HomeMy WebLinkAboutEDA RES 2013-07COLUMBIA HEIGHTS ECONOMIC DEVELOPMENTAUTHORITY
RESOLUTION NO, 2013-07
REISOLUTION APPROVING PLAN FOR CONVEYANCE OF CERTAIN
SCATTERED SITE LOTS OWNED BV THE ECONONOMIC DEVELOPMENT
AUTHORITY
BE 11' RESOLVED By the Board of Commissioners ("Board") of the Columbia Heights
Ecorion-iie Development Authority ("Authority") as follows:
Section 1. Recitals.
1.01. The Authority has determined a need to exercise the powers of a housing and
redevelopment authority, pursuant to Minnesota Statutes, Sections,. 469.090 to 469.108 ("[EDA
Act"), and is currently administering the DoAnto%Aii CBD Redevelopment Project ("Redevelopment
Project") pursuant to Minnesota Statutes, Sections 469.0�01 to 469.047 ('11RA Act").
1.02. Within the Redevelopment Project, the Authority and City have created the City-
Wide Scattered Site Housing Tax Increment Financing District (the "TIF District"), and the
Authority has acquired parcels within the TIF District described in Exhibit A hereto (the
"Subject Parcels").
1.03. 1, he Authority intends to convey the Subject Parcels to contractors that will construct
homes for sale to income - qualified buyers (or to qualified buyers for construction of their own
homes), and to [hat. end has engaged the services of Re/Max Synergy (the "Broker") to assist in that
process as more fully described in the Exclusive Right to Sell Listing, Contract (the "Listing
Agreement " ").
1.04, On this date, the Board held a duly noticed public hearing regarding the plan fior sale
of the Sul�ject Parcels,
1.05. The Board has determined. that sale of the Subject Parcels as described in this
resolution is in the best interest of the City and its residents.
Section-2. Sale of Subject Parcels,A(proved- Further Proceedings.
2.01. The Board approves the plan. to sell the Subject Parcels in accordance with the
Listing Agreement,
2,02, The Board hereby ratifies approval and execution of the Listing Agreement,
2.03. Authority staff and consultants arc authorized and directed to cooperate with the
Broker in seeking sales of the Subject Parcels, subject to the condition that before the EDA is
obligated to sell of any Subject Parcel, the Board shall approve a. purchase and redevelopment
agreernent with the buyer of that. parcel (as described in the Listing Agreenient),
Approved by the Board of Commissioners of the Columbia Heights Economic Development
Authority this day of June, 2013.
JAL( 1, L, Aa,�Cj
Secretary
EXHBIT B
Subject Parcels
4011 5th Street NE
4108 7th Street NE
4448 Quiney Street NE
4235 Washington Street NE,
41,10 6th Street NE"
4303, Reservoir Blvd NE
4039 5th Street NE
4421 5th Street NE
3842 Tyler Street NE,
3846 Tyler Street NE
1309 Circle Terrace NE
4133 2nd Street NE