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. . . RESOLUTION NO. 5011 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION AUTHORIZING ACQUISITION OF REAL PROPERTY WHEREAS, the City of Mounds View, Milmesota ("City") is a municipal corporation and subdivision of the State of Minnesota organized and operating under Milmesota law, as amended, as is to acquire real estate in the manner provided by law; and WHEREAS, the City Council finds it desirable to acquire the real estate described in Exhibit A attached hereto known as the Bel-Rae Ballroom site ("Subject Property") for the purpose of promoting the health, safety and welfare of the residents of the city; and WHEREAS, the Subject Property is well located, of a suitable size and is otherwise suitable to serve the City's need for said purpose; and WHEREAS, the Subject Property is currently owned by the Mounds View Economic Development Authority ("Authority"), which desires to sell the Subject Property to the City for $1.00 pursuant to Minnesota Statutes, Section 471.64. NOW, THEREFORE, BE IT RESOLVED by the City Council, in and for the City of Mounds View, as follows: 1. The City Council hereby finds the acquisition of the Subject Property to be suitable, necessary and reasonable and for a public purpose to serve the needs of the citizens and property owners of the City. 2. City staff are hereby authorized and directed to take all necessary steps to acquire the Subject Property from the Authority for $1.00 by quitclaim deed, including, without limitation, the preparation ffild execution of all appropriate documents. Adopted by the City Council, in and for the City of Mounds View, Minnesota this 23rd day of September, 1996. ATTEST: (f/if ()~ Chuck Whiting, Clerk-Administrator