HomeMy WebLinkAbout2016-015 EDARCommissioner Dan Ryan introduced the following resolution
and moved its adoption:
EDA RESOLUTION NO.2016-15
RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY TO
FACILITATE TRANSPORTATION IMPROVEMENTS AND
REDEVELOPMENT OPPORTUNITES WITHIN THE BROOKLYN
BOULEVARD COORIDOR (5401, 5407 & 5415 Brooklyn Boulevard)
WHEREAS, on May 28, 2013, the City Council adopted Resolution No. 2013-60,
a Resolution Adopting the Brooklyn Boulevard Corridor Study Plan As a Planning and
Development Guide for Brooklyn Boulevard from 1-94 to 49th Avenue.; and
WHEREAS, on December 7, 2015, the City Council adopted Resolution No.
2015-184, a Resolution Approving the 2016-2030 Capital Improvements Plan which identified
the southern portion of the Brooklyn Boulevard Improvements, including the 55 t"
intersection improvements, as a 2018 Project; and
WHERESA, on May 9, 2016, the City Council adopted Resolution No. 2016-71,
a Resolution Establishing Improvement Project No. 2018-05, Brooklyn Boulevard
Reconstruction and Streetscape Improvements, 49 Avenue to Bass Lake Road and adopting the
2016 Capital Program; and
WHEREAS, the Brooklyn Center Economic Development Authority, Minnesota
has hereto established Housing Development and Redevelopment Project No. 1, and has
established the Tax Increment Financing District No. 3 and adopted a Tax Increment Financing
Plan which includes the following objectives:
a)To enhance the tax base of the City;
b)To provide maximum opportunity, consistent with the needs of the City,
for development by private enterprise;
C) To better utilize vacant or underdeveloped land;
d)To attract new businesses;
e)To acquire blighted or deteriorated residential property for rehabilitation
or clearance and redevelopment; and
f) To develop housing opportunities for market segments underserved by the
City including housing for the disabled and elderly; and
EDA RESOLUTION NO. 2016-15
WHEREAS, the real properties located at 5401, 5407, and 5415 Brooklyn
Boulevard, Brooklyn Center, Minnesota (the "Subject Properties") are a voluntary sale by the
property owner; and
WHEREAS, City staff have negotiated a purchase agreement for the purchase by
the EDA of the Subject Properties in the amount of $825,000 of which $560,000 is proposed to
be funded by the Capital Improvements Program and $265,000 to be funded by the Tax
Increment District 3 Housing Fund; and
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority of Brooklyn Center, Minnesota as follows:
The purchase agreement for the Subject Properties is hereby approved.
2. The President and Executive Director of the EDA are authorized and
directed to execute the purchase agreement, and the Executive Director is
authorized and directed to take all such further steps as are necessary to
effect the terms thereof.
June 13, 2016
Date President
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Lin Myszkowkjand upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, April Graves, Kris Lawrence-Anderson, Lin Myszkowski, Dan Ryan
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted.