HomeMy WebLinkAbout2011-029 EDAR Commissioner Kay Lasman introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO. 2011 - 29
RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY IN
CONNECTION WITH THE REMOVE AND REBUILD PROGRAM (5919
XERXES 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
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, on March 14, 2011, the EDA adopted Resolution No. 2011 -05, A
Resolution Reauthorizing EDA Resolution No. 2009 -17 Providing Authority to Staff to Acquire
Certain Foreclosed Homes within the City and to Execute all Instruments and Contracts Related
Thereto; and
WHEREAS, on September 12, 2011, the EDA adopted Resolution No. 2011 -20,
A Resolution Approving the Continuation of Certain Housing Programs and Reauthorizing the Use
of Funds from Tax Increment District No. 3 housing Account; and
WHEREAS, real property located at 5919 Xerxes Avenue (the "Subject
Property") is a vacant and Fannie Mae foreclosed property listed for sale at a price of $29,900; and
WHEREAS, the subject property met the guidelines established by EDA
Resolution No. 2011 -05 and a purchase agreement in the amount of $29,900 has been entered into
to acquire this property through the City's Remove and Rebuild Program.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City of Brooklyn Center, Minnesota, as follows:
1. The purchase of the Subject Property is hereby confirmed and staff is directed to
proceed with the demolition of the residence at 5919 Xerxes Avenue.
s r
Decennber 12, 2011 ��—
Date President
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Dan Ryan
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Carol Kleven, Kay Lasman, and Dan Ryan;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.