HomeMy WebLinkAbout2013-010 EDAR Commissioner Carol Kleven introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO. 2013-10
RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY IN
CONNECTION WITH THE REMOVE AND REBUILD PROGRAM (5905 CAMDEN
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 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 5905 Camden Ave N (the "Subject Property") is a
vacant foreclosed property that has been purchased by the Greater Minnesota Housing Corporation as an
approved developer on behalf of the City;and
WHEREAS, the subject property met the guidelines established by EDA Resolution No.
2011-05 and a purchase agreement in the amount of the acquisition cost will be 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 purchase of 5905 Camden Ave N.
June 10 2013 6e",�z
Date President
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Kris Lawrence-Anderson
and upon vote being taken thereon,the following voted in favor thereof:
Tim Willson, Carol Kleven, Kris Lawrence-Anderson, Lin Myszkowski, and Dan Ryan;
And the following voted against the same: none;
Whereupon said resolution was declared passed and adopted.