HomeMy WebLinkAboutI.A - Agenda NotesHASTINGS ECONOMIC DEVELOPMENT & REDEVELOPMENT
AUTHORITY
May 13, 2021 - 6:00 pm.
I. Quorum
II. Minutes
Please see the attached HEDRA Meeting minutes from the April 8, 2021 regular
meeting and April 22nd, 2021 work session for your review and approval.
III. Bills
April Bills
Please see attached general ledger detail from the last two months for further
information.
IV. Business
A. Authorize Signature: Contract for Private Development - 317 East 3rd
Street between HEDRA and River City Investments, LLC.
Staff has prepared the attached Development Agreement between HEDRA
and River City Investments, LLC (Developer) for the purposes of
establishing terms of property sale and development of a 31 unit market rate
apartment.
An overview of the details within the agreement include the following:
1. HEDRA will sell the property to the Developer for $1.00
2. No later than 30 days after closing the Developer shall submit
construction plans to the City for the 31 unit market rate apartment.
3. If the property is sold prior to the 5-year expiration in Section 12.1
without prior consent of HEDRA, Developer shall pay HEDRA the
Tax Assessed Value of the Property.
4. Subject to unavoidable delays, Developer shall commence
construction of the apartment building no later than September 1,
2021. Commence construction shall mean the start of site grading and
utility work.
5. Subject to unavoidable delays the Developer shall have substantially
completed the construction of the apartment building no later than
June 1, 2022.
Busted Nut $6,000.00 COVID - Grant - Outdoor Seating
Schlomkas $221.84 COVID - Downtown Portable Toilet
Levander Gillen Miller $137.00 Legal - General HEDRA
Levander Gillen Miller $34.50 Legal - Siewert 317 3
rd Street
Hastings Chamber $32.00 Marketing - Ambassador Shirt
ACTION – Motion to authorize signature of Development Agreement
between HEDRA and River City Investments, LLC.
B. Strategic Plan Follow-Up - Staff has compiled a summary of the April 22nd
Workshop and ask for your assistance in prioritizing actions. Please review
the attached staff memo and email your top three actions to staff by
Tuesday May 11th.
ACTION – Further identify priorities for later action.
V. Reports and Information
A. Open To Business Quarterly Report - Please see the attached quarterly
update from Open to Business.
B. Commercial Vacancy
Available April
2021
Available May
2021
Net Change
Downtown 9 9 0
Highway 55 12 12 0
Vermillion Street 13 13 0
Industrial Park 3 3 0
TOTAL 37 37 0
1209 Vermillion Street is available for lease. The space was last
occupied by Cricket Wireless.
919 Vermillion Street, Suite 100 has been leased by Edward Jones.
The space is located on the east side of the school house square
development. The space was previously vacant.
C. Development Update
Schoolhouse Square Senior Housing – Real Estate Equities plans to submit
building permit plans for the 90 unit building in May and start construction in
July with completion by late summer 2022.
The Confluence – On April 14th, City Staff participated in a focus group with
IDM Hospitality which will operate the hotel and restaurant.
Heritage Ridge – 116 home sites, half villa homes, half traditional single
family. Located west of General Sieben Drive and south of St. Elizabeth Ann
Seton Church. First phase of nine lots under construction. Council approved
the 2nd phase of 31 lots on April 5th. Construction of the next phase is
anticipated shortly
Custom Sawdust – Custom Sawdust closed on the property on April 29th.
Staff continue to review civil plans in preparation for construction.
Vermillion Acres – On March 15th, the developer received approvals for all
land use entitlements for the 75 unit senior facility located at 1190 County
Road 47. Developer has closed on purchase of the property and is finalizing
construction details.
South Oaks 4th Addition – The City Council approved the Preliminary and
Final Plat to construct 33 single family homes located southwest of 31st and
Century Drive at their meeting on May 3rd. Greg J Homes is the developer.
Villas at Pleasant – Simek Property conducted a ground breaking ceremony
for their project on April 16th. Staff was in attendance and shared the
ceremony highlighting the project via the City’s website and social media
platforms.
Wallin 19th Addition – 13 single family lots northeast of General Sieben
Drive and River Shore Drive. Council has granted approval and construction
will begin shortly.
Simply Secure Storage – On March 1st, the City Council granted approval for
construction of Simply Storage’s site at 2030 Spiral Blvd. The property has
been officially transferred and preliminary grading has begun on site.
Schoolhouse Scoop - The local ice cream shop will be moving from 919
Vermillion Street, Suite 120 back into downtown Hastings and will be located
at 214 2nd Street E which was formerly occupied by Mississippi Clayworks.
Schoolhouse Scoop hopes to be open by July 16th to coincide with Rivertown
Days.
ATTACHMENTS
Minutes – April 8, 2021 - Regular Meeting
Minutes – April 22, 2021 - Workshop Meeting
Bills – April 2021
Purchase and Development Agreement - Siewert
Strategic Plan Memo
Open To Business Quarterly Report (Q1 2021)
Next Meeting: June 10, 2021