HomeMy WebLinkAbout1995-018 EDAR1
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Commissioner Kristen Mann introduced the following resolution
and moved its adoption:
June 26, 1995
Date
EDA RESOLUTION NO. 95 18
RESOLUTION AUTHORIZING THE ECONOMIC DEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF BROOKLYN CENTER TO
EXECUTE AN AGREEMENT SHARING CERTAIN COSTS ASSOCIATED
WITH CONVEYANCE OF THE CENTRAL PARKING AREA OF THE
SHINGLE CREEK LAND COMPANY
WHEREAS, the Economic Development Authority in and for the City of
Brooklyn Center (EDA) has sought the development of certain parcels of land currently owned
by the Shingle Creek Land Company; and
WHEREAS, the EDA, the Shingle Creek Land Company, and First Industrial
have identified certain costs that cannot be recovered should the parking issue not be resolved;
and
WHEREAS, the EDA, the Shingle Creek Land Company and First Industrial have
agreed to a maximum cost of $7,500 to be shared in the event the transaction does not close by
August 15, 1995.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City of Brooklyn Center that the Executive Director is authorized to
enter into an agreement to share up to one -third of the collective maximum cost of $7,500 to
facilitate the conveyance of the central parking area owned by the Shingle Creek Land Company
to First Industrial.
PresidLnt
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;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.