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HomeMy WebLinkAbout2003 12-08 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 DECEMBER 8, 2003 CITY HALL CITY COUNCIL 1. CALL TO ORDER The Brooklyn Center Economic Development Authority (EDA) met in Regular Session and was called to order at 7:03 p.m. by President Myrna Kragness. 2. ROLL CALL President Myrna Kragness, Commissioners Kay Lasman, Diane Niesen, and Bob Peppe. Commissioner Kathleen Carmody was absent and excused. Also present: Executive Director Michael McCauley, Public Works Director /City Engineer Todd Blomstrom, 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 November 10, 2003, regular session minutes. Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION APPROVING THE FINAL BUDGET FOR THE CITY OF BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY Executive Director Michael McCauley discussed that this resolution would approve the final budget for the EDA and incorporates the required transfers from the Housing and Redevelopment Authority (HRA). RESOLUTION NO. 2003 -12 Commissioner Lasman introduced the following resolution and moved its adoption: 12/08/03 -1- RESOLUTION APPROVING THE FINAL BUDGET FOR THE CITY OF BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Niesen. Motion passed unanimously. 4b. RESOLUTION AMENDING TAX INCREMENT PLEDGE AGREEMENT Mr. McCauley discussed in connection with the bond sales on the City Council agenda, this resolution would amend the Tax Increment Pledge Agreement. RESOLUTION NO. 2003 -13 Commissioner Lasman introduced the following resolution and moved its adoption: RESOLUTION AMENDING TAX INCREMENT PLEDGE AGREEMENT The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Peppe. Motion passed unanimously. 4c. RESOLUTION APPROVING A PRELIMINARY DEVELOPMENT AGREEMENT FOR 7000 BROOKLYN BOULEVARD WITH ANDERSON BUILDERS Mr. McCauley discussed that this resolution would approve a preliminary development agreement for the EDA owned property at 7000 Brooklyn Boulevard with Anderson Builders. Under the agreement Anderson Builders will have 180 days to enter into a development agreement with the EDA and negotiate terms and conditions of a project to the EDA. This agreement does not commit the EDA to any project; it only allows Anderson Builders to develop a project for review by the EDA within the 180 -day period. The agreement would expire on June 7, 2004. RESOLUTION NO. 2003 -14 Commissioner Lasman introduced the following resolution and moved its adoption: RESOLUTION APPROVING A PRELIMINARY DEVELOPMENT AGREEMENT FOR 7000 BROOKLYN BOULEVARD WITH ANDERSON BUILDERS The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Peppe. Motion passed unanimously. Commissioner Niesen questioned what would happen if someone else were interested within this 180 -day period. Mr. McCauley informed that staff would notify them that the EDA is negotiating with Anderson Builders. 12/08/03 -2- 5. ADJOURNMENT A motion by Commissioner Lasman, seconded by Commissioner Peppe to adjourn the meeting at 7:10 p.m. Motion passed unanimously. P/Isident U 12/08/03 -3-