Members: Council Members Cam Gordon (Chair), Jeremiah Ellison (Vice-Chair), Kevin Reich, Lisa Goodman, Lisa Bender, and Jeremy Schroeder (Quorum: 4)
Committee Coordinator: Irene Kasper, (612) 673-2216
Passage of Resolution approving the 14th and Central Tax Increment Financing (TIF) Plan for development at 854, 902, and 904 14th Ave NE.
Passage of Resolution authorizing the issuance of a tax increment revenue note to 14th and Central, LLLP, in a principal amount not to exceed $3,495,000.
Authorizing a redevelopment contract and other necessary documents related to the recommended actions with 14th and Central, LLLP or affiliated entity.
Approving additional funding up to $375,000 from the Affordable Housing Trust Fund Contingency Pool for the Maya Commons project located at 937 13th Ave S to PPL Bunge LP, an affiliate of Project for Pride in Living (PPL) or its affiliated entity.
Passage of Resolution acknowledging support for projects that submitted applications to the 2019 Hennepin County Transit-Oriented Development Program, as follows:
Amber Apartments (4525 Hiawatha Ave), by RS Eden;
Gateway Northeast (2435 Marshall St NE), by Common Bond Communities;
Midtown Corner (2913 26th Ave S), by Wellington Management;
Northside Artspace Lofts (221 Irving Ave N), by Artspace Projects Inc.; and
Regional Apprenticeship and Training Center (1200 Plymouth Ave N), by Northgate Development.
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:
Jul 12, 2019
Next Committee meeting:
Jul 17, 2019
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Para asistencia 612-673-2700 - Rau kev pab 612-673-2800 - Hadii aad Caawimaad u baahantahay 612-673-3500.