HomeMy WebLinkAbout2009-016 EDAR Commissioner Tim �zoche introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO. 2009-16
RESOLUTION AUTHORIZING THE ACQUISITION OF REAL PROPERTY
LOCATED AT 6045 BROOKLYN BOULEVARD IN CONNECTION WITH
THE REMOVE AND REBUILD PROGRAM AND APPROVING SALES
CONTRACT BETWEEN THE ECONOMIC DEVELOPMENT AUTHORITY OF
BROOKLYN CENTER AND HIGHLAND BANK
WHEREAS, on January 12, 2009, the Economic Development Authority in and for
the City of Brooklyn Center, Minnesota (the "EDA") adopted Resolution No. 2009-02 establishing
housing programs and approving the use of funds from the Tax Increment District No. 3 housing
account; and
WHEREAS, one of the housing programs so established was the EDA's Remove
and Rebuild Program (the "Program") to acquire demolished, blighted, distressed, and unmarketable
properties to be returned to uses compatible with the neighborhood; and
WHEREAS, real property located at 6045 Brooklyn Boulevard (the"Subject
Property") is a vacant and foreclosed property owned by Highland Bank and listed for sale with
Coldwell Banker Burnet at $224,900; and
WHEREAS, a purchase agreement for the purchase by the EDA of the Subject
Property in the amount of $224,900 has been approved by the property owner; and
WHEREAS, the EDA has determined that acquisition of the Subject Property on the
terms and conditions set forth in the proposed purchase agreement is consistent with the goals and
objectives of the Program and is in the best interests of the City of Brooklyn Center and its citizens.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City of Brooklyn Center, Minnesota, as follows:
1. The purchase agreement for the Subject Property is hereby approved.
2. The President and Executive Directar of the EDA are authorized and directed to
execute the purchase agreement, and the Executive Director is authorized and
directed to take all such further steps as are necessary to effect the terms thereof.
October 12, 2009 c ��,���c f'�� ,r°.� c_� e�-�'
Date President
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Mark Yelich
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Kay Lasman, Tim Roche, Dan ltyan, and Mark Yelich;
and the following voted against the same: none
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Whereupon said resolution was declared passed and adopted