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HomeMy WebLinkAbout1996-033 EDAR1 Commissioner Debra Hilstrom introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 96 -33 RESOLUTION AUTHORIZING ACQUISITION, ESTABLISHING OFFER OF JUST COMPENSATION, AUTHORIZING NEGOTIATION AND EXECUTION OF PURCHASE AGREEMENT, AUTHORIZING PAYMENT FOR ACQUISITION, CLOSING COSTS AND RELOCATION CLAIMS FOR VARIOUS PROPERTIES LOCATED IN THE 53RD AVENUE DEVELOPMENT AND LINKAGE PROJECT WHEREAS, EDA 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, the following properties to be acquired are included in the 53rd Avenue Development and Linkage Project area: 710 -53rd Avenue North 806 -53rd Avenue North 5309 Camden Avenue North 5306 Bryant Avenue North 5311 -4th Street North 706 -53rd Avenue North 818 -53rd Avenue North 5304 Bryant Avenue North 5307 Camden Avenue North 5301 -4th Street North WHEREAS, the EDA wishes to provide a procedure for acquiring the above described properties by negotiated purchase when possible; and WHEREAS, the Brooklyn Center EDA has reviewed the following items relative to the appraisals of the real property located at the addresses listed in paragraph 2 above: (a) appraisal reports; (b) review appraisals; and WHEREAS, the fair market values of the real property located at the addresses listed above have been established by the appraisal and review appraisal for each property; and WHEREAS, it is the intent of the Brooklyn Center EDA to present offers to the owners of the properties listed above based on the appraisal and review appraisals completed on the properties. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center as follows: EDA RESOLUTION NO. 96 -33 1. The appraisal and review appraisal documents referenced in paragraph 4 for the following properties are hereby accepted and the fair market values, as established by the appraisal and review appraisals, are hereby established as just compensation for the following properties as follows: Property Address Appraised Value 710 -53rd Avenue North $50,100 806 -53rd Avenue North $55,200 5309 Camden Avenue North $66,100 5306 Bryant Avenue North $58,900 5311 -4th Street North $71,300 706 -53rd Avenue North $52,500 818 -53rd Avenue North $79,000 5304 Bryant Avenue North $77,500 5307 Camden Avenue North $76,000 5301 -4th Street North $65,000 2. The Brooklyn Center EDA Executive Director is hereby authorized to make a written offer in the amount of the appraised value to the owners of the real property listed in paragraph 1 above for the acquisition of the property. 3. The EDA Executive Director is hereby authorized to negotiate and execute purchase agreements on behalf of the Brooklyn Center Economic Development Authority for the properties listed in paragraph 1 above in the amount determined by the appraisal and review appraisal "Appraised Value in accordance with the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, as amended "Uniform Relocation Act regulations promulgated pursuant thereto, and pursuant to the purchase agreement form attached. 4. In cases in which the owners of the properties described in paragraph 1 above do not agree to the sale of such properties for the Appraised Value, the EDA Executive Director shall attempt to negotiate with such owners a purchase agreement acceptable to the landowner and secure the execution of such purchase agreement by the owner, which purchase agreement shall be submitted for approval to the EDA Board of Commissioners. 5. Claims for relocation benefits required by the Uniform Relocation Act duly submitted and in accordance with the requirements of the Uniform Relocation Act may be approved by the EDA Executive Director and paid in accordance with the City purchasing policy. 1 1 EDA RESOLUTION NO. 96 -33 December 16, 1996 Date A /t/I'Lo Pres4dent The motion for the adoption of the foregoing resolution was duly seconded by commissioner Kathleen Carmody and upon vote being taken thereon, the following voted in favor thereof: Myrna Kragness, Kathleen Carmody, Debra Hilstrom, and Charles Nichols; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.