HomeMy WebLinkAbout1990 08-13 EDAP Regular Session EDA AGENDA
CITY OF BROOKLYN CENTER
AUGUST 13, 1990
(following adjournment of City Council meeting)
1. Call to Order
2. Roll Call
3. Approval of Minutes:
a. June 25, 1990 - Special Session
4. Resolutions:
a. Establishing Offer of Just Compensation for the Purchase
of a Single - Family Home Located at 6730 Perry Avenue
North in Brooklyn Center
b. Approving One (1) Brooklyn Economic Development
Authority Grant (File No. H82)
5. Adjournment
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
JUNE 25, 1990
CITY HALL
CALL TO ORDER
The Brooklyn Center Economic Development Authority met in special session and
was called to order by President Dean Nyquist at 10:32 p.m.
ROLL CALL
President Dean Nyquist, Commissioners Celia Scott, Todd Paulson, Jerry Pedlar,
and Philip Cohen. Also present were EDA Director Gerald Splinter, Director of
Public Works Sy Knapp, Director of Planning and Inspection Ron Warren, City
Attorney Charlie LeFevere, EDA Coordinator Brad Hoffman, and Administrative Aide
Patti Page.
APPROVAL OF MINUTES - MAY 21 1990 - SPECIAL SESSION
There was a motion by Commissioner Scott and seconded by Commissioner Cohen to
approve the minutes of the May 21, 1990, EDA meeting. The motion passed
unanimously.
APPROVAL OF MINUTES - JUNE 11 1990 - SPECIAL SESSION
There was a motion by Commissioner Cohen and seconded by Commissioner Paulson to
approve the minutes of the June 11, 1990, EDA meeting. The motion passed
unanimously.
CONTRACT ADJUSTMENT - EBF MANAGEMENT COMPANY
The EDA Coordinator stated the contract between the EDA and EBF Management
Company allows for a base compensation rate for the management contract. He
noted this fee is for the monthly management services which include management,
accounting, marketing, scheduling, and coordinating of events. He noted Mr.
Beisner has requested an increase in this fee to raise the salaries of two of
the employees of the management company. He noted at the time the contract was
written the staff did not realize that basically the City Council /EDA would have
to approve salary increases for these employees. He stated while he does agree
some adjustment to their salaries is warranted, he does not feel the salary
increases should be handled in this manner. There was some discussion regarding
the contract with EBF Management Company and how it has been handled. There was
a general consensus among Commissioners that the EDA should not be approving
these salary adjustments.
There was a motion by Commissioner Scott and seconded by Commissioner Cohen to
approve the salary increase of 10% for two employees of EBF Management Company
and directing taff to
draft an
g amendment to the EBF contract to P rovide other
means of salary increases in the future. The motion passed with Commissioner
Paulson and Pedlar opposed.
6/25/90 -1-
ADJOURNMENT
There was a motion by Commissioner Pedlar and seconded by Commissioner Paulson
to adjourn the meeting. The motion passed unanimously. The Brooklyn Center IM
Economic Development Authority adjourned at 10:43 p.m.
President
i
1-
6/25/90 -2-
CITY OF BROOKLYN CENTER Council Meeting Date -- __ 2L . 2 . /90
Agenda Item Number �7' a
REQUEST FOR COUNCIL CONSIDERATION
*********************************************************** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * **
ITEM DESCRIPTION:
RESOLUTION ESTABLISHING OFFER OF JUST COMPENSATION FOR THE PURCHASE OF REAL
PROPERTY LOCATED AT 6730 PERRY AVENUE NORTH IN BROOKLYN CENTER
*********************************************************** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * **
DEPT. APPROVAL:
Signature. Assistant EDA Coordina or - Tom Bublitz
MANAGER'S REVIEW /RECOMMENDATION:
No comments to supplement this report Comments below /attached
*********************************************************** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * **
SUMMARY EXPLANATION: (supplemental sheets attached
The Economic Development Authority is requested to approve a resolution which would establish an
offer of just compensation for and authorize staff to make a formal offer on the property at 6730
Perry Avenue North.
Previous EDA considerations related to this item are as follows:
i
1. In October of 1989, the property at 6730 Perry Avenue was rejected for a grant under the
City's housing rehabilitation program. The reason for rejection was due to a leak in the
waste water line from the kitchen of the home. The water leak had created a significant
amount of damage and the grant program could not bring the property up to required
Section 8 housing standards using the maximum grant allocation.
2. At the October 23, 1989, EDA meeting, the EDA approved a motion to authorize staff to
proceed with discussions with the owner regarding acquisition of the property.
3. In November of 1989, an initial appraisal and a review appraisal were completed. Copies of
the appraisal and review appraisal are included in the EDA packets. An appraisal lower
than the initial appraisal was presented in the review appraisal primarily due to the repair
costs associated with the leaking drain line. A final appraisal amount of $43,000 was agreed
upon by the initial appraiser and review appraiser.
The memorandum on the following page describes the activities that have occurred since initial
contact was made with the homeowner. Also included is the resolution presented for EDA
consideration.
Member introduced the following
resolution and moved its adoption:
RESOLUTION NO.
RESOLUTION ESTABLISHING OFFER OF JUST COMPENSATION FOR
THE PURCHASE OF REAL PROPERTY LOCATED AT 673 0 PERRY
AVENUE NORTH IN BROOKLYN CENTER
WHEREAS, on October 23, 1989, the Brooklyn Center
Economic Development Authority authorized staff to proceed with
discussions with the owner regarding acquisition of the real
property located at 6730 Perry Avenue North; and
WHEREAS, the Brooklyn Center Economic Development
Authority has received the following items relative to the
appraisal of the real property located at 6730 Perry Avenue
North:
a. Appraisal report dated November 9, 1989.
b. Review appraisal dated November 27, 1989.
C. Appraiser's letter updating appraisal dated June
4, 1990.
d. Memorandum from review appraiser regarding amended
value conclusion for 6730 Perry Avenue North; and
WHEREAS, the fair market value of the real property
located at 6730 Perry Avenue North, as established by the
appraisal is $43,000.
NOW, THEREFORE, BE IT RESOLVED by the Economic
Development Authority for the City of Brooklyn Center that the
appraisal documents described in paragraph 2 of this resolution
are hereby accepted and the fair market value of$43,000,
established by the appraisal, is hereby accepted and established
as just compensation for the real property located at 6730 Perry
Avenue North.
BE IT FURTHER RESOLVED that the Economic Development
Authority staff is authorized to make a written offer of $43,000
to the owner of the real property at 6730 Perry Avenue North for
the acquisition of the property.
Date Mayor
ATTEST:
City Clerk
The motion for the adoption of the foregoing resolution was duly
seconded by member 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.
M E M O R A N D U M
TO: Brad Hoffmann
EDA Coordinator
FROM: Tom Bublitz�
Assistant EDA Coordinator
DATE: August 8, 1990
RE: Proposed Acquisition of 6730 Perry Avenue North
This memo outlines the sequence of events that have taken place with
regard to the proposed acquisition of the single family home at 6730 Perry
Avenue North. Initial contact with the owner of 6730 Perry Avenue was
made in June, 1990. A brief summary of events since the initial contact
follows:
1. City taff initiated contact with the homeowner regarding the
Y S
g
acquisition of the property with the understanding that if the owner
elected to sell the property, the City would pay acquisition costs and
relocation benefits using Community Development Block Grant Funds.
Property owners can waive relocation benefits if they indicate their
willingness to sell prior to any action by the acquiring agency
indicating its intent to purchase the property. In this case, the City
initiated contact with the homeowner regarding the sale of her property
with the understanding that the law would require relocation benefits.
2. After discussion with the homeowner regarding the City's interest in
purchasing the property, a meeting was held with the homeowner, myself,
and Ms. Sandra Luegge, representing Conworth, Inc. Conworth, Inc.
provides relocation counseling and advisory services, and is the
company providing relocation services for the 69th Avenue project. At
this meeting only potential relocation benefits were discussed with the
owner, since the EDA must approve an offer of just compensation prior
to any negotiations for acquisition of property.
The Federal Uniform Relocation Assistance and Real Property Acquisition
Policies Act of 1970, usually referred to as the Uniform Act, regulates
all relocation activities funded with Community Development Block Grant
Funds. This law requires that owners be informed of their rights under
the Uniform Act. At the meeting with the property owner, Ms. Luegge,
and myself, the owner was informed that the City did not plan to obtain
the property through eminent domain and if the owner elected not to
sell, the City would not pursue the acquisition.
August 8, 1990
Memo to Brad Hoffman Re: 6730 Perry Avenue North
Page 2
3. After the meeting with the property owner, Conworth, Inc. prepared an
estimate of the maximum dollar exposure the City would have for
relocation benefits in this acquisition. The maximum relocation
benefits exposure is included as part of the overall estimated project
budget which is part of this memorandum.
4. The Uniform Act requires that, before the initiation of negotiation.
for property, Y ac q acquisition of the City must establish an amount "which
it believes is just compensation for the real property ". A resolution
approved by the EDA is required to establish just compensation. The
resolution included with this memorandum would establish the amount of
just compensation and authorize the EDA staff to make a written offer
to the owner.
The estimated total budget for acquisition and relocation is included
with this memorandum. The project budget provides for demolition of
the home and sale of the lot at 6730 Perry Avenue North.
BARNEY FRANK AMENDMENT
Although it does not apply in this instance, I believe it is important to
note the provisions of a feature of the CDBG Statute known as the "Barney
Frank" Amendment. An amendment applicable to all Community Development
Block Grant Programs, authored by Representative Barney Frank, provides
that when a law and moderate income unit is acquired and its residents are
displaced, governmental agencies or private developers shall provide,
within the same community, comparable replacement dwellings for the same
number of occupants as could have been housed in the occupied or vacant
occupiable law and moderate income dwelling units demolished or converted
to a use other than for housing for low and moderate income persons. This
amendment means there is required a one - for - one replacement for all low
and moderate income units acquired, demolished, and /or converted to other
uses.
A unit is determined to be a low and moderate income unit if it meets the
Section 8 dollar amounts for rentals. In other words, if the fair market
rent of the dwelling unit to be demolished or converted is greater than
Section 8 fair market rents, then the Barney Frank amendment does not
apply. The Brooklyn Center City Assessor has prepared a memorandum
(enclosed) addressing the Barney Frank Amendment requirement. Briefly,
his calculations show that the estimated fair market rent of the home at
6730 Perry Avenue exceeds the comperable Section 8 fair market rent for an
equivalent unit. This means the Barney Frank amendment does not pertain
to the acquisition of 6730 Perry Avenue. If the Barney Frank amendment
had been determined to apply, the City would have been required to replace
the low and moderate income unit converted and /or demolished within a
three year period.
cb
Attachment
-3-
ESTI uATED PROTECT BUDGET FOR ACQUISITION AND RELOCATION COSTS
FOR 6730 PERRY AVENUE NORTH
BUDGET ITEM ESTIMATED COST
A. Acquisition
I. Acquisition cost of property $43,000
2. Appraisal fee 400
3. Demolition cost 5,000
4. Legal costs for acquisition and resale 1,500
5. Incidental expenses (legal notices, extra 200
copies of appraisal reports, certified mail
costs. etc.)
TOTAL ACQUISITION $50,100
B. Relocation
1. Housing Differential Cost $16,000
(This is the difference between the appraised
value of 6730 Perry and what comparable housing
would cost.)
2. Mortgage Differential 3,500
(This item reflects the amount needed to compen-
sate for the increased mortgage interest rates
for replacement housing.)
3. Incidental Costs 3,000
(This item reflects the costs incurred by the
owner when purchasing replacement housing, and
it includes items such as closing costs,
including origination fee, title examination,
credit reports, title insurance, etc.)
4. Moving Expenses 2,500
5. Relocation Advisory Services (Conworth Inc .> 1,600
TOTAL ESTIMATED MAXIMUM REPLACEMENT HOUSING PAYMENT $26,600
TOTAL ESTIMATED ACQUISITION AND RELOCATION COSTS $76,700
LESS ESTIMATED LOT VAT (19,500
TOTAL NET COST $57,200
NOTE: Source of funds is the CDBG Program.
-4-
Administrative Expenses and Owner's Appraisal
City staff administrative expenses are also reimbursable from the
CDBG program. Estimated administrative expenses for the project
are $1,000.
Additionally, if the property owner wishes to get an additional
appraisal after the offer of just compensation is made, the City
is obligated to pay up to $500 for this appraisal. However, due
to the fact the City is not pursuing acquisition through eminent
domain, the need for an additional appraisal is unlikely.
MEMORANDUM
July 31, 1990
To: Tom Bublitz
Assistant EDA Coordinator
From: Mark Parish
City AssessoA
Re: Estimated Market Rental Rate
6730 Perry Avenue, Brooklyn Center
You recently requested an estimate of the fair market rental
rate for this property. Based on a review of rental comparables
and current market levels, a two - bedroom home with a one vehicle
detached garage could be expected to rent for $550.00 to $650.00
per month. This rent would typically include sewer and water,
but all other utilities including gas, electric, cable television
and telephone would be paid by the tenant. While the location
of this property is quite good, the lack of a basement and the
present condition would hinder the marketability. Therefore, I
would expect it to rent towards the lower end of the typical
range, most likely for an amount between $550.00 and $575.00 per
month. If you have further questions on this matter;
contact me at 569 -3310.
CITY 6301 SHINGLE CREEK PARKWAY
OF
B ROOKLYN BROOKLYN CENTER, MINNESOTA 55430
TELEPHONE 561 -5440
C ENTER EMERGENCY - POLICE - FIRE
911
November 27, 1989
Brad Hoffman
EDA Coordinator
City of Brooklyn Center
6301 Shingle Creek Parkway
Brooklyn Center, MN 55430
RE: Appraisal Review
6730 Perry Avenue
Dear Brad:
0 I have reviewed the appraisal report for this property submitted
to you by Scott Renne. While I generally concur with the facts
and conclusions, my estimate for repair costs differ by a substantial
amount.
After reviewing Mr. Renne's description and analysis of the present
improvements, I spoke with Clay Larson and Evelyn Nygaara of the
City's Inspection Department. Evelyn had personally inspected the
property and was very helpful in describing the current condition.
While the appraisal report estimates a reasonable amount, $3000.00,
for plumbing repairs, it does not take into account repairs of damage
caused by the leak.
The house is constructed on a slab and the leak is apparently below
the slab. The leak has also compromised the heating ductwork below
the slab. This ductwork needs to be replaced. The options are
to either replace in the current location (requiring extensive break -up
of the slab) or to install new ductwork in the interior walls and
attic areas.
Miile below the slab, th6 leak has also caused damage above the
slab. The kitchen cabinets, interior walls, and finish materials
have been damaged by moisture wicking through the slab. My estimates
include removal and replacement of these items.
gum- Mmcamr 4:
v z
The scope of the repairs required cause one other concern. If fitty
percent (50 %) of the structure is being repaired /remoaeled, the
entire structure must be brought into compliance with present codes.
The estimated items are ver close to this level. If all systems
such as electrical, plumbing, heating, and structure need to be
updated to present codes, additional costs woula be nicurred, and
the value would be decreased further. Should this occur, the repairs
may cause the property to be economically incurrable. That is,
the costs involved could not be recovered in the marketplace. Even
at the current cost amount, a strong argument can be mace that these
costs could not be recovered.
Attached is the report submitted by Mr. Renne. I have inserted
my comments, estimates, and differences into the report. 'These
inserts are on colored sheets. +
Based upon my review of this report and discussions with indi viduals
familiar with the property, my estimate of market value of the property
as of November 1989 is
Thirty -Nine Thousand Dollars
($39,000.00)
If you have additional questions, do not hesitate to ccntact me.
S - n erely,
Mar P. h
City Assessor
Enclosure
Estimate of Required Repair Costs
Property located at 6730 Perry Avenue, Brooklyn Center
Plumbing Repairs $2000.00
repair broken waste line, location
unknown below slab. requires slab
break -up, locate and correct leak,
restoration of slab.
Ductwork Repairs range of $3,000 to $5,000
waste water leak has damaged ducts
located under slab. options are to
break -up slab and replace ductwork
or seal off existing and install a
new distribution system using the
interior walls and attic space.
Structural Repairs range of $4,000 to $6,000
replace framing members, wallboard,
cabinets, and trim work damaged by
unrepaired waste water leak.
Clean -up /General Repairs range of $3,000 to $4,000
includes replacement of all floor
coverings, miscellaneous interior
items, repair of soffit /facia area,
electrical repair to eliminate code
infraction, replacing missing siding
materials, painting, and cleaning.
Total Estimated Costs range of $12,000 to $17,000
$14,000 selected and used as estimated
costs of required repairs.
Note: Above costs are for required items only, does not
include costs of bringing the entire property up
to compliance with current codes.
INCOME APPROACH
While generally agreeing with Mr. Renne's comments regarding
the market for single family rental properties, we have in our
files market information enabling the application of this
approach.
One would expect a buyer of the subject to be an investor
familiar with the market and the rental economy. This
purchaser would not normally be utilizing FHA financing so
the driveway repair would not be required. However, the other
repairs would need to be completed before the property could
be licensed and marketed as a rental dwelling.
The costs of the repairs are therefore subtracted from the
estimated value to yield a value estimate of the property in
its current condition.
Gross Rent Multiplier = 90
Estimated Monthly Rental Rate = $550
Indicated Rental(Income) Value = $49,500
Less Required Repairs - 14,000
Present Value Indicated = $35,500
Note: The Gross Rent Multiplier and Estimated Rent are from
our files and our based upon recent market activity of this
type of property in the City of Brooklyn Center.
RESIDENTIAL SALES COMPARABLE ADJUSTMENT GRID
FOR: APPRAISAL OF 6730 PERRY AVENUE
BROOKLYN CENTER, MINNESOTA
MARKET VALUE AS OF NOVEMBER 1989
SUBJECT (COMP. #1 ICOMP. #2 ICOMP. #3
16730 PERRY 16812 PERRY 16736 PERRY 16806 PERRY
133 -11 -47 133 -11 -34 133 -11 -46 133 -11 -35
------------------------------------------------------------------------------------------
SALE PRICE NA 1 $52,000 1 $61,900 1 $54,000 SALE PRICE
TERMS NA IFHA-OPTS $0 FHA -OPTS $0 1 POINTS ($1,907)ITERMS
A.S.P.1 1 $52,000 1 $61,900 1 $52,093 IA.S.P.1
SALE DATE I NA 105/88 $2,390 107/89 $621 105/88 $2,482 ISALE DATE
A.S.P.2 1 1 $54,390 1 $62,521 1 $54,575 IA.S.P.2
-------------------------------------------------------------------------------------------
YR.BLT. 1954 1954 $O 1 1955 $0 1 1954 $0 IYR.BLT.
SIZE(s.f.) 660 660 SO 1 780 ($3,600) 660 $0 ISIZE(s.f.)
#BATHS ONE ONE SO ONE $0 ONE $0 I#BATHS
#FPLCS NONE ( COMP SO COMP SO COMP $0 #FPLCS
BM.FIN. NONE COMP SO COMP SO ( COMP $0 IBM.FIN.
GAR( #cars) 1280s.f. -det I COMP SO 1576sf ($2,500)1528sf ($2,500)IGAR( #cars)
C.A.C. I NO I COMP SO I COMP SO I COMP $0 C.A.C.
PORCH I NONE I COMP SO ISP-240P ($2,400) COMP $0 IPORCH
DRIVEWAY I CR. ROCK I SUPR. ($1,500)1 SUPR. ($1,500) SUPR. ($1,500)IOTHER
REPAIRS lEst.a $140001 ($14,000) ($14,000) ($14,000)IOTHER
# of ROOMS 4 ' 4 1 5 1 4 1# of ROOMS
CONDITION POOR SUPR. SO SUPR. $0 SUPR. $0 ICONDITION
LOT SIZE 10050 s.f. COMP SO COMP SO COMP $0 SLOT SIZE
LOCATION ( COMP SO COMP $0 COMP $0 ILOCATION
ADJ.AMT. NA ( ($15,500) ($24,000) ($18,000)IADJ.AMT.
I I I
A.S.P.3
$38,890 $38 $36,575 A.S.P.3
$ /SQ.FT. $58.92 $49.39 $55.42 �S /SQ.FT.
$ /ROOM $9,723 $7,704 $9,144 I$ /ROOM
INDICATED VALUE OF SUBJECT = $39,000
NOTES:
A.S.P.1 = SALES PRICE ADJUSTED FOR TERMS
A.S.P.2 = SALES PRICE ADJUSTED FOR TERMS AND FOR TIME
A.S.P.3 = SALES PRICE ADJUSTED FOR TERMS, TIME, AND FOR CHARACTERISTIC DIFFERENCES TO THE SUBJECT
COMP. = COMPARABLE TO THE SUBJECT
INFR. = INFERIOR TO THE SUBJECT
SUPR. = SUPERIOR TO THE SUBJECT
perryle
COST APPROACH
Again, a significant difference exists between the estimated
costs of repair necessary to the structure. The cost
approach is most reliable and applicable to newer structures
and to those properties with little depreciation and /or
obsolescence. This is obviously not the case of the subject
property.
In the final reconciliation of value, I will place no weight
on this approach. Due to this fact, the lack of vacant land
sales in the neighborhood, and the difficulty of accurately
estimating the depreciation, a cost approach estimate was not
prepared.
•
FINAL RECONCILIATION OF VALUE
An appraisal is an estimate of value utilizing accepted
techniques and market data. The accuracy of the estimate
depends on the quality and quantity of the data as well
as the application of the appraisal process.
In the case of the property located at 6730 Perry Avenue,
the cost approach was not completed in my analysis. While
additional time could have be spent on this approach, the
lack of quality data, specifically vacant land sales and
reliable cost estimates for repairs, this approach would
have no consideration in my final value estimate. As a note,
the estimate of repair cost used in the other approaches of
$14,000 is felt reliable based on the current available facts.
Until the slab is actually opened up and the full extent of
damage known, the estimates are just that, estimates. Mr.
Renne pointed this out by saying plumbers would do this job
on a time and material basis, not a flat bid.
The other approaches, income and market comparison, were de-
veloped. Based on three recent sales of similar properties
in the neighborhood, the market approach is felt to be a better
indicator of value. The income approach resulted in a lower
estimate of value which makes sense when one considers the
market factors and the risk involved with the extent of repairs
required to this property.
Therefore, it is my conclusion that the market value of the
property at 6730 Perry Avenue as of November 1989 is
Thirty -Nine Thousand Dollars
( $39,000.00)
J. Scott Renne, MAI
Real Estate Appraiser Consultant - REALTOR®
4945 EMERSON AVENUE SOUTH MINNEAPOLIS, MINNESOTA SS409 (612) 827-4883
June 4, 1990
Brad Hoffman
EDA Coordinator
City of Brooklyn Center
6301 Shingle Creek Parkway
Brooklyn Center, MN 55430
Subject: Update on Perry appraisal, 6730 Perry Avenue, Brooklyn
Center.
Dear Mr. Hoffman:
This letter will serve as an update to the appraisal submitted to
you on the above referenced property in November, 1989.
Subsequent to that value estimate, I have discussed the repairs
necessary and cost to cure those repairs with Mark Parrish,
Brooklyn Center City Assessor.
Based on this additional information I have revised the estimate
of the market value as of the appraisal date to $43,000.
If
you have an questions lease feel free
Y q P to call me.
Respectfully Submitted,
s c ot� z ( z v"'��
J. Scott Renne, MAI, CAE
cc. Mark Parrish
CITY 6301 SHINGLE CREEK PARKWAY
OF
BROOKLYN CENTER, MINNESOTA 55430
BROOKLYN
TELEPHONE 561 -5440
C ENTER EMERGENCY - POLICE - FIRE
911
MEMORANDUM
August 6, 1990
To: Tom Bublitz
Assistant EDA Coordinator
From: Mark Parish
City Assessor���
Re: Amended Value Conclusion
6730 Perry Avenue
On November 27, 1989 I completed a review appraisal of this
property for Brad Hoffman. Since that date, I have had several
discussions regarding the repairs needed and approximate costs
with members of the Brooklyn Center Inspections Department, the
original appraiser, J. Scott Renne, and a variety of tradespeople.
Based on these supplemental discussions, I am amending my previous
conclusion of $39,000 to $43,000.00. If you have further
questions on this matter, please contact me at 569 -3310.
19l6111AMf RIG QiY
A�
CITY OF BROOKLYN CENTER Council Meeting Date 8/13/90
Agenda Item Number 1 7�
REQUEST FOR COUNCIL CONSIDERATION
ITEM DESCRIPTION:
Resolution Approving One (1) Brooklyn Center Economic Development Authority Grant (File No. H82)
******************************************************************* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * **
DEPT. APPR Y L:
EDA Coordinator
Signature - title J
* * * * * * * * * * * * * * * * * * * * * * * * * * * ** * * * * * * * ** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * **
MANAGER'S REVIEW /RECOMMENDATION: ** „� a '°1
No comments to supplement this report Comments below /attached
SUMMARY EXPLANATION: (supplemental sheets attached yes )
1 have received one (1) application for a rehabilitation grant (file no. H82). Attached is the
application and recommendations for work to be performed on the home. I recommend approval by
the EDA.
This information is private and not available to the general public.
RECOMMENDATION:
Motion to adopt Resolution Approving One (1) Brooklyn Center Economic Development Authority
Grant (file no. H82).
Commissioner introduced the following
resolution and moved its adoption:
EDA RESOLUTION NO.
RESOLUTION APPROVING ONE (1) BROOKLYN CENTER ECONOMIC
DEVELOPMENT AUTHORITY GRANT (FILE NO H82)
WHEREAS, the Brooklyn Center Economic Development
Authority established a Home Rehabilitation Grant Program to
assist low and moderate income individuals in the maintenance and
repair of their homes; and
WHEREAS, the Brooklyn Center Economic Development
Authority has received one (1) application (file no. H82) from an
eligible individual to receive grant assistance; and
WHEREAS, an inspection by the City of Brooklyn Center
has determined that the work is necessary and appropriate under
the Brooklyn Center Economic Development Authority Grant Program;
and
WHEREAS, the estimated cost of the proposed grant
application is estimated at $10,000.
NOW, THEREFORE, BE IT RESOLVED by the Brooklyn Center
Economic Development Authority that:
1. The Brooklyn Center Economic Development Authority does
approve the one (1) housing rehabilitation grant
application (file no. H82) as recommended by the staff.
2. That the work be performed as recommended in the
request for council consideration form dated August 13,
1990, and that the applicant be directed to obtain the
necessary bids for staff review and approval.
3. The project shall not exceed the grant limit of $10,000
per house.
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.