HomeMy WebLinkAbout1992-045 EDAR1
Commissioner Dave Rosene introduced the following
resolution and moved its adoption:
EDA RESOLUTION NO. 92 -45
RESOLUTION AUTHORIZING EXECUTION OF PURCHASE AGREEMENT
FOR THE ACQUISITION OF 419 69TH AVENUE NORTH IN BROOKLYN
CENTER AND AUTHORIZING PAYMENT FOR ACOUISITION COSTS
WHEREAS, on August 10, 1992, the Brooklyn Center
Economic Development Authority approved Resolution 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; and
WHEREAS, Resolution 92 -30 established the fair market
value of the real property located at 419 69th Avenue North and
authorized the Economic Development Authority staff to make a
written offer within the market value range of $32,000 to $38,000
to the owner of the real property at 419 69th Avenue North for the
acquisition of the property; and
WHEREAS, the owner of the real property described in
Resolution 92 -30 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 419 69th 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 $38,000.00 for the
acquisition of 419 69th Avenue North in Brooklyn
Center to be paid to the owner on the day of
closing for the property at 419 69th Avenue North
as per the terms of the purchase agreement.
3. The amount of $38,000, plus any additional title
transfer costs as per the terms of the purchase
agreement, shall be transferred from the EDA Rental
to Owner Special Operating Fund to the EDA Spot
Renewal Special Operating Fund.
1
EDA Resolution No. 92 -45
December 14, 1992
Date Todd Pau son, President
The motion for the adoption of the foregoing resolution was duly
seconded by Commissioner Jerry Pedlar 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.