Housing & DevelopmentParks, Trails & RecreationPlanning & ZoningPermits & LicensesPublic SafetyPublic WorksInspectionsCity of Hopkins, MinnesotaCommunityCity HallCity of Hopkins, MinnesotaContact UsAbout This SiteCity of Hopkins, MinnesotaSearchThe Depot Coffee HouseHopkins Activity CenterHopkins Center for the ArtsHopkins PavilionOverpass Skate Park

February 7, 2006

A regular meeting of the Hopkins Housing and Redevelopment Authority was held February 7, 2006, at Hopkins City Hall. Present were Chairman Eugene Maxwell and Commissioners Kristi Halverson, Bruce Rowan, Jay Thompson, and Cheryl Youakim. Also present were Executive Director Rick Getschow, Assistant Executive Director James Kerrigan, and City Attorney Wynn Curtiss.

  1. Call To Order
    The meeting was called to order at 7:00 pm.
  2. Open Agenda/Public Comments
    None
  3. Consent Agenda
    1. Approve minutes of the January 3, 2006, regular meeting
    2. Approve disbursements through January 31, 2006
    3. Schedule special HRA meeting for February 21, 7:00 pm
      Commissioner Rowan moved, Commissioner Thompson seconded, to approve the consent agenda. The motion was approved unanimously.
  4. New Business
    1. ITEM 2006-04 Amended development agreement, GPS Development, LLC (Sixth & Main Project)
      Mr. Kerrigan gave an overview of the status of the development agreement with GPS Development, LLC. He stated that a number of action items were not completed within the agreement's time line. As a result, the agreement will need to be terminated or extended. Mr. Kerrigan outlined the new requirements of the proposed agreement. In response to a question by Commissioner Youakim, Mr. Kerrigan stated that the age restriction for the first phase is removed, with the possibility that it will be removed for the second and third phases. He also stated an updated parking study details that there is adequate parking with the age restriction removed.
        Commissioner Thompson moved, Commissioner Youakim seconded, to authorize execution of the amended development agreement with GPS Development, LLC (Sixth & Main Project). The motion was approved unanimously.
    2. ITEM 2006-05 Modified development agreement, Marketplace and Main, LLC
      Ms. Elverum provided an overview of this item. She stated that the modified agreement would have some changes from the agreement as approved by the board in November. Sid Inman of Ehlers & Associates detailed information on the revenue TIF bond proposed in the modified agreement. Bob Deike of Bradley & Deike stated that creation of a new TIF district for this project will not negatively impact TIF District 1-3.
        Commissioner Thompson moved, Commissioner Rowan seconded, to approve Resolution 437, approving the modified version of the contract for Private Redevelopment with Marketplace and Main, LLC. The motion was approved unanimously.
    3. ITEM 2006-06 Request City Council to schedule public hearing for April 18, 7:30 pm, TIF District 1-4
      Commissioner Halverson moved, Commissioner Rowan seconded, to request the City Council to hold a public hearing on April 18, 2006, at 7:30 pm to consider the establishment of the redevelopment program for Redevelopment Project No. 1, the modification of Tax Increment Financing District 1-3, and the establishment of TIF District 1-4. The motion was approved unanimously.
  5. Adjournment
    Commissioner Thompson moved, Commissioner Rowan seconded, to adjourn the meeting. The motion was approved unanimously. The meeting adjourned at 7:28 pm.