HomeMy WebLinkAbout4.e. Senior Housing Update CITY OF ROS�OUNT
EXBCIITIVE SIIb�iARY FOR ACTION
PORT AUTHORITY MEETING DATE: NOVEMBER 15, 1994
AGENDA ITgNI: Senior Housing Update AGTsNDA SFsCTION:
OLD BUSINESS
pREPARED BY: Ron Wasmund, AGENDA NO.
Community Development Director 4. E.
ATTAC�lENTS: Diane Nordquist Memo APPROVED B •
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The attached memo from Diane Nordquist of the Dakota County HRA explains
where they are at with the acquisition of properties along the west side of
Cameo. This project continues on schedule.
RECO�NDED ACTION: None. Discussion item only.
COUNCIL ACTION:
NO�—�8-94 TUE 09 :41 pM DAKOTA COUNTY HRA 451 7250 P. 02
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MEMpRANDUM
T0: Ranald Wasmund, Community Development Director
FROM: Diane Nardquist, nakota County HRA�
DATEi November $, 1994
BTJHJECT; Ro�emount Seniar Housing Site Acquisiti�n Update
This m�morandum �s to updat� you on the status of si.te acquisition
�or the Rosemaunt ser��,pr housir�g site. To date, the HRA has
recexved apprais�ls on three properties locat�d along cameo Avenue
and the dupl.�x on the corner a� Gam�o Avenue and Lower x47th
Stre��, AYl appraisals hav� been reviewed and cQnfirmed by an
independent review appraiser.
Results from the appra�.sals compax�d to the avai�abili,ty of
Comrt�unity Development Block Gran� (CDBGj funds in 1994 (see
attach�d budget) , will allow us ta proceed with purchase o��ers on
�hree pxoperties as pl�►nned. An affer on the fou.rth property �an
be made when 1995 funds become availab�e. It was estimated the
Gity would prov�de up to $56,000 towards the project in ].g95.
Aequisition of the. rema�r►�ng three praperti�s will be started in
Z99F�.
It i� hnped that we will have signed purchase agreements on �he
first three prnperties by the aarly part of Jz�nuary. Each offer
will ?ae made conti,ngent on rece�vi.nq signed purchase agreements on
the other two properties. I do not anticipate incurring any�
xelocation or demolition costs until Spring af 1995.
Plea�e �eel free ta call me at 423-8112 i� yau have any ques��ans
or comments regarding site acquisition.
"AN EQUAL OPPORTUNITY EMPLOY'ER"
NO�-AS-94 TUE 09 :42 AM DAKOTA COUNTY HRA 451 725@ P. 03
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Section 2. m) Fun�in�t- It iG pre$ently anticiP�►ted that in t�rd�r ta
h the aa ui.sition of all parcel� necess�ry to undertake the
accomplis q
Froject, it wi].� involve the expenditur� of appr�xim�►tely $58Q,OOo.
The Municfpslity, R.PA, �nd tha Autharity �gree that such ncquis�tions
will be funded through the usa of RPA tax �ncrement fir►�ncing funda t�r►d
Muriici�+a��ty Community Development Block Grant �unds, in the years and
in the a.mounts aet forth b�law:
s a o`
Saurce 19�4 �9� 194f �,�Z �,atals
Rosemoun� T�F �`urids 0 56 55 55 $166,000
cft� cn�c ��ant� *2b4 ,_..� � �t saza ,o00
z6a 56 205 55 S58o,o00
* Includee reproqre►mcaed 1992 CDBc� funds
1�) gc�d,i�ie al F�ndinct. It is ant,�ci.pated that the c�ollar amount
i�dicated fn sectfon 2 (a) (the "Estimated pro�ect Acqufsitfon Cost")
will be suffi�ient to permit the Authcrity to acquire and asSemhle a
site with the required number of square feet to facilitate construotion
o� �he Project. In the event a�quisitfor► costs �xce�d the �stimated
Pro�Qct Acqui�itian Cost due to the need to cor�rect poor �oil
aanditior►s, the existe»ce of envfro��aentally "hazardaus sttbstarices" �►s
defined at Minn�sr�ta Statutes, Chapter 1158, the need ta acqafre
additiona�. land in order to comply with the Municigality zcning or
subdivision ordinanaes, �r due ta any other �actor wh�ch prevents the
Authority from assembling a site far the Project within the Estimated
Project Acquisition Cost, trien all part�es will. mutually agree to
�qu�tably fund the excess of the Estimated Project Acquisitidn Cost.
section 3. Pzoperties to be
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acquired by the AuthaX�ty �hall be se�ected in the manner provided in
th�+a Sectfon. Because the funding to undertake �uch aaqui�itions will
nat be availabl� �n fts entirety nt thi� timQ and will be provided at
the �imes and in th� amaunts �et forth in 5ecti.on 2 above, it is
intended that prcperties wiil �be aaqufred from w�iling sellers on a
lattery basis. Tha Authority wi11 provide notices to awner� of
praperti+�s on whfch the Project is proposed to be located fn�orming
such owners that the Aathority is interasted in acquiring their
property nnd t1�at �uch owners� shou].a respond �� �k�ey desire to have
th�ir propertfes acquired by the Authority. Owr,�rs will be further
informed that properties which are unoccupied, as we�.1 as propertfes
the ewnerss af which have executed Waivera of relocatian benefits and
services under StaGe and federal law, will be given priority in tha
selectian process. owners of properties which are unoCCupied t�nd
ownerB who have exe�uted relocatio» waivers will have their propertfes
acqufred by the Authar�ty an a lottery ba.sis. =f no �uch O�rt�ers
respond, then owners who requ�st the Au�hority t� acquire their
progerties will have the�r prop�rties aaquired on a lottery basis to be