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HomeMy WebLinkAbout2004-004 EDAR1 1 1 Commissioner moved its adoption: Kay Lasman EDA RESOLUTION NO. 2004 -04 introduced the following resolution and RESOLUTION AUTHORIZING ECONOMIC DEVELOPMENT AUTHORITY (EDA) EXECUTIVE DIRECTOR TO EXECUTE PURCHASE AGREEMENT FOR THE SALE OF THE EDA OWNED PROPERTY LOCATED AT 419 69 AVENUE NORTH WHEREAS, the Economic Development Authority (EDA) Resolution NO. 2004- 02 provided for a public hearing regarding the sale of the EDA owned property located at 419 69 Avenue North (the Property) pursuant to Minnesota Statutes; and WHEREAS, EDA Resolution No. 2004 -02 directed the EDA Executive Director to prepare a purchase agreement for the sale of the property to Eastbrook Properties, LLC; and WHEREAS, the EDA opened the public hearing on the terms and conditions of the sale of the property to Eastbrook Properties, LLC at its April 12, 2004, meeting; and WHEREAS, after conducting a public hearing, the EDA considered the terms and conditions of the proposed sale of the property to Eastbrook Properties, LLC, as contained in the purchase agreement prepared for the sale of the Property; and WHEREAS, the EDA has determined it is in the best interest of the City of Brooklyn Center to sell the property to Eastbrook Properties, LLC, pursuant to the terms and conditions of the purchase agreement reviewed at its April 12, 2004, meeting. NOW, THEREFORE, BE IT RESOLVED by the EDA in and for the City of Brooklyn Center, Minnesota that the Purchase and Development Agreement attached to this Resolution as Exhibit A is hereby approved and made part of this Resolution. BE IT FURTHER RESOLVED that the Executive Director is hereby authorized and directed to execute the Purchase and Development Agreement and all other documents required for the sale of the EDA owned property to Eastbrook Properties, LLC. April 12, 2004 Date President 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 Lasman, Diane Niesen, and Bob Peppe; and the following voted against the same: none; whereupon said resolution was declared duly passed and adopted.