HomeMy WebLinkAbout2007-007 EDAR1
Commissioner Mark Yelich introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO. 2007 -07
RESOLUTION AUTHORIZING THE CITY STAFF OF BROOKLYN CENTER
ECONOMIC DEVELOPMENT AUTHORITY (EDA) TO DISCONTINUE
DEVELOPMENT AGREEMENT NEGOTIATIONS WITH STEINER
DEVELOPMENT INC FOR THE REDEVELOPMENT OF EDA OWNED
PROPERTY AT 57 AVENUE AND LOGAN AVENUE NORTH
WHEREAS, July 12 2006 the staff was directed to enter into development
agreement negotiations with Steiner Development Inc. for the purpose of redeveloping the EDA
owned property at 57 and Logan Avenue North; and
WHEREAS, staff has met with representatives of Steiner development on several
occasion to in an attempt to reach consensus on a development agreement that would achieve the
objectives of the proposal submitted by Steiner Development Inc; and
WHEREAS, Market conditions have changed regarding housing demand and MPCA
approvals have been difficult to achieve; and
the parties;
WHERAS, continued negotiations are not likely to resolve the competing interests of
NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority
in and for the City of Brooklyn Center directs the Executive Director of the Economic Development
Authority to discontinue further negotiations with Steiner Development for the redevelopment of the
EDA owned property at 57 and Logan Avenue North.
April 23, 2007
Date
President
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Dan Ryan
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Kay Lasman, Mary 0' Connor, Dan Ryan, and Mark Yelich;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.