HomeMy WebLinkAbout2014 05-12 EDAM Regular SessionMINUTES OF THE PROCEEDINGS OF THE
ECONOMIC DEVELOPMENT AUTHORITY
OF THE CITY OF BROOKLYN CENTER
IN THE COUNTY OF HENNEPIN AND THE
STATE OF MINNESOTA
REGULAR SESSION
MAY 12, 2014
CITY HALL — COUNCIL CHAMBERS
1. CALL TO ORDER
The Brooklyn Center Economic Development Authority (EDA) met in Regular Session.called to
order by President Tim Willson at 8:30 p.m.
2. ROLL CALL
President Tim Willson and Commissioners Carol Kleven, Kris Lawrence -Anderson, Lin
Myszkowski, and Dan Ryan. Also present were Executive Director Curt Boganey, Public Works
Director/City Engineer Steve Lillehaug, Director of Business and Development Gary Eitel,
Assistant City Manager/Director of Building and Community Standards Vickie Schleuning, City
Attorney Charlie LeFevere, and Mary Mullen, TimeSaver Off Site Secretarial, Inc.
3. APPROVAL OF AGENDA AND CONSENT AGENDA
Commissioner Lawrence -Anderson moved and Commissioner Myszkowski seconded approval
of the Agenda and Consent Agenda, and the following item was approved:
3a. APPROVAL OF MINUTES
1. April 28, 2014 — Regular Session
Motion passed unanimously.
4. COMMISSION CONSIDERATION ITEMS
4a. RESOLUTION NO. 2014-10 APPROVING CONTINUATION OF RENEW
BUYER INCENTIVE PROGRAM AND REAUTHORIZING THE USE OF
FUNDS FROM TAX INCREMENT DISTRICT NO.3 HOUSING ACCOUNT
Executive Director Curt Boganey introduced Assistant City Manager/Director of Building and
Community Standards Vickie Schleuning and invited her to address the EDA. Ms. Schleuning
reviewed the ReNew Buyer Incentive program, adding City staff recommends the allocation of
an additional $100,000 to continue the program.
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Ms. Schleuning stated foreclosures are anticipated to remain historically high for the next few
years, and the City of Brooklyn Center had approximately 500 vacant properties at the end of
2013. She added there are currently 124 ReNew active loans in Brooklyn Center, and $21,000 in
available funding.
Ms. Schleuning stated the program's original goal was to improve and renovate housing stock.
She added it has also attracted potential home buyers to Brooklyn Center. She noted it is a good
program that promotes home ownership and neighborhood revitalization.
Commissioner Kleven asked whether the program is limited to first time buyers. Ms. Schleuning
stated program participants may not own another property, and while most of them are first-time
buyers, it is not a qualification.
Commissioner Ryan asked what percentage of single family housing in Brooklyn Center is
owner -occupied. Ms. Schleuning stated she is unsure of exact numbers, but added there are
approximately 880 single family rental properties in Brooklyn Center.
Commissioner Kleven asked how prospective home buyers can find out about the ReNew
program. Ms. Schleuning stated area realtors are aware of the program, either through the
program website or the Greater Metropolitan Housing Corporation. She added City staff leave
cards with information in vacant properties that are on the market.
President Willson stated he has talked to homeowners who have taken advantage of this plan,
and they have been very pleased with the results.
Commissioner Myszkowski moved and Commissioner Kleven seconded to adopt
RESOLUTION NO. 2014-10 approving Continuation of ReNew Buyer Incentive Program and
Reauthorizing the Use of Funds from Tax Increment District 3 Housing Account.
Motion passed unanimously.
The EDA adjourned to closed City Council Executive Session under the attorney-client privilege
to discuss pending litigation regarding North Valley, Inc. at 8:47 p.m.
The EDA meeting reconvened from closed City Council Executive Session at 9:22 p.m.
5. ADJOURNMENT
Commissioner Ryan moved and Commissioner Kleven seconded adjournment of the Economic
Development Authority meeting at 9:23 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 Secretary of the Economic
Development Authority (EDA) of the City of Brooklyn Center, Minnesota, certifies:
1. That attached hereto is a full, true, and complete transcript of the minutes of a Regular
Session of the Economic Development Authority (EDA) of the City of Brooklyn Center
held on May 12, 2014.
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 Economic Development Authority (EDA) adopted said minutes at its June 9,
2014, Regular Session.
retary
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President