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Home My WebLink AboutCouncil Information Memorandum 12-19-2019CITY OF PLYMOUTH COUNCIL INFO MEMO December 19, 2019 EVENTS / MEETINGS Official City Meeting Calendars .................................................................... Page 2 Tentative List of Agenda Items ..................................................................... Page 5 REPORTS & OTHER ARTICLES OF INTEREST Twin Cities Median Sale Price Sets November Record at $279,900, Star Tribune ........... Page 7 SUN MON TUE WED THU FRI SAT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 December 2019 3400 Plymouth Boulevard Plymouth, MN 55447 OFFICIAL CITY CALENDAR Phone: 763-509-5080 plymouthmn.gov 7:00 PM PLANNING COMMISSION MEETING Council Chambers 5:00 PM SPECIAL COUNCIL MEETING Dundee Nursery Redevelopment Concept Plan and 2020 Legislative Priorities Medicine Lake Room 7:00 PM REGULAR COUN-CIL MEETING Council Chambers SUN TUES MON WED THUR FRI SAT 7:00 PM CHARTER COMMISSION MEETING Medicine Lake Room 7:00 PM PLANNING COMMISSION MEETING Council Chambers CHRISTMAS DAY CITY OFFICES CLOSED CHRISTMAS EVE CITY OFFICES CLOSED AT NOON 2:00 PM - 5:00 PM Old Fashioned Christmas Plymouth Creek Park 5:30 PM SPECIAL COUNCIL MEETING Board and Commission Interviews Medicine Lake Room Page 2 SUN MON TUE WED THU FRI SAT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 MARTIN LUTHER KING JR. BIRTHDAY CITY OFFICES CLOSED 21 22 23 24 25 26 27 28 29 30 31 January 2020 3400 Plymouth Boulevard Plymouth, MN 55447 OFFICIAL CITY CALENDAR 763-509-5080plymouthmn.gov 7:00 PM PARK & REC ADVISORY COMMISSION MEETING Council Chambers SUN TUES MON WED THUR FRI SAT CHANGES ARE NOTED IN RED 5:30 PM SPECIAL COUNCIL MEETING Council Goals for 2020 Medicine Lake Room 7:00 PM REGULAR COUNCIL MEETING 7:00 PM PLANNING COMMISSION MEETING Council Chambers 7:00 PM ENVIRONMENTAL QUALITY COMMITTEE MEETING Medicine Lake Room 7:00 PM HOUSING AND REDEVELOPMENT AUTHORITY MEETING Parkers Lake Room NEW YEAR’S DAY CITY OFFICES CLOSED 5:30 PM SPECIAL COUNCIL MEETING Renewable Energy Alternatives for City Facilities Medicine Lake Room 7:00 PM REGULAR COUNCIL MEETING Council Chambers Absentee Voting begins for Presidential Nomination Primary Election 6:00 PM-8:00 PM Skate the Garden Millennium Gardens Pond 6:30 PM-10:00 PM After Hours at the Creek Plymouth Creek Center Page 3 SUN MON TUE WED THU FRI SAT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 SUN TUES MON WED THUR FRI SAT February 2020 3400 Plymouth Boulevard Plymouth, MN 55447 OFFICIAL CITY CALENDAR 763-509-5080plymouthmn.gov 7:00 PM PLANNING COMMISSION MEETING Council Chambers 7:00 PM ENVIRONMENTAL QUALITY COMMITTEE MEETING Council Chambers 5:00 PM SPECIAL COUNCIL MEETING Architect Interviews for Fire Station Building Projects Medicine Lake Room 7:00 PM REGULAR COUNCIL MEETING Council Chambers 7:00 PM REGULAR COUNCIL MEETING Council Chambers PRESIDENTS DAY CITY OFFICES CLOSED 7:00 PM PLANNING COMMISSION MEETING Council Chambers 7:00 PM PARK & REC ADVISORY COMMISSION MEETING Council Chambers 7:00 PM HOUSING AND REDEVELOPMENT AUTHORITY MEETING Council Chambers 8:00 AM-4:30 PM ABSENTEE/DIRECT BALLOTING Medicine Lake Room 8:00 AM-4:30 PM ABSENTEE/DIRECT BALLOTING Medicine Lake Room 8:00 AM-4:30 PM ABSENTEE/DIRECT BALLOTING Medicine Lake Room 10:00 AM-3:00 PM ABSENTEE/DIRECT BALLOTING Medicine Lake Room 8:00 AM-4:30 PM ABSENTEE/DIRECT BALLOTING Medicine Lake Room 3:00 PM-7:00 PM Fire and Ice Parkers Lake Page 4 Note: Special Meeting topics have been set by Council; all other topics are tentative. EDA refers to the Economic Development Authority Tentative Schedule for City Council Agenda Items January 14, Special, 5:30 p.m., Medicine Lake Room •Council Goals for 2020 January 14, Regular, 7:00 p.m., Council Chambers •Approve liquor licenses for 2020 •Appoint 2020 City Health Officer •Appoint 2020 City Council Secretary •Designate 2020 Official Newspaper •Appoint 2020 Official Depository •Approve change orders No. 4-5 and payment No. 8 and final for the Schmidt Lake Road at I- 494 Expansion Project (ST180003) and the Fernbrook Lane Mill and Overlay Project (ST189002) •Approve payment No. 3 and final for the Old Rockford Road Overlay (16005) and Trail Project (40063) •Approve payment No. 7 and final for the 15th Avenue and Highway 55 Utility Improvement Project (WR160003) •Approve payment No. 3 and final for the 2019 Mill and Overlay Project (ST199004) •Approve Preliminary Plat to divide the existing lot into two lots, a 5.05-acre lot that includes corporate lodging buildings and a 1.50-acre lot to the west for property located at 10050 59th Avenue (2019090) •Approve contract for School Resource Officer services with Robbinsdale School District #281 •Accept streets for continual maintenance in The Pines at Elm Creek (2015059) •Approve Hennepin County Construction Cost Sharing Agreement for Trail along County Road 101 •Accept Streets for continual maintenance in Lanewood Estates (2016040) •Accept Utilities and Streets for continual maintenance in Plymouth Reserve (2017105) •Approve payment No. 4 and final for Central Water Tower Refurbishment Project (WA190001) •Approve Encroachment Agreement for a greenhouse, planter boxes, and a pedestrian bridge at 2045 Kimberly Court North •Approve change order No. 1 and payment No. 3 and final for the Greentree Lift Station Improvements (SS15001 - Res2019-285) •Public Hearing on Off-Sale Liquor License application of Merwin Liquors Plymouth, LLC d/b/a Merwin Liquors, 10200 6th Avenue North January 28, Special, 5:30 p.m., Medicine Lake Room •Renewable energy alternatives for City facilities January 28, Regular, 7:00 p.m., Council Chambers •Appoint election judges for the March 3 Presidential Nomination Primary Election •Minnesota GreenStep Cities Program February 11, Special, 5:00 p.m., Medicine Lake Room •Architect interviews for fire station building projects February 11, Regular, 7:00 p.m., Council Chambers •Presentation of National Community Survey results Page 5 February 25, Regular, 7:00 p.m., Council Chambers •Oaths of Office to Police Officers Tommy Satele and Paul Freng March 10, Special, 5:30 p.m., Medicine Lake Room •Committee and Commission Social March 10, Regular, 7:00 p.m., Medicine Lake Room •Recognize Committee and Commission members March 24, Regular, 7:00 p.m., Council Chambers Page 6 Twin Cities median sale price sets November record at $279,900 Demand for least-expensive houses goes unmet, but move-up inventory is plentiful. By Jim Buchta Star Tribune DECEMBER 19, 2019 — 9:49AM RICHARD TSONG-TAATARII • STAR TRIBUNEBrooke Bundy and her husband listed their Minneapolis house for $399,900. Within a day they had multiple offers. The sale closes next week. Although the housing market in the Twin Cities metro posted only modest gains during November, house prices rose to a new high. Last month, home closings were down slightly compared with last year, while pending sales — an indication of future closings — increased just 2.8% compared with last year, according to a monthly report from the Minneapolis Area Realtors. And with demand for the least-expensive houses outpacing supply and buyers of many of those properties paying more than the sellers were asking, the median price of all closings during the month increased 5.6% to $279,900, a record for November. Page 7 “We’re on solid footing heading into year-end,” said Todd Urbanski, president of Minneapolis Area Realtors. Home sales in the Twin Cities have been stifled by a lack of houses that are affordable to entry-level buyers and downsizing baby boomers. At the same time, the supply of move-up houses has been on the rise, giving upper-bracket buyers plenty of options. Across all price ranges there was a slight decline in new listings last month, mostly because of a steep decline in listings priced at less than $200,000. Not so for move-up buyers — those in the market for a house priced at more than $200,000 have had more options than they did last year. That imbalance is reflected in the time it takes to sell a home. The median market time for a home priced at less than $250,000 last month was just 25 days, nearly four times faster than a house priced at more than $1 million. Sales remain on pace to exceed 2018 despite a slight decline in closings during November, upending four consecutive months of increases. Pending sales have increased for five consecutive months, including November. November home sales mixed The Twin Cities had fewer homes listed and fewer closed sales than at the same time last year while the median sales price rose. Analysts said this trend points to solid demand heading into 2020. “More inventory would be nice, but rates are fantastic, the economy is still growing and consumers are confident,” Urbanski said. Page 8 While consumers have been buoyed by near-record low mortgage rates that remain below 4% for a 30- year fixed-rate mortgage and a declining unemployment rate, the housing market across the country is experiencing a slight correction that’s being driven by record home prices that have made homeownership difficult in many more expensive markets. The latest S&P CoreLogic/Case-Shiller Index, which was released earlier this month, shows that price gains across the country, but especially in bigger coastal markets, have narrowed during the past several months. During October, the index showed that home prices nationwide increased 3.5%, down from 5.2% at the same time last year. Price gains are largest among the least-expensive houses but decline as the price of the home increases. That trend is playing out in the Twin Cities metro, where the annual gain is in line with the national average. “National news headlines have little to do with our local market,” said Linda Rogers, president-elect of Minneapolis Area Realtors, in a statement. “Our state and local economies are hardy and diversified, good news for home buyers.” Jim Buchta has covered real estate for the Star Tribune for several years. He also has covered energy, small business, consumer affairs and travel. jim.buchta@startribune.com 612-673-7376 Page 9