HomeMy WebLinkAbout1997 06-23 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
JUNE 23, 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 9:43 p.m.
ROLL CALL
President Myrna Kragness, Commission members Kathleen Carmody, Debra Hilstrom, Kay
Lasman,. and Robert Peppe. Also present: Executive Director Michael J. McCauley,
Community Development Specialist Tom Bublitz, Public Services Director Diane Spector, City
Attorney Charlie LeFevere, and Council Secretary LeAnn Larson.
APPROVAL OF AGENDA AND CONSENT AGENDA
A motion by Commission member Carmody and seconded by Commission member Hilstrom
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 Hilstrom
to approve the minutes of the May 27, 1997 Regular Session and June 9, 1997 Regular
Session as printed passed unanimously.
COMMISSION CONSIDERATION ITEMS
RESOLUTION ACCEPTING QUOTATIONS AND AWARDING CONTRACT FOR
RESIDENTIAL STRUCTURE REMOVAL FOR 53RD AVENUE DEVEI_.OPMENT AND
LINKAGE PROJECT
RESOLUTION NO. 97 -19
Member Lasman introduced the following resolution and moved its adoption:
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RESOLUTION ACCEPTING QUOTATIONS AND AWARDING CONTRACT FOR
RESIDENTIAL STRUCTURE REMOVAL FOR 53RD AVENUE DEVELOPMENT AND
LINKAGE PROJECT
The motion for the adoption of the foregoing resolution was duly seconded by member
Carmody and passed unanimously.
OPTIONS FOR EDA HOUSING REHABILITATION DEFERRED LOAN PROGRAM,
Executive Director McCauley briefly described four options available for revising the home
rehabilitation program. The options are: 1) Use CDBG funds to "buy down" the interest rates
on MHFA Fix Up Fund loans; 2) Keep the CDBG home rehab program in place, but use the
funds to target certain neighborhoods; 3) Refer persons with rehabilitation needs to existing
MHFA programs, but keep a limited amount of CDBG funds available for emergencies; and,
4) Eliminate the program completely and refer persons to existing loan programs, including
MHFA loans.
Commission consensus was in support of using the option of "buying down" the interest rates
as it benefitted the greatest number of people.
A motion by Commission member Carmody and seconded by Commission member Peppe to
pursue option #1- -the "buy down" of interest rates passed unanimously.
ADJOURNMENT
A motion by Commission member Carmody and seconded by Commission member Hilstrom
to adjourn the meeting at 10:00 p.m. passed unanimously.
President
Recorded and transcribed by:
LeAnn Larson
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