLinkAbout01-06-92.}t - yr
CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
JANUARY 6,1992
The meeting was called to order at 9:10 p.m. by Chair Sindt. Roll call was
taken. Present: Ruhmann. Zaun. Sindt. Mulvihill. Harvev.
Also present: B. Erickson, Executive Director; M. Sobota, Community & Economic
Development Director; D. Feller, Finance Director; C. Friedges, City Clerk.
MINUTES
The minutes of the August 19, 1991, H.R.A. meeting were approved as presented.
ITEM 3
Mr. Sobota presented seven proposals received for an appraisal of the grain
elevators and underlying property in downtown Lakeville. He explained that the
criteria used by staff to review the proposals included experience in the
appraisal of similar types of properties, preferably in the grain elevator
industry. The second criteria used in the selection process was the price
quoted for the complete appraisal, and a third criteria was references from
other local units of government. Staff recommends the use of Robinson Appraisal
Company of Mankato in the amount of $1,800. Mr. Sobota stated Robinson
Appraisal would like until February 15, 1992, to complete the work.
92.1 Motion was made by Harvey, seconded by Ruhmann to authorize Robinson Appraisal
Company to conduct the appraisal on the grain elevator property in downtown
Lakeville.
Roll call was taken on the motion.
Ruhmann.
Ayes, Zaun, Sindt, Mulvihill, Harvey,
ITEM 4
Mr. Sobota presented a resolution requesting the City Council to call a public
hearing on revisions to the Tax Increment Financing (TIF) District No. 8 program
plan to fund the acquisition of the Old Station property and acquire the grain
elevator property. He stated the City is receiving a Community Development
Block Grant in the amount of $98,335, which will cover a major portion of the
grain elevator demolition costs. The public hearing would be held on Tuesday,
February 18th.
92.2 Motion was made by Harvey, seconded by Zaun to approve Resolution No. 92 -1
requesting the City Council of the City of Lakeville to call a public hearing on
the proposed Modification No. 3 of the Southfork I Housing Development Project
Plan, Interest Rate Reduction Program and Housing Tax Increment District No. 8,
and adopt the modified plans and programs relating thereto.
Roll call was taken on the motion. Ayes, Sindt, Mulvihill, Harvey, Ruhmann,
Zaun.
ITEM 5
Mr. Erickson opened discussion regarding clearance /demolition activities in
the Argonne Farms TIF District. He explained that the buildings on the
former Frank's Bait Shop property have been vacated, and the property has
been optioned by Hardee's Restaurants. The property owners have requested
Tax Increment Financing (TIF) assistance in the demolition and removal of the
buildings. Mr. Erickson explained that the City could clear the site and
haul the material to the Wetterlund site in Casperson Park, where it can be
burned. He stated he felt the work could be accomplished at this time at a
minimal cost to the City.
Commissioner Mulvihill asked if the City is under any obligation to clear the
site. Mr. Erickson stated the City is under no obligation. The City would,
however, like to see the site cleared, as it is an eye sore.
Commissioner Harvey stated he was not in favor of using TIF for a fast food
restaurant.
Commissioner Zaun was concerned that the City could lose the TIF District if
no improvement activity takes place within three years from the date of
creation. However, the installation of the traffic signal at 175th Street
and T.H. 50 satisfied that requirement.
The consensus of the Council was that they were opposed to using TIF for the
clearance of this property. However, they encouraged the property owners to
use the City's site at Casperson Park for burning of the material if they
choose to proceed with the demolition.
There being no unfinished or new business, Chair Sindt adjourned the meeting
at 9:40 p.m.
Respectfully submitted,
4 Lette — S M t u g 1vihill, Secretary
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Betty SYndt, Chair