HomeMy WebLinkAboutResolution No. 04-02 EDALINO LAKES ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 04-02
RESOLUTION AUTHORIZING THE SALE OF PROPERTY
WHEREAS, The Lino Lakes Economic Development Authority (the "Authority") owns 4.4 acres
of property (the "Property") on the northeast corner of Highway 23 (Lake Drive) and Highway 49
(Hodgson Road): and
WHEREAS, the real property is described as:
That part of Government Lot 1, Section 30, Township 31, Range 22, Anoka County, Minnesota
and all of that part of the right of way of State Highway No. 49 (also known as Hodgson Road)
lying within said Government Lot 1, lying northwesterly of the southeasterly right of way line of
said State Highway No. 49, lying southeasterly of a line parallel with and distant 75.00 feet
southeasterly of Line A as described below, lying northeasterly of a line parallel with and distant
64.00 feet northeasterly of Line B as described below and lying northeasterly of a line parallel
with and distant 74.00 feet northeasterly of Line C as described below:
Line A: Beginning at a point on the west line of Section 25, Township 31, Range 23,
distant 944.55 feet north of the southwest corner thereof; thence northeasterly
at an angle of 48 degrees 18 minutes 00 seconds from said west section line
(measured from north to east) 247.30 feet; thence northeasterly deflecting to
the right 09 degrees 52 minutes 00 seconds a distance of 8400.70 and said line
there terminating.
Line B: Commencing at the northwest corner of said Section 30; thence on an assumed
bearing of South 89 degrees 54 minutes 18 seconds East along the north line of
the Northwest Quarter of said Section 30 a distance of 1596.26 to the point of
beginning of the line to be described, said north line of the Northwest Quarter
also being the north line of said Government Lot 1; thence South 40 degrees 01
minute 05 seconds East 109.40 feet; thence southeasterly 429.10 feet along a
tangential curve concave to the southwest having a central angle of 30 degrees
02 minutes 14 seconds and a radius of 818.51 feet and said line there
terminating.
Line C: Beginning at the terminus of Line B as described above; thence South 09
degrees 58 minutes 51 seconds East and tangent to last above described curve
393.10 feet and said line there terminating.
TOGETHER with all that part of Lot 17, Auditor's Subdivision No. 151, Anoka County,
Minnesota and all that part of the right of way of State Highway No. 49 (also known as Hodgson
Road) lying within Government Lot 3, Section 19, Township 31, Range 22, and lying
northwesterly of the southeasterly right of way line of said State Highway No. 49 and lying
southeasterly of a line parallel with and distant 75.00 feet southeasterly of the following
described line:
Beginning at a point on the west line of Section 25, Township 31, Range 23, distant
944.55 feet north of the southwest corner thereof; thence northeasterly at an angle of 48
degrees 18 minutes 00 seconds from said west section line (measured from north to east)
247.30 feet; thence northeasterly deflecting to the right 09 degrees 52 minutes 00 seconds
a distance of 9120.00 feet and said line there terminating.
Subject to all right of access, being the right of ingress to and egress from the two above
described properties to County State Aid Highway No. 23, also known as Lake Drive.
WHEREAS, Ernest G. Rud, together with Marian Rud, Jason Rud and Karla Rud (collectively
the "Buyer") has agreed to purchase the property from the Authority for an amount of $300,000;
and
WHEREAS, the Authority has agreed to divide the cost of burying power lines on the Property at
a cost that will not exceed $25,000 to the Authority; and
WHEREAS, the Authority has determined that the Property is no longer needed for any public
purpose.
NOW, THEREFORE, BE IT RESOLVED by the Lino Lakes Economic Development Authority
as follows:
r r art -
Staff and City Attorney are hereby authorized and directed to a purchase agreement with
the Buyer for the purchase of the property for the amount of $300,000.
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.
September 27, 2004.
A 1"! EST:
x utive Director