HomeMy WebLinkAboutHousing & Redevelopment Authority Minutes 01-30-1992MINUTES
PLYMOUTH HOUSING AND REDEVELOPMENT AUTHORITY
JANUARY 30, 1992
A meeting of the Plymouth Housing and Redevelopment Authority was called toorderbyChairmanCrainintheCityCenterCouncilChambersonJanuary30,
1992, at 6:30 p.m.
PRESENT: Chairman Crain; Commissioners Palmer, Ludovissie, Ricker and Edson
ABSENT: None
STAFF PRESENT: Community Development Director Dillerud, and Senior Clerk
Typist Hutt.
APPROVAL OF MINUTES:
MOTION was made by Commissioner Ludovissie, seconded by Chairman Crain, to
approve the January 9, 1992 minutes.
NOTION carried, 5 Ayes.
NOMINATION AND ELECTION OF OFFICERS:
This item was tabled to the February 20, 1992 meeting pending appointment of
one HRA Commissioner by the City Council.
SENIOR HOUSING PROGRAM - PROPOSALS:
Director Dillerud gave an overview of the January 23, 1992 staff report.
Chairman Crain stated he did not see an indication of targeting rent
subsidies. Director Dillerud replied that the Presbyterian proposal does
target subsidy on the back end by showing about 1/3 of the annual HRA tax levy
in their pro -forma. It could be applied by any formula. Director Dillerud
stated the City of Bloomington's rent floors are $393/1 bedroom, $450/2
bedroom, and $556/3 bedroom.
Commissioner Edson questioned if the Ehlers and Associates assumed its rents
are before of after subsidy. Director Dillerud responded that the rents shown
are after an assumed subsidy involving the site and the full HRA annual levy.
Commissioner Ricker asked what these pro -formas offer that differs from any
previous proposals in prior years.
Commissioner Ludovissie stated the City should maintain control of the
project, but by bringing in someone from the "outside", the City could reduce
their risk.
Commissioner Ricker concurred that the City should keep control of the
project, but would need a firm to manage it.
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The firms of Dominium Group, Presbyterian Homes, Elim Care, Inc. and Stuart04Corporationgaveabriefoverviewoftheirpro-forma/interest letter.
Dominium stated their pro -forma includes a "turn -key" guarantee that the cost
is a "not -to -exceed". Tl ey are willing to work in any capacity that the HRA
would like.
Presbyterian emphasized that they are a senior service organization, which
means they provide needed services to tenants beyond the basic housing. They
are guaranteed allocation for Greater Minneapolis Metropolitan Housing
Corporation funds, which is a loan for project planning.
Elim stressed that they serve seniors, which is an important aspect of this
project.
Stuart Corporation stated they would like to be the project coordinator, and
have an interest in the development as they own two properties bordering the
senior site.
Chairman Crain stated that there needs to be a comparison of the proposals.
He suggested that they start with an assumption that 100% of the units be
subsidized.
Commissioner Edson cautioned that if 100% of the units are subsidized that the
interest for market rate units would be overlooked.
Commissioner Ricker agreed that initially they should look at 100% subsidy.
He stated that the HRA should help the lower income citizens, as they have the
greatest need, and that is the purpose of the HRA.
Commissioner Ludovissie stated that previously it has been suggested setting
aside a portion of the units for "deep subsidy" and spread the remaining
across the board. Commissioner Ludovissie agreed that the HRA needs to
address the needs of the low and moderate income people first.
Director Dillerud was directed by the HRA Commission to create pro -forma
spreadsheets with the same split of apartments as in the Ehlers Analysis; full
cost scenario including land and taxes; rents needed to make the project cost
effective; and, add in various assumptions. Director Dillerud was also
directed to do a comparison of the pro -formas that have been presented with
the Ehlers Analysis.
Commissioner Edson stated that Elim and Stuart Corporation could submit pro -
formas to Director Dillerud as soon as possible so he would have the
information for the comparison. He cautioned the developers not to spend a
lot of time on the pro -formas, as this is not a formal proposal.
Director Dillerud stated that this is only informal pro -formas, as it has not
been advertised for proposals.
YEAR END STATUS REPORTS:
Director Dillerud listed what cities the portability clients are coming from.
He stated that the Section 8 Program software has been loaded on the system.
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OTHER BUSINESS:
Commissicner Ludovissie stated that he has enjoyed serving on the HRA
Commission for the last five years.
Chairman Crain and Comwissioner Ricker stated that they would like
Commissioner Ludovissie reappointed for another term.
Meeting Adjourned : 15 p---