HomeMy WebLinkAbout1992-030 EDAR1
Commissioner Jerry Pedlar introduced the following
resolution and moved its adoption:
EDA RESOLUTION NO. 92 -30
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 419 69TH 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 419 69th Avenue North:
A. Appraisal Report dated July 25, 1992;
B. Review Appraisal dated August 6, 1992; and
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 419 69th
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 $32,000.00 and $38,000.00.
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 Executive Director of the EDA is hereby
authorized to negotiate and enter into a purchase
agreement for the acquisition of the property at a
price within the range of market value established
by the review appraisal referenced herein, but at a
price within such range which the Executive
Director determines is appropriate. The Executive
Director is authorized to take such further actions
as may be necessary to acquire the property.
1
EDA Resolution No. 92 -30
August 10, 1992
Date
Todd 1 ulson, 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.