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HomeMy WebLinkAboutRES NORESOLUTION NO. Xv 319#1 W uy I BE IT RESOLVED By the Board of Commissioners ("Board") of the Columbia Heights Economic Development Authority ("Authority") as follows: Section 1. Recitals. 1.01. The Authority owns certain property (the "Property") located in the City of Columbia Heights (the "City") which it acquired for economic development purposes, and which is exempt from property tax under Minnesota Statutes, Section 272.02, subdivision 39 (the "Exemption Act"). A description of the Property is attached as Exhibit A. 1.02. The Authority has determined that if Anoka County makes a final deten-nination that the applicable exemption period for the Property under the Exemption Act has expired, it is in the best interest of the Authority and City that the Authority convey the Property to the City for economic development purposes prior to July 1, 2014. Section 2. Authority Approval: Further Proceedings. 2.01. The Authority hereby approves the conveyance of the Property to the City for a purchase price of S1, to be held by the City for economic purposes. Such conveyance will occur solely in the event of a final determination that the applicable exemption period for the Property under the Exemption Act has expired, 2.02. The President and Executive Director are hereby authorized to execute on behalf of the Authority any documents required to carry out, on behalf of the Authority, the conveyance of the Property. Approved by the Board of Commissioners of the Columbia Heights g,conornic, Development Authority this 23rd day of June, 2014. Motion by Diehm Seconded by: Herringer All ayes Secretary 4442850 01205-23 EXHIBIT A Property 825 41 "Avenue, PID No. 35-30-24-14-0151 006 837 41" Avenue, PID No� 35-30-24-14-0155 J� C) D d -7 ,r 894 42' Avenue, PID No. 35-30-24-14-0157 3 �-0 4301 Quincy Street, PID No. 35-30-24-14-0159 -70 839 41 "t Avenue, PID No. 35- 30 -24 -14 -0160 m 444285vl CL205-23