HomeMy WebLinkAbout1991 12-02 EDAM Special Session1
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
CALL TO ORDER
The Brooklyn Center Economic Development Authority met in special session and was
called to order by President Todd Paulson at 9:23 p.m.
ROLL CALL
President Todd Paulson, Commissioners Celia Scott, Dave Rosene, and Philip Cohen. Also
present were City Manager Gerald Splinter, City Attorney Charlie LeFevere, Director of
Planning and Inspection Ron Warren, and Council Secretary Peggy McNabb.
Commissioner Jerry Pedlar was absent.
APPROVAL OF MINUTES
RESOLUTIONS
SPECIAL SESSION
DECEMBER 2, 1991
CITY HALL
NOVEMBER 4, 1991 SPECIAL SESSION
There was a motion by Commissioner Cohen and seconded by Commissioner Scott to
approve the minutes of the November 4, 1991, EDA meeting. The motion passed
unanimously.
RESOLUTION AMENDING THE 1991 ECONOMIC DEVELOPMENT AUTHORITY
BUDGET FOR THE DEBT SERVICE TRANSFER OF THE EARLE BROWN FARM
TAX INCREMENT FINANCING DISTRICT FUND
The City Manager presented a Resolution Amending the 1991 Economic Development
Authority Budget for the Debt Service Transfer of the Earle Brown Farm Tax Increment
Financing District Fund.
In response to Commissioner Rosene's request for clarification of the amendment and where
the funds are transferred from, the City Manager indicated the $400,000 originally budgeted
in 1991 represents the 1991 payment of principal and interest; however, the year -end transfer
from the tax increment fund needs to include the 1991 interest payment plus funds equal
to the 1992 principal and interest payments.
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RESOLUTION NO. 91 -31
Commissioner Rosene introduced the following resolution and moved its adoption:
RESOLUTION AMENDING THE 1991 ECONOMIC DEVELOPMENT AUTHORITY
BUDGET FOR THE DEBT SERVICE TRANSFER OF THE EARLE BROWN FARM
TAX INCREMENT FINANCING DISTRICT FUND
The motion for the adoption of the foregoing resolution was duly seconded by
Commissioner Scott, and the motion passed unanimously.
RESOLUTION APPROVING ONE (1) BROOKLYN CENTER ECONOMIC
DEVELOPMENT AUTHORITY GRANT (FILE NO. H95)
The City Manager presented a resolution approving one application for a rehabilitation
grant in a maximum amount of $10,000 (File No. H95).
RESOLUTION NO. 91 -32
Commissioner Scott introduced the following resolution and moved its adoption:
RESOLUTION APPROVING ONE (1) BROOKLYN CENTER ECONOMIC
DEVELOPMENT AUTHORITY GRANT (FILE NO. H95)
The motion for the adoption of the foregoing resolution was duly seconded by
Commissioner Rosene, and the motion passed unanimously.
ADJOURNMENT
There was a motion by Commissioner Rosene and seconded by President Paulson to adjourn
the meeting. The motion passed unanimously. The Brooklyn Center Economic
Development Authority adjourned at 9:27 p.m.
Recorded and transcribed by:
Peggy McNabb
Northern Counties Secretarial Service
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Todd Paulson, resident