HomeMy WebLinkAbout2015 05-26 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 26, 2015
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 7:53 p.m.
2.ROLL CALL
President Tim Willson and Commissioners April Graves, Kris Lawrence-Anderson, Lin
Myszkowski, and Dan Ryan. Also present were Executive Director Curt Boganey, Director of
Business and Development Gary Eitel, City Attorney Charlie LeFevere, and Carla Wirth,
TimeSaver Off Site Secretarial, Inc.
3.APPROVAL OF AGENDA AND CONSENT AGENDA
Commissioner Myszkowski moved and Commissioner Ryan seconded to approve the Agenda
and Consent Agenda, and the following item was approved:
3a. APPROVAL OF MINUTES
1. March 23, 2015 - Regular Session
Motion passed unanimously.
4.COMMISSION CONSIDERATION ITEMS
4a. RESOLUTION NO. 2015-07 CALLING FOR A PUBLIC HEARING
REGARDING THE SALE OF LAND LOCATED AT 5905 CAMDEN AVENUE
NORTH
Director of Business and Development Gary Eitel introduced the item, discussed the EDA' s
acquisition of this blighted/foreclosed property through the Remove & Rebuild Program, the
successful infill development of single family homes on 5 lots sold by the EDA in 2014, the
proposed plans by Novak & Fleck to construct a 5 bedroom, 2 bath split entry home with a two
car attached garage on this lot, and stated that the purpose of the proposed resolution is to set a
public hearing for June 22, 2015, regarding the sale of land located at 5905 Camden Avenue
North.
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Commissioner Graves moved and Commissioner Myszkowski seconded to adopt
RESOLUTION NO. 2015-07 Calling for a Public Hearing Regarding the Sale of Land Located
at 5905 Camden Avenue North.
Motion passed unanimously
4b. RESOLUTION NO. 2015-08 APPROVING THE LEASE TERMIT/ATION
AGREEMENT (BROOKDALE SQUARE)
Mr. Eitel introduced the item and discussed the history of the EDA' s acquisition of Brookdale
Square property, the significance of this site in the planning and future redevelopment of the
Opportunity Site, and the terms of the leases that were in place when the EDA acquired the
property on December 23, 2013.
Mr. Eitel noted that at the present time, there are two active leases:
- Pep Boys, a 23,000 sq.ft. anchor tenant within the Brookdale Square strip center has 3
years remaining on their 20 year lease (1998-2018) and has four 5 year renewal options.
- Ocean Buffet, an 8,100 sq.ft. out building, originally T.Wrights Restaurant has a 10 year
lease through October, 2012 with one 5 year renewal option.
The EDA was informed that staff had initially been contacted by Pep Boys to discuss a reduction
in lease payments and that after discussions on the City's vision for the redevelopment of the
Opportunity Site; Pep Boys proceeded with the drafting of a termination of lease agreement,
effective June 30, 2015.
At this time, Pep Boys has closed this store and removed all of their business signage.
The EDA acknowledged that the request by Pep Boys for an early termination of their lease will
benefit the City's planning for the redevelopment of this site, result in demolition savings to the
EDA by not having to work around an existing business and avoids the potential of future
relocation costs.
There was further discussion on the following:
- The Ocean Buffet lease was structured by the former owner to provide for a lower rent
rate for the first 5 years with annual increases over the next five years (2016-2021) to
achieve a market lease rate.
- Achieving a market rental rate will enable future considerations of either relocating this
restaurant within the new development or possibly within Shingle Creek Crossing
Development.
- Ocean Buffet has recently expressed an interest in purchasing the property.
- The potential to expand the previous finding of blighted building conditions, which
provides the EDA with the opportunity to establish a new tax increment district to
facilitate future redevelopment and infrastructure improvements.
- The demolition schedule of the buildings within Brookdale Square.
- The potential of promoting and providing rental opportunities for smaller start up
business to locate in Brooklyn Center.
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Mr. Eitel commented on the challenges faced by startup and small businesses, noting that the
City does participate in the Open to Business Program which focuses on assisting business
owners and entrepreneurs in developing business plans and business strategies. Additionally, as
part of the Council's strategic planning for the completion of Phase II Shingle Creek Crossing,
the City has Maxfield Research preparing a market analysis to determine the best markets
available to sustain and complete the development. Also, the consultant has be requested to
include options that the developer may use to assist in small business to locate within the project
5. ADJOURNMENT
Commissioner Lawrence-Anderson moved and Commissioner Graves seconded adjournment of
the Economic Development Authority meeting at 8:19 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 26, 2015.
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 8,
2015, Regular Session.
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