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CC Work Session 2. 2. <br />Meeting Date: 07/22/2014 <br />Information <br />Title: <br />HRA Dissolution Process <br />Purpose/Background: <br />At the Council work session on April 8th, staff provided the Council with general information on the HRA's real <br />estate holdings and financial status. The process for dissolving the HRA was outlined and input from the Council <br />was sought regarding where the HRA's assets should be transferred if and when the HRA is dissolved. The <br />consensus of the Council was to transfer the COR properties to the City and the remaining properties to the EDA. <br />Attached is a map showing the location of the properties currently held by the HRA. All but one are located in the <br />COR. <br />As a reminder, the Charter provides that properties owned by the City cannot be sold unless the Council passes an <br />ordinance approving the sale. Because of the Charter ordinance requirements (two readings, and the ordinance is <br />not effective until 30 days after publication), property closings may be delayed longer than buyers may desire. An <br />EDA, acting solely under EDA authority, also has limitations on the sale of property, including a public hearing <br />requirement and a requirement that plans and specifications for development be submitted by the buyer before the <br />sale. An EDA with HRA powers can approve a sale without a public hearing and such other restrictions. <br />The Ramsey EDA's enabling resolution (98-11-280, attached) has been interpreted to mean that the EDA has HRA <br />authority. It can therefore sell land in the same manner as the current HRA. The non-COR property can be <br />transferred to the EDA by Council resolution at any time. No public hearing or action by the EDA or the HRA is <br />required. <br />If the COR properties are to be transferred to the City, that will occur when the HRA is formally dissolved later this <br />year. That is done by ordinance <br />Staff is seeking confirmation as to the properties to be transferred to the EDA and the City, direction as to the timing <br />of any transfers to the EDA, and direction as to any modifications to the EDA's enabling ordinance that may be <br />desired. <br />Timeframe: <br />15 minutes <br />Funding Source: <br />Responsible Party(ies): <br />Joseph Langel, City Attorney <br />Outcome: <br />Council direction on which entity should be the owner fo the HRA properties and what powers are to be conferred <br />upon the EDA. <br />Attachments <br />HRA Property Map <br />