HomeMy WebLinkAboutEDA RES 2017-25C,OLUMBIA HEIGHTS ECONOMIC DEVELOPMENTAUTHORITY
RESOLUTION NO. 2017-25
RESOLUTION RATIFYING ICJ RCHASE AGREEMENT
BETWEEN THE COLUMBIA HEIGHTS ECONOMIC
DEVELOPMENT AUTHORITY AND ANGEL AND
IMELDA ROBLES
BE fT RESOLVED BY the Board of' Commissioners ("Board") of the Columbia Heights
Economic Development Authority (the "Authority") as follows:
Section 1. Recitals,
LOL The Authority and Angel and Inielda Robles (together, the "Seller ") desire to enter
into a purchase agreement (the "Purchase Agreement") pursuant to which the Authority will acquire
certain property in the City located at 3841 Central Avenue NE (the "Property") from the Seller for
economic redevelopment purposes, The Property is described in Exhibit A attached hereto.
1.02. Pursuant to the Purchase Agreement, the Authority will purchase the Property ftorn
the Seller for a purchase price of $200,000 plus related closing costs.
1.03, The Authority finds that acquisition of the Property is consistent with the City's
Comprehensive: Plan and will result in redevelopment of a nonconfori-ning property, and that such
acquisition will facilitate the economic redevelopment and revitalization of this area of the City.
Section 2. Purchase Agreement Approved,
2.01. The Authority hereby ratifies and approves the actions of Authority staff and of
Re/Max Synergy acting as the Authority's real estate broker ("Broker-) in researching the
Property and preparing and presenting the Purchase Agreement, The Authority approves the
Purchase Agreement in the forrn presented to the Authority and on file at City Hall, 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 Purchase Agreement by those
officials shall be conclusive evidence of their approval,
2.01 Authority staff and officials are authorized to take all. actions necessary to perform
the Authority's obligations under the Purchase Agreement as a whole, including without
limitation execution of any documents to which the Authority is a party referenced in or attached
to the Purchase Agreement, and any deed or other documents necessary to acquire the Property
from the Seller, all as described in the Purchase Agreement.
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Approved this 7th day of August, 2017, by the Board of Conuirlissioners of' the Colunibis
Heights Economic Development Authority,
.... ........
Pres4iden
v
Secretary
PROPERTY
Lot 14, Central Avenue Subdivision, Anoka County, Minnesota,
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