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HomeMy WebLinkAbout2002 03-11 EDAP EDA MEETING City of Brooklyn Center March 11, 2002 AGENDA ® NOTE: EDA will convene March 11 2002 7 p.m., then adjourn the meeting to March 13, 2002, following the 7 p.m. Regular Session City Council meeting at which time the meeting will be convened. 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. February 25, 2002 • 4. Commission Consideration Items a. Resolution of the Economic Development Authority of the City of Brooklyn Center Approving Hennepin County's Participation in the Shingle Creek Tower Project • Requested Commission Action: - Motion to adopt resolution. 5. Adjournment s 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 FEBRUARY 25, 2002 WEST FIRE STATION — TRAINING ROOM 1. CALL TO ORDER The Brooklyn Center Economic Development Authority (EDA) met in regular session and was called to order at 11:04 p.m. by President Myrna Kragness. 2. ROLL CALL President Myrna Kragness, Commissioners Kay Lasman, Ed Nelson, Bob Peppe, and Tim Ricker. Also present: Fiscal and Support Services Director Doug Sell, Public Works Director Diane Spector, Community Development Director Brad Hoffman, Planning and Zoning Specialist Ron Warren, City Attorney Charlie LeFevere, and Deputy City Clerk Maria Rosenbaum. 3. APPROVAL OF AGENDA AND CONSENT AGENDA A motion by Commissioner Nelson, seconded by Commissioner Lasman to approve the agenda and consent agenda. Motion passed unanimously. ® 3a. APPROVAL OF MINUTES A motion by Commissioner Nelson, seconded by Commissioner Lasman to approve the February 11, 2002, regular session minutes. Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. UPDATE ON SHINGLE CREEK TOWER PROJECT President Kragness discussed that the update for the Shingle Creek Tower Project was provided at the City Council meeting. A motion by Commissioner Lasman, seconded by Commissioner Peppe to accept the update. Motion passed unanimously. 5. ADJOURNMENT A motion by Commissioner Nelson, seconded by Commissioner Peppe to adjourn the meeting at 11:05 p.m. Motion passed unanimously. ® President 02/25/02 -1- DRAFT • EDA Agenda Item No. 4a • MEMORANDUM TO: Michael J. McCauley, City Manager FROM: Tom Bublitz, Community Development Specialist / Z t DATE: March 6 2002 SUBJECT: Resolution of the Economic Development Authority of the City of Brooklyn Center Approving Hennepin County's Participation in the Shingle Creek Tower Project The Hennepin County Housing and Redevelopment Authority ( HCHRA) has approved a $400,000 loan to AMCON for the Shingle Creek Tower project through its Affordable Housing Incentive Fund (AHIF). The County's Affordable Housing Incentive Fund is a fund created by the Hennepin County Board to create and preserve affordable housing in Hennepin County. Funds from the AHIF are awarded on a competitive application basis. The State Statute which authorized the creation of county housing authorities requires municipal approval before the Hennepin County Housing and Redevelopment Authority can participate in a project in a particular city. A resolution approving County participation in the Shingle Creek Tower project is required from both the City and the city's Economic Development Authority (EDA). The resolution included with this memorandum approves the HCHRA participation in the Shingle Creek Tower proj ect in the City of Brooklyn Center. An identical companion resolution is included with the Council agenda. • Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER APPROVING HENNEPIN COUNTY'S PARTICIPATION IN THE SHINGLE CREEK TOWER PROJECT WHEREAS, the Hennepin County Housing and Redevelopment Authority ( HCHRA) in Resolution No. 24- HCHRA -OIR1 has approved the use of a $400,000 Affordable Housing Incentive Fund loan for the Shingle Creek Tower project, contingent upon the Brooklyn Center Economic Development Authority's consent to the HCHRA's participation in the project; and WHEREAS, the Shingle Creek Tower project will preserve the supply of affordable housing in the City of Brooklyn Center by preserving 122 rental units; and WHEREAS, the loan from the HCHRA will complete the financing required for the project to go forward. BE IT RESOLVED by the Economic Development Authority in and for the City ® of Brooklyn Center that the participation of the Hennepin County Housing' and Redevelopment Authority in the project is hereby approved. 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.