HomeMy WebLinkAbout1990 02-26 EDAP Regular Session EDA AGENDA
CITY OF BROOKLYN CENTER
FEBRUARY 26, 1990
7 p.m.
1. Call to Order
2. Roll Call
3. Resolution:
a. Approving a Modified Project Plan for Housing.
Development Project No. 01 and Tax Increment Financing
Plan for Tax Increment Financing District No. 01
Requesting the Brooklyn Center City Council to Conduct a
Public Hearing Thereon; Recommending Approval of the
Plans
4. Adjournment
Member introduced the following resolution and moved its
adoption:
EDA RESOLUTION NO.
RESOLUTION APPROVING A MODIFIED PROJECT PLAN FOR
HOUSING DEVELOPMENT PROJECT NO. 01 AND TAX INCREMENT
FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 01
REQUESTING THE BROOKLYN CENTER CITY COUNCIL TO CONDUCT A
PUBLIC HEARING THEREON; RECOMMENDING APPROVAL OF THE PLANS
BE IT RESOLVED by the Economic Development Authority of the City of
Brooklyn Center, Minnesota as follows:
Section 1. Recitals
1.01. The Housing and Redevelopment Authority in and for the City of Brooklyn
Center, Minnesota (HRA) previously adopted a project plan (Project Plan)
for a project area (Project Area) and a tax increment financing plan (TIF
Plan) for a tax increment financing district (TIF District) generally known as
Brookwood.
1.02. The city council of the City of Brooklyn Center (City) held a public hearing
on the Project Plan and TIF Plan (collectively, Plans) and approved the
Plans.
1.03. Responsibility for the Project Area and TIF District has been shifted from
the HRA to the Economic Development Authority of Brooklyn Center
(EDA).
1.04. Changes in the public goals to be undertaken in the Project Area and TIF
District have occurred since the time of the adoption of the Plans and have
necessitated modification of the Plans.
1.05. The EDA has caused to be prepared a modified Project Plan and TIF Plan
which are contained in a document entitled "Modified Housing Development
Project Plan and Modified Tax Increment Financing Plan (Brookwood)" dated
August 16, 1989, and on file with the EDA.
Section 2. EDA Approval
2.01. The EDA finds that the objectives of the EDA in encouraging development
and redevelopment within the Project Area and TIF District will be
advanced by adoption of the modified Plans.
2.02. The modified Plans are hereby approved and adopted by the EDA.
Section 3. Further Proceeding
3.01. The executive director of the EDA is hereby authorized and directed to
transmit copies of the modified Project Plan and TIF Plan to the school
board of Independent School District No. 286 and the board of
commissioners of Hennepin County for review and comment and to notify
said public bodies of the public hearing to be held on the Plans by the city
council.
3.02. The EDA requests that the Brooklyn Center planning commission review the
modified Project Plan and TIF Plan and comment regarding the consistency
of the Plans with the City's comprehensive plan.
3.03. The EDA requests the city council to hold the public hearing on the modified
Plans required by state statute as soon hereafter as is practicable and
recommends that the modified Plans be approved by the city council.
Passed• this day of , 1989, by the Economic
Development Authority for the City of Brooklyn Center, Minnesota.
Chairperson
ATTEST:
Secretary
BR291 -002
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