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HomeMy WebLinkAbout1993-003 EDAR1 Commissioner Celia Scott introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 93 -©3 RESOLUTION APPROVING THE PURCHASE OF REAL PROPERTY AT 6715 AND 6719 HUMBOLDT AVENUE NORTH AND AUTHORIZING EXECUTION OF PURCHASE AGREEMENT 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 located at 6715 and 6719 Humboldt Avenue North in the City of Brooklyn Center (the Property); and WHEREAS, the EDA staff has negotiated a proposed purchase agreement between the Department of Housing and Urban Development (HUD), the owner of the Property, and the EDA. NOW, THEREFORE, BE IT RESOLVED: 1. The Board of Commissioners hereby approves the purchase by the EDA of the properties located at 6715 and 6719 Humboldt Avenue North in the City of Brooklyn Center, legally described on the attached Exhibit A, for the purchase price of $36,900 for the real property at 6715 Humboldt Avenue North in Brooklyn Center and $13,500 for the real property at 6719 Humboldt Avenue North in Brooklyn Center, and subject to the terms and conditions of the purchase agreement between HUD and the EDA. 2. The President and Secretary are authorized and directed to execute the purchase agreement between HUD and the EDA for the purchase of the Property and all other documents necessary to the completion of the purchase transaction. Date Todd Paulson, President February 22, 1993 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.