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2013-11-19_agenda_packet
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2013-11-19_agenda_packet
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Housing Redevelopment Authority
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11/19/2013
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HRA Meeting <br />Minutes – Tuesday, October 15, 2013 <br />Page 5 <br />1 <br />the middle site proposed for 2 stories, and not creating a good transition from his perspective and <br />2 <br />potential impacts on one-story single-family homes. <br />3 <br />4 <br />Mr. Saar opined that, the Dale Street was the best option if that height was necessary; but questioned if <br />5 <br />the buildings shown on the site plan were higher than the existing apartment building located south of <br />6 <br />the site. <br />7 <br />8 <br />Mr. Rhoades advised that they look 2.5 stories high from the street with the addition of the berm, with <br />9 <br />parking located under the berm; but from grade zero, they were actually only 2 stories, but visually <br />10 <br />appeared to be 2.5 stories. <br />11 <br />12 <br />Graham Atwood, 841 Lovell <br />13 <br />Mr. Atwood referenced comments related to phasing the project, suggesting that if the plan doesn’t <br />14 <br />work out as estimated, the HRA would be open to additional changes; and questioned what limits there <br />15 <br />would be on potential changes. <br />16 <br />17 <br />Ms. Kelsey advised that the Development Agreement would place triggers on the project specific to any <br />18 <br />nonperformance issues, providing safety factors to cover the City’s interests. Even though it was <br />19 <br />difficult to control economics or environment in a housing situation, Ms. Kelsey advised that, if a point <br />20 <br />should occur where there is an indication of a significant change, the Development Agreement would <br />21 <br />hopefully contain language sufficient to and incorporate potentials learned from past experience. <br />22 <br />23 <br />Mr. Atwood questioned if the previous neighborhood discussion would still apply at that time. <br />24 <br />25 <br />Chair Maschka noted that the GMHC proposal was for completion by May of 2015; and reiterated his <br />26 <br />projection that the demand for this type and variety of housing would be found to be incredible. <br />27 <br />28 <br />Mr. Buelow concurred, further noting that the GMHC was eager to build the units and anticipated that <br />29 <br />sales would prove popular and brisk requiring non-stop building. However, Mr. Buelow noted that they <br />30 <br />also wanted to be responsible and not build units that were not moving. <br />31 <br />32 <br />With applause from the audience, Chair Maschka thanked presenters for their nice presentation and <br />33 <br />concepts. <br />34 <br />35 <br />Sand Development, LLC/Twin Cities Habitat for Humanity <br />36 <br />446 East Fourth Street, Suite 100; St. Paul, MN 55101-1137 <br />37 <br />Phone: 651/289-0100 <br />38 <br />www.SandCompanies.com <br />39 <br />Mr. Jamie Thelan, Chief Manager of Sand Development, LLC <br />40 <br />Mr. Thelen provided a history of their firm and other locations they had build similar projects. <br />41 <br />42 <br />Mike Nelson, Land Acquisition Manager with Twin Cities Habitat for Humanity <br />43 <br />Mr. Nelson provided a summary of the Twin Cities Habitat for Humanity program in the 7 county <br />44 <br />metropolitan area; and their portion of this project proposing 5 single-family homes. <br />45 <br />46 <br />Jeremy Bork, Vice President of Architecture <br />47 <br />Mr. Bork reviewed the overall plan for those proposed 5 single-family homes and a 3 story apartment <br />48 <br />building with various sized units including 1, 2 and 3 bedrooms to provide a mix of housing options for <br />49 <br />all types of families. Mr. Bork provided concept plans and designs, and included 60 stalls of <br />50 <br />underground parking. <br />51 <br />52 <br />Mr. Thelan reviewed their proposed financing structure as detailed in their RFP, with a $.5.3 million <br />53 <br />bank loan, referencing a similar project of 60 units currently being completed in the City of Arden Hills. <br />54 <br />Mr. Thelan advised that the financing would include a pay-as-you-go TIF note financed through the <br /> <br />
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