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<br />1 <br />425581v2 SJR MU210-213 <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION 13-EDA-278 <br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />RESOLUTION AUTHORIZING PURCHASE OF PROPERTY <br /> <br /> <br /> WHEREAS, Krystal Maintenance, Inc., a Minnesota corporation (“Seller”) is an owner of <br />real estate located at 2394 County Road 10, Mounds View, Ramsey County, Minnesota, and which <br />Parcel I.D. No. 08.30.23.31.0071 and is legally described in the Agreement as hereinafter defined <br />(the “Property”); and <br /> <br /> WHEREAS, the Mounds View Economic Development Authority, a public body <br />corporate and politic (the “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 <br />the 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, <br />with 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 <br />THE 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 <br />of 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. <br /> <br /> 4. The President and Executive Director of the EDA, staff and consultants are hereby <br />authorized and directed to take any and all additional steps and actions necessary or convenient in <br />order to accomplish the intent of this Resolution.