HomeMy WebLinkAbout1997-017 EDAR1
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Commissioner
moved its adoption:
Kay Lasman
EDA RESOLUTION NO. 97 -17
introduced the following resolution and
RESOLUTION AUTHORIZING ADMINISTRATIVE SETTLEMENT FOR
ACQUISITION OF PROPERTY IN THE 53RD AVENUE DEVELOPMENT
AND LINKAGE PROJECT
WHEREAS, EDA Resolution No. 97 -03 established a just compensation for
various properties located in the 53rd Avenue Development and Linkage Project; and
WHEREAS, EDA Resolution No. 97 -03 established just compensation for the
property located at 5306 Camden Avenue North, legally described as Lot 12, Block 2, Bellvue
Acres, that part lying south of north 62 feet (the "Property at $52,000; and
WHEREAS, the owner of 5306 Camden Avenue North (the "Property is
deceased and the property is in foreclosure to GE Capital Mortgage; and
WHEREAS, the EDA has commenced an action in eminent domain, filed in
Hennepin County District Court as Case No. CD -2444 (the "Action the purpose of which is
to acquire fee simple title to certain lands, including the Property, for redevelopment purposes;
and
Property; and
WHEREAS, the Brooklyn Center EDA desires to expedite the acquisition of the
WHEREAS, the Uniform Relocation Assistance and Real Property Acquisition
Policies Act of 1970, as amended (Uniform Relocation Act), allows the acquiring agency to
provide for an administrative settlement which would allow the Brooklyn Center EDA to increase
the offer of just compensation; and
WHEREAS, the Brooklyn Center EDA has offered the mortgagor an additional
$3,000 over the appraised value of $52,000 for the property; and
WHEREAS, acquiring the property through negotiated sale avoids the cost of
litigation associated with the eminent domain taking, which costs staff estimates to be in excess
of $3,000.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City of Brooklyn Center that the offer of just compensation made to the
owner of 5306 Camden Avenue North, as part of the acquisition of properties in the 53rd Avenue
Development and Linkage Project, is hereby increased from $52,000 to $55,000.
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EDA RESOLUTION NO. 97 -17
BE IT FURTHER RESOLVED that the EDA Executive Director is hereby
authorized to execute all necessary closing documents to acquire the property at 5306 Camden
Avenue North.
June 9, 1997
Date
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.