CITY OF FRIDLEY, MINNESOTA
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City Council of the City of Fridley, Minnesota (the “City”) will hold a public hearing on
Monday, February 14, 2022 at 7:00 p.m., or as soon thereafter as the matter may be heard
at the City Council Chambers on the upper level of the Civic Center, 7071 University Avenue NE, Fridley, Minnesota, in response to a petition filed by at least 60% of the owners of the housing units of the Innsbruck North Townhouses Association (the “Association”), regarding two actions under Minnesota Statutes, Sections 428A.11- 428A.21, as amended (the “HIA Act”), as follows:
- Adoption of an ordinance establishing the Innsbruck North Housing Improvement Area (“Innsbruck North HIA”).
- Adoption of a resolution imposing fees on housing units within the Innsbruck North HIA.
If the Innsbruck North HIA is created, the City will work with the Association to facilitate various improvements to the housing units in the Innsbruck North HIA. The boundaries of the proposed Innsbruck North HIA are shown in the map below attached hereto as Exhibit A. Fees imposed on the owners of units within the Innsbruck North HIA (the “Housing Improvement Fees”) would finance the improvements.
Details regarding the hearing, the improvements, and the Housing Improvement Fees are as follows:
1. Persons to be heard: All persons owning housing units in the proposed Innsbruck North HIA that would be subject to the Housing Improvement Fees, and all other interested persons, will be given an opportunity to be heard at the hearing regarding the proposed Innsbruck North HIA and the Housing Improvement Fees.
2. Proposed Improvements: The proposed improvements include the following:
Recreation Center improvements, including but not limited to HVAC work; exterior renovation; interior renovation; roof replacement, including gutters, downspouts and garage roof; replacement of windows and doors; pool improvements; handrail improvements.
Property site and utility improvements, including but not limited to street, curb and gutter and driveway improvements and replacement; gutter and garage apron replacement; replacement of sanitary sewer, water and storm sewer mains; replacement of individual water and sewer lines; correct drainage issues; replace retaining walls; replace paths sidewalks and steps; replace light poles, replace pedestal mailboxes; replacement of street and building signs; trash enclosure improvements; playground replacement.
3. Estimated Cost of Improvements to be paid in whole or in part by Housing Improvement Fees: The total loan amount is estimated to be no greater than $6,090,000. The project costs are estimated to be $5,607,840 for construction and soft construction costs, $351,610 for costs associated with bond issuance, rounding, capitalized interest and financing costs, and $95,550 for City administrative and financial costs.
4. Amount to be charged against each housing unit: The total costs will be allocated equally to each unit. Estimates of the Housing Improvement Fee to be imposed on each housing unit in the Innsbruck North HIA is $21,472 (the “Prepayment Fee”). Unless prepaid by July 1, 2022, interest on the per-unit fees will be charged at a rate of 4.22% per annum and the total estimated annual fee if not prepaid for each housing unit is equal to $1,690.95 (the “Annual Fee”). Final Housing Improvement Fees may not be more than the amounts described in this paragraph.
5. Owner's right to prepay the total Housing Improvement Fee: Housing unit owners may prepay the Prepayment Fee, in whole but not in part, before July 1, 2022. After July 1, 2022, the fee may not be prepaid except in full upon sale of such housing unit. The unpaid balance will be imposed as an Annual Fee as described in paragraph 4 above
6. Number of years the Housing Improvement Fee will be in effect: If owners do not pay the Prepayment Fee by July 1, 2022, an Annual Fee will be imposed and collected at the same time and in the same manner as property taxes. The Annual Fee will be payable in equal installments over a period not to exceed 20 years beginning in 2023.
7. Compliance with Petition Requirement: Owners of more than 60 percent of the housing units that would be subject to the Housing Improvement Fee in the proposed Innsbruck North HIA have filed a petition with the City requesting a public hearing on the proposed Housing Improvement Fee, the creation of the HIA and the adoption of an ordinance. This meets the petition requirements for a public hearing under Minnesota Statutes, Section 428A.12 and the City’s policy.
For further information on the proposed Housing Improvement Fee, HIA, and ordinance contact Paul Bolin, Assistant Executive Director, Fridley HRA, 763-572-3591, Paul.Bolin@FridleyMN.gov.
Written comments may be submitted to the City via U.S. mail or via email to Paul.Bolin@FridleyMN.gov. Written comments received by the City before the agenda packet is produced and distributed will be included as attachments to the staff report. All comments received after that will be given to the city council at the beginning of the meeting and entered into the public record.
If you need special accommodations or have questions about the meeting please call 763-572-3523.
Melissa Moore, City Clerk
Dated: February 1, 2022