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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