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HomeMy WebLinkAbout1993 03-08 EDAM Regular Session 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 REGULAR SESSION MARCH 8, 1993 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 10:45 p.m. ROLL CALL President Todd Paulson, Commissioners Celia Scott, Dave Rosene, Barb Kalligher, and Kristen Mann. Also present were City Manager Gerald Splinter, Director of Community Development Brad Hoffman, City Attorney Charlie LeFevere, and Council Secretary Nancy Berg. APPROVAL OF MINUTES FEBRUARY 22. 1993 SPECIAL SESSION, There was a motion by Commissioner Scott and seconded by Commissioner Kalligher to approve the minutes of the February 22, 1993, EDA meeting as printed. The motion passed unanimously. RESOLUTIONS The City Manager presented a Resolution Approving One Brooklyn Center Economic Development Authority Grant. RESOLUTION NO. 93 -04 Commissioner Rosene introduced the following resolution and moved its adoption: RESOLUTION APPROVING ONE (1) BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY GRANT (FILE NO. H -110 [80361) The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Scott, and the motion passed unanimously. 3/8/93 1 The City Manager presented a Resolution Repealing Economic Development Authority Resolution No. 91 -07. RESOLUTION NO. 93 -05 Commissioner Rosene introduced the following resolution and moved its adoption: RESOLUTION REPEALING ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 91 -07 The motion for the adoption of the foregoing resolution was duly seconded b P g g Y Y Commissioner Scott, and the motion passed unanimously. The City Manager presented a Resolution Awarding Catering Management Contract to D'Amico Partnership and Authorizing the President and Secretary to Execute a Contract. He explained why the contract takes the form it does. He continued to explain the Farm was financed with bonds which were tax exempt, and in order to maintain the tax exempt status the City must comply with the kind of management contract being presented. The regulations of the IRS provides that the last 50 percent of the compensation under the contract must be fixed, and the remaining 50 percent may be based on the percentage of gross revenue but no part can be based on net revenues. He further explained staff has negotiated a 60 -day cancellation provision which is a real incentive to the provider because of the short cancellation provision. The Director of Community Development explained there was also an insurance issue that the City holds D'Amico harmless and D'Amico holds the City harmless. RESOLUTION NO. 93 -06 Commissioner Rosene introduced the following resolution and moved its adoption: RESOLUTION APPROVING A FOOD SERVICE MANAGEMENT AGREEMENT FOR THE EARLE BROWN HERITAGE CENTER The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Scott, and the motion passed unanimously. The Director of Community Development informed Council staff was close to finalizing the agreement on the two buildings on Humboldt Avenue North; and on Tuesday, March 9, 1993, the City will close on the remaining two properties. 3/8/93 -2- ADJOURNMENT There was a motion by Commissioner Scott and seconded by Commissioner Rosene to adjourn the meeting. The motion passed unanimously. The Brooklyn Center Economic Development Authority adjourned at 10:50 p.m. Todd Paulson, President Recorded and transcribed by: Nancy Berg TimeSaver Off Site Secretarial 3/8/93 -3 I