HomeMy WebLinkAbout2017 11-27 EDAM Regular SessionMINUTES OF THE PROCEEDINGS OF THE
ECONOMIC DEVELOPMENT AUTHORITY
OF THE CITY OF BROOKLYN CENTER
IN THE COUNTY OF HENNEPIN AND THE
STATE OF MINNESOTA
REGULAR SESSION
NOVEMBER 27, 2017
CITY HALL - COUNCIL CHAMBERS
The Brooklyn Center Economic Development Authority (EDA) met in Regular Session called to
order by President Tim Willson at 7:56 p.m.
tI]IARP
President Tim Willson and Commissioners Marquita Butler, April Graves, Kris Lawrence
Anderson, and Dan Ryan. Also present were Executive Director Curt Boganey, Deputy City
Manager Reggie Edwards, Finance Director Nate Reinhardt, Director of Business and
Development Gary Eitel, City Attorney Troy Gilchrist, and Carla Wirth, TimeSaver Off Site
Secretarial, Inc.
3. APPROVAL OF AGENDA AND CONSENT AGENDA
Commissioner Graves moved and Commissioner Ryan seconded to approve the Agenda and
Consent Agenda, as amended, and the following item was approved:
3a. APPROVAL OF MINUTES
1. November 13, 2017 - Regular Session
Motion passed unanimously.
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5a. RESOLUTION NO. 2017-20 APPROVING A FIFTH AMENDMENT TO
DEVELOPMENT AGREEMENT (SHINGLE CREEK CROSSING PROJECT)
Director of Business and Development Gary Eitel introduced the item, discussed the history, and
stated the purpose of the proposed resolution to approve a fifth amendment to the Development
Agreement for the Shingle Creek Crossing project. He noted the City Council/EDA considered
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the drafting and processing of a Fifth Amendment to the Shingle Creek Crossing Tax Increment
Development Agreement at its November 13, 2017, Study/Work Session. He displayed slides
depicting site plans showing Outlot A, the EDA-owned lot, and described its location.
Mr. Eitel reviewed the components included in the proposed Fifth Amendment: 1) Address the
developer's assignment of its rights to purchase the EDA parcel to Ridgecrest Investors LLC
(dba Told Development); 2) Process the Shingle Creek Crossing 6th Addition, the replat of Lot 1,
Block 2, Shingle Creek Crossing, and Outlot A; 3) Extension of the Additional Improvement
Note Maturity Date to complete the 239,000 square foot additional commercial development
within Shingle Creek Crossing from December 31, 2018 to December 31, 2021; 4)
Redevelopment of the Kohl's lot (Lot 2, Block 2, Shingle Creek Crossing) to the Phase II parcels
identified for the 230,000 square foot of additional improvements that will be constructed and
obtain certificates of occupancy permits; and, 5) Clarifications regarding the placement of a
transitional screening fence on Food Court Pad Sites 9 and 10 pending the future development of
these two pad sites to complete the Food Court improvements.
Mr. Eitel stated the additional commercial development was added in 2011. At that time, Mr.
Gatlin thought he could complete the project in five years but, unfortunately, that has not yet
happened. Mr. Eitel described the site work that is underway and stated he is optimistic that
2018 will be a good year for this project since there is a commitment by the developer to work
with the City of Brooklyn Center.
Mr. Eitel explained that in addition to the components identified in the draft agreement presented
at the November 13, 2017, Work Session, there is a component relating to the EDA's
obligation/payment of $300,000 to Shingle Creek Crossing LLC for the land necessary to
construct the required bio-infiltration basin. He reviewed the recommended revision to
Paragraph 11 and budget issues related to this consideration. Mr. Eitel stated the City Attorney's
office has prepared the resolution before the EDA.
Commissioner Graves moved and Commissioner Ryan seconded to adopt RESOLUTION NO.
2017-20 Approving a Fifth Amendment to Development Agreement (Shingle Creek Crossing
Project).
Motion passed unanimously.
6. ADJOURNMENT
Commissioner Ryan moved and Commissioner Butler seconded adjournment of the Economic
Development Authority meeting at 8:09 p.m.
Motion passed unanimously.
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STATE OF MINNESOTA)
COUNTY OF HENNEPIN) ss. Certification of Minutes
CITY OF BROOKLYN CENTER)
The undersigned, being the duly qualified and appointed Secretary of the Economic
Development Authority (EDA) of the City of Brooklyn Center, Minnesota, certifies:
That attached hereto is a full, true, and complete transcript of the minutes of a Regular
Session of the Economic Development Authority (EDA) of the City of Brooklyn Center
held on November 27, 2017.
2. That said meeting was held pursuant to due call and notice thereof and was duly held at
Brooklyn Center City Hall.
That the Economic Development Authority (EDA) adopted said minutes at its December
11, 2017, Regular Session.
Secretary
President
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