HomeMy WebLinkAbout2004-005 EDAR1
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adoption:
Member Kathleen Carmody introduced the following resolution and moved its
EDA RESOLUTION NO. 2004 -05
RESOLUTION CALLING A PUBLIC HEARING ON A BUSINESS SUBSIDY
AND THE DISPOSITION OF PROPERTY
WHEREAS, the Economic Development Authority of the City of Brooklyn Center,
Minnesota (the "Authority has received a proposal from Brooklyn Hotel Partners, LLC, a
Minnesota limited liability company, (the "Developer that the Authority convey certain property
owned by the Authority (the "Property to the Developer to be used for a full service hotel and an
indoor water park (the "Project
WHEREAS, pursuant to a Development Agreement proposed to be entered into by the
Authority and the Developer (the "Development Agreement the Authority will convey the Property
to the Developer and provide certain tax increment assistance to the Developer in connection with
the Project;
WHEREAS, the Authority proposes to undertake the Project as a redevelopment project
pursuant to Minnesota Statutes, Section 469.001 to 469.068 (the "HRA Law
WHEREAS, Section 469.029 of the HRA Law requires, among other things, that when an
authority determines to convey property it must first hold a public hearing;
WHEREAS, Minnesota Statutes, Section 116J.993 through 116J.995 requires a public
hearing be held on the tax increment assistance, which is a business subsidy; and
WHEREAS, the Authority desires to call a public hearing on August 23, 2004, on the
granting of the tax increment assistance and the proposed conveyance of the Property to the
Developer pursuant to the Development Agreement.
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners (the "Board") of
the Economic Development Authority of the City of Brooklyn Center, Minnesota, as follows:
1. Public Hearing on a Business Subsidy and Disposition of Property. This Board shall
meet at the time and place specified in the form of notice attached hereto as Exhibit A for the
purpose of holding a public hearing on the business subsidy and the proposed conveyance of
Property to the Developer pursuant to the terms and conditions of the Development Agreement,
pursuant to and in accordance with Minnesota Statutes, Sections 116J.993 through 116J.995 and
Section 469.029, as amended, respectively.
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EDA RESOLUTION NO. 2004 -05
2. Notice of Hearing; Filing of Development Agreement The Executive Director of the
Authority is hereby authorized to cause the notice of the hearing, substantially in the form attached
hereto as Exhibit A, to be published once not less than 10 nor more than 20 days prior to the hearing.
The Executive Director is hereby directed to place a copy of the proposed Development Agreement
between the Authority and the Developer on file in the Executive Director's Office at City Hall and
to make such copies available for inspection by the public.
August
9, 2004
Date Presid nt
The motion for the adoption of the foregoing resolution was duly seconded by member
Kay Lasman
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. 2004 -05
STATE OF MINNESOTA
SS.
COUNTY OF HENNEPIN
I, the undersigned, being the duly qualified and acting Secretary of the Board of
Commissioners of the Economic Development Authority of the City of Brooklyn Center, Minnesota,
DO HEREBY CERTIFY that the attached resolution is a true and correct copy of an extract of
minutes of a meeting of the Board of Commissioners of the Economic Development Authority of the
City of Brooklyn Center, Minnesota, duly called and held on August 9, 2004, as such minutes relate
to the calling of a public hearing on a business subsidy and the proposed disposition of property.
Secretary
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EDA RESOLUTION NO. 2004 -05
EXHIBIT A
CITY OF BROOKLYN CENTER
COUNTY OF HENNEPIN
STATE OF MINNESOTA
NOTICE OF PUBLIC HEARING
REGARDING A BUSINESS SUBSIDY AND THE DISPOSITION OF PROPERTY
NOTICE IS HEREBY GIVEN that the Board of Commissioners of the Economic
Development Authority of the City of Brooklyn Center, Minnesota (the "Authority will hold a
public hearing on August 23, 2004, beginning at approximately p.m., Central Time, in the
City Hall, on the proposed grant of a business subsidy to Brooklyn Hotel Partners LLC, a Minnesota
limited liability company (the "Developer under Minnesota Statutes, Sections 116J.033 through
116J.995 and the proposed sale of certain real property by the Authority to the Developer.
The property is being sold pursuant to a Development Agreement between the Developer and
the Authority for redevelopment in accordance with a redevelopment plan heretofore adopted by the
Authority (the "Redevelopment Plan A copy of the Development Agreement will be on file and
available for public inspection at the office of the Executive Director of the Authority, City Hall,
6301 Shingle Creek Parkway, Brooklyn Center, Minnesota.
All persons may appear at the public hearing and present their views orally or in writing on
the proposed subsidy and the sale of the property.
Dated: August 9, 2004
BY ORDER OF THE BOARD OF
COMMISSIONERS