HomeMy WebLinkAboutResolution 13-EDA-281 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION 13-EDA-281
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION AUTHORIZING PURCHASE OF PROPERTY
WHEREAS, a limited liability
company/corporation ("Seller") is an owner of real estate located at 5420 Adams Street, Mounds
View, Ramsey County, Minnesota, and which is legally described in the Agreement as hereinafter
define(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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430674v1 SJR MU205-44
Approved by the Board of Commissioners of the Mounds View Economic Development
Authority this 26th day of August, 2013.
oe Flahe' -
President
ATTEST:
JOUR biu std
James Ericson
Executive Director
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430674v1 SJR MU205-44
430674v1 SJR MU205-44 EXHIBIT A
PURCHASE AGREEMENT
[INSERT PURCHASE AGREEMENT]
A-1