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HomeMy WebLinkAbout2007 06-11 CCM Work Session MINUTES OF THE PROCEEDINGS OF THE CITY COUNCIL /ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA WORK SESSION JUNE 11, 2007 CITY HALL COUNCIL CHAMBERS CALL TO ORDER The Brooklyn Center City Council/Economic Development Authority (EDA) met in Work Session called to order by Mayor /President Tim Willson at 8:13 p.m. ROLL CALL Mayor /President Tim Willson and Councilmembers /Commissioners Kay Lasman, Mary O'Connor, Dan Ryan, and Mark Yelich. Also present were City Manager Curt Boganey, Community Development Director Brad Hoffman, and Deputy City Clerk Camille Worley. 94/694 HWY 100 REDEVELOPMENT AREA City Manager Curt Boganey stated the purpose of the item is to follow -up on previous discussions regarding the future of this area and to develop a consensus of the City Council on the following three issues: What is the preferred redevelopment alternative, Should a development subsidy be provided, and What is the preferred marketing /redevelopment strategy. He summarized the following information: The Context, TIF DISTRICT #3, Benefits of Alternative Uses, Subsidy Required, Marketing/Redevelopment Strategy, and In the interim other opportunities may be presented. There was discussion on the information presented where the following opinions were expressed: Office /Showroom not appropriate and the City should pursue other routes (corporate office) to increase jobs in the city, increase the tax base, and to have a quality building on the site. Land Value should be reviewed and increased if possible. The parcel should be redeveloped to grow and further develop the City. The opportunity is a once in a longtime opportunity and should utilize the property in the best manner. The site should have a good architectural design to gather attention. Taxes have been lost on the site since the City purchased it. The City will be spending $8,000,000 by the end of the project when the land value is only $4,500,000. Community Development Director Brad Hoffman stated the developers who spoke to the City Council were frank and correct about the current status of the market. He stated office /showroom would be a faster solution; however the City has a very unique situation because parcels of this size along the I94/694 corridor are sparse and groups are looking for this type of property. He stated the corporate office market is starting to recover in northwest suburbs. He stated it is worth the wait to see what developments will present themselves and a Class A office building would have a profound impact on the City. 06/11/07 -1- It was the majority consensus of the City Council to pursue a Corporate Office using a Master Developer agreement as the method. It was the majority consensus that the City Council should be prepared to offer all or a portion of the land as a subsidy for the right development. MISCELLANEOUS Concern was raised regarding the City's ability to handle protests related to the Republican Convention due to the number of hotels in the City. Mr. Boganey responded that the likelihood of protests in the City is remote, however not an issue that will be ignored. He stated as we get closer to the event, the City will be monitoring the situation and acting accordingly. ADJOURNMENT Councilmember /Commissioner Lasman moved and Councilmember /Commissioner Yelich seconded adjournment of the City Council /Economic Development Authority Work Session at 9:24 p.m. Motion passed unanimously. 06/11/07 -2- STATE OF MINNESOTA COUNTY OF HENNEPIN) ss. Certification of Minutes CITY OF BROOKLYN CENTER) The undersigned, being the duly qualified and appointed City Clerk of the City of Brooklyn Center, Minnesota, certifies: 1. That attached hereto is a full, true, and complete transcript of the minutes of a Work Session of the City Council of the City of Brooklyn Center held on June 11, 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 City Council adopted said minutes at its June 25, 2007, Regular Session. C;, City Clerk Mayor Pno_ 06/11/07 -3