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