HomeMy WebLinkAboutResolution 95-EDA34
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MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 95-EDA-34
COUNTY OF RAMSEY
STATE OF MINNESOTA
A RESOLUTION APPROVING AND AUTHORIZING THE ACQUISITION OF
CERTAIN PROPERTY FOR REDEVELOPMENT PURPOSES AND THE EXECUTION
OF A PURCHASE AGREEMENT FOR THAT PURCHASE
It is hereby resolved by the Board of Commissioners (the
"Board") of the Mounds View Economic Development Authority (the
"Authority") as follows:
1. Recitals.
(a) The Authority has the powers provided in Minnesota
Statutes, sections 469.124 to 469.134 and 469.090 to 469.108
(collectively, the "Act").
(b) Pursuant to and in furtherance of the objectives
of the Act, the Authority has undertaken a program to
promote development and redevelopment of certain land within
the City of Mounds View and in this connection is engaged in
carrying out the Mounds View Economic Development Project
(the "Project") within the City.
(c) There has been approved pursuant to the Act a
Project Plan for the Project.
(d) The redevelopment and development of property
within the Project by private developers are stated
objectives of the Project Plan.
(e) In order to achieve the objectives of the Project
Plan, the Authority has determined to provide substantial
aid and assistance through the financing of certain public
costs of development.
(f) The Authority desires to acquire the approximately
.78 acres of land located in the City at 2625 Highway 10
Northeast (the "Property"), bounded generally by Highway 10,
County Road I, and Eastwood, and it has been proposed that
the Authority enter in'co a purchase agreement (the
"Agreement") with the owners of that property for that
acquisition presently estimated at a cost of $125,000.
(g) The Authority authorizes an expenditure no
greater than 3% of the purchase price to be used for closing
costs and a Phase I Environmental Assessment.
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EDA RESOLUTION NO. 95-EDA-34
PAGE TWO OF TWO
2. The Board hereby determines that the Authority's
execution of the Agreement and the subsequent acquisition of
the Property would be in furtherance of the Project Plan and
hereby approves and authorizes said actions, including the
execution of the Agreement by the officers of the Authority
in their discretion and at such time, if any, as they may
deem appropriate.
3. Upon execution and delivery of the Agreement, the
officers and employees of the Authority (including members
of the City staff, acting in their capacity as staff to the
Authority as well) are hereby authorized and directed to
take or cause to be taken such actions as may be appropriate
or necessary on behalf of the Authority to implement the
Agreement, including the acquisition of the Property, which
is being accomplished for redevelopment purposes.
4. The Board hereby determines that the execution and
performance of the Agreement and the acquisition of the
Property will help realize the pUblic purposes of the Act
and are in furtherance of the Plan.
Adopted by the Board of Commissioners of the Mounds View
Economic Development Authority on October 9, 1995.
ATTEST:
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Executive Director's Certificate
I, the undersigned, being the duly qualified and acting
Executive Director of the Mounds View Economic Development
Authority, do hereby certify that I have carefully compared the
attached and foregoing resolution adopted at a special or regular
meeting of the Board of Commissioners of said Authority duly called
and regularly held on the date therein indicated with the original
thereof on file in my office and I further certify the same is a
full, true, and correct copy thereof, insofar as the same relates
to the approval of a certain Purchase Agreement respecting
redevelopment property located at 2625 Highway 10 Northeast.
I further certify that Boardmember Quick
moved the
adoption of said resolution, that Boardmember
Hankner
seconded said motion, and that upon a vote being taken thereon, the
following Boardmembers voted in favor thereof:
and the following Boardmembers voted against the same:
whereupon said resolution was declared duly passed and adopted.
WITNESS my hand as such Executive Director of said Authority
this ~ day of
October
, 1995.
Executive Director
Mounds View Economic
Development Authority
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