HomeMy WebLinkAbout2010 07-12 EDAM Regular Session 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
JULY 12, 2010
CITY HALL — COUNCIL CHAMBERS
1. CALL TO ORDER
The Brooklyn Center Economic Development Authority (EDA) met in Regular Session called to
order by President Tim Willson at 7:15 p.m.
2. ROLL CALL
President Tim Willson and Commissioners Kay Lasman, Tim Roche, Dan Ryan, and Mark
Yelich. Also present were Executive Director Curt Boganey, Interim Chief of Police Kevin
Benner; Public Works Director /City Engineer Steve Lillehaug, Director of Business and
Development Gary Eitel, City Attorney Charlie LeFevere, and Carla Wirth, TimeSaver Off Site
Secretarial, Inc.
3. APPROVAL OF AGENDA AND CONSENT AGENDA
Commissioner Ryan moved and Commissioner Roche seconded approval of the Agenda and
Consent Agenda, and the following item was approved:
3a. APPROVAL OF MINUTES
1. June 28, 2010 — Regular Session
Motion passed unanimously.
4. COMMISSION CONSIDERATION ITEMS
4a. STATUS OF FOURTH AMENDMENT TO A DEVELOMENT AGREEMENT
(EMBASSY SUITES — BROOKLYN HOTEL PARTNERS, LLC)
Executive Director Curt Boganey introduced the item and advised that the fourth amendment to
the Brooklyn Hotel Partner's development agreement was approved by the EDA at its June 28,
2010, meeting and it will all provide for lease of the D Barn and contrition of the link between
the hotel and Earle Brown Heritage Center. He advised that the subordination agreement with
Prudential is yet to be executed. That agreement would subordinate any interest Prudential has
in the tax abatement to the interest of the EDA. Mr. Boganey stated that recent communications
have occurred with Prudential's attorney who indicated the amendment was received, reviewed,
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and is working its way towards approval. He indicated there is no reason to think it will not be
signed and staff will report an update on this matter at the next EDA meeting.
Commissioner Roche moved and Commissioner Yelich seconded to receive the report.
Motion passed unanimously.
5. ADJOURNMENT
Commissioner Lasman moved and Commissioner Roche seconded adjournment of the Economic
Development Authority meeting at 7:17 p.m.
Motion passed unanimously.
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STATE OF MINNESOTA)
COUNTY OF HENNEPIN) ss. Certification of Minutes
CITY OF BROOKLYN CENTER)
The undersigned, being the duly qualified and appointed Secretary of the Economic
Development Authority (EDA) of the City of Brooklyn Center, Minnesota, certifies:
1. That attached hereto is a full, true, and complete transcript of the minutes of a Regular
Session of the Economic Development Authority (EDA) of the City of Brooklyn Center
held on July 12, 2010.
2. That said meeting was held pursuant to due call and notice thereof and was duly held at
Brooklyn Center City Hall.
3. That the Economic Development Authority (EDA) adopted said minutes at its October
25, 2010, Regular Session.
s
Se h et ry President
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