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HomeMy WebLinkAbout2005-007 EDARCommissioner Kay Lasman introduced the following resolution and moved its adoption: WHEREAS, the Economic Development Authority "EDA has been advised by the Minnesota Department of Transportation that it is willing to convey certain excess right of way, legally described as follows: That part of Tracts A and B described below: Tract A. That part of Lot 24, Auditor's Subdivision Number 310, shown as Parcel 17 on Minnesota Department of Transportation Right of Way Plat No. 27 -20 as the same is on file and of record in the office of the County Recorder in and for Hennepin County, Minnesota; Tract B. Lots 25, 26 and the south 112 feet of Lot 27, Auditor's Subdivision Number 310, according to the plat thereof on file and of record in the office of the County Recorder in and for Hennepin County, Minnesota; which lies westerly of Line 1 described below: Line 1. RESOLUTION AUTHORIZING THE ACQUISITION OF EXCESS MN/DOT RIGHT OF WAY PROPERTY AND SALE OF PROPERTY TO EASTBROOK PROPERTIES, LLC Commencing at Right of Way Boundary Corner B35 as shown on said Plat No. 27- 20; thence westerly on an azimuth of 269 degrees 35 minutes 20 seconds along the boundary of said plat for 195.49 feet to the point of beginning of Line 1 to be described; thence on an azimuth of 354 degrees 58 minutes 30 seconds for 268.52 feet; thence on an azimuth of 89 degrees 35 minutes 20 seconds for 129.14 feet; thence on an azimuth of 355 degrees 02 minutes 49 seconds for 112.35 feet to Right of Way Boundary Corner B40 as shown on said Plat No. 27 -20 and there terminating; Subject to the following restriction: No access shall be permitted to Trunk Highway No. 110, renumbered 252, from the lands herein conveyed. (the "Property") to the EDA; an EDA RESOLUTION NO. 2005 -07 1 EDA RESOLUTION NO. 2005 -07 WHEREAS, the EDA has determined that such Property is under utilized, is not being put to any productive use and is in danger of being or becoming a blight or blighting influence on the City of Brooklyn Center and that acquisition of the Property and development thereof with single family residential housing would be in the best interest of the City and its people and would further the general plan for economic development of the City; and WHEREAS, the EDA has received a proposal for the purchase of the Property from Eastbrook Properties, LLC (the "Purchase Agreement and WHEREAS, a public hearing was conducted on March 14, 2005, and continued to April 11, 2005, in accordance with Minnesota Statutes, Section 469.105; WHEREAS, the EDA has determined that sale of the Property on the terms and conditions proposed is advisable, in the public interest, and will serve the ends of Minnesota Statutes, Sections 469.090 to 469.108. NOW THEREFORE, BE IT RESOLVED, by the Brooklyn Center Economic Development Authority, as follows: 1. The Executive Director is authorized and directed to take such steps as are necessary to acquire title to the Property from the Minnesota Department of Transportation. 2. The President and Executive Director are authorized and directed to execute the Purchase and Development Agreement and take all steps necessary to effect conveyance of the Property in accordance therewith. April 11, 2005 Date C1-)1 Presi ent The motion for the adoption of the foregoing resolution was duly seconded by commissioner Kathleen Carmody and upon vote being taken thereon, the following voted in favor thereof: Myrna Kragness, Kathleen Carmody, Kay Tasman, Diane Niesen, and Mary O'Connor; and the following voted against the same: none; whereupon said resolution was declared duly passed and adopted.