HomeMy WebLinkAbout2017-006 EDARCommissioner April Graves introduced the following resolution
and moved its adoption:
EDA RESOLUTION NO. 2017-06
RESOLUTION AUTHORIZING THE ACQUISITION OF LOT 2, BLOCK 1,
REGAL ROAD DEVELOPMENT ADDITION, HENNEPIN COUNTY,
MINNESOTA TO FACILITATE REDEVELOPMENT OPPORTUNITIES
WITHIN THE NORTHWEST QUADRANT OF THE 1-694 AND HWY 252
INTERCHANGE (6330 CAMDEN AVENUE NORTH)
WHEREAS, the Brooklyn Center Economic Development Authority, Minnesota,
has hereto established Housing Development and Redevelopment Project No 1 and has
established Tax Increment Financing District No. 3, and has adopted a Tax Increment Financing
Plan which includes the following objectives:
- To enhance the tax base of the City,
- To provide maximum opportunity, consistent with the needs of the City for development
by private enterprise,
- To better utilize vacant or underdeveloped land,
- To attract new businesses,
- To acquire blighted or deteriorated residential property for rehabilitation or clearance and
redevelopment,
- To develop housing opportunities for market segments underserved by the City including
housing for the disabled and elderly; and
WHEREAS, the subject property, Lot 2, Block 1, Regal Road Development
Addition, Hennepin County, Minnesota is a 1.62 acre vacant lot within the C-2 Planned Unit
Development of the Regal Road Development; and
WHEREAS, the owners of the Lot 1, Block 1, Regal Road Development Addition
(the Regal Theater Site) have entered into a purchase agreement with Top Golf Brooklyn Center,
LLC. For the redevelopment of this 13.64 acre site located at 6420 Camden Avenue North; and
WHEREAS, On March 14, 2016 the City Council approved Resolution No. 2016-
36, A Resolution Adopting the TH 252 Corridor Study Plan as a Planning and Development
Guide for TH 252 form 1-94 /694 to TH 610; and
WHEREAS, the planned redevelopment of combined acreage of these two
commercial lots provides opportunities to improve the site layout for Top Golf and reserves land
that will provide the City with opportunities to complement the planned transportation
improvements for the future 66th Avenue and TH 252 Interchange; and
WHEREAS, the property owner has agreed to sell the subject property to the
EDA for the amount of $685,000; and
RESOLUTION NO. 2017-06
WHEREAS, Top Golf has provided redevelopment plans for the Regal Road
PUD which illustrates the planned redevelopment of Lots 1 and 2, Block 2 Regal Road
Development Addition for a Top Golf Recreational and Entertainment Facility and an EDA
parcel to facilitate future land use opportunities and transportation improvements associated with
the TH 252 Corridor Improvements.
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.
May 22, 2017
Date President
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Kris LAwrence-Anderson
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Marquita Butler, April Graves, Kris Lawrence-Anderson, Dan Ryan
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted.