HomeMy WebLinkAboutResolution 99-EDA113
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MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 99-EDA-113
COUNTY OF RAMSEY
STATE OF MINNESOTA
A RESOLUTION APPROVING AND AUTHORIZING A PURCHASE AND
REDEVELOPMENT AGREEMENT BY AND BETWEEN THE MOUNDS VIEW
ECONOMIC DEVELOPMENT AUTHORITY AND MARQUIS BUILDERS, INC.
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 the Minnesota Statutes,
Sections 469-124 10469.134 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. The Authority acquired the land and house located at 6991 Pleasant
View Drive (the "Property") as part of the Housing Replacement Program
per Resolution No. 98-EDA-93 and in furtherance of the objectives stated
above.
f. Marquis Builders, Inc. (the "Developer") is offering to purchase the
Property from the EDA under the guidelines of the Housing Replacement
Program for $49,500 of which the terms of the purchase and
redevelopment of the Property are outlined in the attached Purchase and
Redevelopment Agreement (the "Agreement").
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EDA RESOLUTION NO. 99-EDA-113
PAGE TWO OF TWO
2. The Board hereby determines that the Authority's execution of the Agreement and
subsequent sale and redevelopment 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
sale and redevelopment of the Property, per the provisions set forth in the Agreement.
4. The Board hereby determines that the execution and performance of the
Agreement will help realize the public purpose of the Act and are in furtherance of the Project
Plan.
Adopted by the Board of Commissioners of the Mounds View Economic Development
Authority on May 24, 1999.
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BY' / J., (// ' . I' ( ,
I . ,L (A~~/' {..c.. '",' (.....up: ~, '.... :,..J
\, Dan Coughlin, Pr~sident
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ATTEST:
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ecutive Director