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MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION 13-EDA-277 <br /> MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br /> RESOLUTION AUTHORIZING PURCHASE OF PROPERTY <br /> WHEREAS,Goff Holdings,LLC, a Minnesota limited liability company("Seller")is an owner of real estate <br /> located at 2400 County Road H2, Mounds View, Ramsey County, Minnesota, and which is legally described in the <br /> Agreement as hereinafter defined(the"Property");and <br /> WHEREAS,the Mounds View Economic Development Authority, a public body corporate and politic(the <br /> "EDA")desires to purchase of the Property from the Seller;and <br /> WHEREAS,the EDA has followed applicable statutory provisions and the EDA finds that the purchase of the <br /> Property will fulfill the objectives,goals and mission of the EDA;and <br /> WHEREAS,the EDA has caused to be prepared an offer and purchase agreement(the"Agreement')providing for <br /> the terms of the conveyance of the Property from Seller to the EDA,with such Agreement being as set forth in Exhibit A and <br /> incorporated into and made a part of this Resolution. <br /> NOW THEREFORE,BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE MOUNDS VIEW <br /> ECONOMIC DEVELOPMENT AUTHORITY,AS FOLLOWS: <br /> 1. The recitals set forth in this Resolution are incorporated into and made a part of this Resolution. <br /> 2. The purchase of the Property by the EDA is hereby approved pursuant to the terms of the Agreement, <br /> which is also approved in substantially the form presented to the Commission on this date,subject to modifications that do <br /> not materially alter the EDA's rights and obligations under the Agreement and that are approved by the Authority's President <br /> and Executive Director,which approvals shall be conclusively evidenced by execution of the Agreement. <br /> 3. The President and Executive Director of the EDA are hereby authorized and directed to execute all <br /> appropriate documents, including but not limited to the Agreement, to effectuate the transaction contemplated by this <br /> Resolution. <br /> 4. The President and Executive Director of the EDA,staff and consultants are hereby authorized and directed <br /> to take any and all additional steps and actions necessary or convenient in order to accomplish the intent of this Resolution. <br /> 5. The purchase of the property shall be funded using unobligated tax increment financing dollars. <br /> Approved by the Board of Commissioners of the Mounds View Economic Development Authority this 13th day of <br /> May,2013. <br /> ' esident — <br /> ATTEST: <br /> \j a4d , �► <br /> Executive Director <br />