HomeMy WebLinkAbout1994-017 EDAR1
Commissioner Celia Scott
following resolution and moved its adoption:
EDA 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
WHEREAS, the Brooklyn Center Economic Development
Authority has received the following items relative to the
appraisal of the real property located at 5900 Emerson Avenue
North:
a. Appraisal report dated April 14, 1994; and
b. Review appraisal dated April 21, 1994.
introduced the
WHEREAS, the Economic Development Authority in and for
the City of Brooklyn Center (EDA) is authorized, pursuant to
Minnesota Statutes Section 469.012, Subd. 7, within its area of
operation, and without the adoption of an urban renewal plan, to
acquire real property and to demolish or remove the buildings and
improvements thereon; and
WHEREAS, the owners of the property located at 5900
Emerson Avenue North in the City of Brooklyn Center, legally
described as Lot 9, Block 1, "Andrew Rock's Addition" (the
property), have listed the property for sale with a licensed real
estate agent; and
WHEREAS, the building located on the property is
substandard and obsolescent and that such condition and
obsolescence is detrimental to the public health, safety and
welfare of the community; and
WHEREAS, the EDA has received an appraisal and a review
appraisal which establishes that the market value for the property
is $40,000; and
WHEREAS, EDA staff has estimated the cost of demolition
of the single family house and detached garage on the property to
be approximately $5,900; and
WHEREAS, EDA staff has estimated the cost of asbestos
abatement work on the single family house on the property to be
approximately $2,000.
NOW, THEREFORE, BE IT RESOLVED by the Economic
Development Authority in and for the City of Brooklyn Center as
follows:
1
1
EDA Resolution No. 94 17
May 9, 1994
Date
1. The EDA hereby finds and determines that the
property is substandard and obsolete within the
meaning of Minnesota Statutes Section 469.012.
2. The appraisal documents described in paragraph 1 of
this resolution are hereby accepted and the fair
market value of $40,000, established by the
appraisal documents, is hereby accepted for the
property located at 5900 Emerson Avenue North.
3. The Executive Director is authorized to make a
written offer of $32,100 to the owners of the real
property at 5900 Emerson Avenue North. Said offer
is the result of deducting the estimated cost of
asbestos abatement ($2,000) and demolition ($5,900)
from the established fair market value of the
property ($40,000).
4. The Executive Director is hereby authorized to take
such further action as may be necessary to acquire
the property under the terms and conditions of this
resolution.
Todd Paulson, President
The motion for the adoption of the foregoing resolution was duly
seconded by Commissioner Barb Kalligher 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.