HomeMy WebLinkAboutResolution 13-EDA-277 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION 13-EDA-277
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION AUTHORIZING PURCHASE OF PROPERTY
WHEREAS,Goff Holdings,LLC, a Minnesota limited liability company("Seller")is an owner of real estate
located at 2400 County Road H2, Mounds View, Ramsey County, Minnesota, and which is legally described in the
Agreement as hereinafter defined(the"Property");and
WHEREAS,the Mounds View Economic Development Authority, a public body corporate and politic(the
"EDA")desires to purchase of the Property from the Seller;and
WHEREAS,the EDA has followed applicable statutory provisions and the EDA finds that the purchase of the
Property will fulfill the objectives,goals and mission of the EDA;and
WHEREAS,the EDA has caused to be prepared an offer and purchase agreement(the"Agreement')providing for
the terms of the conveyance of the Property from Seller to the EDA,with such Agreement being as set forth in Exhibit A and
incorporated into and made a part of this Resolution.
NOW THEREFORE,BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE MOUNDS VIEW
ECONOMIC DEVELOPMENT AUTHORITY,AS FOLLOWS:
1. The recitals set forth in this Resolution are incorporated into and made a part of this Resolution.
2. The purchase of the Property by the EDA is hereby approved pursuant to the terms of the Agreement,
which is also approved in substantially the form presented to the Commission on this date,subject to modifications that do
not materially alter the EDA's rights and obligations under the Agreement and that are approved by the Authority's President
and Executive Director,which approvals shall be conclusively evidenced by execution of the Agreement.
3. The President and Executive Director of the EDA are hereby authorized and directed to execute all
appropriate documents, including but not limited to the Agreement, to effectuate the transaction contemplated by this
Resolution.
4. The President and Executive Director of the EDA,staff and consultants are hereby authorized and directed
to take any and all additional steps and actions necessary or convenient in order to accomplish the intent of this Resolution.
5. The purchase of the property shall be funded using unobligated tax increment financing dollars.
Approved by the Board of Commissioners of the Mounds View Economic Development Authority this 13th day of
May,2013.
' esident —
ATTEST:
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Executive Director