1991 EDA Annual ReportCIT Y ,f CRYSTAL
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4141 Douglas Drive North • Crystal, MN 55422-1696 •537-8421
ADMINISTRATIVE OFFICE
1991 ANNUAL REPORT
The Crystal Economic Development Authority (EDA)
pursued two major objectives in 1991. First, the EDA
continued efforts to revitalize the City's housing stock and
physical environment. Utilizing CDBG funds the EDA
purchased property at 4307 Xenia and 5200 35th Avenues as
well as setting in motion the purchase of 3557 June Avenue
that is before you now. The acquisition and subsequent
demolition of these houses and other substandard structures
eliminates blight and provides an opportunity for the
physical revitalization of neighborhoods. This is
exemplified by the selling of homes at 3426 and 3432 Welcome
Avenues this year by the EDA. These were blighted
properties the City previously acquired and after demolition
of the existing dilapidated structures, contracted with
Hennepin Technical College to build new housing for first
time home buyers.
The Neighborhood Preservation Loan Program was
continued during the year. This program is an effort to
make affordable home improvement loans available to
homeowners in a targeted area for the purpose of allowing
them to improve their neighborhood housing stock and living
conditions.
Anticipating future housing needs, the EDA acted to
replat property that would meet the changing needs of
society and finalized economic development policies to be
included in the City's Comprehensive Plan.
The second major focus of the EDA in 1991 was economic
development. In executing a development agreement with
Super Valu for redevelopment of the 36th Avenue and Hwy. 100
project area, the City hopes to realize a new economic asset
that originally was pursued by the Crystal Housing and
Redevelopment Authority (HRA). This venture could prove to
be the most significant economic development enterprise in
the City this decade.
The approval of plans for the Wilshire Boulevard and
County Road 81 intersection creates a new opportunity for
redevelopment in and around that project area.
The EDA also entered into a developers agreement with
Paster Enterprises for the amelioration of property situated
at the north east corner of Bass Lake Road and West
Broadway. Such a development would greatly enhance the core
shopping district in the City.
Following is a general list of the EDA's activities in
1991:
- Sold houses at 3426 and 3432 Welcome Avenue North
- Finalized Economic Development Policies to be
included in Comprehensive Plan
- Demolished home at 5109 - 50th Avenue North
- Sold and moved garage from 5109 - 50th Avenue North
- Purchased property with CDBG funds at 4307 Xenia
Avenue North
- Executed Development Agreement with Super Valu
for redevelopment project at 36th Avenue and
Highway 100
- Approved plans for Wilshire Blvd/County Road 81
Improvement Project
- Purchased property with CDBG funds at 5200 35th
Avenue North
- Purchased property from Nicklows in accordance with
terms of Development Agreement with Super Valu
- Replatted lots at 5105-09 50th Avenue North into one
lot
- Demolished structures at 5200 35th Avenue North
- Approved agreement with City for administration of
CDBG funds
- Extended Negotiation Agreement with Paster
Enterprises for property at the north east corner
of Bass Lake Road and West Broadway
I would like to thank the commissioners and staff for
their fine efforts and work on behalf of the City. In the
forthcoming year, we must continue to search for the best
ways to improve our City and benefit the citizens of our
community.
John G. Moravec
President
Crystal Economic Development Authority