HomeMy WebLinkAbout1999-010 EDAR1
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Commissioner
moved its adoption:
Ed Nelson
EDA RESOLUTION NO. 99 -10
introduced the following resolution and
RESOLUTION AUTHORIZING EXECUTION OF CERTAIN CLOSING DOCUMENTS
RELATIVE TO THE SALE OF HOMES IN BELLVUE LANE ADDITION
WHEREAS, EDA Resolution No. 98 -19 approved the terms and conditions of the
sale of properties in the Bellvue Lane Addition as set forth in a purchase agreement form and
pursuant to Minnesota Statutes Section 469.012, subdivision 1 clause (7) and Section 469.029; and
WHEREAS, properties in Bellvue Lane Addition have been sold pursuant to the terms
and conditions set forth in the purchase agreement approved by Resolution No. 98 -19; and
WHEREAS, certain documents relative to the closing of the sale of homes in Bellvue
Lane Addition require a signature on behalf of the Economic Development Authority in and for the
City of Brooklyn Center.
NOW, THEREFORE BE IT RESOLVED by the Economic Development Authority
in and for the City of Brooklyn Center, Minnesota as follows:
March 22, 1999
1. The EDA Executive Director is hereby authorized to execute the necessary
closing documents relative to the sale of properties in Bellvue Lane Addition
including Affidavit Regarding Corporation, Warranty Deed, Sale/Purchase
Acknowledgment and Indemnity and Mechanic's Lien Indemnity Agreement.
2. The Community Development Specialist is hereby authorized to sign the
settlement statement and supplementary forms to the settlement statement
relative to the sale of properties in Bellvue Lane Addition.
Date Presiden
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Debra Hi1 strom and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Debra Hi_ lstrom, Kay lasman, Ed Nelson, and Rober Peppe;'
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.
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Mr. McCauley noted that one of the potential buyers did not qualify and the lot will be available to
the next person who qualifies to build the home.
Commissioner Hilstrom requested to have an update and time lines for the greenway.
RESOLUTION NO. 99 -10
Commissioner Nelson introduced the following resolution and moved its adoption:
RESOLUTION AUTHORIZING EXECUTION OF CERTAIN CLOSING DOCUMENTS
RELATIVE TO THE SALE OF HOMES IN BELLVUE LANE ADDITION
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Hilstrom. Motion passed unanimously.
4b. REPORT ON 69TH AND BROOKLYN BOULEVARD
Mr. McCauley reported that the redevelopment agreement automatically terminated at 4:30 p.m. on
March 16, 1999. Pursuant to the terms of the addendum, the redeveloper was required to provide
written proof to the EDA prior to 4:30 p.m. on March 16, 1999, that all portions of the
redevelopment property had been acquired by the redeveloper, other then those parcels owned by the
EDA. The redeveloper had not provided the written documentation prescribed in the redevelopment
agreement and its addendum. Thus, the EDA has certain rights pursuant to the addendum to acquire
property from the redeveloper, if it so chooses.
Mr. McCauley anticipated seeking RFPs sometime this spring. The EDA would look for developers
who would be ready to proceed with demonstrated financing.
5. ADJOURNMENT
A motion by Commissioner Hilstrom, seconded by Commissioner Nelson to adjourn the meeting
at 8:11 p.m. Motion passed unanimously.
President
03/22/99 -2-