HomeMy WebLinkAbout2008 11-10 EDAM Regular Session1. CALL TO ORDER
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
NOVEMBER 10, 2008
CITY HALL COUNCIL CHAMBERS
The Brooklyn Center Economic Development Authority (EDA) met in Regular Session called to
order by President Tim Willson at 8:40 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, Community Development Director
Gary Eitel, Community Development Specialist Tom Bublitz, City Attorney Charlie LeFevere,
and Carol Hamer, TimeSaver Off Site Secretarial, Inc.
3. APPROVAL OF AGENDA AND CONSENT AGENDA
Commissioner Lasman moved and Commissioner Yelich seconded approval of the Agenda and
Consent Agenda, and the following item was approved:
3a. APPROVAL OF MINUTES
1. October 13, 2008 Regular Session
Motion passed unanimously.
4. COMMISSION CONSIDERATION ITEMS
4a. RESOLUTION NO. 2008 -11 APPROVING LEASE AGREEMENT WITH
INNOVATIVE PRESENTATIONS INC. FOR THE FOREMAN'S HOUSE,
CARRIAGE HOUSE AND GAZEBO AT THE EARLE BROWN HERITAGE
CENTER, AND AUTHORIZING THE EDA EXECUTIVE DIRECTOR TO
EXECUTE SAID AGREEMENT
Executive Director Curt Boganey introduced the item, discussed the history, and stated the
purpose of the proposed resolution.
Commissioner O'Connor expressed concern that the EDA will not make money on the proposed
lease, as according to the agreement the EDA will pay $75,000 to fix up the property and the
tenant will pay $25,687 each of the three years of the lease.
Commissioner Lasman moved and Commissioner Ryan seconded adoption of EDA
RESOLUTION NO. 2008 -11 Approving Lease Agreement with Innovative Presentations Inc. for
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the Foreman's House, Carriage House and Gazebo at the Earle Brown Heritage Center, and
Authorizing the EDA Executive Director to Execute Said Agreement.
Mr. Boganey answered questions of the EDA regarding the proposed lease agreement. He stated
the landlord will be responsible for utilities and exterior building maintenance, while the tenant
will pay a Common Area Maintenance fee of $3.00 per square foot and property taxes of $2.00
per square foot in addition to the $17.00 per square foot base rent.
It was noted that while there is not an immediate return with the agreement, there will be long-
term benefits. It was also noted that if the City were not to do any improvements to the property,
the space would not be leasable. Mr. Boganey stated if the objective is to get the highest
productive use out of the property, staff believes that being able to lease the is the best alternative
available to the EDA. However, this would require some investment in the property to make it
suitable to this lessee or any lessee. One could argue that an agreement could be negotiated
where the lessee would pay for some renovation costs, but staff does not believe the space has
that type of demand to expect a lessee to come in and make that investment.
Motion passed unanimously.
5. ADJOURNMENT
Commissioner Lasman moved and Commissioner Ryan seconded adjournment of the Economic
Development Authority meeting at 8:51 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 Regular
Session of the Economic Development Authority (EDA) of the City of Brooklyn Center
held on November 10, 2008.
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 December
8, 2008, Regular Session.
ry
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President