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HomeMy WebLinkAbout2014 08-11 EDAPEDA MEETING City of Brooklyn Center August 11, 2014 AGENDA 1.Call to Order —The EDA requests that attendees turn off cell phones and pagers during the meeting. A copy of the full City Council packet, including EDA (Economic Development Authority), is available to the public. The packet ring binder is located at the front of the Council Chambers by the Secretary. 2.Roll Call 3.Approval of Agenda and Consent Agenda —The following items are considered to be routine by the Economic Development Authority (EDA) and will be enacted by one motion. There will be no separate discussion of these items unless a Commissioner so requests, in which event the item will be removed from the consent agenda and considered at the end of Commission Consideration Items. a. Approval of Minutes 1. July 28, 2014 — Regular Session 4.Commission Consideration Items —None. 5.Public Hearings a. Sale of Land Located at 5919 Xerxes Avenue North 1. Resolution Approving Purchase and Redevelopment Agreement and Conveyance of Certain Property Located at 5919 Xerxes Avenue North —This item was published in the official newspaper on July 24, 2014, and is offered this evening for Public Hearing. Requested Commission Action: —Motion to open Public Hearing. —Motion to take public input. —Motion to close Public Hearing. —Motion to adopt resolution. 6.Adjournment IJA Agendla, -tem eD. ■ MINUTES OF THE PROCEEDINGS OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA REGULAR SESSION JULY 28, 2014 CITY HALL — COUNCIL CHAMBERS 1.CALL TO ORDER The Brooklyn Center Economic Development Authority (EDA) met in Regular Session called to order by President Tim Willson at 8:00 p.m. 2.ROLL CALL President Tim Willson and Commissioners Carol Kleven, Kris Lawrence-Anderson, Lin Myszkowski, and Dan Ryan. Also present were Executive Director Curt Boganey, Public Works Director/City Engineer Steve Lillehaug, Director of Business and Development Gary Eitel, Assistant City Manager/Director of Building and Community Standards Vickie Schleuning, City Attorney Troy Gilchrist, and Mary Mullen, TimeSaver Off Site Secretarial, Inc. 3. APPROVAL OF AGENDA AND CONSENT AGENDA Commissioner Kleven moved and Commissioner Myszkowski seconded approval of the Agenda and Consent Agenda, and the following items were approved: 3a.APPROVAL OF MINUTES 1. July 14, 2014— Regular Session 3b.RESOLUTION NO. 2014-13 AUTHORIZING THE EXECUTION OF AN ENCROACHMENT LICENSE AGREEMENT FOR THE NORTHPORT ELEMENTARY SCHOOL STORM WATER TREATMENT FACILITY BETWEEN THE ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER AND NORTHPORT ELEMENTARY SCHOOL, HENNEPIN COUNTY, MINNESOTA Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. RESOLUTION NO. 2014-14 AUTHORIZING THE EXECUTION OF AGREEMENT WITH THE METROPOLITAN COUNCIL FOR THE 2014 07/28/14 -1- DRAFT STATE FAIR PARK & RIDE AND OVERFLOW PARKING LOCATIONS AT BROOKDALE SQUARE AND FORMER BROOKDALE FORD Executive Director Curt Boganey introduced the item, discussed the history, and stated the purpose of the proposed resolution. Commissioner Lawrence-Anderson stated the City will not be under any liability in allowing overflow parking at the Brookdale Square and former Brookdale Ford locations, as it is the Metropolitan Council's responsibility to provide municipality tort insurance. Commissioner Ryan moved and Commissioner Lawrence-Anderson seconded to adopt RESOLUTION NO. 2014-14 Authorizing the Execution of Agreement with the Metropolitan Council for the 2014 State Fair Park & Ride and Overflow Parking Locations at Brookdale Square and Former Brookdale Ford. Motion passed unanimously. 5. ADJOURNMENT Commissioner Myszkowski moved and Commissioner Ryan seconded adjournment of the Economic Development Authority meeting at 8:05 p.m. Motion passed unanimously. 07/28/14 -2- DRAFT EDA Agenda ten No. Sa EDA ITEM MEMO NDUM DATE: August 11, 2014 TO: Curt Boganey, City Manager FROM: Gary Eitel, Director of Business & Development SUBJECT: Resolution Approving Purchase and Redevelopment Agreement and Conveyance of Certain Property Located at 5919 Xerxes Avenue North. Recommendation: It is recommended that the Economic Development Authority consider approval/adoption of the Resolution Calling for a Public Hearing Regarding Sale of Land Located At 5919 Xerxes Avenue North. Background: On July 14, 2014, the EDA considered an offer from Dingman Construction and CITI Realty to acquire the vacant lot at 5919 Xerxes Ave. North for the purpose of constructing a 4-bedroom, 2- bath split entry home with a two car attached garage for an owner occupant that has qualified for a traditional mortgage and does not exceed the TIF 3 Housing income threshold. The EDA moved to adopt Resolution No. 2014-12, a resolution calling for a public hearing on August 11, 2014 regarding the sale of land located at 5919 Xerxes Avenue North. Attached for your reference are copies of the July 14, 2014 staff memorandum and PowerPoint presented at that meeting On July 24, 2014, a notice of public hearing regarding this land sale was published in the Official Newspaper. Attached is a copy of the Affidavit of Publication. The buyer/developer has made the following improvements to their construction plans for this lot: •The main floor plan has been increased from 844 square feet to 1190 square feet; and •Exterior enhancements, including the use of brick have been added. Attached are copies of the new floor plans and building exterior that will become the Minimum Improvements of the Purchase and Redevelopment Agreement. Purchase and Redevelopment Agreement The City Attorney has prepared the enclosed Purchase and Redevelopment Agreement, which includes the following components related to the EDA's sales of this vacant lot for an infill development of a new single family residence: Mission: Ensuring an attractive, clean, safe, inclusive community that enhances the quality of life for all people and preserves the public trust EDA ITEM MEMO NDUM •The purchase price is $25,000. O The buyer agrees that it will construct a new single family dwelling on the Property, intended for sale to a person or persons for residential occupancy (an Owner Occupant). O The minimum improvements shall consist of a house with approximately 2,360 gross square feet, 4-bedrooms and a 2-ear attached garage and shall be constructed substantially in accordance with the plans on file in City Hall. O The minimum improvements must be substantially completed by August 15, 2015. Construction will be considered substantially complete when the final certificate of occupancy has been issued by the City of Brooklyn Center building official. At this time, a Certificate of Completion for the Minimum Improvements will be issued by the EDA. O The Buyer shall convey the Property to an Owner Occupant whose household income does not exceed (a) 100% of median income in the case of one or two person household Owner Occupant, or (b) 115% of the median income in the case of three or more persons household Owner Occupants. The average median income for the seven-county metropolitan area for 2014 is $83,900. •Provisions which provide the EDA with the rights to re-enter and take possession of the property in the event the buyer does not carry out the obligations with respect to the construction of the Minimum Improvements or abandons or substantially suspends construction. Budget Issues: The proceeds from this land sale are considered Tax Increment Revenues and will be placed back into the TIF 3 Housing Fund. Strategic Priorities: 0 Vibrant Neighborhoods Ensuring - an attractive, clean, safe, inclusive community that enhances the quality of life for all people and preserves the public trust Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION APPROVING PURCHASE AND REDEVELOPMENT AGREEMENT AND CONVEYANCE OF CERTAIN PROPERTY LOCATED AT 5919 XERXES AVENUE NORTH BE IT RESOLVED by the Board of Commissioners ("Board") of the Economic Development Authority of Brooklyn Center, Minnesota ("Authority") as follows: Section 1. Recitals. 1.01. The Authority is authorized pursuant to Minnesota Statutes, Sections 469.090 to 469.1081 (the "EDA Act"), to acquire and convey real property and to undertake certain activities to facilitate the development of real property by private enterprise. 1.02. To facilitate development of certain property in the City of Brooklyn Center, Minnesota (the "City"), the Authority proposes to enter into a Purchase and Redevelopment Agreement (the "Contract") between the Authority and Dingman Construction, Inc. (the "Buyer"), under which, among other things, the Authority will convey the property located in the City at 5919 Xerxes Avenue North and legally described as Lot 6, Block 9 Hipp's 3rd Addition, Hennepin County, Minnesota (the "Property") to the Buyer to construct a new single family dwelling on the Property, intended for sale to an individual or family for residential occupancy. 1.03. The Authority has on this date conducted a duly noticed public hearing regarding the sale of the Property to Buyer, at which all interested persons were given an opportunity to be heard. 1.04. The Authority finds and determines that conveyance of the Property to the Buyer is in the public interest and will further the objectives of its general plan of economic development, because it will provide an opportunity for increased housing opportunities in the City and serve as an impetus for further development. Section 2. Authority Approval; Further Proceedings. 2.01. The Board hereby approves the Contract in substantially the form presented to the Board, including conveyance of the Property to Buyer, subject to modifications that do not alter the substance of the transaction and that are approved by the President and Executive Director, provided that execution of the Contract by those officials shall be conclusive evidence of their approval. 2.02. Authority staff and officials are authorized to take all actions necessary to perform the Authority's obligations under the Contract as a whole, including without limitation execution of any documents to which the Authority is a party referenced in or attached to the Contract, and any deed, mortgage or other documents necessary to convey the Property to Buyer, all as described in the Contract. Approved by the Board of Commissioners of the Economic Development Authority of Brooklyn Center, Minnesota this 11th day of August, 2014. August 11, 2014 Date President The motion for the adoption of the foregoing resolution was duly seconded by Commissioner and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon said resolution was declared duly passed and adopted. 9E41 5035 9E12 0.320 PXD,,; 0311.621110116 5919 Neriges Ave b\1 Bpoolldvn Cantu, IAN 55430 U'ty oT Brrookllyn Centerr 007H AVE N 6.,8 0549 6512 6543 6550 6037 6220 6331 5324 5525 ..-. 6214 _ 0512 0513 5956 6507 6525 . 6301 01313 4519 6542 6513 6910 6537 5820 1531 5024 r ton 0516 5219 0012 5913 :MS 5607 626.0 5031 5945 5949 6542 5543 On 5037 6530 6231 5524 5525 6531 6510 6912 5513 6546 6467 6965 5511 UI 2 5555 5512 22 22 22 . 55110 AVE 11 5311 6E12 0E43 6E92 6043 9615 9339 51137 tto„,4 0057 24111 6543 6937 6531 9525 5513 6207 5601 6942 PURCHASE AND REDEVELOPMENT AGREEMENT 1.Parties. This Purchase and Redevelopment Agreement is made as of August , 2014 between the ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER, MINNESOTA, a public body corporate and politic under the laws of Minnesota having its office located at 6301 Shingle Creek Parkway, Brooklyn Center, MN (the "Seller"), and DINGMAN CONSTRUCTION, INC., a Minnesota corporation (the "Buyer"). 2.Offer/Acceptance. Buyer offers to purchase and Seller agrees to sell real property legally described as follows (the "Property"): Lot 6, Block 9 Hipp's 3rd Addition 3.Price and Terms. The price for the Property is Twenty-Five Thousand Dollars ($25,000.00) which Buyer shall pay as follows: Earnest money of Five Hundred Dollars ($500.00) by check, receipt of which is hereby acknowledged by Seller, and the balance of Twenty-Four Thousand and Five Hundred Dollars ($24,500.00) to be paid by certified check on the Date of Closing. The "Date of Closing" shall be August , 2014, or such other earlier or later date as the parties mutually agree. 4.Personal Property Included in Sale. There are no items of personal property or fixtures owned by Seller and currently located on the Property for purposes of this sale. 5. Deed. Upon performance by Buyer, Seller shall deliver a quit claim deed conveying title to the Property to Buyer, in substantially the form attached as Exhibit A (the "Deed"). 1 447360v3 BR305-104 6. Real Estate Taxes and Special Assessments. The parties agree and understand that the Property is exempt from real estate taxes for taxes payable in the current year. Seller shall pay on Date of Closing all special assessments levied against the Property as of the date of this agreement, including those certified for payment with taxes due and payable in 2014. Seller represents that there are no special assessments pending as of the date of this agreement. If a special assessment becomes pending after the date of this agreement and before the Date of Closing, Buyer may, at Buyer's option: A.Assume payment of the pending special assessment without adjustment to the purchase agreement price of the Property; or B.Require Seller to pay the pending special assessment and Buyer shall pay a commensurate increase in the purchase price of the Property, which increase shall be the same as the estimated amount of the assessment; or C. Declare this agreement null and void by notice to Seller, and earnest money shall be refunded to Buyer. 7. Closing Costs and Related Items. The Seller shall be responsible for the following costs: (a) recording fees and conservation fees for all instruments required to establish marketable title in Seller; and (b) deed transfer taxes and conservation fees required to be paid in connection with the Deed be given by Seller. Buyer shall be responsible for the payment of the following costs: (c) recording fees required to be paid in connection with the Deed to be given by Seller; (d) the cost of the registered property abstract or updated abstract, or in the absence of an abstract, the cost of the premium for an owner's policy of title insurance, and (e) closing fee, if any. Each party shall be responsible for its own attorneys' fees and costs. 8.Sewer and Water. Seller warrants that city sewer and water are available at the Property line. 9.Condition of Property. Buyer acknowledges that it has inspected or has had the opportunity to inspect the Property and agrees to accept the Property "AS IS." Buyer has the right, at its own expense to take soil samples for the purpose of determining if the soil is suitable for construction of the dwelling described in section 14 below. If the soil is determined to be unacceptable the Buyer may rescind this agreement by written notice to the Seller, in which case the agreement shall be null and void and all earnest money paid hereunder shall be refunded to the Buyer. Seller makes no warranties as to the condition of the Property. 10. Marketability of Title. The Buyer may order, in Buyer's sole discretion and at the Buyer's expense, a commitment (the "Title Commitment") issued by any title insurance company acceptable to Buyer ("Title"), for an owner's title insurance policy in the full amount of the Purchase Price, showing fee simple title to the Property in Seller. Buyer shall have fifteen (15) business days after receipt of the Title Commitment to examine the 2 447360v3 BR305-104 same and to deliver written objections to Title, if any, to Seller. Seller shall have the greater of (i) the number of days remaining until the Date of Closing or (ii) thirty (30) days to have such objections removed or satisfied. 11. Title Clearance and Remedies. If Seller shall fail to have title objections timely removed, the Buyer may, at its sole election: (a) terminate this Agreement without any liability on its part; in which event the earnest money shall be promptly refunded in exchange for a quit claim deed to the Property from Buyer; or (b) take title to the Property subject to such objections. If title is marketable, or is made marketable as provided herein, and Buyer defaults in any of the agreements herein, Seller may elect either of the following options, as permitted by law: A.Cancel this contract as provided by statute and retain all payments made hereunder as liquidated damages. The parties acknowledge their intention that any note given pursuant to this contract is a down payment note, and may be presented for payment notwithstanding cancellation; B.Seek specific performance within six months after such right of action arises, including costs and reasonable attorney's fees, as permitted by law. If title is marketable, or is made marketable as provided herein, and Seller defaults in any of the agreements herein, Buyer may, as permitted by law: C.Seek damages from Seller including costs and reasonable attorney's fees; D.Seek specific performance within six months after such right of action arises. 12. Well Disclosure. Seller certifies that Seller does not know of any wells on the Property. 13.Individual Sewage Treatment System Disclosure. Seller certifies that there is no individual sewage treatment system on or serving the Property. 14.Construction and Sale of Dwelling. Buyer agrees that it will construct a new single family dwelling on the Property, intended for sale to a person or persons for residential occupancy (an "Owner Occupant"). This covenant shall survive the delivery of the Deed. A.The single family dwelling described in this Section is referred to as the "Minimum Improvements." B.The Minimum Improvements shall consist of a house with approximately 2,360 gross square feet, 4 bedrooms and a 2 car attached garage and shall be constructed substantially in accordance with the plans on file in City Hall. Construction of the 3 447360v3 BR305-104 Minimum Improvements must be substantially completed by August 15, 2015. Construction will be considered substantially complete when the final certificate of occupancy has been issued by the City of Brooklyn Center building official. C.Promptly after substantial completion of the Minimum Improvements in accordance with those provisions of the Agreement relating solely to the obligations of the Buyer to construct such Minimum Improvements (including the date for completion thereof), the Seller will furnish the Buyer with a Certificate of Completion for such improvements. Such certification by the Seller shall be (and it shall be so provided in the Deed and in the certification itself) a conclusive determination of satisfaction and termination of the agreements and covenants in this Agreement and in the Deed with respect to the obligations of the Buyer and its successors and assigns, to construct the Minimum Improvements and the dates for completion thereof. The certificate provided for in this Section of this Agreement shall be in such form as will enable it to be recorded in the proper office for the recordation of deeds and other instruments pertaining to the Property. If the Seller shall refuse or fail to provide any certification in accordance with the provisions of this Section, the Seller shall, within 30 days after written request by the Buyer, provide the Buyer with a written statement, indicating in adequate detail in what respects the Buyer has failed to complete the Minimum Improvements in accordance with the provisions of the Agreement, or is otherwise in default, and what measures or acts it will be necessary, in the opinion of the Seller for the Buyer to take or perform in order to obtain such certification. D.The Buyer represents and agrees that until issuance of the Certificate of Completion for the Minimum Improvements: (1)Except for any sale to an Owner Occupant, the Buyer has not made or created and will not make or create or suffer to be made or created any total or partial sale, assignment, conveyance, or lease, or any trust or power, or transfer in any other mode or form of or with respect to this Agreement or the Property or any part thereof or any interest therein, or any contract or agreement to do any of the same, to any person or entity (collectively, a "Transfer"), without the prior written approval of the Seller's Board of Commissioners. The term "Transfer" does not include encumbrances made or granted by way of security for, and only for, the purpose of obtaining construction, interim or permanent financing necessary to enable the Buyer or any successor in interest to the Property, or any part thereof', to construct the Minimum Improvements or component thereof. (2)If the Buyer seeks to effect a Transfer to any person or entity other than an Owner Occupant prior to issuance of the Certificate of Completion, the Seller shall be entitled to require as conditions to such Transfer that: 4 447360v3 BR305-104 (i)any proposed transferee shall have the qualifications and financial responsibility, in the reasonable judgment of the Seller, necessary and adequate to fulfill the obligations undertaken in this Agreement by the Buyer as to the portion of the Property to be transferred; and (ii)Any proposed transferee, by instrument in writing satisfactory to the Seller and in form recordable in the public land records of Hennepin County, Minnesota, shall, for itself and its successors and assigns, and expressly for the benefit of the Seller, have expressly assumed all of the obligations of the Buyer under this Agreement as to the portion of the Property to be transferred and agreed to be subject to all the conditions and restrictions to which the Buyer is subject as to such portion; provided, however, that the fact that any transferee of, or any other successor in interest whatsoever to, the Property, or any part thereof, shall not, for whatever reason, have assumed such obligations or so agreed, and shall not (unless and only to the extent otherwise specifically provided in this Agreement or agreed to in writing by the Seller) deprive the Seller of any rights or remedies or controls with respect to the Property, the Minimum Improvements or any part thereof or the construction of the Minimum Improvements; it being the intent of the parties as expressed in this Agreement that (to the fullest extent permitted at law and in equity and excepting only in the manner and to the extent specifically provided otherwise in this Agreement) no transfer of, or change with respect to, ownership in the Property or any part thereof, or any interest therein, however consummated or occurring, and whether voluntary or involuntary, shall operate, legally, or practically, to deprive or limit the Seller of or with respect to any rights or remedies on controls provided in or resulting from this Agreement with respect to the Property that the Seller would have had, had there been no such transfer or change. In the absence of specific written agreement by the Seller to the contrary, no such transfer or approval by the Seller thereof shall be deemed to relieve the Buyer, or any other party bound in any way by this Agreement or otherwise with respect to the Property, from any of its obligations with respect thereto. (iii) Any and all instruments and other legal documents involved in effecting the transfer of any interest in this Agreement or the Property governed by this subsection D. shall be in a form reasonably satisfactory to the Seller. (3 ) If the conditions described in paragraph (2) above are satisfied then the Transfer will be approved and the Buyer shall be released from its obligation under this Agreement, as to the portion of the Property that is transferred, 5 447360v3 BR305-104 assigned, or otherwise conveyed. The provisions of this paragraph (3) apply to all subsequent transferors. (4) Upon issuance of the Certificate of Completion, the Buyer may Transfer the Property and/or the Buyer's rights and obligations under this Agreement with respect to such Property without the prior written consent of the Seller, except to the extent required under paragraph F of this Section. E.The Buyer, and its successors and assigns, agree that they (a) will use the Minimum Improvements only as a single family dwelling, and in the case of an Owner Occupant, will occupy the Property as a residence, (b) will not seek exemption from real estate taxes on the Property under State law, and (c) will not transfer or permit transfer of the Property to any entity whose ownership or operation of the Property would result in the Property being exempt from real estate taxes under State law (other than any portion thereof dedicated or conveyed to the City of Brooklyn Center or Seller in accordance with this Agreement). The covenants in this paragraph run with the land, survive both delivery of the Deed and issuance of the Certificate of Completion for the Minimum Improvements, and shall remain in effect for 15 years after the Date of Closing. F.The Buyer shall convey the Property (either before or after issuance of the Certificate of Completion) to an Owner Occupant whose household income does not exceed (a) 100% of median income in the case of one or two person household Owner Occupants, or (b) 115% of median income in the case of three or more person household Owner Occupants. The term "median income" means the median income in the seven-county metropolitan area, or the State as a whole, whichever is greater, using income data available from the Minnesota Housing Finance Agency as of the date of closing on sale to the Owner Occupant. Prior to closing on sale the Property by Buyer to an Owner Occupant, Buyer shall: (1)Notify the Seller in writing that the proposed Owner Occupant will meet the income qualifications under this paragraph; and (2)Submit to Seller evidence of Owner Occupant's income in a foim satisfactory to Seller, evidencing compliance with the income limits described above. The covenant in this Section applies only to the first sale of the Property to an Owner Occupant, and does not apply to any subsequent sale by an Owner Occupant to any other person or party. 15. Revesting Title in Seller upon Happening of Event Subsequent to Conveyance to Buyer. In the event that subsequent to conveyance of the Property or any part thereof to the Buyer and prior to receipt by the Buyer of the Certificate of Completion for of the Minimum Improvements, the Buyer, subject to Unavoidable Delays (as hereafter defined), fails to carry out its obligations with respect to the construction of the Minimum Improvements (including the nature and the date for the completion thereof), or abandons or substantially 6 447360v3 BR305-104 suspends construction work, and any such failure, abandonment, or suspension shall not be cured, ended, or remedied within 30 days after written demand from the Seller to the Buyer to do so, then the Seller shall have the right to re-enter and take possession of the Property and to terminate (and revest in the Seller) the estate conveyed by the Deed to the Buyer, it being the intent of this provision, together with other provisions of the Agreement, that the conveyance of the Property to the Buyer shall be made upon, and that the Deed shall contain a condition subsequent to the effect that in the event of any default on the part of the Buyer and failure on the part of the Buyer to remedy, end, or abrogate such default within the period and in the manner stated in such subdivisions, the Seller at its option may declare a termination in favor of the Seller of the title, and of all the rights and interests in and to the Property conveyed to the Buyer, and that such title and all rights and interests of the Buyer, and any assigns or successors in interest to and in the Property, shall revert to the Seller, but only if the events stated in this Section have not been cured within the time periods provided above. For the purposes of this Agreement, the term "Unavoidable Delays" means delays beyond the reasonable control of the Buyer as a result thereof which are the direct result of strikes, other labor troubles, prolonged adverse weather or acts of God, fire or other casualty to the Minimum Improvements, litigation commenced by third parties which, by injunction or other similar judicial action, directly results in delays, or acts of any federal, state or local governmental unit (other than the Seller in exercising its rights under this Agreement) which directly results in delays. Unavoidable Delays shall not include delays in the Buyer's obtaining of permits or governmental approvals necessary to enable construction of the Minimum Improvements by the dates such construction is required under this section of this Agreement. 16. Resale of Reacquired Property; Disposition of Proceeds. Upon the revesting in the Seller of title to and/or possession of the Property or any part thereof as provided in Section 16, the Seller shall apply the purchase price paid by the Buyer under Section 4 of this Agreement as follows: (a) First, to reimburse the Seller for all costs and expenses incurred by the Seller, including but not limited to proportionate salaries of personnel, in connection with the recapture, management, and resale of the Property or part thereof (but less any income derived by the Seller from the Property or part thereof in connection with such management); all taxes, assessments, and water and sewer charges with respect to the Property or part thereof (or, in the event the Property is exempt from taxation or assessment or such charge during the period of ownership thereof by the Seller, an amount, if paid, equal to such taxes, assessments, or charges (as determined by the Seller assessing official) as would have been payable if the Property were not so exempt); any payments made or necessary to be made to discharge any encumbrances or liens existing on the Property or part thereof at the time of revesting of title thereto in the Seller or to discharge or prevent from attaching or being made any subsequent encumbrances or liens due to obligations, 7 447360v3 BR305-104 defaults or acts of the Buyer, its successors or transferees; any expenditures made or obligations incurred with respect to the making or completion of the Minimum Improvements or any part thereof on the Property or part thereof; and any amounts otherwise owing the Seller by the Buyer and its successor or transferee; and (b) Second, to reimburse the Buyer for the balance of the purchase price remaining after the reimbursements specified in paragraph (a) above. Such reimbursement shall be paid to the Buyer upon delivery of an executed, recordable warranty deed to the Property by the Buyer to the Seller. 17.Time is of the essence for all provisions of this contract. 18.Notices. All notices required herein shall be in writing and delivered personally or mailed to the address shown at paragraph 1 above and, if mailed, are effective as of the date of mailing. 19.Minnesota Law. This contract shall be governed by the laws of the State of Minnesota. 20.Specific Performance. This Agreement may be specifically enforced by the parties, provided that an action is brought within one year of the date of alleged breach of this Agreement. 21.No Remedy Exclusive. No remedy herein conferred upon or reserved to the Seller or Buyer is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Agreement or now or hereafter existing at law or in equity or by statute. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof; but any such right and power may be exercised from time to time and as often as may be deemed expedient. 22.No Merger of Representations, Warranties. All representations and warranties contained in this Purchase Agreement shall not be merged into any instruments or conveyance delivered at closing, and the parties shall be bound accordingly. 23. Recording. This Agreement shall be filed of record with the Hennepin County Recorder/Registrar of Titles. Buyer shall pay all recording costs. 8 447360v3 BR305-104 In witness of the foregoing, the parties have executed this agreement on the year and date written above. SELLER: ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER, MINNESOTA By: Its President By: Its Executive Director STATE OF MINNESOTA 1 ss. COUNTY OF HENNEPIN The foregoing was acknowledged before me this day of 2014, by and , the President and Executive Director, respectively, of the Economic Development Authority of Brooklyn Center, Minnesota, a public body corporate and politic under the laws of Minnesota, on behalf of the public body corporate and politic. S-1 447360v3 BR305-104 BUYER: DINGMAN CONSTRUCTION, INC. By: Its: STATE OF MINNESOTA ss. COUNTY OF HENNEPIN The foregoing was acknowledged before me this day of 2014, by the of Dingman Construction, Inc., a Minnesota corporation, on behalf of the corporation. This document drafted by: Kennedy & Graven, Chartered 470 U.S. Bank Plaza Minneapolis, MN 55402 S-2 447360v3 BR305-104 EXHIBIT A to PURCHASE AND REDEVELOPMENT AGREEMENT FORM OF QUIT CLAIM DEED THIS INDENTURE, between the Economic Development Authority of Brooklyn Center, Minnesota, a Minnesota public body corporate and politic (the "Grantor"), and Dingman Construction, Inc., a Minnesota corporation (the "Grantee"). WITNES SETH, that Grantor, in consideration of the sum of $25,000 and other good and valuable consideration the receipt whereof is hereby acknowledged, does hereby grant, bargain, quitclaim and convey to the Grantee, its successors and assigns forever, all the tract or parcel of land lying and being in the County of Hennepin and State of Minnesota described as follows, to-wit (such tract or parcel of land is hereinafter referred to as the "Property"): Lot 6, Block 9 Hipp's 3rd Addition To have and to hold the same, together with all the hereditaments and appurtenances thereunto belonging. SECTION 1, It is understood and agreed that this Deed is subject to the covenants, conditions, restrictions and provisions of the Purchase and Redevelopment Agreement recorded herewith, between the Grantor and Grantee, dated as of August , 2014 (the "Agreement") and that the Grantee shall not convey this Property, or any part thereof, except as permitted by the Agreement until a certificate of completion releasing the Grantee from certain obligations of said Agreement as to this Property or such part thereof then to be conveyed, has been placed of record. This provision, however, shall in no way prevent the Grantee from mortgaging this Property in order to obtain funds for the purchase of the Property hereby conveyed or for erecting the Minimum Improvements thereon (as defined in the Agreement) in conformity with the Agreement, any applicable development program and applicable provisions of the zoning ordinance of the City of Brooklyn Center, Minnesota, or for the refmancing of the same. It is specifically agreed that the Grantee shall promptly begin and diligently prosecute to completion the redevelopment of the Property through the construction of the Minimum Improvements thereon, as provided in the Agreement. Promptly after completion of the Minimum Improvements in accordance with the provisions of the Agreement, the Grantor will furnish the Grantee with an appropriate instrument so certifying. Such certification by the Grantor shall be (and it shall be so provided in the certification itself) a conclusive determination of satisfaction and termination of the agreements and covenants of the Agreement and of this Deed with respect to the obligation of the Grantee, A-1 447360v3 BR305-104 and its successors and assigns, to construct the Minimum Improvements and the dates for the beginning and completion thereof. Such certification and such determination shall not constitute evidence of compliance with or satisfaction of any obligation of the Grantee to any holder of a mortgage, or any insurer of a mortgage, securing money loaned to finance the purchase of the Property hereby conveyed or the Minimum Improvements, or any part thereof. All certifications provided for herein shall be in such form as will enable them to be recorded with the County Recorder, or Registrar of Titles, Hennepin County, Minnesota. If the Grantor shall refuse or fail to provide any such certification in accordance with the provisions of the Agreement and this Deed, the Grantor shall, within thirty (30) days after written request by the Grantee, provide the Grantee with a written statement indicating in adequate detail in what respects the Grantee has failed to complete the Minimum Improvements in accordance with the provisions of the Agreement or is otherwise in default, and what measures or acts it will be necessary, in the opinion of the Grantor, for the Grantee to take or perform in order to obtain such certification. SECTION 2. The Grantee's rights and interest in the Property are subject to the terms and conditions of Sections 14 and 15 of the Agreement relating to the Grantor's right to re-enter and revest in Grantor title to the Property under conditions specified therein, including but not limited to the condition subsequent that the Grantee substantially complete construction of the Minimum Improvements by August 15, 2015 and that the Grantee shall transfer or convey the Property and Minimum Improvements thereon only in accordance with Sections 14D and 14F. SECTION 3. The Grantee agrees for itself and its successors and assigns to or of the Property or any part thereof, hereinbefore described, that the Grantee and such successors and assigns shall comply with Section 14E of the Agreement for a period of 15 years after the date hereof. It is intended and agreed that the above and foregoing agreements and covenants shall be covenants running with the land for the respective terms herein provided, and that they shall, in any event, and without regard to technical classification or designation, legal or otherwise, and except only as otherwise specifically provided in this Deed, be binding, to the fullest extent permitted by law and equity for the benefit and in favor of, and enforceable by, the Grantor against the Grantee, its successors and assigns, and every successor in interest to the Property, or any part thereof or any interest therein, and any party in possession or occupancy of the Property or any part thereof. In amplification, and not in restriction of, the provisions of the preceding section, it is intended and agreed that the Grantor shall be deemed a beneficiary of the agreements and covenants provided herein, both for and in its own right, and also for the purposes of protecting the interest of the community and the other parties, public or private, in whose favor or for whose A-2 447360v3 BR305-104 benefit these agreements and covenants have been provided. Such agreements and covenants shall run in favor of the Grantor without regard to whether the Grantor has at any time been, remains, or is an owner of any land or interest therein to, or in favor of, which such agreements and covenants relate. The Grantor shall have the right, in the event of any breach of any such agreement or covenant to exercise all the rights and remedies, and to maintain any actions or suits at law or in equity or other proper proceedings to enforce the curing of such breach of agreement or covenant, to which it or any other beneficiaries of such agreement or covenant may be entitled; provided that Grantor shall not have any right to re-enter the Property or revest in the Grantor the estate conveyed by this Deed on grounds of Grantee's failure to comply with its obligations under this Section 3. Grantor certifies that it does not know of any wells on the Property. A-3 447360v3 BR305-104 IN WITNESS WHEREOF, the Grantor has caused this Deed to be duly executed in its behalf by its President and Executive Director and has caused its corporate seal to be hereunto affixed this day of , 2014. ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER, MINNESOTA By Its President By Its Executive Director STATE OF MINNESOTA ) ) ss COUNTY OF The foregoing was acknowledged before me this day of 2014, by and , the President and Executive Director, respectively, of the Economic Development Authority of Brooklyn Center, Minnesota, a public body corporate and politic under the laws of Minnesota, on behalf of the public body corporate and politic. Notary Public This instrument was drafted by: Kennedy & Graven, Charted (JSB) 470 U.S. Bank Plaza Minneapolis, MN 55402 Tax Statements should be sent to: A-4 447360v3 BR305-104 EXHIBIT B TO PURCHASE AND REDEVELOPMENT AGREEMENT FORM OF CERTIFICATE OF COMPLETION WHEREAS, the Economic Development Authority of Brooklyn Center, Minnesota, a public body, corporate and politic (the "Grantor"), conveyed land in Hennepin County, Minnesota to Dingman Construction, Inc., a Minnesota corporation (the "Grantee"), by a Deed recorded in the County Recorder/Registrar of Titles in and for the County of Hennepin and State of Minnesota, as Document Numbers and , respectively; and WHEREAS, said Deed contained certain covenants and restrictions set forth in Sections 1 and 2 of said Deed; and WHEREAS, said Grantee has performed said covenants and conditions insofar as it is able in a manner deemed sufficient by the Grantor to permit the execution and recording of this certification; NOW, THEREFORE, this is to certify that all building construction and other physical improvements specified to be done and made by the Grantee have been completed and the above covenants and conditions in said Deed and the agreements and covenants in Sections 14 and 15 of the Agreement (as described in said Deed) have been performed by the Grantee therein, and the County Recorder/Registrar of Titles in and for the County of Hennepin and State of Minnesota are hereby authorized to accept for recording and to record, the filing of this instrument, to be a conclusive determination of the satisfactory termination of the covenants and conditions of Sections 14 and 15 of the Agreement and the covenants and restrictions set forth in Sections 1 and 2 of said Deed; provided that the covenants set forth in Sections 14E of the Agreement, and in Section 3 of the Deed, remain in full force and effect through the period stated thereon. B-1 447360v3 BR305-104 Dated: , 20 . ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER, MINNESOTA By Its President By Its Executive Director STATE OF MINNESOTA ) ) ss COUNTY OF HENNEPIN ) The foregoing instrument was acknowledged before me this day of 20, by and , the President and Executive Director, respectively, of the Economic Development Authority of Brooklyn Center, Minnesota, on behalf of the authority. Notaiy Public This document drafted by: KENNEDY & GRAVEN, CHARTERED 470 U.S. Bank Plaza Minneapolis, MN 55402 (612) 337-9300 B-2 447360v3 BR305-104 Hennepin County Resident and Real Estate Services Government Center 300 South Sixth Street, A-600 Minneapolis, MN 55487-0060 612-348-3011 Fax: 612-348-9716 www.hennepin.us July 31, 2014 BY CERTIFIED MAIL, RETURN RECEIPT REQUESTED Sharon Knutson, City Clerk City of Brooklyn Center 6301 Shingle Creek Parkway Brooklyn Center, MN 55430 RE: Notice of a Meeting Scheduled for the Purpose of Classifying of Reclassifying Tax-Forfeited Lands listed on Conservation and Non-Conservation Classification List # 1817 Cl NC You are hereby notified that the Hennepin County Director of Taxpayer Services Department, acting in the capacity of Hennepin County Auditor-Treasurer, has scheduled a meeting for the purpose of classifying or reclassifying Tax-Forfeited Lands situated in the County of Hennepin. The County Auditor-Treasurer is acting under delegation of statutory authority, power and responsibility granted in accordance to Minnesota Statutes, section 282.135 by the Board of Hennepin County Commissioners. The lands described on Proposed Conservation and Non-Conservation Classification (List 1817-CNC) will be reviewed during the meeting. The lists of Hennepin County tax-forfeited lands subject to review at the meeting is on the Hennepin County website www.hennepin.us/legalnotices . The process for classifying or reclassifying tax-forfeited lands was changed by the 2010 Minnesota Legislature. The Legislature also made significant changes to the statutes governing the conditional use deeds that municipalities may use to acquire tax-forfeited lands for public use. The meeting for the purpose of classifying or reclassifying Tax-Forfeited Lands situated in the County of Hennepin has been scheduled as follows: Tuesday, October 7, 2014 at 9:00 A.M. Hennepin County Government Center, A-754 300 South Sixth Street Minneapolis, MN 55487 If you have any difficulty retrieving the information, a hard copy can be requested. If your City staff has any questions, please contact Marlena Merrity or Abby Majeske, Sr. Property Management Specialists at (612) 348-3734 or me at (612) 348-8648 should you need further information, assistance or clarification. Thank you. Sincerely, Mark V. Chapin, Director Taxpayer Services Department r") ' By Jan Duffle, Supervisor Tax-Forfeit and Property Revenue Section An Equal Opportunity Employer Recycled Paper A ;;. 3105030,94 100803J:39G '"0 401 n'5, Pc,30X.1 3. /00, 06,0010 -mum .gv., 61/ >33 riA .30,113 901 nins '30 15 3000,1108 000NDIS3C1 ONINNVld co,130 3H91815102•gri au. 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Z Zr.11 Zal C) e.3 'FA 1:4 Cn 'E-: Z E''4 () §<4 (n Z 0 .'C4 Z W fr4 ..4 (-4 iFi >4 ° r4 P f.1 Z CS) C o z ■- . • u) '1^ E. ,,,C7' g E -., 0,- P cs) 0 '' a,to 04 .-.cn ccl W.-> ,, ...._ -.--- 135-i 0053113 0008 08718 609 .0.1, /MVI(1108 -S1 = = = = 9 I - ° CI 0 At4■R ' N " .--Gd G , .121 -9. 10 'if' l' Etc-21 a,„.- -11 01.61 6 .,„0-170 d.,L4 V, 190 1091111,109 •s -n 3111 AO 110110101A V SI 50 -13 001 30000 ODZ10001005II 091030 oparnrid 330 VIOZ S100 -090,90 11,1 6001,090-191. 1.011d 1 10,03 ,aaa vfia,1,01.0am 6,36, 6VVSS !al 1 3610 -16 1 901 311AS 1 30 IS MOM,. 0016NOIS3C1 ONINNViddda DARLENE MARIE MACPHERSON Notary PublIc-MInnesota My Commission Expires Jan 31, 019 AFFIDAVIT OF PUBLICATION STATE OF MINNESOTA ) SS COUNTY OF HENNEPIN Charlene Vold being duly sworn on an oath, states or affirms that they are the Authorized Agent of the newspaper(s) known as: SP Brooklyn Ctr/Brooklyn Park and has full knowledge of the facts stated below: (A)The newspaper has complied with all of the requirements constituting qualifica- tion as a qualified newspaper as provided by Minn. Stat. §331A.02, §331A.07, and other applicable laws as amended. (B)This Public Notice was printed and pub- lished in said newspaper(s) for 1 succes- sive issues; the first insertion being on 07/24/2014 and the last insertion being on 07/24/2014. By :aL.S.A.X.L-LA.A.54 Authorized Agent Subscribed and sworn to or affirmed before me on 07/24/2014. 01,,Qs2,,,Q M Ku. Notary Public City of Brooklyn Center (Official Publication) NOTICE OF PUBLIC HEARING REGARDING LAND SALE NOTICE IS HEREBY GIVEN that the Board of Commissioners of the Brooklyn Center Economic Devel- opment Authority (the "EDA") will meet at City Hall at 6301 Shingle Creek Pkwy, Brooklyn Center, Min- nesota (the "City") at or after 7:30 p.m. on Monday, August 11, 2014 to conduct a public hearing on the proposed sale of certain real prop- erty ("Property") located in the City to Dingman Construction, Inc. The Property is located at 5919 Xerxes Avenue North, Lot 6, Block 9 Hipp's 3rd Addition, in the City. The EDA will meet at the public hearing to determine if the sale is advisable. A copy of the terms and conditions of the proposed sale of the Property will be on file and available for in- spection at City Hall during regular business hours. Any person wishing to express an opinion on the matters to be con- sidered at the public hearing will be heard orally or in writing. 7/24/14, 3SP1, PHN 5919 Xerxes Land Sale, 251928 Rate Information: (I) Lowest classified rate paid by commercial users for comparable space: $46.90 per column inch Ad ID 251928 EDA ITEM MEMORANDUM DATE: July 14, 2014 TO: Curt Boganey, City Manager FROM: Gary Eitel, Director of Business & Development fr-YL SUBJECT: Resolution Calling for a Public Hearing Regarding Sale of Land Located at 5919 Xerxes Avenue North. Recommendation: It is recommended that the Economic Development Authority consider approval/adoption of the Resolution Calling for a Public Hearing Regarding Sale of Land Located At 5919 Xerxes Avenue North, Background: On December 12, 2011, the EDA adopted Resolution No. 2011-29, Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5919 Xerxes Avenue North). The property was a vacant foreclosed single family residence that was in a blighted condition caused by significant water damage with extreme mold/air quality issues within the basement. The EDA acquired the property from the Federal National Mortgage Association, AKA Fannie Mae, for the listed price of $29,000 on December 29, 2011. The City's housing consultant, GMHC (Greater Metropolitan Housing Corporation) coordinated the demolition of the residence and detached garage. The Remove and Rebuild Program is funded through the Housing Fund of Tax Increment District #3. The resale of property acquired with these funds does have to meet the following affordable income qualifications: 0 a family of one or two cannot exceed the average household median income for the Metropolitan Area (2014 - $83,900) and a family of 3 or more cannot exceed 115% of the Metropolitan Average Household Income ( 2014 - $95,300) Proposed Sales of 5919 Xerxes Avenue North: The property is a typical interior lot with 75 feet of frontage on Xerxes Avenue North and a lot depth of 135 feet. The 2014 assessed valuation of the adjacent properties are $123,700 to the north and $133,900 to the south and include a land value of $37,500. The City has received a purchase agreement from Dingman Construction and CITI Realty to acquire this lot for $25,000 for the purpose of constructing a 4 bedroom, 2 bath split entry home with a two car attached garage for an owner occupant that has qualified for a traditional mortgage and does not exceed the TIF 3 Housing income threshold. Mission: Ensuring an attractive, clean, safe, inclusive commit*, that enhances the quality of life for all people and preserves the public illat EDA ITEM MEMORANDUM The contractor has provided the attached plans for a split entry home and construction specification to indicate the quality of the construction. Additionally, he has indicated that the offer reflects his estimate of $8,000 in soil correction and foundation work in the area of the former basement and a savings to the EDA by eliminating any real estate commissions for the lot sales. The combination of this additional expense and the EDA's savings, results in a land value comparable to that of the adjacent properties. The City Attorney has prepared the attached resolution which authorizes the setting of a public hearing for the August 11, 2014 EDA Meeting to consider the sale of this property. Should the EDA decide to proceed with the potential sales of this lot and adopt the resolution, the City Attorney will proceed with the preparation of a developer's agreement that would include the following standard provisions: 1.that the developer will build this house in accordance with those plans and specs as approved by the EDA; 2.that the developer will start construction no later than 12 months after the conveyance of the property; 3.that the developer is required to sell the home to an income-qualified purchaser; and 4.includes the Deed restriction that should the developer not commence construction within one year of the conveyance of the property, the land will come back to the EDA. Budget Issues: The proceeds from this land sale are considered Tax Increment Revenues and will be placed back into the TIF 3 Housing Fund. 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