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2015.05.05 EDA Meeting PacketAGENDA ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL REGULAR MEETING • TUESDAY, MAY 5, 2015 FOLLOWING THE 7:00 P.M. CITY COUNCIL MEETING CRYSTAL CITY HALL COUNCIL CHAMBERS Call to order 2. Roll call 3. Approval of minutes from the April 7, 2015 regular meeting * 4. Consider authorizing an option agreement with Novak -Fleck for the lot at 5255 Edgewood Avenue North * 5. Other business 6. Adjournment * Materials attached Minutes of the Crystal Economic Development Authority Regular Meeting April 7, 2015 President Peak called the regular meeting of the Crystal Economic Development Authority to order at 8:25 p.m. Upon call of the roll, the following members were present: Jim Adams, Elizabeth Dahl, Julie Deshler, Jeff Kolb, Laura Libby, Olga Parsons and Casey Peak. The following staff members were present: Anne Norris, Executive Director; John Sutter, Community Development Director; and Troy Gilchrist, City Attorney. Motion by Commissioner Kolb (Deshler) to approve the minutes of the March 17, 2015 special meeting. Motion carried. The EDA held a public hearing to consider a resolution authorizing the sale of a lot at 6526 45th Avenue North to Novak -Fleck for new house construction. President Peak opened the public hearing. No one appeared and the hearing was closed. Motion by Commissioner Deshler (Adams) to adopt Resolution #2015-4 authorizing the sale of a lot at 6526 45th Avenue North to Novak -Fleck for new house construction. Motion carried. The EDA held a public hearing to consider a resolution authorizing the sale of a lot at 6601 62nd Avenue North to Tollberg Homes for new house construction. President Peak opened the public hearing. No one appeared and the hearing was closed. Motion by Commissioner Adams (Dahl) to adopt Resolution #2015-5 authorizing the sale of a lot at 6526 45th Avenue North to Tollberg Homes for new house construction. Motion carried. The EDA discussed the possibility of acquiring vacant Hennepin County -owned land at 5926 56th Avenue North and 5612-5618 Adair Avenue North. Mr. Sutter provided updates on the EDA lot at 4331 Vera Cruz Avenue North and the Gaulke development at 3908-3924 Douglas Drive North. Motion by Commissioner Adams (Deshler) to adjourn the meeting. Motion carried. The meeting adjourned at 8:51 p.m. Casey Peak, President ATTEST: Olga Parsons, Vice President EDA STAFF REPORT 5255 Edgewood (CRYSTAL Lot option proposal from Novak -Fleck FROM: John Sutter, Community Development Director DATE: April 30, 2015 TO: Anne Norris, Executive Director (for May 5 EDA meeting) SUBJECT: Consider tentative acceptance of proposal and authorizing an Option Agreement with Novak -Fleck for the lot at 5255 Edgewood Avenue North Novak -Fleck has submitted a proposal to option the lot at 5255 Edgewood Avenue North. The option duration would be 6 months for $500 and is renewable for another 6 months for an additional $500. The lot price is $50,000. Novak -Fleck is a state -licensed residential building contractor with no enforcement actions. Attached are a 2012 aerial photo, builder's proposal form, and preliminary site and house plans for a split entry home. It would have 1,237 sq. ft. on the upper level, with an open living - dining -kitchen area, three bedrooms and two bathrooms. It would also have 1,144 unfinished sq. ft. on the lower level, which could be finished in the future with two bedrooms, one bathroom and a very large family room. The house would be essentially identical to one completed and sold in 2014 at 4720 Douglas Dr. The required public hearing would be scheduled at such time as the builder decides to exercise the option. REQUESTED EDA ACTION: EDA tentative approval of the plans and authorization of an option agreement with Novak -Fleck for the EDA lot at 5255 Edgewood Avenue North. Page 1 of 1 r lupp- R'" `� !'' -. �; `��; ,_� � it h ;. ' :`• wr A to makmm ' 1•, 7' 4- le t €1 • � .:, } r fir" Im 17 .- � 1 • uigt 1 !T ., t 25Q&7 1 133.14 - 133.14 0 78 1 13315 s _� r c 1:;311 1 s cr 26324 0 0. arm CD 4 ;.I jlAeA bill .. ?1 PROPOSALFORM PROPOSAL TO THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL 6255 EDGEWOOD AVENUE NORTH CHECK ONE: _ BUILDER OFFERS $50,000 TO PURCHASE THIS LOT BUILDER OFFERS $500 FOR A SIX-MONTH OPTION TO PURCHASE THIS LOT FOR $50,000 This proposal is not a purchase agreement or other binding contract. At this time, the Builder is submitting a proposal to purchase this lot and build a new single family house in accordance with -the RFP Guidelines, or is requesting a six-month option for same. If a builder's proposal is tentativeiy accepted by the EDA board, then EDA staff would work with the Builder to determine the specific house plan and present it at the next EDA meeting. If the EDA board gives final approval at that time, the Builder would sign a Purchase & Redevelopment Agreement and provide $2,000 earnest money for the lot. Only after such an Agreement is signed would a binding contract exist between the EDA and the Builder. Builders may purchase a 6 -month option on a lot for $500, renewable for an additional 6 months for an additional $500. The option provides the builder with exclusive rights to purchase the lot and build a house subject to the normal EDA process, requirements and guidelines. As a condition of the option, the builder must list the lot with a to -be -built house on the MLS for the duration of the option. The number of options is limited: No builder may have options on more than 10% of the EDA's lots, and no more than 50% of the FDA's lots may be under option at any time. BUILDER: (Builder is required to be a Residential Building Contractor licensed by the State of Minnesota.) Name: V-'LfZ: t K - __ State License Number:�I to Tel (1):7to -5_Ll_q — Y ASSTel (2): Address:R8 5-7 Z654VW)D A -VL lel Email: - I City/State/Zip: r -o 14 ch f'GL�I Signature REQUIRED ATTACHMENTS AND ADDITIONAL INFORMATION: o Attach one representative example of a house you would plan to build on this lot if your proposal is selected. It does not need to show exactly how it would be placed on the lot; it just needs to show the approximate size, quality and features you would anticipate a new house would have on this lot. A specific house plan would be determined after a proposal is tentatively accepted by the EDA. ❑ The EDA will only sell lots to builders who have experience in house construction in Minnesota. Please list the addresses of three houses you have built in Minnesota within the last five years, or attach other evidence of qualification for review by the EDA: House 91: J O►d,4 a_6r AvZ=- House #2:_7'(-! ir'L-oil 0(L-) V House #3. SUBMIT PROPOSAL TO: - Attn: John Sutter, Crystal EDA, 4141 Douglas Dr N, Crystal MN 55422 TEL: 763.631.1142 FAX: 763.531.1188 aohn.sutter _crystalmn.nov. PROPOSALS MAY BE SUBMITTED BY HAND DELIVERY, U.S. MAIL, FAX, OR EMAIL (.pdf format). PROPOSALS MAYBE SUBMITTED AT ANYTIME AND WILL BE CONSIDERED ON A "FIRST COME, FIRST SERVED" BASIS UNLESS THE LOT HAS BEEN OPTIONED BY ANOTHER BUILDER. x � ' N ► U O v k CD ,,corner of fence 0.3 W & 0.2 N 00 of property corner Nj -- °58'16" E 60.00 --oj N 00Ca overhe� ad wires rn k°j N Ui wood fence Utility Easement I I k00 0 :� O 3 va / a V \��ii . -h �O (D N / CD N C V N rr^^ V! 0 O Q W °�00 _ CD CD k A 00 fp 0 /� 14. 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