HomeMy WebLinkAbout1996-031 EDAR1
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Commissioner Debra Hilstrom
moved its adoption:
EDA RESOLUTION NO. 96 -31
introduced the following resolution and
RESOLUTION AUTHORIZING ACQUISITION, ESTABLISHING OFFER OF
JUST COMPENSATION, AUTHORIZING EXECUTION OF PURCHASE
AGREEMENT, AUTHORIZING RELOCATION CLAIM AND AUTHORIZING
PAYMENT FOR ACQUISITION COSTS AND RELOCATION COSTS FOR
512 -53RD AVENUE NORTH
WHEREAS, Resolution No. 96 -214 directed the Economic Development Authority
in and for the City of Brooklyn Center (Brooklyn Center EDA) to administer and execute the 53rd
Avenue Development and Linkage Project, including administration and execution of all project
activities; and
WHEREAS, 512 -53rd Avenue North is one of the properties to be acquired within
the 53rd Avenue Development and Linkage Project area; and
WHEREAS, the owners of 512 -53rd Avenue North have requested the Brooklyn
Center EDA to accelerate the acquisition of their property; and
WHEREAS, the Brooklyn Center EDA has reviewed the following items relative
to the appraisal of the real property located at 512 -53rd Avenue North:
a. Appraisal report dated November 2, 1996
b. Review appraisal dated November 8, 1996; and
WHEREAS, the fair market value of the real property located at 512 -53rd Avenue
North, as established by the appraisal and review appraisal, is $75,500; and
WHEREAS, staff has prepared a purchase agreement for the acquisition of 512-
53rd Avenue North.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City of Brooklyn Center as follows:
1. The appraisal documents described in paragraph four of this resolution are
hereby accepted and the fair market value of $75,500 established by the
appraisal and review appraisal is hereby accepted and established as just
compensation for the real property located at 512 -53rd Avenue North.
2. The Executive Director is hereby authorized to make a written offer of $75,500
to the owners of the real property at 512 -53rd Avenue North for the acquisition
of the property.
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EDA RESOLUTION NO. 96 -31
3. The terms of the purchase agreement for acquisition of 512 -53rd Avenue North
in Brooklyn Center are hereby approved, and the Executive Director is
authorized to execute the purchase agreement on behalf of the Brooklyn Center
Economic Development Authority.
4. The EDA, in addition to the purchase price, shall pay all costs associated with
the closing and relocation claim for 512 -53rd Avenue North.
November 25, 1996
Date
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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 Hilstrom, Kristen Mann, and Charles Nichols;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.