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Home My WebLink About1996 09-09 EDAP Regular Session • EDA AGENDA CITY OF BROOKLYN CENTER September 9, 1996 7 p.m. 1. Call to Order 2. Roll Cali 3. Approval of Agenda and Consent Agenda PP g g -The following tems are considered to be routine b the Economic Development g Y P 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 26, 1996 - Regular Session 4. Commission Consideration s Items a. Preliminary EDA 1997 Tax Levy and Budget 1. Resolution Approving the Preliminary Brooklyn Center Economic Development Authority Budget for the Year 1997 Pursuant to MSA Chapter 469.107 Subdivision 1 2. Resolution Requesting the City of Brooklyn Center to Levy Taxes for the Benefit of the Brooklyn Center Economic Development Authority for the Year 1997 -Requested Council Action: - Motion to adopt resolutions. 5. Adjournment 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 REGULAR SESSION AUGUST 26, 1996 CITY HALL CALL TO ORDER The Brooklyn Center Economic Development Authority (EDA) met in regular session and was called to order by President Myrna Kragness at 8:05 p.m. ROLL CALL President Myrna Kragness, Commissioners Kathleen Carmody, Debra Hilstrom, Kristen Mann, and Charles F. Nichols, Sr. Also present were City Manager Michael J. McCauley, Director of Public Services Diane Spector, Community Development Specialist Tom Bublitz, City Attorney Charlie LeFevere, and Council Secretary Connie Beckman. APPROVAL OF AGENDA AND CONSENT AGENDA A motion by Commissioner Hilstrom and seconded by Commissioner Carmody to approve the August 26, 1996, agenda and consent agenda as printed passed unanimously. APPROVAL OF MINUTES A motion by Commissioner Hilstrom and seconded by Commissioner Carmody to approve minutes of the August 12, 1996 - Regular Session as printed passed unanimously. COMMISSION CONSIDERATION ITEMS RESOLUTION AUTHORIZING ACQUISITION OF CERTAIN REAL PROPERTY WITHIN THE CITY OF BROOKLYN CENTER LOCATED AT 714 -53RD AVENUE NORTH AND AUTHORIZING EXECUTIVE DIRECTOR TO NEGOTIATE A PURCHASE AGREEMENT FOR ACQUISITION OF THE PROPERTY The City Manager explained acquisition of said property includes a two block area. The amount of money being resolved for payment to the owner of the single - family property located at 714 -53rd Avenue is $62,000 (fair market value) plus $5,000 to cover any potential relocation benefits to which they may be entitled if a CDBG project is established in their area. The owners of the home have agreed with the amount being offered. Commissioner Hilstrom inquired the asking price of the home when it was listed with a Realtor. The City Manager responded almost $80,000. • 08/26/96 - 1 - DRAFT RESOLUTION NO. 96 -21 Commissioner Kathleen Carmody introduced the following resolution and moved its adoption: • RESOLUTION AUTHORIZING ACQUISITION OF CERTAIN REAL PROPERTY WITHIN THE CITY OF BROOKLYN CENTER LOCATED AT 714 -53RD AVENUE NORTH AND AUTHORIZING EXECUTIVE DIRECTOR TO NEGOTIATE A PURCHASE AGREEMENT FOR ACQUISITION OF THE PROPERTY The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Charles Nichols and passed unanimously. ADJOURNMENT A motion by Commissioner Carmody and seconded by Commissioner Mann to adjourn the meeting at 8:11 p.m. passed unanimously. President • Recorded and transcribed by: Connie Beckman Timesaver Off Site Secretarial 08/26/96 -2- • MEMORANDUM TO: Michael J. McCauley, City Manager FROM: Charlie Hansen, Finance Director C H DATE: September 3, 1996 SUBJECT: Preliminary E.D.A. 1997 Tax Levy and Budget Attached are resolutions adopting a preliminary 1997 E.D.A. Budget and requesting the City Council to levy a preliminary 1997 property tax on behalf of the E.D.A. The E.D.A. is limited by state law to a property tax levy of no more than 0.01813% of the City's taxable market value. For 1997, we recommend levying the maximum which will raise $179,124 less $5,374 for the 3% estimated uncollectible allowance, for a net revenue of $173,750. The E.D.A. will also receive a variety of other revenues as shown on the attached budget resolution. The E.D.A. is the City's primary vehicle for carrying out housing programs and economic redevelopment. • Member introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION APPROVING THE PRELIMINARY BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY BUDGET FOR THE YEAR 1997 PURSUANT TO MSA CHAPTER 469.107. SUBDIVISION 1 WHEREAS, the Brooklyn Center Economic Development Authority has considered the preliminary budget and finds that this budget is necessary for the operation of the Brooklyn Center Economic Development Authority during the year 1997. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority for the City of Brooklyn Center as follows: 1. that the preliminary budget of the Economic Development Authority for said City is hereby approved and shall be: ESTIMATED REVENUES: General Property Taxes $173,750 Intergovernmental Revenue CDBG 258,971 I.D.R.B. Fees 17,000 Investment Earnings 105,000 Transfer from H.R.A. Fund 139,483 Total Revenue by Source $694,204 APPROPRIATIONS: Redevelopment $334,684 CDBG programs 258,971 Special Studies I Projects 100,549 Total Appropriations $694,204 2. that a copy of this resolution be submitted to the City Council of the City of Brooklyn Center. Date President The motion for the adoption of the foregoing resolution was duly seconded by member 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. Member introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION REQUESTING THE CITY OF BROOKLYN CENTER TO LEVY TAXES FOR THE BENEFIT OF THE BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY FOR THE YEAR 1997 WHEREAS, Minnesota statutes currently require certification to the Hennepin County Auditor of a preliminary tax levy on or before September 16, 1996 and a final tax levy on or before December 30, 1996. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of the City of Brooklyn Center as follows: Section 1: That the Economic Development Authority requests the City of Brooklyn Center to levy a property tax for the benefit of the Economic Development Authority, for the year 1997 at a rate not to exceed 0.01813 % of taxable property, real and personal, situated within the corporate limits of the City of Brooklyn Center, Minnesota and not exempted by the Constitution of the State of Minnesota or the valid laws of the State of Minnesota, for the purpose of maintaining the E.D.A. Special Operating Fund pursuant to MSA Chapter 469.107, • Subdivision 1. Section 2: The City of Brooklyn Center will include the Economic Development Authority's tax levy for the year 1997 in the City of Brooklyn Center's certification to the Hennepin County Auditor of a preliminary tax levy on or before September 16, 1996 and a final tax levy to on or before December 30, 1996. Date President The motion for the adoption of the foregoing resolution was duly seconded by member 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.