HomeMy WebLinkAbout2013-011 EDAR Commissioner Lin Mys zkowski introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO. 2013-11
RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY TO
FACILIATE NEIGBHORHOOD IMPROVEMENTS AND REDEVELOPMENT
OPPORTUNITIES WITHIN THE BROOKLYN BOULEVARD CORRIDOR(6927
BROOKLYN BOULEVARD)
WHEREAS,the Brooklyn Center Economic Development Authority,Minnesota has
hereto established Housing Development and Redevelopment Project No. 1,and has established the
Tax Increment Financing District No.3 and adopted a Tax Increment Financing Plan which includes
the following objectives:
• To enhance the tax base of the City
• To provide maximum opportunity,consistent with the needs of the City,for
development by private enterprise
• To better utilize vacant or underdeveloped land
• To attract new businesses
• To acquire blighted or deteriorated residential property for rehabilitation or
clearance and redevelopment
• To develop housing opportunities for market segments underserved by the
City including housing for the disabled and elderly; and
WHEREAS,the Tax Increment Financing Plan for Tax Increment District No. 3
includes a budget of$5,000,000 in the Housing Development Account(Affordable Housing)which
includes the following components:
• Acquisition of Single and Multi-Family Housing
• Rehabilitation of Single and Multi-Family Housing
• Environmental Remediation of Single and Multi-Family Housing Properties,
and;
WHEREAS, real property located at 6927 Brooklyn Boulevard. (the "Subject
Property") is a voluntary sale by the property owner; and
WHEREAS,City staff have negotiated a purchase agreement for the purchase by the
EDA of the Subject Property in the amount of$113,150 ($105,900 purchase price plus relocation
costs of$7,250); and
EDA RESOLUTION NO. 2013-11
WHEREAS,the EDA has determined that acquisition of the Subject Property on the
terms and conditions set forth in the proposed purchase agreement is consistent with the goals and
objectives of the Brooklyn Boulevard Streetscape Amenities Study,the City's Comprehensive Plans,
and the Tax Increment District No. 3 Housing Program and is in the best interests of the City of
Brooklyn Center and its citizens.
NOW,THEREFORE,BE IT RESOLVED by the Economic Development Authority
in and for the City of Brooklyn Center, Minnesota, as follows:
1. The purchase agreement for the Subject Property is hereby approved.
2. The President and Executive Director of the EDA are authorized and directed to
execute the purchase agreement, and the Executive Director is authorized and
directed to take all such further steps as are necessary to effect the terms thereof.
October 28, 2013
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, Kris Lawrence-Anderson, Lin Myszkowski, and Dan Ryan;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.