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RESOLUTION NO. 98-EDA-98 <br /> MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION APPROVING AND AUTHORIZING THE PURCHASE AGREEMENT FOR THE ACQUISITION <br /> OF 6991 PLEASANT VIEW DRIVE AS PART OF THE EDA'S HOUSING REPLACEMENT PROGRAM <br /> It is hereby resolved by the Board of Commissioners(the"Board")of the Mounds View Economic <br /> Development Authority(the"Authority")as follows: <br /> Section 1. Recitals. <br /> (a) Pursuant to Minnesota Statues, Sections 469.124 to 469.134 and 469.090 to 469.108 <br /> (collectively,the"Act"),the Authority(I)has undertaken a program to promote development and <br /> redevelopment of certain land within the City of Mounds view and is engaged in carrying out the Mounds <br /> View Economic Development Project(the"Project")within the City; (ii)has approved a Project Plan for <br /> the Project; and(iii)has approved and adopted a Housing Replacement Program under and as an aspect <br /> of the Project Plan. <br /> (b) It has been approved that the Authority acquire the property located 6991 Pleasant View <br /> Drive(the"Property")and that the Authority enter into a purchase agreement and/or similar <br /> agreement(s)(collectively,the"Agreement")for that acquisition and/or subsequent clearance of the <br /> property for redevelopment <br /> Section 2. Resolved. <br /> 2.01 The Board hereby determines that the Authority's execution of the Agreement and the <br /> subsequent acquisition and/or clearance of the Property would be in furtherance of the Project Plan and <br /> the Housing Replacement Program and hereby approves and authorizes said actions,including the <br /> execution of the Agreement by the officers of the Authority in their discretion and at such time,if any, as <br /> they may deem appropriate. <br /> 2.02 Upon execution and delivery of the Agreement,the officers and employees of the <br /> Authority(including members of the City Staff, acting in their capacity as staff to the Authority as <br /> well)are hereby authorized and directed to take or cause to be taken such actions as may be <br /> appropriate or necessary on behalf of the Authority to implement the Agreement,including the <br /> acquisition of the Property,which is being accomplished for redevelopment purposes. <br /> 2.03 That the Board of the Authority hereby determines that the execution and <br /> performance of the Agreement and acquisition of the Property will help realize the public purposes <br /> of the Act and are in furtherance of the Project Plan and the Housing Replacement Program. <br /> Adopted by the Board of Commissioners of the Mounds View Economic Development Authority <br /> this 26th day of October, 1998. <br /> Duane McCarty,Acting President <br /> ATTEST: <br /> Chuck Whiting,Executive Director <br /> N:\DATA\GROUPS\COMDEV\HOUSING\M VHRP699IPLEA\AQUIS.RES <br />