HomeMy WebLinkAbout1992 01-27 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 12:36 a.m.
ROLL CALL
President Todd Paulson, Commissioners Celia Scott, Jerry Pedlar, Dave Rosene, and Philip
Cohen. Also present were City Manager Gerald Splinter, EDA Coordinator Brad Hoffman,
City Attorney Charlie LeFevere, Director of Public Works Sy Knapp, and Council Secretary
Peggy McNabb.
APPROVAL OF MINUTES
SPECIAL SESSION
JANUARY 27, 1992
CITY HALL
JANUARY 13, 1992 SPECIAL SESSION
There was a motion by Commissioner Scott and seconded by Commissioner Rosene to
approve the minutes of the January 13, 1992, EDA meeting as submitted. The motion
passed unanimously.
DISCUSSION ITEM
TENANT IMPROVEMENTS AND LEASE EXTENSION FOR D -BARN
The City Manager presented a request from the president of Bell Mortgage for some
construction /improvements to their leased office space in the D -Barn in order to resolve a
problem of noise moving between offices because of the open ceiling construction.
The EDA Coordinator reviewed the request and recommended the EDA absorb the entire
expense of the project which is estimated to be $8,600. In return, the leasee has agreed to
a one year extension on their current five year lease. The sixth year will be at the same rate
as the fifth year, making the value of the lease with adjustments over $60,000. The $8,600
expenditure will give the EDA the equivalent of an annual rate of return of approximately
48 The EDA Coordinator provided a resolution establishing the improvement project,
and requested authorization to execute the lease extension with the current tenant.
1/27/92 1
RESOLUTIONS
Recorded and transcribed by:
Peggy McNabb
Northern Counties Secretarial Service
1/27/92 2
RESOLUTION NO. 92 -05
Commissioner Pedlar introduced the following resolution and moved its adoption:
RESOLUTION ESTABLISHING A PROJECT IN THE EARLE BROWN T.I.F.
DISTRICT FUND FOR TENANT IMPROVEMENTS AT THE EARLE BROWN
HERITAGE CENTER
The motion for the adoption of the foregoing resolution was duly seconded by
Commissioner Rosene. The motion passed unanimously.
RESOLUTION NO. 92 -06
Commissioner Rosene introduced the following resolution and moved its adoption:
RESOLUTION APPROVING ONE (1) BROOKLYN CENTER ECONOMIC
DEVELOPMENT AUTHORITY GRANT (FILE NO. H98)
The motion for the adoption of the foregoing resolution was duly seconded by
Commissioner Cohen. The motion passed unanimously.
Commissioner Rosene requested information on income guidelines /restrictions governing the
Brooklyn Center Economic Development Authority Grant Program. In response, the EDA
Coordinator indicated the income requirements are on a sliding scale based on family size.
The City Manager will provide Commissioner Rosene with the exact dollar figures.
ADJOURNMENT
There was a motion by Commissioner Rosene and seconded by Commissioner Pedlar to
adjourn the meeting. The motion passed unanimously. The Brooklyn Center Economic
Development Authority adjourned at 12:47 a.m.
Todd Pa on, President