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Home My WebLink About2016 01-11 EDAPEPA MEETING City of Brooklyn Center January 11, 2016 AGENDA Call to Order —The EDA requests that attendees turn off cell phones and pagers during the meeting. A copy of the full City Council packet, including EDA (Economic Development Authority), is available to the public. The packet ring binder is located at the front of the Council Chambers by the Secretary. 2.Roll Call 3.Approval of Agenda and Consent Agenda —The following items are considered to be routine by the Economic Development Authority (EDA) and will be enacted by one motion. There will be no separate discussion of these items unless a Commissioner so requests, in which event the item will be removed from the consent agenda and considered at the end of Commission Consideration Items. a. Approval of Minutes 1. December 7, 2015 - Special Session 4. Commission Consideration Items a.Resolution Electing Officers for the Economic Development Authority in and for the City of Brooklyn Center Requested Commission Action: —Motion to adopt resolution. b.Resolution Opting Not to Waive Limited Tort Liability for 2016 Requested Commission Action: —Motion to adopt resolution. 5. Adjournment EDA Agenda Item No. 3a MINUTES OF THE PROCEEDINGS OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA SPECIAL SESSION DECEMBER 7, 2015 CITY HALL - COUNCIL CHAMBERS W'I RtIiIJ 1 I) M i The Brooklyn Center Economic Development Authority (EDA) met in Special Session called to order by President Tim Willson at 8:28 p.m. 2.ROLL CALL President Tim Willson and Commissioners April Graves, Lin Myszkowski, and Dan Ryan. Commissioner Kris Lawrence-Anderson was absent and excused. Also present were Executive Director Curt Boganey, Business and Development Director Gary Eitel, Finance Director Nate Reinhardt, and Deputy City Clerk Rozlyn Tousignant. 3.APPROVAL OF AGENDA AND CONSENT AGENDA Commissioner Ryan moved and Commissioner Graves seconded approval of the Agenda and Consent Agenda. Motion passed unanimously. 4.COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION NO. 2015-25 APPROVING THE FINAL BUDGET FOR THE ECONOMIC DEVELOPMENT AUTHORITY OF BROKLYN CENTER, MINNESOTA, FOR FISCAL YEAR 2015 Commissioner Myszkowski moved and Commissioner Ryan seconded to adopt RESOLUTION NO. 2015-25 Approving the Final Budget for the Economic Development Authority of Brooklyn Center, Minnesota, for Fiscal Year 2015. Motion passed unanimously. 5.ADJOURNMENT Commissioner Ryan moved and Commissioner Graves seconded to adjourn the Economic Development Authority meeting at 8:30 p.m. Motion passed unanimously. 12/07/15 -1- DRAFT EDA Agenda Item No. 4a EDA I{TEM MEMORANDUM TO: Curt Boganey, City Manager FROM: Sharon Knutson, City Clerk DATE: January 4, 2016 SUBJECT: EDA Resolution Electing Officers for the Economic Development Authority in and for the City of Brooklyn Center Recommendation: It is recommended that the Economic Development Authority consider adoption of a Resolution Electing Officers for the Economic Development Authority in and for the City of Brooklyn Center. Background: Minn. Stat. 469.096 provides that an Economic Development Authority shall elect a president, treasurer, and secretary on an annual basis. EDA Resolution No. 87-06 also states in Article II, Section 7, that the president, vice-president, secretary, treasurer, and assistant treasurer shall be elected at the animal meeting of the Authority and shall hold office for one year or until successors are elected and qualified. The attached resolution elects such positions for the Economic Development Authority. Budget Issues: There are no budget issues to consider. Attachments Mission: Ensuring an attractive, clean, safe, inclusive coininuint' that enhances the quality of life for al/people an dpreserves f/ic pub/ic (ins! Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION ELECTING OFFICERS FOR THE ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER, MINNESOTA WHEREAS, Minnesota Statutes Section 469.096 provides that an economic development authority shall elect a president, treasurer, and secretary on an annual basis. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of Brooklyn Center, Minnesota, that the Authority hereby elects the following officers to serve through December 31, 2016, or such later date as their successors are elected and qualified: President/Treasurer Tim Willson Vice-President Dan Ryan Assistant Treasurer Nathan Reinhardt Secretary Gary Eitel January 11, 2016 Date President The motion for the adoption of the foregoing resolution was duly seconded by commissioner and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon said resolution was declared duly passed and adopted. EDA Agenda Item No. 4b EA ifEM MEMORANDUM DATE: January 11, 2016 TO: Curt Boganey, City Manager FROM: Nathan Reinhardt, Finance Director SUBJECT: Statutory Tort Liability Limits Recommendation: It is recommended that the Economic Development Authority consider approval/adoption of the attached resolution adopting the no waiver option for statutory tort liability insurance. Background: Each year the EDA must choose whether to waive tort liability limit protections of Miimesota Statutes 466.04 as part of the insurance policy renewal application process. M.S. 466.04 states that the maximum liability for a city for any claim arising after January 1, 2010 is $500,000 with an aggregate maximum of $1,500,000 per incident. In past years the EDA has chosen not to waive the liability limits and the regular premium for insurance has covered all claims. If the EDA were to waive the limits set by statute, it would be prudent to purchase additional insurance coverage to cover possible higher awards in liability claims. Premiums for such insurance would be approximately $3,500 per year. Budget Issues: The 2016 budget anticipates leaving the no waiver option in place for 2016 and has anticipated insurance premiums based on that no waiver option. Waiving the statutory limits would require that approximately $3,500 in additional premium costs be allocated for 2016 and in each succeeding year. Strategic Priorities: Key Infrastructure Investments A'Jissioi,: Eizsiiriiig au attractive, clean, safe community that enhances the quality of life and preserves the public tiuist Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION OPTING NOT TO WAIVE TORT LIABILITY FOR 2016 WHEREAS, the Economic Development Authority of the City of Brooklyn Center has an option to waive its protection under the tort liability limitations contained in Minnesota Statutes 466.04; and WHEREAS, the statutory tort limit for 2016 is $500,000 per individual with an aggregate limit of $1,500,000 per incident; and WHEREAS, the Economic Development Authority of the City of Brooklyn Center has not opted to waive its rights to limited tort liability in past years and is required to make a declaration of its intention every year. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of the City of Brooklyn Center, Minnesota, that the Authority does not waive the monetary limits on municipal tort liability established by Minnesota Statutes 466.02 for 2016. January 11, 2016 Date President The motion for the adoption of the foregoing resolution was duly seconded by commissioner and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon said resolution was declared duly passed and adopted.