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HomeMy WebLinkAbout2003 01-13 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 JANUARY 13, 2003 CITY HALL COUNCIL CHAMBERS 1. CALL TO ORDER The Brooklyn Center Economic Development Authority (EDA) met in regular session and was called to order at 7:41 p.m. by President Myrna Kragness. 2. ROLL CALL President Myrna Kragness, Commissioners Kathleen Carmody, Kay Lasman, Diane Niesen, and Bob Peppe. Also present: Executive Director Michael McCauley, Interim Assistant City Manager/Director of Public Works Sharon Klumpp, City Attorney Charlie LeFevere, and Deputy City Clerk Maria Rosenbaum. 3. APPROVAL OF AGENDA AND CONSENT AGENDA A motion by Commissioner Lasman, seconded by Commissioner Peppe to approve the agenda and consent agenda. Motion passed unanimously. 3a. APPROVAL OF MINUTES A motion by Commissioner Lasman, seconded by Commissioner Peppe to approve the December 9, 2002, regular session minutes. Commissioners Carmody and Niesen abstained. Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION ELECTING OFFICERS FOR THE ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF BROOKLYN CENTER President Kragness discussed that this resolution would elect the following: President/Treasurer: Myrna Kragness Vice- President: Kay Lasman Assistant Treasurer: Douglas Sell Secretary: G. Brad Hoffman 01/13/03 -1- RESOLUTION NO. 2003-01 Commissioner Lasman introduced the following resolution and moved its adoption: RESOLUTION ELECTING OFFICERS FOR THE ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF BROOKLYN CENTER The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Carmody. Motion passed unanimously. 4b. PROPOSED SPECIAL LEGISLATION REGARDING TAX INCREMENT FINANCING DISTRICT NO. 3 AND SMART GROWTH OPPORTUNITY SITE Executive Director Michael McCauley discussed that the City received information regarding the effect of Special Legislation for Tax Increment Financing (TIF) District No. 3; and that an amendment had been added that provides that rental and owner occupied housing activities do not need to meet the income requirements of Section 469.1761 if they are located in the Smart Growth Opportunity Site. The current Legislation allows the City to spend 15 percent of the tax increment revenues from TIF No. 3 on rental or owner occupied housing activities located anywhere in the City if they met certain income requirements. Mr. McCauley asked the Commission if they would be comfortable moving forward with this Special Legislation. Commissioner Niesen discussed that she would like to learn more about TIF and questioned if this would be adopting anything. Mr. McCauley informed that if a motion was made it should be for staff to follow up and contact Legislators; and that the City is not committed to anything at this time. A motion by Commissioner Peppe, seconded by Commissioner Lasman to direct staff to follow up and contact Legislators regarding this Special Legislation. Motion passed unanimously. 5. ADJOURNMENT A motion by Commissioner Niesen, seconded by Commissioner Lasman to adjourn the meeting at 7:51 p.m. Motion passed unanimously. President v 01/13/03 -2-