HomeMy WebLinkAbout2009 10-26 EDAM Regular Session 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
I
The Brooklyn Center Economic Y(EDA) Authorit Development met in Regular Session called to
p
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-
I
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).
g
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-
STATE OF MINNESOTA)
COUNTY OF HENNEPIN) ss. Certification of Minutes
CITY OF BROOKLYN CENTER)
The undersigned, being the duly qualified and appointed Secretary of the Economic
Development Authority (EDA) of the City of Brooklyn Center, Minnesota, certifies:
1. That attached hereto is a full, true, and complete transcript of the minutes of a Regular
Session of the Economic Development Authority (EDA) of the City of Brooklyn Center
held on October 26, 2009.
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 Economic Development Authority (EDA) adopted said minutes at its November
23, 2009, Regular Session.
1 r tary President
10/26/09 -3-