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HomeMy WebLinkAbout2009-009 EDAR1 1 Commissioner Kay Lasman moved its adoption: EDA RESOLUTION NO. 2009 -09 introduced the following resolution and RESOLUTION AUTHORIZING THE ACQUISITION OF 5601 LOGAN AVENUE IN CONNECTION WITH THE REMOVE AND REBUILD PROGRAM WHEREAS, on January 12, 2009, the Economic Development Authority in and for the City of Brooklyn Center, Minnesota (the "EDA adopted Resolution No. 2009 -02 establishing housing programs and approving the use of funds from the Tax Increment District No. 3 housing account; and WHEREAS, one of the housing programs so established was the EDA's Remove and Rebuild Program (the "Program to acquire demolished, blighted, distressed, and unmarketable properties to be returned to uses compatible with the neighborhood; and for sale; and WHEREAS, real property located at 5601 Logan Ave. (the "Subject Property is WHEREAS, City staff have negotiated a purchase agreement for the purchase by the EDA of the Subject Property in the amount of $41,550; and WHEREAS, the EDA has determined that acquisition of the Subject Property on the terms and conditions set forth in the proposed purchase agreement is consistent with the goals and objectives of the Program and is in the best interests 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 Secretary 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. N. Mav 26. 2009 Date President The motion for the adoption of the foregoing resolution was duly seconded by commissioner Dan Ryan and upon vote being taken thereon, the following voted in favor thereof: Tim Willson, Kay Lasman, Tim Roche, Dan Ryan, and Mark Yelich; and the following voted against the same: none; whereupon said resolution was declared passed and adopted.