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HomeMy WebLinkAbout2010 05-24 EDAM Regular Session 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 MAY 24, 2010 CITY HALL — COUNCIL CHAMBERS 1. CALL TO ORDER The Brooklyn Center Economic Development Authority (EDA) met in Regular Session called to order by President Tim Willson at 7:45 p.m. 2. ROLL CALL President Tim Willson and Commissioners Kay Lasman, Tim Roche, Dan Ryan, and Mark Yelich. Also present were Executive Director Curt Boganey, Director of Fiscal and Support Services Dan Jordet, Director of Business and Development Gary Eitel, Assistant City Manager /Director of Building and Community Standards Vickie Schleuning, City Attorney Charlie LeFevere, and Carla Wirth, Timesaver Off Site Secretarial, Inc. 3. APPROVAL OF AGENDA AND CONSENT AGENDA Commissioner Ryan moved and Commissioner Yelich seconded approval of the Agenda and Consent Agenda, and the following item was approved: 3a. APPROVAL OF MINUTES 1. May 10, 2010 — Regular Session 2. May 10, 2010 — Executive Session Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION NO. 2010 -11 AUTHORIZATION ECONOMIC DEVELOPMENT AUTHORITY CONSENT TO ASSIGNMENT OF DEVELOPMENT AGREEMENT AND AUTHORITY TO CONVEY DEVELOPMENT PROPERTY (FBI REGIONAL FIELD OFFICE PROJECT) Executive Director Curt Boganey introduced the item, discussed the history, and stated the purpose of the proposed resolution. 05/24/10 -1- Commissioner Yelich moved and Commissioner Ryan seconded adoption of RESOLUTION NO. 2010 -11 Authorizing Economic Development Authority Consent to Assignment of Development Agreement and Authority to Convey Development Property. The EDA discussed that it has done everything possible to move this project forward and the action tonight is necessary for Barry Real Estate to transfer rights to the Moslasky Group of Companies, Ph LLC, due to financing issues. Mr. Boganey stated if that were to occur, the City would issue a notice of default and Moslasky Group would be allowed a period of time to cure the default. In the event they do not cure the default, the EDA would take necessary legal action. Mr. Boganey advised there is every indication that the project will move forward, noting there have been many conversations with the developer and contractor to review plans and permits. President Willson noted it has been four years since Director of Business and Development Eitel informed the EDA of this project and agreed there is every expectation it will move forward. Motion passed unanimously. 5. ADJOURNMENT Commissioner Lasman moved and Commissioner -Roche seconded adjournment of the Economic Development Authority meeting at 7:52 p.m. Motion passed unanimously. 05/24/10 -2- STATE OF MINNESOTA) COUNTY OF HENNEPIN) ss. Certification of Minutes CITY OF BROOKLYN CENTER) The undersigned, being the duly qualified and appointed Secretary of the Economic Development Authority (EDA) of the City of Brooklyn Center, Minnesota, certifies: 1. That attached hereto is a full, true, and complete transcript of the minutes of a Regular Session of the Economic Development Authority (EDA) of the City of Brooklyn Center held on May 24, 2010. 2. That said meeting was held pursuant to due call and notice thereof and was duly held at Brooklyn Center City Hall. 3. That the Economic Development Authority (EDA) adopted said minutes at its June 14, 2010, Regular Session. cretary President 05/24/10 -3-