HomeMy WebLinkAbout1992-253 CCRMember Celia Scott introduced the following resolution
and moved its adoption:
ATTEST:
November 9, 1992
Date
RESOLUTION NO.
92 -253
RESOLUTION APPROVING DEVELOPMENT AGREEMENT WITH EVERGREEN
DEVELOPMENT GROUP
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Brooklyn Center "HRA is the owner of certain real property in the City of
Brooklyn Center legally described as Tract B, registered land survey 1603,
Hennepin County, Minnesota (the "Development Property and
WHEREAS, the Economic Development Authority in and for the City of
Brooklyn Center "EDA has undertaken a program to promote the development of
housing within the City pursuant to Minnesota Statutes, Sections 469.090 to 469.108,
and in connection therewith is engaged in carrying out a housing development
project (the "Project in an area (the "Project Area") in the City; and
WHEREAS, there has been prepared and approved by the EDA and the City
Council a plan for the Project; and
WHEREAS, in connection with the Project, the EDA and City have created a
tax increment district within the Project Area pursuant to Minnesota Statutes,
Sections 469.174 to 469.179; and
WHEREAS, Evergreen Development Group, a North Dakota partnership (the
"Developer has offered to purchase the Development Property and construct
thereon 90 units of multi family housing to be rented to elderly persons, all pursuant
to a proposed Development Agreement by and between the Developer, the City, the
EDA and the HRA (the "Development Agreement and
WHEREAS, the City Council has reviewed the Development Agreement and
determined that the sale of the Development Property and the development thereof
III accordance with the Development Agreement is in the best interests of the City
and its citizens;
NOW, THEREFORE, BE IT RESOLVED that the City Council hereby approves
the Development Agreement and authorizes and directs that the Mayor and Manager
execute the Development Agreement and take such other and additional steps as may
be necessary to carry out the terms thereof.
Todd Paulson, Mayor
Deputy Clerk Q
The motion for the adoption of the foregoing resolution was duly
seconded by member Dave Rosene and upon vote being
taken thereon, the following voted in favor thereof:
Todd Paulson, Celia Scott, Jerry Pedlar, Dave Rosene, and Philip Cohen;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.