February 22, 2006
Redevelopment Committee Members Present: Rosemary Dolata, Darrell Gerber, Peter Hallstrom, Mark Hinds, Arthur Knowles, David Motzenbecker, Tom Parent, Marnie Peichel, Ryan Raleigh, Dave Saddoris,
KFNA Staff Present: Joanna Sahlberg Hallstrom, Sarah Linnes-Robinson
Business/ Community Member Present: Janet Keith and Virginia Richmond, property owners of 37XX Nicollet Ave. S. and Jeff Matson, of CURA / Minneapolis Neighborhood Information Systems.
Introductions: Saddoris introduce Janet Keith and Virginia Richmond to the Redevelopment Committee.
Approval of Minutes: January 2006 minutes approved.
37XX Nicollet Ave. Zoning Request: Saddoris introduced zoning request of Janet Keith and Virginia Richmond. Richmond is the property owner of 37XX Nicollet Ave. S, a residential home with retail spaced attached to the front of its structure. The property is located just north of Marisa’s Bakery. Richmond seeks to down zone her property from commercial (C1) to residential (R5) because she needs to refinance her property and her property refinancing request is not being approved by her lender under its current zoning status. Richmond requested KFNA support to change her property from C1 to R5.
Richmond moved to Minnesota from Illinois in 1989 and purchased the property with the intention of operating a business in the retail space attached to the house. Richmond subsequently had a stroke and was unable to proceed with her business plan. The home was originally financed through a regular mortgage and contract for deed. Richmond stated that she is refinancing now because repairs on the home are too costly and her SS and rental income are limited. Richmond, a senior citizen is seeking to refinance in order to receive a reversed loan, to allow her to stay in her home of 17-years.