Resolution 00-EDA129 - Laserfiche WebLink

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,,", . . . RESOLUTION NO. 00-EDA-129 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY COUNTY OF RAMSEY STATE OF MINNESOTA A RESOLUTION APPROVING AND AUTHORIZING A CONTRACT FOR PRIVATE REDEVELOPMENT BY AND BETWEEN THE MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY AND TWIN CITIES HABITAT FOR HUMANITY, INC. It is hereby resolved by the Board of Commissioners (the "Board") of the Mounds View Economic Development Authority (the "Authority") as follows: Section I. Recitals. 1.01 The Authority has the powers provided in the Minnesota Statutes, Sections 469.124 to 469.134 and 469.090 to 469.1081 (collectively, the "Act"). 1 .02 Pursuant to and in furtherance of the objectives of the Act, the Authority has undertaken a program to promote development and redevelopment of certain land within the City of Mounds View and in this connection is engaged in carrying out the Mounds View Economic Development Project (the "Project") within the City. 1.03 There has been approved pursuant to the Act a Project Plan for the Project. 1.04 The redevelopment and development of property within the Project by private developers are stated objectives of the Project Plan. 1.05 The Authority acquired the land, house and garage located at 2225 HiIlview Road (the "Property") as part of the Housing Replacement Program per Resolution No. 99-EDA-114 and in furtherance of the objectives stated above. 1.06 The Authority contracted with Kevitt Excavating, Inc. to have the house demolished and site restored for future redevelopment, leaving the garage as the only remaining structure on the Property. 1.07 Twin Cities Habitat for Humanity, Inc. (the "Developer") is offering to purchase the Property from the EDA under the guidelines of the Housing Replacement Program for $50,000 of which the terms of the purchase and redevelopment of the Property are outlined in the attached Contract for Private Redevelopment (the "Agreement").