Resolution No. 13-06 EDA - Laserfiche WebLink

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LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 13-06 APPROVING AN EASEMENT AGREEMENT BETWEEN THE LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY AND LINO LAKES ASSISTED LIVING, LLC BE IT RESOLVED By the Board of Commissioners ("Board") of the Lino Lakes Economic Development Authority ("Authority") as follows: Section 1. Recitals. 1.01. The Authority previously conveyed certain property described as Lot 1, Block 1, The Village No. 5, according to the recorded plat thereof, Anoka County Minnesota (the "LLAL Parcel") to Lino Lakes Assisted Living, LLC ("LLAL"). 1.02. Pursuant to 2013 Minnesota Laws, Chapter 73, Section 10, the Authority expects to acquire certain tax -forfeited property described as Outlot B, The Village No. 3, according to the recorded plat thereof, Anoka County Minnesota (the "EDA Parcel"), which parcel is adjacent to the LLA Parcel. 1.03. To facilitate development of the LLAL Parcel, the Authority has determined to grant to LLAL an easement across a portion of the EDA Parcel for purposes of a driveway that provides access to the LLA Parcel. 1.04. The Board has reviewed terms of a proposed Easement Agreement between the Authority and LLAL (the "Easement Agreement"), describing the terms and conditions of the driveway easement. Section 2. Authority Approval; Further Proceedings. 2.01. The Easement Agreement is hereby in all respects approved in the form attached hereto as Exhibit A, 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 documents by such officials shall be conclusive evidence of approval. 2.02. The President and Executive Director are hereby authorized to execute, on behalf of the Authority, the Easement Agreement, and any documents referenced therein requiring execution by the Authority or otherwise required to effectuate the transaction described in those documents; provided that the Easement Agreement shall not be executed and delivered to LLAL until the Authority takes title to the EDA Parcel. 2.03. Authority staff and consultants are authorized and directed to take all actions needed to carry out the transactions described in this Resolution. 427348v5 SJB LN140-109