EDA

10801 Town Square Dr. City of Blaine Blaine MN 55449 Anoka County, Minnesota Minutes - Final EDA The purpose of the Blaine Economic Development Authority is to increase the City’s commercial/industrial tax base, provide employment opportunities, undertake redevelopment to enhance and maintain neighborhood economic stability, and address special needs, such as senior housing. As authorized under Minnesota State statutes, the Blaine City Council also serves as the Blaine Economic Development Authority. Wednesday, November 5, 2014 7:00 PM Council Chambers 1 Call to Order The meeting was called to order by President Ryan at 7:00 p.m. 2 Roll Call Quorum Present. ALSO PRESENT: Clark Arneson, City Manager, Patrick Sweeney, City Attorney; Bryan Schafer, Planning and Community Development Director; Joe Huss, Finance Director Present: 5 - Comissioner Herbst, Comissioner Hovland, Comissioner Kolb, President Ryan, and Comissioner Swanson Absent: 2 - Comissioner Bourke, and Comissioner Clark 3 Minutes 3-1 MIN 14-36 October 16, 2014 EDA Minutes Sponsors: Schafer Attachments: 101614EDA Minutes Action was not taken on this item. 4 New Business City of Blaine Page 1 EDA Minutes - Final November 5, 2014 4-1 EDA RES 14-13 Consideration OF POSSIBLE EDA SALE OF BLAINE COURTS AND CLOVERLEAF COURTS Sponsors: Schafer Attachments: Blaine Courts Location Map Cloverleaf Courts Location Map Lang-Nelson Proposal Avinity Proposal Blaine Courts (1990) and Cloverleaf Courts (2000) were developed by the EDA to provide affordable independent senior apartments for senior residents of Blaine and surrounding communities. In total 157 units were built with these two buildings. The EDA has continued to own, maintain and provide direction on management while working with TC Christian Homes which is now Avinity. Recently the EDA was approached by Lang-Nelson (Lanel) with an offer to purchase the two properties. At the same time Avinity had also presented an offer. Both of these have been shared with the EDA. The two offers to purchase have significant differences and would result in different sale values and various levels of EDA financial involvement past the sale. Representatives from Avinty and Lanel shared their background and outlined their offers. Mary Kay Bladow, Cloverleaf Courts, commented on Avinty’s Christian background and the proposed sale. Dick Sherry and daughter Ann Marie expressed concern about selling and the possibility of rent increases. Peggy Morgantini, Cloverleaf Courts said maintaining affordable rent is most important. Bob Nelson commented about not being able to sell for five years or increasing rents more than a certain percentage. Bev Baumgartner, Cloverleaf Courts, suggested residents who are not pleased with the sale can move and offered her support for Lang-Nelson. Jim Dorf, Cloverleaf Courts, referred to the Council’s responsibility in the potential sale. Council consensus was to hold an EDA meeting on November 20, 2014, immediately following the regular Council meeting to consider the sale of City of Blaine Page 2 EDA Minutes - Final November 5, 2014 Blaine Court and Cloverleaf Court senior apartments. Discussed 5 Other Business None. 6 Adjournment Adjourned Aye: 5 - Comissioner Herbst, Comissioner Hovland, Comissioner Kolb, President Ryan, and Comissioner Swanson City of Blaine Page 3