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Agenda

An outline of matters presented during the meeting arranged by a prescribed order.

Housing Policy & Development Committee Agenda

Standing Committee of the City Council
and
Minneapolis Community Development Agency Operating Committee
Minneapolis, Minnesota
Regular Meeting
November 7, 2018 - 1:30 pm
Room 317, City Hall
Members: Council Members Cam Gordon (Chair), Jeremiah Ellison (Vice-Chair), Kevin Reich, Lisa Goodman, Lisa Bender, and Jeremy Schroeder (Quorum: 4)
Clerk: Irene Kasper, (612) 673-2216

Public Hearing

  1. 2 Land sale: 1124 24th Ave N to Jenny Investments LLC This link open a new window(2018-01335)
    1. Passage of Resolution approving the sale of the property at 1124 24th Ave N, (Disposition Parcel No. MH-95), to Jenny Investments LLC for $28,000, subject to conditions.  If Jenny Investments LLC fails to close, approving the sale of property to PRG Inc. for $28,000, subject to conditions.

  2. 3 Land sale: 2212 36th Ave N to Top Property Solutions, LLC This link open a new window(2018-01336)
    1. Passage of Resolution approving the sale of the property at 2212 36th Ave N, (Disposition Parcel No. MH-96), to Top Property Solutions, LLC. for $20,000, subject to conditions. If Top Property Solutions, LLC. fails to close, approving the sale to RLS Investments LLC for $20,000, subject to conditions.

  3. 4 Land sale: 3518 Emerson Ave N to Greater Metropolitan Housing Corporation This link open a new window(2018-01337)
    1. Passage of Resolution approving the sale of the property at 3518 Emerson Ave N, (Disposition Parcel No. MH-103), to Greater Metropolitan Housing Corporation for $7,500, subject to conditions.

  4. 5 Land sale: 3547 Humboldt Ave N to Greater Metropolitan Housing Corporation This link open a new window(2018-01338)
    1. Passage of Resolution approving the sale of the property at 3547 Humboldt Ave N, (Disposition Parcel No. MH-104), to Greater Metropolitan Housing Corporation for $7,500, subject to conditions.

  5. 6 Modifications to 10 Tax Increment Financing (TIF) Plans to increase the TIF budgets for affordable housing This link open a new window(2018-01339)
    1. Passage of Resolution approving modifications to Tax Increment Financing (TIF) Plans for the West Side Milling District, Heritage Landing Apartments, Historic Milwaukee Depot Reuse, Stinson Technology Campus, Former Federal Reserve, East Hennepin & University, Grant Park, Ivy Tower, East River/Unocal Site, and Consolidated Redevelopment TIF Districts, which increases the maximum amount of tax increment revenue that can be spent over the life of each TIF district on qualifying affordable housing that's located anywhere in the City.

Consent

  1. 7 Pinnacle Management, LLC exclusive development rights for the Satori Project: 1830 and 1832 Bryant Ave N and 817 1/2 W Broadway Ave This link open a new window(2018-01264)
    1. Approving a waiver for payment of holding costs associated with the exclusive development rights granted to Pinnacle Management for the Satori Project at 1830 and 1832 Bryant Ave N and 817 1/2 W Broadway Ave.

  2. 8 Decertification of the Portland Place Tax Increment Financing District This link open a new window(2018-01265)
    1. Passage of Resolution approving the decertification of the Portland Place Tax Increment Financing (TIF) District as of Dec. 31, 2018, and authorizing the City's Finance Officer to establish any appropriations necessary to return surplus tax increment revenue from the TIF district to Hennepin County for redistribution.

  3. 9 628 Franklin Ave E exclusive development rights This link open a new window(2018-01326)
    1. Approving the granting of exclusive development rights for development of 628 Franklin Ave E to D.I.V.I.N.E., or an affiliate.

  4. 10 Project analysis authorization for The Redwell Apartments: 1000 3rd St N This link open a new window(2018-01328)
    1. Authorizing staff to continue analysis of The Redwell (1000 3rd St N) proposal to determine if tax increment financing (TIF) assistance is appropriate and justifiable.

    2. Authorizing staff to negotiate the terms and conditions of a redevelopment contract with The Redwell, LLP or an affiliated entity and prepare redevelopment and TIF plans for the project as needed, if further directed analysis concludes TIF assistance is appropriate. All such terms, conditions, plans and other provisions would be subject to City Council review. 

  5. 11 Home Ownership Works (HOW) program developers This link open a new window(2018-01342)
    1. Approving developers to participate in Home Ownership Works (HOW) program as follows:  American Indian Community Development Corporation (AICDC); BuildWealth MN (BuildWealth); City of Lakes Community Land Trust (CLCLT); Twin Cities Habitat for Humanity (TCHFH); Project for Pride in Living (PPL); Urban Homeworks (UHW); Northside Home; PRG, Inc (PRG); and Greater Metropolitan Housing Corporation (GMHC).

    2. Approving modification to HOW Program Guidelines to allow for annual qualification of eligible developers.

    3. Approving delegation of authority to the Department of Community Planning & Economic Development Director to create an annual list of HOW program developers based on the approved criteria for qualifications.

Discussion

  1. 12 Preliminary reservation of Year 2019 Low Income Housing Tax Credits (LIHTC) This link open a new window(2018-01333)
    1. Approving a total of $1,570,578 in Year 2019 Low Income Housing Tax Credits for the following projects:

      1. Maya Commons, 937 13th Ave SE, in the amount of $587,103
      2. Amber Apartments, 4525 Hiawatha Ave, in the amount of $983,475
  2. 13 2018 Affordable Housing Trust Fund (AHTF) award and 2018 Pipeline AHTF award This link open a new window(2018-01345)
    View Items
  3. 14 Project analysis authorization for Portland at Third Apartments: 500-530 3rd St S This link open a new window(2018-01327)
    1. Authorizing staff to continue the analysis of the Portland at Third Apartments (500-530 3rd St S) proposal to determine if Tax Increment Financing (TIF) assistance is appropriate and justifiable.

    2. Authorizing staff to negotiate the terms and conditions of a redevelopment contract with Sherman Associates or an affiliated entity and prepare Redevelopment and TIF Plans for the project, subject to future City Council review. 


Notice:
A portion of this meeting may be closed to the public pursuant to MN Statutes Section 13D.03 or 13D.05.
Actions referred to Council: Nov 16, 2018
Next Committee meeting: Nov 28, 2018
Submit written comments to: [email protected]

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A portion of this meeting may be closed to the public pursuant to MN Statutes Section 13D.03 or 13D.05.

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