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HomeMy WebLinkAbout1996 08-26 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 AUGUST 26, 1996 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 8:05 p.m. ROLL CALL President Myrna Kragness, Commissioners Kathleen Carmody, Debra Hilstrom, Kristen Mann, and Charles F. Nichols, Sr. Also present were City Manager Michael J. McCauley, Director of Public Services Diane Spector, Community Development Specialist Tom Bublitz, City Attorney Charlie LeFevere, and Council Secretary Connie Beckman. APPROVAL OF AGENDA AND CONSENT AGENDA A motion by Commissioner Hilstrom and seconded by Commissioner Carmody to approve the August 26, 1996, agenda and consent agenda as printed passed unanimously. APPROVAL OF MINUTES A motion by Commissioner Hilstrom and seconded by Commissioner Carmody to approve minutes of the August 12, 1996 Regular Session as printed passed unanimously. COMMISSION CONSIDERATION ITEMS RESOLUTION AUTHORIZING ACOUISITION OF CERTAIN REAL PROPERTY WITHIN THE CITY OF BROOKLYN CENTER LOCATED AT 714 -53RD AVENUE NORTH AND AUTHORIZING EXECUTIVE DIRECTOR TO NEGOTIATE A PURCHASE AGREEMENT FOR ACOUISITION OF THE PROPERTY The City Manager explained acquisition of said property includes a two block area. The amount of money being resolved for payment to the owner of the single family property located at 714 -53rd Avenue is $62,000 (fair market value) plus $5,000 to cover any potential relocation benefits to which they may be entitled if a CDBG project is established in their area. The owners of the home have agreed with the amount being offered. Commissioner Hilstrom inquired the asking price of the home when it was listed with a Realtor. The City Manager responded almost $80,000. 08/26/96 1 I RESOLUTION NO. 96 -21 Commissioner Kathleen Carmody introduced the following resolution and moved its adoption: RESOLUTION AUTHORIZING ACQUISITION OF CERTAIN REAL PROPERTY WITHIN THE CITY OF BROOKLYN CENTER LOCATED AT 714 -53RD AVENUE NORTH AND AUTHORIZING EXECUTIVE DIRECTOR TO NEGOTIATE A PURCHASE AGREEMENT FOR ACQUISITION OF THE PROPERTY The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Charles Nichols and passed unanimously. ADJOURNMENT A motion by Commissioner Carmody and seconded by Commissioner Mann to adjourn the meeting at 8:11 p.m. passed unanimously. Presignt Recorded and transcribed by: Connie Beckman Timesaver Off Site Secretarial 08/26/96 -2-