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HomeMy WebLinkAbout1997 04-28 EDAM Regular Session il 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 APRIL 28, 1997 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 7:00 p.m. ROLL CALL President Myrna Kragness, Commission members Kathleen Carmody, Kay Lasman, and Robert Peppe. Also present: Executive Director Michael J. McCauley, Assistant City Manager Jane Chambers, EDA Secretary Brad Hoffman, City Attorney Charlie LeFevere, and Council Secretary LeAnn Larson. Commission member Hilstrom was absent and excused. APPROVAL OF AGENDA AND CONSENT AGENDA A motion by Commission member Carmody and seconded by Commission member Lasman to approve the agenda and consent agenda as printed passed unanimously. APPROVAL OF MINUTES A motion by Commission member Carmody and seconded by Commission member Lasman to approve the minutes of the March 24,1997 Regular Session as printed passed unanimously. COMMISSION CONSIDERATION ITEMS RESOLUTION ACCEPTING BID AND AWARDING CONTRACT. IMPROVEMENT PROJECT NO. 1997 12.02. CONTRACT 1997 -I. 53RD AVENUE DEVELOPMENT AND LINKAGE PROJECT. RESIDENTIAL DEMOLITION PHASE I City Manager McCauley explained that this resolution would accept the low bid and award the contract to Kevitt Excavating, Inc., for the demolition of five residential structures to provide 4/28/97 -1- for the initial stages of the 53rd Avenue Development and Linkage Project. RESOLUTION NO. 97 -12 Member Peppe introduced the following resolution and moved its adoption: RESOLUTION ACCEPTING BID AND AWARDING CONTRACT, IMPROVEMENT PROJECT NO. 1997-12,02, CONTRACT 1997 -I, 53RD AVENUE DEVELOPMENT AND LINKAGE PROJECT, RESIDENTIAL DEMOLITION PHASE I The motion for the adoption of the foregoing resolution was duly seconded by member Carmody and passed unanimously. RESOLUTION MODIFYING TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3 City Manager McCauley explained that this resolution modifies the budget for TIF District No. 3 Section G of the Plan and was basically a housekeeping item. Because the total amount Y p g budgeted for the estimated project cost does not change, notification to the school districts and County and State is not required. RESOLUTION NO. 97 -13 Member Lasman introduced the following resolution and moved its adoption: RESOLUTION MODIFYING TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3 The motion for the adoption of the foregoing resolution was duly seconded by member Carmody and passed unanimously. RESOLUTION APPROVING MODIFICATIONS NO. 1 AND NO. 2 TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3. AND REOUESTING THE APPROVAL OF THE CITY COUNCIL City Manager McCauley explained that this resolution would consider modifications to TIF District No. 3. The modifications would remove six parcels from the district and reinstate them into the TIF district at current values. The result of the actions would be to reduce the base value of the district to reflect the current market values of the properties in question. RESOLUTION NO. 97 -14 Member Carmody introduced the following resolution and moved its adoption: 4/28/97 -2- RESOLUTION APPROVING MODIFICATIONS NO. 1 AND NO. 2 TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3, AND REQUESTING THE APPROVAL OF THE CITY COUNCIL The motion for the adoption of the foregoing resolution was duly seconded by member Peppe and passed unanimously. EDA HOME REHABILITATION LOAN PROGRAM Councilmember Carmody discussed the use of the Home Rehabilitation Program (Deferred Loan Program). The program has been in existence since 1978 and has rehabilitated over 200 homes in that time. The maximum grant was for $10,000 until 1993, when it increased to $15,000 and the loan deferral was extended from five years to ten years. There was a priority placed on grants for exterior work, if possible, along with the life and safety issues which were afforded the highest priority. Councilmember Carmody explained the compilation of statistical information on the grants for the last ten years. While doing this, she realized that the Council may need to decide if the purpose of this Program was to maintain housing values and the housing stock, or to keep people in their homes and, therefore, be more of a social service program. Councilmember Carmody questioned the viability of this Program and suggested that the $60,000 be rechanneled into the 53rd Avenue Project. Councilmember Peppe also stated that these monies could be better used in a different area. Mayor Kragness stated that this Program has been important to senior citizens and other low income participants. Councilmember Lasman noted that more than one -third of the recently rehabilitated homes had some exterior improvement done. She further stated that though this may be slow progress, the improvements do incite the neighborhood to other improvements and funds should remain available for rehabilitation. Councilmember Peppe stated he believes the City needs to decide what is the purpose of the program and determine if the money should be allocated to other programs. Councilmember Peppe made a motion to table any Council action at this point and to direct staff to pursue other options and report back in six weeks. The motion was seconded by Councilmember Carmody and passed unanimously. 4/28/97 -3- ADJOURNMENT A motion by Commission member Carmody and seconded by Commission member Peppe to adjourn the meeting at 7:15 p.m. passed unanimously. Q President 0 Recorded and transcribed by: LeAnn Larson I I� 4/28/97 -4-