HomeMy WebLinkAbout1999 08-23 CCM Study Session MINUTES OF THE PROCEEDINGS OF THE CITY COUNCIL
OF THE CITY OF BROOKLYN CENTER IN THE COUNTY
OF HENNEPIN AND THE STATE OF MINNESOTA
STUDY SESSION
AUGUST 23, 1999
CONFERENCE ROOM B
CALL TO ORDER STUDY SESSION
The Brooklyn Center City Council met in study session and was called to order by Mayor Myrna
Kragness at 6:00 p.m.
ROLL CALL
Mayor Myrna Kragness, Councilmembers Debra Hilstrom, Kay Lasman, Ed Nelson, and Robert
Peppe. Also present: Assistant City Manager /HR Director Jane Chambers, Community
Development Director Brad Hoffman, and Recording Secretary Maria Rosenbaum.
DISCUSSION ON AGENDA ITEMS
Council discussed the tax increment financing districts reports. Assistant City Manager/HR Director
informed the Council that the reports are required by the State.
Assistant City Manager/HR Director Jane Chambers informed the Council that agenda item 9f is to
cancel the general work session on August 30, 1999, and reschedule for September 7, 1999. There
is a Regional Human Rights Coalition meeting that Ms. Chambers will attend. Councilmember
Hilstrom will attend the general work session.
DISCUSSION ON PARTICIPATION IN THE PRESERVATION OF INTEREST
REDUCTION PAYMENTS UNDER SECTION 236 OF THE NATIONAL HOUSING
ACT (SHINGLE CREEK TOWER PROJECT)
Mary Dyrseth from Briggs and Morgan, and David Williams from Glaser Financial Group were
present to discuss the Section 236 Program. The Council asked several questions regarding the City
being the mortgage holder and why this would be viable for the City. Ms. Dyrseth informed the
Council that for Boisclair Corporation to assume the Section 236 Program, Federal regulations
require a governmental entity to assure HUD's housing quality standards, monitor affordable rent
criteria, and public ownership of Shingle Creek Towers $1,330,000 Section 236 mortgage note.
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Council discussed further the Section 236 program and the financial obligation and/or risk to the
City. Ms. Dyrseth assured the Council the City has no obligation and/or risk by agreeing to hold the
mortgage note.
ADJOURNMENT
A motion by Councilmember Hilstrom, seconded by Councilmember Peppe to adjourn the study
session 6:45 p.m.
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City Clerk D May
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