HomeMy WebLinkAbout22-EDA-355EDA RESOLUTION 22-EDA-355
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 a commercial development and dental office on the
Property, the Authority proposes to enter into a Purchase and Development Agreement (the
"Agreement") between the Authority and Sabry Sharara (the "Developer"), under which, among other
things, the Authority will convey the Property to the Developer to construct a commercial
development and dental office, subject to certain terms and conditions of the Agreement, which is on
file with the Executive Director of the Authority.
1.04. The Authority has on April 11, 2022, 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 commercial and office space 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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EDA Resolution No. 21-EDA-455
Page 2
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 11 th day of April, 2022.
Attest:
(SEAL)
Carol A. Mueller, P f
sident
��4 '�t d�
Nyl Zikmun , Executive Director
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EXHIBIT A
Legal Description of the Property
The North 116.00 feet of the South 761.00 feet of Lot 57, Auditor's Subdivision
No. 89, Ramsey County, Minnesota.
A-1
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