HomeMy WebLinkAbout1991-019 EDAR1
1
Commissioner Celia Scott introduced the following resolution
and moved its adoption:
RESOLUTION AUTHORIZING EXECUTION OF PURCHASE AGREEMENT FOR THE
ACQUISITION OF 5449 EMERSON AVENUE NORTH, BROOKLYN CENTER, AND
AUTHORIZING PAYMENT FOR ACOUISITION COSTS
WHEREAS, on June 10, 1991, the Brooklyn Center Economic Development
Authority approved Resolution No. 91 -14, Resolution Authorizing the Acquisition
of Certain Real Property Within the City of Brooklyn Center; and
WHEREAS, Resolution No. 91 -14 authorized the Executive Director of
the EDA to negotiate a purchase price and purchase agreement for the
acquisition of the property at 5449 Emerson Avenue North at a price within the
range of $12,000 to $20,000 as established by the review appraisal on the
aforementioned property; and
WHEREAS, the owner of the real property described in Resolution No.
91 -14 has accepted the Economic Development Authority's offer of $18,500 as
compensation for the Property and has agreed to execute a purchase agreement
for the acquisition of the real property located at 5449 Emerson 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 5449
Emerson 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 $18,500 for the acquisition of 5449
Emerson Avenue North in Brooklyn Center to be paid to the
owner on the day of closing for the Property at 5449 Emerson
Avenue North as per the terms of the purchase agreement.
August 12, 1991
Date
EDA RESOLUTION NO. 91 -19
Todd Paulson, President
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 the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.
and
Philip Cohen;