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HomeMy WebLinkAbout2007 12-10 EDAP EDA MEETING City of Brooklyn Center December 10, 2007 AGENDA 1. Call to Order —The �DA 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 removed from the consent agenda and considered at the end of Commission Consideration Items. a. Approval of Minutes 1. October 8, 2007 Regular Session 4. Commission Consideration Items a. Resolution Approving the Final Budget for the City of Brooklyn Center Economic Development Authority •Requested Commission Action: —Motion to adopt resolution. b. 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.) 5. Adjournment 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 8, 2007 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 8:03 p.m. 2. ROLL CALL President Tim Willson and Commissioners Kay Lasman, Mary O'Connor, Dan Ryan, and Mark Yelich. Also present were Acting Executive Director/Acting City Manager/Director of Fiscal Support Services Dan Jordet, Public Works Director/City Engineer Todd Blomstrom, Community Development Director Gary Eitel, Community Development Specialist Tom Bublitz, City Attorney Charlie LeFevere, and Deputy City Clerk Camille Worley. 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. September 24, 2007 Regular Session Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION NO. 2007-19 APPROVING AND AUTHORIZING EXECUTION OF A SECOND AMENDMENT TO THE DEVELOPMENT AGREEMENT BETWEEN THE ECONOMIC DEVELOPMENT AUTHORITY AND BROOKLYN HOTEL PARTNERS, LLC Acting Executive Director/Acting City Manager/Director of Fiscal Support Services Dan Jordet introduced the item, discussed the history, and stated the purpose of the proposed resolution. Commissioner Lasman moved and Commissioner Ryan seconded adoption of RESOLUTION NO. 2007-19 Approving and Authorizing Execution of a Second Amendment to the Development Agreement Between the Economic Development Authority and Brooklyn Hotel Partners, LLC. 10/08/07 -1- DRAFT Commissioner O'Connor voted against the same. Motion passed. 4b. RESOLUTION NO. 2007-20 AMENDING EDA RESOLUTION NO. 2007-13 APPROVING AND AUTHORIZING EARLY CONSTRUCTION UNDER DEVELOPMENT AGREEMENT BETWEEN THE ECONOMIC DEVELOPMENT AUTHORITY, THE CITY OF BROOKLYN CENTER AND BROOKLYN HOTEL PARTNERS, LLC Mr. Jordet introduced the item, discussed the history, and stated the purpose of the proposed resolution. Commissioner Lasman moved and Commissioner Ryan seconded adoption of RESOLUTION NO. 2007-20 Amending EDA Resolution No. 2007-13 Approving and Authorizing Early Construction Under Development Agreement Between the Economic Development Authority, the City of Brooklyn Center and Brooklyn Hotel Partners, LLC. Commissioner O'Connor voted against the same. Motion passed. 5. ADJOURNMENT Commissioner Lasman moved and Commissioner O'Connor seconded adjournment of the Economic Development Authority meeting at 8:08 p.m. Motion passed unanimously. 10/08/07 -2- DRAFT M Please refer to the December 6, 2007, City Manager's Budget Letter included in HRA Item Nos. 4a. and 4b. Member introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION APPROVING THE FINAL BUDGET FOR THE CITY OF BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY WHEREAS, the Economic Development Authority of City of Brooklyn Centex has considered the final budget for Fiscal Year 2008. NOW, THEREFORE, BE IT RESOLVED by the Economic Development that revenues and ro riations for Authority of the Crty of Brooklyn Center, Minnesuta app p the Economic Development Authority aze hereby adopted as follows: Economic Develanment Authoritv Revenues Other Financing Sources 367.191 Total Economic Development Authority 367.191 A ro riations EDA Operations 324,144 Total Economic Development Authority 324_ 144 December 10, 2Q07 Date President The motion for adoption of the forgoing resolution was duly seconded by member and upon vote being taken thereon, the following voted in favor thereof: and the following voted against same: whereupon said resolution was declared duly passed and adopted.