HomeMy WebLinkAbout1992-023 EDARCommissioner Celia Scott
resolution and moved its adoption:
EDA RESOLUTION NO.
introduced the following
92 -23
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 5206 DREW 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 5206 Drew Avenue North:
A. Appraisal Report dated May 3, 1992;
B. Review Appraisal dated May 19, 1992; and
WHEREAS, the Economic Development Authority 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 5206 Drew
Avenue North in the City of Brooklyn Center "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 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 in a range between $31,000.00 and $34,000.00.
NOW, THEREFORE, BE IT RESOLVED by the Economic
Development Authority 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 range of $31,000.00 to $34,000.00,
established by the appraisal documents, is hereby
accepted.
3. The fair market value of $31,000.00 for the
property, established by the appraisal documents,
is hereby accepted and established as just
EDA RESOLUTION NO. 92 -23
June 22, 1992
compensation for the real property located at 5206
Drew Avenue North.
4. The Executive Director is authorized to make a
written offer of $31,000.00 to the owner of the
real property at 5206 Drew 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 to take such further action as may be necessary
to acquire the property.
Date 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, Jerry Pedlar, Dave Rosene, and Philip Cohen;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.