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Home My WebLink About2001 09-10 EDAP EDA MEETING Public Copy City of Brooklyn Center September 10, 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. August 27, 2001 - Regular Session 4. Commission Consideration Item a. Preliminary EDA 2002 Tax Levy and Budget 1. Resolution Establishing a Preliminary Tax Capacity Levy for the Benefit of the City of Brooklyn Center Economic Development Authority for Fiscal Year 2002 2. Resolution Approving the Preliminary Budget for the City of Brooklyn Economic Development Pursuant to Minnesota Statutes Chapter 469 •Requested Commission Action: - Motion to adopt resolutions. 5. Adjournment I 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 AUGUST 27, 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 8:04 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, 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 Peppe, seconded by Commissioner Nelson to approve the agenda and consent agenda. Motion passed unanimously. 3a. APPROVAL OF MINUTES A motion by Commissioner Peppe, seconded by Commissioner Nelson to approve the August 13, 2001, regular session. Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION AUTHORIZING THE EXECUTIVE DIRECTOR TO SPEND UP TO $15,000 IN ORDER TO OBTAIN THE NECESSARY FINANCIAL DATA NEEDED FOR A FEASIBILITY STUDY TO DETERMINE IF A COMMUNITY, COUNTY, OR REGIONAL STADIUM FOR LEASE BY THE MINNESOTA TWINS COULD BE DEVELOPED IN THE CITY OF BROOKLYN CENTER, MINNESOTA 08/27/01 -1- DRAFT There was no discussion on this item. A motion by Commissioner Peppe, seconded by Commissioner Nelson to table this resolution to a future date to allow more time for residents to provide their input on the future of Brooklyn Center. Motion passed unanimously. 5. ADJOURNMENT A motion by Commissioner Nelson, seconded by Commissioner Lasman to adjourn the meeting at 8:05 p.m. Motion passed unanimously. President 08/27/01 -2- DRAFT EDA Agenda Item No. 4a adoption: Member introduced the following resolution and moved its EDA RESOLUTION NO. RESOLUTION ESTABLISHING A PRELIMINARY TAX CAPACITY LEVY FOR THE BENEFIT OF THE CITY OF BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY FOR FISCAL YEAR 2002 WHEREAS, Minnesota Statutes require that the preliminary property tax levy be provided to the Hennepin County Auditor no later than September 15, 2001 for taxes payable in calendar year 2002. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of the City of Brooklyn Center, Minnesota that a special tax is hereby levied on all taxable real and personal property within the City of Brooklyn Center at the rate of 0.01813% of the total tax capacity value of real and personal property situated within the corporate limits of the City of Brooklyn Center that is not exempted by law. BE IT FURTHER RESOLVED that the property tax levied under this resolution be used for the operations and activities of the Economic Development Authority of the City of Brooklyn Center pursuant to Minnesota Statutes Chapter 469. Date President The motion for adoption of the forgoing resolution was duly seconded by member and upon vote being taken thereon, the following voted in favor thereof: and the following voted against same: whereupon said resolution was declared duly passed and adopted. Member introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION APPROVING THE PRELIMINARY BUDGET FOR THE CITY OF BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY PURSUANT TO MINNESOTA STATUTES CHAPTER 469 WHEREAS, the Economic Development Authority of City of Brooklyn Center has considered the preliminary budget for Fiscal Year 2002. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of the City of Brooklyn Center, Minnesota that appropriations for the Housing and Redevelopment Authority are hereby adopted as follows: Economic Development Authority Fund #1 Revenues Intergovernmental Revenue -CDBG $242,294 I.D.R.B Fees $9,000 Miscellaneous Revenue - Investment Earnings $5,000 Total Housing and Redevelopment Authority $256,294 Appropriations Redevelopment $300,000 . CDBG Programs $242,294 Total Economic Development Auth. Fund #1 $542,294 Economic Development Authority Fund 42 Revenues Property Taxes $269,968 Miscellaneous Revenue - Investment Earnings $25,000 Transfer from H.R.A. Fund $214,426 Total Economic Development Auth. Fund 42 $256,294 Appropriations Redevelopment $ - -0- CDBG Programs $_0_ Total Economic Development Auth. Fund 42 $_0_ Date President The motion for adoption of the forgoing resolution was duly seconded by member and upon vote being taken thereon, the following voted in favor thereof: • and the following voted against same: whereupon said resolution was declared duly passed and adopted.