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HomeMy WebLinkAbout1994-023 EDAR1 its adoption: Commissioner Celia Scott introduced the following resolution and moved EDA RESOLUTION NO. 94 -23 RESOLUTION AUTHORIZING EXECUTION OF PURCHASE AGREEMENT FOR THE ACQUISITION OF 5900 EMERSON AVENUE NORTH AND AUTHORIZING PAYMENT FOR ACOUISITION COSTS WHEREAS, on May 9, 1994, the Brooklyn Center Economic Development Authority approved Resolution No. 94 -17, Resolution Authorizing the Acquisition of Certain Real Property Within the City of Brooklyn Center and Establishing Offer of Just Compensation for Said Property Located at 5900 Emerson Avenue North in Brooklyn Center; and WHEREAS, Resolution No. 94 -17 established the fair market value of the real property located at 5900 Emerson Avenue North and authorized the Economic Development Authority staff to make a written offer of $32,100 to the owner of the real property at 5900 Emerson Avenue North for the acquisition of the property; and WHEREAS, the owner of the real property described in Resolution No. 94 -17 has accepted the Economic Development Authority's offer of just compensation and has agreed to execute a purchase agreement for the acquisition of the real property; and NOW, THEREFORE, BE IT RESOLVED by the Brooklyn Center Economic Development Authority that: 1. The terms of the purchase agreement for acquisition of 5900 Emerson Avenue North in Brooklyn Center are hereby approved and the President and Executive Director of the Brooklyn Center Economic Development Authority are hereby authorized to execute the purchase agreement on behalf of the Brooklyn Center Economic Development Authority. 2. The Brooklyn Center Economic Development Authority hereby authorizes payment of $32,100 for the acquisition of 5900 Emerson Avenue North in Brooklyn Center to be paid to the owner on the day of closing for the property at 5900 Emerson Avenue North as per the terms of the purchase agreement. 3. All costs associated with the acquisition of 5900 Emerson Avenue North shall be accounted for in the EDA Spot Renewal Program. June 13, 1994 Date Todd Paulson, President 1 EDA RESOLUTION NO. 94 -23 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: Todd Paulson, Celia Scott, Dave Rosene, Barb Kalligher, and Kristen Mann; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.