HomeMy WebLinkAbout2001 08-13 EDAP EDA MEETING
City of Brooklyn Center
August 13, 2001 AGENDA
1. Call to Order
2. Roll Call
3. Approval of Agenda and Consent Agenda
-The following items are considered to be routine by the Economic Development Authority
and will be enacted by one motion. There will be no separate discussion of these items
unless a Commissioner so requests, in which event the item will be removed from the
consent agenda and considered at the end of Commission Consideration Items.
a. Approval of Minutes
- Commissioners not present at meetings will be recorded as abstaining from the vote
on the minutes.
1. July 23, 2001 - Regular Session
4. Commission Consideration Item
a. Resolution Authorizing Execution of Agreement for the Conveyance of Land from
the City of Brooklyn Center to the Economic Development Authority in and for the
City of Brooklyn Center (Riverwood Estates Townhome Development on Willow
Lane)
*Requested Commission Action:
- Motion to adopt resolution.
5. Adjournment
•
•
EDA Agenda Item No. 3a
i
MINUTES OF THE PROCEEDINGS OF THE
ECONOMIC DEVELOPMENT AUTHORITY
C LOPMENT AU RITY O
OF THE CITY OF BROOKLYN CENTER
IN THE COUNTY OF HE NN EPIN AND THE
i
STATE OF MINNESOTA
REGULAR SESSION
JULY 23, 2001
CITY HALL
1. CALL TO ORDER
The Brooklyn Center Economic Development Authority (EDA) met in regular session and was
called to order by President Myrna Kragness at 7:45 p.m.
2. ROLL CALL
President Myrna Kragness, Commissioners Kay Lasman, Ed Nelson, Bob Peppe, and Tim Ricker.
Also present: Executive Director Michael J. McCauley, Public Works Director Diane Spector, City
Attorney Charlie LeFevere, and Deputy City Clerk Maria Rosenbaum.
3. APPROVAL OF AGENDA AND CONSENT AGENDA
Commissioner Peppe discussed that Commissioner Nelson had requested an addition to the agenda
• as 4b, Resolution Authorizing the Executive Director to Spend Up To $15,000 in Order to Obtain the
Necessary Financial Data Needed for a Feasibility Study to Determine if a Community, County, or
Regional Stadium for Lease by the Minnesota Twins Could be Developed in the City of Brooklyn
Center, Minnesota.
A motion by Commissioner Lasman, seconded by Commissioner Peppe to approve the agenda and
consent agenda as amended. Motion passed unanimously.
3a. APPROVAL OF MINUTES
A motion by Commissioner Lasman, seconded by Commissioner Peppe to approve the July 9,200 1,
regular session. Motion passed unanimously.
4. COMMISSION CONSIDERATION ITEMS
4a. RESOLUTI AMENDMENT S TO DEVELOPMENT
ON APPROVING AME ( )
AGREEMENT BY AND BETWEEN ECONOMIC DEVELOPMENT
AUTHORITY OF BROOKLYN CENTER MINNESOTA AND BRI -MAR
COMPANY INC. AND TRI- FORTUNE PROPERTIES INC. AND COUNTY
OF HENNEPIN
is 07/23/01 -1- DRAFT
Executive Director Michael McCauley discussed that this resolution would amend the agreement to
allow additional time for the complications that need to be addressed by the car dealerships and that
the amendment would not amend any conditions in the agreement.
RESOLUTION NO. 2001-14
Commissioner Nelson introduced the following resolution and moved its adoption:
RESOLUTION APPROVING AMENDMENT (S) TO DEVELOPMENT AGREEMENT BY AND
BETWEEN ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER
MINNESOTA AND BRI -MAR COMPANY INC. AND TRI- FORTUNE PROPERTIES INC. AND
COUNTY OF HENNEPIN
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Ricker.
Motion passed unanimously.
4b. RESOLUTION AUTHORIZING THE EXECUTIVE DIRECTOR TO SPEND
UP TO $15,000 IN ORDER TO OBTAIN THE NECESSARY FINANCIAL
DATA NEEDED FOR A FEASIBILITY STUDY TO DETERMINE IF A
COMMUNITY, COUNTY, OR REGIONAL STADIUM FOR LEASE BY THE
MINNESOTA TWINS COULD BE DEVELOPED IN THE CITY OF
BROOKLYN CENTER, MINNESOTA
President Kra ness reviewed that the City Council previously discussed this issue at the City
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Council study session and regular meeting and it was determined to table this resolution until after
the Smart Growth study was released on August 20, 2001.
A motion by Commissioner Nelson, seconded by Commissioner Peppe to table this resolution to the
August 27, 2001, meeting. Motion passed unanimously.
5. ADJOURNMENT
A motion by Commissioner Ricker, seconded by Commissioner Nelson to adjourn the meeting at
7:49 p.m. Motion passed unanimously.
President
07/23/01 -2- DRAFT
EDA Agenda Item No. 4a
MEMORANDUM
TO: Michael J. McCauley, City Manager j
FROM: Tom Bublitz Community Development S ecialis� I
t3' P p
DATE: August 9, 2001
SUBJECT: Resolution Authorizing Execution of Agreement for Conveyance of Land from the
City of Brooklyn Center to the Brooklyn Center Economic Development Authority
Ordinance 2001 -01 provided for the vacation of the frontage road along and running parallel to
Highway 252 between 65th Avenue North and 66' Avenue North and which was turned back to the
City from the Minnesota Department of Transportation ( MNDOT) by quit claim deed. The vacated
MNDOT turnback property is part of the proposed Riverwood Estates townhome project, a project
being built on land sold by the EDA to Eagle Crest Northwest Inc. Normally, vacated roadways
revert to the adjoining properties. In this case, the property must be conveyed from the City to the
EDA and put in title to the EDA prior to any sale to the Developer.
Minnesota Statutes provide for the conveyance of property from one political subdivision without
passage of an ordinance conveying the property. Under authority of this Minnesota Statute, Section
471.64 subdivision 1, the City of Brooklyn Center can convey the property to the EDA pursuant to a
contract or agreement. The resolution included with this memorandum provides for the approval of
an agreement for conveyance of the land from the City of Brooklyn Center to the Brooklyn Center
Economic Development Authority, and which will ultimately be conveyed to the Developer as part
of the Riverwood Estates Townhome development. The legal description contained in the resolution
and in the agreement describes the frontage road between 65' and 66`' Avenues North which was
turned back to the City by MNDOT. A copy of the agreement is also included with this
memorandum.
Commissioner introduced the following resolution and moved
its adoption:
EDA RESOLUTION NO.
RESOLUTION AUTHORIZING EXECUTION OF AGREEMENT FOR
CONVEYANCE OF LAND FROM THE CITY OF BROOKLYN
CENTER TO THE BROOKLYN CENTER ECONOMIC
DEVELOPMENT AUTHORITY .
WHEREAS, the City of Brooklyn Center is the owner of certain property in the
City legally described as follows:
Part of Parcels 1 and 1D S.P. 2748 (169 =110) 902
That part of Tracts A and B described below:
Tract A. That part of Lot 16, Auditor's Subdivision No. 310, described as follows:
Commencing at a point on the westerly line of said Lot 16, 20 feet south of the
northwest corner of said lot; thence southerly along the westerly line of said lot to
a point 30.12 feet north of the southwest corner of said lot; thence easterly on a
line parallel to the southerly line of said lot, a distance of 280 feet; thence
northwesterly at an angle of 103 degrees 65 minutes 00 seconds to the left, a
distance of approximately 300 feet and a fraction foot to a point 20 feet south of
the northerly line of said lot; thence westerly on a line parallel to the northerly
line of said lot, a distance of approximately 232 and a fraction feet to the place of
beginning, the title thereto being registered as evidence by Certificate of Title No.
293720;
Tract B. Lot 16, Auditor's Subdivision No. 310, Hennepin County, Minnesota, except that
part described as follows: Beginning at a point on the westerly line of said Lot
16, 20 feet south of the northwest corner of said Lot 16; thence southerly along
the westerly line of said Lot 16 to a point 30.12 feet north of the southwest corner
of said Lot 16; thence easterly on a line parallel to the southerly line of said Lot
16 a distance of 280 feet; thence northwesterly at an angle of 103 degrees 65
minutes 00 seconds to the left a distance of approximately 300 feet and a fraction
foot to a point 20 feet south of the northerly line of said Lot 16; thence westerly
on a line parallel to the northerly line of said Lot 16 a distance of approximately
232 and a fraction feet to the place of beginning; the title thereto being registered
as evidenced by Certificate of Title No. 293720;
which lies westerly of Line 1 described below and easterly of Line 2 described below:
Line 1. Beginning at a point on the east and west quarter line of Section 36, Township
119 North, Range 21 West, distant 90 feet east of the point of intersection of Line
3 described below with said east and west quarter line; thence run northwesterly
to a point distant 60 feet easterly (measured at right angles) of a point on said Line
• 3, distant 225 feet northerly of said intersection; thence run northwesterly to the
EDA RESOLUTION NO.
point of intersection of the north line of Lot 15, Auditor's Subdivision No. 310
• with a line run parallel with and distant 40 feet easterly of said Line 3 and there
terminating;
Line 2. Commencing at Right of Way Boundary Corner B47 as shown on Minnesota
Department of Transportation Right of Way Plat No. 27 -20 as the same is on file
and of record in the office of the County Recorder in and for Hennepin County,
Minnesota; thence run westerly on an azimuth of 265 degrees 03 minutes 11
seconds for 70.91 feet to the oint of beginning of Line 2 to be described; thence
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on an azimuth of 177 degrees 38 minutes 21 seconds for 260.31 feet; thence on a
azimuth of 170 degrees 38 minutes 51 seconds for 427.63 feet and there
terminating;
Line 3. Beginning at a point on the south line of said Section 36, distant 44.5 feet east of
the southwest corner thereof; thence run northeasterly at an angle of 47 degrees
48 minutes 00 seconds from said south section line (measured from east to north)
for 1986.1 feet; thence deflect to the right at an angle of 50 degrees 17 minutes 00
seconds for 1729.7 feet; thence deflect to the left at an angle of 90 degrees 00
minutes 00 seconds for 2.25 feet; thence deflect to the right at an angle of 90
degrees 00 minutes 00 seconds for 106.75 feet; thence deflect to the left at an
angle of 93 degrees 39 minutes 30 seconds for 1800 feet and there terminating.
Part of Parcel 2 S.P. 2748 (169 =1 10) 902
That part of Tract A described below:
Tract A. Lot 15, Auditor's Subdivision No. 310, according to the plat thereof on fife and of
record in the office of the County Recorder in and for Hennepin County,
Minnesota;
which lies westerly of Line 1 described below and easterly of Line 2 described below:
Line 1. Beginning at the point of intersection of the south line of said Tract A with a line
run parallel with and distant 120 feet easterly of Line 3 described below; thence
run northeasterly to a point distance 130 feet easterly (measured at right angles) of
a point on said Line 3, distant 168.64 feet southerly of its point of termination;
thence run northeasterly to a point distant 170 feet easterly (measured at right
angles) of a point on said Line 3, distant 18.84 feet southerly of its point of
termination and there terminating;
Line 2. Commencing at Right of Way Boundary Corner B47 as shown on Minnesota
Department of Transportation Right of Way Plat No. 27 -20 as the same is on file
and of record in the office of the County Recorder in and for Hennepin County,
Minnesota; thence run westerly on a azimuth of 265 degrees 03 minutes 11
seconds for 70.91 feet to the point of beginning of Line 2 to be described; thence
on an azimuth of 177 degrees 38 minutes 21 seconds for 260.31 feet; thence on an
azimuth of 170 degrees 38 minutes 51 seconds for 200 feet and there terminating;
•
EDA RESOLUTION NO.
• Line 3. From a point on the west line of Section 36, Township 119 North, Range 21 West,
distant 1239.53 feet south of the west quarter corner thereof, run easterly at an
angle of 93 degrees 51 minutes 40 seconds from said west section line (measured
from north to east) for 3111.89 feet; thence deflect to the right at an angle of 03
degrees 21 minutes 00 seconds for 232.29 feet to the point of beginning of Line 3
to be described; thence deflect to the left at an angle of 84 degrees 39 minutes 30
seconds for 462 feet; thence deflect to the left at an angle of 18 degrees 00
minutes 00 seconds for 727.1 feet; thence deflect to the right on a 00 degree 59
minute 33 second curve (delta angle 06 degrees 25 minutes 53 seconds) for
648.08 feet and there terminating.
g
Part of Parcel 3 S.P. 2748 (169 =110) 902
That P art of Tract A described below:
Tract A. Lots 3, 4 and 5, Block One Olson's Island View Terrace, according to the plat
thereof on file and of record in the office of the County Recorder in and for
Hennepin County, Minnesota;
which lies westerly of Line 1 described below and easterly of Line 2 described below:
Line 1. From a point on Line 3 described below, distant 215 feet southerly of its point of
termination, run easterly at right angles to said line for 130 feet, which is the point
of beginning of Line 1 to be described; thence run northeasterly to a point distant
. 170 feet easterly (measured at right angles) of a point on said Line 3, distant 65
feet southerly of its point of termination; thence run northwesterly to a point
distant 130 feet easterly (measured at right angles) of the point of termination of
said Line 3 and there terminating;
Line 2. Commencing at Right of Way Boundary Corner B47 as shown on Minnesota
Department of Transportation Right of Way Plat No. 27 -20 as the same is on file
and of record in the office of the County Recorder in and for Hennepin County,
Minnesota; thence run westerly on an azimuth of 265 degrees 03 minutes 11
seconds for 70.91 feet to the point of beginning of Line 2 to be described; thence
on an azimuth of 177 degrees 38 minutes 21 seconds for 260.31 feet and there
terminating;
Line 3. From a point on the west line of Section 36, Township 119 North, Range 21 West,
distant 1239.53 feet south of the west quarter corner thereof, run easterly at an
angle of 93 degrees 51 minutes 40 seconds from said west section line (measured
from north to east) for 3111.89 feet; thence deflect to the right at an angle of 03
degrees 21 minutes 00 seconds for 232.29 feet to the point of beginning of Line 3
to be described; thence deflect to the left at an angle of 84 degrees 39 minutes 30
seconds for 462 feet; thence deflect to the left at an angle of 18 degrees 00
minutes 00 seconds for 727.1 feet; thence deflect to the right on a 00 degree 59
minute 33 second curve (delta angle 06 degrees 25 minutes 53 seconds) for
648.08 feet; thence on tangent to said curve for 46.16 feet and there terminating;
EDA RESOLUTION NO.
hereinafter referred to as the "Subject Property"; and
WHEREAS, the Subject Property was received by the City from the Minnesota
Department of Transportation as a turnback of part of Trunk Highway No. 110 (now 252); and
WHEREAS, a portion of the Subject Property has previously been vacated by the
City Council upon a determination that it was no longer needed for roadway purposes by
Ordinance No. 2001 -01 adopted on February 12, 2001; and
WHEREAS, the Economic Development Authority in and for the City of
Brooklyn Center proposes to make use of that part of the Subject Property that is no longer
needed for roadway purposes for purposes authorized by Minnesota Statutes, Section 469.090
through 469.1081; and
WHEREAS, the City Council has determined that conveyance to the Economic
Development Authority for such purposes is in the best interests of the City and that the land to
be conveyed is no longer needed for the City's purposes; and
WHEREAS, the Economic Development Authority has proposed execution of an
agreement providing for conveyance of such property to the EDA, which agreement is approved
by the City Council;
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of
the Brooklyn Center EDA that the President and Executive Director are authorized and directed
to execute the agreement with the City of Brooklyn Center for the conveyance of that part of the
Subject Property that is no longer needed for roadway purposes and to take such steps as are
necessary to effect the transfer thereof.
Date President
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
and upon vote being taken thereon, the following voted in favor thereof:
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted.
AGREEMENT FOR CONVEYANCE
OF LAND FROM THE CITY OF BROOKLYN CENTER
TO THE BROOKLYN CENTER
ECONOMIC DEVELOPMENT AUTHORITY
This Agreement is made this day of , by and between the City of
Brooklyn Center and the Economic Development Authority in and for the City of Brooklyn Center,
both Minnesota municipal corporations.
WITNESSETH:
WHEREAS, the City of Brooklyn Center (hereinafter "City ") is the owner of certain real
property legally described as follows:
Part of Parcels 1 and 1D S.P. 2748 (169 =110) 902
That part of Tracts A and B described below:
Tract A. That part of Lot 16, Auditor's Subdivision No. 310, described as follows:
Commencing at a point on the westerly line of said Lot 16, 20 feet south of the
northwest corner of said lot; thence southerly along the westerly line of said lot to
a point 30.12 feet north of the southwest corner of said lot; thence easterly on a
line parallel to the southerly line of said lot, a distance of 280 feet; thence
northwesterly at an angle of 103 degrees 65 minutes 00 seconds to the left, a
distance of approximately 300 feet and a fraction foot to a point 20 feet south of
the northerly line of said lot; thence westerly on a line parallel to the northerly
line of said lot, a distance of approximately 232 and a fraction feet to the place of
beginning, the title thereto being registered as evidence by Certificate of Title No.
293720;
Tract B. Lot 16, Auditor's Subdivision No. 310, Hennepin County, Minnesota, except that
part described as follows: Beginning at a point on the westerly line of said Lot
16, 20 feet south of the northwest corner of said Lot 16; thence southerly along
the westerly line of said Lot 16 to a point 30.12 feet north of the southwest corner
of said Lot 16; thence easterly on a line parallel to the southerly line of said Lot
16 a distance of 280 feet; thence northwesterly at an angle of 103 degrees 65
minutes 00 seconds to the left a distance of approximately 300 feet and a fraction
foot to a point 20 feet south of the northerly line of said Lot 16; thence westerly
on a line parallel to the northerly line of said Lot 16 a distance of approximately
232 and a fraction feet to the place of beginning; the title thereto being registered
as evidenced by Certificate of Title No. 293720;
which lies westerly of Line 1 described below and easterly of Line 2 described below:
Line 1. Beginning at a point on the east and west quarter line of Section 36, Township
119 North, Range 21 West, distant 90 feet east of the point of intersection of Line
3 described below with said east and west quarter line; thence run northwesterly
• to a point distant 60 feet easterly (measured at right angles) of a point on said Line
3, distant 225 feet northerly of said intersection; thence run northwesterly to the
CLL- 201457v1
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point of intersection of the north line of Lot 15, Auditor's Subdivision No. 310
with a line run parallel with and distant 40 feet easterly of said Line 3 and there
terminating;
Line 2. Commencing at Right of Way Boundary Corner B47 as shown on Minnesota
Department of Transportation Right of Way Plat No. 27 -20 as the same is on file
and of record in the office of the County Recorder in and for Hennepin County,
Minnesota; thence run westerly on an azimuth of 265 degrees 03 minutes 11
seconds for 70.91 feet to the point of beginning of Line 2 to be described; thence
on an azimuth of 177 degrees 38 minutes 21 seconds for 260.31 feet; thence on a
azimuth of 170 degrees 38 minutes 51 seconds for 427.63 feet and there
terminating;
Line 3. Beginning at a point on the south line of said Section 36, distant 44.5 feet east of
the southwest corner thereof; thence run northeasterly at an angle of 47 degrees
48 minutes 00 seconds from said south section line (measured from east to north)
for 1986.1 feet; thence deflect to the right at an angle of 50 degrees 17 minutes 00
seconds for 1729.7 feet; thence deflect to the left at an angle of 90 degrees 00
minutes 00 seconds for 2.25 feet; thence deflect to the right at an angle of 90
degrees 00 minutes 00 seconds for 106.75 feet; thence deflect to the left at an
angle of 93 degrees 39 minutes 30 seconds for 1800 feet and there terminating.
Part of Parcel 2 S.P. 2748 (169 =1 10) 902
That part of Tract A described below:
Tract A. Lot 15, Auditor's Subdivision No. 310, according to the plat thereof on file and of
record in the office of the County Recorder in and for Hennepin County,
Minnesota;
which lies westerly of Line 1 described below and easterly of Line 2 described below:
Line 1. Beginning at the point of intersection of the south line of said Tract A with a line
run parallel with and distant 120 feet easterly of Line 3 described below; thence
run northeasterly to a point distance 130 feet easterly (measured at right angles) of
a point on said Line 3, distant 168.64 feet southerly of its point of termination;
thence run northeasterly to a point distant 170 feet easterly (measured at right
angles) of a point on said Line 3, distant 18.84 feet southerly of its point of
termination and there terminating;
Line 2. Commencing at Right of Way Boundary Corner B47 as shown on Minnesota
Department of Transportation Right of Way Plat No. 27 -20 as the same is on file
and of record in the office of the County Recorder in and for Hennepin County,
Minnesota; thence run westerly on a azimuth of 265 degrees 03 minutes 11
seconds for 70.91 feet to the point of beginning of Line 2 to be described; thence
on an azimuth of 177 degrees 38 minutes 21 seconds for 260.31 feet; thence on an
azimuth of 170 degrees 38 minutes 51 seconds for 200 feet and there terminating;
•
CLL 201457v1
BR305 -2 2
Line 3. From a point on the west line of Section 36, Township 119 North, Range 21 West,
distant 1239.53 feet south of the west quarter corner thereof, run easterly at an
angle of 93 degrees 51 minutes 40 seconds from said west section line (measured
from north to east) for 3111.89 feet; thence deflect to the right at an angle of 03
degrees 21 minutes 00 seconds for 232.29 feet to the point of beginning of Line 3
to be described; thence deflect to the left at an angle of 84 degrees 39 minutes 30
seconds for 462 feet; thence deflect to the left at an angle of 18 degrees 00
minutes 00 seconds for 727.1 feet; thence deflect to the right on a 00 degree 59
minute 33 second curve (delta angle 06 degrees 25 minutes 53 seconds) for
648.08 feet and there terminating.
Part of Parcel 3 S.P. 2748 (169 =110) 902
E That part of Tract A described below:
Tract A. Lots 3, 4 and 5, Block One Olson's Island View Terrace, according to the plat
thereof on file and of record in the office of the County Recorder in and for
Hennepin County, Minnesota;
which lies westerly of Line 1 described below and easterly of Line 2 described below:
Line 1. From a point on Line 3 described below, distant 215 feet southerly of its point of
termination, run easterly at right angles to said line for 130 feet, which is the point
of beginning of Line 1 to be described; thence run northeasterly to a point distant
170 feet easterly (measured at right angles) of a point on said Line 3, distant 65
feet southerly of its point of termination; thence run northwesterly to a point
distant 130 feet easterly (measured at right angles) of the point of termination of
said Line 3 and there terminating;
Line 2. Commencing at Right of Way Boundary Corner B47 as shown on Minnesota
Department of Transportation Right of Way Plat No. 27 -20 as the same is on file
and of record in the office of the County Recorder in and for Hennepin County,
Minnesota; thence run westerly on an azimuth of 265 degrees 03 minutes 11
seconds for 70.91 feet to the point of beginning of Line 2 to be described; thence
on an azimuth of 177 degrees 38 minutes 21 seconds for 260.31 feet and there
terminating;
Line 3. From a point on the west line of Section 36, Township 119 North, Range 21 West,
distant 1239.53 feet south of the west quarter corner thereof, run easterly at an angle
of 93 degrees 51 minutes 40 seconds from said west section line (measured from
north to east) for 3111.89 feet; thence deflect to the right at an angle of 03 degrees
21 minutes 00 seconds for 232.29 feet to the point of beginning of Line 3 to be
described; thence deflect to the left at an angle of 84 degrees 39 minutes 30 seconds
for 462 feet; thence deflect to the left at an angle of 18 degrees 00 minutes 00
seconds for 727.1 feet; thence deflect to the right on a 00 degree 59 minute 33
second curve (delta angle 06 degrees 25 minutes 53 seconds) for 648.08 feet; thence
on tangent to said curve for 46.16 feet and there terminating;
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(hereinafter referred to as the "Subject Property"); and
WHEREAS, the Subject Property was received b the City from the Minnesota Department
De
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of Transportation as turnback property of a part of Trunk Highway No. 110 (now 252) that was no
longer needed by the Minnesota Department of Transportation; and
WHEREAS, the City Council has previously vacated a portion of the Subject Property,
upon a determination that it was no longer needed for roadway purposes, by Ordinance No. 2001 -01
adopted on February 12, 2001; and
WHEREAS, the City and the Economic Development Authority in and for the City of
Brooklyn Center (hereinafter the "EDA ") have determined that it is in the best interests of the public
for the City to convey that part of the Subject Property that is no longer needed for roadway
purposes for use by the EDA for purposes authorized by Minnesota Statutes, Sections 469.090
through 469.1081;
NOW, THEREFORE, on the basis of the premises and mutual covenants and agreements
hereinafter set forth, and pursuant to the authority of Minnesota Statutes, Section 471.64, Subd. 1,
the parties agree as follows:
1. The City will convey that part of the Subject Property that was vacated by Ordinance
No. 2001 -01 adopted by the City Council on February 12, 2001, to the EDA upon request.
2. The EDA will use that part of the Subject Property so conveyed for purposes
authorized by Minnesota Statutes, Section 469.090 through 469.1081.
ECONOMIC DEVELOPMENT AUTHORITY CITY OF BROOKLYN CENTER
By By
Its President Its Mayor
By BY
Its Executive Director Its City Manager
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