HomeMy WebLinkAbout1996-021 EDARits adoption:
Commissioner Kathleen Carmody introduced the following resolution and moved
EDA RESOLUTION NO. 96 -21
RESOLUTION AUTHORIZING ACQUISITION OF CERTAIN REAL
PROPERTY WITHIN THE CITY OF BROOKLYN CENTER LOCATED AT
714 53RD AVENUE NORTH AND AUTHORIZING EXECUTIVE DIRECTOR
TO NEGOTIATE A PURCHASE AGREEMENT FOR ACQUISITION OF THE
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 or improvements thereon; and
WHEREAS, the owner of the property located at 714 -53rd Avenue North in the City
of Brooklyn Center (the "Property has requested the EDA to purchase the property legally
described as: LOT 10, BLOCK 3, BELLVUE ACRES E 50 FEET OF W 150 FT; and
WHEREAS, an independent appraisal and review apprisal on the property have been
conducted by the EDA and establish a market value for the property of $62,000; and
WHEREAS, the building located on the property is substandard and obsolescent
within the meaning of Minnesota Statutes, Section 469.012; and
WHEREAS, the owner of the property has agreed to sell the property to the EDA for
a price of $62,000 with an additional $5,000 as payment for any relocation expenses the owner may
be entitled to if a redevelopment project is established in the area occupied by the property.
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 EDA Executive Director is hereby authorized to negotiate and execute a purchase
agreement on behalf of the Brooklyn Center Economic Development Authority for the
purchase of the property in an amount not to exceed $62,000, and an additional $5,000
as described above.
3. The EDA, in addition to the payments described above, shall pay all costs associated
with the acquisition and closing of the purchase of 714 53rd Avenue North.
1
EDA RESOLUTION NO. 96 -21
August 26, 1996
Date
7 ?U4441d
President Q
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Charles Nichols 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.