HomeMy WebLinkAbout21-EDA-350EDA RESOLUTION 21-EDA-350
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
A RESOLUTION APPROVING PURCHASE AND
DEVELOPMENT AGREEMENT AND CONVEYANCE OF
PROPERTY LOCATED IN MOUNDS VIEW, MINNESOTA
BE IT RESOLVED by the Board of Commissioners (the "Board") of the Mounds View
Economic Development Authority (the "Authority") as follows:
Section 1. Recitals.
1.01. The Authority is authorized pursuant to Minnesota Statutes, Sections 469.090 to
469.1081 (the "EDA Act"), to acquire and convey real property and to undertake certain activities
to facilitate the development of real property by private enterprise.
1.02. The Authority is fee owner of certain real property in the city of Mounds View (the
"City"), legally described in the attached Exhibit A (the "Property").
1.03. To facilitate the development of housing on the Property, the Authority proposes to
enter into a Purchase and Development Agreement (the "Agreement") between the Authority and
Villas of Mounds View (the "Developer"), under which, among other things, the Authority will
convey the Property to the Developer to construct a 120-unit apartment complex, subject to certain
terms and conditions.
1.04. The Authority has on November 22, 2021 and in accordance with Minnesota Statutes,
Section 469.105, conducted a duly noticed public hearing regarding the sale of the Property to the
Developer, at which all interested persons were given an opportunity to be heard.
1.05. The Authority finds and determines that conveyance of the Property to the Developer
is in the public interest and will further the objectives of its general plan of economic development,
because it will provide an opportunity for increased housing opportunities in the City and serve as an
impetus for further development.
1.06. The Board has reviewed the Agreement and finds that the execution thereof by the
Authority and performance of the obligations thereunder are in the best interest of the Authority, the
City and its residents.
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Section 2. Findings
2.01. The recitals set forth in the preamble to this Resolution and the exhibits attached to
this Resolution are incorporated into this Resolution as if fully set forth herein.
2.02. The Agreement is hereby in all respects authorized, approved and confirmed by the
Authority and the President and the Executive Director are hereby authorized and directed to
execute and deliver the Agreement for and on behalf of the Authority in substantially the form
now on file with the Authority, but with such modifications as shall be deemed necessary, desirable
or appropriate, its execution thereof to constitute conclusive evidence of their approval of any and
all modifications therein.
Section 3. Implementation.
3.01. The President and Executive Director are authorized and directed to execute and
deliver the Agreement and any additional agreements, certificates or other documents that the
Authority determines are necessary to implement this Resolution.
3.02. The Authority directs Authority and City staff to take any appropriate action and to
prepare any appropriate documents to facilitate the directives of the Authority as set forth in this
Resolution and in performing its obligations under the Agreement as a whole.
3.03. The President, Executive Director, Authority and City staff, Authority and City
attorney, and Authority and City 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.
Section 4. Effective Date. This resolution is effective upon the date of its adoption.
Adopted on the 22nd day of November, 2021.
Carol A. Mueller, President
Attest:
Nyle tikirlu. , Executive Director
(SEAL)
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EXHIBIT A
Legal Description of the Property
PID: 17-30-23-14-0002
A strip of land 130 feet wide measured at right angles southwesterly of and adjacent to,
a line running southeasterly from a point on the north line of the Southeast Quarter of
the Northeast Quarter of Section 17, Township 30 North, Range 23 West, Ramsey
County, Minnesota, and 385 feet from the east line of said Section 17, to a point on the
south line of the North Half of the Southeast Quarter of the Northeast Quarter of said
Section 17, and 250 feet from the east line of said Section 17, and measuring 132.94
feet on the north line of said Southeast Quarter of Northeast Quarter, and 132.92 feet
on the south line of said North Half of the Southeast Quarter of the Northeast Quarter,
excepting the North 75 feet and the South 75 feet of said tract.
AND PID:17-30-23-14-0001
All that part of the South 175 feet of the North Half of the Southeast Quarter of the
Northeast Quarter of Section 17, Township 30 North, Range 23 West, Ramsey County,
Minnesota, lying northeasterly of a line run from a point on the north line of said North
Half, 558.78 feet west from the northeast corner thereof to a point on the south line of
said North Half, 504.33 feet west of the southeast corner thereof, and lying
southwesterly of a line run from a point on the north line of said North Half, 385 feet
west from the northeast corner thereof to a point on the south line of said North Half,
250 feet west from the southeast corner thereof, said line being the southwesterly right-
of-way line of State Trunk Highway No. 8, excepting therefrom all that part of the
Northeasterly 130 feet, measured at right angles from said right-of-way line thereof,
lying north of the South 75 feet of said North Half, and except therefrom the South 30
feet of said North Half.
AND PID: 17-30-23-14-0003
All that part of the North Half of the Southeast Quarter of the Northeast Quarter of
Section 17, Township 30 North, Range 23 West, Ramsey County, Minnesota, lying
northeasterly of a line run from a point on the north line of said North Half, 558.78 feet
west of the northeast corner thereof, to a point on the south line of said North Half,
504.33 feet west of the southeast corner thereof, and lying southwesterly of a line run
from a point on the north line of said North Half, 385 feet west from the northeast
comer thereof, to a point on the south line of said North Half, 250 feet west from the
southeast corner thereof, said line being the southwesterly right-of-way line of State
Trunk Highway No. 8, excepting therefrom all that part lying in the South 175 feet of
said North Half, and also excepting therefrom all that part of the Northeasterly 130 feet
measured at right angles to said right-of-way line, lying south of the North 75 feet of
said North Half.
AND PID: Unknown
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That part of the South 30 feet of the North 1/2 of the Southeast 1/4 of the Northeast 1/4
of Section 17, Township 30, Range 23, Ramsey County, Minnesota, lying East of Lot 4,
Block 1, MOUNDS VIEW INDUSTRIAL PARK.
AND PID: This is currently apart of PID 17-30-23-14-0002
The South 15 feet of the following described parcel: All that part of the South 175 feet
of the North Half of the Southeast Quarter of the Northeast Quarter of Section 17,
Township 30 North, Range 23 West, Ramsey County, Minnesota, lying northeasterly
of a line run from a point on the north line of said North Half, 558.78 feet west from the
northeast corner thereof to a point on the south line of said North Half, 504.33 feet west
of the southeast corner thereof, and lying southwesterly of a line run from a point on the
north line of said North Half, 385 feet west from the northeast corner thereof to a point
on the south line of said North Half, 250 feet west from the southeast corner thereof,
said line being the southwesterly right-of-way line of State Trunk Highway No. 8,
excepting therefrom all that part of the Northeasterly 130 feet, measured at right angles
from said right-of-way line thereof, lying north of the South 75 feet of said North Half,
and except therefrom the South 30 feet of said North Half.
AND PID: 17-30-23-11-0004
That part of the East 516.12 feet of the Northeast Quarter of the Northeast Quarter of
Section 17, Township 30 North, Range 23 West, Ramsey County, Minnesota, described
as follows: Commencing at the southeast corner of said Northeast Quarter of the
Northeast Quarter; thence South 89°57'36" West, along the south line of said Northeast
Quarter of the Northeast Quarter, a distance of 385.00 feet to the point of beginning of
the parcel to be described; thence North 09°23'42" West, a distance of 203.69 feet;
thence North 15°25'51" West, a distance of 96.73 feet; thence South 89°57'36" West,
parallel with the south line of said Northeast Quarter of the Northeast Quarter, a
distance of 75.28 feet to the west line of said East 516.12 feet of the Northeast Quarter
of the Northeast Quarter; thence South 00°36'26" East, along said west line, a distance
of 294.26 feet to the south line of said Northeast Quarter of the Northeast Quarter;
thence North 89°57'36" East, along said south line, a distance of 131.15 feet to the
point of beginning; EXCEPT the North 12 feet thereof.
(Torrens Property)
AND PID: 17-30-23-11-0004
That part of the North 212.74 feet of South 495 feet of East 516.12 feet of Northeast
Quarter of the Northeast Quarter of Section 17, Township 30, Range 23, Ramsey
County, Minnesota, lying southwesterly of Highway.
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