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Home My WebLink About1993 01-11 EDAP Regular Session EDA AGENDA CITY OF BROOKLYN CENTER JANUARY 11, 1993 (following adjournment of City Council meeting) 7 p.m. 1. Call to Order 2. Roll Call 3. Approval of Minutes: a. EDA Minutes - December 10, 1992 - Special Session 4. Resolutions: a. Authorizing the Executive Director to Write -off Uncollectible Accounts Receivables b. Designating Depositories of EDA Funds 5. Adjournment CITY OF BROOKLYN CENTER Council Meeting Date January 11, 1993 Agenda Item Number REQUEST FOR COUNCIL CONSIDERATION ITEM DESCRIPTION: EDA MINUTES - DECEMBER 28, 1992 - SPECIAL SESSION DEPT. APPROVAL: Brad Hoffman, E4k Coordinator MANAGER'S REVIEW/RECOMIVIENDATION: No comments to supplement this report Comments below /attached SUMMARY EXPLANATION: (supplemental sheets attached ) RECOMMENDED CITY COUNCIL ACTION 3 a- ,- 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 28, 1992 CITY HALL CALL TO ORDER The Brooklyn Center Economic Development Authority met in special session and was called to order by Presidont Todd Paulson at 8;20 p.m. ROLL CALL President Todd Paulson, Commissioners Celia Scott, Jerry Pedlar, Dave Rosene, and Philip Cohen. Also resent were i M Splinter, EDA Coordinator Brad Hoffman, G Manager tieral d � to P Ci g P City Attorney John Dean, and Council Secretary Nancy Berg. APPROVAL F O O MINUTES DECEMBER 10 1992 - SPECIAL SESSION There was a motion by Commissioner Rosene and seconded by Conimissioncr Scott to approve the minutes of the December 10, 1992, EDA meeting as printed. The motion passed unanimously. DECEMBER 14. 1992 - SPECIAL SESSION There was a motion by Commissioner Rosene and seconded by Commissioner &utt to approve the minutes of the December 14, 1992, EDA meeting as printed. The motion passed unanimously. RESOLUTIONS The City Manager presented a Resolution Authorizing Execution of Purchase Agreement for the Acquisition of 419 69th Avenue North in Brooklyn Center and Authorizing Payment for Acquisition Costs. RES OLUTION NO, 47 C:ommissioncr Rosene introduced the following resolution and moved its adoption: RESOLUTION AUTHORIZING THE PURCHASE OF 6717 AND 6721 HUMBOLDT AVENUE NORTH 12M/92 - 1 - The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Scott, and the motion passed unanimously. ADJOURNMENT There was a motion by Commissioner Scott and seconded by Commissioner Pedlar to adjourn the meeting. The motion passed unanimously. The Brooklyn Ccnter Economic Development Authority adjourned at 8:25 p.m. Todd Paulson, President Recorded and transcribed by: Nancy Dcrg Northern Counties Secretarial Service 12/28/92 - 2 - CITY OF BROOKLYN CENTER Council Meeting Date a-, REQUEST FOR COUNCIL ACTION Agenda Item Number ******************************************* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** ITEM DECRIPTION: RESOLUTION AUTHORIZING THE EXECUTIVE DIRECTOR TO WRITE -OFF UNCOLLECTIBLE ACCOUNTS RECEIVABLES ******************************************* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** DEPARTMENT AP OVAL: PauT Ho m un , Director of Finance ******************************************* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** MANAGER "S REVIEW /RECOMMENDATION: No comments to supplement this report Comments below /attached ******************************************* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** SUMMARY EXPLANATION (supplemental sheets attached) The attached resolution, if adopted by the Board of Commissioners, will • write -off uncollectible accounts receivables for the Earle Brown Heritage Center. Collection efforts by staff have been exhausted and the event accounts have been turned over to a collection agency. Collection efforts will continue by the agency, and with the adoption of the attached resolution, the accounts will be removed from the receivable records and charged off as uncollectible accounts. A memo dated December 17, 1992 from Judith Bergeland, General Manager, is attached. The Memo reviews the details of the events in question. As for the three tenants with outstanding rent, Bruce Neilson did not pay any of rent according to the lease. The tenant also never did occupy the space according the lease. Collection efforts have been exhausted. The Shingle Creek Business Center amount was settled with the E.B.F. Management contract case. The E.D.A. will receive no compensation for the unpaid rent. Sylvan Learning Center is no longer a tenant and under the terms of the settlement, the E.D.A. agreed to write -off the remaining unpaid rent. STAFF RECOMMENDATION --------------- - - - -- Staff recommends the adoption of the attached resolution. SPECIFIC ACTION REQUIRED BY THE BOARD ------------------------------------- Adopt the attached resolution. y� Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO: RESOLUTION AUTHORIZING THE EXECUTIVE DIRECTOR TO WRITE -OFF UNCOLLECTIBLE ACCOUNTS RECEIVABLES ----------------------------------------------- WHEREAS, the Executive Director has reported the following E.B.H.C. accounts receivables are not not expected to be collected. Collection efforts by staff have been exhausted and the account has been turned over to a collection agency. Collection efforts will continue by the collection agency and with the adoption of this resolution, the accounts will be removed from the receivable records and charged off as uncollectible accounts. NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the E.D.A. of Brooklyn Center to authorize the Executive Director to write -off from the E.D.A.'s records as uncollectible the following account receivables: Event Date Due From Event Amount - - - - -- --------------- - - - - -- ------------------- - - - - -- --- - - - - -- 06/06/91 Breck School Senior Class Party $87.50 09/15/90 Health Options & Promotions Promo Event /Rooms at Inn 3,678.56 12/21/91 Korean Association of Minnesota Annual Meeting 411.00 09/09/90 P.R.O. Bridal Bridal Show 225.00 11/18/90 Twin City Bridal, Inc. Bridal Show 427.50 Convention Center Total $4,829.56 Due From Rent Period ------------------ ------- - - - - -- ------------------- - - - - -- Bruce Nielson & Associates Sept. 1990 to March 1991 $1,404.69 Shingle Creek Business Center Oct. 1990 to Dec. 1990 1,275.00 Sylvan Learning Center Settlement Amount 80.00 Office Rental Total $2,759.69 Grand Total $7,589.25 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. CE INN•EXHIBIT HALL CONVENTION CENTER MEMORANDUM TO: Tim Johnson FROM: "Judith L. Bergeland, General Manager i DATE: December 17 1992 SUBJECT: INFORMATION ON OVERDUE ACCOUNTS Following s the requested information concerning written- g n the uncollectible accounts to be q g off. Hopefully, it will be of some help to you in preparing the resolution for the City Council. The overdue balance is in the shaded area. BRECK SENIOR CLASS PARTY - June 6 -7, 1991 Invoiced: July 5, 1991 Event Total: $ 1,525.50 Deposit: 1,000.00 Invoice Total: 525.50 Paid: 438.00 Oagute Alrluunt. 87 50 ..:..:........ :....: Second Notice: September 27, 1992 Letter of Explanation Sent: October 8, 1991 Final Notice: November 27, 1991 HEALTH OPTIONS - September 15 -16, 1990 Invoiced: October 1, 1990 Event Total: $ 6,196.50 Deposit: 1,000.00 Invoice Total: 5,196.50 Second Invoice: October 16, 1990 linvgce Total 3 6T8 5f Final Notice: November 27, 1991 Sent to Minneapolis Collection Bureau Suit Authorized: April 2, 1992 - Now with attorney for legal action 6155 Earle Brown Drive, Brooklyn Center, MN 55430 (612) 569 -6300 FAX: (612) 569 -6320 Tim Johnson December 17, 1992 Page 2 KOREAN ASSOCIATION OF MINNESOTA - December 21, 1991 Invoiced: December 23, 1991 Event Total: $ 1,211.00 Deposit: 800.00 ::'. .:::::: :: :::i::i:!i:i ;::isi;isi:::;;;y:i::i::::: :i::: :::: {:::i::.i: iiiii :........is...........J: ::: In o ..: Tc :T Second:: > N : ..................... ............................... otfice: January 28, 1992 Final Notice: April 2, 1992 Sent on August 4, 1992, to Minneapolis Collection Bureau. They have new contact name whom they are attempting to reach. PRO BRIDAL - September 9, 1990 Invoiced: October 1, 1990 Event Total: $ 1,725.00 Deposit: 1,500.00 ce Total' .... ............................................:::::.:.:.:.:.:::::::.: ...:.:.::...:............:...:. Final Notice: November 27, 1992 - Never picked up from post office Notice returned - no longer in business Sent to Minneapolis Collection Bureau TC BRIDAL - November 18, 1990 Invoiced: November 27, 1990 Event Total: $ 2,074.50 Deposit: 1,500.00 Invoice Total: 574.50 Letter Sent: February 1 1991 balancecl`ustecl ' Letters Sent: March 9 & 31, 1992 Sent on April 2, 1992, to Minneapolis Collection Bureau Final notices will be sent for the following events on December 18, 1992, with payment expected by January 15, 1993. We do expect to receive payment on all of these accounts. Career Dynamics - $ 230.00 Louise Fawcett - 37.50 J. M. Marketing - 95.00 Kruse International - 325.00 Minnesota Special Olympics - 700.00 Tim Johnson December 17, 1992 Page 3 We have set up an invoicing schedule to send out the initial invoice by the second Friday of the following month. The second notice goes out about 45 days later and the final notice by certified mail about 30 days after the second. On the final notice, we give them a due date which is usually within 30 days. Beginning in January 1993, we will be charging 1 1 /2 percent interest on any account over 60 -days old. If you need any additional information or have questions, please do not hesitate to call me. cc: Brad Hoffman CITY OF BROOKLYN CENTER Council Meeting Date January 11, 1993 Agenda Item N=ber REQUEST FOR COUNCIL CONSIDERATION ITEM DESCRIPTION: RESOLUTION DESIGNATING DEPOSITORIES OF EDA FUNDS DEPT. APPROVAL: �tfPn►�Jl��?J- Paul Holmlund, Director of Finance MANAGER'S REVIEW/RECOPAMNDATION: No comments to supplement this report Comments below /attached SL7vD4ARY EXPLANATION: (supplemental sheets attached ) • y� Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO: RESOLUTION DESIGNATING DEPOSITORIES OF EDA FUNDS ------------------------------------------------ BE IT RESOLVED by the Economic Development Authority (EDA) of Brooklyn Center, Minnesota, that the Marquette Bank Brookdale be and is hereby designated as the depository for the funds of the Economic Development Authority of Brooklyn Center, Minnesota. BE IT FURTHER RESOLVED, that First National Bank of Omaha be and is hereby designated as the clearinghouse depository for credit card sales of the Economic Development Authority of Brooklyn Center, Minnesota. The treasurer or assistant treasurer is authorized to deposit EDA funds in the named depositories 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 to the EDA, and approved by the EDA, by said depository. BE IT FURTHER RESOLVED that the persons authorized by the EDA to act for the EDA in any of its business with the depository are any persons holding office from time to time as treasurer and assistant treasurer. All checks drawn upon an account of the EDA shall be signed by both of the above designated persons. BE IT FURTHER RESOLVED that the treasurer is Todd Paulson and the assistant treasurer is Paul W. Holmlund. 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.