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HomeMy WebLinkAbout2011 06-27 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 JUNE 27, 2011 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 8 :05 p.m. 2. ROLL CALL President Tim Willson and Commissioners Carol Kleven, Kay Lasman, Tim Roche, and Dan Ryan. Also present were Executive Director Curt Boganey, Public Works Director /City Engineer Steve Lillehaug, Director of Business and Development Gary Eitel, EDA/HRA Specialist Tom Bublitz, ADD, 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 Lasman moved and Commissioner Ryan seconded approval of the Agenda and Consent Agenda, and the following item was approved: 3a. APPROVAL OF MINUTES 1. May 23, 2011 Regular Session Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION NO. 2011 -14 AUTHORIZING SUBMISSION OF AN APPLICATION TO THE MINNESOTA HOUSING FINANCE AGENCY FOR COMMUNITY FIX UP FUNDS (CFUF) DESIGNATION AND COMMUNITY REVITALIZATION (CRV) FUNDING EDA/HRA Specialist Tom Bublitz introduced the item, discussed the history, and stated the purpose of the proposed resolution to authorize submission of an application to the Minnesota Housing Finance Agency (MHFA) for Community Fix Up Fund (CFUF) designation and Community Revitalization (CRV) funding. Mr. Bublitz described the program that provided 06/27/11 -1- owner- occupied home rehabilitation loans at below market interest rates. It is estimated Brooklyn Center could fund 50 loans at an average of $15,000 per loan. If approved, the Greater Metropolitan Housing Finance Agency (GMHC) would prepare a joint application for the cities of Brooklyn Center, Richfield, and Crystal. The local match requirement of the CRV grant is estimated at $62,000 and will be funded from the Tax Increment Financing District No. 3 Housing Account. Should the grant be awarded in October of 2011, staff would return to the EDA with details of the program and agreement with GMHC. The City's primary role is to provide information and market the program. The EDA acknowledged there is a great need for this type of program in Brooklyn Center to help maintain neighborhoods. President Willson thanked staff for finding grant opportunities for the benefit of Brooklyn Center's residents. Mr. Bublitz thanked GMHC for its work on this grant. Commissioner Roche moved and Commissioner Lasman seconded adoption of EDA RESOLUTION NO. 2011 -14 Authorizing Submission of an Application to the Minnesota Housing Finance Agency for Community Fix Up Funds (CFUF) Designation and Community Revitalization (CRV) Funding. Motion passed unanimously. 4b. RESOLUTION NO. 2011 -15 APPROVING ADDITIONAL PROJECTS UNDER SPENDING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO.2 Director of Business and Development Gary Eitel introduced the item, discussed the history, and stated the purpose of the proposed resolution to add two programs to the Tax Increment Financing (TIF) Plan for TIF District No. 2. He described the programs to provide financial assistance for acquisition of the Midas site and for the environmental investigation and testing required by the Department of Agriculture for the redevelopment of the former Howe Fertilizer site. He advised that the May 31 deadline was extended by the State to July 1, 2012, and because of that extension, these two projects can be added. President Willson thanked staff for its excellent work on completing this application under a tight deadline. Commissioner Lasman moved and Commissioner Ryan seconded adoption of EDA RESOLUTION NO. 2011 -15 Approving Additional Projects Under Spending Plan for Tax Increment Financing District No. 2. Motion passed unanimously. Executive Director Curt Boganey thanked the EDA for acknowledging staff's efforts and indicated he will convey the EDA's comments to staff. 4c. RESOLUTION NO. 2011 -16 APPROVING PURCHASE AGREEMENT WITH THE CONVEYANCE OF CERTAIN PROPERTY TO SHINGLE CREEK, LLC 06/27/11 -2- Mr. Eitel introduced the item, discussed the history, and stated the purpose of the proposed resolution to approve a purchase agreement and convey property to Shingle Creek, LLC. He displayed maps to describe the location of the subject property and recent Council approvals relating to Shingle Creek Crossing. Mr. Eitel explained that a public hearing is required for the EDA to sell property, which was noticed for tonight, and this consideration requires findings to support the sale as being in the best interest of the City's residents. He described the terms of the purchase agreement, noting the terms follow the TIF agreement provisions. Commissioner Lasman moved and Commissioner Ryan seconded to open the Public Hearing. No one wished to address the EDA. Commissioner Roche moved and Commissioner Ryan seconded to close public hearing. Commissioner Roche moved and Commissioner Ryan seconded adoption of EDA RESOLUTION NO. 2011 -16 Approving Purchase Agreement with the Conveyance of Certain Property to Shingle Creek, LLC. President Willson complimented staff on its efforts to work together to make.the Shingle Creek Crossing project happen, noting it will be a boon for Brooklyn Center from the perspective of economy and jobs. The EDA indicated its concurrence. Mr. Eitel advised that the final closing is scheduled for tomorrow and the developer will then own the site and intends, as quickly as possible, to proceed with demolition. He noted that Walmart is waiting to commence construction under tight timelines to open in 2012. Motion passed unanimously. 5. ADJOURNMENT Commissioner Lasman moved and Commissioner Ryan seconded adjournment of the Economic Development Authority meeting at 8:29 p.m. Motion p assed unanimously. 06/27/11 -3- 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 June 27, 2011. 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 July 25, 2011, Regular Session. tary President 06/27/11 -4-