HomeMy WebLinkAbout2026-05 EDAR
Commissioner Moore introduced the following resolution and moved its adoption:
EDA RESOLUTION NO. 2026-05
RESOLUTION APPROVING PURCHASE AND DEVELOPMENT
AGREEMENT AND CONVEYANCE OF CERTAIN PROPERTY LOCATED AT
6245 BROOKLYN BOULEYARD, BROOKLYN CENTER, MN
BE IT RESOLVED by the Board of Commissioners ("Board") of the Economic
Development Authority of the City of Brooklyn Center, Minnesota ("Authority") as follows:
Section 1. Recitals.
1.01. The Authority is authorized pursuant to Minnesota Statutes, Sections 469.090 to
469.1081 (the "EDA Act"), to acquire and convey real property and to undertake certain activities
to facilitate the development of real property by private enterprise.
1.02. To facilitate development of certain property in the City of Brooklyn Center,
Minnesota (the "City"), the Authority proposes to enter into a Purchase and Development Agreement
(the "Contract") between the Authority and Promise Property Holdings LLC ("Buyer"), under which,
among other things, the Authority will convey the property located in the City at: 6245 Brooklyn
Boulevard and legally described as:
Parcel 1:
That part of Lot 21, Auditor's Subdivision No. 25, Hennepin County, Minnesota described
as follows: Commencing at a point on the south line 330 feet west of the southeast comer
of said Lot 21, Auditor's Subdivision No. 25; thence north at right angles to the south line
of said Lot 21 a distance of 257 feet to the point of beginning of the tract of land to be
described; thence continuing north to the north line of said Lot 21, a distance of 171.4 feet;
more or less; thence east along the north line of said Lot 21, a distance of 137.54 feet to
the center of the road known as Highway No. 152; thence southeasterly along said center
line 187.8 feet, more or less, to a point distant 257 feet north at right angles from said south
line of Lot 21; thence west 215 feet to the point of beginning; except that part which lies
northeasterly of the following described line: Beginning at a point on the southwesterly
boundary of said Trunk Highway No. 152, distant 20 feet southeasterly of its intersection
with the southerly line of 63rd Avenue North; thence run northwesterly to a point on
southerly line, distant 20 feet westerly of said intersection; and except that part of Lot 21,
Auditor's Subdivision No. 25, Hennepin County, Minnesota, described as follows:
Commencing at a point in the South line of 63rd Avenue North, distant 205.2 feet East of
the East line of France Avenue North; thence West along the South line of said 63rd Avenue
North a distance of 36.11 feet to an intersection with a line drawn at right angles to the
South line of said lot and North from a point in the South line of said lot, distant 330 feet
EDA RESOLUTION NO. 2026-05
West from the Southeast comer of said lot; thence South along said line so drawn to a point
257 feet North of the South line of said lot; thence at a right angle East 36.11 feet; thence
at a right angle North to the point of beginning.
Parcel 2:
Outlot 1, Ewing Lane Addition, Hennepin County, Minnesota.
("Property") to Buyer to construct and operate a coffee shop on the Property.
1.03. The Authority has on this date conducted a duly noticed public hearing regarding the
sale of the Property to Buyer, at which all interested persons were given an opportunity to be heard.
1.04. The Authority finds and detennines that conveyance of the Property to Buyer is in the
public interest and will further the objectives of its general plan of economic development, because it
will provide an opportunity for a new business within the City.
Section 2. Authority Approval; Further Proceedings.
2.01. The Board hereby approves the Contract in substantially the form presented to the
Board, including conveyance of the Property to Buyer, subject to modifications that do not alter the
substance of the transaction and that are approved by the President and Executive Director, provided
that execution of the Contract by those officials shall be conclusive evidence of their approval.
2.02. Authority staff and officials are authorized to take all actions necessary to perfom1 the
Authority's obligations under the Contract as a whole, including without limitation execution of any
documents to which the Authority is a party referenced in or attached to the Contract, and any deed
or other documents necessary to convey the Property to Buyer, all as described in the Contract.
June 22nd, 2026
Date President Pro-Tem
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Jerzak
and upon vote being taken thereon, the following voted in favor thereof:
Jerzak, Kragness, Lawrence-Anderson, Moore
and the following voted against the same:
none
whereupon said resolution was declared duly passed and adopted.
2