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2017.06.06 EDA Meeting PacketAGENDA ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL  REGULAR MEETING  TUESDAY, JUNE 6, 2017 6:30 P.M. CRYSTAL CITY HALL COUNCIL CHAMBERS 1. Call to order * 2. Roll call * 3. Approval of minutes from the May 16, 2017 special meeting 4. Consider tentative acceptance of proposals to purchase EDA properties located at 4837 Lakeland Avenue North, 5201 and 5209 – 49th Avenues North, and 5140 Lakeside Avenue North. 5. Consider a resolution amending the Purchase and Redevelopment Agreement for 4724 Lakeland Avenue North to extend the closing deadline by 30 days. 6. Other business * 7. Adjournment * *Items for which no materials are included in the packet Page 1 of 1 Minutes of the Crystal Economic Development Authority Special Meeting May 16, 2017 President Kolb called the special meeting of the Crystal Economic Development Authority to order at 8:22 p.m. Upon call of the roll, the following members were present: Jim Adams, John Budziszewski, Elizabeth Dahl, Julie Deshler, Jeff Kolb, Nancy LaRoche and Olga Parsons. The following staff members were present: Anne Norris, Executive Director, John Sutter, Deputy Executive Director, Stephanie Revering, Police Chief, and Andrew Biggerstaff, City Attorney. Motion by Commissioner Budziszewski (LaRoche) to approve the minutes of the April 26, 2017 special meeting. Motion carried. The EDA discussed options for the 4-plex at 5900 56th Avenue North. Mr. Sutter made a presentation and answered questions from the board. Motion by Commissioner Adams to pursue Option 3 (make minimal tweaks and sell the property). Motion died for lack of a second. Motion by Commissioner Deshler (LaRoche) to pursue Option 1 (demolition of the building). Motion failed. Commissioners Adams, Dahl, Kolb and Parsons voting no. Motion by Commissioner Adams (Parsons) to pursue Option 2 (relocate tenants and pursue partner for rehabilitation of building). Motion carried. Commissioners Budziszewski, Deshler and LaRoche voting no. Motion by Commissioner Adams (Dahl) to adjourn the special EDA meeting. Motion carried. The meeting adjourned at 9:50 p.m. _______________________________ Jeff Kolb, President ATTEST: ______________________________ Olga Parsons, Secretary PAGE 1 OF 4 _____________________________________________________________________ FROM: Dan Olson, City Planner DATE: June 1, 2017 TO: Anne Norris, Executive Director (for June 6 EDA meeting) SUBJECT: Consider tentative acceptance of proposals for the lots at 5201 and 5209 – 49th Avenues North and for 5140 Lakeside Avenue North _____________________________________________________________________ BACKGROUND The EDA recently purchased four vacant lots from Hennepin County for the development of new single-family homes: Staff has been marketing these lots for the past several weeks, including direct mailings to the EDA and BATC mailing lists and postings on the city website and social media. EDA STAFF REPORT Tentative Acceptance of Lot Purchase Proposals PAGE 2 OF 4 The proposal deadline was May 30 and proposals were received from two builders, Novak- Fleck and Tollberg Homes, for three of the four lots, all located on the east side of Bottineau Boulevard (County Road 81):  5209 49th Ave N  5201 49th Ave N  5140 Lakeside Ave N No proposals were received for the f ourth lot (4837 Lakeland Ave N) so staff will now proceed with marketing it on a first-come, first-served basis. At this time, the EDA is being asked to tentatively select one proposal for each of the three lots for a public hearing and final lot sale decision at a special EDA meeting on June 20. Attachments: A 1): Novak-Fleck for 5209 49th Avenue North (staff recommendation) A 2): Tollberg Homes for 5209 49th Avenue North B 1): Novak-Fleck for 5201 49th Avenue North B 1): Tollberg Homes for 5201 49th Avenue North (staff recommendation) C 1): Novak-Fleck for 5140 Lakeside Avenue North C 2): Tollberg Homes for 5140 Lakeside Avenue North (staff recommendation) SUMMARY OF PROPOSALS RECEIVED A. 5209 49th Avenue North 1) Novak- Fleck (staff recommendation)  $55,000 lot price  Custom build  Proposed home: Two story with 1,934 SF on the main and second levels consisting of a kitchen, dining, great room, four bedrooms and three bathrooms. The 880 SF lower level could be finished later. There would also be a three-car attached garage. 2) Tollberg Homes  $55,000 lot price  Speculative build  Proposed home: Split entry with 1,246 SF on the main level consisting of a kitchen, dining/living room, three bedrooms and two bathrooms. The lower level could be finished in the future with an amusement room, two bedrooms and one bathroom. There would also be a three -car attached garage.  Examples: 5924 Elmhurst, 3122 Douglas Dr, 5626 Vera Cruz B. 5201 49th Avenue North 1) Novak- Fleck PAGE 3 OF 4  $55,000 lot price  Speculative build  Proposed home: Split entry with 1,280 SF on the main level consisting of a kitchen, dining/living room, three bedrooms and two bathrooms. The lower level could be finished in the future with a large family room, one bedroom and one bathroom. There would also be a three -car attached garage.  Examples: 4720 Douglas Dr, 5332 50th, 5824 Regent, 5700 Regent 2) Tollberg Homes (staff recommendation)  $55,000 lot price  Speculative build  Proposed home: Four level split with 1,460 SF on the main and upper level consisting of a kitchen, dining/living room, three bedrooms and two bathrooms. The two lower levels could be finished in the future with a recreation room, one bedroom and one bathroom. There would also be a three-car attached garage. C. 5140 Lakeside Avenue North 1) Novak- Fleck*  $55,000 lot price  Custom build  Proposed home: Two story home with 1,934 SF on the main and second levels consisting of a kitchen, dining, great room, four bedrooms and three bathrooms. The 880 SF lower level could be finished later. There would also be a three-car attached garage. 2) Tollberg Homes (staff recommendation)**  $55,000 lot price  Speculative build  Proposed home: Split entry home with 1,246 SF on the main level consisting of a kitchen, dining/living room, three bedrooms and two bathrooms. The lower level could be finished in the future with an amusement room, two bedrooms and one bathroom. There would also be a three -car attached garage.  Examples: 5924 Elmhurst, 3122 Douglas Dr, 5626 Vera Cruz  On this lot, a variance reducing the front setb ack from 30 to 20 feet would be necessary. Staff would recommend approval of such a variance based on the boulevard being 10 feet wider than typical. In other words, with the variance, the new house’s distance from the street would look about the same as houses with a standard setback. * Novak-Fleck only wants the 5140 Lakeside lot as a backup for their custom build if they don’t get the lot at 5209 49 th. ** Staff recommends the Tollberg proposal for 5140 Lakeside presuming that the EDA will accept the Novak-Fleck proposal for 5209 49th. PAGE 4 OF 4 REQUESTED ACTION The EDA is asked to tentatively accept a proposal for each of the three lots. A separate motion should be made for each lot. The staff recommendations are as follows: A. 5209 – 49th Avenue North: Because Novak-Fleck is offering a custom-designed home and has a buyer in place, staff recommends that the EDA tentative ly accept the proposal from Novak-Fleck. B. 5201 – 49th Avenue North: Because Tollberg’s proposed house would have more square footage and a four level design that looks like a rambler from the street, staff recommends that the EDA tentatively accept the proposal from Tollberg. C. 5140 Lakeside Avenue North: Because Novak-Fleck would only want this lot as a backup if it can’t do the custom build on 5209 49th, staff recommends that the EDA tentatively accept the proposal from Tollberg. A public hearing and final lot sale decision would occur at a special EDA meeting on June 20. Attachment A1 - Proposal from Novak-Fleck (custom home) 5209 - 49th (staff recommendation) Letter from proposed buyer of 5209 - 49th Attachment A2 - Proposal from Tollberg Homes (spec home) - 5209 - 49th Attachment B1 - Proposal from Novak-Fleck for spec home - 5201 - 49th Attachment B2 - Proposal from Tollberg Homes for spec home - 5201 - 49th (staff recommendation) Attachment C1 - Proposal from Novak-Fleck for custom home - 5140 Lakeside (builder prefers 5209 - 49th, but 5140 Lakeside is second choice) Letter from proposed buyer of 5140 Lakeside Attachment C2 - Proposal from Tollberg Homes for spec home - 5140 Lakeside (staff recommendation) City staff and builder propose reducing the front setback from 30' to 20', which requires variance approval. The rear yard 30' setback would then be met. The home at 20' from the front property line would be in conformance with the location of other homes on Lakeside. Page 1 of 1 ___________________________________________________________________________ FROM: Dan Olson, City Planner ___________________________________________________________________________ DATE: June 1, 2017 TO: Anne Norris, Executive Director (for June 6 EDA meeting) SUBJECT: Request from Joe Meyer Homes for an amendment to the Purchase and Redevelopment Agreement for 4724 Lakeland Avenue North On April 4, 2017 the EDA held a public hearing and approved a purchase and redevelopment agreement with Joe Meyer Homes to purchase the lot at 4724 Lakeland Avenue North for $55,000. The builder was required to close on the property by June 4, 2017. The builder has not been able to secure financing for the project due to an unforeseen appraisal issue. Therefore Joe Meyer Homes is requesting a 30-day extension to resolve this issue so that they may still close on the property. This extension requires an amendment to the signed agreement. Attached for you review is the request from Joe Meyer Homes for the 30-day extension. The EDA has two options in responding to this request:  Adopt a resolution approving this amendment. This resolution will be provided at the June 6, 2017 EDA meeting. Staff is recommending approval of this option to provide the builder time to resolve their appraisal issue.  Deny approval of the amendment. A document cancelling the agreement will be provided at the June 6, 2017 EDA meeting. In that case the builder will forfeit the $2,000 earnest money they provided at the time the agreement was signed. EDA staff will then begin marketing the property for sale on a first-come, first-served basis. REQUESTED EDA ACTION: Approve a request from Joe Meyer Homes to amend the purchase and redevelopment agreement for 4724 Lakeland Avenue North to allow a 30-day extension of the closing date. EDA STAFF REPORT 4724 Lakeland Avenue North – Amend Purchase Agreement