HomeMy WebLinkAboutResolution No. 04-01 EDALINO 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
ATTEST:
Ex cutive Director
n
AGENDA ITEM 4
STAFF ORIGINATOR: Mary Alice Divine
DATE: 2/23/04
TOPIC: Public Hearing: Consideration of Resolution No. 04-
01 Authorizing the Sale of Property at 6508 Hodgson
Road
VOTE REQUIRED: 3/5
BACKGROUND:
In 1995 the city purchased from Anoka County a .7 -acre property known as the
"Kaiser" property on the northeast corner of Birch Street and Hodgson Road.
The property has a small abandoned home and several outbuildings, and is
zoned General Business. The purchase price was $61,400.
The intent for the use of the property was to make it available for commercial
development. However, the county later concluded that it needed a significant
amount of the parcel for right of way for future reconstruction of Hodgson
Road.
The Anoka County has agreed to purchase the parcel back from the city for
the amount of $88,400. The county intends to retain a portion of the parcel
for right-of-way and will subsequently offer the remainder of the land to the
owner of Apitz Garage for potential expansion of that facility.
OPTIONS:
1. Open the Public Hearing
2. Continue the Public Hearing
RECOMMENDATION:
Option 1