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Home My WebLink About1995 07-24 EDAP Regular Session CITY COUNCIL AGENDA -3- July 24, 1995 j. Resolution Authorizing the Submission of the Grant Application and Execution of the Agreement Northwest uburban Safe and Sober Traf is Enforcement Project KC /f L A , reel, k. Item Removed from the Consent Agenda 9. Adjournment �C � � - 7 o EDA AGENDA CITY OF BROOKLYN CENTER JULY 24, 1995 (following adjournment of City Council meeting) 1. Call to Order 7. 2. Roll Call C�, / A-/ i 3. Approval of Agenda and Consent Agen -The following items are considered to be routine by the conomic 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. July 5, 1995 - Regular Session 2. July 10, 1995 - Regular, Session C 0!� Iq - Resolution Declk�ing the Intent of the Economic Development Authority in and, for the City of Brooklyn Center to Issue Taxable or Tax Exempt Reimbursement Bonds for the Acquisition, of Certain Properties Within Tax Increment District #3 K � / 0 H 4. Commission Consideration Items `F a. Resolution Authorizing President and Executive Director to Execute Third Party Agreement for Year XXI Urban Hennepin County Community Development Block Grant Program 5. Adjournment Council Mecting Date July 24 1995 31 City of Brooklyn Center Agenda Item Numbe Request For Council Consideration • Item Description: EDA Minutes - July 5, 1995 - Regular Session July 10, 1995 - Regular Session Department Approval: (q G. Brad Hoffman, Director of Community Development Manager's Review/Recommendation: V, a_ No comments to supplement this report Comments below /attached Recommended City Council Action: • Summary Explanation: (supporting documentation attached Yes ) July 5, 1995 - Regular Session All Commissioners were present. July 10, 1995 - Regular Session All Commissioners were present. i MINUTES OF THE PROCEEDINGS 'OF THE ECONOMIC DEVELOPMENT AUTHORITY OF ThE CITY OF BROOKLYN CENTER IN THE COUNTY CF HENNEPIN AND THE STATE OF MINNESOTA REGULAR SESSION JULY 5, 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 6:06 p.m. ROLL CALL President Myrna Kragness, Commissioners Barb Kalligher, Kristen Mann, Debra Hilstrom, and Kathleen Carmody. Also present were Interim City Manager Cam Andre, and Council Secretary Barbara Collman. COMMISSION CONSIDERATION ITEM MINNESOTA CITY PARTICIPATION PROGRAM President Kragness introduced the action for consideration. Commissioner Mann noted one down side is the deposit of one percent of the allocation of EDA funds. She asked whether it is known how many applicants might use the program. President Kragness noted it is a one -time only commitment. Commissioner Mann agreed. The Interim City Manager indicated the allocation is based upon population, so whatever amount is not used goes into the "pot." Commissioner Mann asked whether the City could award as many loans as there is funding for. The Interim City Manager said it could. RESOLUTION NO. 95 -19 Commissioner Barb Kalligher introduced the following resolution and moved its adoption: RESOLUTION AUTHORIZING EXECUTION OF PROGRAM APPLICATION COMMITMENT AGREEMENT FOR THE 1995 MINNESOTA HOUSING FINANCE AGENCY'S MINNESOTA CITY PARTICIPATION PROGRAM 7/5%95 - 1 - The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Kathleen Carmody, and the motion passed unanimously. ADJOURNMENT There was a motion by Commissioner Kalligher and seconded by Commissioner Mann to adjourn the meeting. The motion passed unanimously. The Brooklyn Center Economic Development Authority adjourned at 6:08 p.m. President Recorded and transcribed by: Barbara Collman TimeSaver Off Site Secretarial 7/5/9 - ^ - 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 JULY 10, 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 7:59 p.m. ROLL CALL President Myrna Kragness, Commissioners Barb Kalligher, Kristen Mann, Debra Hilstrom, and Kathleen Carmody. Also present were Interim City Manager Cam Andre, Director of Public Services Diane Spector, Director of Community Development Brad Hoffman, Planning and Zoning Specialist Ron Warren, City Attorney Charlie LeFevere, and Council Secretary Barbara Collman. APPROVAL OF AGENDA AND CONSENT AGENDA President Kragness inquired if any Commissioner requested any items be removed from the consent agenda. No requests were made. There was a motion by Commissioner Mann and seconded by Commissioner Carmody to approve the agenda and consent agenda as printed. The motion passed unanimously. APPROVAL OF MINUTES JUNE 26. 1995 - REGULAR SESSION There was a motion by Commissioner Mann and seconded by Commissioner Carmody to approve the minutes of the June 26, 1995, EDA meeting as printed. The motion passed unanimously. Commissioner Kalligher abstained. COMMISSION CONSIDERATION ITEMS REQUEST FOR DEVELOPMENT PROPOSAL Commissioner Mann asked whether citizen tax dollars would be involved. The Director of Community Development said they would not be. 7/10/95 h RESOLUTION NO. 95 -20 Commissioner Barb Kalligher introduced the following resolution and moved its adoption: RESOLUTION APPROVING A REQUEST FOR DEVELOPMENT PROPOSAL FOR THE AREA OF 69TH AVENUE NORTH AND BROOKLYN BOULEVARD AND AUTHORIZING THE ADVERTISING OF THE SAME The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Debra Hilstrom, and the motion passed unanimously. ADJOURNMENT There was a motion by Commissioner Kalligher and seconded by Commissioner Mann to adjourn the meeting. The motion passed unanimously. The Brooklyn Center Economic Development Authority adjourned at 8 p.m. President Recorded and transcribed by: Barbara Collman TimeSaver Off Site Secretarial 0 7/10/95 -2 - Council Meeting Date 7/24 3 City of Brooklyn Center Agenda Item Number 3 Request For Council Consideration ® Item Description: Resolution Declaring the Intent of the Economic Development Authority in and for the City of Brooklyn Center to Issue Taxable or Tax Exempt Reimbursement Bonds for the Acquisition of Certain Properties Within Tax Increment District #3 Department App 1• G. d Itoffman, Commu y evelo ent O'ifpctor Manager's Review /Recommendation: ' No comments to supplement this report Comments below /attached Recommendation: • Summary Explanation: (supporting documentation attached No ) This is a housekeeping resolution that will allow the EDA to recover the monies expended to acquire the Brookdale Motel and the Howard Atkins property. The IRS requires the EDA to declare its intent to use bond proceeds to reimburse such expenditures. • Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION DECLARING THE INTENT OF THE ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF BROOKLYN CENTER TO ISSUE TAXABLE OR TAX EXEMPT REIMBURSEMENT BONDS FOR THE ACQUISITION OF CERTAIN PROPERTIES WITHIN TAX INCREMENT DISTRICT #3 WHEREAS, the EDA intends to acquire Brookdale Motel site ; and WHEREAS, the EDA intends to acquire Howard Atkins property; and WHEREAS, the EDA reasonably expects to expend moneys from the Economic Development Authority Fund, on a temporary basis to pay the expenditures described in this resolution; and WHEREAS, the EDA reasonably expects to reimburse itself for such expenditures from the proceeds of taxable or tax - exempt bonds, the debt service for which is expected to be paid from property taxes, special assessments, or utility fees. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota, that: This resolution is intended to constitute official intent to issue taxable or tax exempt reimbursement bonds for purposes of proposed Treasury Regulation 1.103 -17 and any successor law, regulation or ruling. This resolution shall be modified to the extent required or permitted by Treasury Regulation 1.103 -17 as finally adopted, or any successor law, regulation or ruling. 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 / 7/ / 24/95 31 City of Br oo klyn Center Agenda Item Number 7 Q— Request For Council Consideration • Item Description: Resolution Authorizing President and Executive Director to Execute Third Party Agreement for Year XXI Urban Hennepin County Community Development Block Grant Program Department Approval: °/ •►'n. Y om . � Y t' Tom Bubli tz Community Development • 'ali y p t Spe st Manager's Review /Recommendation: r r No comments to supplement this report Comments below /attached Recommendation: Staff recommends approval of Resolution Authorizing President and Executive Director to Execute Third Party Agreement for Year XXI Urban Hennepin County Community Development Block Grant Program. • Summary Explanation: (supporting documentation attached IVo The Brooklyn Center EDA is the implementing agency for the scattered site acquisition program, which is one of the Year XXI CDBG program activities. As implementing agency for the scattered site program, a formal agreement is required between the City Council and the Brooklyn Center EDA. The total amount allocated to the scattered site acquisition program for Year XXI is $160,000. This is a housekeeping resolution, enacted annually as part of the CDBG program requirements. A copy of the Third Party Agreement is included in the City Council packets. Refer to City Council agenda item number 9(e). Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION AUTHORIZING PRESIDENT AND EXECUTIVE DIRECTOR TO EXECUTE THIRD PARTY AGREEMENT FOR YEAR XXI URBAN HENNEPIN COUNTY COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM WHEREAS, the City Council of the City of Brooklyn Center has authorized a subrecipient agreement with Hennepin County for the Year XXI Urban Hennepin County Community Development Block Grant program; and WHEREAS, the Economic Development Authority in and for the City of Brooklyn Center serves as the provider of Community Development Block Grant activities in the City of Brooklyn Center. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center that its President and Executive Director are hereby authorized to execute a Third Party Agreement between the City of Brooklyn Center and the Economic Development Authority in and for the City of Brooklyn Center for the purpose of implementing Year XXI Community Development Block Grant program activities. 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.