Loading...
HomeMy WebLinkAbout1986 04-21 HRAP HRA AGENDA CITY OF BROOKLYN CENTER APRIL 21, 1986 7:00 p.m. 1. Call to Order 2. Roll Call 3 Approval of Minutes - April 7, 1986 4. Resolutions: " a. Initiating Modification to Redevelopment Plan and Tax Increment Financing Plan and Requesting City Council to Schedule a Public Hearing on Same 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 APRIL 7, 1986 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 7:05 p.m. ROLL CALL Chairman Dean Nyquist, Commissioners Gene Lhotka, Celia Scott, Bill Hawes, and Rich Theis. Also present were HRA Director Gerald Splinter, Finance Director Paul Holmlund, Director of Public Works Sy Knapp, Director of Planning & Inspection Ron Warren City Attorney y Richard Schieffer, HRA Coordinator Brad Hoffman Personnel Coordinator Geralyn Barone, and Administrative Aid Patti Page. INVOCATION The invocation was offered b Commissioner Theis. is. APPROVAL OF MINUTES MARCH 24 1986 There was a motion by Commissioner Scott and seconded by Commissioner Hawes to approve the minutes of the March 24, 1986 Brooklyn Center Housing and I'- Redevelopment Authority meeting as submitted. The motion passed unanimously. RESOLUTION NO. 86 -05 Member Gene Lhotka introduced the following resolution and moved its adoption: RESOLUTION AUTHORIZING THE EXECUTION OF AN AMENDMENT TO A PETITION AND AGREEMENT REGARDING SPECIAL ASSESSMENTS The motion for the adoption of the foregoing resolution was duly seconded by member Rich Theis, and the motion passed unanimously. ADJOURNMENT There was a motion by Commissioner Scott and seconded by Commissioner Hawes to adjourn the meeting. The motion passed unanimously. The Brooklyn Center Housing and Redevelopment Authority adjourned at 7 :08 p.m. Chairman 4 -7 -86 -1- HRA RESOLUTION NO. RESOLUTION INITIATING MODIFICATION TO REDEVELOPMENT PLAN AND TAX INCREMENT FINANCING PLAN AND REQUESTING CITY COUNCIL TO SCHEDULE A PUBLIC HEARING ON SAME WHEREAS, the Housing and Redevelopment Authority in and for the City of Brooklyn Center, Minnesota, a public body corporate d an politic under the laws of the State of Minnesota ( Authori t y) P ( ) Y has approved a Redevelopment Plan and Tax Increment Financing District (TIF District) described in that certain document entitled "Earle Brown Farm Redevelopment and Tax Increment Financing Plan, City of Brooklyn Center, Minnesota, 1985 ", and has by appropriate action established the TIF District, and applied to the City Council of the City of Brooklyn Center for approval of the Project and the related Tax Increment Financing Plan (Plan); and WHEREAS, the City of Brooklyn Center (City) has by resolu- tion adopted , 1985, duly approved the Project, the Plan and the TIF District; and WHEREAS, the Authority has determined that it is necessary and appropriate in furtherance of the redevelopment of the • District that the Redevelopment Plan and the TIF Plan be modified to designate for acquisition, by condemnation if necessary, a parcel of land included within the TIF District and legally described as: Tract H, Registered Land Survey No. 1380 and to allocate within the budget for the District monies neces- sary for the cost of such acquisition, such modifications being more fully described in the proposed amendment attached hereto as Exhibit A. NOW, THEREFORE, BE IT RESOLVED by the Authority as follows: 1. The Authority hereby proposes that the Earle Brown Farm Redevelopment Plan and Tax Increment Financing Plan dated be modified to designate for acquisition, by condemn tin f a o i necessary, that f land lying within sa t t arcel o a i t Y, P Y g the District and legally described as follows: Tract H, Registered Land Survey No. 1380 and that the budget for the district be modified to allocate monies necessary for the anticipated cost of such acquisi- tion. • 2. The Authority requests that the City schedule a public hearing to consider the proposed modification of the Plan in accordance with the provisions of Minnesota Statutes, Chapter 273. Chairman ATTEST: Executive Director • Exhibit A AMENDMENT TO EARLE BROWN FARM REDEVELOPMENT PROGRAM AND TAX INCREMENT PLAN The Housing and Redevelopment Authority in and for the City of Brooklyn Center, having duly considered the amendments to the Earle Brown Farm Redevelopment Program and Tax Increment Financ- ing Plan hereinafter contained, approves such amendments and requests the City Council of the City of Brooklyn Center to give its approval to the amendments. 1. Page 8: Amend the paragraph entitled "Acquisition, Reloca- tion and Clearance Activities" to read as follows: ACQUISITION, RELOCATION AND CLEARANCE ACTIVITIES It is the intent of the HRA to acquire the Earle ® Brown Farm in order to assure its renovation and preservation. It is further the intent of the HRA to acquire all or part of Tract H, Registered Land Survey No. 1380. The purpose of the acquisition is to provide additional lands for development of the elderly housing project and to provide pedes- trian walkways and similar public amenities Professional property appraisers will recommend a fair market value for the property, and the owners will have a right to obtain independent ap- praisals. Businesses and residents whose property is acquired and are dislocated because of such acquisition will be assisted with their reloca- tion. If the HRA determines it to be necessary, condemnation will be used to acquire the prop - erties designated for acquisition. 2. Page 12: Amend the paragraph entitled "Acquisition Plan" to read as follows: ACQUISITION PLAN Property will be acquired within the tax increment financing district in order to accomplish the objectives set forth in the Redevelopment Plan. Properties to be acquired include 35- 119 -21 -44 -001, 35- 119 -21 -44 -002, Tract H, RLS 1380, and such other properties as the Authority shall, from time to time, determine necessary to accomplish the objectives. All acquisition activities will be according to applicable state and federal laws and regulations. ofessional A pr appraiser will recommend fair market value for each property to be acquired and owners will have the right to obtain independent appraisals and contest the offer in a court of law. 3. Page 14, Table I: Amend Table I to read as follows: TABLE I PROJECTED SOURCES AND USES OF FUNDS Uses of Funds Land Acquisition $2,920,000 Redevelopment 2,000,000 Maintenance 500,000 Administration 239,000 Consultant /Legal 30,000 Contingencies 501,900 Issuance Costs 40 -,000 Discount 99,750 Capitaliz Interest 509,617 Sale Total $6,840,267 Additional Costs: Streetscape 500,000 Improvements 1,300,000 Total Costs $8,640,267 Sources of Funds 1985 Bond Issue $5,250,000 Grants 680,000 Assessments /MSA 1,300,000 Land Sales 650,000 Investment Earnings /Other 760,267 Total $8,640,267 2 Member introduced the following resolution and moved its adoption: HRA RESOLUTION NO. RESOLUTION INITIATING MODIFICATION TO REDEVELOPMENT PLAN AND TAX INCREMENT FINANCING PLAN AND REQUESTING CITY COUNCIL TO SCHEDULE A PUBLIC HEARING ON SAME WHEREAS, the Housing and Redevelopment Authority in and for the City of Brooklyn Center, Minnesota, a public body corporate and politic under the laws of the State of Minnesota (Authority) y) has approved a Redevelopment Plan and Tax Increment t Financing istrict (TIF describe g ( ) d in that certain document entitled "Earle Brown Farm Redevelopment and Tax Increment Financing Plan, City of Brooklyn Center, Minnesota, July 22, 1985 and has by appropriate action established the TIF District,, and applied to the City Council of the City of Brooklyn Center for approval of the Project and the related Tax Increment Financing Plan (Plan); and WHEREAS, the City of Brooklyn Center (City) has by resolution adopted July 22, 1985, duly approved the Project, the Plan and the TIF District; and WHEREAS, the Authority has determined that it is necessary and appropriate infurtherance of the redevelopment of the District that the Redevelopment Plan and the TIF Plan be modified to designate for acquisition, by condemnation if necessary, a parcel of land included within the TIF District and legally described as: Tract H, Registered Land Survey No. 1380 and to allocate within the budget for the District monies necessary for the cost of such acquisition. NOW, THEREFORE, BE IT RESOLVED by the Authority as follows: 1. The Authority hereby proposes that the Earle Brown Farm Redevelopment Plan and Tax Increment Financing Plan dated July 22, 1985 be modified to designate for acquisition, by condemnation if necessary, that parcel of land lying within the District and legally described as follows: Tract H, Registered Land Survey No. 1380 and that the budget for the district be modified to allocate monies necessary for the anticipated cost of such acquisition. 2. The Authority requests that the City schedule -a RESOLUTION NO. public hearing to consider the i P g proposed modification of the Plan n accordance n i e with the provisions of Minnesota Statutes, Chapter 273. Date Chairman The motion for the foregoing resolution was duly- seconded by member and upon vote being taken thereon, P g n, the following voted in favor thereof: and the following voted against the same: whereupon said resolution was declared duly passed and adopted.