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HomeMy WebLinkAbout2006 12-11 EDAP EDA MEETING City of Brooklyn Center December 11, 2006 AGENDA 1. Call to Order —The EDA 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 Commissioners not present at meetings will be recorded as abstaining from the vote on the minutes. 1. October 23, 2006 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. 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 23, 2006 CITY HALL COUNCIL CHAMBERS 1. 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 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 Hoffinan, 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 10/23/06 1 DRAFT Motion passed unanimously. Mr. Bo ane explained the purpose of the resolution with respect to roe tax abatement and g Y p PmP P property rtY 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 SURPLUSPROPERTY 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. President 10/23/06 2 DRAFT 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 Center has considered the final budget for Fiscal Year 2007. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of the City of Brooklyn Center, Minnesota that revenues and appropriations for the Economic Development Authority are hereby adopted as follows: Economic Development Authoritv Revenues Other Financing Sources 283,000 Total Economic Development Authority 283.000 Appro priations EDA Operations $277.787 Total Economic Development Authority $277.787 December 11. 2006 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.