HomeMy WebLinkAbout2010-005 EDAR Commissioner Kay Lasman introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO. 2010 -05
RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY TO
FACILITATE NEIGHBORHOOD IMPROVEMENTS AND REDEVELOPMENT
OPPORTUNITIES WITHIN THE BROOKLYN BOULEVARD CORRIDOR
(48007 IST AVENUE)
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, pursuant to EDA Resolution 2009 -02, 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, the EDA has determined the real property located at 4800 71
Avenue North in Brooklyn Center meets the requirements for acquisition under the EDA's Remove
and Rebuild Program; and
WHEREAS, real property located at 4800 71 Avenue. (the "Subject Property ") is
a voluntary sale by the property owner; and
WHEREAS, City staff have negotiated a purchase agreement for the purchase by
the EDA of the Subject Property in an amount not to exceed $206,000; 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 Brooklyn Boulevard Streetscape Amenities Study, the City's Comprehensive
Plans, and the Tax Increment District No. 3 Housing 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 Secretary 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.
EDA RESOLUTION NO 2010 - 05
February 22, 2010P�
Date President
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Tim Roche
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Kay Lasman, Tim Roche, Dan Ryan, and Mark`Yelich;
and the following voted against the same: none;
whereupon said resolution was declared passed and adopted.