HomeMy WebLinkAbout2013 05-13 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
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 LeFeyere, 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 2ND ADDITION (PHASE II EMBASSY PUD)
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
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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 durin g Y the Stud Session would
receive the complete development agreement for review, and indicated it supported the proposal.
The EDA agreed with staff s 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 .2ND 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 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.
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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 May 13, 2013.
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 June 10,
2013, Regular Session.
7'SeAca President
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