HomeMy WebLinkAbout2013-018 EDAR Commissioner Kris Lawrence-Anderson introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO. 2013-18
RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY TO
FACILITATE TRANSPORTATION IMPROVEMENTS AND
REDEVELOPMENT OPPORTUNITIES WITHIN THE BROOKLYN
BOULEVARD CORRIDOR(6245 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 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 property owner,Brooklyn Center Service,Inc.has retained the real
estate services of CBRE to market the site; and
WHEREAS, the property owner.has offered to sell the subject property to the EDA
for the amount of$280,000,the same amount he acquired the property for in 1993; and
WHEREAS, the EDA has determined that acquisition of the Subj ect 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, the Tax Increment District No. 3 Finance Plan 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. 2013-18
a
November 25 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.