HomeMy WebLinkAbout1991-011 EDAR1
1
Commissioner Jerry Pedlar introduced the following
resolution and moved its adoption:
EDA RESOLUTION NO. 91 -11
RESOLUTION AUTHORIZING EXECUTION OF PURCHASE
AGREEMENT FOR THE ACQUISITION OF 5538 COLFAX
AVENUE NORTH, BROOKLYN CENTER, AUTHORIZING
PAYMENT FOR ACOUISITION COSTS
WHEREAS, on March 25, 1991, the Brooklyn Center Economic
Development Authority approved Resolution 91 -05, Resolution
Establishing Offer of Just Compensation for the Purchase of Real
Property Located at 5538 Colfax Avenue North in Brooklyn Center,
and
WHEREAS, Resolution 91 -05 established the fair market
value of the real property located at 5538 Colfax Avenue North and
authorized the Economic Development Authority staff 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, and
WHEREAS, the owner of the real property described in
Resolution 91 -05 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 located at 5538
Colfax Avenue North.
NOW, THEREFORE, BE IT RESOLVED by the Brooklyn Center
Economic Development Authority that:
1. The terms of the purchase agreement for acquisition
of 5538 Colfax 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 $45,000.00 for the
acquisition of 5538 Colfax Avenue North in Brooklyn
Center to be paid to the owner on the day of
closing for the property at 5538 Colfax Avenue
North as per the terms of the purchase agreement.
April 22, 1991
Date
Todd Paulson, President
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Resolution Number 91 -11
The motion for the adoption of the foregoing resolution was duly
seconded by Commissioner Philip Cohen 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.