HomeMy WebLinkAbout2014-016 EDAR Commissioner Dan Ryan introduced the following resolution
and moved its adoption:
EDA RESOLUTION NO. 2014-16
RESOLUTION APPROVING A DEVELOPMENT AGREEMENT WITH THE
LUTHER COMPANY, LLLP (REGARDING THE LUTHER HONDA AND
TOYOTA DEALERSHIP FENCE PROJECT)
Section 1. Recitals.
WHEREAS, the EDA has received a proposal from The Luther Company, LLLP,
d/b/a Luther Automotive Group (together with any applicable affiliate, "Luther") that the EDA
assist Luther with certain public costs associated with the construction of decorative masonry
security fence (the "Screening Improvements") in connection with the construction of its Honda
and Toyota dealership facilities(the"Project"); and
WHEREAS, the EDA has caused to be prepared a Tax Increment Development
Agreement by and between the EDA and Luther(the"Development Agreement") setting forth the
terms and conditions under which the EDA will provide assistance for the Screening Improvements;
and
WHEREAS, the EDA has found and determined that the Project has redeveloped
a previously blighted and underutilized site and the Screening Improvements will improve the
screening between the residential properties to the west of the Project,will significantly improve the
safety and security of such residential properties and the Development Property, will assist in
abating noise from Brooklyn Boulevard and I-694 and will be a significant enhancement to the
condition and livability of such residential properties.
Section 2. EDA Approval;Further Proceedings.
NOW, THEREFORE, BE IT RESOLVED the Economic Development Authority
in and for the City of Brooklyn Center hereby approves a Development Agreement with The
Luther Company, LLLP regarding the Luther Honda.and Toyota dealership fence project,based on
the following findings:
2.01. The Development Agreement as presented to the Board is hereby in all
respects approved, in substantially the form submitted, together with any related documents
necessary in connection therewith, and the President and the Executive Director are hereby
authorized and directed to execute the Development Agreement on behalf of the EDA and to carry
out,on behalf of the EDA,the EDA's obligations thereunder; and
2.02. The approval hereby given to the Development Agreement includes
approval of such additional details therein as may be necessary and appropriate and such
modifications thereof, deletions therefrom and additions thereto as may be necessary and
appropriate and approved by legal counsel to the EDA and by the officers authorized herein to
EDA RESOLUTION NO. 2014-16
execute said documents prior to their execution; and said officers are hereby authorized to approve
said changes on behalf of the EDA. The execution of any instrument by the appropriate officers of
the EDA herein authorized shall be conclusive evidence of the approval of such document in
accordance with the terms hereof. In the event of absence or disability of the officers, any of the
documents authorized by this Resolution to be executed may be executed without further act or
authorization of the Board by any duly designated acting official,or by such other officer or officers
of the Board as, in the opinion of the City Attorney,may act in their behalf.
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September 8, 2014
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, 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.