HomeMy WebLinkAbout1995-008 EDAR1
1
Commissioner Kristen Mann introduced the following resolution
and moved its adoption:
WHEREAS, the Board of Commissioners of the Economic Development Authority
in and for the City of Brooklyn Center, Minnesota (EDA), has determined that it is in the best
interests of the EDA and the public to acquire certain real estate described as Lots 1 and 2,
Block 1, E and H Properties Addition in the City of Brooklyn Center (the "Property"); and
WHEREAS, the EDA staff has negotiated a proposed purchase agreement between
the owner of the Property and the EDA.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City of Brooklyn Center that:
/l,5
Date
EDA RESOLUTION NO. 95 08
RESOLUTION APPROVING THE PURCHASE OF REAL PROPERTY AND
AUTHORIZING EXECUTION OF PURCHASE AGREEMENT
1. The Board of Commissioners hereby approves the purchase by the EDA of
the Property described above for the purchase price of $500,000, and
subject to the terms and conditions of the purchase agreement.
2. The President and Secretary are authorized and directed to execute the
purchase agreement between the owners of the Property and the EDA for
the purchase of the Property and all other documents necessary to the
completion of the purchase transaction.
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.
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, Kristen Mann, Debra Hilstrom, and Kathleen Carmody;