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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 13-EDA-277 <br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />RESOLUTION AUTHORIZING PURCHASE OF PROPERTY <br /> <br /> WHEREAS, Goff Holdings, LLC, a Minnesota limited liability company (“Seller”) is an owner of real estate <br />located at 2400 County Road H2, Mounds View, Ramsey County, Minnesota, and which is legally described in the <br />Agreement as hereinafter defined (the “Property”); and <br /> <br /> WHEREAS, the Mounds View Economic Development Authority, a public body corporate and politic (the <br />“EDA”) desires to purchase of the Property from the Seller; and <br /> <br />WHEREAS, the EDA has followed applicable statutory provisions and the EDA finds that the purchase of the <br />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 “Agreement”) providing for <br />the terms of the conveyance of the Property from Seller to the EDA, with such Agreement being as set forth in Exhibit A and <br />incorporated into and made a part of this Resolution. <br /> <br /> NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE MOUNDS VIEW <br />ECONOMIC DEVELOPMENT AUTHORITY, AS FOLLOWS: <br /> <br />1. The recitals set forth in this Resolution are incorporated into and made a part of this Resolution. <br /> <br /> 2. The purchase of the Property by the EDA is hereby approved pursuant to the terms of the Agreement, <br />which is also approved in substantially the form presented to the Commission on this date, subject to modifications that do <br />not materially alter the EDA's rights and obligations under the Agreement and that are approved by the Authority's President <br />and Executive Director, which 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 to execute all <br />appropriate documents, including but not limited to the Agreement, to effectuate the transaction contemplated by this <br />Resolution. <br /> <br /> 4. The President and Executive Director of the EDA, staff and consultants are hereby authorized and directed <br />to take any and all additional steps and actions necessary or convenient in order to accomplish the intent of this Resolution. <br /> <br /> Approved by the Board of Commissioners of the Mounds View Economic Development Authority this 13th day of <br />May, 2013. <br /> <br /> <br /> ___________________________________ <br /> President <br /> <br /> <br /> <br />ATTEST: <br /> <br /> <br />__________________________________________ <br />Executive Director <br />