08/31/1982 - City Council Special00229
MINUTES OF A SPECIAL MEETING OF THE EAGAN CITY COUNCIL
EAGAN, MINNESOTA
AUGUST 31, 1982
A special meeting of the Eagan City Council was held on August 31,
1982 at 7:00 p.m. at the Eagan City Hall. Those members present were Mayor
Blomquist, City Councilmembers Egan, Smith, Thomas and Wachter. Also present
were City Administrator Hedges and Director of Finance /City Clerk VanOverbeke.
Multi- Family Mortgage Revenue Bond for Cedar Bluff Condominiums
A pulbic hearing was convened by Mayor Blomquist to consider an
application submitted by the Cedar Bluff Limited Partnership represented by
Miller & Schroeder Municipals, Inc., for a $9,000,000 multi- family residential
mortgage revenue bond issue to be sold for the purpose of providing mortgages
for the conversion of the Cedar Bluff condominiums from rental to owner occupied
units. Mr. Paul Ekholm appeared representing Miller & Schroeder Municipals,
Inc., and presented the program for the financing of a multi - family housing
development and, more specifically, the details of the proposed Cedar Bluff
Limited Partnership project that would be financed by revenue bonds issued by
the City under this program. He stated that the developer will convert the
project into for sale, condominium or cooperative ownership townhouses, and
will sell the townhouse units to persons and families using mortgage financing
subject to the requirements of the program. There were approximately 25 to
30 residents present who either reside in the Cedar Bluff Townhouses or own
homes adjacent to the Cedar Bluff Townhouses. There were a number of questions
raised, such as how much the units would sell for, if the units would be com-
pletely renovated, the impact that home owner occupied units would have on the
surrounding traffic, when the renters would be asked to vacate the Cedar Bluff
Townhouses if the units are converted to home owner occupied units, in addition
to other concerns that were related to the City Council. Several of the resi-
dents who were present raised issues regarding the Rivergate Townhouses, stating
that they were not pleased with the condition and present management of the
Rivergate Townhouses but had been recently impressed with the management of
the Cedar Bluff Townhouses. Mr. Paul Ekholm stated that, if the City Council
gave approval to the application, it would allow the program to be submitted
to the Minnesota Housing Finance Agency prior to the September 1, 1982 deadline;
and if the City Council should desire after that date and before December 31,
1982 to not proceed with the program, the City Council can simply take no action
or approve a resolution that does not allow the City to proceed with the bond
issue. A representative of the Cedar Bluff Limited Partnership made a brief
presentation about their plans to renovate the units; however, there were no
details available for presentation to the audience and City Council. City Coun-
cilmember Smith stated that he would support approval of the application to
the Minnesota Housing Finance Agency to allow the Cedar Bluff project to be
considered for financing of a multi- family housing development project; however,
before any final action is taken, he would ask that another public hearing be
held in November at which time detailed plans for the Cedar Bluff conversion
to condominium project would be available for presentation to the residents
and City Council. After a lengthy discussion and in a motion by Smith, seconded
by Thomas, with all members voting in favor, a resolution approving a 1982 multi-
family housing bond program for Northstar Universal, Inc., Project was approved
subject to:
00.230
Special City Council Minutes
August 31, 1982
Page Two
1. A public hearing will be required to review detailed plans regarding
the proposed condominium /cooperative conversion of Cedar Bluff Townhouses
at a scheduled public hearing for November. 16, 1982.
2. An acceptable homeowners' association agreement will be reviewed and
acted upon at the same public hearing.
Mayor. Blomquist, in a motion at the suggestion of several property owners and
seconded by Egan, directed the City Administrator to prepare a good neighbor
policy ordinance and a procedure for issuing an annual certificate of occupancy
for rental units. All members voted aye. R 82_44
TOWN MEETING /CITY HALL EXPANSION PROJECT SEE BOND FILE
A "Town Meeting" was held, with several residents present, to con-
sider the proposed city hall expansion program as evaluated by an appointed
citizens' advisory committee and the City Council. The City's architect, Mr.
Jack Boarman of Boarman Architects, Inc., was present and presented a slide
show that provided information about the proposed city hall expansion project.
The general consensus of those persons present was approval of the plan. There
was no action taken.
1983 PROPOSED GENERAL GOVERNMENT BUDGET
The City Council continued work on the 1983 budget with a review
of the anticipated revenues that are available for 1983. A preliminary review
of the proposed mill rate and increase in property taxes was analyzed. The
next meeting for consideration of the 1983 budget was set for September 16,
1982.
ADJOURNMENT
There being no further business, the meeting was adjourned.
Dated: August 31, 1982 TLH
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'C- ity Clerk