HomeMy WebLinkAbout2010-016 EDAR Commissioner Kay Lasman introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO. 2010 -16
RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY IN
CONNECTION WITH THE REMOVE AND REBUILD PROGRAM (5400
BRYANT AVENUE NORTH)
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 5400 Bryant Avenue North (the "Subject
Property ") was a vacant and foreclosed residence that was offered for sale through the First Look
Program for a price of $18,574.82; and
WHEREAS, City staff and consultants have inspected this property and
determined that the condition of the property and structural defects to its foundation qualified
this property for the Remove and Rebuild Program; 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 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.
November 8, 2010 C C�
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 Ryan, and Mark Yelich;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.