HomeMy WebLinkAbout1990 12-03 EDAP Regular Session EDA AGENDA
CITY OF BROOKLYN CENTER
DECEMBER 3, 1990
(following adjournment of City Council meeting)
1. Call to Order
2. Roll Call
3. Approval of Minutes:
a. October 15, 1990 - Special Session
4. Resolutions:
a. Accepting Final Relocation Claim for 6730 Perry Avenue
North and Authorizing Payment
b. Accepting a Proposal for a Commercial /Industrial Study
5. Adjournment
� ` r
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
SPECIAL SESSION
OCTOBER 15, 1990
CITY HALL
CALL TO ORDER
The Brooklyn Center Economic Development Authority met at 8:07 p.m. and was
called to order by President Dean Nyquist.
ROLL CALL
President Dean Nyquist, Commissioners Todd Paulson, Jerry Pedlar, and Philip
Cohen. Also present were EDA Director Gerald Splinter, Director of Public Works
Sy Knapp, Finance Director Paul Holmlund, Director of Planning and Inspection
Ron Warren, City Attorney Charlie LeFevere, EDA Coordinator Brad Hoffman, EDA
Assistant Coordinator Tom Bublitz, and Administrative Aide Patti Page.
APPROVAL OF MINUTES - SEPTEMBER 10 1990 SPECIAL SESSION
There was a motion by Commissioner Cohen and seconded by Commissioner Paulson to
approve the minutes of the September 10, 1990, Economic Development Authority
meeting. The motion passed unanimously.
RESOLUTIONS
The EDA Director presented a Resolution Approving One (1) Brooklyn Center
Economic Development Authority Grant (File No. H83).
RESOLUTION NO. 90 -09
Commissioner Jerry Pedlar introduced the following resolution and moved its
adoption:
RESOLUTION APPROVING ONE (1) BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY
GRANT (FILE NO. H83)
The motion for the adoption of the foregoing resolution was duly seconded by
Commissioner Todd Paulson, and the motion passed unanimously.
The EDA Director presented a Resolution Closing the Earle Brown Restoration
Project No. 89 -02. The EDA Coordinator noted there were two corrections which
should be made to the memo and explained these to the Commissioners.
Commissioner Paulson inquired what types of items would be covered under the
punch list. The EDA Coordinator stated it would be small detail items like
replacement of dead shrubs or trees. President Nyquist inquired if this
includes the basement in the Heritage Center. The EDA Coordinator stated
completion of these rooms was never contemplated under the original project.
RESOLUTION NO 90 -10
Commissioner Philip Cohen introduced the following resolution and moved its
adoption:
i
10/15/90 -1-
RESOLUTION CLOSING THE EARLE BROWN RESTORATION PROJECT NO. 89 -02
The motion for the adoption of the foregoing resolution was duly seconded by
Commissioner Todd Paulson, and the motion passed unanimously.
The EDA Director stated there seems to be a need for additional breakout space
in the basement of the Heritage Center. The EDA Coordinator noted that people
have actually rented draperies to finish the room so that they could use it for
different conventions. He noted the completion of these rooms had never been
contemplated in the restoration project. He noted this evening he is looking
for some direction from the EDA.
Commissioner Paulson inquired if this would mean additional revenue for the
Heritage Center. The EDA Coordinator stated it is insignificant because it
becomes part of the package that you are selling. He stated it is difficult to
set a value on this area; however, it is one of the shortfalls of the convention
center. Commissioner Pedlar inquired if we have lost money because of the
shortage of space. The EDA Coordinator stated at this point we have not lost
money, but it will cost us business at some time. Commissioner Pedlar inquired
if there would be any cost involved in obtaining estimates for professional
fees. The EDA Coordinator responded negatively. Commissioner Paulson stated
although he feels a need for breakout room, he is uncertain of committing the
future City Council to the use of the basement.
There was a motion by Commissioner Cohen and seconded by Commissioner Pedlar
authorizing staff to develop cost estimates for completion of the breakout
room /Council Chambers in the Heritage Center basement. The motion passed
unanimously.
The EDA Coordinator stated there are approximately $150,000 in tenant
improvements to be done to the D barn. He added that EBF Management has a
potential tenant for the G barn, but the lease would not retire the cost for
replication of that building. He stated he recommends that promotion of the G
barn be halted until the tax increment district can support the rebuilding.
There was a motion by Commissioner Pedlar and seconded by Commissioner Cohen
authorizing staff to not proceed with replication of the G barn and further
authorizing tenant improvements in the D barn when it is economically feasible.
The motion passed unanimously.
The EDA Director presented a Resolution Authorizing Execution of Purchase
Agreement for the Acquisition of 6730 Perry Avenue North, Brooklyn Center,
Accepting Relocation Claim Form and Authorizing Payment for Acquisition Costs
and Relocation Costs.
RESOLUTION NO 90 -11
Commissioner Philip Cohen introduced the following resolution and moved its
adoption:
RESOLUTION AUTHORIZING EXECUTION OF PURCHASE AGREEMENT FOR THE ACQUISITION OF
6730 PERRY AVENUE NORTH, BROOKLYN CENTER, ACCEPTING RELOCATION CLAIM FORM AND
AUTHORIZING PAYMENT FOR ACQUISITION COSTS AND RELOCATION COSTS
10/15/90 -2_
r
The motion for the adoption of the foregoing resolution was duly seconded by
Commissioner Jerry Pedlar, and the motion passed unanimously.
ADJOURNMENT
There was a motion by Commissioner Pedlar and seconded by Commissioner Cohen to
adjourn the meeting. The motion passed unanimously. The Brooklyn Center
Economic Development Authority adjourned at 8 :36 p.m.
President
10/15/90 -3-
CITY OF BROOKLYN CENTER Council Meeting Date 12-3-90
Agenda Item Number
REQUEST FOR COUNCIL CONSIDERATION
ITEM DESCRIPTION:
Resolution Accepting the Final Relocation Claim Form for 6730 Perry Avenue North and Authorizing Payment
for the Final Relocation Costs
DEPT. APPROVAL: _-
Assistant EDA Coordinator
Signature - title
MANAGER'S REVIEW /RECOMMENDATION: �•`'�'��' k °r
5
No comments to supplement this report Comments below /attached
SUMMARY EXPLANATION: (supplemental sheets attached yes )
• The total cost for acquisition and relocation benefits for 6730 Perry Avenue North is $64,269.18. This represents
$43,000 for acquisition, and $21,269.18 paid in relocation benefits as required under the Uniform Relocation
Assistance and Real Property Acquisition Policies Act of 1970 as amended.
L,
Commissioner introduced the
following resolution and moved its adoption:
I
EDA RESOLUTION NO.
RESOLUTION ACCEPTING THE FINAL RELOCATION CLAIM FORM FOR
6730 PERRY AVENUE NORTH AND AUTHORIZING PAYMENT FOR THE
FINAL RELOCATION COSTS
WHEREAS, on October 15, 1990, the Brooklyn Center
Economic Development Authority approved Resolution 90 -11
authorizing execution of the purchase agreement for the
acquisition of 6730 Perry Avenue North Brooklyn Center, accepting
q Y � Y � P g
relocation claim form and authorizing payment for acquisition
costs and relocation costs; and
WHEREAS, Resolution 90 -11 authorized payment of
$19,881.10 in relocation benefits to the owner of 6730 Perry
Avenue North in Brooklyn Center; and
WHEREAS, Resolution 90 -11 acknowledged an amount to be
paid in addition to the $19,881.10 for eligible replacement home
settlement /closing costs as required by the Uniform Relocation
Assistance and Real Property Acquisition Policies Act of 1970 as
amended; and
WHEREAS, Conworth, Inc. has prepared a final relocation
claim form in the amount of $1,388.08 for eligible replacement
home settlement /closing costs.
NOW, THEREFORE, BE IT RESOLVED by the Brooklyn Center
Economic Development Authority that:
1. The final relocation claim form for $1,388.08 for
eligible replacement home settlement /closing costs
is hereby approved.
2. The Brooklyn Center Economic Development Authority
authorizes payment of $1,388.08 to Mary F. Lee,
2926 68th Lane North, Brooklyn Center, Minnesota.
Date 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.
FINAL RESIDENTIAL RELOCATION CLAIM
REPLACEMENT HOUSING PAYMENT
` NOVEMBER, 1990
I
MARY F. LEE
6730 PERRY AVENUE NORTH
BROOKLYN CENTER, MN
L
L ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER
CDBG- FUNDED ACQUISITION
CONWORTH, INC.
CONWORTH, INC.
4725 Excelsior Blvd.
Suite 200
Minneapolis, MN 55416
(612) 929 -0044
November 20, 1990
Mr. Tom Bublitz
EDA Assistant Coordinator
City of Brooklyn Center
6301 Shingle Creek Parkway
Brooklyn Center, MN 55429
Subject: Final Replacement Housing Payment Claim
Mary F. Lee, 6730 Perry Avenue North, Brooklyn Center
CDBG- Funded Acquisition
Dear Mr. Bublitz:
Enclosed please find two executed copies of the final Relocation
Claim booklet covering the supplemental closing and interest
differential replacement housing payments for Mary Lee, former
homeowner /occupant of the above - referenced property.
We have reviewed the claim documentation submitted by Ms. Lee and
have assembled the enclosed booklets for your review and
approval. We believe all is in accordance with applicable
Uniform Act as amended and CDBG relocation regulations.
Upon the EDA's approval of this final claim, please make payment
to Mary F. Lee in the amount of One Thousand Three Hundred Eight-
Eight Dollars and Eight Cents ($1,388.08). The check should be
mailed directly to Ms. Lee at her new address: 2926 68th Lane
North, Brooklyn Center, MN.
If you should have any questions regarding the enclosed, please
don't hesitate to call. Processing and payment of this claim by
the EDA of Brooklyn Center should complete Mary Lee's relocation
transaction.
Sincerely,
Sandra G. Lueg
Relocation Con ultant
sl
Enclosures
f
Redevelopment Acquisition /Relocation
EXHIBITS
1 SUMMARY
2) CLAIM FOR REPLACEMENT HOUSING PAYMENT
3) NARRATIVE ON REPLACEMENT HOUSING PAYMENT FOR HOMEOWNERS,
INDIVIDUALIZED COMMENTS, AND RELATED DOCUMENTATION
4
CERTIFICATION OF CLAIM
5) QUALIFICATIONS OF RELOCATION CONSULTANT
t
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CONWORTH, INC.
SUMMARY
Claimant Name: Mary F. Lee
Project Site Address: 6730 Perry Avenue North, Brooklyn Center,
MN
Replacement Home Address: 2926 68th Lane North, Brooklyn.
Center
Type of Claim: Supplemental Replacement Housing Payment for
Homeowners of Over 180 -Days
Full Relocation Benefits Summary:
Fixed Move Expense $ 1,050.00
Differential Sum Replacement
Housing Payment $17,500.00
Mortgage Interest Differential
Sum Replacement Housing Payment $ 1,436.74
Incidental (Closing) Costs Sum
Replacement Housing Payment $ 1,282.44
Total Amount Relocation Benefits: $21,269.18
Less Amounts Paid Previously: $19,881.10
Total Due This Final Claim: $ 1,388.08
Mail Payment To: Mary F. Lee
2926 68th Lane North
Brooklyn Center, MN 55430
CONWORTH, INC.
- `aaim for Replacement Housing Payment U.S. Dr n DD e e of Housing
and Urbaan evelopment
I Dr 180 -Day Homeowner 6 1 r
OMB Approval Ile. 2506 -0016 (oxp. 11/30190)
Agency Use Only _
Number
a of Agency Economic Development i Project Name or Number 1 Caso
Authori ty of Brooklyn ( n 1 QDBG Funding - — 1
'ablie reporting burden for this collection of Information is estimated to nverngo 1 0 hour per responso, Indudmg ilia limn for reviewing Instructions, searching existing data so-lices.
ttharing and mnininining the data nnoded, and comp!nring and revinwing ilia collection of information. Send cnnonrnts rrgcuding this hurdnn ostimnta nr any other nspeet of this
ilicUion of information, inrluding su09nstions for reducing this burdnn, to ihn flrports AlanagQrrtrnt Oiltr;cr, OII!ur of Inlorrnalion Policies and Sysicnls, U.S. Uapnrfnlent of ifousing
and Urban Uevelopment, Washington, U.C. 20410 3600 and to Iho Office of Management and Oudgel, Paperwork fleduction Project (25 0016 Washington, U.C. 20503.
Privacy Act tiollco: This inlormatinn is needed to determine whether you are eligible to receive a replar-rrnent housing poymnnt for a 100 day homeowner. You arc not required by
w to lumish this Information, but if you do not provide it, you may nol receive tilts payment or it may take longer to pay you. Ihis Inlorntatinn is heing collected under the authority of
e Uniform f1clocation Assistance and Iteal Property Acquisition Policies Act of 1970. the frdormalion may be made avnitnblo to a I odoral agency for review.
Insitucllons. This form is for the use of families and individuals applying for a replacement housing payment for a 13n-day homeowner. The Agency will
help you complete this form. If the full amount of your claim is not approved, the Agency will provide you with a wrist !planation of the reason. If you are
ht satisfied with the Agency's determination, you may appeal that determination. The Agency will explain how to make an appeal.
Your Namo(s) (You are Ilia Clainiant(s)) 1� 7 3U m M :riling Addross(us) of C aimant(s) lb. lolophono Numbor(s)
tJ erry Avenue North
Ma ry F. L e e - - -- - -- _- Brooklyn Ce nter, MN - -__ -_ _(6_ 566 -4523
Have all members of the household moved to the same dwelling? Yes ® No (It - no - , attach a list of the names of all members
and the address to which they moved.)
When did you when dirt you When did you
Dwelling Address buy movo to move out of
this unit? this Unit? this unit?
v. Unit That You 6730 Perry Avenue North
Moved From Br ooklyn Ce nter_, M 554 - 7-14-72 7 -14 - 7 2 11 -5 -90
Unit That You 2926 68th Lane North
Moved To Brooklyn Center MN 55430 11 -1 -90 11 -2 -90
S. Computation o f Repl ac e ment Hous Paym
Item To be Completed For Agency
by Claimant Use Only
Purchase Price of Comparable Replacement Dwelling
(To be provided by the Agency) $ 60, 500.00 $
Purchase Price of the Unit You Moved To 64 900.00
1 1) Lesser of line (1)or (2) 60,500-00
t ,l) Price Paid by Agency for Unit that You Moved From 43 ,000.00
r) Difierenlial Amount (Subtract line (4) from lino (3).
It amount on line (4) exceeds amount on lino (3), enter o) 17,500-00 -
(6) Incidental Expenses (From line (16) of item 12)
- -- - - -- - - -- 1, -- —
r) Morigago 13uydown Payment and Other Debt Service Costs
(To be determined by Agency. See instructions in item 13) _ 1,436.74
(8) Total Amount of Replacement Housing Payment Claim
(Add fines (5), (6), and (7)) $ 20,219.18 $
)) Amount Previously Received, if any
18 831.10
10) Amount Requested (Subtract line (9) from tine (0)) $ $
Certlficntion by Clalmnni(s)
Warning: I( you knowingly make a (also statement on this form, you may be subject to civil or criminal penalties under Section 100( of Title 18 of the United
Slates Cade. In addition, you may not receive any of Ole amounts claimed on this form.
certify that t11is claim and supporting Information arc true and complete and that I have not been paid for these expenses from any other sour
Date
L ignalufc(s) of Ctaimnnt(s) - -- - - - - - ---
11 -20 -90
o Be_ C_om Icled b A enc - -- - - -- - — - - -- - -- -- -- - --
- �p lete d - Y- 9 - -- -Y --
rteUive Dale of E69biiily a. Dale of naloral to 9. Data nr9laoomnnl Owmiling InspeUod
Rebca!on Assistance noplicornont Dvolhng and Found Docent. Sale and Sanitary
8 -16 -90 I. - - -- - -- - -- - _ 9 -4 _9 —� 14 =
Payment Action Amount of Payment Sig tutu Name (Typo or Print) Da
-- -- — — -
0. Recommended: $ 1 _388.08 �_ ` Sandra G. Luegge
rnnwort -h TTY,
11. Approved: $
Page 1 of t form HUU -40057 (1 ^O)
rut 11.1-il 1 "'
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Replacement Housing Payment for Homeowners
Under the 1989 regulations of the Uniform Relocation and Real
Properties Act of 1970, as amended, displaced homeowners who have
occupied their project dwelling 180 days prior to the agency's
initiation of negotiations to purchase same are eligible for a
Replacement Housing Payment for Homeowners. The remaining
eligibility requirement is that the claimants must purchase and
reside in a decent safe and sanitary replacement house within
P
one year from the date of vacation from the project, or receipt
of the final payment for the project site, whichever is later.
The statutory maximum for this benefit is $22,500.00, and there
are three components to be considered in determining an
entitlement.
The first component is the difference between the acquisition
price paid by the agency for the project site property, and
either the actual cost of the replacement home or a comparable
home, whichever is less. A study of similar housing available in
the area was undertaken to establish the comparable figure in the
calculation. Available properties were selected for this
purpose, and one of these was designated as being most
comparable. The Notice of Relocation Eligibility found at a
later Exhibit of this booklet lists the specific properties
considered.
Increased mortgage interest costs are next considered for
payment. This component is intended to help the displacees who
will encounter the loss of favorable financing because of the
project activities. It is only utilized when the interest rate
on the replacement dwelling exceeds the interest rate on the
displacement dwelling. The payment is based on the lesser of
either the remaining term and mortgage balance of the project
site or of the new property. Debt service costs are also
included but are limited to the unpaid mortgage balance on the
displacement dwelling or the new mortgage amount, whichever is
less.
The last component of the Replacement Housing Payment is
reimbursement of incidental expenses associated with the purchase
of the replacement dwelling. Reasonable and necessary costs such
as legal fees, credit report, or title insurance, incurred at
closing on the replacement home can be paid under this benefit.
In conclusion the differential amount the increased interest
amount, and the incidental costs can be paid up to the $22,500.00
maximum replacement housing allowance.
E
CON`VORTH, INC.
REPLACEMENT HOUSING PAYMENT FOR HOMEOWNERS
Claimant Name: Mary F. Lee
Project Site Address: 6730 Perry Avenue N., Brooklyn Center, MN
Replacement Site Address: 2926 68th Lane North, Brooklyn Center,
MN
Computation
1) Adjusted Price of Comparable $ 60,500.00
2) Actual Price of Replacement $ 64,900.00
3} Lesser of #1 or #2 Above $ 60,500.00
4) Acquisition Price for Project House $ 43,000.00
5) Differential Amount ( #3 minus #4) $ 17,500.00
6) Closing Costs $ 1,282.44
7) Increased Mortgage Interest Costs
and Eligible Buyer Points $ 1,436.74
- 8) Total of #5, #6, #7 $ 20,219.18
9) Less Amounts Paid on Previous Claim $ 18,831.10
10) Balance Due This Final Claim $ 1,388.08
Mary Lee had two mortgages on her project site: the 1st mortgage
through Citicorp, with an interest rate of 7.50, with a principal
balance at the time of the City's acquisition of $7,745.99; and
the 2nd mortgage through Marquette Banks, with an interest rate
of 130, in the payoff amount of $5,167.07. See the following
pages for a detailed listing of closing costs and eligible points
for this homeowner's replacement home purchase.
In summary, Conworth, Inc. recommends that the Economic
Development Authority of Brooklyn Center make final payment in
the amount of $1,388.08 to Mary F.Lee to complete her eligible
Replacement Housing (Purchase Supplement) benefits under the
Uniform Relocation Act, as amended.
CONWORTH, INC.
Mary F. Lee - Summary of Closing Expenses
i � Ms. Lee's Total Settlement Charges
I (From TRW's Settlement Statement) $ 2,366.68
Plus Owner's Title Insurance Charges
(Paid by Ms. Lee at the Closing) 195.00
Total Buyer Closing Costs $ 2,561.68
Less Seller's Credit Toward
Buyer's Closing Costs $ (500.00)
Net Actual costs to Buyer
(Mary Lee's Actual Closing Costs) $ 2,061.68
Reimbursable Costs Under the Uniform Relocation
Regulations:
Loan Origination Fee and Buyer Loan
Discount Points (Computed under
Mortgage Buy -down and Debt Service
Payment) $ 604.01
Appraisal Fee $ 295.00
Credit Report $ 45.00
Tax Service $ 75.00
Underwriting Fee $ 150.00
Settlement Fee $ 225.00
Title Insurance (pro -rated to the
$60,500 comparable purchase amount) $ 346.75
Name Search Fee $ 25.00
House Location Certificate (Survey) $ 50.00
Recording Fees $ 31.00
State Tax - Mortgage Registration
(based on $2.30 per $1,000 of total
project mortgage amount *) $ 29.69
Conservation Fee $ 10.00
Total Closing Costs and Buyer
Points Eligible for Reimbursement $ 1,886.45
CONWORTH, INC.
* Project mortgage pay -off amounts were confirmed verbally by
the City Attorney; Citicorp (1st mortgage) _ $7,7.45.99 and
Marquette Banks (2nd mortgage) _ $5,167.07, for a total of
$12,913.06.
c
CONWORTH INC.
SETTLEMEN I S I A I EMEN l L j !NA 2, u lMNA ]Xl l CONV UNINS
<.
J TRW REAL ESTATE LOAN SERVICES llitNUMN 1 IOANNUMnCI: ""
10026010 1843390
M. M 111GAOt INS. CASE: NO,
NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement
agent are shown. Items marked " 1p.o.c.) • were paid outside the closing; they are shown here for informational 1
purposes and are n inclu in the totals.
y 1. NAME AND ADDRESS MARY F. LEE
(! OF BORROWER 6730 Perry Avenue North
Brooklyn Center, MN 55429
+ NAME AND ADDRESS JAMES A. PETERSEN and MARGARET C. PETERSEN
OF SELLER
. NAME AND ADDRESS Sunbelt National Mortgage Corporation
OFIENDER 2845 North Hamline Ave., #231
Roseville, MN 55113
PROPERTY 2926 68th Lane North
LOCATION: Brooklyn Center, MN 55429
SETTLEMENT AGENT: TRW Real Estate Loan Services
PLACE OF SETTLEMENT: 1120 E 80th Street, Suite 109
Bloomington, MN 55420
SETTLEMENT DATE: 11/ 1/90 Disburse Date: 11/ 1/90
SUMMARY OF BORROWER'S TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION
1
00. GROSS AMOUNT DUE FROM BORROWER: - _ _ - 400. GROSS AMOUNT DUE TO SELLER:
11. Contract sales price 64 , 900.00 401. Contract sales price 64, 900.00
I )2. Personal property 402. Personal property
1 33. Settlement charges to bottom: 2,366.68 401
(Tram Tone 14D0) -
X Pro -rate 1990 taxes 99.44404 Pro -rate 1990 taxes 99.44
35. 405. 1
ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE: ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE:
106. City /town taxes to 406. City /town taxes to
107. County taxes to 401. County taxes to
1 106. Assessmalts. • to 409. Assessments to
109. 409,
I 110. 410.
1 111, 411
112. 412.
x ?0. GROSS AMOUNT DUE FROM BORROWER: ) 420. GROSS AMOUNT DUE TO SELLER: / 64 999.44 i
lo. AMOUNTS PAID BY OR IN BEHALF OF BORROWER: 500, REDUCTIONS IN AMOUNT DUE TO SELLER:
11. Deposit or earnest money 150.00 501. Excess deposit (see instructions)
12. Priruipal arnamt of new loan(s) 20, 000.00 502. Settlement charges to seller (line 1400) 704.50
j 13. Existing loan(s) taken subject to 503. Exisinq loan(s) taken subject to
u' Sellers credit to buyers COs S 500.00504. Payoff of first mortgage loan
)5. 505 Payoff of second mortgage loan
A. 505. Non - homestead part of 91 t x 1,190.00
lT ' sO Sellers credit to buyers Colts 500.00
sos_ commission /Edina Pealty 2,044.35
M. i ADJUSTMENTS FOR ITEMS UNPAID BY SELLER: ADJUSTMENTS FOR ITEMS UNPAID BY SELLER:
i
210. Ciry,rtown taxes l0 510. Cityitown taxes to
211. Canty taxes to 511. County taxes to
212. Assessments to 512. Assessments to
213. 513.
i 214. 514.
i 215. 515.
216. 516,
21). 511.
218. 518 i
219. 519.
20. TOTAL PAID BY /FOR 520. TOTAL REDUCTIONS
,i BORROWER: IN - '
AMOUNT DUE SELLER: 4,433.85
• - - -- - -- ------ - - - - -- 20 650.0 -- - - - -- - -- ,
i 7D CASH AT SETTLEMENT FROMQO_BORROWER:- 600. - CASH AT SETTLEMENT TO /FROM SELLER: -
1 1 1 Dos al due from borrower line 120 67, 366.1 501 Gmsa ammult due to seller (hire 420) -- - -
64 r 9g9 .44
t ; 12. less ennrmts pad fry /la borrower (fine 2101 0, 650. 6 02. le ss total reductions in amount due selle�lu,e 5520
1 (
13. CASH (❑ k?041) (❑ TO) BORROWER: I 46 716.1 603. CASH (UV. 01(❑ FROM) SELLER: 60 560.59
PAGE 1
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r LOAN 1843390
SETTLEMENT CHARGES
700. TOTAL SALES /BROKER'S COMMISSION: PAID FROM PAID FROM
• :� BASED ON PRICE $ 64, 900.00 ® q6- 150.00 BORROWER'S SELLERS
DIVISION OF COMMISSION (LINE 700) AS FOLLOWS: FUNDS FUNDS AT AT
701.S 150.00 to Pierce Realty SETTLEMENT SETTLEMENT
702. S to
703. Commission paid at santement 150.00
0.1
800. IILMS PAYA Rii IN CUNNECTIUN W+IIf LOAN:
801. Loan Ong inationfee 1.00 % Sunbelt National Mortgage 200.0
802. Loan Discou 4.00 % Sunbelt National Mortgage 800.00
803 Appraisal Fee to: Sunbelt National Mortgage 295.00
804.CredrtReporlto: Sunbelt National Mortgage 45.0
805. Lender's Inspection fee
806 Mortgage Insurance application fee to
807. Assumption fee
808. Tax service to Sunbelt National Mortgage Corporation 75.00
i 809. Underwriting to Sunbelt National Mortgage Corporation 150.0
810.
}• i 811.
' 900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE:
901. Irrtereri from to
S /dal'
902. Mortgage insurance premium for ono. to
903. Hazard insurance premium for yrs. to
904. flood ks ra m P.. la yrs. to
1 905.
i 1 000. RESERVES DEPOSITED WITH LENDER:
{ 1001. "Wart! i surance 2 months (M S 8.25er moron 16.50 Sa s
1002. Mortgage insurance months Iv S per month
♦ 1003. City property tares months ® S per month i
1004. County property taxes 2 months ® S 49.59er month 99.18
1005. Annual assessmerrts months ® S per month
1 1006. flood inswance ircnths 1 9 S per month t t
1007. y •i• manths a S per month
100 _ _ _ monfhs ® S per month __]!
+ 1100. TITLE CH ARGES:
110t. Settlement a closing fee to TRW Real Estate Loan Services 225.00 150.00
1102. Abstract orthlesmchto TRW Real Estate Loan Services 160.00 `
1101 Title examination to f i
1104. Title insurance bi du to
1105. Document preparation to
11D6. Notary fees to
1107. Attorney's fees to
(includes above items Aiumhers:
1108. Title instxance ta TRW Real Estate Loan Services
/incbxks above hams Almrben'
1109. Lender's coverage $ 20,000.00 @ 175.00 ?
1110. Ovvmei's coverage $ U Tt•
1111. Name Searches to TRW Real Estate Loan Services 25.0
1111 Assmt Search to TRW Real Estate Loan Services 30.00
- _- House - Loc- Cer-t -to- TRW - Real- Estate- Loan_ Services -_ _ - ..- _ _ _ _._- 50.0 _
1200. GOVERN REC ORDING AND_ TRANSFER CHARG _ I
1201. Recording fees: Deeds 2 J-50 ; Mortgage $ 10.50 ; Releases $ 31.00�
1202. City /county tax /stamps: Deed 5 ; Mortgage S ( �I f
1203. State tax /stamps: Deed S 214.50: Mortga S 46.00 46.0 214.50
1204 Consv fees to Hennepin County Recorder 10.0 f
120
1300. ADDI SETTLEMENT CHARGE
1301. Survey to -- - -
1302. Pest inspection to
' 1303. Ins. & Dues Certification to Earl Brown Estate Townhouse 124.0
" 1304.
1305.
1306.
1307.
1400. TOTALSETTLEMENT CHARGES (Enteronlme103, Section J- and -Me 502, Section K/. 4 2,366.6 704.50
i
'! he Undersigned Acknowle es cei This Settlement Statement
• . rya « Senor « ,
MAR F. LEE see «« AMES A. PE ERSEN I
t gent A enC
F MARGARET C. PETERSEN
s JD PAGE 2
i I
L 1
L 9
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rRW Fc�l Estate •, t •
I Mn Services t : i,r t
WAIVER OF OWNER'S TITLE INSURANCE POLICY
S_5�4�� Amount of Coverage
$_ 195.00 Simultaneous Issue Charge
x _10 026010 _ _ fRW Commitment No.
I (We) hereby acknowledge the offer of an owner's Ti tle Insurance Policy
.Y
at a simultaneous issue charge based upon the owner's policy being issued
in conjuntion with the mortgage conmi L ment, (AmonnI of coverage,
simultaneous issue charge and Conmritment Nu, indicaLvd above). I (We)
hereby decline this offer, except that I (We) understand that the cif fvl
will continue in effect for thirty (30) clays from today, subject Ln any
changes in insurability subsequent to daLm of commilmpnL Lo lender, I
(We) acknowledge further that I (We) have been advinud that the ciLvd
mortgage policy does not in any gray pro tees t or insure the owner's Merest
in title, and that the simulaneous issue rate will not be available for
this transaction after thirty (30) clays lrom today.
_ 11/
Date
- -- - -- - - - - --
ORDER FOR OWNER'S TITLE INSURANCE POLICY
S — 64,900.00. -- , Amount of Coveray(c
S - 195. ' Sinrul taneous Issue Ch,1ryQ
I (We) wish to purchase an Owner's Title Insurance Policy in the
amount of
and-simultaneous
issue charge indicated above. I (We) acknowledge r•er r�' t
I
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�r ., L� nd th�r I. Lhc. L� c. >,cc � ons
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No delinquent lazes and transfer entered; Certificate
of Real Estate Value ( ) filed ( ) not required
Certificate of Real Estate Value No.— i
,19
County Auditor
I by _ - -- !
Deputy
STATE DEED TAX DUE HEREON: $ 214.50
I
Date: Novemb 1 19 90
(reserved for recording data) i
FOR VALUABLE CONSIDERATION, Janes A. Petersen and Margaret C. Petersen,
husband and wife Grantor (S),
' (marital status)
hereby convey (s) and warrant (s) to Mary F Lee I
Grantee (S),
real prpp Hennepin County, Minnesota, described as follows:
An undivided 4/10 interest in and to: Lot 1, Block 7, Earle Brown Farm Estates
First Addition, according to the plat thereof on file or of record in the
office of the Registrar of Titles in and for said County. Together with
easements, covenants, conditions, restrictions, charges and liens as contained
in Document No. 1433226 as supplemented and amended by Document Nos. 1468043,
1508144 and 1529049.
Parcel B:
An undivided 6/10 interest in and to: Lot 1, Block 7, Earle Brown Farm Estates
First Addition, according to the plat thereof on file or of record in the `
office of the Registrar of Titles in and for said County. Together with
easements, covenants, conditions, restrictions, charges and liens as contained
(it more space is needed, continue on back)
together with all hereditaments and appurtenances belonging thereto, subject to the following exceptions:
THE SEL= CERTIFY THAT THE SELLERS DO NOT KNOW OF ANY WELLS ON THE DESCRIBED
REAL PRCPEFtPY.
JFes A. eter en
: \ffis Dt ed 'i Its Stamp I1,
1 I ,
i ! / C. Petersen '
I STATE OF MINNESOTA l/
! 1
COUNTY OF Hennepin SS.
The foregoinKK instrument was A cknowledged before me this 1st day of November 19 90
by James A. Petersen an Margaret C. Petersen, uiF sfiana and wi e,
- - -- — - - - - - Grantor (s).
LL ( NOTARIAL STAMP OR SEAL (OR OTHER TITLE OR RANK)
.,_� +• SIGNATURE OY PERSON TAKING ACKNOWLEDGMENT
• ` . -,
I' • i I •• !�
Tax Statements for the add aert9 described In lhb Instrument should
,.1 be sent to (Include name sm an� add of Ureutee ):
Mary F. Lee
2926 68th Lane North
Brooklyn Center, MN 55429
( _
THIS INSTRUMENT WAS DRAFTED BY (NAME AND ADDRESS)
( Sunbelt National Mortgage Corporation
t TRW Real Estate Irian Services 2974 LBJ Freeway, Suite 231
1120 Gast Both Street #109 Dallas, TX 75234
Bloomington, MN 55420
I
r
1
CERTIFICATION OF CLAIM
I, the undersigned, do hereby certify the following:
1. That I have ersonall
p y inspected the residential claim
herein and the property it uses and occupies;
2. That to the best of my knowledge and belief the
statements contained in this report and upon which the
opinions herein are based, are true and correct;
3. That this claim has been made in conformity with and is
subject to the requirements of the United States
Department of Housing and Urban Development.
4. That neither myself, the company, nor the employees have
a present interest or a contemplated interest in the
residence involved or relationship with the occupants
therein; and
5. That neither the employment ent to make the claim nor the
P
compensation for it are contingent upon the amount of
eligible relocation compensation estimated herein.
dr G. Luegge 1
Relocation Consultant
Conworth, Inc.
Date
L
�ON�WO�RTH�,IN�C.
QUALIFICATIONS
Sandra G. Luegge
PROJECT ASSIGNMENTS: Acquisition /Residential and Business Relocation
Counseling, Technical and Documentation Services
EDUCATION: B.S. Degree /1980 /Business Administration - Real
Estate. Cum Laude Honors. Mankato State
University.
Continuing Education Courses sponsored by the
American Institute of Real Estate Appraisers,
International Right of Way Association, DHUD, and NAHRO.
PROFESSIONAL AFFILIATIONS:
American Institute of Real Estate Appraisers.
International Right of Way Association,
Minnesota Chapter 20. Chairman, Relocation Committee.
RELATED EXPERIENCE:
Relocation /Acquisition Consultant, Conworth, Inc.,
Minneapolis, Minnesota -- Present.
Relocation /Acquisition Consultant and Projects
Director, Midwest Office of Von Klug & Associates,
Inc., Minneapolis, Minnesota -- 1985 -1989.
Real Estate Appraiser and Branch Office Manager,
Robinson Appraisal Company, Inc., Mankato and
LeSueur,. Minnesota -- 1980 -1985.
Redevelopment Specialist for the City of Mankato,
:Minnesota -- 1977 -1980.
COMMENTS:
For the City of Mankato, Ms. Luegge administered a variety
of acquisition and relocation projects funded through CDBG,
local tax increment, and federal sources. She also
negotiated permanent and temporary easements for the Corps
of Engineers flood control projects in the community, and
performed monitoring for EEO /labor standards requirements
in the City's redevelopment construction projects.
For Robinson Appraisal Company, Ms. Luegge prepared a
variety of commercial, industrial and farmland and review
appraisals. Her concentration, however, was in residential
appraising for public agencies and private lenders.
For Von Klug & Associates, Ms. Luegge worked on various
redevelopment and right -of -way projects throughout
Minnesota, counseling for business and residential
relocation, performing appraisal reviews, and directing the
Minneapolis office's project assignments from 1987 -1989.
CON`VORTH, INC.
CITY OF BROOKLYN CENTER Council Meeting Date
Agenda Item Number
REQUEST FOR COUNCIL CONSIDERATION
ITEM DESCRIPTION:
RESOLUTION ACCEPTING AND APPROVING A CONTRACT WITH MAXFIELD RESEARCH GROUP, INC.
FOR A COMMERCIAL/INDUSTRIAL STUDY
DEPT. APPROVAL:
`/1 EDA Coordinator
Sign t re - title
MANAGER'S REVIEW /RECOMMENDATION:
No comments to supplement this report Comments below /attached
SUMMARY EXPLANATION: (supplemental sheets attached
The EDA received four (4) proposals to the RFP for a commercial /industrial study. Submitting
• proposals on November 21, 1990, were Ernst & Young, Advance Resources for Development, Inc.,
McComb Group, Ltd., and Maxfield Research Group, Inc.
On Thursday, November 29, 1990, interviews were conducted with all four (4) consultants. The
interview group was made up of Sy Knapp, Mark Parish, Ernie Erickson, and Gil Engdahl. It was the
recommendation of that group that Maxfield Research Group, Inc. be awarded the contract. Maxfield
Research also submitted the lowest cost of the four (4) groups. Prices ranged from $26,000 to
$35,000.
i
This study, when coupled with the housing study, will provide the City with the basic information to
establish a coordinated redevelopment policy for Brooklyn Center. The study should be used to give
direction to and establish priorities and policies for the use of limited resources.
I would recommend that the contract be awarded to Maxfield Research Group, Inc. We can anticipate
having the study back this spring.
Commissioner introduced the following
resolution and moved its adoption:
EDA RESOLUTION NO.
RESOLUTION ACCEPTING AND APPROVING A CONTRACT WITH
MAXFIELD RESEARCH GROUP, INC. FOR A COMMERCIAL/
INDUSTRIAL STUDY
WHEREAS, the Economic Development Authority (EDA) in
and for the City of Brooklyn Center has established a Brooklyn
Center commercial/ industrial study to be funded with Community
Development Block Grant Funds; and
WHEREAS, the EDA has requested proposals for a
commercial/ industrial study from professional market analysts;
and
WHEREAS, the EDA considered such proposals for a
commercial /industrial study, and the proposal from Maxfield
Research Group, Inc. in the amount of $26,000 plus expenses is
best suited to the needs of the Economic Development Authority.
NOW, THEREFORE, BE IT RESOLVED by the Economic
Development Authority in and for the City of Brooklyn Center that
the Executive Director be authorized to execute an agreement for
these services.
Date 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.