HomeMy WebLinkAbout1999-014 EDARCommissioner Robert Peppe
moved its adoption:
EDA RESOLUTION NO. 99 -14
introduced the following resolution and
RESOLUTION APPROVING THE ACQUISITION OF REAL PROPERTY LOCATED
AT 6938 JUNE AVENUE NORTH AND ACCEPTING SALES CONTRACT FOR SAID
PROPERTY
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 owner has voluntarily offered a sales contract for the purchase of the
property at 6938 June Avenue and legally described as: Lot 13, Block 1, Lane's Brooklyn Center
Addition; and
WHEREAS, the buildings located on the aforementioned property are substandard
and obsolescent within the meaning of Minnesota Statutes, Section 469.012; 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 6938 June Avenue North.
NOW, THEREFORE BE IT RESOLVED by the Economic Development Authority
in and for the City of Brooklyn Center, Minnesota as follows:
May 24, 1999
WHEREAS, the sale price of said property is $110,000; and
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 6938
June Avenue North.
3. The Brooklyn Center Economic Development Authority hereby authorizes the
Executive Director to enter into a purchase agreement on behalf of the Economic
Development Authority for the acquisition of 6938 June Avenue North for a
purchase price not to exceed $110,000 upon such other terms and conditions as
will result in the conveyance to the Economic Development Authority a fee
simple title to the property and the payment of such incidental expenses as are
deemed reasonable by the Executive Director as part of the purchase agreement.
4. The Executive Director is hereby authorized to execute such closing documents
as may be necessary to effectuate the purchase agreement authorized by this
resolution to effect the actual acquisition.
Date l Preside t
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Ed Nelson and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Debra Hilstrom, Kay Lasman, Frl Nelson, and Robert Peppe;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.