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HomeMy WebLinkAbout1991 12-16 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 SPECIAL SESSION DECEMBER 16, 1991 CITY HALL CALL TO ORDER The Brooklyn Center Economic Development Authority met in special session and was called to order by President Todd Paulson at 11:10 p.m. ROLL CALL President Todd Paulson, Commissioners Celia Scott, Jerry Pedlar, Dave Rosene, and Philip Cohen. Also present were City Manager Gerald Splinter, Assistant EDA Coordinator Tom Bublitz, City Attorney Charlie LeFevere, Director of Public Works Sy Knapp, Director of Planning and Inspection Ron Warren, Finance Director Paul Holmlund, and Council Secretary Peggy McNabb. APPROVAL OF MINUTES NOVEMBER 25, 1991 EDA SPECIAL SESSION There was a motion by Commissioner Scott and seconded by Commissioner Cohen approving the minutes of the November 25, 1991, EDA Special Session as submitted. The motion passed unanimously. NOVEMBER 25, 1991 HRA SPECIAL SESSION There was a motion by Commissioner Cohen and seconded by Commissioner Scott approving the minutes of the November 25, 1991, HRA Special Session as submitted. The motion passed unanimously. DECEMBER 2, 1991 EDA SPECIAL SESSION There was a motion by Commissioner Cohen and seconded by Commissioner Scott approving the minutes of the December 2, 1991, EDA Special Session as submitted. The motion passed; Commissioner Pedlar abstained. 12/16/91 1 PUBLIC HEARING The City Manager presented a purchase agreement for property owned by the Economic Development Authority at 5538 Colfax Avenue North. The public hearing covering the sale of the property was continued from October 21, 1991, to December 16, 1991, in order to allow staff time to resolve certain issues regarding the structuring of the purchase agreement for the property in order to meet the needs of the purchaser and requirements of the Department of Housing and Urban Development. Such a purchase agreement has now been secured, and the City Manager recommended the continuation of the October 21, 1991, public hearing be closed. President Paulson opened the meeting for a continuation of the October 21, 1991, public hearing regarding the sale of land by the Economic Development Authority for the City of Brooklyn Center at 11 :13 p.m. He inquired if there was anyone present who wished to address the Authority. No one appeared to speak and he entertained a motion to close the public hearing. There was a motion by Commissioner Pedlar and seconded by Commissioner Cohen closing the public hearing at 11:13 p.m. The motion passed unanimously. There was a motion by Commissioner Pedlar and seconded by Commissioner Scott approving the terms of the purchase agreement and contract for deed for sale of the EDA owned property at 5538 Colfax Avenue North. The motion passed unanimously. RESOLUTIONS RESOLUTION ESTABLISHING ENDOWMENT ACCOUNT AND AUTHORIZING CERTAIN HOUSING ACTIVITIES AND PROGRAMS TO BE UNDERTAKEN BY THE ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF BROOKLYN CENTER, MINNESOTA The City Manager presented a Resolution Establishing Endowment Account and Authorizing Certain Housing Activities and Programs to be Undertaken by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota, which provides for the creation of an endowment account whereby $1,000,000 will be transferred from a City Special Assessment Debt Service account to the EDA. The interest earnings from the $1,000,000 will be used for housing activities and programs specified in the resolution. 12/16/91 2 1 1 1 1 RESOLUTION NO. 91 -33 Commissioner Scott introduced the following resolution and moved its adoption: RESOLUTION ESTABLISHING ENDOWMENT ACCOUNT AND AUTHORIZING CERTAIN HOUSING ACTIVITIES AND PROGRAMS TO BE UNDERTAKEN BY THE ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF BROOKLYN CENTER, MINNESOTA The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Rosene. The motion passed unanimously. The City Manager presented a Resolution Approving One (1) Brooklyn Center Economic Development Authority Grant (File No. H96) for approval. RESOLUTION NO. 91 -34 Commissioner Cohen introduced the following resolution and moved its adoption: RESOLUTION APPROVING ONE (1) BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY GRANT (FILE NO. H96) The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Scott. The motion passed unanimously. ADJOURNMENT There was a motion by Commissioner Pedlar and seconded by Commissioner Rosene to adjourn the meeting. The motion passed unanimously. The Brooklyn Center Economic Development Authority adjourned at 11:15 p.m. Recorded and transcribed by: Peggy McNabb Northern Counties Secretarial Service 12/16/91 Todd Paulson, President