HomeMy WebLinkAbout1995 07-24 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 24 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 7:51 p.m.
ROLL CALL
President Myrna Kragness, Commissioners Kristen Mann, Debra Hilstrom, and Kathleen
Carmody. Also present were Interim City Manager Cam Andre, Director of Public Services
Diane Spector, Director of Community Development Brad Hoffman, Community Development
Specialist Tom Bublitz, City Attorney Charlie LeFevere, and Council Secretary Barbara
Collman.
Commissioner Barb Kalligher was excused from tonight's meeting.
APPROVAL OF AGENDA AND CONSENT AGENDA
President Kragness inquired if any Commissioner requested any items be removed from the
consent agenda. Commissioner Mann asked for Item 3(b) to be removed.
There was a motion by Commissioner Carmody and seconded by Commissioner Mann to
approve the July 24, 1995, agenda and consent agenda with the removal of Item 3(b). The
motion passed unanimously.
APPROVAL OF MINUTES
JULY 5. 1995 REGULAR SESSION
There was a motion by Commissioner Carmody and seconded by Commissioner Mann to
approve the minutes of the July 5, 1995, EDA meeting as printed. The_ motion passed
unanimously.
JULY 10. 1995 REGULAR SESSION
There was a motion by Commissioner Carmody and seconded by Commissioner Mann to
approve the minutes of the July 10, 1995, EDA meeting as printed. The motion passed
unanimously.
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COMMISSION CONSIDERATION ITEMS
THIRD PARTY AGREEMENT FOR YEAR XXI URBAN HENNEPIN COUNTY
COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM
RESOLUTION NO. 95 -21
Commissioner Kristen Mann introduced the following resolution and moved its adoption:
RESOLUTION AUTHORIZING PRESIDENT AND EXECUTIVE DIRECTOR TO EXECUTE
THIRD PARTY AGREEMENT FOR YEAR XXI URBAN HENNEPIN COUNTY
COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Kathleen Carmody, and the motion passed unanimously.
TAXABLE OR TAX EXEMPT REIMBURSEMENT BONDS FOR THE ACOUISITION OF
CERTAIN PROPERTIES
Commissioner Mann asked for clarification on this item. She stated she had understood EDA
money was to be used, the Tax Increment Financing (TIF) district would receive the money, and
there would be no bonding involved.
The Director ector of Community u ity said that bonding would be necessary. The resolution
involved is a "housekeeping" item. The IRS requires it to be done this way. It keeps the
options open. Also, in order to fund current activities, the EDA will need to issue a TIF bond.
RESOLUTION NO. 95 -22
Commissioner Kristen Mann introduced the following resolution and moved its adoption:
RESOLUTION DECLARING THE INTENT OF THE ECONOMIC DEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF BROOKLYN CENTER TO ISSUE TAXABLE
OR TAX EXEMPT REIMBURSEMENT BONDS FOR THE ACQUISITION OF CERTAIN
PROPERTIES WITHIN TAX INCREMENT DISTRICT #3
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 Carmody and seconded by Commissioner Mann to
adjourn the meeting. The motion passed unanimously. The Brooklyn Center Economic
Development Authority adjourned at 7:54 p.m.
President 0
Recorded and transcribed by:
Barbara Collman
Timesaver Off Site Secretarial
7/24/95 -2-