HomeMy WebLinkAbout1997-016 EDAR1
1
Commissioner Kay La.sman introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO. 97 -16
RESOLUTION APPROVING SETTLEMENT AGREEMENT FOR
ACQUISITION OF 620 -53RD AVENUE NORTH
WHEREAS, Economic Development Authority (EDA) Resolution No. 97 -04
accepted the appraised value of $148,000 for the real property located at 620 -53rd Avenue North
and authorized the EDA Executive Director to make an offer to purchase the property at 620 -53rd
Avenue North for the approved appraised value; and
WHEREAS, EDA Resolution No. 97 -04 authorized the EDA Executive Director
to authorize payment for relocation benefits to which the owners of 620 -53rd Avenue North are
entitled, pursuant to the City's purchasing policy and the Uniform Relocation Act; and
WHEREAS, the owners of the real property at 620 -53rd Avenue North have
rejected the offer from the Brooklyn Center EDA to purchase the property at 620 -53rd Avenue
North for the appraised value approved by the EDA in Resolution No. 97 -04; and
WHEREAS, the EDA has commenced an action in eminent domain filed in
Hennepin County District Court as Case No. CD -2444 to acquire the property at 620 -53rd Avenue
North by quick take; and
WHEREAS, the owners of 620 -53rd Avenue North have retained legal counsel to
represent their interest in the eminent domain action; and
WHEREAS, the owner's legal counsel has indicated he has obtained an opinion of
value from a licensed appraiser in the amount of $200,000 for the property at 620 -53rd Avenue
North; and
WHEREAS, a negotiated settlement agreement for the acquisition of the real
property at 620 -53rd Avenue North has been prepared by the City Attorney; and
WHEREAS, staff believes the cost of proceeding with the eminent domain action
on the property is likely to exceed the cost of acquiring the property with the settlement
agreement; and
WHEREAS, the Economic Development Authority in and for the City of Brooklyn
Center believes it is in the best interest of the City of Brooklyn Center to acquire the property at
620 -53rd Avenue North pursuant to the terms and conditions of the settlement agreement.
EDA RESOLUTION NO. 97 -16
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City of Brooklyn Center that the settlement agreement prepared for the
acquisition of 620 -53rd Avenue North is hereby approved, and the EDA President and Executive
Director is hereby authorized to execute the settlement agreement and payment is authorized
pursuant to the terms and conditions of the settlement agreement.
May 27, 1997
Date
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Robert Peppe 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.