HomeMy WebLinkAboutEDA Resolution No. 2023-09RESOLUTTON NO.2023-09
A RESOTUTION APPROVING THE CONVEYANCE OF REAI PROPERW BETWEEN THE MINNESOTA
DEPARTMENT OF TRANSPORTATION AND THE ECONOMIC DEVELOPMENT AUTHORITY OF COTUMBIA
HEIGHTS, MINNESOTA
BE lT RESOTVED BY the Board of Commissioners ("Board") of the Columbia Heights Economic Development
Authority (the "Authority") as follows:
SECTION 1. RECITAIS.
1.01. The Authority has received a conveyance offer letter (the "Agreement") from the Minnesota
Department of Transportation (MNDOT) (the "Seller") pursuant to which the Authority will acquire certain
property in the City of Columbia Heights (the "City") located on the southwest corner of 40th Ave and
University Ave (the "Property")from the Seller for economic redevelopment purposes. The Property is
described in Exhibit A attached hereto.
1.02. Pursuant to the Agreement, the Authority will purchase the Property from the Seller for a
pu rchase price of $7,700.
1.03. The Authority finds that acquisition of the Property is consistent with the City's Comprehensive
Plan and will result in the redevelopment of a substandard property, and that such acquisition willfacilitate
the economic development and revitalization of this area of the City.
1.04. The Authority also finds that this redevelopment project is consistent with the purpose ofthe
Economic Development Authority Redevelopment Fund 408. Specifically, this project meets the requirements
of the Commercial Revitalization Program within fund 408.
SECTION2. PURCHASEAGREEMENTAPPROVED.
2.01. The Authority hereby ratifies and approves the actions ofAuthority staff and Kennedy Graven
in researching the Property and preparing and presenting the Agreement. The Authority approves the
Agreement in the form 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 Agreement by those officials shall be conclusive evidence of their approval.
2.02. Authority staff and officials are authorized to take all actions necessary to perform the
Authority's obligations under the Agreement as a whole, including without limitation execution of any
documents to which the Authority is a party referenced in or attached to the Agreement, and any deed or
other documents necessary to acquire the Property from the Seller, all as described in the Agreement.
Resolution 2023 -09
ORDER OF ECONOMIC DEVELOPMENT AUTHORITY
Passed this 6th day of March 2023
Offered by:s
Seconded by:re w s
Rollcall: pl-l I arvl o?]q^!-.*." )rn ,-)t-
)President
Attest:1fih/,-?
Secretary \-r/ '
EXHIBIT A
Property
DESCRIPTION FOR CONVEYANCE
Parcel 216 C.5.0205 (47=756-23)
That part ofTract A described below:
That part of Lot 18, and the North Half, front and rear of Lot 2, Rearrangement of Block "E",
Columbia Heights Annexto Minneapolis, lyingwesterly ofthe highway, accordingto the plat
thereof on file and of record in the office ofthe County Recorder in and fo. Anoka County,
Minnesotaj
which lies westerly of a line run parallel with and distant 63 feet westerly of Line 1
described below;
Line 1
Tract A.
Beginning at a point on the south line of Block 91, said Columbia Heights Annex to Minneapolis,
distant 25 feet West of the southeast corner thereof; thence northwesterly to a point on the
north line of Lot 18, Rearrangement of Block E, said Columbia Heights Annex, distant 107 feet
east ofthe northwest corner thereof and there terminating;
containing 14161square feet, more or less;
Subject to the following restriction
No access shall be permitted to Trunk Highway No. 47 and 40th Avenue Northeast from
the lands herein conveyed.