HomeMy WebLinkAboutEDA RES 2018-0611 1 11,11,11,11 1 1 1
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BE IT RESOLVED BY the Board of Commissioners ("Board") of the Columbia Heights Economic Development
Authority (the "Ault h o rity"'), as follows:
1.01. The Authority currently adminilsters its Single Family Home Lot Sales Program within the City of
Columbia Heights (the "City"), pursuant to Minnesota Statutes, Sections 469.090 to 469.1081, as amended.
1-02. Pursuant to a duly noticed public hearing on the sale of Authority property, the Authority and
Home Detail, Inc. (the "Buyer"), executed a; Purchase Agreement, dated as of December 4, 2.017 (the
"Agreement"), providing for the conveyance by the Authority to the Seller of certain property located at 4641
Polk Street NE within the City, legally described as follows:
That Part of Lot 23 lying north of the south 20 feet of said Lot 23, and Lot 24, in Block 1, Sheffield's
Second Subdivision, Anoka County, Minnesota according to the recorded plat thereof, and situate in Anoka
County, Minnesota (the "Property").
1.03. The parties have negotiated and propose to execute a First Amendment to the Agreement (the
"(First Amendment") to extend the deadline for the conveyance of the Property.
SECTION 2. FIRST AMENDMENT APPROVED.
2.01. The First Amendment as presented to the Board 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 First Amendment by such officials shall be conclusive
evidence of approval,
2.02. The President and Executive Director are hereby authorized to execute on behalf of the
Authority the First Amendment 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 staff and consultants are authorized to take any actions necessary to carry out the
intent of this resolution.
E 3 IN M a OR! re M.,
Passed this 26th day of March, 2018
Offered by: Herringer
Seconded by: Novitsky
Roll Call: All ayes
President
Attest,
Assistant Secretary
Resolution 2018-O6