HomeMy WebLinkAbout2011-030 EDAR Commissioner Kay Lasman introduced the following resolution
and moved its adoption:
EDA RESOLUTION NO. 2011 -30
RESOLUTION AUTHORIZING THE ACQUISITION OF MN /DOT EXCESS
RIGHT OF WAY TO PROMOTE ECONOMIC DEVELOPMENT
OPPORTUNITIES (FORMER DENNY'S RESTAURANT SITE)
WHEREAS, the Brooklyn Center Economic Development Authority, Minnesota
has hereto established Housing Development and Redevelopment Project No. 1 and in 1985
established Tax Increment Financing District No. 2 as a redevelopment district to remedy
conditions of economic obsolescence, physical blight, underutilization of land, extensive soil
corrections which the private sector has not been willing or able to accomplish and correction of
numerous traffic hazards and pedestrian conflicts; and
WHEREAS, in 1994, the district's project area was enlarged to include, the
geographic boundaries of the city and the following additional objectives were added:
• To enhance the tax base of the City.
• To provide maximum opportunity, consistent with the needs of the City, for
redevelopment by private enterprise.
• To better utilize vacant or undeveloped land.
• To attract new businesses.
• To acquire blighted or deteriorated residential propriety for rehabilitation or clearance
and redevelopment; and
WHEREAS, on August 8, 2011, the EDA amended the Tax Increment Financing
Plan for Tax Increment Financing District No. 2 which enabled the use of the 2011 Tax
Increment to fund the following eligible tax increment activities:
- $150,000 for the Brooklyn Boulevard Corridor Transportation Study,
- $350,000 for property acquisitions,
- $170,000 for public improvements, including intersection improvements, street
lighting, and streetscaping, and
- $60,000 for other EDA authorized Transportation/Land Use Studies; and
WHEREAS, Mn/DOT has offered the reconveyance of the excess right of way,
referred to Reconveyance No. 2011 -0038, the remainder of the former Denny's Restaurant Site,
a parcel of land comprising 55,345 sq.ft. for the appraised amount of $108,300; and
WHEREAS, the development of this 1.27 acres in conjunction with the
redevelopment of the 7.39 acre Life Time Fitness Site will maximize the utilization of this land
and enhance the tax base of the City.
EDA RESOLUTION NO. 2011 -30
NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority
in and for the City of Brooklyn Center, Minnesota, as follows:
1. That the City Manager is authorized to proceed with the acquisition of
Mn/DOT's Excess Right of Way from the State Highway 100 and France
Ave. interchange (former Denny's Restaurant Site) for the appraised value of
$108,300.
December 12 2011
Date President
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Dan Ryan
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Carol Kleven, Kay Lasman, and Dan Ryan;
and the following voted against the same: none;
whereupon said resolution was'declared duly passed and adopted.
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