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Home My WebLink About1992 10-26 EDAP Regular Session EDA AGENDA CITY OF BROOKLYN CENTER OCTOBER 26, 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 13, 1992 - Special Session 4. Discussion Item: a. Apartments Located at 6525, 6527 and 6529 Willow Lane (Irwin Ketroser, Owner) 5. Resolution: a. Amending Economic Development Authority Resolution Nos. 92 -03 and 92 -22 and to Enter into an A.C.H. Agreement with First of Omaha for Credit Card Sales at the Earle Brown Heritage Center 6. Adjournment CITY OF BROOKLYN CENTER Council Mecting Date October 26, 1992 Agenda Item Number REQUEST FOR COUNCIL CONSIDERATION **** x** x*** xx*** xx***** xxx* x***** xxxx********* xxx* xx**** * * * * * * * * * *xxx * *xxx * *x * *xxxx *xx* ITEM DESCRIPTION: EDA MINUTES - OCTOBER 26, 1992 - SPECIAL SESSION DEPT. APPROVAL: a Brad Hoffman, Coordinator .r ;r MANAGER'S REVIEW/RECOAMENDATION: No comments to supplement this report Comments below /attached ** xxx*** xxx************ x* x***** x** xx************** x* xxxx *x *xxxxxxxxxxxx * *xx * *x * * *xxxx ** . SUAWLARY EXPLANATION: (supplemental sheets attached ) RECOMMENDED CITY COUNCIL ACTION 3 , i MINUTES OF THE PROCEEDINGS OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF 13ROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA SPECIAL SESSION OCTOBER 13, 1992 Cl l' Y HALL CALL TO ORDER The Brooklyn Center Economic Development Authority met in special session and was called to order by President Todd Paulson at 9:46 p,m, ROLL CALL President Todd Paulson, Commissioners Celia Scott, Jerry Pedlar, Dave Rosene, and Philip Cohen. Also present were City Manager Qerald Splinter, EDA Coordinator Brad Hoffman, Assistant EDA Coordinator Tom Bublitz, City Attorney Charlie LeFevere, Director of Planning and Inspection Ron Warren, and Council Secretary Nancy Berg. APPROVAL OF MINUTE SEPTEMBER 28, 1992 - SPECIAL SESSION There, was a motion by Commissioner Scott and seconded by Commissioner Pedlar to approve the minutes of the September 28, 1992, EDA meeting. The motion passed unanimously. RESOLUTION The City Manager presented a Resolution Authorizing Execution of Purchase Agreement for the Acquisition of 6601 Bryant Avenue North in Brooklyn Center and Authorizing Payment for Acquisition Costs, P 2ESOLUTION NO. 92 -36 Memhc;r Dave Rosenc introduced the following resolution and moved its adoption: RESOLUTION AUTHORIZING EXECUTION OF PURCHASE AGREEMENT FOR THF. ACQUISITION OF 6601 BRYANT AVENUE NORTH IN BROOKLYN CENTER AND AUTHORIZING PAYMENT FOR ACQUISITION COSTS The motion for the adoption of the foregoing resolution was duly seconded by Member Celia Scott, and the motion passed unanimously. 10/13/92 - 1 - The City Manager presented a Resolution Accepting Quotations and Awarding Contract for Demolition of 5206 Drew Avenuc North. Commissioner Pedlar asked staff noti the Fir Department as it would be good solid to notify e p g training for the department. The City Manager stated both the Fire and Police Dc;partuielYts are notified, RESOLUTION NO. 92 -37 Mcmbcr Colia Scott introduced the follpwing resolution and moved its adoption: RESOLUTION ACCEPTING QUOTATIONS AND AWARDING CONTRACT FOR DEMOLITION OF 5206 DREW AVENUE NORTH The motion for the adoption of the foregoing resolution was duly seconded by Member Dave Rosene, and the motion passed unanimously. AI7J URNMENT There was a motion by Commissioner Scott and seconded by Commissioner Pedlar to adjourn the mQcting. The motion passed unanimously. The Brooklyn Center Economic Development Authority adjourned at 9:50 p.m. Todd Paulson, President Recorded and transcribed by: Nancy Borg Northern Counties Secretarial Services 10/13/92 -2- CITY OF BROOKLYN CENTER Camca Meeting Date 10/26/92 Agenda Item Numbcr REQUEST FOR COUNCIL CONSIDERATION ITEM DESCRIPTION: DISCUSSION ITEM: APARTMENTS LOCATED AT 6525, 6527 AND 6529 WILLOW LANE (IRWIN KETROSER, OWNER) DEPT. APPROV . ` 2ilf Brad Hoffmlh, EDA Coordinator MANAGER'S REVIEW/RECONMENDATION: No comments to supplement this report Comments below /attached 6SUNIMARY EXPLANATION: (supplemental sheets attached No) On Monday evening, I believe the EDA should reconsider the acquisition of Irwin Ketroser's apartment buildings on Willow Lane. As you will recall, at our July workshop the EDA decided not to acquire the property primarily because it was felt that the cost was too high ($375,000), and would reward the owner for his management of the apartment. Last week, Mr. Ketroser called me and asked if the EDA would consider our (staff's) original offer of $335,000. I have told Mr. Ketroser that I would present the request to you. I believe that, at this price, the EDA should acquire this particular property. It is in the long -term best interest for the redevelopment of the area to control this property and it eliminates a major source of blight for the area. The current occupancy rate for the building is approximately 90 %. I will be available Monday evening to discuss this matter in greater detail with you. O RECOMMENDATION : ECONOMIC DEVELOPMENT AUTHORITY Council Meeting Date /o /;Z( 19 REQUEST FOR COUNCIL ACTION Agenda Item Number SCI ITEM DECRIPTION: RESOLUTION AMENDING ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NOS. 92 -03 AND 92 -22 AND TO ENTER INTO AN A.C.H. AGREEMENT WITH FIRST OF OMAHA FOR CREDIT CARD SALES AT THE EARLE BROWN HERITAGE CENTER ******************************************* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** DEPARTMENT A M OVAL: Paul Ho m un , Director of MANAGER'S REVEIW /RECOMMEN TION: Atft&A No comments to supplement this report Comments below /attached SUMMARY EXPLANATION (supplemental sheets attached) Resolution 92 -03 designates First National Bank of Omaha as a depository of funds for the Economic Development Authority. First National Bank of Omaha is the clearinghouse bank for funds from credit card sales of the Earle Brown Heritage Center. Resolution 92 -22 authorizes and directs First National Bank of Omaha to accept the signature of the Assistant E.D.A. Treasurer. It is now possible to deposit the credit card sale funds directly to Marquette Bank Brookdale using an A.C.H. transfer from First of Omaha. This would eliminate the need for writing checks on the account with First National Bank of Omaha. STAFF RECOMMENDATION: Staff recommends closing the First National Bank of Omaha checking account and entering into the attached A.C.H. agreement. This will reduce the staff time needed in reconciling the accounts and funds will be available to the E.D.A. in a shorter period of time. Passage of the attached resolution and the President signing the attached A.C.H. agreement. Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO: RESOLUTION AMENDING ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NOS. 92 -03 AND 92 -22 AND TO ENTER INTO AN A.C.H. AGREEMENT WITH FIRST OF OMAHA FOR CREDIT CARD SALES AT THE EARLE BROWN HERITAGE CENTER ------------------------------------------------------ BE IT RESOLVED by the Economic Development Authority (EDA) in and for the City of Brooklyn Center that the EDA enter into an A.C.H. agreement with First of Omaha for credit card sales at the the Earle Brown Heritage Center. All credit card sales would be deposited directly to Marquette Bank Brookdale using an A.C.H. transfer. 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. A.C.H. AGREEMENT SALE DATE SOURCE SALESMAN M.I.D.# W NAME /1 �L L BI D W OC ADDR W 1C 2 CITY b L G T R ST M N ZIP � a s 3 3$ CONTACT: CI N N 4% Q � I DATEINPUT DATE SENT D/ TO FNBO D INPUT BY I/We ( "MERCHANT ") authorize First National Bank of Omaha (D /B /A First of Omaha Merchant Processing) ( "FNBO ") to initiate debit or credit entries to the account indicated below. This authority is to remain in effect until FNBO receives written notification from MERCHANT. This authorization is for the purpose of payment for bankcard sales and returns, chargebacks, discounts, rejects, fees and miscellaneous charges, associated with bankcard sales, returns, chargebacks, rejects and discounts. MERCHANT also certifies that the appropriate partnership, proprietorship and /or corporate resolutions are in place allowing for participation in this service and authorizing signer to execute this agreement on behalf of the MERCHANT. All changes to the below described account designation need to be made in writing and signed by the authorized signer set out below and sent to FNBO. ECONOMIC DEVELOPMENT.AUTHORITY OF BROOKLYN CENTER O Q 25 75 -1674 fi301 SHINGLE GREEK PARKWAY 910 BROMYN; CENTER MN 55430 r� NUMBER r -�.E ✓* DATE,! ,PAY a a' n AMOUNT mks a TO THE m "'ORDER".""', ' y si mg' * v z a m OF RX KTI 5820 11 '00472511' 1:09 10 16 7441: 10411 587L11' NAME OF ACCOUNT: ECONolh IC. 06o di &Y r AWTHOOL CEV Q IC 81k" ft -L) Cd/VTWR /HAJ MRIA PAYMENT TYPE ❑ (A = ACH; D = AUTO DDA; B = Both) AUTO DDA: FNBO DDA DEP AUTO ACH: ACH DEP GL LUFFLI I I I I GL DDA T/C ABA RTG # ADVICE: DDA ❑ ACH ❑ NONE ❑ ACCT TYPE: CHK ❑ SVG ❑ ACH SPECIALS: NET SETTLE (Y /N) ❑ SETTLE CODE (2 DAY /1 DAY) ❑ ACH TYPE ❑ HOLD STATUS 11 PRENOTE EFFECTIVE DATE AUTHORIZED SIGNER OF ACCOUNT SIGNATURE (MERCHANT) SIGNER'S NAME (PLEASE PRINT) DATE OF SIGNATURE SIGNER'S TITLE 4