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HomeMy WebLinkAbout2009 11-23 EDAP i EDA MEETING City of Brooklyn Center November 23, 2009 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 1. October 26, 2009 Regular Session i 4. Commission Consideration Items a. Consider the Sale of Property Located at 57th and Logan Avenues North Requested Commission Action: —Under the exceptions to the Open Meeting Law, the Economic Development Authority may elect to adjourn to closed Executive Session regarding the sale of real property located at 57th and Logan Avenues North [Minn. Stat. 13D.05, subd. 3 (c)]. Announce that the EDA will adjourn from Executive Session and will not reconvene following the Executive Session. 5. Adjournment i EDA Agenda Item No. 3a 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 26, 2009 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 7:56 p.m. 2. ROLL CALL President Tim Willson and Commissioners Kay Lasman, Tim Roche, Dan Ryan, and Mark Yelich. Also present were Executive Director Curt Boganey, Public Works Director /City Engineer Steve Lillehaug, Director of Business and Development Gary Eitel, Director of CARS Jim Glasoe, Assistant City Manager/Director of Building and Community Standards Vickie Schleuning, City Attorney Charlie LeFevere, and Carol Hamer, TimeSaver Off Site Secretarial, Inc. 3. APPROVAL OF AGENDA AND CONSENT AGENDA Commissioner Ryan moved and Commissioner Roche seconded approval of the Agenda and Consent Agenda, and the following item was approved: 3a. APPROVAL OF MINUTES 1. October 12, 2009 Regular Session Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION NO. 2009 -17 AUTHORIZING AUTHORITY STAFF TO ACQUIRE CERTAIN FORECLOSED HOMES WITHIN THE CITY AND TO EXECUTE ALL INSTRUMENTS AND CONTRACTS RELATED THERETO Executive Director Curt Boganey discussed the history of the item and stated the purpose of the proposed resolution. Director of Business and Development Gary Eitel provided an overview and answered questions of the EDA on the guidelines for acquisition of properties by the EDA Executive Director. 10/26/09 -1- DRAFT There was discussion on the guideline requiring that the purchase price cannot be more than 65% of Hennepin County's latest estimated Market Value for the property, and could not exceed $80,000. Mr. Boganey clarified that the goal in expediting staff's ability to make these acquisition options is not to compete with the private sector. Staff will be looking for properties that have previously been identified in a Council policy or plan to be a strategic benefit to the community, such as properties on Brooklyn Boulevard where the Council established policy is to remove some of the uses along that corridor so that the corridor can ultimately be redeveloped. It was noted that the properties referred to are identified in the -Comprehensive Plan and are part of a long standing policy. Commissioner Lasman moved and Commissioner Ryan seconded adoption of EDA RESOLUTION NO. 2009 -17 Authorizing Authority Staff to Acquire Certain Foreclosed Homes within the City and to Execute all Instruments and Contracts Related Thereto. President Willson commended staff for the procedure being followed and noted the benefit this provides to the City. Motion passed unanimously. 4b. RESOLUTION NO. 2009 -18 AUTHORIZING THE EXECUTION OF A THIRD AMENDMENT TO REAL ESTATE OPTION AGREEMENT (FBI REGIONAL FIELD OFFICE) Mr. Eitel introduced the item, discussed the history, stated the purpose of the proposed resolution, and provided an overview of the Third Amendment to Real Estate Agreement (FBI Regional Field Office). Mr. Jim Irwin, Barry Real Estate Companies, addressed the City Council and stressed that the number of jobs planned with the subject development will not change from what was proposed in the original agreement. The purpose of the proposed amendment is to reduce risks associated with financing. There was discussion on language added to the agreement relating to the right of reversion and position of the Authority /EDA in the event of a foreclosure. Commissioner Roche moved and Commissioner Lasman seconded adoption of EDA RESOLUTION NO. 2009 -18 Authorizing the Execution of a Third Amendment to Real Estate Option Agreement (FBI Regional Field Office). Motion passed unanimously. 5. ADJOURNMENT Commissioner Lasman moved and Commissioner Ryan seconded adjournment of the Economic Development Authority meeting at 8:23 p.m. Motion passed unanimously. 10/26/09 -2- DRAFT EDA Agenda Item No, 4a i There are no materials for this item.