HomeMy WebLinkAbout1990 12-18 EDAM Special Session1
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MINUTES OF THE PROCEEDINGS OF THE ECONOMIC
DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN
CENTER IN THE COUNTY OF HENNEPIN AND THE STATE
OF MINNESOTA
SPECIAL SESSION
DECEMBER 18, 1990
CITY HALL
CALL TO ORDER
The Brooklyn Center Economic Development Authority met in special session and
was called to order by President Dean Nyquist at 10:05 p.m.
ROLL CALL
President Dean Nyquist, Commissioners Celia Scott, Todd Paulson, Jerry Pedlar,
and Philip Cohen. Also present were EDA Director Gerald Splinter, Director of
Public Works Sy Knapp, Finance Director Paul Holmlund, Director of Planning and
Inspection Ron Warren, City Attorney Charlie LeFevere, Assistant Finance
Director Charlie Hansen, and Administrative Aide Patti Page.
APPROVAL OF MINUTES OCTOBER 29, 1990 SPECIAL SESSION
There was a motion by Commissioner Scott and seconded by Commissioner Paulson to
approve the minutes of the October 29, 1990, EDA meeting. The motion passed
unanimously.
RESOLUTION NO. 90 -16
Commissioner Jerry Pedlar introduced the following resolution and moved its
adoption:
RESOLUTION APPROVING THE BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY BUDGET
FOR THE YEAR 1991 PURSUANT TO MSA CHAPTER 469.033, SUBDIVISION 6 AND MSA CHAPTER
469.107, SUBDIVISION 1
The motion for the adoption of the foregoing resolution was duly seconded by
Commissioner Celia Scott, and the motion passed unanimously.
DISCUSSION ITEMS
ESTABLISHING THE BUDGET FOR TENANT IMPROVEMENTS TO D BARN AND AUTHORIZING THE
TAKING OF QUOTES FOR WORK
The EDA Director briefly reviewed the proposed improvements to the D barn.
Commissioner Scott inquired what the interest rate would be on this loan. The
EDA Director stated it would be the same as what we would earn if the money were
earning interest. Commissioner Paulson inquired what other options were
available to the EDA. The EDA Director stated the EDA should either take this
offer or look for a better deal with a different tenant. Commissioner Paulson
inquired if the building could be used in a different way, such as for a senior
center or other functions besides office space. He added he had some concerns
regarding the right for refusal and the proposed satellite dish. The EDA
Director stated if the EDA would like, this item could be placed on hold until
the January 2, 1991, meeting. Commissioner Pedlar inquired what this building
is costing the EDA right now. The EDA Director stated it is currently costing
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the EDA nothing, but it is not making any money either.
There was a motion by Commissioner Paulson and seconded by Commissioner Pedlar
to table any action on the tenant improvements to the D barn. The motion passed
with Commissioner Cohen opposed.
TERMINATING THE CONTRACT WITH EBF MANAGEMENT
The EDA Director stated because of the proposed bond issue and the IRS
regulations pertaining to taxable and nontaxable bonds and uses, it is necessary
to terminate the contract with EBF Management. He noted by terminating this
contract it will save the EDA approximately 2 or $100,000 to $200,000 a year.
RESOLUTION NO. 90 -17
Commissioner Cohen introduced the following resolution and moved its adoption:
RESOLUTION TERMINATING MANAGEMENT CONTRACT FOR EARLE BROWN FARM
The motion for the adoption of the foregoing resolution was duly seconded by
Commissioner Todd Paulson, and the motion passed unanimously.
ADJOURNMENT
There was a motion by Commissioner Pedlar and seconded by Commissioner Scott to
adjourn the meeting. The motion passed unanimously. The Brooklyn Center
Economic Development Authority adjourned at 10:17 p.m.
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President
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