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HomeMy WebLinkAbout2012 08-27 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 AUGUST 27, 2012 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 7:48 p.m. 2. ROLL CALL President Tim Willson and Commissioners Carol Kleven, Kay Lasman, Lin Myszkowski, and Dan Ryan. Also present were Executive Director Curt Boganey, Director of Community Activities, Recreation and Services Jim Glasoe, 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 I. August 13, 2012—Regular Session Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION NO. 2012-13 APPROVING THE DEVELOPER AGREEMENT FOR NSP III WITH THE GREATER MINNESOTA HOUSING CORPORATION AND THE EXTENSION OF THE DEVELOPER AGREEMENT FOR NSP I WITH THE GREATER MINNESOTA HOUSING CORPORATION Assistant City Manager/Director of Building and Community Standards Vickie Schleuning introduced the item, discussed the history, and stated the purpose of the proposed resolution to approve a development agreement for NSP III with the Greater Minnesota Housing Corporation (GMHC) and an extension of the developer agreement for NSP I with the GMHC. 08/27/12 -1- DRAFT President Willson noted Brooklyn Center is leading the metro area in property value increases and a very lucrative community in which to purchase a starter home. Ms. Schleuning reviewed the total allocation awarded to Brooklyn Center for NSP III and requirements, noting these funds are administered in essentially the same manner as NSP I. She displayed a map of the project area. Ms. Schleuning then reviewed the background of NSP I and displayed a map of that project area. She stated NSP II has similar requirements, displayed the 1 project area, and explained that Hennepin County has indicated these funds are mostly expended. Commissioner Myszkowski asked if the dollars allocated for administrative covers expenses. Ms. Schleuning stated it does not when considering total staff time; however, the benefits to the neighborhoods are significant and important. Commissioner Ryan stated he was struck with the daunting task of keeping regulations and funding streams straight, including those from the federal government. He asked whether GMHC is being used because of its expertise to successfully navigate those issues and assure the funds are properly applied. Ms. Schleuning confirmed that is the case. Commissioner Ryan noted the median income is not very high and asked if properties are matched to appropriate buyers to assure residents do not get into mortgages they cannot afford. Ms. Schleuning stated that is correct. Commissioner Kleven stated she toured seven of the houses and found the new homes greatly enhanced the neighborhoods. She noted that when the homes are sold, the money goes back to the NSP program,not City coffers. President Willson agreed it takes a lot of staff time and dedication to make these programs work but the City has seen a clear benefit and success. He stated he has talked with more than one new owner who was impressed with what the City is doing with housing and crime statistics. Commissioner Lasman stated she is glad to see this program continuing with another phase because it is a great tool to remove blight and get new responsible families into home ownership. Commissioner Lasman moved and Commissioner Ryan seconded adoption of EDA RESOLUTION NO. 2012-13 Approving an NSP 3 Developer Agreement and a First Amendment to NSP I Developer Agreement. Motion passed unanimously. 5. ADJOURNMENT Commissioner Lasman moved and Commissioner Ryan seconded adjournment of the Economic Development Authority meeting at 8:06 p.m. Motion passed unanimously. 08/27/12 -2- DRAFT 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 August 27, 2012. 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 10, 2012, Regular Session. je tart' President 08/27/12 -3-