HomeMy WebLinkAbout2024.06.24 EDAM REGULAR SESSION6/24/24 -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
JUNE 24, 2024
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 8:56 p.m.
2. ROLL CALL
President April Graves and Commissioners Kris Lawrence-Anderson, Dan Jerzak, and Teneshia
Kragness. Commissioner Marquita Butler was absent and excused. Also present were Assistant
City Manager/City Clerk Barb Suciu and City Attorney Siobhan Tolar.
3. APPROVAL OF AGENDA AND CONSENT AGENDA
Commissioner Lawrence-Anderson moved and Commissioner Jerzak seconded to approve the
Agenda and Consent Agenda, and the following item was approved:
3a. APPROVAL OF MINUTES
1. July 10, 2024 – Regular Session
3b. RESOLUTION DESIGNATING THE FORMER TARGET BUILDING AS
SUBSTANDARD AND ESTABLISHING AN INTERFUND LOAN
Motion passed unanimously.
4. COMMISSION CONSIDERATION ITEMS
4a. RESOLUTION 2024-04 APPROVING THE FIRST AMENDMENT OT THE
PURCHASE AND DEVELOPMENT AGREEMENT WITH C ALLEN HOMES
Ehlers Consultant Jason Aarsvold explained a Purchase and Development Agreement was
approved with the initial C Alan Homes projects. The agreement was to convey the property to
the developer for $1. There was a requirement to maintain seven units as affordable. The
construction began on Project 1, but the project remains unfinished. As for Project 2, there hasn’t
been any progress.
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Mr. Aarsvold noted the property is under threat of foreclosure which would affect the EDA’s
agreements. The agreement would remain in effect and any new owner would be subject to the
obligations in the agreement. The affordability declarations would terminate in a foreclosure. A
new owner would have to engage with the EDA to determine a path forward for any future project.
President Graves asked if she could make the motion to support both projects, though the second
project has been denied elsewhere. City Attorney Siobhan Tolar recommended the EDA approve
an amendment only for one project.
President Graves moved and Commissioner Lawrence-Anderson seconded to adopt EDA
RESOLUTION NO. 2024-04 approving the first amendment to the purchase and development
agreement (with respect to an extension of the time only for project 1).
Motion passed unanimously.
5. ADJOURNMENT
Commissioner Lawrence-Anderson moved and Commissioner Jerzak seconded adjournment of
the Economic Development Authority meeting at 9:02 p.m.
Motion passed unanimously.