HomeMy WebLinkAbout1991-005 EDAR1
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Commissioner Jerry Pedlar introduced the following
resolution and moved its adoption:
EDA RESOLUTION NO. 91 -05
RESOLUTION ESTABLISHING OFFER OF JUST COMPENSATION FOR
THE PURCHASE OF REAL PROPERTY LOCATED AT 5538 COLFAX
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 5538 Colfax Avenue
North:
a. Appraisal report dated February 24, 1991
b. Review appraisal dated February 25, 1991; and
WHEREAS, the fair market value of the real property
located at 5538 Colfax Avenue North, as established by the
appraisal is $45,000.
NOW, THEREFORE, BE IT RESOLVED by the Economic
Development Authority for the City of Brooklyn Center that the
appraisal documents described in paragraph 1 of this resolution
are hereby accepted, and the fair market value of $45,000,
established by the appraisal, is hereby accepted and established
as just compensation for the real property located at 5538 Colfax
Avenue North.
BE IT FURTHER RESOLVED that the Economic Development
Authority staff is authorized to make a written offer of $45,000
to the owner of the real property at 5538 Colfax Avenue North for
the acquisition of the property, contingent on state historical
society release of the property and release of the property from
Department of Housing and Urban Development (HUD) environmental
conditions.
March 25, 1991
Date Todd Paulson, President
The motion for the adoption of the foregoing resolution was duly
seconded by Member 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.