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CRCivicRundownRichfield, Minnesota

Meeting record · Richfield, Minnesota

Housing & Redevelopment Authority — Monday, November 17, 2025

8 items on the record

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Items on the record

  1. Item 5.a.Approvedper the meeting record — vote tally not extracted

    Approval of September 15, 2025 HRA Meeting Minutes

    The HRA approved the minutes of its September 15, 2025 regular meeting, which had documented approval of a Bring It Home Minnesota funding award and $295,409.63 in claims paid.

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  2. Item 6.a.Discussedinformational or procedural item — no vote taken

    TIF Status Presentation

    City staff presented an update on the status of Richfield's ten active Tax Increment Financing (TIF) districts and three districts decertifying, showing all districts on track with no compliance issues. The presentation detailed pooling opportunities, including $750,000 already transferred to the Housing Trust Fund since 2022 and $1.3 million spent under the Temporary Spending Authority, along with plans for future affordable housing funding as districts like Interchange West/Lyndale Gateway and Urban Village decertify in December 2025.

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  3. Item 7.a.ApprovedPassed (Consent Calendar)

    Amendment to Developer Agreement with West Hennepin Affordable Housing Land Trust

    The HRA approved a First Amendment to its January 2025 Developer Agreement with West Hennepin Affordable Housing Land Trust (WHAHLT), removing the $80,000-per-property funding cap and allowing WHAHLT to rehabilitate more than three homes using the same total $240,000 in Affordable Housing Trust Fund money. WHAHLT has already completed three home rehabs in 2025 using less than $80,000 each and requested to use the remaining $70,000 toward a fourth Richfield property for resale to households earning 80% or less of area median income ($104,200 for a family of four).

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  4. Item 10.a.ApprovedPassed

    Amendment to 2022 Spending Plan for Unobligated Tax Increment

    The HRA considered amending its November 2022 Spending Plan, which authorized up to $6,345,000 in unobligated tax increment from the Lyndale Gateway/Interchange West, Urban Village, and City Bella TIF districts, to extend the deadline for spending these funds from December 31, 2025 to December 31, 2026, per a 2025 state legislative change the City advocated for. No other changes to the plan's priorities or spending strategy were proposed.

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  5. Item 10.b.ApprovedPassed

    Decertification of Tax Increment Financing District No. 2020-2 (Emi)

    The HRA adopted a resolution decertifying TIF District No. 2020-2 (Emi, located at 101 66th Street East) after the City terminated its development agreement due to non-performance by the developer, ahead of the district's five-year rule deadline of March 2026.

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  6. Item 10.c.ApprovedPassed

    Decertification of the Urban Village Tax Increment Financing District

    The HRA adopted a resolution decertifying the Urban Village TIF District effective December 31, 2025, returning the property—with an estimated 2026 market value of $73.6 million—to the general tax rolls and generating an estimated $1,012,829 in additional tax capacity for the city, county, and school district.

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  7. Item 10.d.ApprovedPassed

    Decertification of the Interchange West / Lyndale Gateway Tax Increment Financing District

    The HRA adopted a resolution decertifying the Interchange West / Lyndale Gateway TIF District effective December 31, 2025, returning the Best Buy and Richfield Senior Housing properties to the tax rolls, with Best Buy's estimated 2026 market value at $62,456,000 and combined additional tax capacity estimated at over $1.47 million.

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  8. Item 14Approvedper the meeting record — vote tally not extracted

    Approval of Claims

    The HRA was scheduled to approve routine claims and financial payments for the period, following the pattern of prior meetings where claims such as HRA checks and Section 8 housing assistance payments are approved together.

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Official documents

Last updated Tuesday, July 28, 2026 · AI-assisted summaries — the official documents above are authoritative.