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HRA Meeting Minutes Tuesday, April 16, 2013 Page 12 1 2 Further discussion included preference for a two-car garage (page 2, item 7), with Ms. Kelsey 3 clarifying that these are minimum standards, or attempting to say that single-car garages were 4 not permitted; how to legally apply the requirements of the HRP for now and future land use, 5 with neither staff or the HRA majority supportive of applying restrictive covenants on the lots; 6 letter of credit specifications and how that worked, based on a successful program in the City 7 of Richfield to facilitate available construction capital in place to complete construction and 8 landscaping; and intent to convey that a loan was in place to build the property versus relying 9 on someone with cash in hand and possibly disappearing. 10 11 12 language; with builders typically dealing with one bank, since they needed to provide a 13 cushion in place for interim financing, and not seeking to know their balances, but just 14 ensuring that sufficient capital was in place and that the bank saw them as a good customer, 15 thus their letter of recommendation. 16 17 Member Masche sought further clarification of that intent, seeking to ensure no barriers were 18 created in that language. 19 20 Ms. Kelsey noted that the Roseville market was currently very strong, and staff had been 21 notified that there was currently no inventory in Roseville. If a barrier were found, Ms. Kelsey 22 advised that a simple solution would be to simply bring any property forward to the HRA 23 seeking a waiver of any barriers. Ms. Kelsey reiterated that these are intended as minimum 24 standards; and any builder could state any issues they had. 25 26 27 HRA push to accomplish the HRP goals. However, Mr. Trudgeon noted that intent of having 28 such a program was to push housing in that direction. Mr. Trudgeon noted that this was 29 already happening in the community with people demolishing and constructing new homes. If 30 31 important, Mr. Trudgeon advised that it needed to re-evaluate its Strategic Plan goals. Mr. 32 Trudgeon noted that this had been collectively determined as important and therefore identified 33 34 35 Member Lee offered her vote of confidence in the HRP, based on her work in St. Paul and 36 taking down blighted homes and new construction elevating neighborhoods and the entire 37 community. Member Lee noted that the City of St. Paul had gotten positive responses from 38 the City, the community and the Police Department, opining that this was a minimum incentive 39 to pursue. 40 41 Member Quam stated that she had no issue in supporting the HRP, opining that the idea was 42 terrific. However, Member Quam advised that she wanted to spend more time with how the 43 details were accomplished, with problematic issues for her being what kind of underwriting 44 was being done by the HRA and how much control it had over the process; how much work 45 was being created or the HRA with the outlined steps; and asked that time be taken in 46 reviewing the issues, including the cost and legal risk issues. 47 48 Chair Maschka suggested that action be deferred for a future meeting; agreeing that he wanted 49 to ensure there were no unintended consequences. 50 51 Member Willmus spoke in support of deferring action. 52 53 Ms. Kelsey asked that the HRA provide staff with clear direction on items they wanted 54 changes, advising that she had no program right now for the HRA to acquire any parcels; but 55 that there were some properties identified that needed discussion, currently rental properties