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HomeMy WebLinkAbout1987-170 CCR1 1 Member Celia Scott resolution and moved its adoption: RESOLUTION ENABLING THE CREATION OF DEVELOPMENT AUTHORITY IN THE CITY RESOLUTION NO. 87 -170 BE IT RESOLVED by the City .Council of Brooklyn Center, Minnesota (City) as follows: operation. Section 1. Backaround: Findings. introduced the following AN ECONOMIC the City of 1.01. The City is authorized by Minnesota Statutes, Chapter 458C (Act) to establish an Economic Development Authority (EDA) to coordinate and administer economic development and redevelopment plans and programs of the City. 1.02. It is found and determined by the City Council that the encouragement and financial support of economic development in the City is vital to the orderly development and financing of the City and in the best interests of the health, safety, prosperity, and general welfare of the citizens of the City. 1.03. It is further found and determined that the economic development and redevelopment of the City can best be accomplished by the establishment of an EDA as authorized by the Act. 1.04. The City Council has in accordance with the Act conducted a public hearing on the establishment of an EDA at which all persons wishing to be heard expressed their views. Section 2. Enabling Authority. 2.01. The Economic Development Authority of the City of Brooklyn Center (EDA) is established effective August 24, 1987. 2.02. The five members of the City Council shall serve as the commissioners of the EDA and the current members of the City Council are hereby appointed as commissioners. The EDA has the powers and duties given it by the Act and as limited by this resolution. 2.03. The following rules apply to the EDA and its a) The EDA has and may exercise all of the powers conferred by law upon a Housing and Redevelopment Authority of the City. b) The EDA may not exercise any of the powers conferred upon the City of Minnesota Statutes, Chapter 472A, the Municipal Development District Act. 1 1 1 RESOLUTION NO. 87 -170 c) The sale of bonds or other obligations of the EDA must be approved by the City Council. d) The EDA must follow the budget process for City departments in accordance with City policy, ordinance, resolution, and the City charter. e) Development and redevelopment actions of the EDA must be in conformance with the City comprehensive plan and official controls implementing the comprehensive plan. f) The EDA must submit its plans for development and redevelopment to the City Council for approval in accordance with City planning procedures and law. 2.04. As provided in the Act it is the intention of the City Council that nothing in this resolution or any activities of the EDA are to be construed to impair the obligations of the City under any of its contracts or to affect in any detrimental manner the rights and privileges of a holder of a bond or other obligation heretofore issued by the City. Section 3. Implementation. 3.01. The City Council will from time to time and at the appropriate time adopt such ordinances and resolutions as are required and permitted by the Act to give full effect to the resolution. 3.02. The Mayor, City Manager, Clerk, Finance Director, and Attorney of the City are authorized and directed to take the actions and execute and deliver the documents necessary to give full effect to this resolution. August 24, 1987 Date ATTEST:, Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Bill Hawes and upon vote being taken thereon, the following voted in favor thereof: Dean Nyquist, Gene Lhot'a, Celia Scott, Bill Hawes, and Rich Theis; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.