The URL can be used to link to this page

Home My WebLink About1994 01-24 EDAP Regular Session EDA AGENDA CITY OF BROOKLYN CENTER JANUARY 24, 1994 (following adjournment of City Council meeting) 1. Call to Order ' 2. Roll Call 3. Approval of Agenda and Consent Agenda -All items listed with an asterisk 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 in its normal sequence on the agenda. r x 4. Approval of Minutes: • a. January 10, 1994 - Regular Session 5. Resolution: • a. Designating Depositories of EDA Funds 6. Adjournment CITY OF BROOKLYN CENTER council Meeting n au Ianuary 24, 1994 Agenda Item Numbe REQUEST FOR COUNCIL CONSIDERATION i ITEM DESCRIPTION: EDA MINUTES - JANUARY 10, 1994 - REGULAR SESSION DEPT. APPROVAL: � r"IF Brad Hoffman, Di Actor of Community Deve op4nv MANAGER'S REVIEW /RECOMMENDATION: - U No comments to supplement this report Comments below /attached SUMMARY EXPLANATION: (supplemental sheets attached ) • RECOMMENDED CITY COUNCIL ACTION MINUTES OF THE PROCEEDINGS OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE Or MINNLS01A REGULAR SESSION JANUARY 10, 1994 CITY HALL CALL TO ORDER The Brooklyn Center Economic Development Authority met in regular session and was called to order by President Todd Paulson at 9:42 p.m. ROLL CALL President Todd Paulson, Commissioners Celia Scott, Dave Rosene, Barb Kalligher, and Kristen Mann. Also present were City Manager Gerald Splinter, City Attorney Charlie LeFevere, and Council Secretary Kathy Stratton. APPROVAL OF AGENDA AND CONSENT AGENDA President Paulson inquired if any Commissioner requested any items be removed from the consent agenda. No requests were made. APPROVAL OF MINUTES D-ECEMBER 20, 1993 - REGULAR SESSION There was a motion by Commissioner Mann and seconded by Commissioner Scott to approve the minutes of the December 20, 1993, EDA meeting as printed. The motion passed nnanimously. RESOLUTIONS The City Manager preGontcd a Resolution Authorizing President and Executive Director to Execute Third -Party Agreement for Year XIX Urban Hennepin County Community Development Block. {"grant Progrtun, RESOLUTION NO, 94 -01 Commissioner Celia Scott introduced the following resglutiQn and moved its adoption: RESOLUTION AUTHORIZING PRESIDENT AND EXECUTIVE DIRECTOR TO EXECUTE THIRD -PARTY AGREEMENT FOR YEAR XIX URBAN HENNEPIN COUNTY COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Barb ,Kallighcr, and the motion passed unanimously. 1/10/94 - 1 - ADJOURNMENT There was a motion by Commissioner Scott and seconded by Commissioner Kalligher to adjourn the meeting, The motion passed unanimously, The Brooklyn Center Economic Development Authority adjourned at 9,43 p.m. Todd Paulson, President Recorded and transcribed by: Kathy Stratton TimeSavcr Off Sitc Secretarial 1/10/94 -2- CITY OF BROOKLYN CENTER Council Meeting Date � it Agenda Item Number REQUEST FOR COUNCIL CONSIDERATION ITEM DESCRIPTION: RESOLUTION DESIGNATING DEPOSITORIES OF EDA FUNDS DEPT. APPROVAL: N, Charlie Hansen, Finance Director MANAGER'S REVIEW/RECOAMENDATION. '�'`' °`` YZK� No comments to supplement this report Comments below /attached SUNEM ARY EXPLANATION: (supplemental sheets attached ) 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 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. RECOMMENDED EDA COMMISSION ACTION Passage of the attached resolution. 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 Todd Paulson and the assistant treasurer is Charles R. Hansen. Date Todd Paulson, 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.