HomeMy WebLinkAboutResolution 8917RESOLUTION 8917
RESOLUTION 18 -EDA -307
CITY OF MOUNDS VIEW AND THE
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
JOINT RESOLUTION APPROVING A REAL ESTATE OPTION AGREEMENT
FOR PROPERTY IN THE CITY OF MOUNDS VIEW
WHEREAS, the City of Mounds View (the "City") is a municipal corporation and
political subdivision duly organized and existing under the Constitution and laws of the State of
Minnesota; and,
WHEREAS, the Mounds View Economic Development Authority (the "EDA") is a
public body corporate and politic under the laws of the state of Minnesota; and,
WHEREAS, the City has the ability under Minnesota Statutes, Chapter 282, to acquire
certain tax -forfeited property upon application to Ramsey County, which is legally described on
Exhibit A (the "Property") attached hereto and hereby made a part hereof; and,
WHEREAS, Boulevard Apartments, a limited partnership under the laws of the state of
Minnesota ("the "Developer"), desires to enter into a Real Estate Option Agreement (the "Option
Agreement") which is attached hereto as Exhibit B; and,
WHEREAS, the City and EDA wish to acquire the Property and to enter into the Option
Agreement for the purpose of allowing the sale of the Property to the Developer; and,
WHEREAS, the Planning Commission for the City has reviewed the proposed sale of
the Property and has determined that such sale complies with the City's comprehensive plan as
required by Minnesota Statutes, Section 462.356 or the City desires to dispense with the
requirements of Minn. Stat. § 462.356, subd. 2 and finds in the City's judgment that the proposed
sales of the Property has no relation to the comprehensive municipal plan of the City of Mounds
View.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Mounds
View and the Board of the Mounds View Economic Development Authority that the recitals and
exhibits, if any, set forth in this Resolution are incorporated into and made a part of this Resolution.
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Resolution 8917 & 18 -EDA -307
February 26, 2018
Page 2
NOW, THEREFORE, BE IT FURTHER RESOLVED, that the City Council of the
City of Mounds View and the Board of the Mounds View Economic Development Authority do
hereby approve the Option Agreement regarding the Property as substantially set forth in Exhibit
B, subject to modifications approved by the City Attorney that do not materially alter the City's
and the EDA's rights and obligations under the Option Agreement, and that are further approved
by the City's Mayor and City Administrator and EDA's President and Executive Director, which
approvals shall be conclusively evidenced by execution of the Option Agreement.
NOW, THEREFORE, BE IT FURTHER RESOLVED, that City and EDA staff are
hereby authorized to undertake any actions necessary regarding the Property sufficient to allow
the City and EDA to enter into the Option Agreement.
NOW, THEREFORE, BE IT FINALLY RESOLVED, that the City Council of the
City of Mounds View and the Board of the Mounds View Economic Development Authority
hereby authorize City staff and City consultants to develop any necessary documents to
effectuate such Option Agreement, and the Mayor and City Administrator and the President and
Executive Director, respectively, are duly authorized to execute any further agreements which
are necessary, in the opinion of the City Attorney, to carry out this transaction.
Adopted this 26th day of February, 2018.
ATTEST:
(seal),
A'1"IEST:
(seal)
499209x78 MU205-47
2
CITY OF MOUNDS VIEW
By: 41n-/ 4ZA
Carol A. Mueller, Mayor
By: & f P -) ,, J
Nle ikmunc} ity Administrator
MOUNDS VIEW ECONOMIC
DEVELOPMENT AUTHORITY
IN
Carol A. Mueller,
Director
EXHIBIT A
Legal Description
PID: 06-30-23-31-0031
Parcel 1. Lot 50, except that part which lies Southwesterly of a line run parallel with and distant
100 feet Northeasterly of the Southwesterly boundary of said Lot 50, also except that part
described as follows:
Commencing at the Northwest corner of said Lot 50; thence East 7 feet along the
North line of said Lot 50; thence Southerly 100 feet to a point of intersection on the
West line of said Lot 50; thence North along said West line of said Lot 50 to the
point of commencement; Auditor's Subdivision No. 89, Ramsey Co., Minn. The
said excepted part of the above described property, the Southwesterly 100 feet has
been taken by the State of Minnesota for public Highway purposes.
Parcel 2. All that part of Lot 32, Auditor's Subdivision No. 89, Ramsey Co., Minn., described as
follows, to -wit: Commencing at a point on the West line of Lot 50, Auditor's Subdivision No. 89,
which point is 100 feet South of the Northwest corner of said Lot 50; thence South to a line 100
feet Northeasterly from and parallel with the Southerly line of Lot 32; thence Northwesterly on
said parallel line 32 feet; thence Northeasterly to the point of beginning.
and,
PID: 06-30-23-31-0241
The South 135.00 feet, front and rear, of Lot 47, Auditor's Subdivision No. 89, lying westerly of
the East 187.00 feet.
A-1
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