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HomeMy WebLinkAbout2019-11 EDARCommissioner Ran introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 2019- 11 RESOLUTION APPROVING THE ACQUISTION OF CERTAIN PROPERTY LOCATED AT: 6921 BROOKLYN BOULEVARD, BROOKLYN CENTER, MN 55429 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 (PTD 27-119-21-33-0014) located at 6921 Brooklyn Boulevard, situated in the State of Minnesota, County of Hennepin, and which is legally described as follows: That part of Lot 4, Block 1, Sunset Manor, which lies southwesterly of a line run parallel with and distance 42 feet southwesterly of the following described line: Beginning at a point on the South line of Section 27, Township 119 North, Range 21 West distance 1607.8 feet West of the South quarter corner thereof, thence run northwesterly at angle of 53 degrees 20 minutes 37.5 seconds with said South Section line for 800 feet and there terminating. [Torrens Certificate No. 657652] (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. 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. 557965v CBR BR305-151 May 28, 2019 Date President The motion for the adoption of the foregoing resolution was duly seconded by Commissione►• Graves and upon vote being taken thereon, the following voted in favor thereof: Butler, Graves, Elliott, and Ryan and the following voted against the same: None whereupon said resolution was declared duly passed and adopted. 2 557965v 1 CBR B R305-151