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Home My WebLink About06-09-2011 HEDRA MinutesHastings Economic Development and Redevelopment Authority 6:00 pm Hastings City Hall WORKSHOP Minutes of June 9,2011 HEDRA CommissionersPam Holzem, Ron Toppin, Tony AlongiKurt Keena, Michael Kelley, Dennis Peine and Danna Elling Schultz, present Staff present: Community Development Director John Hinzman, City Administrator David Osberg, and Community Relation Specialist Shannon Rausch. I.Q: UORUM A quorum was establishedand the meeting was called to order, by Chair Toppinat 6pm with seven members present. II.B USINESS Sale and Development of Lot 1 & 2, Block 29, TOWN OF HASTINGS – Carlson Capital Management\Stotko Speedling The Commission was asked to take the following actions related to the sale and development of Block 29to Carlson Capital Management to develop a +/- 3,800 s.f. office building on property owned by HEDRA: A.Authorize Signature of the Purchase and Development Agreement between HEDRA and Carlson Capital Management. B.Authorize Signature of a Termination of the Preliminary Development Agreement between HEDRA and Stotko Speedling. Commissioner Keena, recognizing the change in wording to indicate that the buyer pay all attorney’s fees, motioned to authorize the signing of the purchaseand development agreement between HEDRA and Carlson Capital Management for Block 29. Commissioner Holzem seconded the motion. Motion passed 7-0 Commissioner Keena motioned to terminate the development Agreement that HEDRA had with Stotko Speedling for Block 29. Commissioner Kelley seconded the motion. Motion passed 7-0 BREAK FOR SUPPER: HEDRA Meeting Packet - July 14, 2011Page 11 of 99 W6:25 ORKSHOP WAS CALLED TO ORDER AT PM A.Review Administration and Management Practices Document *Current Programs : - Residential Rehab loans/grants > do we do enough promoting of these programs?, - Commercial Rehab loans & grants >should we be doing more to promote these? - one area HEDRA might be able to offer assistance might be the P&L Properties, what is HEDRA’s Role in redeveloping this site? - Business Development incentives – Red Wing Dental is an example of this - TIF districts – Downtown, NAPA, Vermillion Street - Redevelopment Project Areas eligible for TIF * Real Estate HEDRA Owns: 1.Hudson: Now owning Hudson, does our vision/goals for block 1 change? - Yes, can be less from a “use” standpoint because the Hudson property is so much more visible. - What do you see when you come across the bridge? ROOF TOPS, how do we attack people to the downtown area when that is all they see. - Hudson will need to be eye catching to get people to see it, and STOP!!! 2. Parking Lot behind Gardner Hotel 3.Block 1; possible site for senior housing project nd 4.Mann Property down near 22 Street – Potential for redevelopment and stop light (Most likely a long term hold.) 5.Bob Abdo Agreement 6.Red Rock - Block 16 Parking lot is ready for 100 spot lot, saving 80 feet along the north side (secondStreet Side) and will be retained forthe purpose of kiosks/farmer’s markets/etc. - Still working towards it for this year (2011) but more than likely will be done early in 2012. - Former UBC Buildings – Could potentially be part of Red Rock Development area. Particularly if Bailey Street gets rebuilt as a parkway. These two sites could become multiuse buildings with commercial, residential, and parking. 7. Block 29: Will close on this property at the end of June with Carlson Capital Management HEDRA Meeting Packet - July 14, 2011Page 12 of 99 B. Review Progress on Roles & Goals – June, 2009 1. Obsolete Land: - Hudson - Kwik Trip location (corner of 46/47 and Vermillion) - P&L Properties (strip mall around the 1300 and 1400 block of Vermillion) 2. Commercial Buildings: dated looking - Rehab loans are available;market just doesn’t support it right now. - Vermillion has more need/potential for improvements than Downtown currently has. 3. Shopping Districts: th - Vermillion Corridor – traffic lights at 18and 24? 4. New Business Park: - In 2009 this was one of our long term goals, is it still today? Yes, but with the current market it’s not as urgent. 5. Current Business/Industrial Park: - Land is plotted and ready for sale when the market starts turning around. 6. Business Capital: - HEDRA currently has $95,000 available to help Businesses. (This was the money we had put into the Twin Cities Capital Funds) 7. Residential Rehab Loans: - Do we start emphasizing these “rehab” loans/grants for older homes, even though they may not necessarily be “historic”? Most homeowners probably are unaware this assistance is available. Need to do a better job at promoting with realtors that these loans/grants are available so they can help HEDRA spread the work to potential homeowners when they are looking at properties that may need improvements. - Check with other cities, see what they do/if the do anything similar. (Woodbury has very active program with Realtors) 8. Transit – Van pool discussion coming soon. 9. Communication/ Marketing – wait to see which direction Himle Horner points HEDRA. C. Discuss Future Goals, Objectives, and Priorities 1. HRA: Redevelopment is currently more of a focus than economic Development simply because of the current market conditions. 2. EDA: What can/should our roles be in getting Westview and Pro Build properties in the Industrials Park new tenants? - Can we provide any sort of gap loan that will help someone get into these existing buildings? 3. Thoughts on Hwy. 55 Corridor? HEDRA Meeting Packet - July 14, 2011Page 13 of 99 - If HEDRA isn’t needed, stay out. 4. Thoughts on the Downtown area? - Need a rooftop message/sign thatdraws attention to it as motorist come across the bridge. A roof top sign that says, “Exit here for Downtown” or “Check out our website . . . “ D.Develop Draft Work Plan – Next Steps. 1. Marketing Industrial Park Vacant Properties 2. Loan plans for older homes, even if not Historic 3. Marketing Plan completion and implementation 4. Talk with owners of midtown property 5. Let realtors know assistance is available. 6. Hudson redevelopment, (Keep some, demo all ???) A: DJOURNMENT Commissioner Elling Schultzmoved to adjourn at 8:15, Commissioner Keenaseconded. Motion Passed 4-0 Thursday, July 14, 2011 Workshop meeting is scheduled for from 6:00pm in the City Council Chambers. Shannon M. Rausch HEDRA Meeting Packet - July 14, 2011Page 14 of 99