HomeMy WebLinkAboutResolution 97-EDA731~0~ ~~^~~'~~~ ~ 9
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RESOLUTION NO. 97-EDA73
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION APPROVING AND AUTHORIZING THE EXECUTION OF A
PARTICIPATION AGREEMENT FOR THE REDEVELOPMENT OF 8265 SPRING LAKE
ROAD
WHEREAS, the Mounds View Economic Development Authority established a Housing
Replacement Program to remove houses which are in very poor condition, thereby, assisting in
the elimination of the blighting influence of substandard homes; and,
WHEREAS, the EDA purchased and demolished a substandard home located at 8265
Spring Lake Road; and,
WHEREAS, the vacant lot at 8265 Spring Lake Road was advertised for sale by the EDA
to an eligible builder/buyer team; and,
WHEREAS, the EDA selected Loren Hansen Construction to purchase the lot and
construct a home within the guidelines set forth in the Contract for Private Development;
NOW THEREFORE, BE IT RESOLVED that the Economic Development Authority
approves and authorizes entering into a Participation Agreement with Loren Hansen
Construction for the purchase of 8265 Spring Lake Road.
Adopted this 25 day of August, l 997.
ATTEST:
President
(SEAL)
xecutive Director