HomeMy WebLinkAbout1993-015 EDARCommissioner Celia Scott introduced the following
resolution and moved its adoption:
EDA RESOLUTION NO.
93 -15
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 5305 BRYANT 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 5305 Bryant Avenue
North:
a. Appraisal report dated April 4, 1993; and
b. Review appraisal dated May 10 1993.
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 owner of the property located at 5305
Bryant Avenue North in the City of Brooklyn Center, legally
described as the south 1/2 of the east 1/2 of that part lying east
of east line of Colfax Avenue and the east 14 feet of the south
1/2 of the west 1/2 of that part lying east of the east line of
Colfax Avenue, Lot 9, Block 4, Bellevue Acres (the property), has
requested that the EDA consider the purchase of the property; and
WHEREAS, the building located on the property is
substandard and obsolescent and that such condition and
obsolescence is detrimental to the public heath, 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 42,000
NOW, THEREFORE, BE IT RESOLVED by the Economic
Development Authority in and for the City of Brooklyn Center as
follows:
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 42,000 established by
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1
EDA Resolution No. 93 -15
May 10, 1993
Date
the appraisal documents, is hereby accepted and
established as just compensation for the real
property located at 5305 Bryant Avenue North.
3. The Executive Director is authorized to make a
written offer of 42,000 to the owner of the
real property at 5305 Bryant Avenue North for the
acquisition of the property, contingent on release
of the property from the Department of Housing and
Urban Development (HUD) Environmental Conditions
and the publication and subsequent approval by HUD
of a Notice of Finding of No Significant Impact on
the Environment (FONSI) and Notice of Intent to
Request Release of Funds and to take such further
action as may be necessary to acquire the property.
Todd Paulson, President
The motion for the adoption of the foregoing resolution was duly
seconded by Commissioner Dave Rosene and upon vote being
taken thereon, the following voted in favor thereof:
Todd Paulson, Celia Scott, Dave Rosene, and Kristen Mann;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.