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HomeMy WebLinkAbout2023.05.08 EDAM REGULAR SESSION5/8/23 -1- MINUTES OF THE PROCEEDINGS OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA REGULAR SESSION MAY 8, 2023 CITY HALL – COUNCIL CHAMBERS 1. CALL TO ORDER The Brooklyn Center Economic Development Authority (EDA) met in Regular Session called to order by President April Graves at 8:36 p.m. 2. ROLL CALL President April Graves and Commissioners Marquita Butler, Kris Lawrence-Anderson, Dan Jerzak, and Teneshia Kragness. Also present were City Manager Reggie Edwards, Assistant City Manager/City Clerk Barb Suciu, and City Attorney Jason Hill. 3. APPROVAL OF AGENDA AND CONSENT AGENDA Commissioner Jerzak stated he didn’t see any minutes to approve. President Graves stated the minutes are at the back of the packet. Commissioner Jerzak apologized for missing the minutes. Commissioner Lawrence-Anderson moved and Commissioner Kragness seconded to approve the Agenda and Consent Agenda, and the following item was approved: 3a. APPROVAL OF MINUTES 1. February 27, 2023 – Regular Session Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. APPROVAL OF TIF DISTRICT #10 (WANGSTAD COMMONS) AND TIF AGREEMENT Executive Director Reggie Edwards introduced the item and Jason Aarsvold, EDA Project Management with Ehlers, continued the presentation. Jason Aarsvold, EDA Project Management with Ehlers, explained there are specific actions the EDA would need to take to allow the project to continue moving forward. The same information 5/8/23 -2- was presented during the regular meeting. The action before the EDA would approve the tax increment financing (TIF) district and requires a public hearing for sale of EDA-owned land. The EDA will need to approve a TIF assistance agreement to formally direct assistance to the developer. This action is planned for a future EDA meeting in a couple of months. Commissioner Jerzak moved and Commissioner Lawrence-Anderson seconded to open the public hearing. The motion passed unanimously. No one wished to address the Council. Commissioner Kragness moved and Commissioner Jerzak seconded to open the public hearing. The motion passed unanimously. Commissioner Butler moved and Commissioner Jerzak seconded to adopt EDA RESOLUTION 2023-04; Removing certain parcels from Tax Increment Financing District No. 6, approving a modification to the Redevelopment Plan for Housing Development and Redevelopment Project No. 1, establishing Tax Increment Financing District No. 10: Wangstad Commons (a housing district) therein, approving a tax increment financing plan therefor and authorizing the sale of certain real property. Motion passed unanimously. 5. ADJOURNMENT Commissioner Lawrence-Anderson moved and Commissioner Jerzak seconded the adjournment of the Economic Development Authority meeting at 8:42 p.m. Motion passed unanimously.