Resolution No. 04-02 EDA - Laserfiche WebLink

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LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 04-02 RESOLUTION AUTHORIZING THE SALE OF PROPERTY WHEREAS, The Lino Lakes Economic Development Authority (the "Authority") owns 4.4 acres of property (the "Property") on the northeast corner of Highway 23 (Lake Drive) and Highway 49 (Hodgson Road): and WHEREAS, the real property is described as: That part of Government Lot 1, Section 30, Township 31, Range 22, Anoka County, Minnesota and all of that part of the right of way of State Highway No. 49 (also known as Hodgson Road) lying within said Government Lot 1, lying northwesterly of the southeasterly right of way line of said State Highway No. 49, lying southeasterly of a line parallel with and distant 75.00 feet southeasterly of Line A as described below, lying northeasterly of a line parallel with and distant 64.00 feet northeasterly of Line B as described below and lying northeasterly of a line parallel with and distant 74.00 feet northeasterly of Line C as described below: Line A: Beginning at a point on the west line of Section 25, Township 31, Range 23, distant 944.55 feet north of the southwest corner thereof; thence northeasterly at an angle of 48 degrees 18 minutes 00 seconds from said west section line (measured from north to east) 247.30 feet; thence northeasterly deflecting to the right 09 degrees 52 minutes 00 seconds a distance of 8400.70 and said line there terminating. Line B: Commencing at the northwest corner of said Section 30; thence on an assumed bearing of South 89 degrees 54 minutes 18 seconds East along the north line of the Northwest Quarter of said Section 30 a distance of 1596.26 to the point of beginning of the line to be described, said north line of the Northwest Quarter also being the north line of said Government Lot 1; thence South 40 degrees 01 minute 05 seconds East 109.40 feet; thence southeasterly 429.10 feet along a tangential curve concave to the southwest having a central angle of 30 degrees 02 minutes 14 seconds and a radius of 818.51 feet and said line there terminating. Line C: Beginning at the terminus of Line B as described above; thence South 09 degrees 58 minutes 51 seconds East and tangent to last above described curve 393.10 feet and said line there terminating. TOGETHER with all that part of Lot 17, Auditor's Subdivision No. 151, Anoka County, Minnesota and all that part of the right of way of State Highway No. 49 (also known as Hodgson Road) lying within Government Lot 3, Section 19, Township 31, Range 22, and lying