HomeMy WebLinkAbout2007 12-27 EDAM Special Session1
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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
1. CALL TO ORDER
SPECIAL SESSION
DECEMBER 27, 2007
CITY HALL COUNCIL CHAMBERS
The Brooklyn Center Economic Development Authority (EDA) met in Special Session called to
order by President Tim Willson at 6:00 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 /City Manager Curt Boganey, Community
Development Specialist Tom Bublitz, Community Development Director Gary Eitel, and Deputy
City Clerk Camille Worley.
3. COMMISSION CONSIDERATION ITEM
3a. EDA RESOLUTION NO. 2007 -23 APPROVING A THIRD AMENDMENT TO A
DEVELOPMENT AGREEMENT AND CERTAIN LENDER
CONSENTS /SUBORDINATIONS AND AUTHORIZING THE EDA EXECUTIVE
DIRECTOR TO EXECUTE CERTAIN DOCUMENTS
Executive Director /City Manager Curt Boganey introduced the item and stated the purpose for the
proposed resolution.
Community Development Specialist Tom Bublitz discussed the background and details of the
project. He stated the purpose of the amendment is to move towards the closing on the purchase of
the property.
There was discussion on the mechanics of the tax abatement issue.
Commissioner O'Connor referenced the portion of the agreement that requires the hotel to have 30
employees at a minimum of $7.00 per hour and stated the employees should be paid more than the
agreement indicates.
There was discussion on Commissioner O'Connor's concern, and it was the majority consensus of
the City Council to sustain the language presented in the agreement.
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Commissioner Ryan moved and Commissioner Lasman seconded to approve EDA RESOLUTION
NO. 2007 -23 Approving a Third Amendment to a Development Agreement and Certain Lender
Consents /Subordinations and Authorizing the EDA Executive Director to Execute Certain
Documents.
Commissioner O'Connor voted against the same. Motion passed.
4. ADJOURNMENT
Commissioner Lasman moved and Commissioner Ryan seconded adjournment of the Economic
Development Authority Executive Session at 6:54 p.m.
Motion passed unanimously.
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STATE OF MINNESOTA)
COUNTY OF HENNEPIN)
CITY OF BROOKLYN CENTER)
ss. Certification of Minutes
The undersigned, being the duly qualified and appointed Secretary of the Economic
Development Authority (EDA) of the City of Brooklyn Center, Minnesota, certifies:
1. That attached hereto is a full, true, and complete transcript of the minutes of a Special
Session of the Economic Development Authority (EDA) of the City of Brooklyn Center
held on December 27, 2007.
2. That said meeting was held pursuant to due call and notice thereof and was duly held at
Brooklyn Center City Hall.
3. That the Economic Development Authority (EDA) adopted said minutes at its
January 14, 2008, Regular Session.
71 S 6wLlary
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President