HomeMy WebLinkAbout1999-027 EDAR1
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Commissioner Debra Hilstrom introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO. 99 -27
RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF A
DEVELOPMENT AGREEMENT
WHEREAS, the Brooklyn Center Economic Development Authority (the
"Authority has caused to be prepared a Development Agreement (the "Development Agreement
between the Authority and PDHC, Ltd., a Minnesota corporation (the "Developer and
WHEREAS, the Development Agreement provides that the Authority will acquire
certain real property located in the City (the "Development Parcel and subsequently convey the
Development Parcel to the Developer, and the Developer will construct on the Development Parcel
a 10,000 square foot dental office (the "Project and
WHEREAS, the Authority believes that the development and construction of the
Project is in the best interests of the residents of the City; and
WHEREAS, the Authority has held a public hearing on the sale of the Development
Parcel to the Developer as required by Minnesota Statutes, Section 469.105.
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the
Brooklyn Center Economic Development Authority as follows:
1. The Board of Commissioners hereby approves the Development Agreement
in substantially the form submitted, and the President and Executive Director
are hereby authorized and directed to execute the Development Agreement
on behalf of the Authority.
2. The sale of the Development Parcel to the Developer under the terms and
conditions set forth in the Development Agreement is hereby approved.
December 13, 1999
Date
it -d
President 6
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, Ed Nelson, and Robert Peppe;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted,