HomeMy WebLinkAboutResolution 05-EDA205
EDA RESOLUTION NO. 05-EDA-205
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MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
AUTHORIZATION TO CONDUCT A RESIDENTIAL APPRAISAL ON THE
PROPERTY LOCATED AT 2617 SHERWOOD ROAD
WHEREAS, the property located at 2617 Sherwood Road is currently vacant and
unsuitable for habitation; and,
WHEREAS, on October 11, 2004, the Mounds View City Council identified the property as
hazardous and approved an order to abate all violations; and,
WHEREAS, efforts to eliminate the violations and hazardous conditions are ongoing yet
have thus far been unsuccessful; and,
WHEREAS, the property owner has indicated a willingness to sell the property to the
City as a means to resolve the issues associated with the property; and,
WHEREAS, staff has confirmed thatthe property at 2617 Sherwood Road is on the City's
list of parcels identified for potential acquisition; and,
. WHEREAS, to determine the fair market value for the property, it would be appropriate to
conduct a residential appraisal of the parcel and improvements; and,
WHEREAS, the City maintains a list of area appraisal firms who are able to perform such
an appraisal and have solicited estimates from said firms ranging from $325 to $400.
NOW, THEREFORE BE IT RESOLVED THAT, the Mounds View Economic Development
Authority (the "Authority") hereby authorizes staff arrange for an appraisal of the property located
at 2617 Sherwood Road at a cost not to exceed $400.
NOW THEREFORE BE IT FINALLY RESOLVED THAT, the Authority directs staff to
negotiate a purchase price with the owner for the property relative to the appraised value and to
bring back for the Authority's consideration the resulting purchase agreement, if such an
agreement is reached.
Adopted this 25th day of July, 2005 by the Mounds
View Eco " mic Development Authority
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.4. T-:-EST:
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Kurt Ulrich. Executive Director
(SEAL.)