EDA Resolution 14-EDA-286 - Laserfiche WebLink

Home Browse Search

MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION 14-EDA-286 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION AUTHORIZING PURCHASE OF PROPERTY WHEREAS, Shelly D. Parker, a single person ("Seller"), is an owner of real estate located at 2665 Ardan Avenue, Mounds View, Ramsey County, Minnesota, and which is legally described in the Agreement as hereinafter defined (the "Property"); and WHEREAS, the Mounds View Economic Development Authority, a public body corporate and politic (the "EDA") desires to purchase of the Property from the Seller using Community Development Block Grant (CDBG) funds as part of the Home Investment Partnership (HOME) through the Ramsey County Housing and Redevelopment Authority; and WHEREAS, the EDA has followed applicable statutory provisions and the EDA finds that the purchase of the Property will fulfill the objectives, goals and mission of the EDA; and WHEREAS, the EDA has caused to be prepared an offer and purchase agreement (the "Agreement") providing for the terms of the conveyance of the Property from Seller to the EDA, with such Agreement being as set forth in Exhibit A and incorporated into and made a part of this Resolution. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY, AS FOLLOWS: 1. The recitals set forth in this Resolution are incorporated into and made a part of this Resolution. 2. The purchase of the Property by the EDA is hereby approved pursuant to the terms of the Agreement, which is also approved in substantially the form presented to the Commission on this date, subject to modifications that do not materially alter the EDA's rights and obligations under the Agreement and that are approved by the Authority's President and Executive Director, which approvals shall be conclusively evidenced by execution of the Agreement. 3. The President and Executive Director of the EDA are hereby authorized and directed to execute all appropriate documents, including but not limited to the Agreement, to effectuate the transaction contemplated by this Resolution.