HomeMy WebLinkAboutEDA RES 2016-03COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 2016i-03
RESOLUTION APPROVING PURCHASE AND REDEVELOPMENT
AGREEMENTS WITH TOLLBERG HOMES, LLC.
BE IT RESOLVED BY the Board of Commissioners ("Board") of the Columbia Heights
Economic Development Authority (the "Authority") as follows:
Section 1, Recitals,
1.01, The Authority has previously adopted a program called the Single Family Home Lot
Sales Program (the "Program"), and has adopted guidelines in connection with the Program (the
"Guidelines").
1.01 The Authority has received an offer from Tollberg Homes, LLC (the "Buyer"') to
purchase certain properties included in the Program (the "Property"), described as attached
hereto as Exhibit A, and the parties have negotiated Purchase and Redevelopment Agreements
(the "Agreements*") which provide for the conveyance of the Property to the Buyer and the
construction by the Buyer of single-family homes on the Property, all pursuant to the Guidelines.
1.03. On October 21, 2015, the Planning Commission of the City reviewed the
proposed conveyance of the Property pursuant to the Program and found that such conveyance is
consistent with the City's comprehensive plan.
1.04. The Authority has on this date conducted a duly noticed public hearing regarding the
conveyance of the Property to the Buyer, at which all interested parties were given an opportunity to
be heard.
1.05. The Board has reviewed the Agreements and finds that the execution thereof and
performance of the Authority's obligations thereunder, including the conveyance of the :property to
the Buyer, are consistent with the Guidelines and in the best interest of the City and its residents.
Section 2, Approval and Authorization of Ageements and Conve yance
2.01. The Agreements as presented to the Board and the conveyance of the Property
provided for therein are 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 Agreements by such officials shall be conclusive evidence of approval.
2.02. Authority staff and o�fficials are authorized to take all actions necessary to perform
the Authority's obligations under the Agreements as a whole, including without limitation execution
of any documents to which the Authority is a party referenced in or attached to the Agreements, and
any deeds or other documents necessary to convey the Property to the Buyer, all as described in the
Agreements.
473153vl MNI C1,205-.55
Section 3, Effective Date. This resolution shall be effective upon approval.
Approved by the Board of Commissioners of the Columbia Heights Economic Development
Authority this 4th day of January, 2016,
Secretary
4731530 MNICL205-55
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LEGAL
LEGAL DESCRIPTION
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4606 Polk Street NE
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Lot 13, except the North V2, th-e —North 30 feet —of Lot
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14, Block 2, Sheffield's Second Subdivision, Anoka
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4636 Polk Street NE
Street
L o t 5
of 5, except the North 35 feet thereof, all of Lot 6,
25-30-24-33-0025
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and the North '/2 of Lot 7, in Block 2, Sheffield's
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Second Subdivision, Anoka County, Minnesota
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[Tarre s]
4641 Tyler Street NE
Street NET25
L-ot25 and the South 2t of Lot 2'-6, —Block 2""
Lo t
25-30-24-:37Y--0038
Sheffield's Sh f
Sheffield's Second Subdivision, Anoka County,
Mi rine,
M�innesota LTorrens]
4600 Polk Street NE
Lot 14, except the North 3 0 feet thereof, and —dot I 5,
-�3
�3 -603-1
Block 2, Sheffield's Second Subdivision, Anoka
County, MLruiesota [ToEens]
4648 Polk Street NE
South 1/2 ofLot 2, and all of Lot 3, Block 2,
2
25-30-24-33-0'023
Sheffield's Second Subdivision, Anoka County,
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Minnesotaffo.!j�ens]
4) 1 8Polk Street NE
Lot 11, and the North I feet of Lot 12, Block 2,
--25-30--2 4---33---- 0028
Sheffield"s Second Subdivision, Anoka County,
Minnesota [3 "omens
4731530 MNI 01205-55