HomeMy WebLinkAbout1996-214 CCR1
Member Kristen Mann introduced the following resolution and
moved its adoption:
RESOLUTION NO. 96 -214
RESOLUTION AMENDING CITY COUNCIL RESOLUTION NO. 91 -277, A
RESOLUTION CLOSING THE 1976 SPECIAL ASSESSMENT DEBT SERVICE
FUND AND TRANSFERRING THE REMAINING FUNDS TO THE EDA FUND,
THE CAPITAL IMPROVEMENTS FUND, THE SPECIAL ASSESSMENT
CONSTRUCTION FUND, AND THE PARK BONDS OF 1980 DEBT SERVICE
FUND
WHEREAS, City Council Resolution No. 91 -277 provided for the transfer of
$1,000,000 from the City's available fund balance as of December 31, 1990, to the Economic
Development Authority; and
WHEREAS, Resolution No. 91 -277 transferred the funds described above for the
creation of an endowment, the earnings of which will be used to support acquisitions and projects
conducted pursuant to Minnesota Statutes, Section 469.012, Subd. 1, Clause (7), or such other
projects as are hereafter approved by the City Council; and
WHEREAS, by City Council Resolution No. 96 -207, the Brooklyn Center City
Council approved the 53rd Avenue Development and Linkage Project by reprogramming Urban
Hennepin County Community Development Block Grant funds from scattered site redevelopment
projects to the 53rd Avenue Development and Linkage Project; and
WHEREAS, the City Council has determined the use of the endowment funds are
essential to finance the 53rd Avenue Development and Linkage Project; and
WHEREAS, it is the desire of the Brooklyn Center City Council to have the EDA in
and for the City of Brooklyn Center to administer and execute the 53rd Avenue Development and
Linkage Project.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, as follows:
A. City Council Resolution No. 91 -277 is hereby amended by revising the last
paragraph on the first page of the resolution to read as follows:
1. To transfer effective January 1, 1991, the amount of $1,000,000 to the
Economic Development Authority for the creation of an endowment which
will be used to support acquisitions and projects conducted pursuant to
Minnesota Statutes. Section 469.012, Subd. 1, or such other projects as are
hereinafter approved by the City Council.
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RESOLUTION NO. 96 -214
ATTEST:
October 28, 1996
Date
2. The Economic Development Authority in and for the City of Brooklyn
Center is hereby directed to administer and execute the 53rd Avenue
Development and Linkage Project, including the creation and approval of a
project budget and administration and execution of all project activities.
Aso (6 1.,tm
City Clerk
May
The motion for the adoption of the foregoing resolution was duly seconded by member
Kathleen Carmody and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Kathleen Carmody, Debra Hilstrom, Kristen Mann, and Charles Nichols;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.