Housing & Redevelopment Authority

Overview

The Housing and Redevelopment Authority's (HRA) mission is to assist the Wayzata City Council in addressing the City's housing and redevelopment goals and objectives in accordance with the Comprehensive Plan. The governing body consists of a five-member board of commissioners appointed by the Wayzata City Council. The HRA is a separate legal entity from the City Council guided by Legislative Statute. All HRA administrative and financial functions are performed by City staff.

Tax Increment Financing Districts

The Wayzata HRA has been actively involved in authorizing the creation of several Tax Increment Financing Districts throughout the City:

• Boardwalk / Nature Center – closed 2001
• Central Area Redevelopment District (CARD) I - closed 2009
• Central Area Redevelopment District (CARD) II - closed 2012
• West Lake Street - closed 2008
• Widsten
• Replacement District #5 (Bay Center)

Property Acquisitions

Since the HRA's creation in 1969, the HRA has acquired property for the following projects:

• Boardwalk Low-income Senior Housing Apartments on Wayzata Boulevard
• Lake Street Extension West of Ferndale
• Heritage Park at Batson's Corner
• Mill Street parking lot

Examples

Examples of how Tax Increment Funds have been used are:

• Finance streetscape improvements
• Sidewalk expansions
• Water, sewer and stormwater replacements
• Relocating utilities underground, on or near Lake Street
• Additional parking spaces in the Carisch ramp
• Upgrades to the City's marina and beach area
• Public docks near the Depot and Broadway Avenue
• Water treatment facility located on Lake Street West of Ferndale
• Parking lot on Mill Street
• Reconstruction of City roads throughout the City
• New library building