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HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF SAINT ANTHONY VILLAGE RESOLUTION 2018-05 A RESOLUTION AUTHORIZING THE PURCHASE OF PROPERTY LOCATED AT 3803 STINSON WHEREAS, the United States Government, acting by and through the United States Marshals Service, is the owner of property located at 3803 Stinson Boulevard (“Property”); and WHEREAS, the United States Government has offered to sell the Property to the Authority for a purchase price of $250,000; and WHEREAS, the Property is located within a redevelopment area previously designated by the Authority and is appropriate for redevelopment; and WHEREAS, the Authority is authorized by Minnesota Statute to assemble parcels of land for redevelopment purposes; and WHEREAS, a purchase agreement with the United States Government is currently under negotiation by Authority staff; and WHEREAS, the purchase agreement will allow the Authority to access the Property for due diligence purposes, including a Phase I environmental assessment and other non-invasive testing of the Property. NOW, THEREFORE, BE IT RESOLVED by Board of Commissioners of the Housing and Redevelopment Authority of the City of Saint Anthony Village the follows: The Chair and Executive Director are authorized to (1) negotiate and finalize the purchase of the Property for a purchase price not to exceed $250,000; (2) to retain consultants necessary for due diligence actions regarding the Property; and (3) to incur other customary closing costs. Adopted by the Board of Commissioners of the Housing and Redevelopment Authority of the City of Saint Anthony Village on this 11th day of December, 2018. Jerome O. Faust, Chair ATTEST:____________________________ Nicole Miller, City Clerk Review for Administration: Mark Casey, Executive Director