05-07-2018 HRA MIN - Laserfiche WebLink

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Housing and Redevelopment Minutes May 7, 2018 Page 4 Ms. Othoudt stated this analysis was not budgeted but the HRA can realize some of the reserves by year end. She reminded the HRA that there is nothing stopping a private developer to purchase the school district building and do this project on their own. She stated the advantage is the city could control what type of development is established and control the increment that's being generated with this project. She stated this analysis could reveal that this project this isn't viable at all and in order to proceed with this, the proposal should be approved. Commissioner Eder reiterated the communication of this project is important and not acceptable to give someone 48 hour notice. She asked to discuss the forms of communication the city will use. Commissioner Kuester stated regardless of what the HRA decides, more information needs to be provided up front to avoid misinformation. Commissioner Ovall asked if there were preliminary discussions with reserving options. Ms. Othoudt stated there was preliminary discussions with both property owners and both are receptive to the idea. Commissioner Ovall asked that an increment sheet be provided. Ms. Othoudt stated she could provide it for reference in Dropbox. Chair Ovall asked if the cost of this analysis could be reimbursed by a developer. Ms. Othoudt stated the expenses the HRA incurred could be used as a negotiation technique when the property was sold to a developer. The HRA asked questions regarding the details of the proposal by LHB, Inc. and Ms. Othoudt clarified the proposal. Commissioner Chuba moved to accept the proposal by LHB, Inc. to perform a Redevelopment Analysis as outlined in the staff report. Chair Toth asked for a second to a motion Chair Toth asked for a second to the motion. The motion died for lack of a second. Chair Toth stated this item will be tabled and requested it be placed on a future agenda to allow the commission members to ask additional questions. Commissioner Kuester asked if this assessment wasn't completed, what would be the outcome.