HomeMy WebLinkAbout1995 07-05 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
JULY 5, 1995
CITY HALL
CALL TO ORDER
The Brooklyn Center Economic Development Authority (EDA) met in regular session and was
called to order by President Myrna Kragness at 6:06 p.m.
ROLL CALL
President Myrna Kragness, Commissioners Barb Kalligher, Kristen Mann, Debra Hilstrom, and
Kathleen Carmody. Also present were Interim City Manager Cam Andre, and Council Secretary
Barbara Collman.
COMMISSION CONSIDERATION ITEM
MINNESOTA CITY PARTICIPATION PROGRAM
President Kragness introduced the action for consideration.
Commissioner Mann noted one down side is the deposit of one percent of the allocation of EDA
funds. She asked whether it is known how many applicants might use the program.
President Kragness noted it is a one -time only commitment. Commissioner Mann agreed.
The Interim City Manager indicated the allocation is based upon population, so whatever amount
is not used goes into the "pot."
Commissioner Mann asked whether the City could award as many loans as there is funding for.
The Interim City Manager said it could.
RESOLUTION NO. 95 -19
Commissioner Barb Kalligher introduced the following resolution and moved its adoption:
RESOLUTION AUTHORIZING EXECUTION OF PROGRAM APPLICATION
COMMITMENT AGREEMENT FOR THE 1995 MINNESOTA HOUSING FINANCE
AGENCY'S MINNESOTA CITY PARTICIPATION PROGRAM
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The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Kathleen Carmody, and the motion passed unanimously.
ADJOURNMENT
There was a motion by Commissioner Kalligher and seconded by Commissioner Mann to
adjourn the meeting. The motion passed unanimously. The Brooklyn Center Economic
Development Authority adjourned at 6:08 p.m.
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Recorded and transcribed by:
Barbara Collman
TimeSaver Off Site Secretarial
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