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HomeMy WebLinkAbout1997-006 EDAR1 Commissioner Debra Hilstrom introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 97 -06 RESOLUTION AUTHORIZING ACQUISITION, ESTABLISHING OFFER OF JUST COMPENSATION, AUTHORIZING NEGOTIATION AND EXECUTION OF PURCHASE AGREEMENT, AUTHORIZING PAYMENT FOR ACQUISITION, CLOSING COSTS AND RELOCATION CLAIMS FOR VARIOUS PROPERTIES LOCATED IN THE 53RD AVENUE DEVELOPMENT AND LINKAGE PROJECT WHEREAS, EDA Resolution No. 96 -214 directed the Economic Development Authority in and for the City of Brooklyn Center "Brooklyn Center EDA to administer and execute the 53rd Avenue Development and Linkage Project, including administration and execution of all project activities; and WHEREAS, the following property to be acquired is included in the 53rd Avenue Development and Linkage Project area: 822 -53rd Avenue North WHEREAS, the EDA wishes to provide a procedure for acquiring the above described property by negotiated purchase when possible; and WHEREAS, the Brooklyn Center EDA has reviewed the appraisal report for the real property located at the address listed in paragraph 2 above; and WHEREAS, the fair market value of the real property located at the address listed above has been established by the appraisal for the property; and WHEREAS, it is the intent of the Brooklyn Center EDA to present an offer to the owner of the property listed above based on the appraisal completed on the property. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center as follows: 1. The appraisal referenced in paragraph 4 for the following property is hereby accepted and the fair market value, as established by the appraisal, is hereby established as just compensation for the following property as follows: Property Address Appraised Value 822 -53rd Avenue North $58,000 2. The Brooklyn Center EDA Executive Director is hereby authorized to make a written offer in the amount of the appraised value to the owner of the real property listed in paragraph 1 above for the acquisition of the property. 1 EDA RESOLUTION NO. 97 -06 3. The EDA Executive Director is hereby authorized to negotiate and execute a purchase agreement on behalf of the Brooklyn Center Economic Development Authority for the property listed in paragraph 1 above in the amount determined by the appraisal "Appraised Value in accordance with the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, as amended "Uniform Relocation Act regulations promulgated pursuant thereto, and pursuant to the purchase agreement form attached. 4. In the event in which the owner of the property described in paragraph 1 above does not agree to the sale of such property for the Appraised Value, the EDA Executive Director shall attempt to negotiate with such owner a purchase agreement acceptable to the landowner and secure the execution of such purchase agreement by the owner, which purchase agreement shall be submitted for approval to the EDA Board of Commissioners. 5. A claim for relocation benefits required by the Uniform Relocation Act duly submitted and in accordance with the requirements of the Uniform Relocation Act may be approved by the EDA Executive Director and paid in accordance with the City purchasing policy. February 10, 1997 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, Debra Hilstrom, Kay Lasman, and Robert Peppe; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.