Press Alt + R to read the document text or Alt + P to download or print.
This document contains no pages.
2013.02.05 EDA Meeting PacketAGENDA
ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL
• REGULAR MEETING •
TUESDAY, FEBRUARY 5, 2013
6:30 P.M.
CRYSTAL CITY HALL
COUNCIL CHAMBERS
1. Call to order
2. Roll call
3. Consider approval of minutes from the January 3, 2013, annual meeting and the
January 15, 2013, work session *
4. Consider acceptance of the 2012 Annual Report and 2013 Work Program
5. Consider tentative acceptance of a proposal from Novak -Fleck to purchase a lot at 6529
50th Avenue North for construction of a new house *
6. Consider acquisition of a 6709 44th Avenue North for demolition and redevelopment
7. Other business
8. Adjournment
* Materials attached
01/31/13 G:\EDAWgendas\2013\02.05.docx
Minutes of the
Crystal Economic Development Authority
Work Session
January 15, 2013
President Hoffmann called the work session of the Crystal Economic Development Authority to
order at 7:32 p.m.
Upon call of the roll, the following members were present: Jim Adams, John Budziszewski, Julie
Deshler, Mark Hoffmann, Laura Libby, Casey Peak and Joe Selton.
The following staff members were present: Anne Norris, Executive Director; Patrick Peters,
Deputy Executive Director; John Sutter, Assistant Community Development Director/City
Planner; and Mike Norton, City Attorney.
The EDA discussed the 2012 Annual Report and 2013 Work Program, both of which will be on
the February 5, 2013, EDA Regular Meeting agenda for consideration.
The work session adjourned at 8:27 p.m
Mark Hoffmann, President
ATTEST:
Julie Deshler, Vice President
Minutes of the
Crystal Economic Development Authority
Annual Meeting
January 3, 2013
Commissioner Hoffmann called the annual organizational meeting of the Crystal Economic
Development Authority to order at 6:45 p.m.
Upon call of the roll, the following members were present: Jim Adams, Julie Deshler, Mark
Hoffmann, Laura Libby, Casey Peak and Joe Selton.
The following staff members were present: Anne Norris, Executive Director; Patrick Peters,
Deputy Executive Director; and Mike Norton, City Attorney.
City Clerk Chrissy Serres administered the oath of office to Jim Adams, Laura Libby, Casey
Peak and Julie Deshler.
Commissioner Hoffmann placed into nomination a slate of EDA officers for 2013.
Motion by Commissioner Selton (Adams) to approve the following slate of officers for 2013
President: Mark Hoffmann
Vice President: Julie Deshler
Secretary: John Budziszewski
Treasurer: Joe Selton
The EDA considered the 2013 meeting calendar.
Motion by President Hoffmann (Selton) to approve the 2013 meeting calendar.
Motion carried.
Motion carried.
Motion by Commissioner Selton (Hoffmann) to approve the minutes of the December 18, 2012,
special meeting.
Motion carried.
Motion by Commissioner Peak (Libby) to adjourn the annual meeting.
Motion carried.
The meeting adjourned at 6:52 p.m.
Mark Hoffmann, President
ATTEST:
Julie Deshler, Vice President
MEMORANDUM
ciTr of FROM: John Sutter, City Planner/Assistant Community Development Director
CRYSTAL
DEPARTMENT HEAD REVIEW: Patrick Peters, Community Development Director n
DATE: January 30, 2013
TO: Anne Norris, Executive Director (for February 5, 2013 EDA meeting)
SUBJECT: Consider 2012 Annual Report and 2013 Work Program
Enclosed please find the proposed EDA 2012 Annual Report and 2013 Work Program.
Regarding the questions raised by EDA members at the January 15 work session:
A. In the Annual Report, properties are now listed by year of acquisition. (Please see
Section 1 on pages 1-2 and Section 9 on page 5.)
B. In the Work Program, we have added language to Section 5 on page 2 to clarify that
actual property purchases and sales will depend on market conditions, and each would
require EDA board approval.
C. In the Notice of Lot Availability attached to the Work Program, the 'lot prices are firm
and non-negotiable" statement has been removed. Instead, staff would consider builder
proposals at lower price points depending on the following factors:
• Tenure: How long has the EDA owned the lot?
• Lack of recent lot sales nearby: Is this a neighborhood where the EDA has a
number of lots available but little interest from builders? Could this lot sale get
things started in the neighborhood?
• Property characteristics: Are there factors unique to the lot to justify a reduced
price, such as potentially undesirable or incompatible adjacent uses?
• Quality of the new house: Is the builder proposing an especially nice house on the
lot? Is it a custom build situation?
This approach only works if the EDA board is comfortable with staff making judgment
calls regarding these factors while negotiating with builders to bring a proposal to the
EDA. (As before, the EDA board would ultimately still decide whether to accept any
particular lot sale proposal.)
D. Regarding listing lots on the MLS, staff was able to use a FSBO realtor to list one lot
(4330 Zane) as a trial run. The listing information and a map showing MLS -listed lots in
the northwest metro are attached. The main benefit to putting the lots on the MLS is to
put "dots on the map" for people using the MLS to look for available lots on which to
build. As you can see, there are no suburban MLS -listed lots <$80,000 until you get out
to Rogers and beyond. The cost is $300 for one year plus a $100 commission if the lot
is sold to a builder represented by a realtor.
PAGE 1 OF 2
Staff suggests the following options for EDA consideration:
1. Have one lot listed on the MLS (currently 4330 Zane). This minimizes cost but puts
just one "dot on the map". It also may give the impression that it's the only lot
available. ($300 + $100 commission if it is sold to a builder represented by a
realtor.)
2. List 4330 Zane plus three other lots in different neighborhoods to put a spread of
"dots" across Crystal. This still fails to show all of the EDA lots, but at least it
suggests that multiple lots are available. ($1,200 + $400 commission if the four lots
are sold to builders represented by realtors.)
3. List all EDA lots. This would really make Crystal stand out, but it is unknown just
how many people use the MLS to hunt for vacant buildable lots. ($7,500 + $2,500
commission if they are all sold to builders represented by realtors.)
Because the 4330 Zane listing has only been "live" since January 23, we could wait and
see if it generates interest before deciding whether to expand the MLS listings as
described in options 2 and 3 above.
E. Regarding the list price of 4330 Zane, we have listed it at the same $45,000 price as in
2012. However, a negotiated price reduction as discussed in item C on the preceding
page would be considered based on factors specific to this lot.
EDA discussion on these items is requested, followed by consideration of motions accepting
the 2012 Annual Report and approving the 2013 Work Program.
PAGE 2OF2
ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL
2012 Annual Report
The Economic Development Authority of the City of Crystal ("the EDA") formulates and
implements the city's redevelopment and housing improvement programs. It operates
under the provisions of Minnesota Statutes Chapter 469, and has powers similar to a
Housing & Redevelopment Authority.
For residential property, EDA activities generally involve using voluntary acquisitions to
replace blighted, structurally substandard or functionally obsolete houses; or providing
assistance to homeowners to help them make improvements to their houses. Multi-
family and commercial/industrial redevelopment are typically accomplished in larger,
more complex projects made possible by a combination of different funding sources;
they also sometimes require participation by multiple government agencies, non-profit
organizations and businesses.
As in previous years, the EDA recommended and the Council approved an EDA levy to
provide funding for redevelopment activities.
The following are specific descriptions of 2012 EDA activities:
Single Family Residential - Scattered Site Redevelopment
14 lots were sold in 2012: Nine at market rate and Five at no cost to Habitat for
Humanity. Among the nine market rate lots, as of December 31, 2012 seven
houses had been completed and sold and two were nearing completion. The five
Habitat houses are scheduled for construction in 2013-2014.
a) Lots Sold in 2012:
1. 4306 Zane (acquired 1998)
2. 4310 Zane (acquired 2005)
3. 662046 th (acquired 2007)
4. 5533 Xenia (acquired 2010)
5. 4553 Hampshire (acquired 2011)
6. 3548 Regent (acquired 2011)
7. 3541 Regent (acquired 2011)
8. 5918 Kentucky (acquired 2011)
9. 7024 60th (acquired 2012)
10. 5724 Perry (acquired 2010) — to Habitat for Humanity (NSP*)
11. 7041 60th (acquired 2010) — to Habitat for Humanity (NSP`)
12. 3528 Noble (acquired 2010) —to Habitat for Humanity (NSP*)
13. 511635 th (acquired 2010) —to Habitat for Humanity (NSP*)
PAGE 1 OF 5
14. 4312 Brunswick (acquired 2010) —to Habitat for Humanity (NSP*)
*NSP refers to 100% federally funded acquisition and
demolition of foreclosed, vacant and blighted houses.
b) Lots Available as of December 31, 2012:
1. 4330 Zane (acquired 1999)
2. 4326 Zane (acquired 2002)
3. 5527 Xenia (acquired 2007)
4. 5626 Vera Cruz (acquired 2007)
5. 5657 Adair (acquired 2007)
6. 4343 Xenia (acquired 2007)
7. 3533 Lee (acquired 2008)
8. 4331 Vera Cruz (acquired 2008)
9. 5824 Regent (acquired 2008)
10. 5700 Regent (acquired 2009)
11. 6529 50t (acquired 2009)
12. 4633 Douglas Dr (acquired 2009)
13. 5255 Edgewood (acquired 2009)
14. 5548 Yates (acquired 2009)
15. 5715 Regent (acquired 2009)
16. 4901 Vera Cruz (acquired 2009)
17. 4553 Yates (acquired 2009)
18. 541735 th (excess MnDOT property acquired 2010)
19. 3548 Welcome (excess MnDOT property acquired 2010)
20. 3556 Welcome (excess MnDOT property acquired 2010)
21. 4349 Xenia (acquired 2012)
22. 4720 Douglas Dr (acquired 2012)
23. 6601 62nd (acquired 2012)
24. 5335 Corvallis (excess Henn Co property acquired 2012)
25. 5332 50th (excess Henn Co property acquired 2012)
26. 5924 Elmhurst (acquired 2012)
27. 6516 Brentwood (acquired 2012)
Lot sales from 1998-2012 are summarized in the attached Exhibits A (chart) and
B (map). Detailed information about 2010-2012 lot sales is attached as Exhibit C.
2. Single Family Residential - Scattered Site Acquisition and Rehabilitation
The EDA does not acquire and renovate houses because city -managed rehab
projects are not a very cost-effective way of advancing the city's housing goals
when compared with other approaches. Instead, the city utilizes a combination of
regulatory tools, rehab incentives, and other agencies' programs to encourage
home renovations by homeowners, investors, contractors and others in the
private sector.
PAGE 2 OF 5
Single Family Residential - Home Improvement Incentive Rebates
In 1998, Crystal and four other communities partnered with the Greater
Metropolitan Housing Corporation (GMHC) to provide an incentive rebate for
improvements to owner occupied homes. Households up to 120% of Twin Cities
metropolitan area median income are eligible. Funding for this program initially
came from the Minnesota Housing Finance Agency and the Metropolitan
Council. After these outside agencies' funds were exhausted, the EDA approved
the use of local funds including available increment from expiring TIF districts to
maintain the program.
134 Crystal homeowners used the rebate program in 2012. The approximate
locations are mapped in Exhibit D. The total and average 2012 rebates are as
follows:
TOTAL 2012
TOTAL FROM
TOTAL COST OF ALL
REBATES
+ HOMEOWNERS =
2012 PROJECTS
$159,105
$926,024
$1,085,129
AVERAGE 2012 AVERAGE FROM AVERAGE COST OF
REBATE + HOMEOWNER = 2012 PROJECTS
$1,187 $6,911 $8,098
4. Single Family Residential — Deferred Home Improvement Loans
Since 1982, Crystal has used part of its federal Community Development Block
Grant (CDBG) allocation to provide interest-free home improvement loans to
households up to 50% of regional median income. Repayment is deferred for 15
years and then forgiven if the recipient continues to own and occupy the property
throughout that time. Households from 50% to 80% of regional median income
are also eligible but those loans are interest-bearing. Hennepin County
administers this program for Crystal as it does for nine other cities.
By reducing and eventually eliminating the use of CDBG funds for scattered site
redevelopment, the city increased funding for deferred loans in 2000-2002 and
since then has maintained a relatively stable annual funding level of $80,000-
$90,000. In addition to the annual allocation, the program also recaptures
previously loaned funds in cases where the homeowner sells or moves out within
the 15 year term.
During the twelve months ending September 30, 2012, $68,000 was spent on
rehab projects and $77,000 was committed for additional projects. Three
projects were started, four projects were completed and two properties were on
the waiting list.
PAGE 3OF5
5. Single Family Residential — Tax Increment Districts for Housing Renewal
In 2012 the EDA provided $3,808 in down payment assistance for a buyer of a
vacant house using an FHA 203K purchase -rehab loan. The funds will be
recaptured if the homeowner moves out or sells the property within five years.
6. Multi -Family Residential Redevelopment
The Cavanagh (5401 51st Avenue North). In October 2012 the EDA acquired the
8.3 acre Cavanagh property from Robbinsdale Area Schools, which had
determined that the property was no longer needed for school purposes. In
December 2012 the EDA approved the transfer of the east 4 acres to the city for
park purposes and the sale of the west 4.3 acres to a private developer
(Dominium) for construction of affordable senior housing ("The Cavanagh").
The EDA will complete the demolition of the school in spring 2013. Funding is
being provided by Metropolitan Council's Livable Communities Fund for asbestos
abatement and Hennepin County for demolition.
After the school is demolished, the EDA will sell the site to Dominium and they
will begin construction of The Cavanagh. It will be a three story, 130 unit, age -
restricted rental building addressed as 5401 5151 Avenue North. Unit sizes will
range from 1 BR -1 BA to 2BR-2BA and all units will be affordable to households
at or below 60% of Twin Cities metropolitan area median income. Construction
of The Cavanagh will begin in summer 2013 and be completed in 2014.
The approved site plan for The Cavanagh is attached as Exhibit E
7. Commercial and Industrial Redevelopment
New Medical Clinic (5700 Bottineau Boulevard). In May 2011 the EDA
purchased two acres of vacant, excess highway property from Hennepin County
and sold it to a private developer who had also purchased private property from
willing sellers. The developer used the resulting four acre site to build a $12
million, 40,000 sq. ft. medical office building. 90% of the building has been
leased as of December 31, 2012.
8. Site Investigations, Research and Planning
No development activity in 2012.
PAGE 4 OF 5
Land Bankina for Future Redevelopment
In addition to the more immediate redevelopment activities discussed in Section
1, the EDA also takes advantage of opportunities to acquire and hold property
for future development. These parcels will be sold depending on market
conditions, site characteristics and the status of adjacent properties.
As of December 31, 2012 the EDA is holding the following vacant parcels for
future development:
1. 3240 Hampshire (acquired 2000)
2. 3556 Major (acquired 2002 - private donation)
3. 3409 June (acquired 2003 - tax forfeit)
4. 3122 Douglas Dr (acquired 2003)
5. 5901 56th (acquired 2008)
6. 482456 th (acquired 2009)
7. 4741 Welcome (acquired 2009)
8. 3401, 3415 and 3443 Douglas Dr (acquired 2009)
9. 5565 Vera Cruz (acquired 2011 - tax forfeit)
10. 3354 Douglas Dr and 6213 34th (acquired 2011)
11. 3443 Edgewood (acquired 2012 - tax forfeit)
A map of city and EDA -owned property as of December 31, 2012 is attached as
Exhibit F.
PAGE 5 OF 5
O
01
OO
M
r
N
O
N
r
O
N
O
E
o
a
o
m
(Mo
o
m
o
co
a
vi
r
N
M
v
0
t
H
O
SS�8
�
0
Mo
Nr
0
0
0
f9
IA
(9
fA
f9
f9
W
4d
d3
4A
to
fA
di
0
01
V
M
O
N
M
t
o
N
r
In
o
MN
Of
M
a
N
0
M
o
M
M
M
Cl
r
O
O
M
M
N
M
N
M
O
M
M
Oa
N�
y
N
r
A
M
r
N
O
r
OMi
Ori
0
43
fA
i9
19
f9
fy9
W
W
V3
d3
f9
IA
f9
f9
O
N
O
O
o
M
(Op
r
O
O
(O
CJ
r
r
V
O
0
O
0
o
M
N
0
o
V
N
r
V
ai
(V
f0
N
N
M
r
h
V
O
N
(9
N
W
M
f9
V
f9
f0
M
(O
E9
M
M
r
t9
M
f9
M
f9
r
f9
IA
f9
V1
W
In
di
r
O
N
r
W
M
N
N
M
O
M
N
M
O
o
N
M
O
M
M
r
M
M
0
N
m
m
rn
m
o
o
0
00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
N
N
N
N
N
N
N
N
N
N
N
N
N
N
O
N
0 0 0 0 0 0 0 0 0
yG pG O O O O O O O
Yi M M M N N H O W
f9 IA f9 d! 'M rW
N q
c o
�
E
p
m
a �
3 �
nc
Piwa
v
SS�8
�
N
O
N
0 0 0 0 0 0 0 0 0
yG pG O O O O O O O
Yi M M M N N H O W
f9 IA f9 d! 'M rW
Sale Year:
01998-2011
• 2012
0 0.25 0.5 Miles
"M��
N
A
Z
Lid
K-
,3
m
m
W
FUNDING
BLDG
STREET
BUILDER
LOTAREA
SO FT.
LOT
PRICE
LOT
SALE DATE
HOUSE
STYLE
FINISHED
SOFT.
HOUSE
PRICE
HOUSE
SALE DATE
ASSESSOR
EMV
TIE (2150)
4813
Idaho
Novak -Fleck
8,023
$55,000
Apr -10
split
1,200
$177,310
Jun -10
$155,OD0
TIF (2150)
4801
Idaho
Novak -Fleck
8,648
$55.000
Apr -10
split
1,200
$182.436
Jun -10
$176,000
REDEVEL
5309
34th PI
NovakFleck10,026
1,200
$60,000
Apr -10
split
2,000
$203,255
Jun -10
$188,000
REDEVEL
5101
35th
Novak -Fleck
11,707
$55,000
Apr -10
split
2.000
$166,000
Jun -10
$164,000
REDEVEL
5132
34th PI
Novak -Fleck
9,929
$55,000
Apr -10
split
2,000
$222,365
Jun -10
$206,000
REDEVEL
3549
Regent
Novak -Fleck
10.500
$50.000
May -10
split
1,300
$189,690
Aug -10
$176.000
REDEVEL
5918
Idaho
Novak -Fleck
8,004
$45000
Jun -10
split
1,200
$178,065
Aug -10
$160,000
TIF (2150)
3440
Regent
Novak -Fleck
10,492
$55,000
Jun -10
split
1,300
$205,088
Sao 10
$190,000
REDEVEL
4612
Hampshire
Novak -Fleck
8.610
$60,000
Jul10split
Dec -12
2.000
$231,268
Sep -10
$195,000
HE (2150)
4807
Idaho
Novak -Fleck
8,023
$55,000
Aug -10
split
1.300
$198,000
Feb -11
$155,000
REDEVEL
5225
35th
NovakFleck10,026
$1
$55,000
Sep -10
split
1,300
$203,000
Nei
$187,000
TIF (2150)
6420
50th
Novak -Fleck
13,479
$60000
Sep -10
split
1,100
$211,992
Dec10$184,000
7041 60th
TIF (2150)
5708
Elmhurst
Novak -Fleck
12,800
$45,000
Sep -10
split
1,300
$181,400
Nov -10
$134,000
AVERAGE
AVERAGE
AVERAGE
LOT AREA
LOT
LOT PRICE
SO FT
PRICE
PER SO FT
10,021
$54,231
$5.41
n A 1 _a O. I.
AVERAGE
E
AVG HSE
FINISHED
V$111,682
PRICE PER
SO FT
FIN SO FT
147]
I $133.85
AVERAGE
ASSESSOR
EMV
$174615
FUNDING
BLDG STREET
BUILDER
LOT AREA
SO, FT.
LOT
PRICE
LOT
SALE DATE
HOUSE
STYLE
FINISHED
SO. FT,
HOUSE
PRICE
HOUSE
SALE DATE
ASSESSOR
EMV
NSP
5906 Elmhurst
Habitat for Hum.
12,000
$1
Jan -11
rambler
1,588
$147,225
Dec -11
$164,000
HE (2150)
532535th
Novak -Fleck
10,026
$30,000
Apr -11
split
1,200
$170,000
Oct -11
$167,000
REDEVEL
5401 35th
Novak -Fleck
10,026
$25,000
Apr11split
split
1,200
$170,000
Aug -11
$167000
NSP
4259 Vera Cruz
Habitat for Hum.
12,552
$1
May -11
rambler
1,588
$162,150
Apr12"
$177000
REDEVEL
5224 35th
Novak -Fleck
10.086
$50,000
Nov -11
split
1,600
$193,000
May -12
$167,000
Lot orhouse pnce excluded, Irom average:
'lot pace excluded from avg: disecomed due to soil correction
or compliance with federal affordability rules
"house price excluded from avg: does not reflect work
completed by homebuyer, or similar factors
n/a Cr%. 1 ..4 C..I..r
AVERAGE
-AVERAGE
'AVERAGE
LOT AREA
LOT
LOT PRICE
SO FT
PRICE
PER SO FT
10.086
$50,000
$4.98
AVERAGE
"AVERAGE
"AVG HSE
FINISHED
HOUSE
PRICEPER
SO FT
PRICE
FIN SO FT
1,435
$177,667
$123.79
AVERAGE
ASSESSOR
EMV
$168,400
FUNDING
BLDG STREET
BUILDER
LOT AREA
SOFT.
LOT
PRICE
LOT
SALE DATE
HOUSE
STYLE
FINISHED
SOFT.
HOUSE
PRICE
HOUSE
SALE DATE
ASSESSOR
EMV
REDEVEL
662046th
Novak -Fleck
9,840
$60,000
Feb -12
split
1,600
$198800
Jim 12
not yet avail
REDEVEL
3541 Regent
Novak -Fleck
10,500
$50000
Apr -12
split
1,200
$185,900
Jul -12
not yet avail
REDEVEL
3548 Regent
Novak -Fleck
10,500
$50000
Apr -12
split
1.326
$188,800
Aug -12
not yet avail
REDEVEL
4310 Zane
MT Builders
9,851
$45,000
May -12
Iwo story
2,235
$235,300
Aug -12
not yet avail
REDEVEL
4553 Hampshire
Novak -Fleck
7,488
$60,000
Jun -12
split
2076,
$229,755
Sep 12
not yet avail
REDEVEL
5918 Kentucky
NovakFleck7,500
$45,000
Jun -12
split
1,200
$192,000
Sep 12
not yet avail
REDEVEL
7024 60th
Novak -Fleck
14,000
$55,000
Aug -12
split
1,326
$197,900
Nov -12
not yelavail
CDBG
4306 Zane
MT Builders
9,851
$45,000
Sep 12
1story
1,581
not yet avail
REDEVEL
5533 Xenia
Novak -Fleck
8,040
$50,000
Oct -12
split
1,200
not yet avail
NSP
3528 Noble
Habitat for Hum.
7603
$1
Dec -12
rambler
7,442
"
not yet avail
NSP
511635th
Habitat for Hum.
12,258
$1
Dec -12
rambler
1,348
not yet avail
NSP
4312 Brunswick
Habitat for Hum.
7.686
$1
Dec -12
rambler
1,442
not yet avail
NSP
5724 Perry
Habitat for Hum.
11,247
$1
Dec -12
rambler
1,404
notyetavail
NSP
7041 60th
Habitat for Hum.
18,030
$1
Dec -12
rambler
1,414
not yet avail
Lot or house price excluded from average:
'lot price excluded from avg; discounted due to soil correction
or compliance with federal affordability rules
"house pnce excluded Irom avg: does not reflect work
completedbyhomebuyer, orsimilarfactors
14 LU IS SULU:
AVERAGE
'AVERAGE
'AVERAGE
LOTAREA
LOT
LOT PRICE
SO FT
PRICE
PER SO FT
9,730
$51,111
$5.25
AVERAGE
"AVERAGE
"AVG HSE
FINISHED
HOUSE
PRICE PER
SO FT
PRICE
FIN SO FT
1,485
$204.065
$137.39
AVERAGE
ASSESSOR
6EMV
notyetavail
CY)
c�
^
C
(6
O
O
=
ry
U
O
�
a)
-i
E
O
cu
U
>
.E
N
O
X
O
V--
Q
O
EO_
N
—
CL
Q
z
Z
Z
9
Ie
A
Z
47TH AVE N
0 1000 2000 Feet
0
m
Z
r�.
Z
It.d{��t�� .... �:.•�iy+�r._rry, P ,M'f`r..
_.yJ•.
A/,�.,
LU
■■� e
i
4 G
lilili
• P I
0-
0
W
ui
bZ+
Y
T
p
W
i
L
n
ca
x a s
—
W
f Ips �
U
�
�
LU
LU
®
W
CL
r�.
ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL
2013 Work Program
Deferred Home Improvement Loans (administered by Hennepin County)
$80,000 planned expenditures (all from Community Development Block Grant)
This ongoing program is administered by Hennepin County and offers no -interest
loans to Crystal homeowners below 50% of Twin Cities metropolitan area median
income. The anticipated funding level would typically allow four projects in
Crystal per year. The loans are 100% forgiven after 15 years provided the
homeowner continues to own and occupy the property; if they sell or move, the
loan is due and payable in full, and the recaptured funds would be used to assist
another homeowner in a similar manner. Also available are deferred loans with a
modest interest charge for homeowners between 50% and 80% of AMI. The
county's administrative costs are embedded within overall CDBG funding.
2. Home Improvement Incentive Rebates (administered by GMHC)
$267,000 planned expenditures
$200,000 from TIF Housing Districts (#2152 & #2153)
$67,000 from EDA Fund
This ongoing program offers a rebate for homeowners who complete home
improvement projects. The program is administered by the non-profit Greater
Metropolitan Housing Corporation ("GMHC") at its Housing Resource Center
located at 2148 44th Avenue North in Minneapolis. Homeowners with household
income less than 50% of Twin Cities metro area median income ("AMI") qualify
for a 20% rebate (TIF -funded); 50%-80% AMI qualify for a 15% rebate (TIF -
funded); 80%-120% AMI qualify for a 10% rebate (EDA -funded). Households
over 120% AMI are not eligible.
To be eligible for a rebate, the application must be made before beginning the
project, and the project must have a total cost of at least $2,000. No property
may receive rebates totaling more than $10,000 in one year.
Community Fix -Up Fund Interest Rate Buy -Down (administered by GMHC)
$25,000 planned expenditures from TIF Housing Districts (#2152 & #2153)
The EDA will provide funds to buy down the interest rate for Crystal homeowners
using Community Fix -Up Fund loans from GMHC's Housing Resource Center.
Maximum household income is 100% of the Twin Cities metro area median (if a
household of 1-2 people) or 115% (if a household of 3+ people). Minimum loan is
$2,000; maximum is $35,000. Maximum loan -to -value ratio is 110% of the after -
PAGE 1 OF 3
rehab value. Maximum loan term is 10 years (for loans up to $10,000) or 20
years (for loans over $10,000). The interest rate, normally 5.75%, will be
discounted to 3%. The Minnesota Housing Finance Agency has awarded
$37,500 for this program over two years; these funds will be expended before the
EDA's TIF funds are used. There are no administrative costs for the EDA.
4. Purchase -Rehabilitation Incentive (FHA 203K) (administered by GMHC)
$11,000 planned expenditures from TIF Housing District #2 (#2153)
S.
This program was set up in mid -2009 to create an incentive for buyers of
foreclosed or vacant houses needing significant repairs, provided that the
homebuyer is using the HUD/Federal Housing Administration's "203K" purchase -
rehabilitation loan program. The EDA will provide downpayment and closing
costs assistance for 3% of the purchase price up to a maximum of $5,000. The
assistance will be in the form of an interest-free deferred loan which will be
forgiven if the homebuyer owns & occupies the property for five years. The
funding source will be available increment from TIF Housing Districts (#2152 &
#2153). This incentive may be used for any vacant single family house in the city.
To qualify, the buyer's household income could not exceed 110% AMI for a 1-2
person household or 115% AMI for a 3+ person household. The program will be
administered by GMHC's Housing Resource Center; administrative costs will be
$500 for each grant.
$225,000 planned expenditures (all from EDA Fund)
$325,000 planned revenues
This would be a continuation of the city's longstanding acquisition, demolition and
lot sale program. The adopted budgets are based on three properties being
acquired/demolished and seven lots being sold for new house construction,
although actual property purchases and sales would depend on market
conditions and each transaction requires specific EDA board approval. As
opportunities arise, additional property acquisitions may be authorized by the
EDA using the fund balance. The 2013 Notice of Lot Availability is attached.
6. Other Redevelopment
The Cavanagh (5401 51't Avenue North). The EDA will demolish the existing
school building in spring 2013 then sell the 4.3 acre school site to Dominium for
construction of The Cavanagh. It will be a three story, 130 unit, age -restricted
rental building addressed as 5401 51St Avenue North. Unit sizes will range from
1 BR -1 BA to 2BR-2BA and all units will be affordable to households at or below
PAGE 2OF3
60% of Twin Cities metropolitan area median income. Construction of The
Cavanagh will begin in summer 2013 and be completed in 2014.
Excess Hwy 100 Property from MnDOT. The EDA obligated available increment
from expiring TIF District #1 (#2150) to acquire six parcels of excess MnDOT-
owned highway right-of-way left over from the reconstruction of Trunk Highway
100. Three of the acquisitions have closed and the lots are available for
construction of new single family homes: 5417 35th, 3548 Welcome and 3556
Welcome. The other three acquisitions will close as soon as specific issues
related to each parcel are resolved:
• 552034 th (single family lot): Prior to MnDOT acquisition, commercial uses
including a dry cleaner were located on this site. Hennepin County paid for
Phase 1 and Phase 2 environmental investigations which concluded that
development may occur on the site. However, a response action plan and
construction contingency plan must be prepared to satisfy MPCA. The
$45,000 purchase price proposed by MnDOT will be renegotiated to reflect
the results of the environmental investigations.
• 3600 Welcome (1 acre zoned Neighborhood Commercial for office or similar
use): Prior to MnDOT acquisition, commercial uses including a gas station
were located on the east half of this site. Hennepin County paid for Phase 1
and Phase 2 environmental investigations which concluded that development
may occur on the site. However, a response action plan and construction
contingency plan must be prepared to satisfy MPCA. The $127,500 purchase
price proposed by MnDOT will be renegotiated to reflect the results of the
environmental investigations.
• 5501 32"d (2.6 acres zoned low density residential for up to 14 units). Prior to
MnDOT acquisition, a row of single family houses (30xx-31xx Vera Cruz)
occupied this site. The $255,000 purchase will close as soon as Engineering
staff and Three Rivers Park District finalize an easement for the Bassett
Creek Regional Trail which will be located between this development site and
the noise wall.
Redevelopment Fund Balance
The EDA board may authorize expenditure of part of its fund balances during the
year to respond to unforeseen opportunities. The amount available at any
particular time cannot be predicted because the fund balance varies throughout
the year depending on expenditures incurred and, especially, revenue from
unanticipated property sales. The EDA board would consider the condition of a
particular fund balance when considering expenditures from same.
PAGE 3OF3
ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL
2013 NOTICE OF LOT AVAILABILITY - FEBRUARY 8, 2013
The Economic Development Authority of the City of Crystal is seeking proposals from builders to purchase the
following lots for construction of new single family houses. Please see the Request for Proposal packet which
may be downloaded from the Redevelopment page at www.crystalmn.gov.
PROPERTY
ADDRESS
DIMENSIONS (approx.)
width x depth areas . ft.
LOT
PRICE
NOTES
see p. 2
3533 Lee Ave N, Crystal MN 55422
40 x 128
5,120
$40,000
5
5417 35th Ave N, Crystal MN 55422
irregular
8,095
$40,000
6
4326 Zane Ave N, Crystal MN 55422
45 x 216
9,720
$45,000
3,5
4330 Zane Ave N, Crystal MN 55422
45 x 216
9,720
$45,000
3,5
4553 Yates Ave N, Crystal MN 55422
67 x 97
6,470
$45,000
5332 50th Ave N, Crystal MN 55429
irregular
10,000
$45,000
6
5335 Corvallis Ave N, Crystal MN 55429
irregular
12,058
$50,000
6
4331 Vera Cruz Ave N, Crystal MN 55422
45 x 209
9,405
$50,000
4349 Xenia Ave N, Crystal MN 55422
50 x 216
10,800
$50,000
3,5
4343 Xenia Ave N, Crystal MN 55422
50 x 216
10,800
$50,000
3,5
4633 Douglas Dr N, Crystal MN 55422
75 x 132
9,963
$50,000
4901 Vera Cruz Ave N, Crystal MN 55429
irregular
13,469
$50,000
5255 Edgewood Ave N, Crystal MN 55428
60 x 133
7,989
$50,000
6516 Brentwood Ave N, Crystal MN 55428
75 x 135
10,125
$50,000
5924 Elmhurst Ave N, Crystal MN 55428
75 x 160
12,000
$50,000
5527 Xenia Ave N, Crystal MN 55429
60 x 134
8,040
$50,000
3
5548 Yates Ave N, Crystal MN 55429
79 x 134
10,575
$50,000
5626 Vera Cruz Ave N, Crystal MN 55429
66 x 135
8,910
$50,000
2
5657 Adair Ave N, Crystal MN 55429
74 x 134
9,916
$50,000
5700 Regent Ave N, Crystal MN 55429
75 x 135
10,125
$50,000
2
5715 Regent Ave N, Crystal MN 55429
75 x 135
10,125
$50,000
2
6601 62nd Ave N, Crystal MN 55429
62 x 169
10,498
$50,000
3548 Welcome Ave N, Crystal MN 55422
irregular
8,960
$55,000
4,6
3556 Welcome Ave N, Crystal MN 55422
irregular
17,521
$55,000
4,6
5824 Regent Ave N, Crystal MN 55429
75 x 135
10,125
$55,000
2
1 6529 50th Ave N, Qystal MN 55428
go X 129
-1-1-,610
$60-;080
SALE PENDING
PAGE 1 OF 2
NOTES SPECIFIC TO PARTICULAR LOTS:
1
The existing house may still be present but demolition is in the works.
This lot is mapped by the Metropolitan Airports Commission (MAC) as being within the Crystal Airport's 60 DNL
noise contour forecast for the year 2025. This is the lowest -level noise contour mapped by MAC in its plan for
2
this airport. Builders are encouraged but not required to construct the house in accordance with the Builders
Guide available from Metropolitan Council. This lot is not located in a Runway Protection Zone or Safety Zone for
the Crystal Airport.
This lot is adjacent to another EDA lot but both lots shall remain separate lots for construction of a single family
3
house on each lot. The EDA will not consider proposals to combine the lots or build a duplex. These adjacent lots
do not need to be purchased (or optioned) by the same builder.
This lot is adjacent to another EDA lot but both lots shall remain separate lots for construction of a single family
4
house on each lot. The EDA will not consider proposals to combine the lots or build a duplex. These adjacent lots
must be purchased (or optioned) simultaneously by the same builder.
5
Due to narrow lot width and the presence of an alley, the garage must be accessed from the alley not the street.
6
This lot is excess MnDOT property from Hwy 100 or excess Henn Co property from CR81, and may not yet show
up as a distinct parcel.
GENERALNOTES:
The EDA considers proposals on a "first-come, first-served" basis. This means that the first proposal offering to buy the
lot and build a house meeting our guidelines will be presented to the EDA for their consideration. The EDA retains
absolute discretion to decide whether to accept any particular proposal.
Proposals must be submitted by state -licensed builders who have built at least three houses in Minnesota in the last five
years, or have equivalent experience acceptable to the EDA. The house may be built speculatively or for a specific
buyer. If you would be the house buyer, then your builder must submit the proposal; and if the proposal is accepted, then
the EDA would sell the lot to your builder.
The new house must be an owner -occupied, single family house. It must have at least three bedrooms, two bathrooms,
and a two -car garage (attached or detached, depending on the site). On a case-by-case basis, the EDA may also
consider the sale of a lot to provide a new location for an existing house currently located in Crystal. The moved house
would have to meet the general requirements described above, be brought up to current codes, and have a final value
and long-term viability comparable to a new house.
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
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 EDA's lots may be under option at any time.
PAGE 2 OF 2
Kris Pratt
Accounts Manager- HomeAvenue, Inc.
A Better Way to Buy and Sell a Nome.
4330 Zane Ave N, Crystal, MN 55422
Status: Active List Price: $45,000
Front Dimensions: 45 TAX INFORMATION
Left Dimensions: 216 Property ID:
Right Dimensions: 216 Tax Year:
Rear Dimensions: 45 Tax Amt:
Acres: 0.22 Assess Bal:
Min Lot Size: Tax w/assess:
Assess Pend:
Homestead:
Plat Recorded:
krisghomeavenue.cem
Office: 952-929-7355
Fax: 952-924-0283
Customer Full Display, Lots & Land, MLS #: 4330808
Original List Price: $45,000
areyau
v J
School District:
Park
s
Open
Restrictions/Gouts:
CAVANAGH
OAKS
102
Improvements:
Curbs, Paved Streets, Sidewalks, Storm Sewer
Zoning:
WELCOME PARK
Road Frontage:
FLORIDA
Lot Description:
Tree Coverage - Light, City Bus (w/in 6 bilks)
VENUE NORTH
44th AveN
On Site Utilities:
Z
Y
Finished Lot
0
Tillable Acres: Topography: Level
/
o 4Znu AveN 100
Ck
DGEN/OOD
-_NUE NORTH: B,2J13 tl Vrosoft 0orp;•rnbr.
®'012 Nokis
Map Page: 91 Map Coord: E3
Directions:
General Property Information
Legal Description: Lot 017 Block 003 Robbinsdale Home Gardens 2nd Addn
1611821210063
2012
No
No
y
County:
Hennepin
School District:
281 - Robbinsdale281 - Robbinsdale
Builder Restriction:
Open
Restrictions/Gouts:
Rentals not Permitted, Other
Land Inclusions:
Platted, Torrens
Improvements:
Curbs, Paved Streets, Sidewalks, Storm Sewer
Zoning:
Residential -Single
Road Frontage:
City
Lot Description:
Tree Coverage - Light, City Bus (w/in 6 bilks)
Available Utilities:
Electric, Natural Gas, City Water, City Sewer, Storm Sewer, Telephone, Cable T.V.
On Site Utilities:
Electric, Natural Gas, City Water, City Sewer, Storm Sewer, Telephone, Cable T.V.
Development Status:
Finished Lot
Farm Type:
Tillable Acres: Topography: Level
Soil Type:
Pasture Acres: Out Buildings:
Crop Type:
Wooded Acres: Agric Water:
Public Remarks:
Lot buyer must be licensed builder. Sabi to Bevel agmt incl builder's specific house plan. House may be spec
or custom, min 3BR, 2BA, 2 -tar gar. Offers must be in the form of a builder proposal using Request for
Proposals packet available from seller.
Owner is an Agent?:
No
In Foreclosure?:
No Lender Owned?: No Potential Short Sale?: No
Information Deemed Reliable But Not Guaranteed. Copyright (c) 2013 Regional Multiple Listing Service of Minnesota.,
Inc. All Rights Reserved.
I, i1 P Nx
W -
{IJ
�k ep
q I
r_
5
FL
rq
ni'I
�d !s
ICIP
C6
M.
t
Fs�
I, i1 P Nx
W -
{IJ
�k ep
q I
r_
5
FL
EDA STAFF REPORT
CAL 6529501h
New house proposal (Novak -Fleck)
FROM: John Sutter, City Planner/Assistant Community Development Directors
DEPARTMENT HEAD REVIEW: Patrick Peters, Community Development Director���
DATE: January 30, 2013
TO: Anne Norris, Executive Director (for February 5, 2013 EDA meeting)
SUBJECT: Consider tentative acceptance of a proposal from Novak -Fleck to purchase
a lot at 6529 50th Avenue North for construction of a new house
We have received a proposal from Novak -Fleck, Inc. to purchase the lot at 6529 50th Avenue
North for $60,000. Novak -Fleck has a Minnesota Residential Building Contractor license with
no enforcement actions.
This would be a spec home without a specific homebuyer at this time. This design is similar to
7024 60th except that, to be consistent with the other houses on this block, the garage's
overhead door and driveway would access the alley instead of the street, and a sidewalk
would be built from the front door to the street curb.
The house would have 990 sq. ft. on the upper level and 864 sq. ft, on the lower level. The
upper level would have an open living -dining -kitchen area, two bedrooms and one bathroom.
The lower level would have a bedroom, bathroom and family room (all finished) plus a
laundry/mechanical room.
A 2009 aerial photo, preliminary site sketch and house plan are attached.
REQUESTED EDA ACTION: Tentative acceptance of this proposal subject to EDA
consideration of a resolution authorizing the lot sale at a public hearing on February 19, 2013.
N
(gp�c/AE IF 7/E R f/1 OF Si/20° SW f/•{' SCALE
•apse L1110UP AVF 11*. SEC. a. W. W. R.Yf �„ : 30'
aanpea N'68�E
e
en.e
BOTH AVM M- N.
' errae . altn' aII
-cow..
now aA
era �
`e7eA S
i' a g'$'.• 6"A
g O7B .. gg
aegAl
12"
, b �v aI
9.9 efe.II - 1ry.
' IY A ,� .wYmlIIa• 1.6 ra .
Of fildrille
Vpp
II4
shad a � efer
°
areA 0
- •�' III'
A
"Wo
age of al wb6 a7s
ALLEI
' ( &�8'�eW �,�gleeaw,deaml
`• SOUR/ C /AV LR- 7W a W W SW OF sw 1/4
OF SE 114OF AE f/*, SEC. a. 7W. f/a. R.Bf
PROPOSALFORM
PROPOSAL TO THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL
6529 50th Avenue North
The West 90 feet of the East 310 feet of the North 1/2 of the South'/: of the Southwest'/4 of the
Southeast'/4 of the Northeast'/4 of Section 8, T1 18N R21W, Hennepin County, Minnesota.
Note: A street easement will be granted across the North 30 feet, and an alley easement will be
granted across the South 7 feet.
BUILDER OFFERS $60,000 FOR THIS LOT (this is the EDA's minimum price)
BUILDER: (Builder is required to be a Residential Building Contractor licensed by the State of Minnesota.)
Name: �I(�II J �i l��l�Ytd�l v`-� I State License Number: 310 I _
Tel (17[g�)�'{ ���� J Tel (2):
Addressc/C�07 L1ea_' and A\JLI
Email: c ;ty(X u 1 n—, -A om no L
This proposal is not a purchase agreement or other
to purchase this lot and build a new single family house in accordance with the RFP Guidelines. If this proposal is
tentatively 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 $2, 000 earnest money for the lot. Only after such an Agreement
is signed would a binding contract exist between the EDA and the Builder.
REQUIRED ATTACHMENTS AND ADDITIONAL INFORMATION:
❑ Attach one representative example of a house you would plan to build on this lot if your proposal is selected. It
does not need to show exactly how it would be placed on the lot; it just needs to show the approximate size, quality
and features you would anticipate a new house would have on this lot. A specific house plan would be determined
after a proposal is tentatively accepted by the EDA.
❑ The EDA will only sell lots to builders who have experience in house construction in Minnesota. Please list the
addresses of three houses you have built in Minnesota within the last five years, or attach other evidence of
qualifications for review by the EDA:
�/� �� I 1 p 1 `I
House #1: oa4— (pS�h��LlJl.l
House #2:
House
SUBMIT PROPOSAL TO: Attn: John Sutter, Crystal EDA, 4141 Douglas Dr N, Crystal MN 55422
TEL: 763.531.1142 FAX: 763.531.1188
john.sutter@crusta Im n.goy
PROPOSALS MAY BE SUBMITTED BY HAND DELIVERY, U.S. MAIL, FAX, OR EMAIL (.pdf format)
PROPOSALS MAY BE SUBMITTED AT ANY TIME, AND WILL BE
CONSIDERED ON A "FIRST COME, FIRST SERVED" BASIS
ISO
..
I!nii'' lii III
iii
Mi I Iii
lil ISI
lil I I lil
®nuxsaoo
\
f�
I,
Ii
i
`w
w
RA
W
FI'H
F
(�
to 1H r
Ht i
f
�Q
11
�•1 Rin
• '
j,.�
OIV� �.
____-�
v fail
�1�7 •����� • ___--____-...._.
S
®nuxsaoo
wao wcmwr+xrry rxnrr
maws �i+.�oun�rw� 00��$t�
s 8y2
sx.wa �r��.-m
a+arsa��wwAuxf wM�rr��¢ai�s1
wore. va. zwecYaa+w �w�+wau� xxu�av Trr
4
urn¢a � ..« ar�n Ma »urr+� aa, rx ♦ays
r. wa:rara+xr wuwu+om tinhorn �w-
5p
•maoroo�owatex
�mafr it � TM awi au •Avaaa ewa
a..rw wu � tivan�y aanaf ��
_.... awc scav � r. r •tvr i
�..... a.,....9 � w _.�..�.,.-,.
,�..� ..�. � .n..�.,�... a.: a .�..
!tl�' !ISA i �fl iCM Mi AY'IYTJ 1T'J�
iew .rK wL �u lcuamrd aw'Yf O1y
CITY'of EDA STAFF REPORT
CRYSTAL 6709 44th
Acquisition for Redevelopment
FROM: John Sutter, City Planner/Assistant Community Development Director/
DEPARTMENT HEAD REVIEW: Patrick Peters, Community Development Director
DATE: January 30, 2013
TO: Anne Norris, Executive Director (for February 5, 2013 meeting)
RE: Consider a resolution authorizing acquisition of 6709 44th Avenue
North for demolition and redevelopment
A. BACKGROUND
670944 th has gone through foreclosure and is listed for sale by the lender for
$49,900. According to the Hennepin County Assessor, the estimated market
value was $98,000 as of January 2012.
The following Exhibits are attached:
A. 2009 aerial photo
B. Property photos taken January 25, 2013
C. Hennepin County property characteristics and tax information
D. Foreclosure information
E. MLS for sale listing
F. Estimated budget
G. Proposed resolution
B. STAFF COMMENTS
The subject property is 72 feet wide and 146 feet deep, with an area of 10,506
sq. ft. (0.24 acres). The lot meets current zoning requirements for width, depth
and area.
The house appears to have originally been built around 1940 as a slab -on -grade
chicken coop, then converted for residential use and expanded in the 1950s. It
has 1,004 sq. ft. on one level, including one bedroom, bathroom, living room,
kitchen and laundry. The attic area has been finished as a sort of loft area but is
not code compliant due to low ceiling height (3-6 feet) and lack of an egress
PAGE 1 OF 2
window. The house shows signs of wood rot and water penetration in multiple
locations. The detached garage is in similarly poor condition.
If the EDA desires to acquire the property, then action on the attached resolution
is requested. In its motion the EDA should indicate the amount of its offer. The
list price is $49,900. The attached estimated budget presumes a purchase price
of $45,000 and a lot sale price of $60,000, with net expenditures of $8,964 from
the Redevelopment Fund. The budget's demolition costs are based on having a
contractor demolish the house; however, we typically have the city's street
maintenance crew do the demolition in-house and this reduces expenditures by
approximately $5,000. We would expect to close on the acquisition in early
March 2013 and demolish the house in May 2013.
If the EDA does not desire to acquire the property, then no action is required.
C. REQUESTED ACTION
If the EDA wishes to acquire this property, it would need to approve the attached
resolution approving the purchase of the subject property and authorizing the
execution of documents necessary to complete the purchase. In the motion, the
EDA should indicate the amount of its offer.
PAGE 2OF2
..y
.q
j]1
all
JL
-jr—
�
s ti<a
, i
Parcel 6709 44Th Ave N Tax $3,016.08
Address: Crystal, MN 55428 Total: (Payable: 2012)
Property
Type: Residential
Home- Homestead
stead:
Parcel 0.24 acres
Area: 10,506 sq ft
Sale
Price: $143,675
Sale 04/2002
Date:
Sale Warranty Deed
Code:
This map is a compilation of data from various
sources and is furnished "AS IS" with no
representation or warranty expressed or
implied, including fitness of any particular
purpose, merchantability, or the accuracy and
completeness of the information shown.
COPYRIGHT © HENNEPIN COUNTY 2013
.& Think Green!
m
h
m
W
. i5� A/
.;,Y,, ,, j.'
as',
1 R.�,.-_..�. _...n�.,.T,�
� _'I --I '
f`
Sale Information
Sales prices are reported as listed on the Certificate of Real Estate Value and are not warranted to represent
arms -length transactions.
Sale Date: April, 2002
Sale Price: $143,675
Transaction Type: Warranty Deed
Tax Parcel Description
The following is the County Auditor's description of this tax parcel. It may not be the legal description on the most recent
conveyance document recording ownership. Please refer to the legal description of this property on the public record when
preparing legal documents for recording
Addition Name: "FAIRVIEW ACRES SECOND UNIT, HENNEPIN COUNTY, MINNESOTA"
Lot:
Block:
First Line Metes & Bounds: W 43 FT OF LOT 24 AND THAT PART
Full Metes & Bounds: Note: To read full tax parcel description, click here.
Abstract or Torrens: TORRENS
Value and Tax Summary for Taxes Payable 2012
Values Established by Assessor as of Januaryll. f
Estimated Market Value:
Note. Taxes Payable 2013 (2012 Values) will be available
on this web site approximately 03101
Parcel Data for Taxes Payable 2012
Property ID:
17-118-21-12-0032
Address:
6709 44TH AVE N
Municipality:
CRYSTAL
School Dist:
281 Construction year: 1940
Watershed:
8 Approx. Parcel Size: 71.95 X 146
Sewer Dist:
Owner Name:
S I BARTA & B D BART(
Taxpayer Name
STEVEN & BRAliIDI-9ARTA
&Address:
E N
C709 44L M -N 55428
Sale Information
Sales prices are reported as listed on the Certificate of Real Estate Value and are not warranted to represent
arms -length transactions.
Sale Date: April, 2002
Sale Price: $143,675
Transaction Type: Warranty Deed
Tax Parcel Description
The following is the County Auditor's description of this tax parcel. It may not be the legal description on the most recent
conveyance document recording ownership. Please refer to the legal description of this property on the public record when
preparing legal documents for recording
Addition Name: "FAIRVIEW ACRES SECOND UNIT, HENNEPIN COUNTY, MINNESOTA"
Lot:
Block:
First Line Metes & Bounds: W 43 FT OF LOT 24 AND THAT PART
Full Metes & Bounds: Note: To read full tax parcel description, click here.
Abstract or Torrens: TORRENS
Value and Tax Summary for Taxes Payable 2012
Values Established by Assessor as of Januaryll. f
Estimated Market Value:
$120,000
Taxable Market Value:
$93,560
Total Improvement Amount:
Total Net Tax:
$1,691.92
oco
Total Special Assessments:
$1,324.16
9 �J
Solid Waste Fee:
Total Tax:
$3,016.08
Property Information Detail for Taxes
Payable 2012
Values Established by Assessor as of January
2, 2011
_
Values:
Land Market
$41,000
Building Market
$79,000
Machinery Market
Total Market:
$120,000
Qualifying Improvements
Veterans Exclusion
aI\10 '1
S
u n n n n n u n n n n u n n u w o n n n u n n u
xx NN Z
U_ N Me U Q 07 W
co
W.� x x x x x x x x a �c. x x x x a x x x x x x x x
^r O = O
`V F-
U
_ O
co
z
w a
w
a
0
0
rn
n
o'
0
OE'
u
A �
'.
M
N
O
c
.�1®81181
LT
O
g
F
LL yy
z w
Z
s
e
m
m
_
'U A
_
LLa
❑
Q
r
<
Z
X
N
N
o
K a
n
N
W a
a w 2
9
Z
CD
x
N
19
.i
q
f+ Z C7 M
�
.+x
N
m y
o
W
z Lu
v
I,
n
a>3a
Z M
.i
.T ma
w uj c
a
x
Ci w N
(a9
Q
LL
a
}
E:
N
SIT
D. F -m
d
t
OV)a
N
M
a
P Y 0
W LL
Ln
>a, LL
_
y �
V �f
W O O
_
N
o D7
Vl 'D ELL
0
e
n
OE'
u
A �
'.
M
N
O
c
.�1®81181
LT
O
g
F
ea
m
z w
Z
V_ �T
o
_
N
_
V D_
r
Z
(n
N
N
K
K a
n
N
W a
a w 2
9
Z
CD
x
N
19
.i
q
f+ Z C7 M
�
.+x
q az
m y
o
W
z Lu
v
I,
n
a>3a
Z M
.i
.T ma
w uj c
a
x
Ci w N
z o
❑
J a
2>
}
E:
N
SIT
OE'
u
A �
'.
M
N
O
c
o
LT
O
g
F
ea
m
z w
Z
V_ �T
o
_
N
_
V D_
W
Z
(n
N
N
K
K a
n
N
W a
a w 2
9
Z
CD
x
N
19
.i
q
f+ Z C7 M
�
.+x
q az
m y
o
W
z Lu
v
I,
n
a>3a
Z M
.i
.T ma
w uj c
a
x
Ci w N
z o
❑
J a
2>
E:
N
SIT
D. F -m
wO
OV)a
ZSTaJ
a
P Y 0
W LL
DK
>a, LL
_
y �
V �f
W O O
_
N
o D7
Vl 'D ELL
m
e
n
�
Ls
W
w M
U
m
N
z
y z
a a
OE'
MONNmoomw
;I N
9®IE
RHM8E HHG
❑
u
A �
'.
U]
S
O
c
n
O
Z
O
g
F
ea
m
`m
S
V_ �T
o
_
_
N
9
Z
xa
N
x
N
�
m y
o
�
a
n
a
n
3
3
S
E:
N
i
x
a
X
X
_
y �
N
_
N
a
m
e
n
�
m
am
m
a' ci
IL
i`
a
i
x
n
a
n
n
m
K
X
MONNmoomw
;I N
9®IE
RHM8E HHG
❑
u
A �
'.
U]
S
O
z
n
O
Z
O
g
F
ea
m
`m
S
o
_
_
Z
xa
N
x
N
�
o
�
0
�
n
n
3
3
S
E:
N
i
x
a
n a
a
m
e
n
�
m
am
m
N
m
m
n
IM®E©
`o
%
m
a°
a
z
O
o
_
_
Z
xa
N
x
N
�
o
0
3
3
S
NOTICE OF MORTGAGE FORECLOSURE SALE
NOTICE IS HEREBY GIVEN that default has occurred in the conditions of the following described mortgage:
DATE OF MORTGAGE: March 19, 2004
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $175,750.00
MORTGAGOR(S): Brandi D. Barta and Steven J. Barta, wife and husband
MORTGAGEE: Mortgage Electronic Registration Systems, Inc.
DATE AND PLACE OF REGISTERING: Registered: April 30, 2004 Hennepin County Registrar of Titles, Document
Number: 3954380
ASSIGNMENTS OF MORTGAGE: And assigned to: THE BANK OF NEW YORK MELLON FKA THE BANK OF NEW
YORK AS TRUSTEE FOR THE CERTIFICATEHOLDERS OF CWABS 2004-05 Dated: June 18, 2010 Registered: August
09, 2010 Hennepin County Registrar of Titles, Document Number: T4777433
Transaction Agent: Mortgage Electronic Registration Systems, Inc.
Transaction Agent Mortgage Identification Number: 100015700033170651
Lender or Broker: Full Spectrum Lending, Inc.
Residential Mortgage Servicer: Bank of America, N.A.
Mortgage Originator: Not Applicable
CERTIFICATE OF TITLE NUMBER: 1086548
COUNTY IN WHICH PROPERTY IS LOCATED: Hennepin
Property Address: 6709 44th Ave N, Crystal, MN 55428-5241
Tax Parcel ID Number: 17.118.21.12.0032
LEGAL DESCRIPTION OF PROPERTY: Lot 25, except the West 89 feet, front and rear thereof the West 43 feet of Lot
24, "Fairview Acres Second Unit, Hennepin County, Minnesota"
Registered Land as set forth in Certificate Number 1086548
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE: $272,917.36
THAT all pre -foreclosure requirements have been complied with; that no action or proceeding has been instituted at law or
otherwise to recover the debt secured by said mortgage, or any part thereof; that this is registered property,
PURSUANT to the power of sale contained in said mortgage, the above-described property will be sold by the Sheriff of
said county as follows:
DATE AND TIME OF SALE: March 01, 2012 at 10:00 AM
PLACE OF SALE: Hennepin County Sheriff's Office, Civil Division, Room 30, Courthouse, 350 South 5th Street,
Minneapolis, Minnesota
to pay the debt secured by said mortgage and taxes, if any, on said premises and the costs and disbursements, including
attorney fees allowed by law, subject to redemption within six (6) months from the date of said sale by the mortgagor(s),
their personal representatives or assigns.
If the Mortgage is not reinstated under Minn. Stat. §580.30 or the property is not redeemed under Minn. Stat. §580.23, the
Mortgagor must vacate the property on or before 11:59 p.m. on September 04, 2012, or the next business day if
September 04, 2012 falls on a Saturday, Sunday or legal holiday.
Mortgagor(s) released from financial obligation: NONE
THIS COMMUNICATION IS FROM A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION
OBTAINED WILL BE USED FOR THAT PURPOSE.
THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME
PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION.
THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGOR, THE MORTGAGOR'S PERSONAL
REPRESENTATIVES OR ASSIGNS, MAY BE REDUCED TO FIVE WEEKS IF A JUDICIAL ORDER IS ENTERED
UNDER MINNESOTA STATUTES, SECTION 582.032, DETERMINING, AMONG OTHER THINGS, THAT THE
MORTGAGED PREMISES ARE IMPROVED WITH A RESIDENTIAL DWELLING OF LESS THAN FIVE UNITS, ARE
NOT PROPERTY USED IN AGRICULTURAL PRODUCTION, AND ARE ABANDONED.
DATED: January 18, 2012
THE BANK OF NEW YORK MELLON FKA THE BANK OF NEW YORK AS TRUSTEE FOR THE BENEFIT OF THE
CERTIFICATEHOLDERS OF THE CWABS INC., ASSET-BACKED CERTIFICATES, SERIES 2004-5
Assignee of Mortgagee
WILFORD, GESKE & COOK P.A.
Attorneys for Assignee of Mortgagee
Lawrence A. Wilford
James A. Geske
8425 Seasons Parkway, Suite 105
Woodbury, MN 55125-4393
0
(651) 209-3300
File Number: 015311F02
(January 18, 25, February 1, 8, 15, 22, 2012)
m
22295914
W
RECORD OF FORECLOSURE EXECUTION SALE
Sale Record Number: 1210037
Mortgage Document Number: 3954380
Date of Sale:
10/4/2012
Type of sale:
Mortgage
Mortgagor(s):
Brandi D Barta, Steven J Barta
Mortgagee:
THE BANK OF NEW YORK MELLON FKA THE BANK OF NEW YORK AS TRUSTEE FOR THE
BENEFIT OF THE CERTIFICATEHOLDERS OF THE CWABS INC., ASSET-BACKED
CERTIFICATES, SERIES 2004-5
To Whom Sold:
THE BANK OF NEW YORK MELLON FKA THE BANK OF NEW YORK AS TRUSTEE FOR THE
BENEFIT OF THE CERTIFICATEHOLDERS OF THE CWABS INC., ASSET-BACKED
CERTIFICATES, SERIES 2004-5
Final Bid Amount:
$295,195.24
Redemption Expiration Date:
4/4/2013 -=--->,.
Deputy Sold By:
Sgt. Willis Jacox 11/16 I J_-u_jC -jjI_Ie c, v\
T
Law Firm/Attorney:
Wilford, Geske & Cook P.A. I '2-0 12-o 12.
Unverified Common Address:
6709 44th Ave N, Crystal
Optional Comments: No value entered
Notice of Intent to Redeem by
creditor(s) filed with Sheriff:
This report prepared for you by Steven Ennen
Start Distressed Homes:... Favorites Possibilities Discarded lJ Help
Active Matches - Displaying 1 of 26 - Show: No Longer Matching e) Unread Miuches
[132248¢2 8910_ Next Bottom Back to Customer Single Line display
Customer Full Display, Single Family Residential, MLS4331345
F - 6709 44th Avenue N , Crystal, MN 55428
Status: Active List Price: $49,900
1/8
Total Bed/Bath: 1/1 Garage: 2 Year Built: 1949
Style:
(SF) One 1/2 stories
Const Status:
Previously Owned
Foundation Size:
1,043
AbvGrdFinSgFt
1,468
BaiGrdFinSq Ft
Total Fin Si
1,468
Acres:
0.24
Lot Size:
7111
Yearly:
Yearly
Type: For sale
Original List Price: $49,900
he Fo:mt ¢ugm
ch -1 Park
k Palk.
FORER
toz'
W
45th AveN FcOCID.A
Fred M., *'ENUENar.Tn 4
gnu Lane
i Perk pa.y
Ind AveN
c Zryq
:ifi30i%�tm:Coryn:on
Av'i :NO¢TtJMu Noku
Map Page: 91 Map Coord: 03
Directions:
42nd (County 9) to Douglas Dr. North on Douglas to 441h. West (Len) on 44th to home.
V (Click Icon for Virtual Earth Map)
TAX INFORMATION
Property ID: 1711821120032
Tax Year: 2012
Tax Amt: $1,692
Assess Bal: $1,324
Tax w/assess: $3,016
Assess Pend: Yes
Homestead: No
General Property Information
Legal Description: FAIRVIEW ACRES IND UNIT W 43 FT OF LOT 24 AND THAT PART OF LOT 25 LYING E OF THE W 89 FT THEREOF
County: Hennepin
Postal City: Minneapolis
School District: 281- Robbinsdale, 763-504-8000
CompleWDev/Sub: Common Wall: No
Resections/Coots:
Lot Description: Tree Coverage - Medium
Association Fee: $ Assoc Fee Frequency:
Assoc Fee Includes:
Road Frontage: City
Zoning: Residential -Single Accessibility: None
Welcome John Sutter
Remarks
Public Remarks: Greet opportunity to own a l+ bedroom home at an amazing price. Features: Large living room, 2 car garage, large backyard, extra storage / den
upstairs, rear porch and more.
Structure Information
Room Level mean Other Rooms
Living Ron Main 16x36 Den
Dining Run
Family am Bathrooms
Kitchen Main 18x13 Total: 1 3/4: 0 1/4: 0
Bedroom 1 Main 16xI3 Full: 1 1/2: 0
Bedroom 2
Bedroom 3
Bedroom 4
Level Dimen
Upper 25x13
Bath Description: Main Floor Full Bath
Dining Room Dei
Family Room Char:
Fireplaces: 0 Fireplace Charactenuics:
Appliances:
Basemen[: None
Exterior: Wood, stucco
Fencing: Chain Link
Roof: Asphalt Shingles, Pitched
Amenities -Unit: Porch, Tiled Floors
Parking Char: Detached Garage
Owner Is an Agent]: No
In Foreclosure?: No Lender Owned7: Yes Potential Short Sale?: No
Heat: Forced Air
Fuel: Natural Gas
Air Cord None
Water: City Water/Connected
Sewer: City Sewer/Connected
Garage: 2
Oth PAg:
Pool:
[3)2848878914_ r.-., -Next-JU Back to Customer Sinals Line display
(a Print Email V Map m Add to Favorites .9) Add to Possibilities ® Discard
Display: CU$tOmef Full E at F71 per page.
REDEVELOPMENT OF 6709 44th
Estimated Budget
$45,000 PURCHASE PRICE Jan 2012 EMV $98,000; list price $49,900
$11,000 demolition
$3,300 administrative costs (legal, title work, etc.)
$1,441 property taxes (pay 2013)
$5,508 special assessments levied
$536 special assessment pending
$2,179 contingency (10% of the items above except the purchase price)
------------
$68,964 TOTAL EXPENDITURES FROM REDEVELOPMENT FUND
$60,000 LOT SALE PROCEEDS TO BE RETURNED TO REDEVELOPMENT FUND
$8,964 NET EXPENDITURES FROM REDEVELOPMENT FUND
2013.02.05 estimated budget offer 45000 1129/2013
4.
h
m
W
ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL
HENNEPIN COUNTY
STATE OF MINNESOTA
RESOLUTION NO.
A RESOLUTION AUTHORIZING ACQUISITION OF
REAL PROPERTY AT 6709 44TH AVENUE NORTH
WHEREAS, the Economic Development Authority of the City of Crystal (the "EDA") desires to
acquire, on a voluntary basis from a willing seller, real property located at 6709 44th Avenue
North (the "Property"); and
WHEREAS, the EDA desires to specifically and explicitly authorize execution of any and all
documents necessary to complete the purchase of the Property.
NOW, THEREFORE, BE IT RESOLVED that Anne L. Norris, Executive Director of the EDA, is
hereby authorized to execute any and all documents necessary to complete the EDA's
purchase of the Property.
BE IT FURTHER RESOLVED that Patrick A. Peters, Deputy Executive Director of the EDA, is
hereby authorized to act in place of the Executive Director in the event of the absence or
unavailability of the Executive Director.
Adopted this day of
Mark G. Hoffmann, President
Anne L. Norris, Executive Director
h
m
W
