HomeMy WebLinkAboutResolution 04-EDA182
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RESOLUTION NO. 04-EDA-182
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
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 PRO CRAFT DEVELOPMENT
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.
1.01 The Authority has the powers provided in the Minnesota Statutes,
Sections 469-12410469.134 and 469.090 to 469.108.
1.02 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.
1.03 There has been approved pursuant to the Act a Project Plan for the
Project.
1.04 The redevelopment and development of property within the Project by
private developers are stated objectives of the Project Plan.
1.05 The Authority acquired land pertaining to all of Lot 34 and the south
500 feet of Lot 35 in 1996, acquired the land and house located at
3016 County Road H2 (Lot 37) in 2001, and City acquired Lot 36 in
2004. All four parcels (the "Property") were acquired in furtherance of
the objectives stated above.
1.06 Pro Craft Development of Vadnais Heights in Minnesota (the
"Developer") is offering to purchase the Property from the EDA/City
for $299,000 of which the terms of the purchase and redevelopment
of the Property are outlined in the attached Purchase and
Redevelopment Agreement (the "Agreement").
Section 2. Resolved.
2.01 That 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.
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04-EDA-182
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2.02 That 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.
2.03 That 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 June 14, 2004.
BY:
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/'JerryLir'fRe;- President
ATi&' G
KJrt Ulrich, Executive Director