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HomeMy WebLinkAbout2013 06-10 EDAPEDA MEETING City of Brooklyn Center June 10, 2013 AGENDA Call to Order —The EDA requests that attendees turn off cell phones and pagers during the meeting. A copy of the full City Council packet, including EDA (Economic Development Authority), is available to the public. The packet ring binder is located at the front of the Council Chambers by the Secretary. 2.Roll Call 3.Approval of Agenda and Consent Agenda —The following items are considered to be routine by the Economic Development Authority (EDA) and will be enacted by one motion. There will be no separate discussion of these items unless a Commissioner so requests, in which event the item will be removed from the consent agenda and considered at the end of Commission Consideration Items. a. Approval of Minutes 1. May 13, 2013 — Regular Session 4. Commission Consideration Items a. Authorizing Acquisition of Multiple Properties in Connection with the Remove and Rebuild Program 1.Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (4812 71st Avenue North) Requested Council Action: —Motion to adopt resolution. 2.Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5338 Logan Avenue North) Requested Council Action: —Motion to adopt resolution. 3.Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5459 Brooklyn Boulevard) Requested Council Action: —Motion to adopt resolution. 4.Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5801 Ewing Avenue North) Requested Council Action: —Motion to adopt resolution. EDA AGENDA -2- June 10, 2013 5.Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (6007 Brooklyn Boulevard) Requested Council Action: —Motion to adopt resolution. 6.Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (7216 Brooklyn Boulevard) Requested Council Action: —Motion to adopt resolution. 7. Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5905 Camden Avenue North) Requested Council Action: —Motion to adopt resolution. 5. Adjournment EDA Agenda Item No. 3a 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 MAY 13, 2013 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 8:27 p.m. 2.ROLL CALL President Tim Willson and Commissioners Carol Kleven, Kris Lawrence-Anderson, 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 Lawrence-Anderson seconded approval of the Agenda and Consent Agenda, and the following item was approved: 3a. APPROVAL OF MINUTES 1. February 25, 2013 — Regular Session Motion passed unanimously. 4.COMMISSION CONSIDERATION ITEMS 4a. LETTER OF INTENT BY MINNESOTA HOSPITALITY, INC. FOR THE PURCHASE AND HOTEL DEVELOPMENT OF LOT 2, BLOCK 1, BROOKLYN FARM 2 ND ADDITION (PHASE II EMBASSY PUB) Executive Director Curt Boganey introduced the item and stated a Letter of Intent was received from Minnesota Hospitality, Inc. providing for the purchase of the Phase II site for the development of a four-story, 81-room, Candlewood Extended Stay Hotel. Director of Business and Development Gary Eitel provided an historical perspective of this property and presented the terms of the Letter of Intent and Development Agreement. He 05/13/13 -1- DRAFT indicated the purchase amount is $500,000 with a closing date scheduled to occur in 2013 after the developer has been issued approval from the InterContinental Hotels Group, received necessary approvals from the EDA and City Council, received a building permit, and has provided the City with its financial commitment. Mr. Eitel described the involved process to consider this project that included a ten-year tax abatement plan similar to the tax abatement for Phase II. Staff recommended a replat/land division to separate portions of the lot occupied by the pond and trail and that the EDA maintain ownership of those areas so it is able to maintain the trails and ponds. The EDA noted it had discussed the Letter of Intent terms during the Study Session, would receive the complete development agreement for review, and indicated it supported the proposal. The EDA agreed with staffs recommendation to keep ownership of the trail and pond to assure it is maintained as it is an asset to this area. Mr. Eitel indicated the sale of this property will provide sufficient financing to install a fountain and if the EDA supports that option, staff will analyze types of fountains and provide a future recommendation. 1. RESOLUTION NO. 2013-03 ACCEPTING MINNESOTA HOSPITALITY, INC.'S LETTER OF INTENT FOR DEVELOPMENT OF LOT 2, BLOCK 1, BROOKLYN FARM 2 ND ADDITION AND AUTHORIZING THE PREPARATION OF A DEVELOPMENT AGREEMENT (PHASE II EMBASSY PUD) Commissioner Ryan moved and Commissioner Myszkowski seconded adoption of RESOLUTION NO. 2013-03 Accepting Minnesota Hospitality, Inc.'s Letter of Intent for Development of Lot 2, Block 1, Brooklyn Farm 2 nd Addition and Authorizing the Preparation of a Development Agreement (Phase II Embassy PUD). Motion passed unanimously. 5. ADJOURNMENT Commissioner Ryan moved and Commissioner Lawrence-Anderson seconded adjournment of the Economic Development Authority meeting at 8:47 p.m. Motion passed unanimously. 05/13/13 -2- DRAFT EDA Agenda Item No. 4a EDA TEM M A MORANDUM DATE: June 10, 2013 TO: Curt Boganey, City Manager FROM: Gary Eitel, Business and Development Director (-4C SUBJECT: Resolution Authorizing the Acquisition of Multiple Properties in Connection with the Remove and Rebuild Program Recommendation: It is recommended that the Economic Development Authority consider approval/adoption of Resolutions Authorizing the Acquisition of Multiple Properties in Connection with the Remove and Rebuild Program (4812 71st Ave N, 5338 Logan Ave N, 5459 Brooklyn Blvd, 5801 Ewing Ave N, 6007 Brooklyn Blvd, and 7216 Brooklyn Blvd, 5905 Camden Ave N). Background: The Remove and Rebuild program has been established to remove blighted properties within the City of Brooklyn Center. Greater Minnesota Housing Corporation has acquired and demolished certain property at the request of the Economic Development Director. The attached resolutions are to approve the purchase of the properties from GMHC. There are seven properties that the city would be purchasing from GMHC. Of those seven properties, six have been demolished. 5905 Camden was recently acquired through a donation and GMHC is in the process of demolishing the property. The purchase price has not yet been determined; however the price will directly reflect the cost associated with the property acquisition and demolition. On January 12, 2009, the EDA adopted Resolution No. 2009-02, A Resolution Establishing Housing Programs and Approving the Use of Funds from Tax Increment District No. 3 Housing Account, which authorized the Remove and Rebuild Program. On October 26, 2009, the EDA adopted Resolution No. 2009-17, A Resolution Authorizing Staff to Acquire Certain Foreclosed Homes within the City and to Execute All Instruments and Contracts Relating Thereto. The EDA's guidelines for acquisition of foreclosed properties include the following: O Properties must be registered as vacant. O Properties would be purchased either with TIF funds or federal Neighborhood Stabilization Program (NSP) funds. O The property would be determined to be blighted as defined by the Minnesota Housing Finance Agency in its application to the Department of Housing and Urban Development (HUD) for NSP funding. O The purchase price could not be more than 65 percent of Hennepin County's latest Estimated Market Value for the property and could not exceed $80,000. O Prior to the acquisition of property, staff would conduct a due diligence investigation to protect the EDA's interest with regard to purchase of the property. Mission: Ensuring an attractive, clean, safe community that enhances the quality of life and preserves the public trust EDA ITEM MEMORANDUM On March 14, 2011, the EDA adopted Resolution No, 2011-05, A Resolution Reauthorizing EDA Resolution 2009-17 Providing Authority to Staff to Acquire Certain Foreclosed Home within the City and to Execute All Instruments and Contracts Related Thereto. On September 12, 2011, the EDA adopted Resolution No. 2011-20 (Resolution Approving Continuation of Certain Housing Programs and Reauthorizing the Use of Funds from Tax Increment District No. 3 Housing Account). This resolution also provided for the continuation of the Remove and Rebuild Program, a program which enables the acquisition and removal of blighted, distressed and unmarketable foreclosed properties. Proposed Acquisition: The following summary reflects the costs associated with the property. Address 4812 71st Ave N 5338 Logan Ave N 5459 Brooklyn Blvd 5801 Ewing Ave N 6007 Brooklyn Blvd 7216 Brooklyn Blvd 5905 Camden Ave N Date Purchased 3130/2011 8/4/2011 10/25/2010 9/28/2011 8/21/2012 4/15/2011 3/21/2013 2013 Tax Valuation/ City Purchase Price $34,400 $32,600 $32,600$32,600 $32,600 $34,350 $32,600 Purchase Price $75,900.00 $45,500.00$82,704.00 $29,900.00 $63,500.00$74,000.00 $0 Acquisition Costs Closing Costs $1,650.34 $1,755.74 $3,416.70 $1,310.13 $1,971.05 $1,430.32 $4616.38 Demolition $11,440.00 $14,400.00 $17,807.00$12,530.00 $15,400.00 $18,800.00 $15,500 (estimate) Holding Costs $14,901.72$10,681.94 $20,998.16$5,099.48 $1,288.86 $12,577.94 $3,000 (estimate) Demo Fee $3,000.00 $3,000.00$3,000.00 $3,000.00 $3,000.00$3,000.00 $3,000.00 Admin Fee $2,000.00$2,000.00 $2,000.00 $2,000.00 $2,000.00 $2,000.00 $2,000.00 Reimbursements Received ($15,090.00)$0.00 $0.00 $0.00 ($15,400.0 0)$0.00 $0.00 Subtotal $93,802.06$77,337.68 $129,925.86 $53,839.61 $71,759.91 $111,808.26$28,116.38 First Half Real Estate Taxes 1289.63429.281292.68 410.15 1123.9 1171.95 0 Estimated Total $95,091.69$77,766.96 $131,218.54 $54,249.76 $72,883.81$112,980.21 $28,116.38 All properties are foreclosed, bank negotiated. 5905 Camden Ave N is a donation property acquired through Building & Community Standards. The other properties were acquired by Business & Development before the responsibility for Housing/HRA was shifted to Building & Community Standards. An unexplainable error occurred with the City's authorization to GMHC to proceed with the acquisition of 5459 Brooklyn Boulevard (a foreclosed property adjoining the Northport Elementary School), that resulted in their acquisition of a property that exceeded the $80,000 policy threshold. Administrative steps are being taken to ensure that future negotiations are ■ ■__ Mission: Ensuring an attractive, clean, safe community that enhances the quality of life and preserves the public trust EDA ITEM MEMO NDUM consistent with policies of the EDA's Remove and Rebuild Program. BUDGET ISSUES: The costs associated with the acquisition, demolition, and property maintenance costs pending its redevelopment will be funded through the Housing Account of Tax Increment District No. 3. The TIF 3 Housing Fund has approximately $990,759 available for new housing initiatives. Additionally, the Housing Fund is scheduled to receive approximately $400,000 in 2013. Tax Increment District No. 3 is a 25 year Redevelopment District that is scheduled to expire in 2021. Council Goals: Strategic: 1. We will stabilize and improve residential neighborhoods Attachments: I.Photos of properties II.EDA Resolution No. 2009-02, Resolution Establishing Housing Programs and Approving the Use of Funds from Tax Increment District No.3 Housing Account III.EDA Resolution No. 2009-17, Resolution Authorizing Staff to Acquire Certain Foreclosed Homes within the City and to Execute All Instruments and Contracts Relating Thereto IV.EDA Resolution No. 2011-05, Resolution Reauthorizing EDA Resolution 2009-17 Providing Authority to Staff to Acquire Certain Foreclosed Home within the City and to Execute All Instruments and Contracts Related Thereto V.EDA Resolution No. 2011-20, Resolution Approving Continuation of Certain Housing Programs and Reauthorizing the Use of Funds from Tax Increment District No. 3 Housing Account VI.Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (4812 71st Avenue) VII.Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5338 Logan Avenue) VIII.Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5459 Brooldyn Blvd) IX.Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5801 Ewing Ave) X.Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (6007 Brooklyn Blvd) XI.Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (7216 Brooklyn Blvd) XII.Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5905 Camden Ave N) •, --■ • ,--_,_ ■ ..... Mission: Ensuring an attractive, clean, safe community that enhances the quality of life and preserves the public trust Attachment I: Photos of Properties 4812 71 st Ave N Photos 5338 Logan Ave N 5459 Brooklyn Blvd N 5801 Ewing Ave N 6007 Brooklyn Blvd , 7216 Brooklyn Blvd - - 5905 Camden Ave N (Property was recently purchased and demolition has not yet occurred, therefore there is no after photo) Attachment II: EDA Resolution No. 2009-02, Resolution Establishing Housing Programs and Approving the Use of Funds from Tax Increment District No.3 Housing Account Commissioner Kay Lamar' introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 2009-02 RESOLUTION ESTABLISHING HOUSING PROGRAMS AND APPROVING THE USE OF FUNDS FROM THE TAX INCREMENT DISTRICT NO. 3 HOUSING ACCOUNT WHEREAS, the increase in mortgage foreclosures and vacant properties in the City of Brooklyn Center (the "City") has resulted in significant problems, including blight and deterioration, health and safety hazards, decreasing property values, and disincentives to reinvestment, among others; and WHEREAS, the Economic Development Authority in and for the City of Brooklyn Center, Minnesota (the "EDA") has determined that it is in the public interest to address these problems by encouraging occupancy and home ownership of such vacant buildings; and WHEREAS, the EDA has reviewed and considered a number of programs as hereinafter established to promote home ownership of foreclosed and vacant properties and to remove blighted, distressed, and unmarketable properties from the City; and WHEREAS, the EDA has determined that it is reasonable and appropriate to use available funds from Tax Increment District No. 3 Housing Account to finance such programs; and WHEREAS, the EDA has determined that it is in the best interests of the public and the public health, safety and welfare of the citizens of the City that the EDA establish such programs and make funds available therefor, all as hereinafter provided; NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota, as follows: I. The EDA hereby establishes its loan assistance programs to promote home ownership of foreclosed and vacant properties. The loan assistance programs include the ReNew Loan Program to provide loans . for down payment and closing cost assistance and the ReNew Grant Program to provide grants for down paynient and closing cost assistance. 2.The EDA hereby establishes its Remove and Rebuild Program to acquire and demolish blighted distressed and unmarketable properties and return the properties to an enhanced, compatible use with the neighborhood. 3.The EDA hereby approves the use of Tax Increment District No. 3 Housing Account funds to fund the ReNew Loan Program, the ReNew Grant Program, and the Remove and Rebuild Program. RESOLUTION NO. 2009-02 4.The EDA hereby approves the proposed CONSULTANT SERVICES AGREEMENT between the Brooklyn Center EDA and the Greater Metropolitan Housing Corporation for the administration of the ReNew Loan Program, The ReNew Grant Program, and the Remove and Rebuild Program. 5.The President and Executive Director of The Economic Development Authority in and for the City of Brooklyn Center are authorized and directed to execute the CONSULTANT SERVICES AGREEMENT with the Greater Metropolitan Housing Corporation for the administration of the above named programs, and to take all such other and further steps as are reasonable and necessary to effect the programs established by this resolution. January 12, 2009 Date President The motion for adoption of the forgoing resolution was duly seconded by commissioner Tim Roche and upon vote being taken thereon, the following voted in favor thereof: Tim Willson, Kay Lasman, Tim Roche, Dan Ryan, and Mark Yelich; and the following voted against same: none; whereupon said resolution was declared duly passed and adopted. Attachment III: EDA Resolution No. 200947, Resolution Authorizing Staff to Acquire Certain Foreclosed Homes within the City and to Execute All Instruments and Contracts Relating Thereto Commissioner Kay Lasman introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 2009-17 RESOLUTION AUTHORIZING AUTHORITY STAFF TO ACQUIRE CERTAIN FORECLOSED HOMES WITHIN THE CITY AND TO EXECUTE ALL INSTRUMENTS AND CONTRACATS RELATED THERETO WHEREAS, the Economic Development Authority of Brooklyn Center ("EDA") has established various housing programs including its Remove and Rebuild Program, an acquisition and demolition program to remove blighted, distressed and unmarketable properties and return the properties to an enhanced condition and use, compatible with the neighborhood (the "Program"); and WHEREAS, the Program is funded with funds from the Tax Increment District #3 ("TIE Funds"); and WHEREAS, in order to expand the effectiveness of the Program, the EDA wishes to directly purchase certain foreclosed properties to demolish and hold the lots for future development, rehabilitate or resell to private entities for development or rehabilitation; and WHEREAS, it is the desire of the EDA to establish certain standards and conditions for such acquisitions and to authorize its Executive Director to proceed therewith without specific EDA approval of each transaction. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center: 1. That the Executive Director, with the assistance of EDA's legal counsel, is hereby authorized to enter into purchase agreements and acquire in the name of the EDA up to ten (10) single family, vacant, foreclosed homes (the "Properties") on the conditions that: a.All properties are registered as vacant properties with the City of Brooklyn Center; and b.The Properties are each acquired with Neighborhood Stabilization Program Stabilization Program ("NSP") Funds or TIF Funds, and are eligible for use of such funding; and c.Each property is a foreclosed property acquired from a lender or a lender's designee; and d.The Properties have been vacant for at least 30 days prior to entering into a purchase agreement; and EDA RESOLUTION NO. 2009-17 The Property is determined to be blighted as defined by the Minnesota Housing Finance Agency in its application to the US Department of Housing and Urban Development (HUD) for NSP funding as follows: A blighted structure is one which, by reason of dilapidation, obsolescence, overcrowding, faulty arrangement or design, lack of ventilation, light, and sanitary facilities, excessive land coverage, deleterious land use, or obsolete layout, or any combination of these or other factors, is detrimental to the safety, health, morals, or welfare of the community: and f.The purchase price is not more than 65 percent of Hennepin County's latest Estimated Market Value for the Property and does not exceed $80,000; and g.Prior to the acquisition of each property, staff conducts appropriate due diligence to protect the EDA's interest. 2.That for purposes of this resolution, "single family" includes any property with fewer than three units. 3.That the Executive Director is authorized to execute such documents as shall be required in order to carry out the delegation provided in paragraph 1 hereof. 4.That the Executive Director shall report the acquisition of any Property pursuant to this Resolution at the next regular EDA meeting. 5.That disposition of acquired Properties shall be only by action of the EDA. 6. That the authority to enter into new purchase agreements granted hereby shall expire twelve (12) months from the date of this Resolution. c->s, October 26, 2009 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, Kay Lasman, Tim Roche, Dan Ryan, and Mark Yelich; and the following voted against the same: none; whereupon said resolution was declared duly passed and adopted. Attachment IV: EDA Resolution No. 2011-05, Resolution Reauthorizing EDA Resolution 2009-17 Providing Authority to Staff to Acquire Certain Foreclosed Home within the City and to Execute All Instruments and Contracts Related Thereto Commissioner Carol Kleven introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 2011-05 RESOLUTION REAUTHORIZING EDA RESOLUTION 2009-17 PROVIDING AUTHORITY TO STAFF TO ACQUIRE CERTAIN FORECLOSED HOMES WITHIN THE CITY AND TO EXECUTE ALL INSTRUMENTS AND CONTRACTS RELATED THERETO WHEREAS, Economic Development Authority (EDA) Resolution 2009-17 established certain standards and conditions which authorized EDA staff to acquire certain foreclosed homes; and WHEREAS, the EDA Board wishes to continue the standards and conditions established by Resolution 2009-17 for the acquisition of foreclosed homes. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of Brooklyn Center, Minnesota: 1. That the Executive Director, with the assistance of EDA's legal counsel, is hereby authorized to enter into purchase agreements and acquire in the name of the EDA up to ten (10) single family, vacant, foreclosed homes (the "Properties") on the conditions that: a.All properties are registered as vacant properties with the City of Brooklyn Center; and b.The Properties are each acquired with Neighborhood Stabilization Program Stabilization Program ("NSP") Funds or TIF Funds, and are eligible for use of such funding; and e. Each property is a foreclosed property acquired from a lender or a lender's designee; and d.The Properties have been vacant for at least 30 days prior to entering into a purchase agreement; and e.The Property is determined to be blighted as defined by the Minnesota Housing Finance Agency in its application to the US Department of Housing and Urban Development (HUD) for NSP funding as follows: A blighted structure is one which, by reason of dilapidation, obsolescence, overcrowding, faulty arrangement or design, lack of ventilation, light, and sanitary facilities, excessive land coverage, deleterious land use, or obsolete layout, or any combination of these or other factors, is detrimental to the safety, health, morals, or welfare of the community: and EDA RESOLUTION NO. 2011-05 f. The purchase price is not more than 65 percent of Hennepin County's latest Estimated Market Value for the Property and does not exceed $80,000; and Prior to the acquisition of each property, staff conducts appropriate due diligence to protect the EDA's interest. 2.That for purposes of this resolution, "single family" includes any property with fewer than three units. 3.That the Executive Director is authorized to execute such documents as shall be required in order to carry out the delegation provided in paragraph 1 hereof. 4.That the Executive Director shall report the acquisition of any Property pursuant to this Resolution at the next regular EDA meeting. 5.That disposition of acquired Properties shall be only by action of the EDA. 6. That the authority to enter into new purchase agreements granted hereby shall expire twelve (12) months from the date of this Resolution. March 14, 2011 (-62e Date President The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Tim Roche and upon vote being taken thereon, the following voted in favor thereof: Tim Willson, Carol Eleven, and Tim Roche; and the following voted against the same: none; whereupon said resolution was declared duly passed and adopted. Attachment V: EDA Resolution No. 2011-20, Resolution Approving Continuation of Certain Housing Programs and Reauthorizing the Use of Funds from Tax Increment District No. 3 Housing Account Commissioner Dan Ryan introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 2011-20 RESOLUTION APPROVING CONTINUATION OF CERTAIN HOUSING PROGRAMS AND REAUTHORIZING THE USE OF FUNDS FROM TAX INCREMENT DISTRICT NO, 3 HOUSING ACCOUNT WHEREAS, the Economic Development Authority of Brooklyn Center, Minnesota (EDA) approved Resolution 2009-02, which established certain housing programs in the City of Brooklyn Center, including the Renew Loan Program, Renew Grant Program and Remove and Rebuild Program (the Housing Programs); and WHEREAS, Resolution 2009-02 authorized the use of Tax Increment Finance District No. 3 Housing Account Funds to fund the Housing Programs; and WHEREAS, mortgage foreclosures and vacant properties continue to be significant problems in the City, resulting in neighborhood blight, deterioration, health and safety hazards, resulting in decreasing property values and disincentives to reinvestment in City neighborhoods, among others; and WHEREAS, the EDA has determined that it is in the public interest to address these problems by encouraging occupancy and home ownership of such vacant and foreclosed buildings; and WHEREAS, the EDA has reviewed the results of the performance of the Housing Programs established to promote home ownership of foreclosed and vacant properties and to remove blighted, distressed and unmarketable properties from the City; and WHEREAS, the EDA has determined that it is reasonable and appropriate to continue to operate the Housing Programs and fund their operation from available funds from the Tax Increment District No. 3 Housing Account; and WHEREAS, the EDA has determined that it is in the best interest of the public and the public health, safety and welfare of the residents of the City that the EDA continue operation of the Housing Programs and make funds available, therefore, all as hereinafter provided. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of Brooklyn Center, Minnesota as follows: EDA RESOLUTION NO, 2011-20 1.The EDA hereby approves the continuation of its loan assistance programs to promote homeownership of foreclosed and vacant properties. The loan assistance programs, including the Renew Loan Program to provide loans for down payment and closing cost assistance and the Renew Grant Program to provide grants for down payment and closing costs assistance, are hereby authorized for funding in the amount of $262,500 which includes administrative expenses. 2.The EDA hereby approves the continuation of its Remove and Rebuild program to acquire and demolish blighted and distressed and unmarketable properties and return the properties to an enhanced, compatible use with the neighborhood. 3.The EDA hereby approves the use of Tax Increment District No. 3 housing account funds to fund the continuation of the Renew Loan Program, the Renew Grant Program, and the Remove and Rebuild Program 4.The President and Executive Director of the Economic Development Authority of Brooklyn Center, Minnesota are hereby authorized and directed to take all such other further steps as are reasonable and necessary to effect the Housing Programs described by this resolution. 02e-.4eaz Date President • The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Kay Lasman 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. September 12, 2011 Attachment VI: Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (4812 71st Avenue) Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY IN CONNECTION WITH THE REMOVE AND REBUILD PROGRAM. (4812 71ST AVENUE) WHEREAS, on January 12, 2009, the Economic Development Authority in and for the City of Brooklyn Center, Minnesota (the "EDA") adopted Resolution No. 2009-02 establishing housing programs and approving the use of funds from the Tax Increment District No. 3 housing account; and WHEREAS, pursuant to EDA Resolution 2009-02, one of the housing programs so established was the EDA's Remove and Rebuild Program (the "Program") to acquire demolished, blighted, distressed, and unmarketable properties to be returned to uses compatible with the neighborhood; and WHEREAS, on March 14, 2011, the EDA adopted Resolution No. 2011-05, A Resolution Reauthorizing EDA Resolution No. 2009-17 Providing Authority to Staff to Acquire Certain Foreclosed Homes within the City and to Execute all Instruments and Contracts Related Thereto; and WHEREAS, on September 12, 2011, the EDA adopted Resolution No. 2011-20, A Resolution Approving the Continuation of Certain Housing Programs and Reauthorizing the Use of Funds from Tax Increment District No. 3 housing Account; and WHEREAS, real property located at 4812 71st Avenue (the "Subject Property") is a vacant foreclosed property that has been purchased by the Greater Minnesota Housing Corporation; and WHEREAS, the subject property met the guidelines established by EDA Resolution No. 2011-05 and a purchase agreement in the amount of $34,400 will be entered into to acquire this property through the City's Remove and Rebuild Program; and WHEREAS, the remaining amount owned after the purchase is estimated at $60,691.69 and will be paid after the property is purchased. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota, as follows: 1. The purchase of the Subject Property is hereby confirmed and staff is directed to proceed with the purchase of 4812 71st Avenue. May 13, 2013 Date President The motion for the adoption of the foregoing resolution was duly seconded by commissioner and upon vote being taken thereon, the following voted in favor thereof: And the following voted against the same: Whereupon said resolution was declared passed and adopted. Attachment VII: Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5338 Logan Avenue) Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY IN CONNECTION WITH THE REMOVE AND REBUILD PROGRAM. (5338 LOGAN AVENUE) WHEREAS, on January 12, 2009, the Economic Development Authority in and for the City of Brooklyn Center, Minnesota (the "EDA") adopted Resolution No. 2009-02 establishing housing programs and approving the use of funds from the Tax Increment District No. 3 housing account; and WHEREAS, pursuant to EDA Resolution 2009-02, one of the housing programs so established was the EDA's Remove and Rebuild Program (the "Program") to acquire demolished, blighted, distressed, and unmarketable properties to be returned to uses compatible with the neighborhood; and WHEREAS, on March 14, 2011, the EDA adopted Resolution No. 2011-05, A Resolution Reauthorizing EDA Resolution No. 2009-17 Providing Authority to Staff to Acquire Certain Foreclosed Homes within the City and to Execute all Instruments and Contracts Related Thereto; and WHEREAS, on September 12, 2011, the EDA adopted Resolution No. 2011-20, A Resolution Approving the Continuation of Certain Housing Programs and Reauthorizing the Use of Funds from Tax Increment District No. 3 housing Account; and WHEREAS, real property located at 5338 Logan Avenue (the "Subject Property") is a vacant foreclosed property that has been purchased by the Greater Minnesota Housing Corporation; and; WHEREAS, the subject property met the guidelines established by EDA Resolution No. 2011-05 and a purchase agreement in the amount of $32,600 will be entered into to acquire this property through the City's Remove and Rebuild Program; and WHEREAS, the remaining amount owned after the purchase is estimated at $45,166.96 and will be paid after the property is purchased. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota, as follows: 1. The purchase of the Subject Property is hereby confirmed and staff is directed to proceed with the purchase of 5338 Logan Avenue. May 13. 2013 Date President The motion for the adoption of the foregoing resolution was duly seconded by commissioner and upon vote being taken thereon, the following voted in favor thereof: And the following voted against the same: Whereupon said resolution was declared passed and adopted. Attachment VIII: Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5459 Brooklyn Blvd) Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY IN CONNECTION WITH THE REMOVE AND REBUILD PROGRAM. (5459 BROOKLYN BLVD) WHEREAS, on January 12, 2009, the Economic Development Authority in and for the City of Brooklyn Center, Minnesota (the "EDA") adopted Resolution No. 2009-02 establishing housing programs and approving the use of funds from the Tax Increment District No. 3 housing account; and WHEREAS, pursuant to EDA Resolution 2009-02, one of the housing programs so established was the EDA's Remove and Rebuild Program (the "Program") to acquire demolished, blighted, distressed, and unmarketable properties to be returned to uses compatible with the neighborhood; and WHEREAS, on March 14, 2011, the EDA adopted Resolution No. 2011-05, A Resolution Reauthorizing EDA Resolution No. 2009-17 Providing Authority to Staff to Acquire Certain Foreclosed Homes within the City and to Execute all Instruments and Contracts Related Thereto; and WHEREAS, on September 12, 2011, the EDA adopted Resolution No. 2011-20, A Resolution Approving the Continuation of Certain Housing Programs and Reauthorizing the Use of Funds from Tax Increment District No. 3 housing Account; and WHEREAS, real property located at 5459 Brooklyn Blvd (the "Subject Property") is a vacant foreclosed property that has been purchased by the Greater Minnesota Housing Corporation; and; WHEREAS, the subject property met the guidelines established by EDA Resolution No. 2011-05 and a purchase agreement in the amount of $32,600 will be entered into to acquire this property through the City's Remove and Rebuild Program; and WHEREAS, the remaining amount owned after the purchase is estimated at $98,618.54 and will be paid after the property is purchased. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota, as follows: 1. The purchase of the Subject Property is hereby confirmed and staff is directed to proceed with the purchase of 5459 Brooklyn Blvd. May 13. 2013 Date President The motion for the adoption of the foregoing resolution was duly seconded by commissioner and upon vote being taken thereon, the following voted in favor thereof: And the following voted against the same: Whereupon said resolution was declared passed and adopted. Attachment IX: Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5801 Ewing Ave) Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY IN CONNECTION WITH THE REMOVE AND REBUILD PROGRAM. (5801 EWING AVENUE) WHEREAS, on January 12, 2009, the Economic Development Authority in and for the City of Brooklyn Center, Minnesota (the "EDA") adopted Resolution No. 2009-02 establishing housing programs and approving the use of funds from the Tax Increment District No. 3 housing account; and WHEREAS, pursuant to EDA Resolution 2009-02, one of the housing programs so established was the EDA's Remove and Rebuild Program (the "Program") to acquire demolished, blighted, distressed, and unmarketable properties to be returned to uses compatible with the neighborhood; and WHEREAS, on March 14, 2011, the EDA adopted Resolution No. 2011-05, A Resolution Reauthorizing EDA Resolution No. 2009-17 Providing Authority to Staff to Acquire Certain Foreclosed Homes within the City and to Execute all Instruments and Contracts Related Thereto; and WHEREAS, on September 12, 2011, the EDA adopted Resolution No. 2011-20, A Resolution Approving the Continuation of Certain Housing Programs and Reauthorizing the Use of Funds from Tax Increment District No. 3 housing Account; and WHEREAS, real property located at 5801 Ewing Ave N (the "Subject Property") is a vacant foreclosed property that has been purchased by the Greater Minnesota Housing Corporation; and; WHEREAS, the subject property met the guidelines established by EDA Resolution No. 2011-05 and a purchase agreement in the amount of $32,600 will be entered into to acquire this property through the City's Remove and Rebuild Program; and WHEREAS, the remaining amount owned after the purchase is estimated at $32,649.79 and will be paid after the property is purchased. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota, as follows: • The purchase of the Subject Property is hereby confirmed and staff is directed to proceed with the purchase of 5801 Ewing Avenue. May 13. 2013 Date President The motion for the adoption of the foregoing resolution was duly seconded by commissioner and upon vote being taken thereon, the following voted in favor thereof: And the following voted against the same: Whereupon said resolution was declared passed and adopted. Attachment X: Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (6007 Brooklyn Blvd) Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY IN CONNECTION WITH THE REMOVE AND REBUILD PROGRAM. (6007 BROOKLYN BLVD) WHEREAS, on January 12, 2009, the Economic Development Authority in and for the City of Brooklyn Center, Minnesota (the "EDA") adopted Resolution No. 2009-02 establishing housing programs and approving the use of funds from the Tax Increment District No. 3 housing account; and WHEREAS, pursuant to EDA Resolution 2009-02, one of the housing programs so established was the EDA's Remove and Rebuild Program (the "Program") to acquire demolished, blighted, distressed, and unmarketable properties to be returned to uses compatible with the neighborhood; and WHEREAS, on March 14, 2011, the EDA adopted Resolution No. 2011-05, A Resolution Reauthorizing EDA Resolution No. 2009-17 Providing Authority to Staff to Acquire Certain Foreclosed Homes within the City and to Execute all Instruments and Contracts Related Thereto; and WHEREAS, on September 12, 2011, the EDA adopted Resolution No. 2011-20, A Resolution Approving the Continuation of Certain Housing Programs and Reauthorizing the Use of Funds from Tax Increment District No. 3 housing Account; and WHEREAS, real property located at 6007 Brooklyn Blvd (the "Subject Property") is a vacant foreclosed property that has been purchased by the Greater Minnesota Housing Corporation; and; WHEREAS, the subject property met the guidelines established by EDA Resolution No. 2011-05 and a purchase agreement in the amount of $32,600 will be entered into to acquire this property through the City's Remove and Rebuild Program; and WHEREAS, the remaining amount owned after the purchase is estimated at $40,283.81 and will be paid after the property is purchased. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota, as follows: 1. The purchase of the Subject Property is hereby confirmed and staff is directed to proceed with the purchase of 6007 Brooklyn Blvd. May 13. 2013 Date President The motion for the adoption of the foregoing resolution was duly seconded by commissioner and upon vote being taken thereon, the following voted in favor thereof: And the following voted against the same: Whereupon said resolution was declared passed and adopted. Attachment XI: Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (7216 Brooklyn Blvd) Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY IN CONNECTION WITH THE REMOVE AND REBUILD PROGRAM. (7216 BROOKLYN BLVD) WHEREAS, on January 12, 2009, the Economic Development Authority in and for the City of Brooklyn Center, Minnesota (the "EDA") adopted Resolution No. 2009-02 establishing housing programs and approving the use of funds from the Tax Increment District No. 3 housing account; and WHEREAS, pursuant to EDA Resolution 2009-02, one of the housing programs so established was the EDA's Remove and Rebuild Program (the "Program") to acquire demolished, blighted, distressed, and unmarketable properties to be returned to uses compatible with the neighborhood; and WHEREAS, on March 14, 2011, the EDA adopted Resolution No. 2011-05, A Resolution Reauthorizing EDA Resolution No. 2009-17 Providing Authority to Staff to Acquire Certain Foreclosed Homes within the City and to Execute all Instruments and Contracts Related Thereto; and WHEREAS, on September 12, 2011, the EDA adopted Resolution No. 2011-20, A Resolution Approving the Continuation of Certain Housing Programs and Reauthorizing the Use of Funds from Tax Increment District No. 3 housing Account; and WHEREAS, real property located at 7216 Brooklyn Blvd (the "Subject Property") is a vacant foreclosed property that has been purchased by the Greater Minnesota Housing Corporation; and; WHEREAS, the subject property met the guidelines established by EDA Resolution No. 2011-05 and a purchase agreement in the amount of $34,350 will be entered into to acquire this property through the City's Remove and Rebuild Program; and WHEREAS, the remaining amount owned after the purchase is estimated at $78,630.21 and will be paid after the property is purchased. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota, as follows: 1. The purchase of the Subject Property is hereby confirmed and staff is directed to proceed with the purchase of 7216 Brooklyn Blvd. May 13. 2013 Date President The motion for the adoption of the foregoing resolution was duly seconded by commissioner and upon vote being taken thereon, the following voted in favor thereof: And the following voted against the same: Whereupon said resolution was declared passed and adopted. Attachment XII: Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5905 Camden Ave N) Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY IN CONNECTION WITH THE REMOVE AND REBUILD PROGRAM. (5905 CAMDEN AVE N) WHEREAS, on January 12, 2009, the Economic Development Authority in and for the City of Brooklyn Center, Minnesota (the "EDA") adopted Resolution No. 2009-02 establishing housing programs and approving the use of funds from the Tax Increment District No. 3 housing account; and WHEREAS, pursuant to EDA Resolution 2009-02, one of the housing programs so established was the EDA's Remove and Rebuild Program (the "Program") to acquire demolished, blighted, distressed, and unmarketable properties to be returned to uses compatible with the neighborhood; and WHEREAS, on March 14, 2011, the EDA adopted Resolution No. 2011-05, A Resolution Reauthorizing EDA Resolution No. 2009-17 Providing Authority to Staff to Acquire Certain Foreclosed Homes within the City and to Execute all Instruments and Contracts Related Thereto; and WHEREAS, on September 12, 2011, the EDA adopted Resolution No. 2011-20, A Resolution Approving the Continuation of Certain Housing Programs and Reauthorizing the Use of Funds from Tax Increment District No. 3 housing Account; and WHEREAS, real property located at 5905 Camden Ave N (the "Subject Property") is a vacant foreclosed property that has been purchased by the Greater Minnesota Housing Corporation as an approved developer on behalf of the City; and; WHEREAS, the subject property met the guidelines established by EDA Resolution No. 2011-05 and a purchase agreement in the amount of the acquisition cost will be entered into to acquire this property through the City's Remove and Rebuild Program. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooldyn Center, Minnesota, as follows: 1. The purchase of the Subject Property is hereby confirmed and staff is directed to proceed with the purchase of 5905 Camden Ave N. May 13. 2013 Date President The motion for the adoption of the foregoing resolution was duly seconded by commissioner and upon vote being taken thereon, the following voted in favor thereof: And the following voted against the same: Whereupon said resolution was declared passed and adopted.