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CITY OF CITY OF MOUNDS VIEWAgenda Section I <br /> REQUEST FOR COUNCIL CONSIDERATION Report Number: Tit•LI I7 <br /> I1OS STAFF REPORT Report Date: 9/18/96 <br /> 0 .2. <br /> �( COUNCIL MEETING DATE <br /> Special Order of Bus. <br /> .A <br /> September 18. 1996 Consent Agenda <br /> rOB��jj,Aartnacs<'`QS ...— <br /> Public Hearings <br /> X Council Business <br /> Item Description: Consideration of Resolution No. 5011 Authorizing the Acquisition of Real Property. <br /> Executive Director's Review/Recommendation: <br /> -No Comments to supplement this report <br /> -Comments attached. <br /> Explanation/Summary (attach supplement sheets as necessary) <br /> Summary: <br /> Currently the Mounds View Economic Development Authority (EDA) legally owns the Bel-Rae building and <br /> land. The EDA is a separate corporate body, legally and politically, from the City of Mounds View. It is <br /> recommended by Attorney Bob Long that the City legally acquire the property to enable full authority when <br /> managing and administering recreation programs and special and private events. In addition, by having the <br /> same entity own and operate the facility, double liability exposure is not an issue. <br /> The attached resolution authorizes City staff to take the necessary step to acquire the Bel-Rae property from <br /> the EDA for $1.00 by quit claim deed. <br /> •mmediately following the Council meeting the EDA will consider a resolution which will convey the Bel- <br /> Rae property to the City for$1.00 by quit claim deed. <br /> CAP iii/hyvt L(11— <br /> Economic Dev lopment Coordinator <br /> RECOMMENDATION: Approve Resolution No. 5011 Authorizing the Acquisition of Real Property <br />