HomeMy WebLinkAbout1993-023 EDARCommissioner Celia Scott
resolution and moved its adoption:
June 14, 1993
Date
EDA RESOLUTION NO.
introduced the following
93 -23
RESOLUTION AUTHORIZING EXECUTION OF PURCHASE AGREEMENT
FOR THE ACQUISITION OF 5305 BRYANT AVENUE NORTH AND
AUTHORIZING PAYMENT FOR ACOUISITION COSTS
WHEREAS, on May 10, 1993, the Brooklyn Center Economic
Development Authority approved Resolution 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; and
WHEREAS, Resolution 93 -15 established the fair market
value of the real property located at 5305 Bryant Avenue North and
authorized the Economic Development Authority staff to make a
written offer of $42,000.00 to the owner of the real property at
5305 Bryant Avenue North for the acquisition of the property; and
WHEREAS, the owner of the real property described in
Resolution 93 -15 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 5305 Bryant 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 $42,000.00 for the
acquisition of 5305 Bryant Avenue North in Brooklyn
Center to be paid to the owner on the day of
closing for the property at 5305 Bryant Avenue
North as per the terms of the purchase agreement.
Todd Paulson, President
1
EDA Resolution No.
93 -23
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.