10-13-1997 EDA - Laserfiche WebLink

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I RESOLUTION NO. 97-EDA74 • CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION APPROVING AND AUTHORIZING A PURCHASE AGREEMENT WITH MERIDIAN PROPERTIES REAL ESTATE DEVELOPMENT LIMITED PARTNERSHIP FOR THE SALE OF 2625 HIGHWAY 10 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 Statues, Sections 469.124 to 469.134 and 469.090 to 469.108 (collectively,the"Act") (b) 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 connection is engaged • in carrying out the Mounds View Economic Development Project(the "Project)within the City. (c) There has been approved pursuant to the Act a Project Plan for the Project. (d) The redevelopment and development of property within the Project by private developers are stated objectives of the Project Plan (f) The Authority acquired approximately .68 acres of land located at 2625 Highway 10 (the"Property")per Resolution No. 95-EDA34 per the objectives stated above. (g) Meridian Properties Real Estate Development Limited Partnership (the "Developer") is offering to purchase the Property from the EDA for an amount of$125,000 of which terms of the sale is outlined in the attached purchase agreement(the"Agreement). 2. The Board hereby determines that the Authority's execution of the Agreement and subsequent sale of the Property would be in furtherance of the Project Plan and hereby approves and authorizes said actions, including the execution of the Agreement by the officers of the Authority in their discretion and at such time, if any, as they may deem appropriate. •