HomeMy WebLinkAbout2019-04 EDARCommissioner Ran introduced the following resolution and moved its
adoption:
EDA RESOLUTION NO. 2019- 04
RESOLUTION APPROVING THE ACQUISTION OF CERTAIN PROPERTY
LOCATED AT: 3606 61st AVENUE NORTH, BROOKLYN CENTER, MN
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 desires to acquire a parcel (PID 34-119-21-43-0052) located at
3606 61' Avenue North, situated in the State of Minnesota, County of Hennepin, and which is legally
described as follows:
Lot 4, Block 6, WANGSTAD' S BROOKLYN TERRACE. [Torrens Certificate
No. 1225761]
(the "Property")
1.03. The Authority finds and determines that the acquisition of the Property is in the public
interest and will further the objectives of its general plan of economic development.
Section 2. AuthorityApproval, Further Proceedings.
2.01. The Board hereby approves the Agreement in substantially the form presented to the
Board, including the acquisition of the Property by the Authority, 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 Agreement by those officials shall be conclusive evidence of their
approval.
557965v1 CBRBR305-151
2.02. Authority staff and officials are authorized to take all actions necessary to perform the
Authority's obligations under the Agreement as a whole, including without limitation execution of
any documents to which the Authority is a party referenced in or attached to the Agreement, and other
documents necessary to convey the Property to the Authority, all as described in the Agreement.
March 11, 2019
Date
President
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Graves
and upon vote being taken thereon, the following voted in favor thereof: Ryan, Graves, Elliott, and
Lawrence -Anderson
and the following voted against the same: None
whereupon said resolution was declared duly passed and adopted.
2
557965v1 CBRBR305-151