HomeMy WebLinkAbout2007 12-03 EDAP EDA SPECIAL MEETING
City of Brooklyn Center
December 3, 2007 AGENDA
1. Call to Order (immediately following Initial Truth In Taxation Hearing)
—The EDA requests that attendees turn off cell phones and pagers during the meeting. A
copy of the full EDA packet 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. Consideration of the Terms for the Purchase of Property in the Opportunity Site Area
(The EDA may elect to adjourn to closed Executive Session for deliberation.)
4. Adjournment
City of Brooklyn Center
A Millennium Community
MEMORANDUM
TO: Mayor and City Council
FROM: Curt Boganey, City Manag��
DATE: November 30, 2007
SUBJECT: Property Purchase Opportunity Site Property
Recommendation:
I recommend the EDA adjourn to closed executive session to review an offer to purchase
certain real estate within the Opportunity Site Area.
Background:
In accordance with the City goal of aggressive efforts to implement redevelopment plans
we have been engaged in discussions with the owner of certain strategically located
property within the Opportunity Site Area. By Monday we expect that at the staff level
we will have reached consensus on acceptable terms for a purchase agreement on the
subj ect property.
It is our ex ectation that the terms of this agreement will be presented to you in executive
P
session. If the EDA finds the terms acceptable, the EDA may choose to authorize
execution of the agreement. If the agreement is not acceptable, no further EDA action
will be required.
Budgetary/Fiscal Effect:
If the agreement is approved for execution, TIF funds will be required to complete the
transaction. There sufficient funds available for this purpose.
C: Gary Eitel
Dan Jordet
Vickie Schleuning
eda.mem.1203 07.landpurchase. doc
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