HomeMy WebLinkAbout1992 11-09 HRAP EDA AGENDA
CITY OF BROOKLYN CENTER
NOVEMBER 9, 1992
(following adjournment of City Council meeting)
7 p.m.
1. Call to Order
2. Roll Call
3. Approval of Minutes:
a. EDA Minutes - October 19, 1992 - Work Session
b. EDA Minutes - October 26, 1992 - Special Session
4. Resolution:
a. Approving Development Agreement with Evergreen
Development Corporation
5. Adjournment
HRA AGENDA
CITY OF BROOKLYN CENTER
NOVEMBER 9, 1992
1. Call to Order
2. Roll Call
3. Resolution:
a. Approving Development Agreement with Evergreen
Development Group
4. Adjournment
CITY OF BROOKLYN CENTER Council Meeting Date November 9. 1992
Agenda Item Number
REQUEST FOR COUNCIL CONSIDERATION
ITEM DESCRIPTION:
RESOLUTION APPROVING DEVELOPMENT AGREEMENT WITH EVERGREEN
DEVELOPMENT GROUP
DEPT. APPROVAL:
Brad Hoffman, H oordinator
MANAGER'S REVIEW/RECOABONDATION: �
No comments to supplement this report Comments below /attached
SUMMARY EXPLANATION: (supplemental sheets attached
Any questions on this item will be discussed in the Council meeting.
.A
I '
I
F
i
Commissioner introduced the following resolution and
moved its adoption:
HRA RESOLUTION NO.
RESOLUTION APPROVING DEVELOPMENT AGREEMENT WITH EVERGREEN
DEVELOPMENT GROUP
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Brooklyn Center ( "HRA ") is the owner of certain real property in the City of
Brooklyn Center legally described as Tract B, registered land survey 1603,
Hennepin County, Minnesota (the "Development Property "); and
WHEREAS, the Economic Development Authority in and for the City of
Brooklyn Center ( "EDA ") has undertaken a program to promote the development of
housing within the City pursuant to Minnesota Statutes, Sections 469.090 to 469.108,
and in connection therewith is engaged in carrying out a housing development
project (the "project ") in an area (the "Project Area ") in the City; and
WHEREAS, there has been prepared and approved by the EDA and the City
Council a plan for the Project; and
WHEREAS, in connection with the Project, the EDA and City have created a
tax increment district within the Project Area pursuant to Minnesota Statutes,
Sections 469.174 to 469.179; and
WHEREAS, Evergreen Development Group, a North Dakota partnership (the
"Developer ") has offered to purchase the Development Property and construct
thereon 90 units of multi- family housing to be rented to elderly persons, all pursuant
to a proposed Development Agreement by and between the Developer, the City, the
EDA and the HRA (the "Development Agreement"); and
WHEREAS, the HRA has reviewed the Development Agreement and determined
that the sale of the Development Property and the development thereof in accordance
with the Development Agreement is in the best interests of the City and its citizens;
NOW, THEREFORE, BE IT RESOLVED that the Housing and Redevelopment
Authority hereby approves the Development Agroement and authorizes and directs
that the Chairman and Executive Director executo the Development Agreement and
take such other and additional steps as may be necessary to carry out the terms
thereof.
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.