HomeMy WebLinkAbout2016-016 EDARCommissioner Dan Ryan introduced the following resolution and moved its
adoption:
EDA RESOLUTION NO. 2016 - 16
RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY TO
FACILITATE NEIGHBORHOOD IMPROVEMENTS AND
REDEVELOPMENT OPPORTUNITIES WITHIN THE BROOKLYN
BOULEVARD CORRIDOR (6939 BROOKLYN BOULEVARD)
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
WHEREAS, the real property located at 6939 Brooklyn Boulevard, Brooklyn
Center, Minnesota (the "Subject Property") is 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 Property in the amount of $158,000; and
WHEREAS, the EDA has determined that acquisition of the Subject Property on
the terms and conditions set forth in the proposed purchase agreement are consistent with the
goals and objectives of the Brooklyn Boulevard Streetscape Amenities Study, the City's
Comprehensive Plans, the Objectives of Tax Increment District No. 3 and is in the best interests
of the City of Brooklyn Center and its citizens.
EDA RESOLUTION NO. 2016-16
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority of Brooklyn Center, Minnesota as follows:
1.The purchase agreement for the Subject Property 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 Myszkowski
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, April Graves, Kris Lawrence-Anderson, Lin Myszkowski, Dan Ryanand the following voted against the same:
whereupon said resolution was declared duly passed and adopted.