HomeMy WebLinkAbout1996-017 EDAR1
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Commissioner Kathleen Carmody introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO. 96 17
RESOLUTION AUTHORIZING ACQUISITION OF CERTAIN REAL
PROPERTY WITHIN THE CITY OF BROOKLYN CENTER LOCATED AT
718 53RD AVENUE NORTH, AND AUTHORIZING EXECUTION OF
PURCHASE AGREEMENT AND PAYMENT FOR ACQUISITION COSTS OF
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, Subd. 1(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 of the property located at 718 53rd Avenue North in the
City of Brooklyn Center, legally described as: The East 50 feet of the West 100 feet of Lot 10,
Block 3, BELLVUE ACRES, Hennepin County, Minnesota, and The South half of the East
50 feet of the west 100 feet of Lot 9, Block 3, BELLVUE ACRES (the "property has listed
the property for sale with a licensed real estate agent; and
WHEREAS, the building located on the property is substandard and obsolescent
within the meaning of Minnesota Statutes, Section 469.012; and
WHEREAS, the sale price of the property is $58,900; and
WHEREAS, the owner of the property has agreed to sell the property to the EDA
for the sale price of $58,900 on a voluntary basis.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City of Brooklyn Center 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 terms of the purchase agreement for acquisition of 718 53rd Avenue
North in Brooklyn Center are hereby approved and the President and
Executive Director of the Brooklyn Center Economic Development Authority
are hereby authorized to execute the purchase agreement on behalf of the
Brooklyn Center Economic Development Authority.
3. The Brooklyn Center Economic Development Authority hereby authorizes
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EDA RESOLUTION NO. 96 -17
payment of $58,900 for the acquisition of 718 53rd Avenue North in
Brooklyn Center to be paid to the owner on the day of closing for the property
as per the terms and conditions of the purchase agreement.
4. All costs associated with the acquisition of 718 53rd Avenue North shall be
accounted for in the EDA redevelopment budget.
May 13, 1996 j A-4/2tO
Date o President
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Kristen Mann and upon vote being taken thereon, the following voted in
favor thereof:
Myrna Kragness, Kathleen Carmody, Debra Hi_lstrom, Kristen Mann, and Charles Nichols;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.