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HomeMy WebLinkAbout1996-018 EDAR1 Commissioner Debra Hilstrom introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 96 -18 RESOLUTION ACCEPTING AWARD OF COMMISSIONERS, WAIVING APPEAL OF AWARD, AGREEING NOT TO ABANDON CONDEMNATION PETITION AND APPROVING STIPULATION OF SETTLEMENT FOR BROOKDALE MOTEL (6500 WEST RIVER ROAD) WHEREAS, EDA Resolution No. 94 -46 authorized condemnation of the Brookdale Motel property; and WHEREAS, the condemnation hearings have been completed and the condemnation commissioners filed their award with the District Court Administrator on May 13, 1996, in the amount of $412,000; and WHEREAS, the City Attorney has prepared a stipulation of settlement to be executed by the Economic Development Authority in and for the City of Brooklyn Center and the owners of the Brookdale Motel. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center as follows: The Economic Development Authority in and for the City of Brooklyn Center accepts the condemnation commissioners' award of $412,000 for the Brookdale Motel. The Economic Development Authority agrees to waive its right to appeal the award. The Economic Development Authority agrees not to abandon the condemnation petition for the Brookdale Motel. The Executive Director of the Economic Development Authority in and for the City of Brooklyn Center is authorized and directed to execute the stipulation of settlement regarding the condemnation of the Brookdale Motel and said stipulation of settlement is hereby made part of this resolution. June 10, 1996 Date PresidAt 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 Hilstrom, Kristen Mann, and Charles Nichols; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.