HomeMy WebLinkAbout1999-003 EDARCommissioner Debra Hilstrom
moved its adoption:
EDA RESOLUTION NO. 99 -03
introduced the following resolution and
RESOLUTION APPROVING THE ACQUISITION OF REAL PROPERTY LOCATED
AT 6918 JUNE AVENUE NORTH, AND APPROVING SALES CONTRACT BETWEEN
THE ECONOMIC DEVELOPMENT AUTHORITY AND THE DEPARTMENT OF
HOUSING AND URBAN DEVELOPMENT
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 to demolish or remove the buildings and improvements thereon; and
WHEREAS, the Department of Housing and Urban Development (HUD) has
presented the EDA with a sales contract for the purchase of the property at 6918 June Avenue North
and legally described as: Lot 11, Block 1 Lanes Brooklyn Center Addition; and
WHEREAS, the building located on the property is substandard and obsolescent
within the meaning of Minnesota Statutes, Section 469.012; and
January 11, 1999
WHEREAS, the sale price of the property established by HUD is $55,800; 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 6918 June 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 6918 June
Avenue North prepared by the Department of Housing and Urban Development.
3. The Brooklyn Center Economic Development Authority hereby authorizes the
acquisition of 6918 June Avenue North for the purchase price of $55,800 and
additional closing costs as required by the HUD sales contract, which amount is
to be paid to HUD on the day of closing for the property as per the terms and
conditions of the sales contract.
Date President
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, Debra Hilstrom, Kay Lasman, Ed Nelson, and Robert Peppe;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.