HomeMy WebLinkAbout2011 09-12 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
SEPTEMBER 12, 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 9:23 p.m.
2. ROLL CALL
President Tim Willson and Commissioners Carol Kleven, Kay Lasman, and Dan Ryan. Also
present were Executive Director Curt Boganey, 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 Ryan moved and Commissioner Lasman seconded approval of the Agenda and
Consent Agenda, and the following item was approved:
3a. APPROVAL OF MINUTES
1. August 8, 2011— Regular Session
Motion passed unanimously.
4. COMMISSION CONSIDERATION ITEMS
4a. RESOLUTION NO. 2011 -20 APPROVING CONTINUATION OF CERTAIN
HOUSING PROGRAMS AND REAUTHORIZING THE USE OF FUNDS FROM
TAX INCREMENT DISTRICT NO.3 HOUSING ACCOUNT
Director of Business and Development Gary Eitel introduced the item, discussed the history of
the ReNew Loan Assistance Program, and stated the purpose of the proposed resolution. He
explained this Program provides down payment and closing cost assistance to help increase
home ownership and encourage rehabilitation of foreclosed and vacant homes. He indicated that
92 such loans have closed, three more are scheduled for closing, and one new application has
been received.
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Commissioner Ryan moved and Commissioner Lasman seconded adoption of RESOLUTION
NO. 2011 -20 Approving Continuation of Certain Housing Programs and Reauthorizing the Use
of Funds from Tax Increment District No. 3 Housing Account.
The Commission indicated its support to continue this housing program that has significantly
addressed the negative impact of foreclosures in Brooklyn Center. Staff was recognized for its
outstanding effort to recognize this option to use Tax Increment Financing to create incentive to
purchase vacant homes without impact to the tax levy of existing homeowners. In addition, the
program supports the FDA's goal to stabilize neighborhoods, promote home ownership, and
protect the City's residential nature.
Motion passed unanimously.
5. ADJOURNMENT
Commissioner Lasman moved and Commissioner Ryan seconded adjournment of the Economic
Development Authority meeting at 9:29 p.m.
Motion passed unanimously.
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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 September 12, 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 September
26, 2011, Regular Session.
e retary President
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