Resolution No. 04-01 EDA - Laserfiche WebLink

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LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 04-01 RESOLUTION AUTHORIZING THE SALE OF PROPERTY WHEREAS, The Lino Lakes Economic Development Authority (the "Authority") authorized entering into a purchase agreement with Anoka County for the purchase of a property at 6508 Hodgson Road (the "Property") on September 11, 1995; and WHEREAS, the real property is described as: That part of the Northeast Quarter of the Southeast Quarter of Section 30, Township 31, Range 22, Anoka County, Minnesota, described as follows: Beginning at the intersection of the south line of said Northeast Quarter with the centerline of State Highway No. 49 as now established; thence east along said south line 208 feet to a point 858.5 feet west from the southeast corner thereof; thence north at right angles a distance of 220 feet; thence west and parallel with said south line of the Northeast Quarter of the Southeast Quarter to said centerline of State Highway No. 49; thence southeasterly along said centerline to the point of beginning. Except that part platted as Anoka County Highway Right of Way Plat No. 11.; and WHEREAS, Anoka County has agreed to purchase the property back from the Authority for an amount of $88,400; and WHEREAS, the Authority has determined that the Property is not longer needed for any public purpose. NOW, THEREFORE, BE IT RESOLVED by the Lino Lakes Economic Development Authority as follows: Staff and City Attorney are hereby authorized and directed to enter into a purchase agreement with Anoka County for the purchase of the property for the amount of $88,400. The President, Executive Director, staff and City Attorney are hereby authorized and directed to take any and all other steps necessary or convenient in order to accomplish the sale of the Property. February 23, 2004. President