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Mounds View EDA May 8, 2000 Regular Meeting Page 2 5. EDA BUSINESS A. Public Hearing and Consideration of Resolution 00-EDA-129, a Resolution Authorizing the Sale of EDA-Owned Property Located at 2225 Hillview Road to Habitat for Humanity. President Coughlin opened the Public Hearing at 8:57 p.m. Planning Associate Ericson stated the item before the Council was a Minnesota Statutes requirement that any sale of publicly owned land requires a public hearing. He stated this item was discussed at previous Economic Development Authority meetings, and the issue before the Council at this time is the sale of the land to Habitat for Humanity at a purchase price of $50,000. He indicated the Authority has been provided with a revised resolution, in addition to the Contract for Private Redevelopment, which was submitted to staff that afternoon. Planning Associate Ericson advised that the Contract for Private Redevelopment has been forwarded to Habitat for Humanity staff, and they are in the process of reviewing it, however, it is based upon one of their purchase and redevelopment agreements that they have utilized in another city, therefore, it should be in a form that is acceptable to Habitat for Humanity, and given that it was drafted by the City Attorney, it is in a form that is acceptable to the City as well. Planning Associate Ericson stated there are blank spaces in the Contract for Private Development, which require the insertion of the square footage of the proposed home, and the estimated value of the home. He indicated there are also blank spaces pertaining to the timing of the project, and those would likely be filled in the following day, as that information becomes available. Planning Associate Ericson advised that Resolution 00-EDA-029 has been revised. He indicated that the heading of the resolution that was previously provided to the Authority indicates that this is a resolution approving and authorizing a Purchase and Redevelopment Agreement, however, the revised language indicates that this is a Contract for Private Redevelopment. He stated Recital 1.01 in Section 1, contains a typographical error with regard to the reference to Minnesota State Statutes, however, the Section numbers have been revised, and are accurate. He indicated recital 1.05 has been revised to indicate “The Authority acquired the land, house, and garage located a 2225 Hillview.” Planning Associate Ericson stated a new Recital 1.06 has been added to the resolution, which indicates “The Authority contracted with Kevitt Excavating to have the house demolished and the site restored for redevelopment, leaving the garage as the only remaining structure on the property.” He advised that the language “Purchase and Redevelopment Agreement” in Recital 1.07, formerly 1.06, has been stricken and replaced with the language “Contract for Private Redevelopment.” He explained that these were the changes to the resolution presently before the