HomeMy WebLinkAbout2017-004 EDARCommissioner Dan Ryan introduced the following
resolution and moved its adoption:
EDA RESOLUTION NO. 2017-04
RESOLUTION AUTHORIZING THE ACQUISITION OF BLIGHTED
PROPERTY IN CONNECTION WITH THE REMOVE AND REBUILD
PROGRAM (5315 James Avenue North)
WHEREAS, Tax Increment Finance (TIF) District No. 3 was created in 1994 as a
Redevelopment District to provide assistance to various commercial redevelopment and housing
development projects within the District. The housing objectives included the following:
• To acquire blighted or deteriorated residential property for rehabilitation or clearance and
redevelopment; and
• To develop housing opportunities for market segments underserved by the City including
housing for the disabled and elderly; and
WHEREAS, On January 12, 2009, the EDA adopted Resolution No. 2009-02, "A
Resolution Establishing Housing Programs and Approving the Use of Funds from the Tax
Increment District No. 3 Housing Account" which authorized the following:
• The creation of the Renew Loan and Renew Grant programs.
• The creation of the Remove and Rebuild program.
• The initial budgets for the Renew Loan and Renew Grant Program and Remove and
Rebuild Program.
• The use of the Greater Metropolitan Housing Corporation to administer the programs;
and
WHEREAS, the Remove & Rebuild Program was created to remove blighted,
distressed, and unmarketable properties and to return these properties to an enhanced and
compatible use with the neighborhood and consistent with zoning regulations and the City's
Comprehensive Plan; and
WHEREAS, on January 11, 2017, a house fire at 5315 James Avenue North
caused extensive damage to the interior and exterior of this residence resulting in the home to be
declared to be uninhabitable and a blighted building; and
WHEREAS, the real property located at 5315 James Avenue North, (the "Subject
Property") is a voluntary sale of a vacant and uninhabitable single family residence for the
amount of $20,000 (the 2017 assessed land value of $35,000 minus the estimated demolition
costs of $15,000).
WHEREAS, the EDA has determined acquisition of the Subject Property is
consistent with the goals and objectives of the Tax Increment District No. 3 Housing Program
RESOLUTION NO. 2017-04
and is in the best interest of the City of Brooklyn Center and its citizens.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City 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.
March 27, 2017
Date President
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
April Graves
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Marquita Butler, April Graves, Dan Ryan
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted.