HomeMy WebLinkAboutEDA RES 2013-05COLUMBIA HEIGH'I'S l"CONOMW DEVE'LOPMENT AUTHORITY
RESOLUTION NO. 2013-05
RESOLUTION APPROVING A PURCIIASE�' AND REDEVELOPMENT
AGREEMENT (INCLUDUYNG THE SALE OF LAND) BETWEEN THE
COLUMBIA HEIGHTS, I 1CONOMIC DEVELOPMENT AUTHORITY AND
COREY MATTSON
BE IT RESOLVED By the Board ofComniissioners ("Board") of the Columbia Heights
Economic Development Authority ("Authority") as f.'ol lows:
Section 1. Recitals.
LOL The Authority has deterinined a need to exercise the powers of a housing and
redevelopment authority, pursuant to Minnesota Statutes, Sections. 469.09,0 to 469.108 ("EDA
Act").
1.02. The Authority and Corey Mattson (the "Redeveloper") have proposed to enter into a
PURCHASE AND REDEVELOPMENT AGREEMENT (the "Contract"), setting forth the terms
and conditions of sale and redevelopment of certain property owned by the Authority located at
4502 Washington Avenue NE and described as Lot 14, Block 4, Gillette's Annex to Columbia
Heights, Anoka County, Minnesota (the "Redevelopment Property").
1.03. Pursuant to the Contract, the Redeveloper will acquire the Redevelopment Property
and will combine the Redevelopment Property with his existing property located at 4500
Washington Avenue NE into a single lot for single farnily residential purposes and related single
family accessory uses, consistent with the City of Columbia Heights minor subdivision process,
and subject further to the City's zoning and building codes and policies (the "Lot Combination")
(upon completion the "Combined Property*'),
1,04. The activities of the Authority under the Contract iniplernent housing goals of the
City's Comprehensive Plan: "Promote and preserve the single:- fian-ii ly housing stock as the
community's strongest asset." and "Provide a variety of life-cycle housing opportunities within the
community."
1,05. The Board has reviewed the Contract and finds that the execution thereof and.
perfonnance of the Authority's obligations thereunder further the goals of the Comprehensive Plan
and are in the best interests of the City and its residents.
Section 2. A.uthoritA Approval, Further Proceedings.
2.01, The Contract as presented to the Board, including the sale of the Redevelopment
Property described therein, is hereby in all respects approved, subject to modifications that do not
alter the substance of the transaction and that are approved by the President and Executive Director,
provided that execution of the documents by such officials shall be conclusive evidence of approval.
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2.02. The President and Executive Director are hereby authorized to execute on behalf of
the Authority the Contract and any documents referenced therein requiring execution by the
Authority, and to carry out, on behalf of the Authority its obligations thereunder.
2.03. Authority and City staff are authorized and directed to take all actions to implement
the Contract.
Approved by the Board of Corrunissioners of the Colurnbia. Heights Ec or 1 11 c D71opment
Authority this 6'h day of May, 2013,
ATTEST:
Secretary
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