HomeMy WebLinkAboutI.A - Agenda Notes
HEDRA AGENDA NOTES
February 13, 2020
6:00pm
II. MINUTES
Please see the attached HEDRA Meeting minutes from the January 9th meeting
for your review and approval.
III. BILLS
January Bills
Clean Vapor *$36,900.00 Confluence - VIMS Installation - Pay App 5
Northland Securities *$3,851.25 TIF - Schoolhouse Square
Stantec Consulting *4,225.64 Confluence - Environmental - Wood Sealing
Rusty Fifield $616.43 Admin - Conference and Transportation
Fluegel Law Firm $397.75 Legal - Mini Storage Sale, Confluence, Loans, General
Campbell Knutson $202.50 Legal - Schoolhouse Square TIF
Urban Land Institute $150.00 Admin - Conference Registration
Credit Card $35.00 Admin - Parking - ULI & CBRE
* Reimbursable Expenses
Please see attached general ledger detail from the last two months for further
information.
IV. BUSINESS
A. TIF District No. 8 - Real Estate Equities - Schoolhouse Square Senior
Apartments
1. Resolution: Approving Certain Actions for TIF District No. 8
2. Resolution: Approve Interfund Loan
Please see the attached staff memo and resolutions for further information.
B. Resolution: Approve Modification to RLF for Marathon Properties - 214
East 2nd Street
Please see the attached staff memo and resolutions for further information.
C. Presentation of Annual Report
Please see the attached report for further information.
HEDRA Agenda Notes
February 13, 2020
Page 2
V. REPORTS AND INFORMATION
A. The Confluence Update
Park and Landscaping Improvements
Lighting and railing have been added to the overlook deck
Environmental - Wood Sealing and Encapsulation
Floor and beam scraping have been complete
Encapsulation will be done in Spring, after utility work for building is
complete; encapsulation should take 3-4 weeks for entire building.
Environmental - Vapor Intrusion Mitigation System (VIMS)
VIMS piping complete within the building.
Work will begin again upon installation of three phase power for testing.
Building Construction
Confluence plans to ramp up activities for construction on February 17th.
B. Panache Cidery
The 3rd extension to the Real Estate Option Agreement has been forwarded to
Panache. As of February 6th, we have not received the signed agreement from
Panache.
C. Housing and Economic Development Report
Please see the updated memo and report
D. Commercial Vacancy
Available
February, 2020
Available
January, 2020
Net
Change
Downtown 76+1
Highway 55 14 14 0
Vermillion Street 14 15 -1
Industrial Park 440
TOTAL 39 39 0
Schlomka Services has purchased the former O’Connor Plumbing building
at 1904 Vermillion Street and is planning a major renovation.
213 East 2nd Street (Eye Candy-Emporium) is available for lease
Tipps Collectibles has opened in the Artspace Hastings Building.
Lease space available at 1110 North Frontage Rd
HEDRA Agenda Notes
February 13, 2020
Page 3
Space within Central Commons at 925 Highway 55 has been filled
E. Development Update
On February 18th The City Council will hold a public hearing to consider
annexation of 40 acres southwest of General Sieben Drive and Northridge
Drive for creation of 120 new home site.
The City Council approved a rezoning request for Shepherd of the Valley
Church located at 1450 West 4th Street for the future creation of
townhome units.
On February 18th the City Council will review a Site Plan for Chad
Smurawa for creation of a mini storage business on Lightbourn Court.
A rezoning application to create a 120 unit senior housing facility located on
north of County Road 47 and Riverwood Drive is expected shortly. The
Planning Committee of Council gave favorable review to the conceptual plan.
ATTACHMENTS
Minutes – January 9th Meeting
Bills – January, 2020
Memo and Resolutions: TIF District No. 8 - Real Estate Equities - Schoolhouse
Senior
Memo and Resolution: Loan Modification - Marathon Properties
2019 Community Development Annual Report
Memo: Housing and Economic Development Report