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2013.05.07 EDA Meeting PacketAGENDA ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL • REGULAR MEETING e TUESDAY, MAY 7, 2013 6:30 P.M. CRYSTAL CITY HALL COUNCIL CHAMBERS Call to order 2. Roll call 3. Consider approval of minutes from the April 16, 2013 special meeting * 4. PUBLIC HEARING: Consider a resolution authorizing the sale of the lot at 5548 Yates Avenue North to Novak -Fleck for construction of a new house * 5. PUBLIC HEARING: Consider a resolution authorizing the sale of the lot at 4553 Yates Avenue North to Berger Built Construction for construction of a new house — to be continued to the May 21, 2013 EDA meeting * 6. Consider tentative acceptance of proposals and approval of option agreements with MT Builders for purchase of lots at 4343 and 4349 Xenia Avenue North for construction of new houses — additional item requested to be added at the May 7, 2013 meeting ** 7. Consider a resolution amending the 2013 EDA and TIF Housing District Budgets * 8. Other business 9. Adjournment * Materials attached ** Materials provided separately 05/06/13 CADocuments and Settings\cserres\Local Settings\Temporary Internet Files\Content.Outlook\YA5AG7SR\05 07 amended.docx Minutes of the Crystal Economic Development Authority Special Meeting April 16, 2013 President Hoffmann called the regular meeting of the Crystal Economic Development Authority to order at 8:46 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; John Sutter, City Planner/Assistant Community Development Director; and Mike Norton, City Attorney. President Hoffmann added to the agenda, "Consider tentative acceptance of a proposal from Berger Built Construction to purchase a lot at 4553 Yates Avenue North for construction of a new house" as item #5, with Adjournment becoming item #6. Motion by Commissioner Adams (Deshler) to approve the minutes from the April 3, 2013 regular meeting. Motion carried. The EDA held a Public Hearing to consider a resolution authorizing the sale of the lot at 5527 Xenia Avenue North to Novak -Fleck for construction of a new house. No one appeared at the hearing, and President Hoffmann closed the hearing. Motion by Commissioner Deshler (Libby) to approve Resolution #2013-05 authorizing the sale of the lot at 5527 Xenia Avenue North to Novak -Fleck for construction of a new house. Motion carried. The EDA considered tentative acceptance of a proposal from Berger Built Construction to purchase a lot at 4553 Yates Avenue North for construction of a new house. Motion by Commissioner Peak (Adams) to tentatively accept a proposal from Berger Built Construction to purchase a lot at 4553 Yates Avenue North for construction of a new house but counter proposing a lot price of $40,000 with the EDA removing a tree and relocating the curb cut from 46th to Yates. Motion carried. The EDA discussed the status of lot sales so far in 2013 and a code enforcement issue at 5912 Elmhurst Avenue North. Motion by Commissioner Hoffmann (Budziszewski) to adjourn the regular meeting. Motion carried. The meeting adjourned at 9:04 p.m. Mark Hoffmann, President ATTEST: Julie Deshler, Vice President ___.. __......... EDA STAFF REPORT I of 5548 Yates CRYSTAL Public Hearing - Sale of Lot to Novak -Fleck FROM: John Sutter, City Planner/Assistant Community Development Director DEPARTMENT HEAD REVIEW: Patrick Peters, Community Development Director DATE: May 1, 2013 TO: Anne Norris, Executive Director (for May 7, 2013 EDA meeting) SUBJECT: Public Hearing: Consider a resolution authorizing the sale of the lot at 5548 Yates Avenue North to Novak -Fleck for construction of a new house On March 5 the EDA authorized a six-month option agreement with Novak -Fleck to purchase the lot at 5548 Yates Avenue North for $50,000. Novak -Fleck has buyers for its three houses currently under construction in Crystal, and desires to exercise its option on 5548 Yates to purchase the lot and start constriction on a spec home. They have a Minnesota Residential Building Contractor license with no enforcement actions. The house would be a split entry with 972 sq. ft. on the upper level and 912 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 one bedroom and one bathroom finished now plus a laundry/mechanical room and space for a combination of additional bedrooms and/or a family room to be finished later. The house would also have an attached three -car garage. The only changes from the preliminary proposal, tentatively accepted by the EDA on March 5, are that the house plan has been switched from garage -left to garage -right, and the third garage stall has been added. The updated plan still conforms to the EDA's lot sale guidelines and city code including zoning. Lot sale closing and construction start are scheduled for mid - late May with house completion by late summer 2013, The proposed resolution, 2012 aerial photo, site sketch and house plan are attached. REQUESTED EDA ACTION: After holding the public hearing and receiving any testimony, consider adopting the attached resolution authorizing the property sale. ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL HENNEPIN COUNTY STATE OF MINNESOTA RESOLUTION NO. A RESOLUTION AUTHORIZING THE SALE OF 5548 YATES AVENUE NORTH FOR NEW HOUSE CONSTRUCTION WHEREAS, the Economic Development Authority of the City of Crystal ("the EDA") is the owner of 5548 Yates Avenue North, legally described as That part of Lot 4, Block 3, Boulevard Acres, Hennepin County, Minnesota lying North of the South 65 feet thereof ("the Property"); and WHEREAS, the EDA has solicited proposals from builders who desire to purchase the Property from the EDA and construct thereon a new single family house; and WHEREAS, the EDA has reviewed and accepted the proposal from Novak -Fleck. NOW, THEREFORE, BE IT RESOLVED that the EDA authorizes the sale of the Property to Novak -Fleck. BE IT FURTHER RESOLVED that the sale shall be completed in accordance with the terms of the Purchase and Redevelopment Agreement in substantially the form on file in City Hall, and that the President and Executive Director are hereby authorized to sign said Agreement and other documents required to complete the sale of the Property to Novak -Fleck. Adopted this day of , Mark G. Hoffmann, President Anne L. 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CopyWriteS It I .3 411; i 1 NM icxe co�eoar. ne xare nu a sura �ecoRuw m ne weano�r wsere�. .,N.L DRael01M CON7rtlolr No srncinc+�noNr Ala �e,ner ra ria vearara� rove a+wren wiry ee t�erwev. -w. a�ttuert meas www ha H*wx4vm k'nu� nxaetr . ., ,,.- , •rec erserasem sr ne e�w>Rruur rbe cone rw �� , � w �+w. �ar�r rooriue� Me seaeo �e.uw.e evr tar wMwntrteea ,r�wtwe ewe aH emetat w!u,�. pra�orer aq EDA STAFF REPORT 4553 Yates CRYSTAL Continue the Lot Sale Public Hearing for Two Weeks FROM: John Sutter, City Planner/Assistant Community Development Director - DEPARTMENT HEAD REVIEW: Patrick Peters, Community Development Director DATE: May 1, 2013 TO: Anne Norris, Executive Director (for May 7, 2013 EDA meeting) SUBJECT: Consider continuing the advertised public hearing regarding the proposed sale of a lot at 4553 Yates Avenue North for construction of a new house At its April 16 meeting the EDA accepted a proposal from Berger Built Construction to purchase the lot at 4553 Yates Avenue North, with a lot price of $40,000 and the EDA completing the curb cut relocation and removal of one tree. The house was to be custom-built for a specific homebuyer. The homebuyer has since decided to not proceed with the new house, and the builder needs two additional weeks to decide whether to proceed with purchasing the lot and building a spec home, and if so, to finalize a house plan for EDA consideration. REQUESTED EDA ACTION: Continue the lot sale public hearing to the May 21 EDA meeting. EDA STAFF REPORT SIR 4343 and 4349 Xenia (additional item for 5/07 meeting) CRYSTAL Lot options / new house proposals (MT Builders) FROM: John Sutter, City Planner/Assistant Community Development Director DEPARTMENT HEAD REVIEW: Patrick Peters, Community Development Director ,.,i / _j DATE: May 3, 2013 TO: Anne Norris, Executive Director (for May 7, 2013 EDA meeting) SUBJECT: *** Additional agenda item requested to be added *** Consider tentative acceptance of proposals and approval of option agreements with MT Builders for purchase of lots at 4343 and 4349 Xenia Avenue North for construction of new houses MT Builders has submitted proposals for purchase options on the EDA lots at 4343 and 4349 Xenia Avenue North. Each option will cost the builder $500 for six months, is renewable for an additional 6 months for another $500, and during the option period the builder is required to list the property for sale on the MLS as a "to be built" house. Attached are a 2012 aerial photo, the builder's option proposal forms and representative, general house plan for these lots The builder has an interested buyer who wants a two story home in the Welcome Park neighborhood broadly similar to the one at 4306 Zane but with an attached garage. By purchasing the options the builder intends to do one as a custom build then possibly build the other as a spec home if needed. However, the builder could choose to only exercise one of the options, as each stands alone. Please note the following: • The lot prices are $50,000 for each lot. • EDA approval of the options serves as tentative acceptance of the builder's proposal, so that at whatever time the builder exercises the option, staff would schedule the public hearing for final EDA consideration of the lot sale. • The tentative house plan is a two story with 716 sq. ft. on the main floor, 837 sq. ft. on the upper floor and an unfinished basement. The house plan would be modified to lower the roof pitch and delete the third story to comply with the city's maximum height limit, and also delete the fireplace bump -out to comply with the city's minimum 5 foot side setback. • The main floor would have an open living -dining -kitchen area, half bath and laundry. The upper floor would have three bedrooms and two bathrooms. The basement would have 716 unfinished sq. ft. with at least one egress window and a roughed -in bathroom for future finishing. Windows would be added to the side walls of the house, although the exact number, size and location are as yet unknown. Page 1 of 2 The houses may be set back further than the normal 30 feet from the front lot line due to the depth of the lots (217 feet), a desire to preserve one or more existing trees and to provide a visually open area alongside the adjacent, existing houses which are only set back 20 feet from the front lot line. One or both of the house plans may be reversed (i.e. garage -right instead of garage -left) for the same reasons. These details would be worked out later at the EDA hearing if the options are exercised. The lot sale guidelines call for detached garages off the alley, similar to the Zane lots/houses on the other side of the block. However, the Xenia lots are 5 feet wider, which means they can (just barely) accommodate a narrow two story with an attached garage. Because a majority of the houses on this block of Xenia have driveways using the street instead of the alley, it would be reasonable to approve these options subject to EDA review of detailed site and house plans in the normal manner at the EDA hearing if the options are exercised. It should be noted that the Xenia homeowners could later add a second garage to be accessed from the alley if the attached two car garage ultimately proves too small. REQUESTED EDA ACTION: EDA approval of a motion authorizing option agreements with MT Builders for 4343 and 4349 Xenia Avenue North. Page 2 of 2 laftl � i4A -Alp" 40 A wAa r TUN% IMN al t I.A. Aga t' je JL� rf. 7AW WEEK= Ao 7zlp 'win �ow PROPOSAL FORM PROPOSAL TO THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL 4343 XENIA AVENUE NORTH CHECK ONE: BUILDER OFFERS $60,000 TO PURCHASE THIS LOT BUILDER OFFERS $600 FOR A SIX-MONTH OPTION TO PURCHASE THIS LOT FOR $150,000 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 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. 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 EDKs lots, and no more than 50% of the EDNs lots may be under option at any time. BUILDER: (Builder is required to be a Residential Building Contractor licensed by the State of Minnesota.) Mame: MT _ a '.� k d e. r S' fir. c.. State License Number. 6 t-- G 3 -1 (o 9 -7 Tel (1): _.%ta .;Ly-).- 9993Tel (2): Fax: J (o3 -5-5 7 - 0-7 1 (6 Address: 14(.5 W • /V\e 4i Li n L Lk. br • City/State/Zip.- I /m u v 41 M rQ 55'Yi v 1 Email: 0. V e 'r S r r1 L Lo 013 S �3 1? Signature Date 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 tot; It just needs to show the approximate size, quality and features you would anticipate a new house would have on this lot. A speck house pian would be determined after a proposal is tentatively accepted by the ED& 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#1: 930G Zck.n-e Ave. Ali: House #2: _ '--13!o -Zone kr e . N , a — L,-yS +,, J , NA'\j"' Rause :._ `� 9 111 t' Ave. N � , P (' m o v'+ - — M ci f SS -Y Y / SUBMIT PROPOSAL TO: Attn: John Sutter, Crystal EDA, 4141 Douglas Dr N, Crystal MN 65422 TEL: 763.631.1142 FAX: 763.631.1188 Iohn.sutter&Mstalmn.aov PROPOSALS MAYBE SUBMITTED BY HAND DELIVERY, U.S, MAIL, FAX, OR EMAIL (.pdf format). PROPOSALS MAYBE SUBMITTED AT ANY TIME AND WILL BE CONSIDERED ON A "FIRST COME, FIRST SERVED" BASIS UNLESS THE LOT HAS BEEN OPTIONED BYANOTHER BUILDER. PROPOSAL FORM PROPOSAL TO THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL 4349 XENIA AVENUE NORTH CHECK ONE: BUILDER OFFERS $60,000 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 tentatively accepted by the EDA board, then EDA staff would work with the Builder to determine the specific house pian 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 EDNs lots, and no more than 50% of the EDA's lots may be under option at any time. BUILDER: (Builder is required to be a Residential Bur7ding Contractor licensed by the State of Minnesota.) Name: MY %% 1deWs� Zr%c-. State License Number: RL co 3�1 Tel(l); Gla.- g:tl71-4f_g_3 Tel (2): Di _-%63 - 5S7 -a-7 ` 1; Address: Y W • M e o(i c -i n rt Lk. hr- CityiSt te! ' l i Email: c�veryb,�wne;S �r<c, ;/0.�oC?. Cor+► I r Signature L v - ua[e 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. a 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 #1: 1-112Qc�ri C Ave- No. r Sd M N House #2: `/3 1 a �-a.n • - Ave. AJ Q. L r S'' c� ,�—IU� House #3: i ► `ti age M1V 5'1'1/ SUBMIT PROPOSAL TO: Attn: John Sutter, Crystal EDA, 4141 Douglas Dr N, Crystal MN 55422 TEL: 763.531.1142 FAX: 763.531.1188 19hn.sutterd-crvstaimn.gov PROPOSALS MAY BE SUBMITTED BYHAND DELIVERY, U.S. MAIL, FAX, OR EMAIL (.pdf format). PROPOSALS MAY BE SUBMITTED AT ANYTIME AND WILL BE CONSIDERED ON A "FIRST COME, FIRST SERVED" BASIS UNLESS THE LOT HAS BEEN OPTIONED BYANOT'HER BUILDER. KITCHEN 12—ogs-0 RAN !EIM SLOPED LAUMORY 13ATIH GARAGE 20-45c2C-0 FOYER COVmw STOOP FIRST FLOOR PLAN DINING AREA 17-1000-6 ACTIVITY ROOM ._._..._ ....... EDA STAFF REPORT Proposed Resolution amending the 2013 EDA and TIF "CRY - Housing District Budgets FROM: Charles Hansen, Finance Director Patrick Peters, Deputy Executive Director TO: Anne Norris, Executive Director (for May 7, 2013 EDA Meeting) DATE: May 2, 2013 SUBJECT: Resolution Amending the 2013 Budgets of Housing Replacement District #1, Housing Replacement District #2 and Economic Development Authority Background: The Bass Lake Road/Becker Park TIF district expired at the end of 2009. This means that it stopped collecting any more tax increments, but could continue to expend money that it had. Several projects that we planned to spend the remaining money on have been slow to develop, and so the district has continued to exist. After filing the annual reports with the State Auditor last summer, our financial advisor informed us that all money that originated from tax increments had been spent. The remaining money was from sources other than tax increments; therefore, the Bass Lake Road/Becker Park TIF district could be closed at the end of 2012, even though money remained in it. The City Council approved closing the district as of December 31, 2012 and transferring any remaining assets to the Economic Development Authority. We were far into the 2013 budget preparation when we learned this. Although we deleted the Bass Lake Road/Becker Park TIF district from the 2013 budget, we overlooked the need to amend the 2013 budgets of the EDA and Housing Districts #1 and #2. Each of these funds will have additional activity in 2013. Discussion: Economic Development Authority Fund The EDA received a transfer of $517,273.64 in cash and $823,000 in land inventory from the closed Bass Lake Road/Becker Park TIF district. In addition, it took on the responsibility to complete several unfinished projects of the TIF district. None of these projects were provided for in the adopted 2013 EDA budget. The first of these projects to come up are the street lights on the County Highway 81 Backage Road. The Engineering Department sought bids on the project and the cost estimate is $75,000. We should set a budget of $80,000 to provide a contingency. Half of the project cost is being paid by the Street Light Utility. Housing District #1 From 2009 through 2011, the majority of money for home improvement incentive rebate program came from the Bass Lake Road/Becker Park TIF district. It was intended that the 2012 budget would see support from the Bass Lake Road/Becker Park TIF district diminish and that Housing Districts #1 and #2 would take over supporting the home improvement incentive rebate program. As we progressed through the year 2012, other projects intended for the Bass Lake Road/Becker Park TIF district were delayed. Payments on the home improvement incentive rebate program continued to be paid from the Bass Lake Road/Becker Park TIF district in an effort to spend the balance of that fund so that it could be closed. As a result, Housing District #1 under spent its 2012 budget and ended 2012 with more money than was expected. This TIF district expires at the end of 2013 and its funds may only be used for affordable housing activities, including the home improvement incentive rebate program. We would like to spend the money in the district so that it can be closed at the end of 2013 or in early 2014. We propose to accomplish this by increasing the amount budgeted in the fund for the rebate program. This table shows the proposed changes to the 2013 Housing District #1 budget: Housing District #1 2012 2013 2012 2013 as Bud et Budget Actual Amended Cash & Investments - Beginning Balance $ 145,697 $ 5,176 $145,697$109,158 Revenues Property Tax - Tax Increment 11,000 10,000 9,887 10,000 Investment Income 2,000 100 1,834 100 Expenditures District Administrative Costs (2,071) (2,101) (1,693) (2,101) Home Improvement Rebate Program (150,000) (10,975) (44,421) (114,957) Transfers Transfer Out — EDA Fund 1,450 (2,200), (2,146) (2,200) Cash & Investments - Ending Balance $ 5,176 $ 0 $109,158 $ 0 Housing District #2 Housing District #2 began funding the Community Fix -Up Fund and FHA/HUD 203K loan programs in 2012 with a $36,000 appropriation. The loan programs got off to a slower start than anticipated and so only $4,308 was expended. Housing District #2 under spent its 2012 budget and ended 2012 with more money than was expected. This TIF district expires at the end of 2013 and as with the other housing district; its funds may only be used for affordable housing activities, including the home improvement incentive rebate program. This fund is proposed to reduce its 2013 expenditures as money is spent first from the Housing District #1. Housing District #2 should be closed by the end of 2014. This table shows the proposed changes to the 2013 Housing District #2 budget: Housing District #2 2012 2013 2012 2013 as Bud et Budget Actual Amended Cash & Investments - Beginning Balance $ 208,810 $ 188,054 $208,810$215,705 Revenues Property Tax - Tax Increment 15,600 12,000 11,924 12,000 Investment Income 2,800 400 2,599 400 Expenditures District Administrative Costs (2,071) (1,101) (1,715) (1,101) Community Fix -up and HUD 203K (36,000) (36,000) (4,308) (36,000) Home Improvement Rebate Program (161,153) (90,000) Transfers Transfer Out — EDA Fund (1,085) (2,200) (1,605) (2,200) Cash & Investments - Ending Balance $ 188,054 $ 0 $215,705 $98,804 Total appropriations for the home improvement incentive rebate program would increase with this proposal. It is unlikely that LaNel appropriation will be spent in 2013. In that event, the unspent money will remain in the LaNel District and can be appropriated in the 2014 budget. Appropriations for the home improvement incentive rebate program are proposed to be as follows: Housing District #1 Housing District #2 Lanel TIF District 2013 Adopted Budget $10,975 161,153 29.700 $201,828 2013 Amended Budget $114,957 90,000 29,700 $234,657 Looking ahead for the rebate program in 2014, we anticipate that there will be $98,804 remaining in Housing District #2. There may also be some of the $36,000 budgeted for the Community Fix -Up Fund and 203K remaining if demand for these programs does not increase. Once the Housing District #2 money is depleted, we will look to the LaNel District for long term funding of the rebate program. The City Council also will be presented with a resolution at an upcoming meeting to amend the subject budgets. Recommendation: Recommend approval of the attached resolution amending the budgets. Economic Development Authority of the City of Crystal RESOLUTION NO. AMENDING THE 2013 BUDGETS OF HOUSING REPLACEMENT DISTRICT #1, HOUSING REPLACEMENT DISTRICT #2 AND ECONOMIC DEVELOPMENT AUTHORITY WHEREAS, Section 7.05 of the City of Crystal Charter requires adoption of annual budgets for the City; and WHEREAS, the annual budget for the Economic Development Authority is included in the overall budget for the City of Crystal; and WHEREAS, it is necessary to amend the 2013 budgets of Housing Replacement Districts #1 and #2 to increase funding for the Home Improvement Rebate Program; and WHEREAS, it is necessary to amend the 2013 budget of the Economic Development Authority to provide funding for street lights on the County Highway 81 Backage Road. NOW, THEREFOR, BE IT RESOLVED that the appropriations in the 2013 budgets of the Housing Replacement District #1, Housing Replacement District #2 and Economic Development Authority are amended as follows: Fund Pro ram Budget Change._ Housing District #1 Home Improvement Rebate +$103,982 Housing District #2 Home Improvement Rebate -$71,153 Economic Development Authority County Highway 81 Backage Road Street Lights +$40,000 Adopted the 7th day of May, 2013. ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CRYSTAL Mark Hoffmann, President ATTEST: Anne Norris, Executive Director