HomeMy WebLinkAbout2012-006 EDAR i
Commissioner Dan Ryan introduced the following resolution and moved
its adoption:
EDA RESOLUTION NO. 2012-06
RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY IN
CONNECTION WITH THE REMOVE AND REBUILD PROGRAM. (3401 53rd
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, 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 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 3401 53rd Ave.N. (the"Subject Property")is a
vacant and foreclosed property that listed for sale at a price of$34,700; and
WHEREAS, the subject property met the guidelines established by EDA for the
acquisition of foreclosed properties and a purchase agreement in the amount of$34,700 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 3401 53rd Avenue.
April 9, 2012
Date President
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Kay Lasman
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson,8arol Kleven, Kay Lasman, Lin Myszkowski, and Dan Ryan;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.