Agenda Packets - 1999/09/27 - Laserfiche WebLink

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RESOLUTION NO. 99-EDA-118 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA A RESOLUTION APPROVING A REVISION TO THE PURCHASE AND REDEVELOPMENT AGREEMENT WITH VISTA CONSTRUCTION FOR THE PURCHASE OF PROPERTY LOCATED AT 6991 PLEASANT VIEW DRIVE It is hereby resolved by the Board of Commissioners (the "Board") of the Mounds View Economic Development Authority(the "Authority") as follows: 1. Recitals. (a) Pursuant to Minnesota Statutes, Sections 469.124 to 469.134 and 469.090 to 469.108. (collectively, the "Act"), the Authority(i) has undertaken a program to promote the 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; (ii) has approved a Project Plan for the Project; and (iii) has approved and adopted a Housing Replacement Program under and as an aspect of the project plan. (b) The redevelopment of property within the project is a stated objective of the Project Plan and the Housing Replacement Program. (c) The Housing Replacement Program's objectives include replacing lower-value housing on scattered sites throughout the City with larger, new and higher value housing designed for families, the elimination of blighting influences and the increase of available quality housing for families within the City. 2. The Board authorized in EDA Resolution 99-EDA-116 the execution of a Purchase and Redevelopment Agreement (the"Agreement")with Vista Construction(the"Developer") on August 9, 1999. 3. The Board, at the request of the Developer, hereby authorizes revisions to Section 7.5 of the Agreement as shown on the attached Exhibit 1. 4. The Board hereby determines that the Authority's execution of the revised Agreement and subsequent sale and redevelopment of the Property would be in furtherance of the Project Plan and hereby approves and authorizes said actions, including the execution of the revised Agreement by the officers of the Authority in their discretion and at such time, if any, as they may deem appropriate. 5. Upon execution and delivery of the revised Agreement, the officers and employees of the Authority(including members of the City staff, acting in their capacity as staff to the Authority as well) are hereby authorized and directed to take or cause to be taken such actions as may be appropriate or necessary on behalf of the Authority to implement the Agreement, including the sale and redevelopment of the Property, per the provisions set forth in the Agreement. 6. The Board hereby determines that the execution and performance of the revised Agreement will help realize the public purpose of the Act and are in furtherance of the Project Plan.