HomeMy WebLinkAboutResolution 13-EDA-278 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION 13-EDA-278
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION AUTHORIZING PURCHASE OF PROPERTY
WHEREAS, Krystal Maintenance, Inc., a Minnesota corporation ("Seller") is an owner of
real estate located at 2394 County Road 10,Mounds View,Ramsey County, Minnesota,and which
Parcel I.D. No. 08.30.23.31.0071 and 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.
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425581v2 SJRMU210-213
Approved by the Board of Commissioners of the Mounds View Economic Development
Authority this 10th day of June 2013.
'.--side
ATTEST:
Jam
Executive Director
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425581v2 SJR MU210-213