HomeMy WebLinkAbout2006 10-23 EDAM Regular Session1. CALL TO ORDER
The Brooklyn Center Economic Development Authority (EDA) met in Regular Session and was
called to order at 9:52 p.m. by President Myrna Kragness.
2. ROLL CALL
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
OCTOBER 23, 2006
CITY HALL COUNCIL CHAMBERS
President Myrna Kragness and Commissioners Kathleen Carmody, Kay Lasman, Diane Niesen,
and Mary O'Connor. Also present were City Manager Curt Boganey, Director of Fiscal and
Support Services Dan Jordet, Community Development Director Brad Hoffman, Planning and
Zoning Specialist Ron Warren, City Attorney Mary Tietjen, and Deputy City Clerk Camille
Worley.
3. APPROVAL OF AGENDA AND CONSENT AGENDA
Commissioner Lasman moved and Commissioner Carmody seconded to approve the agenda and
consent agenda, and the following item was approved:
3a. APPROVAL OF MINUTES
1. September 11, 2006 Regular Session
Motion passed unanimously.
4. COMMISSION CONSIDERATION ITEMS
4a. RESOLUTION NO. 2006 -12 DELETING PROPERTY FROM TAX INCREMENT
FINANCING DISTRICT NO. 2 AND APPROVING AND AUTHORIZING
EXECUTION OF A DEVELOPMENT AGREEMENT.
Executive Director Curt Boganey stated the purpose of the public hearing.
Commissioner Lasman moved and Commissioner Carmody seconded to open the Public Hearing
Motion passed unanimously.
Commissioner Lasman moved and Commissioner Carmody seconded to close the Public
Hearing
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Motion passed unanimously.
Mr. Boganey explained the purpose of the resolution with respect to property tax abatement and
the agreement. He discussed the purpose of the agreement to allow for tax abatement for a period
of 10 years or a maximum of $2.6 million, whichever occurs first. He stated the developer's
agreement allows for the construction of two hotels.
There was discussion on the timing of tax payment and dates associated with the construction
and completion of construction along with commencement of the abatement.
Community Development Director Brad Hoffman stated hotel construction is scheduled to
commence this spring with Phase I to be completed by 2008.
Commissioner Carmody moved and Commissioner Lasman seconded to adopt RESOLUTION
NO. 2006 -12 Deleting Property from Tax Increment Financing District No. 2 and Approving and
Authorizing Execution of a Development Agreement.
Commissioner O'Connor voted against the same. Motion passed.
4b. RESOLUTION NO. 2006 -13 PROVIDING FOR THE DISPOSITION OF
SURPLUS PROPERTY
Mr. Boganey explained the purpose of the resolution.
Commissioner Lasman moved and Commissioner Carmody seconded to adopt RESOLUTION
NO. 2006 -13 Providing for the Disposition of Surplus Property.
Motion passed unanimously.
5. ADJOURNMENT
Commissioner Carmody moved and Commissioner Lasman seconded adjournment of the
meeting at 10:26 p.m.
Motion passed unanimously.
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