HomeMy WebLinkAbout2013-016 EDAR Commissioner Carol Kleven introduced the following resolution
and moved its adoption:
EDA RESOLUTION NO. 2013-16
RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY TO
FACILITATE NEIGHBORHOOD IMPROVEMENTS AND
REDEVELOPMENT OPPORTUNITES WITHIN THE BROOKLYN
BOULEVARD COORIDOR(6121 BROOKLYN BOULEVARD)
WHEREAS, the Brooklyn Center Economic Development Authority,
Minnesota, has hereto established Housing Development and Redevelopment Project No, 1 and
has established Tax Increment Financing District No. 3, and has adopted a Tax Increment
Financing Plan THAT 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 real property located at 6121 Brooklyn Boulevard. (the
"Subject Property") is a voluntary sale by the property owner; and
WHEREAS, the property owner Kagel Investment Co. has offered to sell the
subject property to the EDA for the amount of$1,500,000, the same amount they acquired the
property for in 2009; and
WHEREAS, the EDA has determined that acquisition of the Subject Property on
the terms and conditions set forth in the g
ro osed purchase agreement is consistent with the
P P p
goals and objectives of the Brooklyn Boulevard Streetscape Amenities Study, the City's
Comprehensive Plans, 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.
EDA RESOLUTION NO. 2013-16
c= �
November 12, 2013 �
Date President
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Lin Myszkowski
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.