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HomeMy WebLinkAbout1985 11-18 HRAP HRA AGENDA CITY OF BROOKLYN CENTER NOVEMBER 18, 1985 7:05 P.M. 1. Call to Order 2. Roll Call 3. Approval of Minutes - November 4, 1985 4. Resolution: a. Requesting the City to Issue $5.25 Million in Tax Increment Bonds 5. Adjournment MINUTES OF THE PROCEEDINGS OF THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA SPECIAL SESSION NOVEMBER 4, 1985 CITY HALL CALL TO ORDER The_Brooklyn Center Housing and Redevelopment Authority met in special session and was called to order by Chairman Dean Nyquist at 7:11 P.M. ROLL CALL Chairman Dean Nyquist, Commissioners Celia Scott, Bill Hawes, and Rich Theis. Also present were HRA Director Gerald Splinter, Director of Public Works Sy Knapp, Director of Planning & Inspection Ron Warren, Finance Director Paul Holmlund, City Attorney Richard Schieffer, and Deputy City Clerk Geralyn Barone. Commissioner Gene Lhotka was absent from the proceedings of the Brooklyn Center Housing and Redevelopment Authority. APPROVAL OF MINUTES - OCTOBER 21, 1985 There was a motion by Commissioner Scott and seconded by Commissioner Hawes to approve the minutes of the October 21, 1985 Brooklyn Center Housing and Redevelopment Authority meeting as submitted. Voting in favor: Chairman Nyquist, Commissioners Scott, Hawes, and Theis. Voting against: none. The motion passed. RESOLUTIONS The HRA Director introduced a Resolution Amending Earle Brown Farm Tax Increment Plan, and reviewed the changes. Commissioner Theis asked if the HRA is dealing with the zoning now, and the HRA Director responded affirmatively. He added that the City must recognize both the present and future zoning. Commissioner Theis asked if additional zoning changes will be needed, and the HRA Director stated that depending on what is done, some changes may be necessary. RESOLUTION NO. 85 -16 Member Bill Hawes introduced the following resolution and moved its adoption: RESOLUTION AUTHORIZING CERTAIN TECHNICAL ADJUSTMENTS AND REVISIONS TO EARLE BROWN FARM REDEVELOPMENT PLAN AND EARLE BROWN FARM TAX INCREMENT DISTRICT PLAN The motion for the adoption of the foregoing resolution was duly seconded by member Rich Theis, and upon vote being taken thereon, the following voted in favor thereof: Dean Nyquist, Celia Scott, Bill Hawes, and Rich Theis; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted. The HRA Director introduced a Resolution Accepting the Quotation of M.J.Moser Construction Company to Roof Two (2) of the Houses on the Earle Brown Farm. Commissioner Scott asked why the higher bidder has been selected, and the HRA Director said the higher bidder is able to start now while the other bidder could not start for another two to three weeks. 11 -4 -85 -1- RESOLUTION NO. 85 -17 Number Celia Scott introduced the following resolution and moved its adoption: RESOLUTION ACCEPTING THE QUOTATION OF M.J. MOSER CONSTRUCTION COMPANY TO ROOF TWO (2) OF THE HOUSES ON THE EARLE BROWN FARM The motion for the adoption of the foregoing resolution was duly seconded by member Bill Hawes, and upon vote being taken thereon, the following voted in favor thereof: Dean Nyquist, Celia Scott, Bill Hawes, and Rich Theis; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted. The HRA Director introduced a Resolution Authorizing the Execution of an Agreement between the Housing and Redevelopment Authority in and for the City of Brooklyn Center and Westwood Planning and Engineering Company for Planning and Designing a Streetscape Plan for the Earle Brown Farm Tax Increment District. Commissioner Hawes commented that the project seems expensive for a small job, and asked why this is so. The HRA Director explained what is included in the cost. Commissioner Theis asked if action is being taken prior to having a plan, and the HRA Director said that plans are being worked on at this time. Commissioner Hawes asked if the money for this item is budgeted in the overall plan, and the HRA Director responded affirmatively. RESOLUTION NO. 85 -18 Member Rich Theis introduced the following resolution and moved its adoption: RESOLUTION AUTHORIZING THE EXECUTION OF AN AGREEMENT BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF BROOKLYN CENTER AND WESTWOOD PLANNING AND ENGINEERING COMPANY FOR PLANNING AND DESIGNING A STREETSCAPE PLAN FOR THE EARLE BROWN FARM TAX INCREMENT DISTRICT The motion for the adoption of the foregoing resolution was duly seconded by member Celia Scott, and upon vote being taken thereon, the following voted in favor thereof: Dean Nyquist, Celia Scott, and Rich Theis; and the following voted against the same:_ Bill Hawes, whereupon said resolution was declared duly passed and adopted ADJOURNMENT There was a motion by Commissioner Hawes and seconded by Commissioner Scott to adjourn the meeting. Voting in favor: Chairman Nyquist, Commissioners Scott, Hawes, and Theis. Voting against: none. The motion passed. The Brooklyn Center Housing and Redevelopment Authority adjourned at 7:20 p.m. Chairman 0 11 -4 -85 -2- Member introduced the following resolution and moved its adoption: / BROOKLYN CENTER HRA RESOLUTION NO. RESOLUTION DETERMINING NEED FOR FINANCING; REQUESTING THE CITY COUNCIL OF THE CITY OF BROOKLYN CENTER TO AUTHORIZE THE ISSUANCE OF GENERAL OBLIGATION TAX INCREMENT BONDS TO FINANCE PUBLIC REDEVELOPMENT COSTS IN THE EARLE BROWN FARM REDEVELOPMENT PROJECT AREA; AUTHORIZING TAX INCREMENT AGREEMENT WHEREAS, pursuant to the provisions of Minnesota Statutes, Sections 462.11 to 462.585 and Sections 273.71 to 273.78 (the Act) , this Authority has established a Redevelopment Tax Incre ment Financing District (District), and approved a redevelopment project (Project) and a related Tax Increment Financing Plan therefor (TIF Plan) and WHEREAS, the City Council has approved the financing of part or all of the public redevelopment costs of the Project by the issuance of general obligation bond's of the City payable in whole or in part from tax increments derived from the Project (Tax Increments) in accordance with the TIF Plan; and WHEREAS, this Authority has duly requested the Director of q Property Taxation of Hennepin County to certify the original taxable value of the District and to return the resulting Tax' Increments to the Authority to finance the development costs of the Project as identified in the TIF Plan; and WHEREAS, it is the intent of the Authority to utilize the authority granted by Section 273.77 of the Act by requesting the City to issue its general obligation bonds in�one or more series (the Bonds) to finance one or more redevelopments within the Project,. and to pledge the tax increments from the District for -the retirement of the Bonds; and WHEREAS, the Authority expects to authorize the acquisition of certain parcels of land within the Project and to undertake all other actions required by the Act for the redevelopment of the Project; and WHEREAS, it is hereby found and determined that funds will be needed to finance the cost of acquisition, site" improvements, demolition and related costs (Redevelopment Costs) for the Project which are resentl estimated P Y and identified in the TIF Plan as follows RESOLUTION NO. Estimated Pro Costs TOTAL: WHEREAS, the City is authorized by Section 273.77 of the Act, to issue the Bonds if this Authority pledges Tax Increments received from the District for the payment of the principal of and interest on the Bonds issued in aid of the Project; and WHEREAS, the pledge of Tax Increments must be made by written agreement executed by the Authority and the City and filed with the Director of Property Taxation of Hennepin County,, and when such an agreement is made and filed, the City may issue the bonds as provided in Minnesota Statutes, Chapter 475, subject only to the conditions required for bond financing improvements, the costs of which are reimbursable from special assessments. NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelop- ment Authority in and for the City of Brooklyn Center, Minnesota as follows: 1. This Authority hereby, and by and in accordance with the Tax Increment Agreement attached hereto as Exhibit A, pledges and appropriates Tax Increments from the District for the payment of the principal of and interest on Bonds when and if issued by the City in aid of the Project. 2. The form of the Tax Increment Agreement attached hereto as Exhibit A is approved. The Chairperson and Executive Director are authorized and directed to execute the Tax Increment Agreement on behalf of the Authority and to forward it to the City Council with a certified copy of this Resolution. 3. The Authority hereby formally requests- the City Council of the City to authorize the issuance and sale of Bonds in the aggregate principal amount of not to exceed $ to finance the Redevelopment Costs of the Project. 4. The Authority further respectfully informs the City Council that it may, for the reasons set forth in this resolution, request additional series of Bonds in the future to finance the redevelopment costs of other redevelopment within the Project, all in conformance with the TIF Plan and any modification thereto. The Authority, therefore, requests that each series of Bonds issued in aid of the Project, and pursuant to the Tax Increment Agreement, be on a parity with each other series of Bonds so issued and be equally ratably secured by the pledge of the Tax Incremen Agreement and this Resolution. 2 RESOLUTION NO. Date Chairman 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. _