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Home My WebLink About1996 01-08 EDAP Regular Session i 'll • EDA AGENDA CITY OF BROOKLYN CENTER JANUARY 8, 1996 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. December 11, 1995 - Regular Session 2. December 18, 1995 - Regular Session S b. Resolution Electing Officers for the Economic Development Authority in and for the City of Brooklyn Center C. Resolution Designating Depositories of EDA Funds 4. Commission Consideration Items 5. Adjournment Council Meeting Date January S. 1996 City of f Brooklyn Center Agenda Item Number 3 LL/ Request For Council Consideration • Item Description: EDA Minutes - December 11, 1995 - Regular Session December 18, 1995 - Regular Session Department Approval: G. Brad Hoffman, Director of Community Devel ment Manager's Review /Recommendation: No comments to supplement this report Comments below /attached Recommended City Council Action: Summary Explanation: (supporting documentation attached Yes ) • December 11, 1995 - Regular Session Barb Kalligher was absent from the meeting and the minutes will reflect her abstention on these minutes. December 18, 1995 - Regular Session All Commissioner were present. 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 DECEMBER 18, 1995 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 7:05 p.m. ROLL CALL President Myrna Kragness, Commissioners Kathleen Carmody, Debra Hilstrom, and Kristen Mann. Also present were Interim City Manager Cam Andre, Director of Finance Charlie Hansen, City Attorney Charlie LeFevere, and Council Secretary Connie Beckman. COMMISSION CONSIDERATION ITEMS RESOLUTION APPROVING THE FINAL BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY BUDGET FOR THE YEAR 1996 PURSUANT TO MSA CHAPTER 469.107, SUBDIVISION 1 RESOLUTION NO. 95 -35 Commissioner Kristen Mann introduced the following resolution and moved its adoption: RESOLUTION APPROVING THE FINAL BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY BUDGET FOR THE YEAR 1996 PURSUANT TO MSA CHAPTER 469.107, SUBDIVISION 1 The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Debra Hilstrom and passed unanimously. RESOLUTION REQUESTING THE CITY OF BROOKLYN CENTER TO LEVY TAXES FOR THE BENEFIT OF THE BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY FOR THE YEAR 1996 12/18/95 1 _ RESOLUTION NO. 95 -36 Commissioner Kristen Mann introduced the following resolution and moved its adoption: RESOLUTION REQUESTING THE CITY OF BROOKLYN CENTER TO LEVY TAXES FOR THE BENEFIT OF THE BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY FOR THE YEAR 1996 The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Debra Hilstrom and passed unanimously. ADJOURNMENT A motion by Commissioner Hilstrom and seconded by Commissioner Mann to adjourn the meeting at 7:09 p.m. passed unanimously. President Recorded and transcribed by: Connie Beckman Timesaver Off Site Secretarial • 12/18/95 -2- 3[ Council Meeting Date 1/8/ City of Brooklyn Center Agenda Item Number 3 {J Request For Council Consideration Item Description: Resolution Electing Officers for the Economic Development Authority in and for the City of Brooklyn Center Department Approval: G. Brad Hoffman, Communi ' Development Director Manager's Review/Recommendation: No comments to supplement this report Comments below /attached Recommendation: s Summary Explanation: (supporting documentation attached No The resolution before the EDA appoints officers of the Authority. Under Minnesota Statutes, Section 469.096, the EDA elects a president, a vice- president, a treasurer, an assistant treasurer and a secretary. On an annual basis, the EDA needs to elect the president who also serves as the treasurer, the vice - president and the secretary. The mayor has served as the president, the mayor pro tem has served as the vice - president, and the community development director has served as the secretary. The assistant treasurer is the finance director and the city manager is the executive director. This is a housekeeping item formally appointing the positions that need to be filled, and this item is routinely handled at the first City Council meeting of the year. The resolution before the EDA appoints Mayor Kragness as president/treasurer, Councilmember Mann as vice- president, Finance Director Charlie Hanson as assistant treasurer and Community Development Director G. Brad Hoffman as secretary. I will be available Monday evening should you have any questions. • 1J Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION ELECTING OFFICERS FOR THE ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF BROOKLYN CENTER WHEREAS, Minnesota Statutes Section 469.096 provides that an economic development authority shall elect a president, treasurer and secretary on an annual basis. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota, that the Authority hereby elects the following officers to serve through December 31, 1995, or such later date as their successors are elected and qualified: President /Treasurer: Myrna Kragness Vice - President: Kristen Mann Assistant Treasurer: Charlie Hansen Secretary: G. Brad Hoffman 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. Council Meeting Date 1/8 ? /96 City of Brooklyn Center Agenda Item Number J '� Request For Council Consideration ® Item Description: RESOLUTION DESIGNATING DEPOSITORIES OF EDA FUNDS Department Approval: Charlie Hansen, Fina - Director Manager's Review /Recommendation: No comments to supplement this repo Comments below /attached Recommended City Council Action: Passage of the attached resolution. Summary Explanation: (supporting documentation attached _ ) e In January of each year, the Commission has passed a resolution designating the banks which are authorized as depositories of EDA funds. Marquette Bank Brookdale is where the EDA has its checking account. First National Bank of Omaha is a clearinghouse depository for credit card sales at the Earle Brown Heritage Center. Riverside Bank is the checking account used by D'Amico and Partners, Inc. for the catering operations located at the Earle Brown Heritage Center. Surplus EDA funds are pooled with City funds and invested through the institutions listed on the City Resolution designating depositories. • request \edadepst. txt 3� Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION DESIGNATING DEPOSITORIES OF EDA FUNDS WHEREAS, Section 7.01 of the City Charter provides the Economic Development Authority Commission with authority over EDA funds, including the safekeeping and disbursement of public moneys; and WHEREAS, Section 7.10 of the City Charter provides that EDA funds shall be disbursed by check bearing the actual or facsimile signature of the EDA treasurer or assistant treasurer. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota, as follows: 1. that Marquette Bank Brookdale, First National Bank of Omaha and Riverside Bank are hereby designated as the depositories of funds for the Economic Development Authority. The EDA assistant treasurer is authorized to deposit EDA funds to the extent that repayment is guaranteed by the Federal Deposit Insurance Corporation and such additional funds not to exceed the amount of 90% of collateral pledged by the depository to the EDA. 2. that the EDA treasurer and assistant treasurer are authorized by the EDA Commission to act for the EDA in any of its business with the depositories. All checks drawn upon an account of the EDA shall bear the actual or facsimile signature of the EDA treasurer or assistant treasurer. 3. that the EDA treasurer is Myrna Kragness and the assistant treasurer is Charles R. Hansen. 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. resolutioMedaresoRdeposit