HomeMy WebLinkAboutResolution No. 97-01 EDAMember Kuether introduced the following resolution and moved its adoption:
LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. f1- D I
WHEREAS, on or about July 3, 1996, the Lino Lakes Economic Development Authority
(the "EDA") and Rush Enterprises, Inc. ("Rush") entered into that certain Contract for Private
Development by and between Lino Lakes Economic Development Authority and Rush Enterprises
Inc. (the "Development Agreement"); and
WHEREAS, the Development Agreement required the EDA to transfer certain property
legally described on Exhibit A attached hereto (the "Property") to Rush; and
WHEREAS, the Development Agreement and other documents contemplated transfer of
the Property after completion of certain improvements (the "Minimum Improvements") by Rush
to Harry L. Chapple and Karen H. Chapple, husband and wife (the "Chapples"); and
WHEREAS, the Minimum Improvements have been completed and the EDA has issued
a certificate of completion for same; and
WHEREAS, Minnesota Statutes, section 469.105, subd. 5 requires that any transfer of the
Property within one year of its sale to Rush be approved by the EDA; and
WHEREAS, the Development Agreement states that such approval shall not be
unreasonably withheld; and
WHEREAS, there exists no reason known to the EDA to withhold approval of the transfer
of the Property to the Chapples.
NOW, THEREFORE, BE IT RESOLVED By the Lino Lakes Economic Development
Authority as follows:
1. Transfer of the Property by Rush to the Chapples is hereby approved.
2. EDA staff and consultants are directed and authorized to take any additional steps
necessary or convenient in order to effect this transfer.
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Dated February 10, , 1997.
Attest:
Executive Director
The motion for the adoption of the foregoing resolution was duly seconded by member
Neal and upon vote being taken thereon, the following voted in favor thereof:
Neal, Kuether, Lyden, Bergeson, Landers
and the following voted against same:
Whereupon said resolution was declared duly passed and adopted.
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EXHIBIT A
PROPERTY LEGAL DESCRIPTION
That part of Outlot B, Apollo Business Park, Anoka County, Minnesota lying
southwesterly of Line A as described below and northeasterly of Line B as
described below:
LINE A
Commencing at the most northerly corner of said Outlot B; thence on an assumed
bearing of South 58 degrees 02 minutes 08 seconds West along the northwesterly
line of said Outlot B a distance of 126.35 feet; thence southwesterly along said
northwesterly line and along a tangential curve concave to the southeast, having
a radius of 799.00 feet, a central angle of 17 degrees 50 minutes 56 seconds and
an arc length of 248.91 feet; thence South 40 degrees 11 minutes 12 seconds West
along said northwesterly line and tangent to said curve 75.00 feet to a point
hereinafter referred to as Point "A", said Point "A" also being the point of
beginning of Line A to be described; thence South 49 degrees 48 minutes 48
seconds East 323.37 feet to the southeasterly line of said Outlot B and there
terminating.
LINE B
Commencing at Point "A" as described above; thence South 40 degrees 11 minutes
12 seconds West along the northwesterly line of said Outlot B a distance of 262.84
feet; thence southwesterly along said northwesterly line and along a tangential
curve concave to the southeast having a radius of 799.00 feet, a central angel of
4 degrees 36 minutes 00 seconds and an arc length of 64.14 feet to the point of
beginning of the Line B to be described; thence South 49 degrees 48 minutes 48
seconds East and not tangent to said curve 295.14 feet to the southeasterly line of
said Outlot B and there terminating.
RHB115856
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