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HomeMy WebLinkAbout2015-006 EDAR Commissioner Lin Myszkowski introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 2015-06 RESOLUTION APPROVING A LETTER OF INTENT TO PURCHASE WITH SCA PROPERTIES, LLC REGARDING 6121 BROOKLYN BOULEVARD, 6107 BROOKLYN BOULEVARD AND 6101 BROOKLYN BOULEVARD WHEREAS, SCA Properties, LLC (the "Developer") has proposed to purchase from the Economic Development Authority of Brooklyn Center,Minnesota(the "EDA"),3 parcels of land located at 6121 Brooklyn Boulevard, 6107 Brooklyn Boulevard and 6101 Brooklyn Boulevard in the City of Brooklyn Center, Minnesota ("Property") for the purpose of constructing and operating thereon an approximately 164-unit senior assisted living facility consisting of a 4-story wing with 140 one bedroom units and I-story wing with 24 studio apartment units offering specialized care services(the"Project"). WHEREAS, in connection with the proposed purchase of the Property, the Developer has requested that the EDA enter into a Letter of Intent to Purchase (the "LOI") and the EDA has caused a form of the LOI to prepared for consideration by the Board of Commissioners of the EDA(the`Board"); and WHEREAS, the LOI reflects that it is subject to a definitive purchase agreement between the Developer and the EDA and that sale of the Property is subject to approval by the Board after a public hearing in accordance with applicable law. NOW,THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center as follows: 1. The LOI as presented to the Board is hereby in all respects approved, in substantially the form submitted, and the President and the Executive Director are hereby authorized and directed to execute the LOI on behalf of the EDA and to carry out,on behalf of the EDA,the EDA's obligations thereunder. 2. The approval hereby given to-the LOI includes approval of such additional details therein as may be necessary and appropriate and such modifications thereof, deletions therefrom and additions thereto as may be necessary and appropriate and approved by legal counsel to the EDA and by the officers authorized herein to execute said documents prior to their execution; and said officers are hereby authorized to approve said changes on behalf of the EDA. The execution of any instrument by the appropriate officers of the EDA herein authorized shall be conclusive evidence of the approval of such document in accordance with the terms hereof. In the event of absence or disability of the officers, any of the documents authorized by this Resolution to be executed may be executed without further act or authorization of the Board by any duly designated acting official, or by such other officer or officers of the Board as, in the opinion of the City Attorney,may act in their behalf. March 23 2015 �� 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, April Graves, Kris Lawrence—Anderson, Lin Myszkowski, and Dan Ryan; and the following voted against the same: none; whereupon said resolution was declared duly passed and adopted.