HomeMy WebLinkAbout1989-034 EDAR1
Commissioner Philip Cohen introduced the following
resolution and moved its adoption:
EDA RESOLUTION NO. 89 -34
RESOLUTION AUTHORIZING THE ECONOMIC DEVELOPMENT
AUTHORITY TO BID AT THE FORECLOSURE SALE OF 5956 BEARD
AVENUE NORTH
WHEREAS, the Brooklyn Center Economic Development
Authority has provided a grant in the amount of $8,250 for the
home at 5956 Beard Avenue North; and
WHEREAS, the Mortgage Company is foreclosing on the
property; and
WHEREAS, the Economic Development Authority desires to
protect its interest in the property.
NOW, THEREFORE, BE IT RESOLVED that the Economic
Development Authority is authorized to bid on the home at 5956
Beard Avenue North at the Sheriff's Sale up to an amount not to
exceed $52,736.
October 23, 1989
Date
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: Celia .Scott
Todd Paulson, Jerry Pedlar, and Philip Cohen•
and the following voted against the same: none. Dean Nyquist abstained.
whereupon said resolution was declared duly passed and adopted.