HomeMy WebLinkAbout1992-005 EDAR I I
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Commissioner Jerry Pedlar introduced the following resolution
and moved its adoption:
EDA RESOLUTION NO. 92 -05
RESOLUTION ESTABLISHING A PROJECT IN THE EARLE BROWN T.I.F.
DISTRICT FUND FOR TENANT IMPROVEMENTS AT THE EARLE BROWN
HERITAGE CENTER
WHEREAS, the Earle Brown Tax Increment District was created in
1985 to finance the restoration of the Earle Brown Heritage Center; and
WHEREAS, the opportunity now exists to extend the lease of an
existing office space tenant in the D -Barn at the Heritage Center; and
WHEREAS, certain tenant improvements are needed to make this
space suitable and attractive for the tenant to continue to rent; and
WHEREAS, the overall package represents an attractive rate of
return on investment for the E.D.A.
NOW, THEREFORE, BE IT RESOLVED by the Brooklyn Center Economic
Development Authority, that:
1. The proposed tenant improvements at the Earle Brown
Heritage Center in the amount of $8,600 are approved.
2. All costs of the improvement shall be charged to the Earle
Brown Tax Increment District.
3. The improvement shall be added to the contributed capital
of the Earle Brown Heritage Center.
January 27, 1992
Date
Todd Paulson, President
The motion for the adoption of the foregoing resolution was duly
seconded by Commissioner Dave Rosene and upon vote being taken
thereon, the following oted in favor thereof:
Todd Paulson, Celia Scot, Jerry Pedlar, Dave Rosene, and Philip Cohen;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.