HomeMy WebLinkAbout2011-084 CCR Member Tim Roche introduced the following resolution and
moved its adoption:
RESOLUTION NO. 2011 -84
RESOLUTION APPROVING DEVELOPMENT AGREEMENT (SHINGLE
CREEK CROSSING)
BE IT RESOLVED By the City Council ( "Council ") of the City of Brooklyn Center
( "City ") as follows:
Section 1. Recitals
1.01. The Economic Development Authority of the City of Brooklyn Center, Minnesota
(the "Authority ") has created Housing Development and Redevelopment Project No. 1 (the
"Development District ") pursuant to Minnesota Statutes, Sections 469.090 through 469.1081 and
Sections 469.001 to 469.047, as amended, and Tax Increment Financing District No. 5 (A
Renewal and Renovation District) (the "TIF District "), therein, pursuant to Minnesota Statutes,
Sections 469.174 to 469.1799, as amended within the Development District.
1.02. Gatlin Development Company, Inc. (the "Developer ") has requested that the City
assist the Developer with the financing of certain costs of the development and the renovation of
a portion of the existing Brookdale Mall, excluding the Sears department store, demolishing the
three anchors and all but 123,242 square feet of the mall space. Once complete the development
is expected to include a Walmart Supercenter three junior anchors (approximately 120,735
square feet), four restaurants (approximately 36,065 square feet), six retail stores (approximately
93,645 square feet), plus 123,242 square feet of renovated mall space to be located in the TIF
District (the "Project ") pursuant to a Development Agreement by and among the City, the
Authority and the Developer (the "Agreement").
1.03. The City believes that the development of the Project pursuant to the Agreement,
and fulfillment generally of the Agreement, are in the vital and best interests of the City and the
health, safety, morals, and welfare of its residents, and in accord with the public purposes and
provisions of the applicable State and local laws and requirements under which the development
has been undertaken and is being assisted.
Section 2. CityApproval; Further Proceedings
2.01. The Agreement as presented to the Council is hereby in all respects approved
subject to modifications that do not alter the substance of the transaction and that are approved by
the City Attorney and the City Manager; provided that execution of the Agreement by the Mayor
and City Manager shall be conclusive evidence of approval.
2.02. The Mayor and City Manager are hereby authorized to execute the Agreement on
behalf of the City and to carry out on behalf of the City the City's obligations thereunder.
RESOLUTION NO. 2011 -84
May 23, 2011 !,- ,c'�•yYt C,{/
Date Mayor
ATTEST:
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Kay Lasman
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Carol Kleven Kay Lasman, Tim Roche, and Dan Ryan;
and the following voted against tie same:
none;
whereupon said resolution was declared duly passed and adopted.