HomeMy WebLinkAbout2001-002 EDARCommissioner Robert Peppe
moved its adoption:
EDA RESOLUTION NO. 2001 -02
introduced the following resolution and
RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF A
DEVELOPMENT AGREEMENT
WHEREAS, the Brooklyn Center Economic Development Authority (the
"Authority has caused to be prepared a Development Agreement (the "Development Agreement
between the Authority and Twin Lakes Business Park, a Minnesota limited liability company (the
"Developer a form of which Development Agreement has been presented at this meeting; and
WHEREAS, pursuant to the Development Agreement the Authority has agreed to
provide tax increment assistance from Tax Increment Financing District No. 3 (A Redevelopment
District) to the Developer to help pay the cost of the acquisition and clearance of certain land
commonly referred to as the Dale Tile Property.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority
in and for the City of Brooklyn Center, Minnesota as follows:
The EDA hereby approves the Development Agreement in substantially the form
submitted, and the Executive Director is hereby authorized and directed to execute the Development
Agreement on behalf of the Authority.
January 8, 2001
Date
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Ed Nelson and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Kay Lasman, Fd Nelson and Robert Peppe
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.