HomeMy WebLinkAbout2014-009 EDAR Commissioner Lin Myszkowski introduced the following resolution
and moved its adoption:
EDA RESOLUTION NO. 2014-09
RESOLUTION AUTHORIZING THE CITY OF BROOKLYN CENTER'S
ECONOMIC DEVELOPMENT AUTHORITY TO SUBMIT A BUSINESS
AND COMMUNITY DEVELOPMENT APPLICATION TO THE
MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC
DEVELOPMENT FOR A MINNESOTA INVESTMENT FUND (MIF) GRANT
FOR THE BENEFIT OF PALMER LAKE BC, LLC (SIGN ZONE, INC.) AND
THE PALMER LAKE PLAZA PROPERTY, LOCATED AT 6850 SHINGLE
CREEK PARKWAY
BE IT RESOLVED that the Economic Development Authority in and for the City
of Brooklyn Center, Minnesota, a body politic and corporate under the laws of the State of
Minnesota ("EDA of Brooklyn Center") act as the legal sponsor for the project contained in the
Business and Community Development Application to be submitted on the State of Minnesota
Department of Employment and Economic Development's Minnesota Investment Fund(MIF)
State Loan Program application, for the benefit of Sign Zone Inc., which is relocating its
business and located the Palmer Lake Plaza facilities and property, located at 6850 Shingle
Creek Parkway,Brooklyn Center, MN 55430; and
BE IT FURTHER RESOLVED, that Tim Willson, President, and Cornelius L.
Boganey, Executive Director of the EDA, are hereby authorized to apply to the Department of
Employment and Economic Development for funding of this project on behalf of the EDA of
Brooklyn Center.
BE IT FURTHER RESOLVED that the EDA of Brooklyn Center has the legal
authority to apply for financial assistance, and the institutional, managerial, and financial
capability to ensure adequate construction, operation, maintenance and replacement of the
proposed project for its design life.
BE IT FURTHER RESOLVED that the EDA of Brooklyn Center has not incurred
any costs and has not entered into any written agreements to purchase property.
BE IT FURTHER RESOLVED that the EDA of Brooklyn Center has not violated
any Federal, State, or local laws pertaining to fraud, bribery, kickbacks, collusion, conflict of
interest or other unlawful or corrupt practice.
BE IT FURTHER RESOLVED that upon approval of its application by the state,
the EDA of Brooklyn Center, may enter into an agreement with the State of Minnesota for the
above-referenced project, and that the EDA of Brooklyn Center certifies that it will comply with
all applicable laws and regulations as stated in all contract agreements and described on the
Compliance Section(S-7) of the Business and Community Development Application.
EDA RESOLUTION NO. 2014-09
BE IT FURTHER RESOLVED that the EDA of Brooklyn Center has obtained
credit reports and credit information from Sign Zone, Inc. and Ed Flaherty, President of Sign
Zone, Inc. and other officers and owners of said company. Upon review by the EDA of
Brooklyn Center and city attorneys with Kennedy and Graven, Chartered, no adverse findings or
concerns regarding, but not limited to, tax liens,judgments, court actions, and filings with state,
federal and other regulatory agencies were identified. Failure to disclose any such adverse
information could result in revocation or other legal action.
NOW, THEREFORE-BE IT RESOLVED that Tim Willson, President of the
EDA and Cornelius L. Boganey,the Executive Director of the EDA, or their successors in office,
are hereby authorized to execute such agreements and amendments thereto, as are necessary to
implement the project(s) on behalf of the applicant.
April 28, 2014 Lam/ mot_-
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.
I CERTIFY THAT the above resolution was adopted by the
Economic Development Authority of Brooklyn Center, Minnesota
on April 28, 2014.
SIGNED:
o ius oganey, ity Manager/
Executiv irector of the EDA
WITNESSED:
Sharon Knutson, City Clerk