HomeMy WebLinkAbout1998-019 EDAR1
1
Commissioner Carmody introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO. 98 -19
RESOLUTION APPROVING TERMS AND CONDITIONS OF ECONOMIC
DEVELOPMENT AUTHORITY PROPERTIES IN BELLVUE LANE ADDITION
PURSUANT TO MINNESOTA STATUTES SECTION 469.012, SUBDIVISION 1
CLAUSE (7) AND SECTION 469.029
WHEREAS, Resolution 98 -17 provided for a public hearing regarding the sale of
Economic Development Authority (EDA) owned property known as Bellvue Lane Addition and
legally described as:
Lots 9, 10, 11 and 12, Block 2, Bellvue Acres, according to said plat on file and of record in
the office of the County Recorder, Hennepin County, Minnesota, and also lots 9, 10, 11 and
12, Block 3, in said plat and also that part of Lot 13 in said Block 3, which lies Southerly of
a 60.00 foot radius circle, concave to the South, the center point of said circle is described
as follows: Commencing at the Northeast corner of Lot 9, said Block 3, thence Southerly,
along the East line of said Lot 9, a distance of 25.00 feet; thence Westerly, parallel to the
North line of said Lot 9 and its Westerly extension, a distance of 424.19 feet to said center
point, and also that part of vacated 4th Street North (formerly known as 5th Street North, as
dedicated in said plat of BELLVUE ACRES) lying Southerly of a line drawn parallel with and
distant 50.00 feet South of the North line of Lot 9, Block 2, in said plat, and its Easterly
extension (Bellvue Lane Addition); and
WHEREAS, the EDA determined that the buildings located on the properties
described above were dilapidated and obsolescent and the clearance thereof was in the best interest
of the public health and welfare of the City of Brooklyn Center; and
WHEREAS, the property was purchased and the buildings thereon were demolished
by the EDA using Community Development Block Grant funds under the slum and blight clearance
provisions, and also EDA funds; and
WHEREAS, EDA Resolution No. 97 -07 approved an amendment to the project plan
for Housing Development and Redevelopment Project No. 1 whereby the EDA found that such
property is characterized by aging and deteriorating housing stock, and that acquisition of such
property will allow redevelopment of the area for new owner occupied housing, promote added
investment in the project, and prevent the emergence or spread of blight.
WHEREAS, the development of Bellvue Lane Addition with new owner occupied
housing is in accordance with the plans and goals of Housing Development and Redevelopment
Project No. 1 as amended by resolution 97 -07; and
EDA RESOLUTION NO. 98 -19
WHEREAS, after conducting a public hearing the EDA considered the terms and
conditions of the sale of property in Bellvue Lane Addition, which are attached to this resolution; and
WHEREAS, the EDA has determined it is in the best interests of the City of Brooklyn
Center to sell the properties in Bellvue Lane Addition pursuant to the terms and conditions included
with this resolution.
NOW, THEREFORE BE IT RESOLVED by the Economic Development Authority
in and for the City of Brooklyn Center, Minnesota as follows:
11/09/98
Date
1. The base prices of the single family homes to be constructed on the lots in Bellvue
Lane Addition and which are attached to this resolution are hereby approved.
2. The new construction purchase agreement attached to this resolution and the
terms contained therein are hereby approved.
3. The lot premiums for specified lots in the Bellvue Lane Addition which are
attached to this resolution are hereby approved.
4. The protective covenants for Bellvue Lane Addition which are attached to this
resolution are hereby approved.
The motion for the adoption of the foregoing resolution was duly seconded by conunissioner
Lasman 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.