HomeMy WebLinkAbout2000 12-21 EDAM Special 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
SPECIAL SESSION
DECEMBER 21, 2000
CITY HALL
1. CALL TO ORDER
The Brooklyn Center Economic Development Authority (EDA) met in special session and was
called to order by President Myrna Kragness at 7:03 p.m.
2. ROLL CALL
President Myrna Kragness, Commissioners Debra Hilstrom, Kay Lasman, and Robert Peppe.
Commissioner Ed Nelson was absent and excused. Also present: City Manager Michael J.
McCauley, Assistant City Manager Jane Chambers, and Deputy City Clerk Maria Rosenbaum.
3. RESOLUTION APPROVING AMENDED AND RESTATED
DEVELOPMENT AGREEMENT WITH TALISMAN, LLC
Executive Director Michael McCauley discussed that the EDA needs to approve the amended and
restated development agreement with Talisman, LLC. The City Council approved a similar
resolution with an additional amendment to the language in 6.1(g) which would read the following:
"The development property is at least 75 percent leased to eligible tenants at the time
of issuance of the note and the adjacent property shall be occupied with operating
department stores by Dayton's, Penny's, Sears, Kohls, and Mervyn's at the time of
issuance of the note;.
RESOLUTION NO. 2000-27
Councilmember Lasman introduced the following resolution with a revision of 6.1 (g) to read as
follows and moved its adoption:
6.1 (g) "The development property is at least 75 percent leased to eligible tenants at the time
of issuance of the note and the adjacent property shall be occupied with operating
department stores by Dayton's, Penny's, Sears, Kohls, and Mervyn's at the time of
issuance of the note;
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RESOLUTION APPROVING AMENDED AND RESTATED DEVELOPMENT AGREEMENT
WITH TALISMAN, LLC
The motion for the adoption of the foregoing resolution was duly seconded by Councilmember
Peppe. Motion passed unanimously.
5. ADJOURNMENT
A motion by Commissioner Hilstrom, seconded by Commissioner Peppe to adjourn the meeting at
7:04 p.m. Motion passed unanimously.
President
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