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HomeMy WebLinkAbout2010 11-08 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 NOVEMBER 8, 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 7:21 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, Public Works Director /City Engineer Steve Lillehaug, Director of Business and Development Gary Eitel, Assistant City Manager /Director of Building and Community Standards Vickie Schleuning, City Attorney Charlie LeFevere, and Carla Wirth, TimeSaver Off Site Secretarial, Inc. 3. APPROVAL OF AGENDA AND CONSENT AGENDA Commissioner Roche moved and Commissioner Lasman seconded approval of the Agenda and Consent Agenda, and the following item was approved: 3a. APPROVAL OF MINUTES 1. October 25, 2010 — Regular Session Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION NO. 2010 -16 AUTHORIZING THE ACQUISITION OF PROPERTY IN CONNECTION WITH THE REMOVE AND REBUILD PROGRAM (5400 BRYANT AVENUE NORTH) Director of Business and Development Gary Eitel introduced the item to acquire property at 5400 Bryant Avenue North, a single - family foreclosed property. He explained the property was inspected and found to not be a candidate for the NSP Acquisition and Rehab Program but an excellent candidate to acquire through the City's Remove and Rebuild Program. Mr. Eitel stated that GMHC acquired the property through the First Look Program and the total for acquisition and demolition costs is $47,308.17. The house has been removed and the site is now an 11/08/10 -1- attractive lot with trees that abuts Bellvue Park. Mr. Eitel stated this lot will make an excellent infill site for a new single - family home when the market is ready and a good investment for the EDA. Commissioner Ryan stated this is an example where property is more valuable once the structure is removed. Mr. Eitel concurred. Commissioner Ryan stated he wanted to highlight that fact because some observing the City taking down a single - family house, without further inspection, may think it erodes the City's tax base instead of building for the future. Commissioner Lasman noted the purchase would be funded from TIF District 3. Mr. Eitel indicated that is correct and 15 percent of that District is set aside for housing activities, which will also cover maintenance cost until the lot is used as infill development. Commissioner Lasman moved and Commissioner Yelich seconded adoption of EDA RESOLUTION NO. 2010 -16 Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5400 Bryant Avenue North). The Commissioners discussed access to Bellvue Park and noted a public access is located one block from the subject site. Motion passed unanimously. 5. ADJOURNMENT Commissioner Lasman moved and Commissioner Ryan seconded adjournment of the Economic Development Authority meeting at 7:27 p.m. Motion passed unanimously. 11/08/10 -2- 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 November 8, 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 December 13, 2010, Regular Session. T ecretary President 11/08/10 -3-