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Home My WebLink About2004 08-09 EDAP EDA MEETING City of Brooklyn Center August 9, 2004 AGENDA 1. Call to Order 2. Ro11 Cal1 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. April 12, 2004 Regular Session 4. Commission Consideration Item a. Resolution Calling a Public Hearing on a Business Subsidy and the Disposition of Property •Requested Comm�ssion Action: -Motion to adopt resolution. 5. Adjournment EDA Agenda Item No. 3a MINUTES OF THE PROCEEDINGS OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER 1N THE COUNTY OF HENNEFIN AND THE STATE OF MINNESOTA REGULAR SESSION APRIL 12, 2004 CITY HALL CITY COUNCIL 1. CALL TO ORDER The Brooklyn Center Economic Development Authority (EDA) met in Regular Session and was called to order at 7:51 p.m. by President Myrna Kragness. 2. ROLL CALL President Myrna Kragness, Commissioners Kathleen Carmody, Kay Lasman, Diane Niesen, and Bob Peppe. Also present: Executive Director Michael McCauley, Public Works Director/City Engineer Todd Blomstrom, Community Development Director Brad Hoffman, Fiscal and Support Services Director Dan Jordet, City Attorney Charlie LeFevere, and Deputy City Clerk Maria Rosenbaum. 3. APPROVAL OF AGENDA AND CONSENT AGENDA A motion by Commissioner Lasman, seconded by Commissioner Carmody to approve the agenda and consent agenda. Motion passed unanimously. 3a. APPROVAL OF MINUTES A motion by Commissioner Lasman, seconded by Commissioner Cannody to approve the March 22, 2004, regular session minutes. Commissioner Bob Peppe abstained. Motion passed. 4. COMMISSION CONSIDERATION ITEMS 4a. PUBLIC HEARING REGARDING THE SALE OF CERTAIN EDA OWNED PROPERTY LOCATED AT 419 69� AVENUE NORTH PURSUANT TO MINNESOTA STATUTES, SECTION 469.012 SUBDIVISION 7 AND SECTION 469.029 -RESOLUTION AUTHORIZING ECONOMIC DEVELOPMENT AUTHORITY (EDA) EXECUTIVE DIRECTOR TO EXECUTE PURCHASE AGREEMENT FOR THE SALE OF THE EDA OWNED PROPERTY LOCATED AT 419 69� AVENUE NORTH 04/ 12/04 -1- DRAFT Executive Director Michael McCauley discussed that it would be in the best interest of the City to sell the property at 419 69�' Avenue North pursuant to the terms and conditions of the purchase agreement to Eastbrook Properties, LLC. This resolution would authorize the Executive Director to execute the purchase and development agreement and all other documents required for this sale. A�otion by Commissioner Lasman, seconded by Commissioner Carmody to open the Public Hearing. Motion passed unanimously. No one wished to address the Commission. A motion by Commissioner Peppe, seconded by Commissioner Carmody to close the Public Hearing. Motion passed unanimously. Commissioner Carmody questioned if the property would have current standards for curb and gutter. Mr. McCauley responded that the new property would have standard curb and gutter. RESOLUTION NO. 2004-04 Commissioner Lasman introduced the following resolution and moved its adoption: RESOLUTION AUTHORIZING ECONOMIC DEVELOPMENT AUTHORITY (EDA} EXECUTIVE DIRECTOR TO EXECUTE PURCHASE AGREEMENT FOR THE SALE OF THE EDA OWNED PROPERTY LOCATED AT 419 69 AVENUE NORTH The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Carmody. Motion passed unanimously. 5. ADJOURNMENT A motion by Commissioner Carmody, seconded by Commissioner Lasman to adjourn the meeting at 7:54 p.m. Motion passed unanimously. President 04/12/04 -2- DRAFT EDA Agenda Item No. 4a Member introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION CALLING A PUBLIC HEARING ON A BUSINESS SUBSIDY AND THE DISPOSITION OF PROPERTY WHEREAS, the Economic Development Authority of the City of Brooklyn Center, Minnesota (the "Authority") has received a proposal from Brooklyn Hotel Partners, LLC, a Minnesota limited liability company, (the "Developer") that the Authority convey certain property owned by the Authority (the "Property") to the Developer to be used for a full service hotel and an indoor water park (the "Project"); WHEREAS, pursuant to a Development Agreement proposed to be entered into by the Authority and the Developer (the "Development Agreement"), the Authority will convey the Property to the Developer and provide certain tax increment assistance to the Developer in connection with the Project; WHEREAS, the Authority proposes to undertake the Project as a redevelopment project pursuant to Minnesota Statutes, Section 469.001 to 469.068 (the "HRA Law"); WHEREAS, Section 469.029 of the HR.A Law requires, among other things, that when an authority determines to convey property it must first hold a public hearing; WHEREAS, Minnesota Statutes, Section 116J.993 through 116J.995 requires a public hearing be held on the tax increment assistance, which is a business subsidy; and WHEREAS, the Authority desires to call a public hearing on August 23, 2004, on the granting of the tax increment assistance and the proposed conveyance of the Property to the Developer pursuant to the Development Agreement. NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners (the "Board") of the Economic Development Authority of the City of Brooklyn Center, Minnesota, as follows: 1. Public Hearin� on a Business Subsidv and Disnosition of Pronertv. This Board shall meet at the time and place specified in the form of notice attached hereto as Exhibit A for the purpose of holding a public hearing on the business subsidy and the proposed conveyance of Property to the Developer pursuant to the terms and conditions of the Development Agreement, pursuant to and in accordance with Minnesota Statutes, Sections 116J.993 through 116J.995 and Section 469.029, as amended, respectively. EDA RESOLUTION NO. 2. Notice of Hearin�: Filin� of Develonment Aareement The Executive Director of the Authority is hereby authorized to cause the notice of the hearing, substantially in the form attached hereto as Exhibit A, to be published once not less than 10 nor more than 20 days prior to the hearing. The Executive Director is hereby directed to place a copy of the proposed Development Agreement between the Authority and the Developer on file in the Executive Director's Office at City Hall and to make such copies available for inspection by the public. Au�ust 9, 2004 Date President The motion for the adoption of the foregoing resolution was duly seconded by member and upon vote being taken thereon, the following voted in favar thereo£ and the following voted against the same: whereupon said resolution was declared duly passed and adopted. EDA RESOLUTION NO. STATE OF MINNESOTA SS. COUNTY OF HENNEPIN I, the undersigned, being the duly qualified and acting Secretary of the Board of Commissioners of the Economic Development Autharity of the City of Brooklyn Center, Minnesota, DO HEREBY CERTIFY that the attached resolution is a true and correct copy of an extract of minutes of a meeting of the Board of Commissioners ofthe Economic Development Authority of the City of Brooklyn Center, Minnesota, duly called and held on August 9, 2004, as such minutes relate to the calling of a public hearing on a business subsidy and the proposed disposition of property. Secretary EXHIBIT A CITY OF BROOKLYN CENTER COUNTY OF HENNEPIN STATE OF MINNESOTA NOTICE OF PUBLIC HEARING REGARDING A BUSINESS SUBSIDY AND THE DISPOSITION OF PROPERTY NOTICE IS HEREBY GIVEN that the Board of Commissioners of the Economic Development Authority of the City of Brooklyn Center, Minnesota (the "Autharity"), will hold a public hearing on August 23, 2004, beginning at approximately p.m., Central Time, in the City Hall, on the proposed grant of a business subsidy to Brooklyn Hotel Partners LLC, a Minnesota limited liability company (the "Developer") under Minnesota Statutes, Sections 116J.033 through 116J.995 and the proposed sale of certain real property by the Authority to the Developer. The property is being sold pursuant to a Development Agreement between the Developer and the Authority for redevelopment in accordance with a redevelopment plan heretofore adopted by the Authority (the "Redevelopment Plan"). A copy of the Development Agreement will be on file and available for public inspection at the office of the Executive Director of the Authority, City Hall, 6301 Shingle Creek Parkway, Brooklyn Center, Minnesota. All persons may appear at the public hearing and present their views orally or in writing on the proposed subsidy and the sale of the property. Dated: August 9, 2004 BY ORDER OF THE BOARD OF COMMISSIONERS