Category: Real Estate Law

BGS Adds New Real Estate Attorney to Team

March 10, 2020  |  BGS

Barna, Guzy & Steffen LTD. announces the addition of a new associate to our firm. Erik C. Ordahl has joined the firm’s Real Estate and Banking department and will be working closely with attorneys practicing in those areas serving existing clients and enhancing the firm’s ability to serve our community.He is an experienced real estate attorney who has worked with clients in commercial and real estate transactions negotiating and drafting agreements in land usage, real estate development projects, environmental issues, property maintenance, and more. He has also worked for the Minnesota Department of Transportation and the Minnesota Public Utilities Commission. Erik is a 2017 graduate of Mitchell Hamline School of Law, Cum Laude, where he was also a member of the Transactional Law Meet Competition team. Barna, Guzy and Steffen, LTD. has a long standing tradition of helping clients with their legal needs, serving generations of clients in the north metro. Erik is excited to be joining our legal team saying, “I look forward to being a part of the Barna, Guzy and Steffen team. It is an honor to be able to continue BGS’ long tradition of providing clients with the help they need.”

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Rachel Schwankl Selected for Fridley Housing & Redevelopment Authority

October 21, 2019  |  BGS

Rachel Schwankl, Real Estate Paralegal at Barna, Guzy & Steffen, was recently appointed to the Housing and Redevelopment Authority (“HRA”) in Fridley, MN. According to the City website, “In 1947, the Minnesota Legislature created the Municipal Housing and Redevelopment Act, which authorized cities to create Housing and Redevelopment Authorities (HRAs) charged with improving “substandard conditions” characterized by “dilapidation, obsolescence, overcrowding and faulty arrangement or design of buildings and improvements.”Fridley’s HRA was established in 1965 and today plays an active role in developing and redeveloping the City. HRA projects are designed to enlarge the tax base, create jobs, and create vital, attractive businesses in blighted or underdeveloped areas of the City. The HRA is empowered to carry out housing rehabilitation programs and redevelopment projects that create new housing opportunities. The HRA also makes use of State and Federal programs to provide housing rehabilitation assistance to those that qualify. Examples of State programs include the First Time Home Buyer Program, the Minnesota Fix-Up Fund, and the Home Energy Fund. Federal programs include the Community Development Block Grant Program and HUD’s HOME program. Housing and Redevelopment Authority Services: Business site selection assistance; Local tax structure and tax increment financing districts data and analysis; Guidance on available City programs and other programs for various types of projects;…

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Minnesota Deed Registry Tax Update

October 4, 2019  |  Tammy J. Schemmel

The Minnesota Department of Revenue recently announced a change to how Deed Taxes are calculated, effective for deeds recorded in Minnesota beginning January 1, 2020. While the minimum deed tax amount remains $1.65 for non-exempt transactions, the threshold or minimum net consideration was increased from $500.00, to $3,000.00. See Minnesota Statute 287.21(b). Connect with a professional Real Estate attorney at Barna, Guzy & Steffen in Coon Rapids, MN for all of your real property legal needs.

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