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HomeMy WebLinkAbout2018-010 EDARCommissioner Kris Lawrence-Anderson introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 2018-10 RESOLUTION APPROVING AND AUTHORIZING THE EXECUTION OF A LEASE WITH LUTHER AUTOMOTIVE GROUP WHEREAS, the Economic Development Authority of the City of Brooklyn Center, Minnesota ("EDA") owns the property located at 5900 Shingle Creek Parkway, Brooklyn Center, Minnesota, legally described as Lot 1, Block 1, Brookdale Square 2nd Addition, Hennepin County, Minnesota ("Property"); and WHEREAS, Luther Automotive Group ("Luther") desires to enter into a lease with the EDA to use the parking lot portion of the Property for storage of its new vehicles in compliance with the Interim Use Permit approved by the City Council of the City of Brooklyn Center ("City") to allow Luther to store vehicles on the Property for a period of time, subject to certain conditions; and WHEREAS, the EDA determines that the storage of new vehicles by Luther is a reasonable use of the Property and will serve to address Luther's interim need to secure off-site vehicle storage to facilitate the construction of its new dealership facility within the City; and WHEREAS, the proposed lease has a term of two years, with the option to extend the term for an additional year, subject to the term of the approved Interim Use Permit. NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the Economic Development Authority of Brooklyn Center, Minnesota ("Board") as follows: The Board hereby approves entering into a lease with Luther to allow it to store its new vehicles on the Property. 2. EDA staff and officials are authorized to further negotiate the terms of the lease and the President and Executive Director are authorized to execute the lease once it is in a form acceptable to the City Attorney. July 23, 2018 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, Dan Ryan and the following voted against the same: whereupon said resolution was declared duly passed and adopted.