HomeMy WebLinkAbout2001-008 EDAR1
its adoption:
Commissioner Kay Lasman introduced the following resolution and moved
RESOLUTION AMENDING THE BROOKLYN CENTER ECONOMIC
DEVELOPMENT AUTHORITY BUDGET FOR PROJECTS UNDERTAKEN
DURING THE YEAR 2000
WHEREAS, the Brooklyn Center Economic Development Authority (EDA) adopted
a budget for the operation of the Brooklyn Center EDA during the year 2000; and
WHEREAS, acquisition of property adjacent to the Earle Brown Heritage Center was
facilitated at a cost of $1,077,766 and 4315 '70 Ave. N. was acquired for $390,000; both financed
through fund balance; and
WHEREAS, several grants were applied for to facilitate the redevelopment of the
Joslyn Site which require the EDA to be the recipient of the grant revenue and pay the proceeds to
the developer in the amount of $1,812,425.
NOW, THEREFORE, BE IT RESOLVED by the EDA for the City of Brooklyn
Center that the 2000 budget of the EDA for said City is hereby amended to increase the following:
ESTIMATED REVENUES:
Intergovernmental revenues State Metro Council grants $1,812,425
Transfer from Fund Balance (bond proceeds) 1,467,766
Total Revenue by Source
APPROPRIATIONS:
Joslyn Redevelopment contracts
Purchases of property
EDA RESOLUTION NO. 2001 -08
$3,280,191
$1,812,425
1,467,766
Total Appropriations $3,280,191
May 14, 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, Ed. Nelson, Bob Peppe; and Tim Ricker;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.