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HomeMy WebLinkAbout2003 02-24 EDAP • EDA MEETING City of Brooklyn Center February 24, 2003 AGENDA 1. Call to Order 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. January 13, 2003 - Regular Session 4. Commission Consideration Items • a. Resolution Terminating Development Agreement with Jerry's Enterprises, Inc. -Requested Commission 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 IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA REGULAR SESSION JANUARY 13, 2003 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 7:41 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, Interim Assistant City Manager /Director of Public Works Sharon Klumpp, 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 Peppe to approve the agenda and consent agenda. Motion passed unanimously. 3a. APPROVAL OF MINUTES A motion by Commissioner Lasman, seconded by Commissioner Peppe to approve the December 9, 2002, regular session minutes. Commissioners Carmody and Niesen abstained. Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION ELECTING OFFICERS FOR THE ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF BROOKLYN CENTER President Kragness discussed that this resolution would elect the following: President/Treasurer: Myrna Kragness • Vice - President: Kay Lasman Assistant Treasurer: Douglas Sell Secretary: G. Brad Hoffman 01/13/03 -1- DRAFT RESOLUTION NO. 2003-01 e Commissioner Lasman introduced the following resolution and moved its adoption: RESOLUTION ELECTING OFFICERS FOR THE ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF BROOKLYN CENTER The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Carmody. Motion passed unanimously. 4b. PROPOSED SPECIAL LEGISLATION REGARDING TAX INCREMENT FINANCING DISTRICT NO. 3 AND SMART GROWTH OPPORTUNITY SITE Executive Director Michael McCauley discussed that the City received information regarding the effect of Special Legislation for Tax Increment Financing (TIF) District No. 3; and that an amendment had been added that provides that rental and owner occupied housing activities do not need to meet the income requirements of Section 469.1761 if they are located in the Smart Growth Opportunity Site. The current Legislation allows the City to spend 15 percent of the tax increment revenues from TIF No. 3 on rental or owner occupied housing activities located anywhere in the City if they met certain income requirements. Mr. McCauley asked the Commission if they would be comfortable moving forward with this • Special Legislation. Commissioner Niesen discussed that she would like to learn more about TIF and questioned if this would be adopting anything. Mr. McCauley informed that if a motion was made it should be for staff to follow up and contact Legislators; and that the City is not committed to anything at this time. A motion by Commissioner Peppe, seconded by Commissioner Lasman to direct staff to follow up and contact Legislators regarding this Special Legislation. Motion passed unanimously. 5. ADJOURNMENT A motion by Commissioner Niesen, seconded by Commissioner Lasman to adjourn the meeting at 7:51 p.m. Motion passed unanimously. President • 01/13/03 -2- DRAFT • EDA Agenda Item No. 4a Commissioner introduced the following resolution and • moved its adoption: EDA RESOLUTION NO. RESOLUTION TERMINATING DEVELOPMENT AGREEMENT WITH JERRY'S ENTERPRISES, INC. WHEREAS, the Economic Development Authority (EDA) of Brooklyn Center entered into a contract with Jerry's Enterprises, Inc. (the "Developer', dated January 2, 2002, entitled DEVELOPMENT AGREEMENT BY AND BETWEEN ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER AND JERRY'S ENTERPRISES, INC. (the "Development Agreement "), under which the EDA agreed to acquire the Development Property as described in the Development Agreement and to convey it to the Developer; and WHEREAS, the Developer has secured control of the Development Property, making acquisition by the EDA unnecessary; and WHEREAS, the parties have mutually agreed that it is no longer appropriate to proceed with acquisition pursuant to the Development Agreement. NOW, THEREFORE, BE IT RESOLVED by the EDA in and for the City of Brooklyn Center, Minnesota, that the Development Agreement is hereby terminated and of no • further force or effect. Date President The motion for the adoption of the foregoing resolution was duly seconded by commissioner and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon said resolution was declared duly passed and adopted. City of Brooklyn Center A Millennium Community • MEMORANDUM TO: Economic Development Authority President and Commissioners FROM: Michael J. McCauley DATE: February 18, 2003 SUBJECT: Resolution Terminating Development Agreement with Jerry's Enterprises, Inc. The Economic Development Authority (EDA) entered into an agreement with Jerry's Enterprises, Inc. to cause the acquisition of the Jerry's Food Store and its redevelopment. Jerry's Enterprises, Inc. was able to acquire all of the interests in the real property without the need for the EDA to exercise eminent domain in support of the project. Therefore, the City Attorney has drafted the enclosed resolution that would terminate the agreement since the EDA will not be acquiring the property in aid of its redevelopment. • 6301 Shingle Creek Parkway Recreation and Community Center Phone & TDD Number Brooklyn Center, MN 55430 -2199 (763) 569 -3400 City Hall & TDD Number (763) 569 -3300 FAX (763) 569 -3434 FAX (763) 569 -3494