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<br /> <br />DOCSOPEN\MU205\62\913994.v2-11/7/23 <br />EDA RESOLUTION NO. 23-EDA-366 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />A RESOLUTION AUTHORIZING THE PURCHASE OF REAL PROPERTY <br /> <br />WHEREAS, Irene L. Lind, as Trustee of the Irene L. Lind Living Trust Agreement (the <br />“Owner”), is the fee owner of a parcel of real property which is located at 2716 Hillview Road, <br />Mounds View, Minnesota 55112 and legally described as set forth in Exhibit A (the “Property”); and <br /> <br />WHEREAS, the Owner intends to enter into that certain Purchase Agreement, dated <br />November 13, 2023 (the “Agreement”), with the Mounds View Economic Development Authority <br />(the “EDA”), whereby the Owners agreed to sell the Property to the EDA; and <br /> <br />WHEREAS, Minnesota Statutes, Section 469.101 authorizes an economic development <br />authority to purchase real property; and <br /> <br />WHEREAS, the EDA desires to purchase the Property, as authorized in the aforementioned <br />statutory provision; and <br /> <br />WHEREAS, the EDA has followed any and all applicable statutory provisions and finds that <br />the purchase of the Property will fulfill the objectives, goals and mission of the EDA. <br /> <br /> <br />NOW THEREFORE, BE IT RESOLVED by the Mounds View Economic Development <br />Authority as follows: <br /> <br />1. The recitals set forth in the preamble to this Resolution are incorporated into this Resolution <br />as if fully set forth herein. <br /> <br />2. The EDA hereby approves the Agreement in substantially the form presented to the EDA <br />on this date and on file with the Executive Director, including the purchase and acquisition <br />of the Property by the EDA, subject to modifications that do not alter the substance of the <br />transaction and that are approved by the EDA’s attorney. <br /> <br />3. The Acting President and Executive Director of the EDA are hereby authorized and directed <br />to execute the Agreement for and on behalf of the EDA. The Acting President, Executive <br />Director, staff and consultants of the EDA are hereby further authorized to perform the EDA’s <br />obligations under the Agreement, and to draft, execute, and deliver any and all documents <br />deemed necessary or convenient to carry out the intentions of this Resolution, including the <br />acquisition of real property contemplated herein. <br /> <br /> <br />Adopted on the 13th day of November, 2023.