HomeMy WebLinkAbout2001-019 EDARadoption:
Commissioner Bob Peppe
EDA RESOLUTION NO. 2001 -19
introduced the following resolution and moved its
RESOLUTION APPROVING THE ACQUISITION OF REAL PROPERTY LOCATED AT
5912 CAMDEN AVENUE NORTH AND ACCEPTING SALES CONTRACT FOR SAID
PROPERTY
WHEREAS, the Economic Development Authority in and for the City of Brooklyn
Center (EDA) is authorized, pursuant to Minnesota Statutes, Section 469.012, Subdivision 1 clause (7),
within its area of operation, and without the adoption of an urban renewal plan, to acquire real property
and/or to demolish or remove the buildings and improvements thereon or rehabilitate the same; and
WHEREAS, the owner has voluntarily offered a sales contract for the purchase of the
property at 5912 Camden Avenue North and legally described as: Lot 10, Block 1, "Camden Acres"; and
WHEREAS, the buildings located on the aforementioned property are substandard and
obsolescent within the meaning of Minnesota Statutes, Section 469.012; and
WHEREAS, the sale price of said property is $95,000; and
WHEREAS, the EDA Board of Commissioners has determined that it is in the best
interests of the EDA and the public to acquire certain real estate located at 5912 Camden Avenue North.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in
and for the City of Brooklyn Center, Minnesota as follows:
1. The EDA hereby finds and determines that the property is substandard and obsolete
within the meaning of Minnesota Statutes, Section 469.012.
2. The EDA accepts the terms of the sales contract for the property at 5912 Camden
Avenue North.
3. The Brooklyn Center Economic Development Authority hereby authorizes the
Executive Director to enter into a purchase agreement on behalf of the Economic
Development Authority for the acquisition of 5912 Camden Avenue North for a
purchase price not to exceed $95,000 upon such other terms and conditions as will
result in the conveyance to the Economic Development Authority a fee simple title
to the property and the payment of such incidental expenses as are deemed
reasonable by the Executive Director as part of the purchase agreement.
4. The Executive Director is hereby authorized to execute such closing documents as
may be necessary to effectuate the purchase agreement authorized by this resolution
to effect the actual acquisition.
October 8, 2001
Date /'resident
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Kay Lasman and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Kay Lasman, Ed Nelson, Bob Peppe, and Tim Ricker;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.