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RESOLUTION NO. 01-EDA-152 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION AUTHORIZING THE SALE AND REDEVELOPMENT OF EDA-OWNED LAND LOCATED AT 2625 COUNTY HIGHWAY 10 TO THE MOUNDS VIEW ANIMAL HOSPITAL FOR $50,000 It is hereby resolved by the Board of Commissioners (the “Board”) of the Mounds View Economic Development Authority (the “Authority”) as follows: WHEREAS, the EDA acquired real property located at 2625 County Highway 10 (the “Property”) in 1995; and, WHEREAS, the EDA, after demolishing the existing building and restoring the Property, marketed the Property for commercial redevelopment; and, WHEREAS, On May 2, 2001, the EDA received a purchase offer from the Mounds View Animal Hospital with certain contingencies; and, WHEREAS, the Purchaser intends to construct upon the property a 5,086 square foot, single-story veterinary clinic and animal boarding facility; and, WHEREAS, the EDA, on May 7, 2001 provided staff with direction to accept the purchase offer from the Mounds View Animal Hospital (the “Purchaser”) for the property in the amount of $50,000; and, WHEREAS, the EDA, on October 1, 2001, held a public hearing regarding conveyance of the Property to the Purchaser at which time all interested persons were given an opportunity to be heard. NOW THEREFORE BE IT RESOLVED, that the Mounds View Economic Development Authority, finding that the proposed development would be consistent with the City’s Comprehensive Plan and Zoning Code, and finding that the proposed development would be a low intensity use with little impact to the neighborhood, hereby approves the sale of the Property to the Purchaser in the amount of $50,000, less submitted earnest money.