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HomeMy WebLinkAbout2001 05-14 EDAP EDA MEETING City of Brooklyn Center May 14, 2001 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 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. Regular Session — March 12, 2001 2. Special Session — April 2, 2001 4. Commission Consideration Items a. Resolution Amending the Brooklyn Center Economic Development Authority Budget for Projects Undertaken During the Year 2000 • Requested Commission Action: - Motion to adopt resolution. b. Resolution Calling for a Public Hearing Regarding the Sale of Land at the Northeast Quadrant of 69' Avenue North and Brooklyn Boulevard by the Economic Development Authority • Requested Commission Action: - Motion to adopt resolution. C. Resolution Calling for a Public Hearing on the Granting of a Business Subsidy for the 69" and Brooklyn Boulevard Retail Development Project *Requested Commission Action: - Motion to adopt resolution. 5. Adjournment EDA Agenda Item No. 3a s 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 MARCH 12, 2001 CITY HALL 1. CALL TO ORDER The Brooklyn Center Economic Development Authority (EDA) met in regular session and was called to order by President Myrna Kragness at 7:56 p.m. 2. ROLL CALL President Myrna Kragness, Commissioners Kay Lasman and Ed Nelson. Commissioner Bob Peppe was absent and excused. Also present: Executive Director Michael J. McCauley, Assistant City Manager Jane Chambers, Public Works Director Diane Spector, 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 26, 2001, regular session. Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION APPROVING AMENDED AND RESTATED DEVELOPMENT AGREEMENT AND ASSIGNMENT OF THE SAME -THIS ITEM WAS TABLED AT THE JANUARY 22, 2001, MEETING. Executive Director Michael McCauley discussed that the City Council previously discussed this issue at its study session and that the Council requested amending the language in section 6.1(g) of the restated development agreement to read: 03/12/01 -1- DRAFT At the time of issuance of the Note, the Development Property is at least 75 percent leased to Eligible Tenants and the Adjacent Property is occupied with Dayton's (Marshall Fields), Penny's, Sears, Kohls, and Mervyn's department stores operated by Dayton's, Penny's, Sears, Kohls, and Mervyn's, or another nationally recognized retailer acceptable to the Authority;. Mr. McCauley further discussed the development agreement and the changes incorporated. RESOLUTION NO. 2001-06 Commissioner Nelson introduced the following resolution and moved its adoption: RESOLUTION APPROVING AMENDED AND RESTATED DEVELOPMENT AGREEMENT AND ASSIGNMENT OF THE SAME The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Lasman. Motion passed unanimously. Councilmember Nelson requested that a report be provided to the Commission at the next meeting q P p g regarding the status of the development agreement. 5. ADJOURNMENT A motion by Commissioner Lasman, seconded by Commissioner Nelson to adjourn the meeting at 8:03 p.m. Motion passed unanimously. President 03/12/01 -2- DRAFT 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 SPECIAL SESSION APRIL 2, 2001 CITY HALL 1. CALL TO ORDER The Brooklyn Center Economic Development Authority (EDA) met in regular session and was called to order by President Myrna Kragness at 9:09 p.m. 2. ROLL CALL President Myrna Kragness, Commissioners Kay Lasman, Ed Nelson, and Bob Peppe. Also present: Executive Director Michael J. McCauley, Assistant City Manager Jane Chambers, and Deputy City Clerk Maria Rosenbaum. .� 3. COMMISSION CONSIDERATION ITEM 3a. RESOLUTION APPROVING AMENDED AND RESTATED DEVELOPMENT AGREEMENT Executive Director Michael McCauley discussed the amended exhibits provided by Talisman and the money differences since the start of the prof ect for Brookdale. Council further discussed this prof ect and the outcome to date and the future outcome of the project. RESOLUTION NO. 2001-07 Commissioner Lasman introduced the following resolution and moved its adoption: RESOLUTION APPROVING AMENDED AND RESTATED DEVELOPMENT AGREEMENT The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Peppe. Motion passed unanimously. 4 1 04/02/01 -1- DRAFT 4. ADJOURNMENT A motion by Commissioner Peppe, seconded by Commissioner Nelson to adjourn the meeting at 9:45 p.m. Motion passed unanimously. President 04/02/01 -2- DRAFT EDA Agenda Item No. 4a Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION AMENDING THE BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY BUDGET FOR PROJECTS UNDERTAKEN DURING THE YEAR 2000 WHEREAS, the Brooklyn Center Economic Development Authority (EDA) adopted a budget for the operation of the Brooklyn Center EDA during the year 2000; and WHEREAS, acquisition of property adjacent to the Earle Brown Heritage Center was facilitated at a cost of $1,077,766 and 4315 70 Ave. N. was acquired for $390,000; both financed through fund balance; and WHEREAS, several grants were applied for to facilitate the redevelopment of the Joslyn Site which require the EDA to be the recipient of the grant revenue and pay the proceeds to the developer in the amount of $1,812,425. NOW, THEREFORE, BE IT RESOLVED by the EDA for the City of Brooklyn Center that the 2000 budget of the EDA for said City is hereby amended to increase the following: ESTIMATED REVENUES: Intergovernmental revenues - State & Metro Council grants $1,812,425 Transfer from Fund Balance (bond proceeds) 1,467,766 Total Revenue by Source $3,280,191 APPROPRIATIONS: Joslyn Redevelopment contracts $1,812,425 Purchases of property 1,467,766 Total Appropriations $3,280,191 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: p g and the following voted against the same: whereupon said resolution was declared duly passed and adopted. EDA Agenda Item No. 4b MEMORANDUM TO: Michael I McCauley, City Manager FROM: Tom Bublitz, Community Development Specialist DATE: May 9, 2001 SUBJECT: Resolution Calling for a Public Hearing on the Sale of EDA Owned Property Located at the Northeast Quadrant of 69 Avenue North and Brooklyn Boulevard At the February 26, 2001 City of Brooklyn Center Economic Development Authority (EDA) meeting, the EDA reviewed two proposals for development of an approximately 5.25 acre site located at the northeast quadrant of 69`'' Avenue and Brooklyn Boulevard, and assembled by the EDA for purposes of redevelopment. At the February 26 meeting, the EDA accepted the preliminary proposal from Christenson Corporation to develop the site as a neighborhood retail center. Staff has been working with Christenson Corporation to negotiate a development agreement setting forth the terms and conditions of the sale and development of the property. Staff has also been working with the developer regarding the necessary subdivision and zoning requirements relative to the development. State law requires that a public hearing be held by the EDA when it sells property for redevelopment. The hearing must address the terms and provisions of the sale as stipulated in the Development Agreement. The resolution included with this memorandum would call for a public hearing to be held on May 29, 2001 to meet the statutory obligation. Notice of the public hearing has already been published in the City's official newspaper on May 9, 2001 to meet the statutory notice provision set forth in state law. Commissioner introduced the following resolution and . moved its adoption: EDA RESOLUTION NO. RESOLUTION CALLING FOR A PUBLIC HEARING ON THE SALE OF EDA OWNED PROPERTY LOCATED AT THE NORTHEAST QUADRANT OF 69 T11 AVENUE NORTH AND BROOKLYN BOULEVARD WHEREAS, the Economic Development Authority in and for the City of Brooklyn Center (EDA) is an Economic Development Authority duly constituted and organized under law, with all the powers enumerated in Minnesota Statutes Section 469.090 to 469.1081 (including specifically the powers to carry out redevelopment projects pursuant to Minnesota Statutes Section 469.002, subdivisions 14 and 15; and WHEREAS, on April 25, 1994, the EDA adopted a Redevelopment Plan (the Plan) in an area of the City of Brooklyn Center identified as Housing Development and Redevelopment Project #1 (the Project Area) and has approved various modifications to that plan on December 19, 1994, and February 24, 1997; and WHEREAS, the Plan incorporates, consolidates and expands the redevelopment plans for projects formally known as the Earle Brown Farm Development Project and the Housing Development Project #1, which projects were created by the Brooklyn Center City Council and the former Housing and Redevelopment Authority in and for the City of Brooklyn Center, control over such projects was then transferred from the Housing and Redevelopment Authority in and for the City of Brooklyn Center to the EDA by City Council Resolution No. 87- 170, pursuant to Minnesota Statutes 469.094, subdivision 2; and WHEREAS, the Plan contemplates the acquisition of certain properties located in the project area; and WHEREAS, the EDA has determined that the buildings located on the property described below were dilapidated and obsolescent and the clearance thereof is in the best interest of the public health and welfare of the City of Brooklyn Center; and WHEREAS, the EDA acquired the parcels legally described as Lots 8 - 14, Block 1; Lots 1 -5, 9 - 14, 16 - 18, parts of Lots 6 - 8, and part of Lot 15, Block 2, Lanes Brooklyn Center Addition Hennepin County, Minnesota, the property being more commonly described as the northeast quadrant of 69 Avenue North and Brooklyn Boulevard; and WHEREAS, the EDA has received a proposal to develop the property from Christenson Corporation for retail development of the property; and WHEREAS, the EDA has determined it is in the best interests of the EDA and the public health, safety and welfare of the community to convey the property to RonSam LLC (Christenson Corporation proposal), in accordance with Minnesota Statutes Section 469.029; and RESOLUTION NO. . WHEREAS, Minnesota Statutes Section 469.028, subdivision 2 requires a public hearing for the sale of land by the EDA. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota that it is in the best interest of the EDA and the public health and welfare of the City of Brooklyn Center to sell the property to RonSam LLC (Christenson Corporation proposal) for the purpose of a retail development, conditional upon approval of a Development Agreement between the EDA and RonSam LLC. BE IT FURTHER RESOLVED that the EDA hereby authorizes a public hearing to be held on May 29, 2001 at 7 p.m. or as soon thereafter as the matter may be heard in the Brooklyn Center City Hall Council Chambers regarding the proposed sale of the property described herein to RonSam LLC and the provisions of such sale, pursuant to the required published notice. 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 fa thereof p g o g favor th eof: and the following voted against the same: whereupon said resolution was declared duly passed and adopted. Pub Hearing on Sale of Land.doc City Of Brooklyn Center (Official Publication) NOTICE OF PUBLIC HEARING REGARDING THE SALE OF LAND AT THE NORTHEAST QUADRANT OF 69 AVENUE NORTH AND BROOKLYN BOULEVARD BY THE ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF BROOKLYN CENTER Notice is hereby given that the Economic Development Authority in and for the City of Brooklyn Center will hold a public hearing on May 29, 2001, at 7 p.m., or as soon thereafter as the matter may be heard, at the Brooklyn Center City Hall located at 6301 Shingle Creek Parkway, Brooklyn Center Minnesota, pursuant to Minnesota Statutes 469.029, subdivision 2 regarding the proposed sale, and terms and conditions of the proposed sale, of the property described as follows: Lots 8 - 14, Block 1; Lots 1 - 5, 9 - 14, 16 - 18, parts of lots 6 - 8, and part of Lot 15, Block 2, Lane's Brooklyn Center Addition, Hennepin County, Minnesota. This property is more commonly described as the northeast quadrant of 69 Avenue North and Brooklyn Boulevard. The proposed sale of said property is to Christenson Corporation for construction of a new commercial retail development. All persons desiring to be heard shall appear at the time and place referenced above. Michael J. McCauley, Executive Director (Published in the Brooklyn Center SunPost on May 9, 2001) • I EDA Agenda Item No. 4c MEMORANDUM TO: Michael J. McCauley, City Manager FROM: Tom Bublitz, Community Development Specialist DATE: May 9, 2001 SUBJECT: Resolution Calling for a Public Hearing on the Granting of a Business Subsidy for the 69"' and Brooklyn Boulevard Retail Development Project At the May 29, 2001 Brooklyn Center Economic Development Authority (EDA) meeting, staff will present a Development Agreement between the EDA and RonSam LLC (Christenson Corporation proposal) for the redevelopment of the EDA owned property located at the northeast quadrant of 69 and Brooklyn Boulevard. Minnesota Statutes Sections 116J.993 - 116J.995 requires that the EDA must hold a public hearing on the Development Agreement (Business Subsidy Agreement). The resolution included with this memorandum would provide for a public hearing and required published notice of the hearing for the May 29, 2001 EDA meeting, to meet the obligation of the EDA pursuant to Minnesota Statutes. i Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION CALLING FOR A PUBLIC HEARING ON THE GRANTING OF A BUSINESS SUBSIDY FOR THE 69 AND BROOKLYN BOULEVARD RETAIL DEVELOPMENT PROJECT WHEREAS, the Economic Development Authority in and for the City of Brooklyn Center (EDA) solicited proposals for the development of certain EDA owned property pursuant to a Request For Proposal (RFP); and WHEREAS, the EDA owned property proposed for redevelopment is legally described as Lots 8 - 14, Block 1; Lots 1 - 5, 9 - 14, 16 - 18, parts of Lots 6 - 8, and part of Lot 15, Block 2 Lanes Brooklyn Center Addition, Hennepin County, Minnesota, the property more commonly described as the northeast quadrant of 69 Avenue North and Brooklyn Boulevard; and WHEREAS, the EDA received two proposals in response to the RFP and reviewed the proposals at their February 26, 2001 meeting and selected the proposal from Christenson Corporation for redevelopment of the property; and WHEREAS, pursuant to Minnesota Statutes, Sections 116J.993 - 116J.995, the EDA is required to conduct a public hearing on the Business Subsidy Agreement (Development Agreement) relative to the project. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota that the EDA hereby authorizes a public hearing to be held on May 29, 2001 at 7 p.m. or as soon thereafter as the matter may be heard in the Brooklyn Center City Hall Council Chambers regarding the proposed business subsidy agreement between the EDA and RonSam LLC pursuant to the required published notice. 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. is Pub Hearing on Bus Subsidy.doc City of Brooklyn Center (Official Publication) NOTICE OF PUBLIC HEARING ON THE GRANTING OF A BUSINESS SUBSIDY FOR THE 69 AND BROOKLYN BOULEVARD RETAIL DEVELOPMENT PROJECT Notice is hereby given that the Economic Development Authority in and for the City of Brooklyn Center Minnesota, will hold a public hearing on Tuesday, May 29, 2001 at 7 p.m., or as soon thereafter as the matter may be heard, at the Brooklyn Center City Hall located at 6301 Shingle Creek Parkway, Brooklyn Center Minnesota, on a Business Subsidy to be granted pursuant to a Development Agreement with Christenson Corporation in connection with the retail development of the property described as follows: Lots 8 - 14, Block l; Lots 1 - 5, 9 - 14, 16 - 18, parts of lots 6 - 8, and part of Lot 15, Block 2, Lane's Brooklyn Center Addition, Hennepin County, Minnesota. This property is more commonly described as the northeast quadrant of 69 Avenue North and Brooklyn Boulevard. All persons may appear at the public hearing and present their views orally or in writing. A copy of the City's Business Subsidy Policy and the Business Subsidy Agreement (Development Agreement) for the proposed retail development project at 69 and Brooklyn Boulevard are on file and may be obtained at the office of the City Clerk. Michael J. McCauley, Executive Director (Published in the Brooklyn Center SunPost on May 9, 2001)