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HomeMy WebLinkAbout2008 05-27 EDAP EDA MEETING City of Brooklyn Center May 27, 2008 AGENDA 1. Call to Order —T'he EDA requests that attendees turn off cell phones and pagers during the meeting. A copy of the full City Council packet, including EDA (Economic Development Authority), is available to the public. The packet ring binder is located at the front of the Council Chambers by the Secretary. 2. Roll Call 3. Approval of Agenda and Consent Agenda —The following items are considered to be routine by the Economic Development Authority (EDA) and will be enacted by one motion. There will be no separate discussion of these items unless a Commissioner so requests, in which event the item will be zemoved from the consent agenda and considered at the end of Commission Consideration Ttems. a. Approval of Minutes l. Maxch 24, 2008 Regular Session 2. Apri128, 2008 Regular Session 4. Commission Consideration Items a. Resolution Accepting Bid and Awarding a Contract, Earle Brown Heritage Center Histaric Water Tank Restoration •Requested Commission Action: —Motion to adopt resolution. 5. Adjournment Adjournment to Closed Executive Session Attorney Client Privilege Item I I I EDA Agenda Item No. 3a r MINUTES OF THE PROCEEDiNGS OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER 1N THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA REGULAR SESSION MARCH 24, 2008 CITY HALL COUNCIL CHAMBERS 1. CALL TO ORDER The Brooklyn Center Economic Development Authority (EDA) met in Regular Session called to order by President Tim Willson at 9:28 p.m. 2. ROLL CALL President Tim Willson and Commissioners Kay Lasman, Mary O'Connor, Dan Ryan, and Mark Yelich. Also present were Executive Director Curt Boganey, Community Development Directar Gary Eitel, Chief of Police Scott Bechtold, City Attorney Chaxlie LeFevere, and Carol Hamer, TimeSaver Secretarial, Inc. 3. APPROVAL OF AGENDA AND CONSENT AGENDA Commissioner Lasman moved and Commissioner Ryan seconded approval of the Agenda and Consent Agenda, and the following item was approved: 3a. APPROVAL OF MINUTES 1. March 10, 2008 Regular Session Commissioner O'Connor abstained due to her absence. Motion passed. 4. COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION NO. 2008-OS APPROVING THE MODIFICATION OF THE TAX INCREIVIENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3 Mr. Eitel introduced the item, provided background, and stated the purpose of the proposed resolution. There was discussion on adding the acquisition of single family housing, rehabilitation of single family housing, and environmental remediation of single and multi-family housing properties to Tax Increment Financing (TIF) Plan No. 3. It was noted that specific programs coming forward would make a distinction between single family rental property and owner occupied property. There was discussion on the possibility of utilizing TIF funds to preserve properties that become vacant due to foreclosure through a program that encourages single family ownership. This could be done throu h an enti such as Greater Metro olitan Housin Co oration GMHC). P g IP g �3' 03/24/08 -1- DRAFT Commissioner Lasman moved and Commissioner Ryan seconded adoption of EDA RESOLUTION NO. 2008-OS Approving the Modification of the Tax Increment Financing Plan for Tax Increment Financing District No. 3. Commissioner O'Connor voted against the same. III Motion assed. P 5. ADJOURNMENT Commissioner Lasman moved and Commissioner Ryan seconded adjournment of the Economic Development Authority meeting at 9:41 p.m. Motion passed unanimously. 03/24/08 -2- DRAFT MINUTES OF THE PROCEEDINGS OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER 1N THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA REGULAR SESSION APRIL 28, 2008 CITY HALL COUNCIL CHAMBERS 1. CALL TO ORDER The Brooklyn Center Economic Development Authority {EDA) met in Regular Session called to order by President Tim Willson at 7:40 p.m. 2. ROLL CALL President Tim Willson and Commissioners Kay Lasman, Mary O'Connor, Dan Ryan, and Mark Yelich. Also present were Executive Director Curt Boganey, Director of Fiscal Support Services Dan Jordet, Community Development Directar Gary Eitel, Assistant to the City Manager Vickie Schleuning, IT Director Patty Hartwig, Police Chief Scott Bechtold, City Attorney Charlie LeFevere, arid Carol Hamer, TimeSaver Off Site Secretarial, Inc. 3. APPROVAL OF AGENDA AND CONSENT AGENDA 3a. APPROVAL OF MINUTES 1. March 24, 2008 Regular Session Commissioner Lasman moved and Commissioner Ryan seconded approval of the Agenda and Consent Agenda, as amended. Commissioner O' Connor requested verification on the requested amendment to the minutes. Ms. Hamer indicated the backup documents of the March 24, 2008, EDA Regular Session minutes can be reviewed to verify the requested amendment prior to the next EDA meeting. The motion on the floor was withdrawn. Commissioner Lasman moved and Commissioner Ryan seconded approval of the Agenda and Consent Agenda, with the Maxch 24, 2008, EDA Regulax Session Minutes pulled from the Consent Agenda and added to the agenda of the next EDA meeting for approval. Motion passed unanimously. 04/28/08 -1- DR.AFT 4. COMMISSION CONSIDERATION ITEMS HORIZING EXECUTION OF TAX 4a. RESOLUTION NO. 2008 06 AUT INCREMENT PLEDGE AGREEMENT Mr. Boganey introduced the item, discussed the history, stated the purpose of the proposed resolution, and answered questions of the EDA regarding the proposed sale of bonds and the tax increment pledge agreement. There was discussion on the following in relation to the proposed sale of bonds: Cost of interest and fees associated with the existing and proposed debt 105% levy included in the debt schedule to allow the maintenance of a reserve to cover the next year's bond payment Process associated with making the bond payments Projections on commercial/industrial valuations in the City Redevelopment efforts in the City Requirement of the EDA to agree to the t� increment pledge in order to proceed with the sale of bonds Ability for early payment/six year period required before the bonds could be paid in full Commissioner Lasman moved and Commissioner Ryan seconded adoption of EDA RESOLUTION NO. 2008-06 Authorizing Execution of Tax Increment Pledge Agreement. Commissioner O'Connor voted against the same. Motion passed. 5. ADJOURNMENT Commissioner Lasman moved and Commissioner Ryan seconded adjournment of the Economic Development Authority meeting at 7:59 p.m. Motion passed unanimously. 04/28/08 -2- DR.AFT EDA Agenda Item No. 4a City of Brooklyn Center A Millennium Community EDA ITEM MEMORANDUM TO: Curt Boganey, City Manager FROM: Jim Glasoe, Director of Community Activities, Recreation and Services DATE: May 22, 2008 SUBJECT: Resolution Accepting Bid and Awarding a Contract, Earle Brown Heritage Center Historic Water Tank Restoration Recommendation: Staff recommends that the Brooklyn Center City Council accept the lowest responsible bid and award a contract to Champion Coatings Inc. for the Earle Brown Heritage Center Historic Water Tank Restoration project based on the bid results provided below. Background: Bids for the EBHC Water Tank Restoration contract were received and opened on May 15, 2008. The bidding results are tabulated as follows: Bidders Bid Amount Corrected Amount Champion Coatings Inc. $136,000.00 TMl Coatings Inc. $136,000.00 Of the two (2) bids received, both were for the same dollar amount. Both are qualified contractors and both met all bid requirements. On Monday, May 19, following the recommendation of the City Attorney, both vendors were called to a public meeting for a coin flip to decide the recommended contractor. Following the coin flip, Champion Coatings Inc. was selected as the recommended contractor for the project. Champion Coatings has the experience, equipment and capacity to qualify as the responsible bidder for the project. Budget Issues: The engineer's estimate for the project is $150,000, which is above the range of the bids received for the project. The lowest bid is approximately 10 percent below the engineer's estimate �or the project. The project will be funded from the EBHC Capital Fund, along with a grant from the Minnesota Historical Society. The $75,000 maximum grant from the Historical Society requires a dollar for dollar match with city funds. The current EBHC Capital Plan has a total of $204,250 allocated for this project. 6301 Shingle Creek Parkway Recreation and Community Center Phone TDD Number Brooklyn Center, MN 55430-2199 (763) 569-3400 City Hall TDD Number (763) 569-3300 FAX (763) 569-3434 FAX (763) 569-3494 www. cityofbrooklyncenter.org i Member introduced the following resolution and moved its adoption: RESOLUTION NO. EPTING BID AND AWARDING A CONTRACT EARLE �RESOLUTION ACC BROWN HERITAGE CENTER HISTORIC WATER TANK RESTORATION WHEREAS, pursuant to an advertisement for bids for the Earle Brown Heritage Center Historic Water Tank Restoration Project, bids were received, opened, ana tabulated by the City Clerk and CARS Director on the 15th day of May, 2008. Said bids were as follows: Bidders Bid Amount Corrected Amount Champion Coatings Inc. $136,000.00 TMI Coatings Inc. $136,000.00 WHEREAS, Champion Coatings Inc. was selected as the recommended bidder on the result of a coin flip, and; WHEREAS, Champion Coatings Inc. has the qualifications to be designated the responsible bidder for the project. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of the City of Brooklyn Center, Minnesota, that: l. The Mayor and EDA Executive Director are hereby authorized to enter into a contract with Champion Coatings Inc. of Savage, Minnesota according to the plans and specifications therefore approved and on file in the office of the CARS Director. 2. The estimated project costs and revenues are as follows: Cost Per Low Bid Contract 136,000.00 Contingency 20,400.00 Admin/Legal/Engr. 30.000.00 Total Estimated Project Cost 186,400.00 Revenues Per Low Bid EBHC Capital Improvements Budget $111,400.00 Minnesota Historical Society Grant 75,000.00 Total Project Revenues 186,400.00 Mav 27, 2008 Date Mayor ATTEST: City Clerk The motion for the adoption of the foregoing resolution was duly seconded by member and upon vote being taken thereon, the following voted in favor thereo£ and the following voted against the same: whereupon said resolution was declared duly passed and adopted.