HomeMy WebLinkAbout2001 03-12 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
MARCH 12, 2001
CITY HALL
1. CALL TO ORDER
The Brooklyn Center Economic Development Authority (EDA) met in regular session and was
called to order by President Myrna Kragness at 7:56 p.m.
2. ROLL CALL
President Myrna Kragness, Commissioners Kay Lasman and Ed Nelson. Commissioner Bob Peppe
was absent and excused. Also present: Executive Director Michael J. McCauley, Assistant City
Manager Jane Chambers, Public Works Director Diane Spector, City Attorney Charlie LeFevere, and
Deputy City Clerk Maria Rosenbaum.
3. APPROVAL OF AGENDA AND CONSENT AGENDA
A motion by Commissioner Nelson, seconded by Commissioner Lasman to approve the agenda and
consent agenda. Motion passed unanimously.
3a. APPROVAL OF MINUTES
A motion by Commissioner Nelson, seconded by Commissioner Lasman to approve the February 26,
2001, regular session. Motion passed unanimously.
4. COMMISSION CONSIDERATION ITEMS
4a. RESOLUTION APPROVING AMENDED AND RESTATED
DEVELOPMENT AGREEMENT AND ASSIGNMENT OF THE SAME
-THIS ITEM WAS TABLED AT THE JANUARY 22, 2001, MEETING.
Executive Director Michael McCauley discussed that the City Council previously discussed this
issue at its study session and that the Council requested amending the language in section 6.1 (g) of
the restated development agreement to read:
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At the time of issuance of the Note, the Development Property is at least 75 percent leased to
Eligible Tenants and the Adjacent Property is occupied with Dayton's (Marshall Fields), Penny's,
Sears, Kohls, and Mervyn's department stores operated by Dayton's, Penny's, Sears, Kohls, and
Mervyn's, or another nationally recognized retailer acceptable to the Authority;.
Mr. McCauley further discussed the development agreement and the changes incorporated.
RESOLUTION NO. 2001-06
Commissioner Nelson introduced the following resolution and moved its adoption:
RESOLUTION APPROVING AMENDED AND RESTATED DEVELOPMENT AGREEMENT
AND ASSIGNMENT OF THE SAME
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Lasman. Motion passed unanimously.
Councilmember Nelson requested that a report be provided to the Commission at the next meeting
regarding the status of the development agreement.
5. ADJOURNMENT
A motion by Commissioner Lasman, seconded by Commissioner Nelson to adjourn the meeting at
8:03 p.m. Motion passed unanimously.
0 Presid t
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