HomeMy WebLinkAboutResolution No. 95-15 EDAMember FA 1 ; -i-i- introduced the following resolution and moved its
adoption:
LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION 95-15
RESOLUTION AUTHORIZING THE EDA TO ENTER INTO A PURCHASE
AGREEMENT WITH ANOKA COUNTY FOR 6508 HODGSON ROAD
WHEREAS, Anoka County has claim to real property at 6508 Hodgson Road in Lino
Lakes through a 1989 forfeiture procedure governed by federal statutes;
WHEREAS, Anoka County has offered to sell the property to the City of Lino Lakes for
its fair market value of $61,400;
WHEREAS, the property is zoned General Business and a commercial use would serve
the best interests of the community;
NOW, THEREFORE, BE IT RESOLVED by the Lino Lakes Economic Development
Authority as follows:
1. Staff and City Attorney are hereby authorized and directed to enter into a
purchase agreement with Anoka County for the purchase of the property at the
fair market value of $61,400;
2. Staff and City Attorney are authorized and directed to commence the legal
proceeding to register title to the City of Lino Lakes through Anoka County
District Court.
3. Staff and City Attorney are authorized and directed to include in the purchase
agreement terms which would require refund of the purchase price by Anoka
County if the City is unable to successfully register title; and any and all
protections deemed necessary to safeguard the interests of the City of Lino
Lakes.
Dated: September -i -1-,-l-995
November 13, 1995
President
Executive Director
The motion for the adoption of the foregoing resolution was duly seconded by
member Kuether and upon vote being taken thereon, the following voted
in favor thereof:
Reinert, Neal, Kuether, Bergeson, Elliott
and the following voted against same:
Whereupon said resolution was declared duly passed and adopted.