HomeMy WebLinkAboutResolution 98-EDA99
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RESOLUTION NO. 98-EDA-99
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION APPROVING AND AUTHORIZING THE PURCHASE AGREEMENT FOR THE ACQUISITION
OF 6991 PLEASANT VIEW DRIVE AS PART OF THE EDA'S HOUSING REPLACEMENT PROGRAM
It is hereby resolved by the Board of Commissioners (the "Board") of the Mounds View Economic
Development Authority (the" Authority") as follows:
Section 1. Recitals.
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(a) Pursuant to Minnesota Statues, Sections 469.124 to 469.134 and 469.090 to 469.108
(collectively, the "Act"), the Authority (I) has undertaken a program to promote development and
redevelopment of certain land within the City of Mounds view and is engaged in carrying out the Mounds
View Economic Development Project (the "Project") within the City; (ii) has approved a Project Plan for
the Project; and (iii) has approved and adopted a Housing Replacement Program under and as an aspect
of the Project Plan.
(b) It has been approved that the Authority acquire the property located 6991 Pleasant View
Drive (the "Property") and that the Authority enter into a purchase agreement and/or similar
agreement(s) (collectively, the "Agreement") for that acquisition and/or subsequent clearance of the
property for redevelopment
Section 2. Resolved.
2.01 The Board hereby determines that the Authority's execution of the Agreement and the
subsequent acquisition and/or clearance of the Property would be in furtherance of the Project Plan and
the Housing Replacement Program 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.
2.02 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.
2.03 That the Board of the Authority hereby determines that the execution and
performance of the Agreement and acquisition of the Property will help realize the public purposes
of the Act and are in furtherance of the Project Plan and the Housing Replacement Program.
Adopted by the Board of Commissioners of the Mounds View Economic Development Authority
this 26th day of October, 1998.
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Duane McCarty, Acting President
ATTEST:
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