HomeMy WebLinkAbout1992 10-26 EDAM Special Session MINUTES OF THE PROCEEDINGS OF THE ECONOMIC
DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN
CENTER IN THE COUNTY OF HENNEPIN AND STATE
OF MINNESOTA
SPECIAL SESSION
OCTOBER 26, 1992
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 11:30 p.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, Assistant EDA Coordinator Tom Bublitz, City Attorney Charlie LeFevere and
Council Secretary Nancy Berg.
APPROVAL OF MINUTES
OCTOBER 13. 1992 SPECIAL SESSION
There was a motion by Commissioner Scott and seconded by Commissioner Rosene to
approve the minutes of the October 13, 1992, EDA meeting. The motion passed
unanimously.
DISCUSSION ITEMS
APARTMENTS LOCATED AT 6525. 6527 AND 6529 WILLOW LANE
The City Manager presented the acquisition of Irwin Ketroser's apartment buildings on
Willow Lane as a discussion item.
The EDA Coordinator informed Council last week Mr. Ketroser asked if the EDA
would consider staff's original offer of $335,000. The EDA Coordinator encouraged
Council to consider acquiring this property at this price.
Commissioner Scott asked the EDA Coordinator to verify the occupancy rate which was
listed as 90 percent. The EDA Coordinator answered this was a typo, and he believed
the occupancy rate to be 50 to 60 percent.
Commissioner Scott asked how large the relocation figure would be. The EDA
Coordinator answered he would recommend trying to operate the building for a period
of time to try to achieve a lower occupancy rate.
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Commissioner Pedlar asked the EDA Coordinator if the relocation costs would be $6,000
per unit. The EDA Coordinator answered yes, the City would be required to pay each
tenant 42 months rent plus relocation expenses. The EDA Coordinator also stated the
City will be collecting rents which would help offset the cost of relocation.
There was a motion by Commissioner Pedlar and seconded by Commissioner Scott to
acquire the apartments located at 6525, 6527 and 6529 Willow Lane for $335,000. The
motion passed unanimously.
Commissioner Cohen asked if a management firm would be hired to handle these
buildings. The EDA Coordinator answered, yes, staff will look into it.
RESOLUTION
The City Manager presented a Resolution Amending Economic Development Authority
Resolution Nos. 92 -03 and 92 -22 and to Enter into an A.C.H. Agreement with First of
Omaha for Credit Card Sales at the Earle Brown Heritage Center.
RESOLUTION NO. 92 -38
Commissioner Cohen introduced the following resolution and moved its adoption:
RESOLUTION AMENDING ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO.S 92 -03 AND 92 -22 AND TO ENTER INTO AN A.C.H.
AGREEMENT WITH FIRST OF OMAHA FOR CREDIT CARD SALES AT THE
EARLE BROWN HERITAGE CENTER
The motion for the adoption of the foregoing resolution was duly seconded by
Commissioner Pedlar, and the motion passed unanimously.
ADJOURNMENT
There was a motion by Commissioner Rosene and seconded by Commissioner Scott to
adjourn the meeting. The motion passed unanimously. The Brooklyn Center Economic
Development Authority adjourned at 11:45 p.m.
Todd Paulsonn President
Recorded and transcribed by:
Nancy Berg
Northern Counties Secretarial Services
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