HomeMy WebLinkAboutI.A - Agenda Notes
HEDRA AGENDA NOTES
May 14, 2020
6:00pm
II. MINUTES
Please see the attached HEDRA Meeting minutes from the April 9th regular
meeting and May 5th special meeting for your review and approval.
III. BILLS
April Bills
Mavo Systems *$115,000.00 Confluence - Enviro Cleanup Items 5-7
Marathon Properties *$6,337.00 HEDRA Loan - Draw 1 - Final - 214 E 2nd St
Stantec Consulting *$5,686.08 Confluence - Enviro Cleanup - Wood Sealing
Fluegel Law Firm $2,740.50 Legal - Panache Cidery, Creek Rental, Bauer Annex
Campbell Knutson PA $135.00 Legal - TIF - Schoolhouse Square
* Reimbursable Expenses
Please see attached general ledger detail from the last two months for further
information.
IV. BUSINESS
A. Strategic Plan for Economic Development
Please see the attached memo including a homework assignment to provide no
more than five items that HEDRA should be working on in 2021. Please submit
the homework assignment to Rusty by May 13th.
B. Redevelopment Findings - 11th and Vermillion
Please see the attached memo requesting authorization to perform preliminary
steps for future consideration of a TIF District at 11th and Vermillion.
HEDRA Agenda Notes
May 14, 2020
Page 2
C. Resolution: Cancellation of Outstanding Debt: Two Commercial Rehab
Loans - MDL LLC – 620 Ramsey Street
HEDRA issued the following commercial rehabilitation loans to MDL LLC (Paul
and Sandy Ostrem) for 620 Ramsey Street that are currently in default:
Year Issued Original Loan Outstanding Amount
2015 $2,142.27 $1,640.22
2016 $11,309.54 $10,763.64
Total $13,451.81 $12,403.86
The primary mortgage has been subsequently foreclosed upon by Premier Banks.
Attempts to collect the outstanding balance have been unsuccessful. Assistant
Treasurer Melanie Lammers has recommended that the debt on both loans be
cancelled.
ACTION – Adopt Resolution No. 2020-07 and 2020-08 authorizing
cancellation of the remaining balance of two Commercial Rehab Loan for
MDL LLC for property located at 620 Ramsey Street. Please see the attached
resolutions for further information.
D. Authorize Signature: Acknowledgement Regarding Termination of Real
Estate Option - Rungoli (Panache Cidery)
The Real Estate Option Agreement between HEDRA and Rungoli LLC expired
on April 30, 2020 with Rungoli taking no action to exercise the option to purchase
property for the Panache Cidery Project. The attached agreement acknowledges
the termination of the real estate option and must be signed by both parties prior
to remittance of the $1,000 option payment. Termination of the agreement does
not preclude Rungoli or Panache from pursuing acquisition and development, but
does allow other parties to purse acquisition.
ACTION – Authorize Signature of the Acknowledgement Regarding
Termination of Real Estate Option - Rungoli (Panache Cidery). Please see
the attached agreement for further information.
V. REPORTS AND INFORMATION
A. The Confluence
Information to be presented at the meeting.
B. HEART Grant
The deadline for submittal of HEART grant applications is May 12th. The
HEART Grant Committee is scheduled to meet on May 13th to review
applications and recommend awards. Staff will provide an update at the meeting.
HEDRA Agenda Notes
May 14, 2020
Page 3
C. 1st Quarter Financial Report
D. Commercial Vacancy
Available
May, 2020
Available
April, 2020
Net
Change
Downtown 770
Highway 55 14 14 0
Vermillion Street 14 14 0
Industrial Park 550
TOTAL 40 40 0
New York Pizza and Pasta is preparing to open in the former Asian
buffet space in Westview Mall.
Logs to Lumber has purchased the former Nova Frost property at 2347
Commerce Drive
E. Development Update
On April 6th the City Council approved the rezoning and comprehensive
plan amendment application from Mint Development (Rob Barse) to create a
120 unit continual care senior facility providing independent, assisted, and
memory care services. The building would be located on the Patrick Schmitt
Property at 1190 County Road 47. Plans for the Site Plan are being
HEDRA Agenda Notes
May 14, 2020
Page 4
developed.
A concept plan for development of 33 detached senior villa homes to be
located at the northwest corner of Pleasant and Northridge Drives was
reviewed by the Planning Committee of Council on April 22nd. Developers
continue to evaluate the site for a future land use submittal.
Chad Smurawa has begun construction of mini storage units along
Lightbourn Court.
The City Council approved a Special Use Permit for United Promotions to
move their existing operation from 1206 North Frontage Road to the former
Caturia Smidt Funeral Home at 201 East 7th Street.
The City Council approved an Interim Use Permit for United Heroes League
to construct a challenge course (obstacle course) and temporary parking
lot along County Road 54.
Final Plat of Wallin 18th Addition consisting of 11 single family lots has been
approved by the City and has been delivered to Dakota County for recording.
ATTACHMENTS
Minutes – April 9th Regular Meeting
Minutes - May 5th Special Meeting
Bills – April, 2020
Memo: HEDRA Budget
Memo: Strategic Plan for Economic Development
Memo: Redevelopment Findings - 11th and Vermillion
Memo and Resolutions: Cancellation of Debt - MDL LLC
Memo: Authorize Signature of Termination Agreement - Panache Cidery
