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HRA Meeting Minutes – Tuesday, May 17, 2011 Page 5 1 Ms. Kelsey advised that one of the goals of this year’s work plan was to work with land trusts 2 or partnering with them in Roseville. Ms. Kelsey advised that staff was recommending that 3 the HRA partner with the RLT on this pilot program; and in educating Roseville residents on 4 available alternatives. 5 6 Motion: Member Majerus moved, seconded by Member Elkins to approve RHRA staff to 7 work with the Rondo Land Trust (RLT) to assist potential displaced homeowners from 8 the foreclosure process in Roseville. 9 10 Ayes: 6 11 Nays: 0 12 Motion carried. 13 14 Discussion included how to market the program, including targeting delinquent utility billings; 15 information on the website; and pre-foreclosure notifications through various counseling 16 agencies, such as Lutheran Social Services. 17 18 b.Update of Sienna Green II TIF 19 attached hereto and made a part hereof Two bench handouts were provided, : Modification 20 (Amendment No. 1, DRAFT dated May 11, 2011) to Tax Increment Financing Plan for TIF 21 (Housing) District No. 18 within Development District No. 1 (Sienna Green Apartments 22 Project), originally approved July 13, 2009; and Development Program for Development 23 District No. 1 (DRAFT dated May 12, 2011). 24 25 Executive Director Trudgeon summarized the Request for HRA Action dated May 17, 2011; 26 noting updates made to the property since 2009, revised and additional financial gaps to 27 complete Phase II of the project in current economic and lending conditions; with flexibility 28 provided in the amended documents to facilitate final numbers. Mr. Trudgeon noted that a 29 Public Hearing related to this project is scheduled for Monday, June 13, 2011 at the City 30 Council level. Mr. Trudgeon advised that the original project and related documents had been 31 initially brought forward to the HRA for support, and the proposed amendments were 32 presented under that same premise. 33 34 James Lenhoff, Senior Project Manager with AEON Representative 35 Mr. Lenhoff advised that Phase I of the project was essentially complete; and was proud to 36 announce that they were at 100% occupancy, with the rehabilitation having been completed in 37 late 2010. Mr. Lenhoff noted that feedback from residents was positive. 38 39 Mr. Lenhoff announced that a grand opening was planned toward the end of June of 2011, and 40 he would provide invitations to the HRA through staff, and noted that at that time, a 41 ceremonial ground breaking for Phase II would also occur. Mr. Lenhoff advised that AEON 42 was in the process of finalizing funding with its lending partners; and looked forward to 43 breaking ground the end of summer/early fall of 2011, now that the City Council had approved 44 the PUD Amendment for the recently-acquired triangle portion of property that facilitated 45 minor design revisions. Mr. Lenhoff noted that AEON looked forward to partnering with the 46 City of Roseville on this Phase II portion of the project to further enhance the complex and 47 neighborhood. Mr. Lenhoff advised that AEON continued to work closely on landscaping 48 amenities and other areas of interest to Sienna Green and its immediate neighbors at Rosewood 49 Village; and was committed to maintaining that relationship. Mr. Lenhoff noted that part of 50 AEON’s mission was to retain ownership of their properties, to maintain and manage them 51 long-term as an active participant and resident in the community. 52 53 Chair Maschka thanked Mr. Lenhoff for the Sienna Green project update; and complimented 54 AEON on the improvements benefitting the complex, its residents and the community as a 55 whole.