HomeMy WebLinkAbout2003-010 EDAR1
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its adoption:
WHEREAS:
Commissioner Kay Lasman introduced the following resolution and moved
September 22, 2003
Date
EDA RESOLUTION NO. 2003 -10
RESOLUTION APPROVING A BUSINESS SUBSIDY AND DEVELOPMENT
AGREEMENT AND AUTHORIZING ITS EXECUTION (GLOBAL HENNEPIN
COUNTY PROPERTIES PROJECT)
A. The Authority has prepared a Development Agreement with Global Hennepin County
Properties, LLC (the "Developer pursuant to which the Authority will provide tax increment
assistance for soil correction work in connection with a facility to be constructed on the property by
the Developer (the "Development Agreement and seeks the Economic Development Authority's
approval.
B. The City held a public hearing on the business subsidy proposed to be given to the
Developer on this date following at least 10 days published notice in the local newspaper of general
circulation.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority
in and for the City of Brooklyn Center:
1. Approval of Business Subsidy. The Economic Development Authority hereby
approves the form of the business subsidy agreement with the Developer and consents to the
Authority's granting of the business subsidy to the Developer.
2. Approval of the Development Agreement. The Economic Development
Authority hereby approves the form of the Development Agreement and consents to the Authority's
execution of the Development Agreement.
Presiden
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Bob Peppe
and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Kathleen Carmody, Kay Lasman, Diane Niesen, and Bob Peppe;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.
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EDA RESOLUTION NO. 2003 -10
STATE OF MINNESOTA
COUNTY OF HENNEPIN
CITY OF BROOKLYN CENTER
I, the undersigned, being the duly qualified and acting Clerk of the City of Brooklyn Center,
Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing extract of
minutes with the original thereof on file in my office, and that the same is a full, true and complete
transcript of the minutes of a meeting of the Economic Development Authority of said City, duly
called and held on the date therein indicated, insofar as such minutes relate to the approval of a
business subsidy and development agreement with Global Hennepin County Properties, LLC and
authorizing its execution.
WITNESS my hand this 23 day of September 2003.
J aw 4 1 y),
City Clerk