HomeMy WebLinkAboutEDA RES 2009-25COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 2009-25
RESOLUTION DELEGATING TO THE CITY OF COLUMBIA HEIGHTS
AUTHORIZATION TO NEGOTIATE PURCHASE AGREEMENTS FOR
CERTAIN PROPERTIES LOCATED WITHIN THE DOWNTOWN CBD
REDEVELOPMENT PROJECT
RECITALS
Section 1.
1.01. The Authority administers the Downtown CBD Redevelopment Project (the "Project ")
within the City of Columbia Heights, Minnesota (the "City "), which Project was established pursuant to
Minnesota Statutes, Sections 469.001 through 469.047, as amended (the "HRA Act ").
1.02. The Authority has undertaken a program to acquire homes located in the Project to
address foreclosure problems and remediate and prevent the emergence of blight (the "Scattered Site
Housing Program ").
1.03. The City, as a "state public body" tinder Section 469.041 of the HRA Act, is authorized
to make contributions to the Project.
1.04. In order to acquire certain properties in a timely fashion, the Authority has determined to
request that the City assist with such acquisitions by negotiating with sellers and entering into purchase
agreements (the "Purchase Agreements ") on behalf of the Authority.
Section 2. Approvals.
2.01. The Authority hereby requests the City, using its powers as a "state public body" tinder
the HRA Act, to negotiate Purchase Agreements for properties located in the Project that are consistent
with the criteria for the Scattered Site I4ousing Program, as approved by the Authority on April 28, 2009.
2.02. The City Council of the City is authorized and directed to approve and enter into
Purchase Agreements, provided that the City's rights in each Purchase Agreement shall be assigned to the
Authority.
2.03. The Board hereby accepts and approves each Purchase Agreement entered into by the
City and assigned to the Authority, provided that the Purchase Agreements are consistent with the criteria
for the Scattered Site Housing Program.
Passed this 25 °i day of August 2009
Offered by: Diehm
Second by: Szurek
Roll Call: All ayes
ATTEST:
Qe4nt,ary Peterson
Secretary, Shell -j Hanson