HomeMy WebLinkAbout23-EDA-366EDA RESOLUTION NO.23-EDA-366
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
A RESOLUTION AUTHORIZING THE PURCHASE OF REAL PROPERTY
WHEREAS, Irene L. Lind, as Trustee of the Irene L. Lind Living Trust Agreement (the
"Owner"), is the fee owner of a parcel of real property which is located at 2716 Hillview Road,
Mounds View, Minnesota 55112 and legally described as set forth in Exhibit A (the "Property"); and
WHEREAS, the Owner intends to enter into that certain Purchase Agreement, dated
November 13, 2023 (the "Agreement"), with the Mounds View Economic Development Authority
(the `EDA"), whereby the Owners agreed to sell the Property to the EDA; and
WHEREAS, Minnesota Statutes, Section 469.101 authorizes an economic development
authority to purchase real property; and
WHEREAS, the EDA desires to purchase the Property, as authorized in the aforementioned
statutory provision; and
WHEREAS, the EDA has followed any and all applicable statutory provisions and finds that
the purchase of the Property will fulfill the objectives, goals and mission of the EDA.
NOW THEREFORE, BE IT RESOLVED by the Mounds View Economic Development
Authority as follows:
The recitals set forth in the preamble to this Resolution are incorporated into this Resolution
as if fully set forth herein.
2. The EDA hereby approves the Agreement in substantially the form presented to the EDA
on this date and on file with the Executive Director, including the purchase and acquisition
of the Property by the EDA, subject to modifications that do not alter the substance of the
transaction and that are approved by the EDA's attorney.
The Acting President and Executive Director of the EDA are hereby authorized and directed
to execute the Agreement for and on behalf of the EDA. The Acting President, Executive
Director, staff and consultants of the EDA are hereby further authorized to perform the EDA's
obligations under the Agreement, and to draft, execute, and deliver any and all documents
deemed necessary or convenient to carry out the intentions of this Resolution, including the
acquisition of real property contemplated herein.
Adopted on the 131h day of November, 2023.
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EDA Resolution No. 22-EDA-366
Page 2
Attest:
(SEAL)
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Theresa M. Cermak, Acting President
A,4),4-,j
Nyle ik nd, Executive Director
EXHIBIT A
LEGAL DESCRIPTION
Lot 112, Spring Lake Park HillView, Ramsey County, Minnesota. Subject to a five foot strip
easement along the rear line for public utility use such as setting of poles, stringing of wires,
trimming or removing trees, if necessary for line clearance and laying of underground conduits.
Torrens Property
A-1
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