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HomeMy WebLinkAbout1999 05-24 EDAP Regular Session EDA MEETING • City of Brooklyn Center May 24, 1999 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 - April 26, 1999 4. Commission Consideration Items a. Resolution Approving the Acquisition of Real Property Located at 6938 June Avenue • North and Accepting Sales Contract for Said Property - Requested Commission Action: - Motion to adopt resolution. b. Resolution Approving the Acquisition of Real Property Located at 6938 Brooklyn Boulevard and Accepting Sales Contract for Said Property - Requested Commission Action: - Motion to adopt resolution. 5. Adjournment • EDA Agenda Item No. 3a O 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 APRIL 26, 1999 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 7:49 p.m. 2. ROLL CALL President Myrna Kragness, Commission Members Debra Hilstrom, Kay Lasman, Ed Nelson, and Robert Peppe. Also present: Executive Director Michael J. McCauley, Assistant City Manager/HR Director Jane Chambers, City Attorney Charlie LeFevere, and Recording Secretary Maria Rosenbaum. i 3. APPROVAL OF AGENDA AND CONSENT AGENDA A motion by Commissioner Lasman, seconded by Commissioner Hilstrom to approve the agenda and consent agenda. Motion passed unanimously. 3a. APPROVAL OF MINUTES A motion by Commissioner Lasman, seconded by Commissioner Hilstrom to approve the minutes from the regular session on March 22, 1999. Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION AUTHORIZING THE ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF BROOKLYN CENTER TO APPLY FOR A CONTAMINATION CLEAN UP GRANT FROM THE MINNESOTA DEPARTMENT OF TRADE AND ECONOMIC DEVELOPMENT • 04/26/99 -1- DRAFT RESOLUTION AUTHORIZING THE SUBMISSION OF A GRANT APPLICATION TO THE METROPOLITAN COUNCIL FOR THE TAX BASE REVITALIZATION ACCOUNT Executive Director Michael McCauley discussed these resolutions would authorize the submission of both grant applications for the clean up of the old Joslyn poleyard site. RESOLUTION NO. 99-11 Commissioner Hilstrom introduced the following resolution and moved its adoption: RESOLUTION AUTHORIZING THE ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF BROOKLYN CENTER TO APPLY FOR A CONTAMINATION CLEAN UP GRANT FROM THE MINNESOTA DEPARTMENT OF TRADE AND ECONOMIC DEVELOPMENT The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Lasman. Motion passed unanimously. RESOLUTION NO. 99-12 Commissioner Hilstrom introduced the following resolution and moved its adoption: RESOLUTION AUTHORIZING THE SUBMISSION OF A GRANT APPLICATION TO THE METROPOLITAN COUNCIL FOR THE TAX BASE REVITALIZATION ACCOUNT The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Lasman. Motion passed unanimously. 4b. RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF A DEVELOPMENT AGREEMENT FOR THE JOSLYN POLEYARD TWIN LAKE BUSINESS PARK (REAL ESTATE RECYCLING) Mr. McCauley discussed this resolution approving and authorizing execution of a development agreement for the Joslyn Poleyard Twin Lake Business Park (Real Estate Recycling). The agreement would be consistent with the plan. One change has occurred regarding the length of potential increment. If grant funding is received for phase 2 or 3, a maximum of 10 full years of increment will apply to each phase. If grant funding is not received, each phase would be able to capture up to 15 years of full increment. Each phase would also have potential for partial increment before full years increment. 04/26/99 -2- DRAFT Commissioners discussed who would be responsible if the project did not take place. It was noted that the developer would receive a notice and that payables are solely from TIF. RESOLUTION NO. 99-13 Commissioner Hilstrom introduced the following resolution and moved its adoption: RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF A DEVELOPMENT AGREEMENT FOR THE JOSLYN POLEYARD TWIN LAKE BUSINESS PARK (REAL ESTATE RECYCLING) The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Peppe. Motion passed unanimously. 5. ADJOURNMENT A motion by Commissioner Hilstrom, seconded by Commissioner Nelson to adjourn the meeting at 7:55 p.m. Motion passed unanimously. President • 04/26/99 -3- DRAFT i - EDA Agenda Item No. 4a • • MEMORANDUM TO: Michael J. McCauley, City Manager FROM: Brad Hoffman, Community Development Director DATE: May 19, 1999 SUBJECT: Resolution Approving the Acquisition of Real Property Located at 6938 June Avenue North and Accepting Sales Contract for Said Property The EDA has received an offer from David Nelson agreeing to sell the home at 6938 June Avenue North in the. amount of $110,000. The purchase of the property would give the EDA control of all of the homes on the east side of 69th and June. It would also include the environmental surveys Mr. Nelson has completed on several of the homes on June Avenue. The property is necessary for the redevelopment of the northeast corner of 69th and Brooklyn Boulevard. The resolution before the EDA accepts the offer of Mr. Nelson and authorizes the Executive Director to enter into a purchase agreement and acquire the property on behalf of the EDA. • • Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION APPROVING THE ACQUISITION OF REAL PROPERTY LOCATED AT 6938 JUNE AVENUE NORTH AND ACCEPTING SALES CONTRACT FOR SAID PROPERTY WHEREAS, the Economic Development Authority in and for the City of Brooklyn Center (EDA) is authorized, pursuant to Minnesota Statutes, Section 469.012, Subdivision 1 clause (7), within its area of operation, and without the adoption of an urban renewal plan, to acquire real property and to demolish or remove the buildings and improvements thereon; and WHEREAS, the owner has voluntarily offered a sales contract for the purchase of the property at 6938 June Avenue and legally described as: Lot 13, Block 1, Lane's Brooklyn Center Addition; and WHEREAS, the buildings located on the aforementioned property are substandard and obsolescent within the meaning of Minnesota Statutes, Section 469.012; and WHEREAS, the sale price of said property is $110,000; and WHEREAS, the EDA Board of Commissioners has determined that it is in the best interests of the EDA and the public to acquire certain real estate located at 6938 June Avenue North. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota as follows: 1. The EDA hereby finds and determines that the property is substandard and obsolete within the meaning of Minnesota Statutes, Section 469.012. 2. The EDA accepts the terms of the sales contract for the property at 6938 June Avenue North. 3. The Brooklyn Center Economic Development Authority hereby authorizes the Executive Director to enter into a purchase agreement on behalf of the Economic Development Authority for the acquisition of 6938 June Avenue North for a purchase price not to exceed $110,000 upon such other terms and conditions as will result in the conveyance to the Economic Development Authority a fee simple title to the property and the payment of such incidental expenses as are deemed reasonable by the Executive Director as part of the purchase agreement. 4. The Executive Director is hereby authorized to execute such closing documents as may be necessary to effectuate the purchase agreement authorized by this resolution to effect the actual acquisition. 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. EDA Agenda Item No. 4b MEMORANDUM TO: Michael J. McCauley, City Manager FROM: Brad Hoffman, Community Development Director ` DATE: May 19, 1999 SUBJECT: Resolution Approving the Acquisition of Real Property Located at 6938 Brooklyn Boulevard and Accepting Sales Contract for Said Property The EDA has received an offer from the owner of 6938 Brooklyn Boulevard to purchase his property in the amount of $160,000. The acquisition of the property is necessary for the expansion of Brooklyn Boulevard as well as the redevelopment of the northeast corner of 69th and Brooklyn Boulevard. The EDA has had an appraisal done on the property. The appraised value was $155,000. The offer from the seller includes all benefits including relocation. The resolution before the EDA is to accept the offer and direct staff to prepare a purchase agreement and authorizes the Executive Director to enter into a purchase agreement and acquire the property on behalf of the EDA. • Commissioner introduced the following resolution and moved its adoption: • EDA RESOLUTION NO. RESOLUTION APPROVING THE ACQUISITION OF REAL PROPERTY LOCATED AT 6938 BROOKLYN BOULEVARD AND ACCEPTING SALES CONTRACT FOR SAID PROPERTY WHEREAS, the Economic Development Authority in and for the City of Brooklyn Center (EDA) is authorized, pursuant to Minnesota Statutes, Section 469.012, Subdivision 1 clause (7), within its area of operation, and without the adoption of an urban renewal plan, to acquire real property and to demolish or remove the buildings and improvements thereon; and WHEREAS, the owner has voluntarily offered a sales contract for the purchase of the property at 6938 Brooklyn Boulevard and legally described as: Lot 12, Block 2, Lane's Brooklyn Center Addition; and WHEREAS, the buildings located on the aforementioned property are substandard and obsolescent within the meaning of Minnesota Statutes, Section 469.012; and WHEREAS, the sale price of said property is $160,000; and WHEREAS the EDA Board of Commissioners has determined that it is in the best interests of the EDA and the public to acquire certain real estate located at 6938 Brooklyn Boulevard. • NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota as follows: 1. The EDA hereby finds and determines that the property is substandard and obsolete within the meaning of Minnesota Statutes, Section 469.012. 2. The EDA accepts the terms of the sales contract for the property at 6938 Brooklyn Boulevard. 3. The Brooklyn Center Economic Development Authority hereby authorizes the Executive Director to enter into a purchase agreement on behalf of the Economic Development Authority for the acquisition of 6938 Brooklyn Boulevard for a purchase price not to exceed $160,000 upon such other terms and conditions as will result in the conveyance to the Economic Development Authority a fee simple title to the property and the payment of such incidental expenses as are deemed reasonable by the Executive Director as part of the purchase agreement. 4. The Executive Director is hereby authorized to execute such closing documents as may be necessary to effectuate the purchase agreement authorized by this resolution to effect the actual acquisition. 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.