HomeMy WebLinkAbout2013 10-28 CCM Work Session MINUTES OF THE PROCEEDINGS OF THE CITY COUNCIL/ECONOMIC
DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER
IN THE COUNTY OF HENNEPIN AND
THE STATE OF MINNESOTA
WORK SESSION
OCTOBER 28, 2013
CITY HALL—COUNCIL CHAMBERS
CALL TO ORDER
The Brooklyn Center City Council/Economic Development Authority (EDA) met in Work
Session called to order by Mayor/President Tim Willson at 9:06 p.m.
ROLL CALL
Mayor/President Tim Willson and Councilmembers/Commissioners Carol Kleven, Kris
Lawrence-Anderson, Lin Myszkowski, and Dan Ryan. Also present were City Manager Curt
Boganey, Director of Business and Development Gary Eitel, Assistant City Manager/Director of
Building & Community Standards Vickie Schleuning, City Attorney Charlie LeFevere, and
Mary Mullen,TimeSaver Off Site Secretarial,Inc.
REVIEW OF PROPOSED AMENDMENT TO TAX INCREMENT
DISTRICT 3 BUDGET AND SALES OF A TAX INCREMENT BOND
City Manager Curt Boganey reviewed the proposed amendment to Tax Increment District 3.
Tom Deneway, Springsted, provided a general overview of the budget and the sale of a tax
increment bond. He added a Public Hearing would be held on this issue on November 12, 2013.
He reviewed TIF District 3, which was established in 1994 and encompasses almost the entire
City. He noted that tax pooling dollars can only be spent within the TIF District or project area,
and 15%of the increment goes into the Affordable Housing Fund.
Mr. Deneway stated the proposed modification to TIF District 3 provides the necessary budget
authority to allow the City to maximize eligible use of the increment. He added that pooling of
tax increment money requires a corresponding budget line item to allow allocated funding to be
spent.
Councilmember/Commissioner Ryan asked, with regard to cash flow for bond issues, whether
the TIF District would still be able to retire its debt by 2021. Mr. Deneway confirmed this,
adding that is statutorily required in any case. Councilmember/Commissioner Ryan stated he
appreciates the conservative assumptions as presented.
Mayor/President Willson expressed his support of the modification, adding the plan is good
economic strategy that fits well with the City's redevelopment plan.
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Councilmember/Commissioner Myszkowski agreed, stating the evening's agenda represents a
variety of items that reflect the City's vision and plans for its future development.
Councilmember/Commissioner Kleven concurred.
The consensus of the City Council/EDA was unanimous support of the TIF District 3
amendment.
ADJOURNMENT
Councilmember/Commissioner Ryan moved and Councilmember/Commissioner Kleven
seconded adjournment of the City Council/Economic Development Authority Work Session at
9:35 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 City Clerk of the City of Brooklyn
Center,Minnesota, certifies:
1. That attached hereto is a full, true, and complete transcript of the minutes of a Work
Session of the City Council of the City of Brooklyn Center held on October 28, 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 City Council adopted said minutes at its November 12, 2013, Regular Session.
City Clerk Mayor
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