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HomeMy WebLinkAbout2012 10-08 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 OCTOBER 8, 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 7:53 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 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. September 10, 2012—Regular Session Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION NO. 2012-15 APPROVING FIRST AMENDMENT TO PURCHASE AGREEMENT AND FIRST AMENDMENT TO DEVELOPMENT AGREEMENT (SHINGLE CREEK CROSSING) Director of Business and Development Gary Eitel introduced the item, discussed the history, and stated the purpose of the proposed resolution to approve an amendment to the purchase agreement and development agreement for Shingle Creek Crossing. Mr. Eitel presented the amendment requests by the developer that included a one-year extension (from December 31, 2012, to September 30, 2013) to reskin the Food Court building. 10/08/12 -1- It was noted the requested amendments serve to provide the necessary flexibility as the developer is in final negotiations with a desirable tenant. In addition, it allows the reskinning to be done correctly to identify tenants. The EDA acknowledged the presence of Walmart provides a high value improvement and draw for other tenants to develop spaces within the Shingle Creek Crossing. It also generates tax increment to cash flow the project. With regard to Building N, Mr. Eitel explained it was removed to provide parking and expand the Food Court. He confirmed that utilities will not be extended to that lot because it will be permanently incorporated into the Food Court building. Commissioner Lasman moved and Commissioner Ryan seconded adoption of RESOLUTION NO. 2012-15 Approving First Amendment to Purchase Agreement and First Amendment to Development Agreement (Shingle Creek Crossing). Motion passed unanimously. 4b. CONSIDERATION OF APPROVAL OF GRANT APPLICATIONS FOR ADDITIONAL CONTAMINATION CLEANUP OF THE FORMER LIFETIME FITNESS LOCATED AT 4001 LAKEBREEZE AVENUE IN BROOKLYN CENTER Mr. Eitel introduced the item, discussed the history, and stated the purpose of the proposed resolution to approve grant applications for additional contamination cleanup of the former Lifetime Fitness Center. He acknowledged the attendance of Mr. Hyde, representing Real Estate Recyling. President Willson noted all jurisdictions are helping with this project and he is hopeful those entities will provide the grant dollars so the project can move forward. 1. RESOLUTION NO. 2012-16 AUTHORIZING SUBMISSION OF A GRANT APPLICATION TO THE METROPOLITAN COUNCIL FOR THE TAX BASE REVITALIZATION ACCOUNT (LIFETIME FITNESS SITE) Commissioner Lasman moved and Commissioner Myszkowski seconded adoption of RESOLUTION NO. 2012-16 Authorizing the Submission of a Grant Application to the Metropolitan Council for the Tax Base Revitalization Account(Lifetime Fitness Site). Motion passed unanimously. 2. RESOLUTION NO. 2012-17 AUTHORIZING THE ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER, MINNESOTA TO APPLY FOR A CONTAMINATION CLEANUP GRANT FROM THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (LIFETIME FITNESS SITE) 10/08/12 -2- Commissioner Lasman moved and Commissioner Myszkowski seconded adoption of RESOLUTION NO. 2012-17 Authorizing the Economic Development Authority of Brooklyn Center, Minnesota to Apply for a Contamination Cleanup Grant from the Minnesota Department of Employment and Economic Development(Lifetime Fitness Site). Motion passed unanimously. 3. RESOLUTION NO. 2012-18 APPROVING APPLICATION FOR A HENNEPIN COUNTY ENVIRONMENTAL FINANCIAL GRANT (LIFETIME FITNESS SITE) Commissioner Kleven moved and Commissioner Ryan seconded adoption of RESOLUTION NO. 2012-18 Approving an Application for a Hennepin County Environmental Financial Grant (Lifetime Fitness Site). I President Willson stated the City's appreciation to Paul Hyde for his successful work in cleaning contaminated sites in Brooklyn Center. Paul Hyde, representing Real Estate Recycling, provided an update on contamination remediation and indicated they are finalizing costs at this time for the grant application. If the grants are fully funding, it will pay the additional costs to address the deep seam of contaminates that had been found. The EDA discussed the location and types of contamination that had been found. Mr. Hyde provided an update on the high activity for showings and expected tenancy of this property. Motion passed unanimously. 4c. RESOLUTION NO. 2012-19 APPROVING AN NSP 3 FIRST LOOK PROGRAM ACQUISITION AGREEMENT 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 allow the City to participate in the First Look Program for Neighborhood Stabilization. The EDA acknowledged that neighborhood stabilization efforts have proven to be beneficial and leverages the City's limited resources to maintain a favorable ratio of single-family home ownership to rental occupancy. Commissioner Lasman moved and Commissioner Ryan seconded adoption of RESOLUTION NO. 2012-19 Approving an NSP 3 First Look Program Acquisition Agreement. Motion passed unanimously. 10/08/12 -3- 5. ADJOURNMENT Commissioner Lasman moved and Commissioner Ryan seconded adjournment of the Economic Development Authority meeting at 8:28 p.m. Motion passed unanimously. 10/08/12 -4- 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 October 8, 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 December 10, 2012, Regular Session. tary President 10/08/12 -5-